Digital Brands Group Inc 2026年季度报告 Digital Brands Group Inc., 2026年季度报告

FORM 10-Q As of May 20, 2026, the Company had 22,985,558 shares of common stock, $0.0001 par value, issued and outstanding. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS Except for historical information, this Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Section27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the“Exchange Act”), which involve risks and uncertainties. These forward-looking statements can be identified by the use of forward- lookingterminology, including the terms “believe,” “estimate,” “project,” “aim,” “anticipate,” “expect,” “seek,” “predict,” “contemplate,” “continue,”“possible,” “intend,” “may,” “plan,” “forecast,” “future,” “might,” “will,” “could,” would” or “should” or, in each case, their negative, or othervariations or comparable terminology. These forward-looking statements include all matters that are not historical facts. They appear in anumber of places throughout this Annual Report on Form 10-K and include statements regarding our intentions, beliefs or current expectations By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances thatmay or may not occur in the future. We caution you that forward- looking statements are not guarantees of future performance and that ouractual results of operations, financial condition and liquidity, and the stability of the industry in which we operate may differ materially fromthose made in or suggested by the forward-looking statements contained in this Quarterly Report on Form 10-Q. In addition, even if our resultsof operations, financial condition and liquidity and the development of the industry in which we operate are consistent with the forward-looking Estimates and forward-looking statements speak only as of the date they were made, and, except to the extent required by law, weundertake no obligation to update or to review any estimate and/or forward-looking statement because of new information, future events orother factors. DIGITAL BRANDS GROUP, INC.CONDENSED CONSOLIDATEDBALANCE SHEETS(UNAUDITED) NOTE 1: NATURE OF OPERATIONS Digital Brands Group, Inc. (the “Company”) was organized on September 17, 2012 and is a portfolio company of apparel brands, includingBailey 44, Stateside and Sundry. The Company completed the acquisitions of Bailey 44 in February 2020, Stateside in August 2021 and Sundry NOTE 2: LIQUIDITY The Company has not generated profits since inception and has sustained net losses of $11,392,033 and $2,089,910 for the three monthsended March 31, 2026 and 2025, respectively. The Company also incurred negative cash flow from operations for the three months endedMarch 31, 2026. Historically, the Company has lacked sufficient liquidity to satisfy obligations as they come due and, as of March 31, 2026, DIGITAL BRANDS GROUP, INC.NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Through the date these financial statements were available to be issued, the Company has been primarily financed through the issuance ofcapital stock and debt. In the event that the Company cannot generate sufficient revenue to sustain its operations, the Company will need toreduce expenses, which it has done, or obtain financing through the sale of debt and/or equity securities, which it has done. The issuance ofadditional equity would result in dilution to existing shareholders. If the Company is unable to obtain additional funds when they are needed orif such funds cannot be obtained on terms acceptable to the Company, the Company would be unable to execute upon the business plan or pay Management’s Plans On April 15, 2026, the Company entered into an At-the-Market Issuance Sales Agreement with Aegis Capital Corp., pursuant to which theCompany may offer and sell, from time to time, shares of its common stock having an aggregate offering price of up to $100.0 million under As of May 20, 2026, the date of issuance of these unaudited condensed consolidated financial statements, the Company had cash and cashequivalents of approximately $5.1 million as of March 31, 2026. During the three months ended March 31, 2026, the Company used Throughout the next twelve months, the Company intends to fund its operations from the funds raised through equity offerings, includingat-the-market equity financings, further warrant exercises or other public or private equity offerings. Additionally, the Company intends to fundoperations from increased revenues due to its new marketing efforts, including its collegiate apparel program and increased wholesale pricing, Management believes that the Company’s existing cash balances, together with anticipated proceeds from future financing activities andoperational improvement initiatives, may provide sufficient liquidity to support operations for at least the next twelve months from the date