Solo Brands (DTC) 10-Q 7 Nov 24 2024 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2024	Nov. 04, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Entity File Number	001-40979
Entity Registrant Name	Solo Brands, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	87-1360865
Entity Address, Address Line One	1001 Mustang Dr.
Entity Address, City or Town	Grapevine
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	76051
City Area Code	817
Local Phone Number	900-2664
Title of 12(b) Security	Class A Common Stock, $0.001 par value per share
Trading Symbol	DTC
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Entity Central Index Key	0001870600
Current Fiscal Year End Date	--12-31
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		58,582,296
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		33,089,314

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 12,494	$ 19,842
Accounts receivable, net of allowance for credit losses of $1.1 million and $1.3 million as of September 30, 2024 and December 31, 2023, respectively	38,270	42,725
Inventory	106,800	111,613
Prepaid expenses and other current assets	14,923	21,893
Total current assets	172,487	196,073
Non-current assets
Property and equipment, net	24,227	26,159
Intangible assets, net	193,905	221,010
Goodwill	124,796	169,648
Operating lease right-of-use assets	30,361	30,788
Other non-current assets	7,450	15,640
Total non-current assets	380,739	463,245
Total assets	553,226	659,318
Current liabilities
Accounts payable	61,047	21,846
Accrued expenses and other current liabilities	36,904	55,155
Deferred revenue	1,744	5,310
Current portion of long-term debt	10,000	6,250
Total current liabilities	109,695	88,561
Non-current liabilities
Long-term debt, net	151,138	142,993
Deferred tax liability	8,149	17,319
Operating lease liabilities	24,831	24,648
Other non-current liabilities	9,393	13,534
Total non-current liabilities	193,511	198,494
Commitments and contingencies (Note 1)
Shareholders’ equity
Additional paid-in capital	360,690	357,385
Retained earnings (accumulated deficit)	(191,835)	(115,458)
Accumulated other comprehensive income (loss)	(224)	(230)
Treasury stock	(714)	(526)
Equity attributable to the controlling interest	168,009	241,262
Equity attributable to non-controlling interests	82,011	131,001
Total equity	250,020	372,263
Total liabilities and equity	553,226	659,318
Class A Common Stock
Shareholders’ equity
Common stock issued	59	58
Class B Common Stock
Shareholders’ equity
Common stock issued	$ 33	$ 33

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Allowance for doubtful accounts	$ 1.1	$ 1.3
Class A Common Stock
Common stock par value (in dollars per share)	$ 0.001	$ 0.001
Common stock authorized (in shares)	468,767,205	468,767,205
Common stock issued (in shares)	58,558,959	57,947,711
Common stock outstanding (in shares)	58,558,959	57,947,711
Class B Common Stock
Common stock par value (in dollars per share)	$ 0.001	$ 0.001
Common stock authorized (in shares)	50,000,000	50,000,000
Common stock issued (in shares)	33,087,636	33,047,780
Common stock outstanding (in shares)	33,087,636	33,047,780

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Net sales	$ 94,139	$ 110,324	$ 311,013	$ 329,458
Cost of goods sold	54,820	42,065	138,513	123,725
Gross profit	39,319	68,259	172,500	205,733
Operating expenses
Selling, general & administrative expenses	61,119	57,016	180,337	165,162
Restructuring, contract termination and impairment charges	83,618	4,317	83,618	4,317
Depreciation and amortization expenses	6,574	7,052	19,255	19,579
Other operating expenses	3,294	1,199	8,688	3,736
Total operating expenses	154,605	69,584	291,898	192,794
Income (loss) from operations	(115,286)	(1,325)	(119,398)	12,939
Non-operating (income) expense
Interest expense, net	3,683	2,766	10,352	7,542
Other non-operating (income) expense	(619)	(983)	(378)	(6,861)
Total non-operating (income) expense	3,064	1,783	9,974	681
Income (loss) before income taxes	(118,350)	(3,108)	(129,372)	12,258
Income tax expense (benefit)	(6,897)	(6,191)	(7,398)	(3,272)
Net income (loss)	(111,453)	3,083	(121,974)	15,530
Less: net income (loss) attributable to noncontrolling interests	(41,589)	(1,045)	(45,597)	3,054
Net income (loss) attributable to Solo Brands, Inc.	(69,864)	4,128	(76,377)	12,476
Net income (loss) attributable to Solo Brands, Inc.	(69,864)	4,128	(76,377)	12,476
Other comprehensive income (loss)
Foreign currency translation, net of tax	82	(593)	6	(472)
Comprehensive income (loss)	(111,371)	2,490	(121,968)	15,058
Less: other comprehensive income (loss) attributable to noncontrolling interests	(24)	(214)	3	(171)
Less: net income (loss) attributable to noncontrolling interests	(41,589)	(1,045)	(45,597)	3,054
Comprehensive income (loss) attributable to Solo Brands, Inc.	$ (69,758)	$ 3,749	$ (76,374)	$ 12,175
Net income (loss) per Class A common stock
Basic (in dollars per share)	$ (1.19)	$ 0.07	$ (1.31)	$ 0.20
Diluted (in dollars per share)	$ (1.19)	$ 0.07	$ (1.31)	$ 0.20
Weighted-average Class A common stock outstanding
Basic (in shares)	58,545	57,883	58,303	61,370
Diluted (in shares)	58,545	58,368	58,303	61,581

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ (121,974)	$ 15,530
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Restructuring, contract termination and impairment charges	83,618	4,317
Depreciation and amortization	19,942	20,125
Inventory charges associated with restructuring and consolidation activities	18,742	0
Operating lease right-of-use assets	6,517	4,704
Equity-based compensation	4,408	14,714
Change in fair value of contingent consideration	4,721	(2,242)
Prepaid marketing charges	1,871	0
Amortization of debt issuance costs	645	645
Changes in accounts receivable reserves	401	1,312
Deferred income taxes	(9,631)	(10,924)
Other	26	186
Changes in assets and liabilities
Accounts receivable	4,058	(5,472)
Inventory	(12,434)	24,607
Prepaid expenses and other current assets	(807)	(4,995)
Accounts payable	29,608	(891)
Accrued expenses and other current liabilities	(20,282)	(8,713)
Deferred revenue	(3,566)	(2,878)
Operating lease liabilities	(4,176)	(5,442)
Other non-current assets and liabilities	(1,157)	(5,419)
Payments of contingent consideration	(3,000)	0
Net cash (used in) provided by operating activities	(2,470)	39,164
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(11,512)	(6,943)
Payments of contingent consideration	0	(9,386)
Acquisitions, net of cash acquired	0	(34,620)
Net cash (used in) provided by investing activities	(11,512)	(50,949)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from long-term debt	40,000	60,000
Repayments of long-term debt	(28,750)	(8,750)
Finance lease liability principal paid	(144)	0
Common stock repurchases	0	(36,957)
Distributions to non-controlling interests	(4,284)	(8,944)
Surrender of stock to settle taxes on restricted stock awards	(188)	(42)
Stock issued under employee stock purchase plan	178	106
Net cash (used in) provided by financing activities	6,812	5,413
Effect of exchange rate changes on cash	(178)	(370)
Net change in cash and cash equivalents	(7,348)	(6,742)
Cash and cash equivalents balance, beginning of period	19,842	23,293
Cash and cash equivalents balance, end of period	12,494	16,551
SUPPLEMENTAL NONCASH INVESTING AND FINANCING DISCLOSURES:
Operating lease right of use assets obtained in exchange for lease obligations	6,109	2,532
Financing lease right of use assets obtained in exchange for lease obligations	0	899
Treasury stock retirements	0	31,164
Re-issuance of treasury stock	$ 0	$ 5,342

