DBGI · Digital Brands Group, Inc.
Digital Brands Group, Inc. engages in the provision of various apparel products through direct-to-consumer and wholesale distribution. The company offers women's clothing, including dresses, tops, jumpsuits, bottoms, sets, shirts, sweaters, skirts, shorts, athleisure bottoms, and other accessory products, as well as t-shirts, jackets and rompers. It sells its products under the Bailey 44, Stateside, DSTLD, Sundry, and AVO Studios brand names. The company sells directly to the consumer through its websites and showrooms, as well as through its wholesale channel in specialty stores, third-party online stores, and select department stores. The company was formerly known as Denim.LA, Inc. Digital Brands Group, Inc. was incorporated in 2012 and is headquartered in Austin, Texas.
Cap structure and valuation
| Cap structure | |
|---|---|
| SP | $0.70 |
| SO | 23.0M |
| Options | 0.0M |
| Warrants | 17.9M |
| FD SO | 40.9M |
| MC | $28.6M |
| Cash | $5.1M |
| Total debt | $6.1M |
| EV | $29.6M |
| TTM Multiples | |
|---|---|
| EV / Revenue | 4.3x |
| EV / EBITDA | — |
| MC / Net Income | — |
| EV / FCF | — |
| MC / FCF | — |
| Ownership & coverage | |
|---|---|
| Institutional | 4.2% |
| Insiders | 0.0% |
| # Institutions | 29 |
| Analysts | 0 |
| Consensus | — |
| Avg target | — |
| Short % float | 10.8% |
| Days to cover | 0.23 |
MC = SP × FD SO. EV = MC + Debt − Cash. SP = previous yfinance close. Balance-sheet figures as of 2026-05-20. Multiples use TTM (sum of last 4 quarters); shown as "—" when the denominator is zero or negative, or when fewer than four quarters are reported — a partial sum is not a trailing twelve months. Ownership & coverage per Yahoo Finance as of 2026-07-13 — institutional % is 13F-based, so it can lag a quarter and exceed 100% on share-count timing. Short interest per FINRA bi-monthly reporting, as of 2026-06-29; the float denominator can be unreliable on tiny floats.
Financial statements
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Total Revenue | 1.32 | 1.60 | 1.65 | 2.25 |
| Revenue YoY % | (29.7%) | (25.1%) | (32.2%) | (33.7%) |
| Cost of Revenue | 1.27 | 2.84 | 0.95 | 1.54 |
| Gross Profit | 0.05 | (1.24) | 0.71 | 0.71 |
| Gross Profit YoY % | (94.8%) | (63.3%) | (37.0%) | (54.3%) |
| Gross Margin % | 3.4% | (77.1%) | 42.7% | 31.6% |
| SG&A | 2.57 | 3.98 | 2.19 | 1.53 |
| Operating Expense | 7.46 | 20.99 | 4.04 | 2.70 |
| Operating Income | (7.42) | (22.22) | (3.33) | (1.99) |
| Operating Income YoY % | (271.6%) | (350.8%) | (21.3%) | 13.8% |
| Operating Margin % | (563.8%) | (1385.4%) | (201.3%) | (88.2%) |
| EBITDA | (7.27) | (21.38) | (2.91) | (1.57) |
| EBITDA Margin % | (552.7%) | (1333.2%) | (176.0%) | (69.6%) |
| Interest Expense | 0.12 | 0.12 | 0.13 | 0.13 |
| Other Income / (Expense) | (3.85) | 1.75 | — | — |
| Pretax Income | (11.39) | (20.59) | (3.45) | (2.12) |
| Net Income | (11.39) | (20.59) | (3.45) | (2.12) |
| Net Margin % | (865.7%) | (1283.8%) | (208.7%) | (94.1%) |
| Diluted EPS | -$1.06 | -$0.13 | -$1.18 | -$0.81 |
| Basic EPS | -$1.06 | -$0.13 | -$1.18 | -$0.81 |
| Diluted Avg Shares | 10.7 | — | 2.9 | 2.6 |
