Solo Brands experienced a challenging third quarter in 2025, with net sales plummeting by 43.7% to $53.0 million, primarily due to reduced consumer demand and excess retailer inventory in the Solo Stove segment. The company reported a net loss of $22.9 million, an improvement from the prior year's $111.5 million loss, and generated $11 million in operating cash flow, marking its second consecutive quarter of positive cash generation. Despite top-line pressures, gross profit remained stable at 60.0% of net sales, and operating expenses were significantly reduced by 68.9%.