Consolidated Statement of Equit

Consolidated Statement of Equity (Unaudited) - USD ($) $ in Thousands	Total	Share-Based Payment Arrangement, Nonemployee	Additional Paid-in Capital	Additional Paid-in Capital Share-Based Payment Arrangement, Nonemployee	Retained Earnings (Accumulated Deficit)	Accumulated Other Comprehensive Income (Loss)	Treasury Stock	Non-controlling Interest	Class A Common Stock	Class A Common Stock Common Stock	Class B Common Stock	Class B Common Stock Common Stock
Beginning balance (in shares) at Dec. 31, 2022										63,651,000		32,158,000
Beginning balance at Dec. 31, 2022	$ 574,997		$ 358,118		$ 5,746	$ (499)	$ (35)	$ 211,571		$ 64		$ 32
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	933				924			9
Equity-based compensation, net of income tax expense (benefit)	4,764		3,703					1,061
Other comprehensive income (loss)	104					70		34
Tax distributions to non-controlling interests	(6,178)							(6,178)
Vested equity-based compensation and re-allocation of ownership percentage (in shares)										38,000		227,000
Vested equity-based compensation and re-allocation of ownership percentage	0		(829)					829
Ending balance (in shares) at Mar. 31, 2023										63,689,000		32,385,000
Ending balance at Mar. 31, 2023	574,620		360,992		6,670	(429)	(35)	207,326		$ 64		$ 32
Beginning balance (in shares) at Dec. 31, 2022										63,651,000		32,158,000
Beginning balance at Dec. 31, 2022	574,997		358,118		5,746	(499)	(35)	211,571		$ 64		$ 32
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	15,530
Treasury stock retirements	(31,164)
Ending balance (in shares) at Sep. 30, 2023										57,751,000		32,833,000
Ending balance at Sep. 30, 2023	585,560		352,758		8,735	(741)	(315)	225,032		$ 58		$ 33
Beginning balance (in shares) at Mar. 31, 2023										63,689,000		32,385,000
Beginning balance at Mar. 31, 2023	574,620		360,992		6,670	(429)	(35)	207,326		$ 64		$ 32
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	11,514				7,424			4,090
Equity-based compensation, net of income tax expense (benefit)	6,500		5,345					1,155
Other comprehensive income (loss)	167					117		50
Tax distributions to non-controlling interests	(1,225)							(1,225)
Employee stock purchase plan (in shares)										36,000
Employee stock purchase plan	106		106
Common stock repurchase (in shares)										(5,639,000)
Common stock repurchase	(8,591)				19,888		(28,479)
Treasury stock retirements	0				(28,022)		28,028			$ (6)
Surrender of stock to settle taxes on equity awards	52		52
Vested equity-based compensation and re-allocation of ownership percentage (in shares)										216,000		225,000
Vested equity-based compensation and re-allocation of ownership percentage	2		(13,115)					13,116				$ 1
Ending balance (in shares) at Jun. 30, 2023										58,302,000		32,610,000
Ending balance at Jun. 30, 2023	583,145		353,380		5,960	(312)	(486)	224,512		$ 58		$ 33
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	3,083				4,128			(1,045)
Equity-based compensation, net of income tax expense (benefit)	2,224		1,083					1,141
Other comprehensive income (loss)	(713)					(429)		(284)
Tax distributions to non-controlling interests	(1,540)							(1,540)
Common stock repurchase (in shares)										(1,696,000)
Common stock repurchase	(6,430)				1,783		(8,213)
Re-issuance of treasury stock (in shares)										1,068,000
Re-issuance of treasury stock	5,887		545				5,342
Treasury stock retirements	0				(3,136)		3,136
Surrender of stock to settle taxes on equity awards	(94)						(94)
Vested equity-based compensation and re-allocation of ownership percentage (in shares)										77,000		223,000
Vested equity-based compensation and re-allocation of ownership percentage	(2)		(2,250)					2,248
Ending balance (in shares) at Sep. 30, 2023										57,751,000		32,833,000
Ending balance at Sep. 30, 2023	585,560		352,758		8,735	(741)	(315)	225,032		$ 58		$ 33
Beginning balance (in shares) at Dec. 31, 2023									57,947,711	57,948,000	33,047,780	33,048,000
Beginning balance at Dec. 31, 2023	372,263		357,385		(115,458)	(230)	(526)	131,001		$ 58		$ 33
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(6,484)				(3,402)			(3,082)
Equity-based compensation, net of income tax expense (benefit)	1,109		1,109
Other comprehensive income (loss)	(43)					(43)
Tax distributions to non-controlling interests	(4,284)							(4,284)
Surrender of stock to settle taxes on equity awards	(122)						(122)
Vested equity-based compensation and re-allocation of ownership percentage (in shares)										213,000		20,000
Vested equity-based compensation and re-allocation of ownership percentage	0		(349)					349
Ending balance (in shares) at Mar. 31, 2024										58,161,000		33,068,000
Ending balance at Mar. 31, 2024	362,439		358,145		(118,860)	(273)	(648)	123,984		$ 58		$ 33
Beginning balance (in shares) at Dec. 31, 2023									57,947,711	57,948,000	33,047,780	33,048,000
Beginning balance at Dec. 31, 2023	372,263		357,385		(115,458)	(230)	(526)	131,001		$ 58		$ 33
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(121,974)
Treasury stock retirements	0
Ending balance (in shares) at Sep. 30, 2024									58,558,959	58,559,000	33,087,636	33,088,000
Ending balance at Sep. 30, 2024	250,020		360,690		(191,835)	(224)	(714)	82,011		$ 59		$ 33
Beginning balance (in shares) at Mar. 31, 2024										58,161,000		33,068,000
Beginning balance at Mar. 31, 2024	362,439		358,145		(118,860)	(273)	(648)	123,984		$ 58		$ 33
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(4,037)				(3,111)			(926)
Equity-based compensation, net of income tax expense (benefit)	1,230		1,230
Other comprehensive income (loss)	(33)					(33)
Employee stock purchase plan (in shares)										54,000
Employee stock purchase plan	179		178							$ 1
Surrender of stock to settle taxes on equity awards	(31)		0				(31)
Vested equity-based compensation and re-allocation of ownership percentage (in shares)										298,000		3,000
Vested equity-based compensation and re-allocation of ownership percentage	0		41					(41)
Ending balance (in shares) at Jun. 30, 2024										58,513,000		33,071,000
Ending balance at Jun. 30, 2024	359,747		359,594		(121,971)	(306)	(679)	123,017		$ 59		$ 33
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(111,453)				(69,864)			(41,589)
Equity-based compensation, net of income tax expense (benefit)	1,542	$ 137	1,542	$ 137
Other comprehensive income (loss)	82					82
Surrender of stock to settle taxes on equity awards	(35)						(35)
Vested equity-based compensation and re-allocation of ownership percentage (in shares)										46,000		17,000
Vested equity-based compensation and re-allocation of ownership percentage	0		(583)					583
Ending balance (in shares) at Sep. 30, 2024									58,558,959	58,559,000	33,087,636	33,088,000
Ending balance at Sep. 30, 2024	$ 250,020		$ 360,690		$ (191,835)	$ (224)	$ (714)	$ 82,011		$ 59		$ 33

Significant Accounting Policies

Significant Accounting Policies	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Significant Accounting Policies	Significant Accounting Policies Included below are selected significant accounting policies. Refer to Note 2 - Significant Accounting Policies, within the annual consolidated financial statements in the Company’s 2023 Form 10-K for the full list of significant accounting policies. Basis of Presentation The unaudited consolidated financial statements contained herein have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) and the rules of the SEC. Accordingly, these unaudited consolidated financial statements do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring adjustments) necessary for a fair statement of the results of operations, financial position and cash flows for the periods presented have been reflected. The unaudited consolidated financial statements include those of our wholly-owned and majority-owned subsidiaries and the entity consolidated under the variable interest entity model. Intercompany balances and transactions are eliminated in consolidation. These unaudited consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements included in the 2023 Form 10-K. Certain prior period amounts have been conformed to the current period’s presentation. Use of Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses during the reporting period and disclosure of contingent assets and liabilities at the date of the consolidated financial statements. Estimates and assumptions about future events and their effects cannot be made with certainty. Estimates may change as new events occur when additional information becomes available and if the operating environment changes. Actual results could differ from estimates. Restructuring, Contract Termination and Impairment Charges Restructuring, contract termination and impairment charges are primarily comprised of severance and employee-related benefits, contract termination fees and asset impairment charges. We recognize employee severance costs as a liability at estimated fair value, at the time of communication to employees, unless future service is required, in which case the costs are recognized ratably over the future service period. Contract termination fees include costs incurred to terminate a contract and the impacts to related assets or liabilities associated with these contracts. Asset impairment charges include impairments of long-lived assets and goodwill, as addressed in Note 2 - Significant Accounting Policies, in the 2023 Form 10-K. Restructuring, contract termination and asset impairment activities are recognized when they are incurred and included in restructuring, contract termination and impairment charges on the consolidated statements of operations and comprehensive income (loss). Commitments and Contingencies From time to time, the Company is involved in various legal proceedings that arise in the normal course of business. While the Company intends to prosecute and defend any lawsuit vigorously, the Company presently believes that the ultimate outcome of any currently pending legal proceeding will not have any material adverse effect on its financial position, cash flows, or results of operations. However, litigation is subject to inherent uncertainties and unfavorable rulings could occur. An unfavorable ruling could include monetary damages, which could impact the Company’s business and the results of operations for the period in which the ruling occurs or future periods. Based on the information available, the Company evaluates the likelihood of potential outcomes. The Company records the appropriate liability when the amount is deemed probable and reasonably estimable. In addition, the Company does not accrue for estimated legal fees and other directly related costs because they are expensed as incurred. The Company is not currently a party to any pending litigation that it considers material. Therefore, the consolidated balance sheets do not include a liability for any potential obligations as of September 30, 2024 and December 31, 2023. Recently Adopted Accounting Pronouncements In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. The ASU requires that an acquirer recognize and measure contract assets and liabilities acquired in a business combination in accordance with ASU 2014-09, Revenue from Contracts with Customers (Topic 606) in order to align the recognition of a contract liability with the definition of a performance obligation. We adopted ASU 2021-08 in the first quarter of 2024 and for all periods subsequent to adoption, will recognize and measure contract assets and liabilities acquired in a business combination in accordance with Topic 606, for which recognition and measurement would have occurred under Topic 805 prior to adoption. Recently Issued Accounting Pronouncements - Not Yet Adopted In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The ASU amended the existing segment reporting requirements by requiring disclosure of the significant segment expenses based on how management internally views segment information and by allowing the disclosure of more than one measure of segment profit or loss, as well as by expanding the interim period segment requirements. The ASU also requires single-reportable segment entities to report the disclosures required under Topic 280. The guidance is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. The adoption of this standard is not expected to have a material impact on the Company’s consolidated financial statements, but will require certain additional disclosures when adopted in the Company’s 2024 Form 10-K. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, that requires presentation of specific categories of reconciling items, as well as reconciling items that meet a quantitative threshold, in the reconciliation between the income tax provision and the income tax provision using statutory tax rates. The ASU also requires disclosure of income taxes paid disaggregated by jurisdiction with separate disclosure of income taxes paid to individual jurisdictions that meet a quantitative threshold. The amendments in this accounting standard are effective for fiscal years beginning after December 15, 2024, on a prospective basis. Early adoption and retrospective application are permitted. The adoption of this standard is not expected to have a material impact on the Company’s consolidated financial statements, but will require certain additional disclosures.