| Basic Avg Shares | 10.7 | — | 2.9 | 2.6 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Total Revenue | 6.83 | 7.38 | 11.56 | 14.92 | 10.33 |
| Revenue YoY % | (7.5%) | (36.1%) | (22.5%) | 44.3% | — |
| Cost of Revenue | 6.60 | 6.33 | 7.91 | 8.37 | 6.79 |
| Gross Profit | 0.23 | 1.05 | 3.64 | 6.54 | 3.54 |
| Gross Profit YoY % | (78.4%) | (71.1%) | (44.3%) | 84.6% | — |
| Gross Margin % | 3.3% | 14.3% | 31.5% | 43.9% | 34.3% |
| SG&A | 10.27 | 9.67 | 8.65 | 14.30 | 14.07 |
| Operating Expense | 35.18 | 30.59 | 13.84 | 8.64 | 24.77 |
| Operating Income | (34.96) | (29.53) | (10.20) | (2.10) | (21.22) |
| Operating Income YoY % | (18.4%) | (189.5%) | (386.8%) | 90.1% | — |
| Operating Margin % | (512.2%) | (400.1%) | (88.3%) | (14.0%) | (205.4%) |
| EBITDA | (33.14) | (27.44) | (7.70) | 1.15 | (19.57) |
| EBITDA Margin % | (485.5%) | (371.8%) | (66.6%) | 7.7% | (189.4%) |
| Interest Expense | 0.50 | 0.51 | 2.94 | 0.00 | 0.57 |
| Other Income / (Expense) | (2.09) | 1.80 | — | (7.78) | (16.25) |
| Pretax Income | (37.55) | (28.25) | (13.23) | (9.88) | (38.04) |
| Tax Provision | — | — | (0.12) | 0.37 | — |
| Net Income | (37.55) | (28.25) | (13.11) | (10.25) | (38.04) |
| Net Margin % | (550.2%) | (382.8%) | (113.4%) | (68.7%) | (368.2%) |
| Diluted EPS | -$3.18 | -$2.18 | -$76.71 | -$457.78 | — |
| Basic EPS | -$3.18 | -$2.18 | -$76.71 | -$457.78 | — |
| Diluted Avg Shares | 10.7 | 14.0 | 0.2 | 0.0 | 0.0 |
| Basic Avg Shares | 10.7 | 14.0 | 0.2 | 0.0 | 0.0 |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Cash & Equivalents | 5.12 | 1.93 | 6.70 | 0.54 |
| Inventory | 3.55 | 3.14 | 4.32 | 4.08 |
| Other Current Assets | 10.68 | 15.54 | 8.98 | 1.83 |
| Total Current Assets | 19.34 | 20.62 | 20.00 | 6.45 |
| Net PPE | 0.21 | 0.02 | 0.02 | 0.02 |
| Operating Lease ROU | 4.12 | — | — | — |
| Goodwill | 5.79 | 5.79 | 8.97 | 8.97 |
| Intangible Assets | 4.35 | 4.49 | 7.87 | 8.29 |
| Other Assets | 13.50 | 13.57 | 4.33 | 4.09 |
| Total Assets | 47.32 | 44.49 | 41.19 | 27.82 |
| Accounts Payable | 6.62 | 6.27 | 4.89 | 5.59 |
| Current Debt | 6.06 | 6.12 | — | — |
| Other Current Liabilities | 14.16 | 13.67 | 19.92 | 13.79 |
| Total Current Liabilities | 26.84 | 26.07 | 24.81 | 19.38 |
| Long-term Debt | 6.06 | 6.12 | — | — |
| Long-term Lease Liabilities | 4.19 | — | — | — |
| Other Liabilities | 6.65 | 3.53 | — | 1.33 |
| Total Liabilities | 43.74 | 35.72 | 25.21 | 20.71 |
| Retained Earnings | (166.75) | (155.35) | (134.76) | (131.31) |
| Total Equity | 3.58 | 8.77 | 15.99 | 7.11 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Cash & Equivalents | 5.12 | 1.93 | 0.16 | 0.02 | 1.28 |
| Receivables | — | — | — | 0.07 | — |
| Inventory | 3.55 | 3.14 | 3.82 | 4.85 | 5.12 |
| Other Current Assets | 10.68 | 15.54 | 0.71 | 0.61 | 2.43 |
| Total Current Assets | 19.34 | 20.62 | 4.70 | 5.56 | 8.83 |
| Net PPE | 0.21 | 0.02 | 0.02 | 0.06 | 0.10 |
| Operating Lease ROU | 4.12 | — | — | 0.69 | 0.10 |
| Goodwill | 5.79 | 5.79 | 8.97 | 8.97 | 8.97 |
| Intangible Assets | 4.35 | 4.49 | 6.12 | 9.98 | 12.91 |
| Other Assets | 13.50 | 13.57 | — | — | 2.82 |
| Total Assets | 47.32 | 44.49 | 19.89 | 25.34 | 33.74 |
| Accounts Payable | 6.62 | 6.27 | 6.42 | 7.54 | 8.02 |
