---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-045972"
form_type: "8-K"
ticker: "DBGI"
cik: "0001668010"
company_name: "Digital Brands Group, Inc."
filed_at: "2024-11-14T23:59:59+00:00"
generated_at: "2026-05-30T00:30:34.990054+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Digital Brands Group Q3 net revenue down 27% YoY to $2.4M; net loss improves to $3.5M

## Summary
- Net revenues of $2.4M vs $3.3M a year ago; drop due to exiting low-margin wholesale account.
- Gross profit margin fell to 46.0% from 52.3% due to fixed costs and lower digital revenue.
- G&A expenses decreased $1.3M to $2.4M; includes $1.6M in non-cash expenses.
- Net loss per diluted share improved to $1.63 from $14.55; net loss $3.5M vs $5.4M.
- Expects $3.1M benefit to FY2025 net earnings from completion of amortization, lowering quarterly interest to $105K.

## SEC filing metadata
- accession: 0001493152-24-045972
- form_type: 8-K
- ticker: DBGI
- cik: 0001668010
- company_name: Digital Brands Group, Inc.
- filed_at: 2024-11-14T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1668010/000149315224045972/0001493152-24-045972-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1668010/000149315224045972/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-045972
- JSON: https://secwatch.observer/filing/0001493152-24-045972.json
- Plain text: https://secwatch.observer/filing/0001493152-24-045972.txt

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