Restructuring, Contract Termina

Restructuring, Contract Termination and Impairment Charges	9 Months Ended
	Sep. 30, 2024
Restructuring and Related Activities [Abstract]
Restructuring, Contract Termination and Impairment Charges	Restructuring, Contract Termination and Impairment Charges In 2024, the Company underwent a significant change in management and personnel across the organization. The new management team engaged in a detailed review of the business and its brand level components, both internally and through the engagement of external strategic partners. Management developed a strategic plan focused on returning the Company back to growth. This strategic plan involved the following activities: • termination of underperforming marketing agreements with marketing barter partners that no longer aligned with the Company’s current marketing strategy; • charges related to the IcyBreeze reporting unit stemming from underperformance and management’s determination to revise product design; and • reorganization of the Oru and ISLE reporting units to eliminate costs and capitalize on potential synergies, through restructuring under a revised management structure, which resulted in severance and other changes totaling $0.6 million. As a result of these activities, the Company recognized significant charges for restructuring and contract terminations, in addition to asset impairment charges related to IcyBreeze. The key initiatives of this plan, some of which are ongoing and expected to be completed in the fourth quarter of 2024, are described in further detail in the sections below. Underperforming Marketing Agreements During the current quarter, the Company determined to terminate a certain underperforming marketing agreement, for which it was committed to purchase $30.0 million of advertising services in 2024 and $67.5 million thereafter, with a minimum required payment of $10.3 million in 2024 and $16.2 million thereafter. The Company recognized the available advertising platforms and distribution methods did not align to its target customers or business. The Company is required to make a net payment of $9.0 million, recorded within accounts payable. Additionally, a previously recorded receivable, recorded within prepaid expenses and other current assets, due from the marketing barter partner of $5.4 million, was expensed. In addition, trade credits of $7.2 million, to be used for future advertising purchases, were fully impaired as of September 30, 2024. The aggregate expense recognized in relation to the termination of the marketing agreement was $21.6 million in the third quarter of 2024. Charges Related to the IcyBreeze Reporting Unit During the current quarter, management performed a strategic review of the IcyBreeze reporting unit, given legacy products driving underperformance of the business. As of September 30, 2024, operations had materially ceased, with sell through of remaining legacy products being the only remaining activity, while employees of IcyBreeze are being repurposed within other areas of the Company. Accordingly, we performed quantitative impairment tests for long-lived assets and goodwill, as discussed in Note 6, Intangible Assets, Net and Note 7, Goodwill. Management also evaluated other IcyBreeze assets and liabilities and recorded certain reserves, where required. As of September 30, 2024, the Company recognized $19.9 million and $13.3 million of impairment charges as they relate to the goodwill and intangible assets of the reporting unit, respectively. Furthermore, we recorded impairments of $2.9 million for land, buildings and equipment and $0.2 million related to certain marketing contract terminations and $18.7 million of inventory reserves related to the write-down and disposition of inventory (see Note 4, Inventory). These charges were recorded within Restructuring, contract termination and impairment charges, other than the inventory related charges that were recorded to Cost of goods sold. The aggregate loss recognized for charges related to the IcyBreeze reporting unit, was $55.0 million. The components of the restructuring, contract termination and impairment charges, inclusive of the $25.0 million goodwill impairment charge recognized at the Solo Stove reporting unit as discussed in Note 7, Goodwill, are as follows: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2024 2023 2024 2023 Restructuring charges 580 — 580 — Impairment charges 68,216 — 68,216 — Contract termination 14,822 4,317 14,822 4,317 Total restructuring, contract termination and impairment charges 83,618 4,317 83,618 4,317 As noted above, the Company expects that certain of the restructuring activities underway could have a potential impact on the fourth quarter of 2024. As of September 30, 2024, the Company estimates that ongoing restructuring activities in the fourth quarter of 2024 will not be material.

Revenue

Revenue	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenue	Revenue The Company principally engages in (1) direct-to-consumer (“DTC”) transactions, which are primarily comprised of product sales directly from the Company’s websites, and (2) business-to-business transactions, or retail (1) , which are comprised of product sales to retailers, including where possession of the Company's products is taken and sold by the retailer in-store or online. The following table disaggregates net sales by channel: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Net sales by channel Direct-to-consumer $ 64,480 $ 76,337 $ 214,293 $ 230,737 Retail 29,659 33,987 96,720 98,721 Net sales $ 94,139 $ 110,324 $ 311,013 $ 329,458 (1) Retail sales were previously referred to as wholesale sales. Retail sales and associated business results from such retail sales have been reflected as retail in this Quarterly Report and will be reflected as such in subsequent filings of the Company with the SEC.

Inventory

Inventory	9 Months Ended
	Sep. 30, 2024
Inventory Disclosure [Abstract]
Inventory	Inventory Inventory consisted of the following: September 30, 2024 December 31, 2023 Finished products on hand $ 72,140 $ 83,755 Finished products in transit 27,795 21,488 Raw materials 6,865 6,370 Inventory $ 106,800 $ 111,613

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets	9 Months Ended
	Sep. 30, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses and Other Current Assets	Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consisted of the following: September 30, 2024 December 31, 2023 Tax receivables $ 6,400 $ 2,619 Non-trade receivables (1) 2,385 8,128 Prepaid marketing 3,124 340 Inventory deposits 1,014 4,961 Insurance 326 1,996 Other 1,674 3,849 Prepaid expenses and other current assets $ 14,923 $ 21,893 (1) The non-trade receivables line item decreased by $5.4 million as a result of the termination of underperforming agreements with marketing barter partners subsequent to December 31, 2023. In the third quarter of 2024, the Company expensed $1.9 million of prepaid marketing that was determined to have no future benefit.

Intangible Assets, Net

Intangible Assets, Net	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets, net	Intangible Assets, Net Intangible assets consisted of the following: September 30, 2024 December 31, 2023 Gross carrying value Brand (1) $ 198,514 $ 205,614 Trademark 26,714 26,714 Customer relationships 31,128 31,128 Patents (1) 5,873 12,761 Intangible assets, gross 262,229 276,217 Accumulated amortization and impairments Brand (1) (52,356) (42,608) Trademark (5,510) (4,171) Customer relationships (9,150) (7,084) Patents (1) (1,308) (1,344) Accumulated amortization, gross (68,324) (55,207) Intangible assets, net $ 193,905 $ 221,010 (1) Includes impacts of the impairment of the tradename and patents intangible assets, respectively, as discussed below. In the third quarter of 2024, the Company observed the following triggering events for the Company’s held and used long-lived asset groups: • A sustained decline in the share price of the Company’s Class A common stock as of September 30, 2024; and • Underperformance of the IcyBreeze reporting unit for the third quarter and year to date period ended September 30, 2024; As a result of the identified triggering events, the Company performed a recoverability test for the identified long-lived asset groups, and the results of the test indicated that the carrying amounts for the long-lived asset groups of IcyBreeze were not expected to be recovered. The Company estimated the fair value of the asset group of IcyBreeze and wrote down the intangible assets to their estimated fair value, resulting in nominal value assigned to the existing intangible asset(s). See Note 2, Restructuring, Contract Termination and Impairment Charges for impairment considerations as they relate to the property and equipment, net of IcyBreeze. The Company recorded an aggregate $13.3 million impairment charge to the intangible assets of IcyBreeze as of September 30, 2024. As a result of this impairment charge, the Company also reassessed the useful life of the intangible assets of IcyBreeze. As of September 30, 2024, $0.9 million of value continued to be attributable to the patent intangible asset of IcyBreeze, for which the Company expects to continue to obtain value over its remaining useful life. As such, the remaining useful life of the patent intangible asset was not revised. The impact of the impairment does not have a material impact to amortization expense in any future year. Amortization expense was $4.9 million and $14.8 million for the three and nine months ended September 30, 2024, compared to $5.7 million and $16.3 million for the three and nine months ended September 30, 2023. Amortization expense is recorded to depreciation and amortization expenses on the consolidated statements of operations and comprehensive income (loss) (unaudited).

