# Digital Brands Group, Inc. (DBGI)

> Source: Nexqual · https://nexqual.com/DBGI · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, Digital Brands Group, Inc. (DBGI), nexqual.com/DBGI" · informational, not investment advice.

**Price:** USD 1.14 (-12.69% on the day) · last close of Oct 23, 2026; US market closed, not a live price. Prev close 1.3 · day 1.01–1.3 · 52w 1–720 · market cap $1.1M · NCM

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $5.8M, net income -$44.4M (-768.3% margin) (SEC filings).
- Insider open-market purchases, last ~7 months: 2 Form 4 filings, $748K; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: None.
- Total return with dividends: 1Y -99.7% vs S&P 500 +13.4%; 5Y -100.0% vs S&P 500 +76.9%.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $7.6M | $10.3M | $14.9M | $11.6M | $7.4M | $5.8M |
| Gross profit | $1.9M | $3.5M | $6.5M | $3.6M | $1.1M | — |
| Operating income | -$31.3M | -$21.2M | -$2.1M | -$10.2M | -$29.5M | -$40.4M |
| Net income | -$32.4M | -$38.0M | -$10.2M | -$13.1M | -$28.3M | -$44.4M |
| EPS (diluted) | — | — | -$18311.20 | -$3068.40 | -$87.20 | — |
| Free cash flow | -$14.3M | -$10.8M | -$6.0M | — | — | — |
| Gross margin | 24.6% | 34.3% | 43.9% | 31.5% | 14.3% | — |
| Operating margin | -413.3% | -205.4% | -14.0% | -88.3% | -400.1% | -699.5% |
| Net margin | -426.6% | -368.2% | -68.7% | -113.4% | -382.8% | -768.3% |
| Revenue growth | +44.8% | +36.2% | +44.3% | -22.5% | -36.1% | — |
| Cash + short-term investments | $528K | $1.3M | $21K | $164K | $1.9M | — |
| Total debt | $8.0M | — | — | $6.5M | $12.2M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 0.2x · EV/Sales 2.9x · P/B 2.0x · Earnings yield -4192.44% · Net debt $15.9M · EV $17.0M

## Insider purchases (SEC Form 4, open-market, last ~7 months)
2 purchases, $748K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-06-10 | Davis John Hilburn Iv | CEO | 618,333 | $699K | 1.13 | Too little history (no open-market trades in 2023–2025) |
| 2026-06-02 | Davis John Hilburn Iv | CEO | 70,127 | $49K | 0.7 | Too little history (no open-market trades in 2023–2025) |
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus None.

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -99.7% | -100.0% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | -99.7% | -96.5% |
| Volatility (annualized) | 220.4% | 176.6% |
| Max drawdown | -99.8% (Jan 2026→Oct 2026) | -100.0% (Oct 2021→Oct 2026) |

## Peers (Apparel Retail)
JILL (J. Jill, Inc.) USD 22.6 -1.09% · SFIX (Stitch Fix, Inc.) USD 2.56 -5.88% · CTRN (Citi Trends, Inc.) USD 45.41 -1.28% · SHOE (Shoe Station Group, Inc.) USD 14.13 -0.63% · GCO (Genesco Inc.) USD 36.99 -1.07% · CAL (Caleres, Inc.) USD 12.95 -3.00%

## More
Full page: https://nexqual.com/DBGI · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in DBGI's own 10-K filed 2026-04-15 (https://www.sec.gov/Archives/edgar/data/1668010/000149315226016851/form10-k.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | MOSBEST | "our Bailey, DSTLD, Avo and Stateside and Sundry products are shipped from our suppliers to our distribution center in Los Angeles, CA" |
| Supplier | SUNNYSIDE | "our Bailey, DSTLD, Avo and Stateside and Sundry products are shipped from our suppliers to our distribution center in Los Angeles, CA" |
| Supplier | FedEx (FDX) | "suppliers and logistics providers such as FedEx, UPS and the U.S. Postal Service." |
| Supplier | UPS (UPS) | "suppliers and logistics providers such as FedEx, UPS and the U.S. Postal Service." |
| Customer | Meta Platforms (META) | "Social Media Marketing: This is our primary customer acquisition channel, and it is composed almost entirely of paid Facebook and" |

## Customer concentration

Period ended 2026-03-31: 10% of revenue from unnamed direct customers (10-Q, filed 2026-05-20).

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter | — | — | — | $0 | — |
| Next quarter | — | — | — | $0 | — |
| Current fiscal year (ends 2023-12-31) | — | — | — | $0 | — |
| Next fiscal year | — | — | — | $0 | — |