Net Income (Loss) Per Share

6 Months Ended

Jun. 30, 2025

Basic net income (loss) per share of Class A common stock is computed by dividing net income (loss) attributable to Solo Brands, Inc. by the weighted average number of shares of Class A common stock outstanding during the period. Diluted net income (loss) per share of Class A common stock is computed by dividing net income (loss) attributable to Solo Brands, Inc. by the weighted average number of shares of Class A common stock outstanding adjusted to give effect to potentially dilutive securities. The weighted average number of shares has been retrospectively adjusted as a result of the 1-for-40 reverse stock split effected subsequent to June 30, 2025. See Note 1, Significant Accounting Policies and Note 20, Subsequent Events for additional information.

The following table sets forth the calculation of the basic and diluted net income (loss) per share for the Company’s Class A common stock (in thousands, except per share data):


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Net income (loss)	$	(20,767)	$	(4,037)	$	(39,344)	$	(10,521)
Less: Net income (loss) attributable to non-controlling interests	(7,299)		(926)		(13,684)		(4,008)
Net income (loss) attributable to Solo Brands, Inc.	$	(13,468)	$	(3,111)	$	(25,660)	$	(6,513)







Weighted average shares of Class A common stock outstanding - basic and diluted	1,509		1,457		1,504		1,455



Net income (loss) per share of Class A common stock outstanding - basic and diluted	$	(8.93)	$	(2.14)	$	(17.06)	$	(4.48)

During the three months ended June 30, 2025 and 2024, 1,427 and 3,205 options and 70,150 and 63,412 restricted stock units, respectively, and during the six months ended June 30, 2025 and 2024, 1,427 and 3,205 options and 38,900 and 42,723 restricted stock units, respectively, were not included in the computation of diluted net income (loss) per share because their effect would have been anti-dilutive.