$DBGI filings 👇 & history don’t lie
Stay away from this serial dilutor CEO running a failed business since inception
adjusted for all reverse splits since inception, DBGI has effectively issued the equivalent of roughly 2.08 trillion pre-split shares over its public market life.
Q1 2026 Earnings 🤮 💩 🤮
The company filed its Q1 2026 results (ended March 31) around May 20, revealing significantly worse performance: ?
• Revenue: $1.32 million (down ~30% from $1.87 million in Q1 2025).
• Net loss: Widened dramatically to $11.39 million (vs. $2.09 million loss prior year) — a ~445% increase in losses. ?
• EPS: Around -$1.06.
• Gross margin collapsed to ~3% from ~47% (gross profit nearly vanished).
• Key drivers: Higher sales/marketing expenses (tied to NIL/collegiate deals), a large $3.87 million non-cash charge from remeasuring share-based payment liabilities, lower wholesale activity, and ongoing operational challenges. ?
This marked continued losses (7+ years of quarterly deficits) and highlighted liquidity concerns — working capital deficit of ~$7.5 million, cash of ~$5.1 million, and notes in technical default. ?
Stay away from this company which has run a failed business since inception
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