Goodwill

Goodwill	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Goodwill Balance, December 31, 2023 $ 169,648 Impairment losses (44,852) Balance, September 30, 2024 $ 124,796 In the third quarter of 2024, the Company identified goodwill impairment indicators indicating the fair value of one or more of our reporting units more likely than not did not exceed their carrying values. As a result of the goodwill impairment indicators noted above in Note 6, Intangible Assets, Net, the Company determined it appropriate to perform an interim quantitative goodwill impairment test for all of its reporting units as of September 30, 2024. For the quantitative goodwill impairment analysis performed as of September 30, 2024, the Company estimated the fair value of the reporting units using a weighting of fair values derived from the income and market approaches, where comparable market data was available. Under the income approach, the Company determined the fair value of a reporting unit based on the present value of estimated future cash flows. Cash flow projections were based on management’s estimates of revenue growth rates and operating margins, EBITDA margins, consideration of industry and market conditions, terminal growth rates and management’s estimates of working capital requirements. The discount rate for each reporting unit was based on a weighted average cost of capital adjusted for the relevant risk associated with the characteristics of each reporting unit and its estimated cash flows, which ranged from 17.0% to 19.5%. Under the market approach, the Company utilized a combination of methods, including estimates of fair value based on market multiples of revenue and earnings derived from comparable publicly-traded companies with similar operating and investment characteristics as the reporting unit. As a result of the quantitative goodwill impairment test performed as of September 30, 2024, the Company determined that the carrying amounts of the IcyBreeze and Solo Stove reporting units exceeded their respective fair values and a goodwill impairment charge was recognized. The Chubbies reporting unit was determined to have a fair value exceeding its book value by more than 5%. Goodwill at the remaining reporting units of the Company were fully impaired as of December 31, 2023. The following table presents the goodwill impairment charges and remaining goodwill by reporting unit, as of September 30, 2024: Reporting Unit Impairment Charge ($) Remaining Goodwill ($) Solo Stove 25,000 51,677 Chubbies — 73,119 IcyBreeze 19,852 — The impairment charge was recorded to restructuring, contract termination and impairment charges on the consolidated statements of operations and comprehensive income (loss) (unaudited). The future occurrence of a potential indicator of impairment could include matters such as: a decrease in expected net earnings, a further decline in equity market conditions, a decline in comparable market multiples, a continued and sustained decline in our common stock price, and a significant downturn in demand for our products. In the event of significant adverse changes of the nature described above, it may be necessary for us to recognize a non-cash impairment of goodwill, which could have a material adverse effect on our consolidated business, results of operations and financial condition. Based on the results of the quantitative interim goodwill impairment test, the calculated fair value of the Chubbies reporting unit exceeded its book value by less than 10%. Therefore, a 150 basis point (“BPS”) increase in the discount rate, a 175 BPS decrease in the EBITDA margin or a 400 BPS decrease in revenue growth would indicate a potential hypothetical impairment charge for this reporting unit for the amounts reflected in the chart below. Chubbies Goodwill as of September 30, 2024 $ 73,119 Sensitivity analysis, approximate hypothetical impairment charge: Discount rate increase of 150 BPS $ (1,383) EBITDA margin decrease of 175 BPS (1,383) Revenue growth rate decrease of 400 BPS (383)

Accrued Expenses and Other Curr

Accrued Expenses and Other Current Liabilities	9 Months Ended
	Sep. 30, 2024
Payables and Accruals [Abstract]
Accrued Expenses and Other Current Liabilities	Accrued Expenses and Other Current Liabilities Significant accrued expenses and other current liabilities were as follows: September 30, 2024 December 31, 2023 Inventory (1) $ 9,505 $ 14,780 Leases 8,363 7,575 Marketing 5,434 5,936 Payroll 2,856 6,451 Allowance for sales returns 2,734 3,316 Allowance for sales rebates 2,484 3,074 Non-income taxes 2,019 5,374 Shipping costs 515 3,747 Income taxes 395 2,782 Other 2,599 2,120 Accrued expenses and other current liabilities $ 36,904 $ 55,155 (1) The inventory line item decreased by $5.3 million as a result of invoices received subsequent to December 31, 2023. The timing differences resulting in the late receipt of invoices as of December 31, 2023 has not recurred in subsequent periods.

Long-Term Debt, Net

Long-Term Debt, Net	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Long-Term Debt, Net	Long-Term Debt, Net Long-term debt, net consisted of the following: Weighted-Average Interest Rate at September 30, 2024 September 30, 2024 December 31, 2023 Term loan 7.14 % $ 87,500 $ 91,250 Revolving credit facility 7.15 % 75,000 60,000 Unamortized debt issuance costs (1,362) (2,007) Total debt, net of debt issuance costs 161,138 149,243 Less: current portion of long-term debt 10,000 6,250 Long-term debt, net $ 151,138 $ 142,993 Long-term debt, net approximates fair value and is valued using Level 2 inputs within the fair value hierarchy, as defined in Note 2 - Significant Accounting Policies, in the 2023 Form 10-K. See Note 12, Fair Value Measurements of this Quarterly Report for more information regarding the fair value considerations for long-term debt, net. Interest expense was $3.7 million and $10.4 million for the three and nine months ended September 30, 2024, respectively, and $2.8 million and $7.5 million for the corresponding periods in 2023, respectively. During the nine months ended September 30, 2024, the Company made draws of $40.0 million and payments of $25.0 million under the Revolving Credit Facility. Availability for future draws on the Revolving Credit Facility was $274.4 million, net of $0.6 million of letters of credit issued and outstanding, and $289.4 million as of September 30, 2024 and December 31, 2023, respectively. The Company was in compliance with all covenants under all credit arrangements as of September 30, 2024. As of September 30, 2024, the future maturities of principal amounts of our total debt obligations, excluding finance lease obligations, through maturity and in total, consists of the following: Years Ending December 31, Amount 2024 (remaining three months) $ 2,500 2025 10,625 2026 149,375 Total $ 162,500

