Highlights

  • Second quarter net Revenue was USD 1,208,170 against USD 2,251,379 a year earlier.
  • The net loss was USD 8,983,422, or USD 13.59 per share.
  • Total operating expenses rose to USD 7,797,471 from USD 2,696,769.
  • A one-for-forty Reverse Stock Split took effect on July 24, 2026.

Digital Brands Group, Inc. (NASDAQ:DBGI) shares were trading near their all-time low at USD 0.2980 on November 6, 2026, down 36.60% on the day. The company reported second quarter net revenue of USD 1,208,170 and a net loss of USD 8,983,422, or USD 13.59 per share.

Digital Brands is a curated collection of lifestyle brands, including Bailey 44, DSTLD, Stateside, Sundry and Avo, sold through direct-to-consumer and wholesale distribution.

Revenue and Margins

Net revenue was USD 1,208,170 against USD 2,251,379, a decrease of USD 1.1 million. For the six months ended June 30, 2026, net revenue was USD 2,524,154 against USD 4,123,080, a decrease of USD 1.6 million.

Gross profit was USD 324,265 against USD 711,552, and USD 369,646 for the six months against USD 1,584,007.

Operating Expenses and Loss

Total operating expenses were USD 7,797,471 against USD 2,696,769, and USD 15,261,984 for the six months against USD 5,565,784. The loss from operations was USD 7,473,206 against USD 1,985,217.

The net loss was USD 8,983,422 against USD 2,117,862. For the six months, the net loss was USD 20,375,455, or USD 36.59 per share, against USD 4,207,772, or USD 49.69 per share. Per share figures reflect the reverse split.

Collegiate Apparel Platform

During the six months, the company continued to expand its collegiate apparel, Marketing and name-image-likeness platform. It entered agreements covering additional universities and issued common stock as consideration.

Cash, Debt and Balance Sheet

Cash and cash equivalents were USD 1,386,167 against USD 1,934,831 at December 31, 2025. Net cash used in Operating Activities was USD 10,302,957 against USD 6,084,275, and net cash provided by financing activities was USD 4,233,763 against USD 6,462,422.

Total Assets were USD 46,674,701 against USD 44,489,380. Total liabilities were USD 46,134,670 against USD 35,721,376, and total stockholders' Equity was USD 540,031 against USD 8,768,004. The accumulated Deficit was USD 175,729,051.

Reverse Split and ATM Sales

As of August 19, 2026, the company had 933,509 shares outstanding after giving effect to the one-for-forty reverse stock split effected on July 24, 2026. From July 1 through August 17, 2026, it sold 113,171 post-split shares through its sales agent under its at-the-market offering program.

Preferred stock outstanding at June 30, 2026 included 6,300 Series A shares, 1,344 Series C shares and 14,656 Series D shares.