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Digital Brands Group (DBGI) investor relations material
Digital Brands Group Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net revenues for Q2 2026 were $1.2M, down from $2.3M in Q2 2025; net loss widened to $9.0M from $2.1M year-over-year.
Six-month net revenues were $2.5M (down from $4.1M), with a net loss of $20.4M versus $4.2M in the prior year.
Revenue decline was driven by lower wholesale shipments, partially offset by collegiate apparel program growth.
The company expects Q3 2026 revenues of $8.5M–$11.0M, driven by collegiate apparel initiatives.
Financial highlights
Gross margin for Q2 2026 was 27% (down from 32% in Q2 2025); six-month gross margin was 15% (down from 38%).
Operating expenses rose to $7.8M in Q2 2026 (from $2.7M), mainly due to prepaid marketing amortization and a $764K impairment.
Other expense increased to $1.5M in Q2 2026, primarily from fair value changes in share-based payment liabilities.
Cash used in operations was $10.3M for the six months ended June 30, 2026.
Outlook and guidance
Q3 2026 revenue guidance is $8.5M–$11.0M, reflecting anticipated collegiate apparel program growth.
Management expects gross margins to expand as revenue increases and fixed costs are leveraged.
Substantial doubt exists about the company's ability to continue as a going concern due to recurring losses and liquidity constraints.
- Q1 2026 saw a sharp net loss and margin compression, but new partnerships aim to drive recovery.DBGI
Q1 2026 - Registering 10.7M shares for resale, with proceeds possible only from warrant exercises.DBGI
Registration filing - Net loss widened to $28.3M in 2025 on lower revenues, higher expenses, and increased impairments.DBGI
Q4 2025 - Registering 2.13M shares for resale may dilute holders and impact stock price.DBGI
Registration Filing - Apparel group targets $100M shelf offering to fund growth amid ongoing losses and liquidity risks.DBGI
Registration Filing - Revenue fell but net loss remained flat as new capital supports strategic initiatives.DBGI
Q3 2025 - Revenue fell, losses narrowed, but liquidity and going concern risks remain despite digital gains.DBGI
Q3 2024 - Q2 revenue dropped, but debt reduction and resumed digital ads support future growth.DBGI
Q2 2024 - Net loss widened in 2024 as revenues fell and liquidity risks persisted, despite new capital raised.DBGI
Q4 2024
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Next Digital Brands Group earnings date
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