Equity-Based Compensation

Equity-Based Compensation	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Equity-Based Compensation	Equity-Based Compensation Equity-based compensation expense totaled approximately $1.9 million and $4.7 million for the three and nine months ended September 30, 2024, respectively, and $5.0 million and $14.8 million for the corresponding periods in 2023, respectively. Our stock options have contractual terms of four to ten years and become exercisable over a three-year period. Expense related to stock options is recognized on a straight-line basis over the vesting period. Expense related to restricted stock units ("RSUs") issued to eligible employees under the Solo Brands, Inc. 2021 Incentive Award Plan (the “Incentive Award Plan”) is recognized over the vesting period, generally between three years and four years. Expense related to RSUs granted to non-employee directors under the Incentive Award Plan is recognized on a straight-line basis over the vesting period, with newly appointed non-employee directors grants and grants to continuing non-employee directors vesting over a one-year period, while historically newly appointed non-employee directors grants vested over a three-year period. Expense related to performance stock units (“PSUs”) is recognized on a straight-line basis from their award date to the end of the performance period, generally two years. Expense related to special performance stock units (“SPSUs”) is recognized on a straight-line basis from their award date to the end of the requisite service period of three years. Expense related to the Executive Performance Stock Units (“EPSUs”) is recognized over the derived service period. The following table summarizes equity-based compensation awards granted during the nine months ended September 30, 2024: (In thousands, except per unit data) Number of Shares Granted Weighted Average Grant-Date Fair Value per Award RSUs 2,764 $ 2.10 EPSUs 1,468 $ 2.36 SPSUs 1,001 $ 1.23 Executive Performance Stock Units In January 2024, the Company granted EPSUs to the Chief Executive Officer (“CEO”) under the Incentive Award Plan. The EPSUs are unfunded, unsecured rights to receive, if the Company achieves certain stock price targets (measured as a volume-weighted stock price over 100 consecutive trading days) at any time until the three and half year anniversary of the grant date and the grantee remains an employee of the Company, shares of our Class A common stock or an amount in cash of equal fair market value of a share on the day immediately preceding the settlement date. As the EPSUs contain a market condition, the Company will recognize the full amount of compensation expense regardless of if the stock price targets are achieved, but only as long as the grantee remains an employee of the Company. In connection with the grant of SPSUs in April 2024, the Company modified the EPSUs previously granted to increase the number of awards granted, lower the stock price targets and change the number of days used for the volume-weighted stock price measure to 30 consecutive trading days. The EPSUs are divided into four tranches. The fair value of the EPSUs granted in the nine months ended September 30, 2024 was derived using a Monte Carlo simulation. It was determined that mid-points between $1.99 to $2.17 for the pre-modification awards and $2.23 to $2.66 post-modification were the most reasonable estimate of grant date fair value for each of the four tranches. The grant date fair values of the EPSUs are a non-recurring measurement and are considered a level 3 estimate. See Note 2 - Significant Accounting Policies within the annual consolidated financial statements in the Company’s 2023 Form 10-K for additional information about the fair value framework and the levels within. Additionally, due to the full vesting of the awards upon achievement of the stock price target and continued employment, or within 180 days of termination without cause or Good Reason (as defined within the employment agreement filed as Exhibit 10.36 to the 2023 Form 10-K), the period over which compensation expense will be recognized was derived through the same Monte Carlo simulations. The table below contains the derived service periods over which compensation expense will be recognized for each of the four tranches of EPSUs: EPSUs’ Vesting Tranche Pre-Modification Derived Service Period Post-Modification Derived Service Period First Vesting Tranche 1.37 years 1.16 years Second Vesting Tranche 1.43 years 1.48 years Third Vesting Tranche 1.48 years 1.70 years Fourth Vesting Tranche 1.58 years 1.79 years In the event the Company incurs a Change in Control (as defined in the Incentive Award Plan), any previously unvested EPSUs will vest based on the price per share received by or payable with respect to the common stockholders in connection with the transaction, pro-rated to reflect a price per share that falls between two stock price goals. EPSUs that remain unvested as of the expiration date or upon the employee’s termination will be automatically forfeited and terminated without consideration. Special Performance Stock Units In April 2024, the Company granted SPSUs under the Incentive Award Plan. The SPSUs are unfunded, unsecured rights to receive, if the Company achieves certain stock price targets (measured as a volume-weighted stock price over 30 consecutive trading days) at any time until the three year anniversary of the grant date and the grantee remains an employee of the Company, shares of our Class A common stock or an amount in cash of equal fair market value of a share on the day immediately preceding the settlement date. As the SPSUs contain a market condition, the Company will recognize the full amount of compensation expense regardless of if the stock price targets are achieved, but only as long as the grantee remains an employee of the Company. The SPSUs are divided into three tranches. The fair value of the SPSUs granted in the nine months ended September 30, 2024 were derived using a Monte Carlo simulation. It was determined that mid-points between $1.07 to $1.43 were the most reasonable estimate of grant date fair value for each of the three tranches. The grant date fair values of the SPSUs are a non-recurring measurement and are considered a level 3 estimate. The SPSUs have a requisite service period of three years over which compensation expense will be recognized.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Provision for Income Taxes The Company is subject to U.S. federal, state, and local income taxes on the Company's allocable share of taxable income of Solo Stove Holdings, LLC (“Holdings”). The subsidiaries of Holdings are also subject to income taxes in the foreign jurisdictions in which they operate. We are the sole managing member of Holdings, and as a result, consolidate the financial results of Holdings. Holdings is treated as a partnership for U.S. federal and most applicable state and local income tax purposes. As a partnership, Holdings is generally not subject to U.S. federal and certain state and local income taxes. Instead, taxable income or loss is allocated to its members on a pro rata basis. We are subject to U.S. federal income taxes, in addition to state and local income taxes with respect to our allocable share of any taxable income or loss of Holdings, as well as any stand-alone income or loss generated by Solo Brands, Inc. Correspondingly, our forecasted annual effective tax rate (“AETR”) was 6.4% as of September 30, 2024. The effective income tax rate was 5.8% and 5.7% for the three and nine months ended September 30, 2024, compared to 199.2% and (26.7)% for the corresponding periods in 2023. The decrease for the three months ended September 30, 2024 was primarily driven by the tax benefits of losses generated from restructuring, contract termination and impairment charges (see Note 2, Restructuring, Contract Termination and Impairment Charges for more information) in the current year period, offset by a partial valuation allowance and the portion of the tax benefit attributable to noncontrolling interest holders. The increase for the nine months ended September 30, 2024 was primarily attributable to the net release of the Company’s valuation allowance in the prior year period. The weighted-average ownership interest in Holdings was 63.8% for both the three and nine months ended September 30, 2024, respectively, and 63.8% and 64.8% for the three and nine months ended September 30, 2023. Deferred Tax Assets and Liabilities As of September 30, 2024, the total deferred tax liability related to the basis difference in the Company's investment in Holdings was nominal. The total net basis difference currently recorded would reverse upon the eventual sale of its interest in Holdings as a capital gain. During the three and nine months ended September 30, 2024, the Company did not recognize any deferred tax assets related to additional tax basis increases generated from expected future payments under the Tax Receivable Agreement, as defined in Note 15 - Income Taxes, to the audited consolidated financial statements included in our 2023 Form 10-K.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The Company has established a fair value hierarchy which prioritizes the inputs to the valuation techniques used to measure fair value into three levels. These levels are determined based on the lowest level input that is significant to the fair value measurement. Levels within the hierarchy are defined within Note 2 - Significant Accounting Policies, in the 2023 Form 10-K. The following tables present information about the Company’s assets and liabilities measured at fair value on a recurring basis: Fair Value Measurements September 30, 2024 Total Fair Value Level 1 Level 2 Level 3 Financial liabilities: Long-term debt, net $ 151,138 $ — $ 151,138 $ — Contingent Consideration $ 7,515 $ — $ — $ 7,515 Fair Value Measurements December 31, 2023 Total Fair Value Level 1 Level 2 Level 3 Financial liabilities: Long-term debt, net $ 142,993 $ — $ 142,993 $ — Contingent Consideration $ 5,794 $ — $ — $ 5,794 There were no transfers between the valuation hierarchy Levels 1, 2 and 3 for three and nine months ended September 30, 2024 and year ended December 31, 2023. Liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3): September 30, 2024 Contingent Consideration Beginning balance (December 31, 2023) $ 5,794 Total change in fair value (gain) loss included in earnings 1,721 Additions 3,000 Payments (3,000) Ending Balance $ 7,515 The contingent consideration related to our TerraFlame reporting unit as of September 30, 2024 consists of a post-closing payment, resulting from acquisition activity in 2023 and relies on forecasted results through the expected post-closing payment period. The fair value of the post-closing payment is valued using a threshold and cap (capped call) structure. This contingent considerations represents a stand-alone liability that is measured at fair value on a recurring basis each reporting date using inputs that are unobservable and significant to the overall fair value measurement and are considered a level 3 estimate. The contingent consideration liability is recorded in other non-current liabilities on the consolidated balance sheets. Changes in fair value of contingent consideration are recorded in selling, general and administrative expenses on the consolidated statements of operations and comprehensive income (loss) (unaudited). On August 22, 2024, the Company and the selling parties of TerraFlame executed an amendment to the Equity Purchase Agreement, as defined in Part I, Item 8. “Financial Statements and Supplementary Data” in the 2023 Form 10-K, modifying specific terms related to the achievement of the contingent consideration thresholds, resulting in an increase in fair value and payment of $3.0 million of the 2023 Earnout, which was paid upon execution of the amendment and recorded in selling, general and administrative expenses. In addition, the post-closing payment terms were amended to provide additional earnout calculation dates to the previously defined post-closing payments. This amendment resulted in the revision of the fair value of the post-closing payment contingent consideration, using the same threshold and cap (capped call) structure as employed for the prior valuations, with the total change in fair value (gain) loss of $1.7 million included in the applicable financial statements as of September 30, 2024. During the third quarter of 2024, the Company recorded impairment charges of $44.9 million and $13.3 million for goodwill and intangible assets, net, respectively. Indicators of value from income and market approaches, where comparable market data is available, were the basis for the determination of the fair values, which include Level 3 inputs. See Note 6, Intangible Assets, Net and Note 7, Goodwill, for additional discussions of the Company's impairment analyses. There were no other material nonrecurring fair value measurements during the periods ended September 30, 2024 and December 31, 2023. The Company’s financial instruments consist primarily of cash, accounts receivable, accounts payable, contingent consideration and bank indebtedness. The carrying amount of cash, accounts receivable, and accounts payable, approximates fair value due to the short-term maturity of these instruments.

Variable Interest Entities

Variable Interest Entities	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Variable Interest Entities	Variable Interest Entities As of September 30, 2024 and December 31, 2023, we consolidated one entity that is a VIE, that relates to a manufacturing entity for Oru, for which we are the primary beneficiary. Through a management agreement governing the entity, we manage the entity and handle all day-to-day operating decisions. Accordingly, we have the decision-making power over the activities that most significantly impact the economic performance of our VIE and an obligation to absorb losses or receive benefits from the VIE that could potentially be significant to the VIE. These decisions and significant activities include, but are not limited to, manufacturing schedules, production processes, units of production and types of products. The Company is contractually obligated to provide financial support to the VIE. Total assets of the VIE included on the consolidated balance sheet as of September 30, 2024 and December 31, 2023 were $2.4 million and $3.7 million, respectively. Total liabilities of the VIE included on the consolidated balance sheets as of September 30, 2024 and December 31, 2023 were $2.8 million and $3.9 million, respectively. The VIE’s assets may only be used to settle the VIE’s obligations and may not be used for other consolidated entities. The VIE’s liabilities are non-recourse to the general credit of the Company’s other consolidated entities.

Net Income (Loss) Per Share

Net Income (Loss) Per Share	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Net Income (Loss) Per Share	Net Income (Loss) Per Share 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 following table sets forth the calculation of the basic and diluted net income (loss) per share for the Company’s Class A common stock: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Net income (loss) $ (111,453) $ 3,083 $ (121,974) $ 15,530 Less: Net income (loss) attributable to non-controlling interests (41,589) (1,045) (45,597) 3,054 Net income (loss) attributable to Solo Brands, Inc. $ (69,864) $ 4,128 $ (76,377) $ 12,476 Weighted average shares of Class A common stock outstanding - basic 58,545 57,883 58,303 61,370 Effect of dilutive securities — 485 — 211 Weighted average shares of Class A common stock outstanding - diluted 58,545 58,368 58,303 61,581 Net income (loss) per share of Class A common stock outstanding - basic $ (1.19) $ 0.07 $ (1.31) $ 0.20 Net income (loss) per share of Class A common stock outstanding - diluted $ (1.19) $ 0.07 $ (1.31) $ 0.20 During the three months ended September 30, 2024 and 2023, 0.1 million and 0.2 million options and 1.3 million and 0.4 million 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. During the nine months ended September 30, 2024 and 2023, 0.1 million and 0.3 million options and 2.0 million and 0.3 million 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. The shares of Class B common stock and the granted PSUs are subject to a contingency that is not based on the Company’s share price or the price of the convertible instrument, as disclosed in Note 14 - Equity-Based Compensation, in the 2023 Form 10-K. As such, contingently convertible shares where conversion is not tied to a market price trigger or price of the convertible instrument are excluded from the calculation of diluted EPS until such time as the contingency has been resolved under the if-converted method. Additionally, the Company has issued EPSUs that contain a market condition and vest immediately upon satisfaction of said market condition. As a result of the immediate vesting feature, the EPSUs will in all cases be neither dilutive nor anti-dilutive. Similar to the EPSUs, the SPSUs contain a market condition. However, the SPSUs do not contain an immediate vesting feature, with vesting achieved over the requisite service period of three years. As such, the SPSUs, upon achievement of the market condition, will be considered for dilution or anti-dilution through the remainder of the vesting period. Until such time that the market condition is achieved, the SPSUs are considered neither dilutive nor anti-dilutive. As of September 30, 2024, no shares of the Class B common stock, EPSUs or SPSUs were considered dilutive or anti-dilutive.

