---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-093971"
form_type: "8-K"
ticker: "DBGI"
cik: "0001668010"
company_name: "Digital Brands Group, Inc."
filed_at: "2023-08-21T23:59:59+00:00"
generated_at: "2026-06-11T06:18:25.961059+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Digital Brands Group reports Q2 net income of $5.0M, revenue up 69.6% to $4.5M

## Summary
- Net income attributable to common stockholders $5.0M ($0.38 diluted EPS) vs loss of $9.5M a year ago.
- Revenue $4.5M, up 69.6% YoY (excluding Harper & Jones spin-out).
- Income from operations of $9.0M compared to a loss of $10.6M in prior-year period.
- G&A expenses decreased 4.0% to $4.1M; Sales & Marketing down 20.1% to $1.1M.
- Expects internal free cash flow in October; launching affiliate program and multi-brand retail store this Fall.

## SEC filing metadata
- accession: 0001104659-23-093971
- form_type: 8-K
- ticker: DBGI
- cik: 0001668010
- company_name: Digital Brands Group, Inc.
- filed_at: 2023-08-21T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1668010/000110465923093971/0001104659-23-093971-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1668010/000110465923093971/tm2324193d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-093971
- JSON: https://secwatch.observer/filing/0001104659-23-093971.json
- Plain text: https://secwatch.observer/filing/0001104659-23-093971.txt

## Key facts
- Earnings Releases
  Digital Brands Group, Inc. reported second quarter ended June 30, 2023 results: revenue $4.5 million, net income $5.0 million, EPS $0.38 per diluted share.
  - Period: second quarter ended June 30, 2023
  - Revenue: $4.5 million
  - Net income: $5.0 million
  - EPS: $0.38 per diluted share
  - Result: reported results
  source text: Digital Brands Group Reports Second Quarter 2023 Financial Results Net Earnings of $5.0 million or $0.38 per diluted share Revenues increased 69.6% to $4.5 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1668010/000110465923093971/0001104659-23-093971-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.