| Current Debt | 6.06 | 6.12 | 6.40 | — | — |
| Current Lease Liabilities | — | — | — | 1.21 | 0.10 |
| Other Current Liabilities | 14.16 | 13.67 | 8.00 | 14.47 | 32.78 |
| Total Current Liabilities | 26.84 | 26.07 | 20.82 | 23.22 | 40.89 |
| Long-term Debt | 6.06 | 6.12 | 0.15 | — | — |
| Long-term Lease Liabilities | 4.19 | — | — | — | — |
| Other Liabilities | 6.65 | 3.53 | — | 0.52 | — |
| Total Liabilities | 43.74 | 35.72 | 21.22 | 23.73 | 41.19 |
| Retained Earnings | (166.75) | (155.35) | (127.10) | (113.99) | (103.75) |
| Total Equity | 3.58 | 8.77 | (1.33) | 1.60 | (7.45) |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Net Income | (11.39) | (20.59) | (3.45) | (2.12) |
| D&A | 0.15 | 0.84 | 0.42 | 0.42 |
| Stock-Based Comp | — | 0.00 | 0.00 | 0.00 |
| Δ Working Cap & Other | 6.54 | 15.03 | (2.04) | 0.12 |
| Operating Cash Flow | (4.71) | (4.72) | (5.07) | (1.58) |
| CapEx | (0.12) | — | — | — |
| Investing Cash Flow | (0.26) | — | — | — |
| Other Financing | 2.41 | — | 16.93 | — |
| Financing Cash Flow | 2.41 | (0.00) | 16.93 | (0.12) |
| Free Cash Flow | (4.83) | — | — | — |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Net Income | (37.55) | (28.25) | (13.11) | (10.25) | (38.04) |
| D&A | 1.82 | 2.09 | 2.51 | 3.25 | 1.65 |
| Stock-Based Comp | — | 0.00 | 0.17 | 0.41 | 0.60 |
| Δ Working Cap & Other | 19.65 | 10.28 | 4.28 | 0.58 | 25.02 |
| Operating Cash Flow | (16.08) | (15.88) | (6.15) | (6.01) | (10.77) |
| CapEx | — | — | — | (0.03) | (0.06) |
| Other Investing | — | — | — | — | (7.31) |
| Investing Cash Flow | — | — | — | 0.09 | (7.37) |
| Debt Issuance | — | — | — | — | 0.24 |
| Stock Issuance | — | — | 9.37 | 8.15 | 8.10 |
| Other Financing | 19.22 | 23.39 | (3.08) | (3.48) | 10.56 |
| Financing Cash Flow | 19.22 | 23.39 | 6.30 | 4.66 | 18.90 |
| Free Cash Flow | — | — | — | (6.04) | (10.83) |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Current Ratio | 0.72 | 0.79 | 0.81 | 0.33 |
| Quick Ratio | 0.59 | 0.67 | 0.63 | 0.12 |
| Debt / Equity | 12.22 | 4.07 | 1.58 | 2.91 |
| EBITDA Margin % | (552.7%) | (1333.2%) | (176.0%) | (69.6%) |
| Working Capital | (7.50) | (5.45) | (4.81) | (12.93) |
| Net Debt | 0.94 | 4.19 | — | — |
| ROE % | (318.3%) | (234.9%) | (21.6%) | (29.8%) |
| ROA % | (24.1%) | (46.3%) | (8.4%) | (7.6%) |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Current Ratio | 0.72 | 0.79 | 0.23 | 0.24 | 0.22 |
| Quick Ratio | 0.59 | 0.67 | 0.04 | 0.03 | 0.09 |
| Debt / Equity | 12.22 | 4.07 | -15.97 | 14.81 | -5.53 |
| EBITDA Margin % | (485.5%) | (371.8%) | (66.6%) | 7.7% | (189.4%) |
| Working Capital | (7.50) | (5.45) | (16.12) | (17.66) | (32.06) |
| Net Debt | 0.94 | 4.19 | (0.01) | — | — |
| ROE % | (1049.4%) | (322.2%) | 986.5% | (639.4%) | 510.4% |
| ROA % | (79.4%) | (63.5%) | (65.9%) | (40.4%) | (112.8%) |
Insider activity (last 2 years)
| Date Filed | Reporter | Relationship | Trans. Date | Code | Shares | Price | Total Value |
|---|---|---|---|---|---|---|---|
| 2026-06-12 | DAVIS JOHN HILBURN IV | Director, Officer (CEO) | 2026-06-10 | P | 618,333 | $1.13 | $698,716 |
| 2026-06-09 | DAVIS JOHN HILBURN IV | Director, Officer (CEO) | 2026-06-02 | P | 70,127 | $0.70 | $49,096 |