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The unaudited consolidated financial statements contained herein have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) and the rules of the SEC. Accordingly, these unaudited consolidated financial statements do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring adjustments) necessary for a fair statement of the results of operations, financial position and cash flows for the periods presented have been reflected. The unaudited consolidated financial statements include those of our wholly-owned and majority-owned subsidiaries and the entity consolidated under the variable interest entity model. Intercompany balances and transactions are eliminated in consolidation. These unaudited consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements included in the 2023 Form 10-K. Certain prior period amounts have been conformed to the current period’s presentation.
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses during the reporting period and disclosure of contingent assets and liabilities at the date of the consolidated financial statements. Estimates and assumptions about future events and their effects cannot be made with certainty. Estimates may change as new events occur when additional information becomes available and if the operating environment changes. Actual results could differ from estimates.
Restructuring, Contract Termination and Impairment Charges	Restructuring, Contract Termination and Impairment Charges Restructuring, contract termination and impairment charges are primarily comprised of severance and employee-related benefits, contract termination fees and asset impairment charges. We recognize employee severance costs as a liability at estimated fair value, at the time of communication to employees, unless future service is required, in which case the costs are recognized ratably over the future service period. Contract termination fees include costs incurred to terminate a contract and the impacts to related assets or liabilities associated with these contracts. Asset impairment charges include impairments of long-lived assets and goodwill, as addressed in Note 2 - Significant Accounting Policies, in the 2023 Form 10-K. Restructuring, contract termination and asset impairment activities are recognized when they are incurred and included in restructuring, contract termination and impairment charges on the consolidated statements of operations and comprehensive income (loss).
Commitments and Contingencies	Commitments and Contingencies From time to time, the Company is involved in various legal proceedings that arise in the normal course of business. While the Company intends to prosecute and defend any lawsuit vigorously, the Company presently believes that the ultimate outcome of any currently pending legal proceeding will not have any material adverse effect on its financial position, cash flows, or results of operations. However, litigation is subject to inherent uncertainties and unfavorable rulings could occur. An unfavorable ruling could include monetary damages, which could impact the Company’s business and the results of operations for the period in which the ruling occurs or future periods. Based on the information available, the Company evaluates the likelihood of potential outcomes. The Company records the appropriate liability when the amount is deemed probable and reasonably estimable. In addition, the Company does not accrue for estimated legal fees and other directly related costs because they are expensed as incurred. The Company is not currently a party to any pending litigation that it considers material. Therefore, the consolidated balance sheets do not include a liability for any potential obligations as of September 30, 2024 and December 31, 2023.
Recently Adopted Accounting Pronouncements, Recently Issued Accounting Pronouncements - Not Yet Adopted	Recently Adopted Accounting Pronouncements In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. The ASU requires that an acquirer recognize and measure contract assets and liabilities acquired in a business combination in accordance with ASU 2014-09, Revenue from Contracts with Customers (Topic 606) in order to align the recognition of a contract liability with the definition of a performance obligation. We adopted ASU 2021-08 in the first quarter of 2024 and for all periods subsequent to adoption, will recognize and measure contract assets and liabilities acquired in a business combination in accordance with Topic 606, for which recognition and measurement would have occurred under Topic 805 prior to adoption. Recently Issued Accounting Pronouncements - Not Yet Adopted In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The ASU amended the existing segment reporting requirements by requiring disclosure of the significant segment expenses based on how management internally views segment information and by allowing the disclosure of more than one measure of segment profit or loss, as well as by expanding the interim period segment requirements. The ASU also requires single-reportable segment entities to report the disclosures required under Topic 280. The guidance is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. The adoption of this standard is not expected to have a material impact on the Company’s consolidated financial statements, but will require certain additional disclosures when adopted in the Company’s 2024 Form 10-K. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, that requires presentation of specific categories of reconciling items, as well as reconciling items that meet a quantitative threshold, in the reconciliation between the income tax provision and the income tax provision using statutory tax rates. The ASU also requires disclosure of income taxes paid disaggregated by jurisdiction with separate disclosure of income taxes paid to individual jurisdictions that meet a quantitative threshold. The amendments in this accounting standard are effective for fiscal years beginning after December 15, 2024, on a prospective basis. Early adoption and retrospective application are permitted. The adoption of this standard is not expected to have a material impact on the Company’s consolidated financial statements, but will require certain additional disclosures.

Restructuring, Contract Termi_2

Restructuring, Contract Termination and Impairment Charges (Tables)	9 Months Ended
	Sep. 30, 2024
Restructuring and Related Activities [Abstract]
Schedule of Restructuring, Contract Termination and Impairment Charges	The components of the restructuring, contract termination and impairment charges, inclusive of the $25.0 million goodwill impairment charge recognized at the Solo Stove reporting unit as discussed in Note 7, Goodwill, are as follows: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2024 2023 2024 2023 Restructuring charges 580 — 580 — Impairment charges 68,216 — 68,216 — Contract termination 14,822 4,317 14,822 4,317 Total restructuring, contract termination and impairment charges 83,618 4,317 83,618 4,317

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Net Sales	The following table disaggregates net sales by channel: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Net sales by channel Direct-to-consumer $ 64,480 $ 76,337 $ 214,293 $ 230,737 Retail 29,659 33,987 96,720 98,721 Net sales $ 94,139 $ 110,324 $ 311,013 $ 329,458 (1) Retail sales were previously referred to as wholesale sales. Retail sales and associated business results from such retail sales have been reflected as retail in this Quarterly Report and will be reflected as such in subsequent filings of the Company with the SEC.

Inventory (Tables)

Inventory (Tables)	9 Months Ended
	Sep. 30, 2024
Inventory Disclosure [Abstract]
Schedule of Inventory	Inventory consisted of the following: September 30, 2024 December 31, 2023 Finished products on hand $ 72,140 $ 83,755 Finished products in transit 27,795 21,488 Raw materials 6,865 6,370 Inventory $ 106,800 $ 111,613

Prepaid Expenses and Other Cu_2

Prepaid Expenses and Other Current Assets (Tables)	9 Months Ended
	Sep. 30, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Prepaid Expenses and Other Current Assets	Prepaid expenses and other current assets consisted of the following: September 30, 2024 December 31, 2023 Tax receivables $ 6,400 $ 2,619 Non-trade receivables (1) 2,385 8,128 Prepaid marketing 3,124 340 Inventory deposits 1,014 4,961 Insurance 326 1,996 Other 1,674 3,849 Prepaid expenses and other current assets $ 14,923 $ 21,893 (1) The non-trade receivables line item decreased by $5.4 million as a result of the termination of underperforming agreements with marketing barter partners subsequent to December 31, 2023.

Intangible Assets, Net (Tables)

Intangible Assets, Net (Tables)	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets	Intangible assets consisted of the following: September 30, 2024 December 31, 2023 Gross carrying value Brand (1) $ 198,514 $ 205,614 Trademark 26,714 26,714 Customer relationships 31,128 31,128 Patents (1) 5,873 12,761 Intangible assets, gross 262,229 276,217 Accumulated amortization and impairments Brand (1) (52,356) (42,608) Trademark (5,510) (4,171) Customer relationships (9,150) (7,084) Patents (1) (1,308) (1,344) Accumulated amortization, gross (68,324) (55,207) Intangible assets, net $ 193,905 $ 221,010 (1) Includes impacts of the impairment of the tradename and patents intangible assets, respectively, as discussed below.

Goodwill (Tables)

Goodwill (Tables)	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of the Carrying Value of Goodwill	Balance, December 31, 2023 $ 169,648 Impairment losses (44,852) Balance, September 30, 2024 $ 124,796 Reporting Unit Impairment Charge ($) Remaining Goodwill ($) Solo Stove 25,000 51,677 Chubbies — 73,119 IcyBreeze 19,852 —
Schedule of Goodwill Impairment Analysis	Chubbies Goodwill as of September 30, 2024 $ 73,119 Sensitivity analysis, approximate hypothetical impairment charge: Discount rate increase of 150 BPS $ (1,383) EBITDA margin decrease of 175 BPS (1,383) Revenue growth rate decrease of 400 BPS (383)

Accrued Expenses and Other Cu_2

Accrued Expenses and Other Current Liabilities (Tables)	9 Months Ended
	Sep. 30, 2024
Payables and Accruals [Abstract]
Schedule of Accrued Expenses and Other Current Liabilities	Significant accrued expenses and other current liabilities were as follows: September 30, 2024 December 31, 2023 Inventory (1) $ 9,505 $ 14,780 Leases 8,363 7,575 Marketing 5,434 5,936 Payroll 2,856 6,451 Allowance for sales returns 2,734 3,316 Allowance for sales rebates 2,484 3,074 Non-income taxes 2,019 5,374 Shipping costs 515 3,747 Income taxes 395 2,782 Other 2,599 2,120 Accrued expenses and other current liabilities $ 36,904 $ 55,155 (1) The inventory line item decreased by $5.3 million as a result of invoices received subsequent to December 31, 2023. The timing differences resulting in the late receipt of invoices as of December 31, 2023 has not recurred in subsequent periods.

Long-Term Debt, Net (Tables)

Long-Term Debt, Net (Tables)	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Schedule of Long-term Debt	Long-term debt, net consisted of the following: Weighted-Average Interest Rate at September 30, 2024 September 30, 2024 December 31, 2023 Term loan 7.14 % $ 87,500 $ 91,250 Revolving credit facility 7.15 % 75,000 60,000 Unamortized debt issuance costs (1,362) (2,007) Total debt, net of debt issuance costs 161,138 149,243 Less: current portion of long-term debt 10,000 6,250 Long-term debt, net $ 151,138 $ 142,993
Schedule of Future Maturities of Principal Amounts of Total Debt Obligations	As of September 30, 2024, the future maturities of principal amounts of our total debt obligations, excluding finance lease obligations, through maturity and in total, consists of the following: Years Ending December 31, Amount 2024 (remaining three months) $ 2,500 2025 10,625 2026 149,375 Total $ 162,500

Equity-Based Compensation (Tabl

Equity-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Equity-based Compensation Awards and Service Periods	The following table summarizes equity-based compensation awards granted during the nine months ended September 30, 2024: (In thousands, except per unit data) Number of Shares Granted Weighted Average Grant-Date Fair Value per Award RSUs 2,764 $ 2.10 EPSUs 1,468 $ 2.36 SPSUs 1,001 $ 1.23 The table below contains the derived service periods over which compensation expense will be recognized for each of the four tranches of EPSUs: EPSUs’ Vesting Tranche Pre-Modification Derived Service Period Post-Modification Derived Service Period First Vesting Tranche 1.37 years 1.16 years Second Vesting Tranche 1.43 years 1.48 years Third Vesting Tranche 1.48 years 1.70 years Fourth Vesting Tranche 1.58 years 1.79 years

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis	The following tables present information about the Company’s assets and liabilities measured at fair value on a recurring basis: Fair Value Measurements September 30, 2024 Total Fair Value Level 1 Level 2 Level 3 Financial liabilities: Long-term debt, net $ 151,138 $ — $ 151,138 $ — Contingent Consideration $ 7,515 $ — $ — $ 7,515 Fair Value Measurements December 31, 2023 Total Fair Value Level 1 Level 2 Level 3 Financial liabilities: Long-term debt, net $ 142,993 $ — $ 142,993 $ — Contingent Consideration $ 5,794 $ — $ — $ 5,794
Schedule of Liabilities Measured on a Recurring Basis using Significant Unobservable Inputs	Liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3): September 30, 2024 Contingent Consideration Beginning balance (December 31, 2023) $ 5,794 Total change in fair value (gain) loss included in earnings 1,721 Additions 3,000 Payments (3,000) Ending Balance $ 7,515

Net Income (Loss) Per Share (Ta

Net Income (Loss) Per Share (Tables)	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Net Income (Loss) Per Share and Weighted-Average Common Shares Outstanding	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: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Net income (loss) $ (111,453) $ 3,083 $ (121,974) $ 15,530 Less: Net income (loss) attributable to non-controlling interests (41,589) (1,045) (45,597) 3,054 Net income (loss) attributable to Solo Brands, Inc. $ (69,864) $ 4,128 $ (76,377) $ 12,476 Weighted average shares of Class A common stock outstanding - basic 58,545 57,883 58,303 61,370 Effect of dilutive securities — 485 — 211 Weighted average shares of Class A common stock outstanding - diluted 58,545 58,368 58,303 61,581 Net income (loss) per share of Class A common stock outstanding - basic $ (1.19) $ 0.07 $ (1.31) $ 0.20 Net income (loss) per share of Class A common stock outstanding - diluted $ (1.19) $ 0.07 $ (1.31) $ 0.20

Significant Accounting Polici_3

Significant Accounting Policies (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Accounting Policies [Abstract]
Inventory Write-down	$ 18.4	$ 2

Restructuring, Contract Termi_3

Restructuring, Contract Termination and Impairment Charges - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 580	$ 0	$ 580	$ 0
Decrease in prepaid marketing			(807)	$ (4,995)
Impairment of finite-lived intangible assets			13,300
IcyBreeze
Restructuring Cost and Reserve [Line Items]
Impairment charge	19,852		19,852
Impairment of finite-lived intangible assets			13,300
Impairment charges on intangible assets			2,900
Assets disposed of by method other than sale, in period of disposition, loss on disposition			55,000
Solo Stove
Restructuring Cost and Reserve [Line Items]
Impairment charge	25,000		25,000
Employee Severance And Other Charges
Restructuring Cost and Reserve [Line Items]
Restructuring charges			600
Contract Termination
Restructuring Cost and Reserve [Line Items]
Decrease in trade credits			7,200
Marketing Contract Terminations | IcyBreeze
Restructuring Cost and Reserve [Line Items]
Restructuring charges			200
Write Down and Disposition of Inventory | IcyBreeze
Restructuring Cost and Reserve [Line Items]
Restructuring charges	18,700
Marketing Agreements | Contract Termination
Restructuring Cost and Reserve [Line Items]
Purchase obligation, to be paid, year one					$ 30,000
Purchase obligation, to be paid, after year one					67,500
Accounts payable	9,000		9,000
Decrease in prepaid marketing			$ 5,400
Loss on contract termination	$ 21,600
Marketing Agreements | Minimum | Contract Termination
Restructuring Cost and Reserve [Line Items]
Purchase obligation, to be paid, year one					10,300
Purchase obligation, to be paid, after year one					$ 16,200

Restructuring, Contract Termi_4

Restructuring, Contract Termination and Impairment Charges - Schedule of Restructuring, Contract Termination and Impairment Charges (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Restructuring and Related Activities [Abstract]
Restructuring charges	$ 580	$ 0	$ 580	$ 0
Impairment charges	68,216	0	68,216	0
Contract termination	14,822	4,317	14,822	4,317
Total restructuring, contract termination and impairment charges	$ 83,618	$ 4,317	$ 83,618	$ 4,317

Revenue (Details)

Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Disaggregation of Revenue [Line Items]
Net sales	$ 94,139	$ 110,324	$ 311,013	$ 329,458
Direct-to-consumer
Disaggregation of Revenue [Line Items]
Net sales	64,480	76,337	214,293	230,737
Retail
Disaggregation of Revenue [Line Items]
Net sales	$ 29,659	$ 33,987	$ 96,720	$ 98,721

Inventory - Schedule of Invento

Inventory - Schedule of Inventory (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Finished products on hand	$ 72,140	$ 83,755
Finished products in transit	27,795	21,488
Raw materials	6,865	6,370
Inventory	$ 106,800	$ 111,613

Inventory - Narrative (Details)

Inventory - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Inventory [Line Items]
Inventory write-down			$ 18,400		$ 2,000
Restructuring charges	$ 580	$ 0	$ 580	$ 0

Prepaid Expenses and Other Cu_3

Prepaid Expenses and Other Current Assets - Schedule of Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Tax receivables	$ 6,400	$ 2,619
Non-trade receivables	2,385	8,128
Prepaid marketing	3,124	340
Inventory deposits	1,014	4,961
Insurance	326	1,996
Other	1,674	3,849
Prepaid expenses and other current assets	14,923	$ 21,893
Decrease in non-trade receivables	$ 5,400

Prepaid Expenses and Other Cu_4

Prepaid Expenses and Other Current Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024	Sep. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid marketing charges	$ 1,900	$ 1,871	$ 0

Intangible Assets, Net - Schedu

Intangible Assets, Net - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	$ 262,229	$ 276,217
Accumulated amortization, gross	(68,324)	(55,207)
Intangible assets, net	193,905	221,010
Brand
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	198,514	205,614
Accumulated amortization, gross	(52,356)	(42,608)
Trademark
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	26,714	26,714
Accumulated amortization, gross	(5,510)	(4,171)
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	31,128	31,128
Accumulated amortization, gross	(9,150)	(7,084)
Patents
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	5,873	12,761
Accumulated amortization, gross	$ (1,308)	$ (1,344)

Intangible Assets, Net - Narrat

Intangible Assets, Net - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Impairment of finite-lived intangible assets			$ 13,300
Intangible assets, net	$ 193,905		193,905		$ 221,010
Depreciation and amortization	4,900	$ 5,700	14,800	$ 16,300
IcyBreeze | Patents
Finite-Lived Intangible Assets [Line Items]
Intangible assets, net	$ 900		$ 900

Goodwill - Schedule of the Carr

Goodwill - Schedule of the Carrying Value of Goodwill (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 169,648
Impairment losses	(44,852)
Goodwill, ending balance	$ 124,796

Goodwill - Narrative (Details)

Goodwill - Narrative (Details)	Sep. 30, 2024
Measurement Input, Discount Rate | Chubbies
Goodwill [Line Items]
Goodwill, measurement input	150
Measurement Input, EBITDA Multiple | Chubbies
Goodwill [Line Items]
Goodwill, measurement input	175
Measurement Input, Revenue Multiple | Chubbies
Goodwill [Line Items]
Goodwill, measurement input	400
Minimum | Measurement Input, Discount Rate
Goodwill [Line Items]
Goodwill, measurement input	0.170
Maximum | Measurement Input, Discount Rate
Goodwill [Line Items]
Goodwill, measurement input	0.195

Goodwill - Goodwill Impairment

Goodwill - Goodwill Impairment Charges (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Goodwill [Line Items]
Goodwill	$ 124,796	$ 169,648
Solo Stove
Goodwill [Line Items]
Impairment charge	25,000
Goodwill	51,677
Chubbies
Goodwill [Line Items]
Impairment charge	0
Goodwill	73,119
IcyBreeze
Goodwill [Line Items]
Impairment charge	19,852
Goodwill	$ 0

Goodwill - Schedule of Goodwill

Goodwill - Schedule of Goodwill Impairment Analysis (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Goodwill [Line Items]
Goodwill	$ 124,796	$ 169,648
Chubbies
Goodwill [Line Items]
Goodwill	$ 73,119
Measurement Input, Discount Rate | Chubbies
Goodwill [Line Items]
Goodwill, measurement input	150
Sensitivity analysis, approximate hypothetical impairment charge:	$ (1,383)
Measurement Input, EBITDA Multiple | Chubbies
Goodwill [Line Items]
Goodwill, measurement input	175
Sensitivity analysis, approximate hypothetical impairment charge:	$ (1,383)
Measurement Input, Revenue Multiple | Chubbies
Goodwill [Line Items]
Goodwill, measurement input	400
Sensitivity analysis, approximate hypothetical impairment charge:	$ (383)

Accrued Expenses and Other Cu_3

Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Payables and Accruals [Abstract]
Inventory	$ 9,505	$ 14,780
Leases	8,363	7,575
Marketing	5,434	5,936
Payroll	2,856	6,451
Allowance for sales returns	2,734	3,316
Allowance for sales rebates	2,484	3,074
Non-income taxes	2,019	5,374
Shipping costs	515	3,747
Income taxes	395	2,782
Other	2,599	2,120
Accrued expenses and other current liabilities	36,904	$ 55,155
Decrease in accrued inventory	$ 5,300

Long-Term Debt, Net - Schedule

Long-Term Debt, Net - Schedule of Long-term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Total debt, gross	$ 162,500
Unamortized debt issuance costs	(1,362)	$ (2,007)
Total debt, net of debt issuance costs	161,138	149,243
Less: current portion of long-term debt	10,000	6,250
Long-term debt, net	$ 151,138	142,993
Term loan
Debt Instrument [Line Items]
Weighted average interest rate (as a percent)	7.14%
Total debt, gross	$ 87,500	91,250
Revolving credit facility | Revolving credit facility
Debt Instrument [Line Items]
Weighted average interest rate (as a percent)	7.15%
Total debt, gross	$ 75,000	$ 60,000

Long-Term Debt, Net - Narrative

Long-Term Debt, Net - Narratives (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Debt Instrument [Line Items]
Interest expense related to long-term debt	$ 3.7	$ 2.8	$ 10.4	$ 7.5
Revolving credit facility | Revolving credit facility
Debt Instrument [Line Items]
Proceeds from lines of credit			40
Repayments of lines of credit			25
Borrowing capacity available	274.4		274.4		$ 289.4
Letter of Credit | Revolving credit facility
Debt Instrument [Line Items]
Letters of credit issued and outstanding	$ 0.6		$ 0.6

Long-Term Debt, Net - Schedul_2

Long-Term Debt, Net - Schedule of Future Maturities of Principal Amounts of Total Debt Obligations (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Debt Disclosure [Abstract]
2024 (remaining three months)	$ 2,500
2025	10,625
2026	149,375
Total	$ 162,500

Equity-Based Compensation - Nar

Equity-Based Compensation - Narrative (Details) $ / shares in Units, $ in Millions	1 Months Ended		3 Months Ended			6 Months Ended	9 Months Ended
	Apr. 30, 2024	Jan. 31, 2024	Sep. 30, 2024 USD ($)	Mar. 31, 2024 $ / shares	Sep. 30, 2023 USD ($)	Sep. 30, 2024 $ / shares	Sep. 30, 2024 USD ($) tranche $ / shares	Sep. 30, 2023 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation expense | $			$ 1.9		$ 5		$ 4.7	$ 14.8
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)							3 years
RSUs | Newly Appointed Non-Employee Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)							3 years
RSUs | Continuing Non-Employee Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)							1 year
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)							2 years
EPSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of consecutive trading days	30 days	100 days
Award vesting remainder period (in years)		3 years 6 months
Number of tranches | tranche							4
Vesting period upon termination							180 days
SPSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)							3 years
Number of consecutive trading days	30 days
Minimum | Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award contractual term (in years)							4 years
Minimum | RSUs | Eligible Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)							3 years
Minimum | EPSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in dollars per share)				$ 1.99		$ 2.23
Minimum | SPSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in dollars per share)							$ 1.07
Maximum | Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award contractual term (in years)							10 years
Maximum | RSUs | Eligible Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)							4 years
Maximum | EPSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in dollars per share)				$ 2.17		$ 2.66
Maximum | SPSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in dollars per share)							$ 1.43

Equity-Based Compensation - Sch

Equity-Based Compensation - Schedule of RSUs and EPSUs (Details) shares in Thousands	9 Months Ended
	Sep. 30, 2024 $ / shares shares
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted (in shares) | shares	2,764
Weighted Average Grant-Date Fair Value per Award (in dollars per share) | $ / shares	$ 2.10
EPSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted (in shares) | shares	1,468
Weighted Average Grant-Date Fair Value per Award (in dollars per share) | $ / shares	$ 2.36
SPSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted (in shares) | shares	1,001
Weighted Average Grant-Date Fair Value per Award (in dollars per share) | $ / shares	$ 1.23

Equity-Based Compensation - S_2

Equity-Based Compensation - Schedule of Vesting Tranches (Details) - EPSUs	1 Months Ended	3 Months Ended	6 Months Ended
	Jan. 31, 2024	Mar. 31, 2024	Sep. 30, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting remainder period (in years)	3 years 6 months
First Vesting Tranche
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting remainder period (in years)		1 year 4 months 13 days	1 year 1 month 28 days
Second Vesting Tranche
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting remainder period (in years)		1 year 5 months 4 days	1 year 5 months 23 days
Third Vesting Tranche
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting remainder period (in years)		1 year 5 months 23 days	1 year 8 months 12 days
Fourth Vesting Tranche
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting remainder period (in years)		1 year 6 months 29 days	1 year 9 months 14 days

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Operating Loss Carryforwards [Line Items]
Forecasted annual effective tax rate (as a percent)	6.40%		6.40%
Effective tax rate (as a percent)	5.80%	199.20%	5.70%	(26.70%)
Deferred tax liabilities, investment in holdings	$ 0		$ 0
Subsidiaries
Operating Loss Carryforwards [Line Items]
Weighted average ownership interest (as a percent)	63.80%	63.80%	63.80%	64.80%

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - Fair Value, Recurring - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, net	$ 151,138	$ 142,993
Contingent Consideration	7,515	5,794
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, net	0	0
Contingent Consideration	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, net	151,138	142,993
Contingent Consideration	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, net	0	0
Contingent Consideration	$ 7,515	$ 5,794

Fair Value Measurements - Sch_2

Fair Value Measurements - Schedule of Liabilities Measured at Fair Value on a Recurring Basis (Details) - Level 3 - Contingent Consideration Liability - Fair Value, Recurring $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance (December 31, 2023)	$ 5,794
Total change in fair value (gain) loss included in earnings	1,721
Additions	3,000
Payments	(3,000)
Ending Balance	$ 7,515

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - USD ($) $ in Thousands		9 Months Ended
	Aug. 22, 2024	Sep. 30, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Increase in fair value and payment	$ 3,000
Impairment of goodwill		$ 44,852
Impairment of finite-lived intangible assets		13,300
Level 3 | Contingent Consideration Liability | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total change in fair value (gain) loss included in earnings		$ 1,721

Variable Interest Entities (Det

Variable Interest Entities (Details) $ in Thousands	Sep. 30, 2024 USD ($) variableInterestEntity	Dec. 31, 2023 USD ($) variableInterestEntity
Variable Interest Entity [Line Items]
Number of VIE's consolidated | variableInterestEntity	1	1
Total assets	$ 553,226	$ 659,318
Variable Interest Entity
Variable Interest Entity [Line Items]
Total assets	2,400	3,700
Total liabilities	$ 2,800	$ 3,900

Net Income (Loss) Per Share - S

Net Income (Loss) Per Share - Schedule of Basic and Diluted Net (Loss) Income Per Share and Weighted-Average Common Shares Outstanding (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Earnings Per Share [Abstract]
Net income (loss)	$ (111,453)	$ (4,037)	$ (6,484)	$ 3,083	$ 11,514	$ 933	$ (121,974)	$ 15,530
Less: Net income (loss) attributable to non-controlling interests	(41,589)			(1,045)			(45,597)	3,054
Net income (loss) attributable to Solo Brands, Inc.	(69,864)			4,128			(76,377)	12,476
Net income (loss) attributable to Solo Brands, Inc.	$ (69,864)			$ 4,128			$ (76,377)	$ 12,476
Weighted average shares of Class A common stock outstanding - basic (in shares)	58,545			57,883			58,303	61,370
Effect of dilutive securities (in shares)	0			485			0	211
Weighted average shares of Class A common stock outstanding - diluted (in shares)	58,545			58,368			58,303	61,581
Income (loss) per share of Class A common stock outstanding - basic (in dollars per share)	$ (1.19)			$ 0.07			$ (1.31)	$ 0.20
Income (loss) per share of Class A common stock outstanding - diluted (in dollars per share)	$ (1.19)			$ 0.07			$ (1.31)	$ 0.20

Net Income (Loss) Per Share - N

Net Income (Loss) Per Share - Narrative (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Effect of dilutive securities (in shares)	0	485,000	0	211,000
Class B Common Stock, EPSUs, SPSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Effect of dilutive securities (in shares)			0
Employee Stock Option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	100,000	200,000	100,000	300,000
RSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	1,300,000	400,000	2,000,000	300,000
Class B Common Stock, EPSUs, SPSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)			0