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Duluth Holdings Inc.. (DLTH) Fundamental Analysis & AI Grade 2026

DLTH Nasdaq Retail-Apparel & Accessory Stores CIK: 0001649744
Recently Updated • Analysis: Jun 10, 2026 • SEC Data: 2026-05-03
Combined AI Grade
C
81% Confidence
AGREEMENT
D
85% Conf
C
77% Conf

📊 DLTH Key Takeaways

Revenue: $98.6M
Net Margin: -10.2%
Free Cash Flow: $-15.2M
Current Ratio: 1.62x
Debt/Equity: 0.18x
EPS: $-0.29
AI Grade: D with 85% confidence
Duluth Holdings Inc.. (DLTH) receives a C fundamental grade with 81% confidence from our AI analysis based on SEC 10-K filings. With revenue of $98.6M, net profit margin of -10.2%, and return on equity (ROE) of -6.3%, Duluth Holdings Inc.. demonstrates mixed fundamentals in the Consumer sector. Below is our complete DLTH stock analysis for 2026.

Is Duluth Holdings Inc.. (DLTH) a Good Investment?

Claude

Duluth Holdings is operationally unprofitable with a $10.1M net loss and free cash flow of -$15.2M, indicating the business is burning cash unsustainably. Despite a healthy 57.4% gross margin, flat 0% revenue growth and deeply negative return metrics (ROE -6.3%, ROA -2.7%) reveal fundamental operational deterioration. The critically low 0.30x quick ratio and minimal $6.1M cash reserves present acute liquidity risk.

ChatGPT

Duluth Holdings shows weak fundamental performance, with flat revenue and continued operating and net losses despite a still-solid gross margin. The balance sheet is not overleveraged and free cash flow is positive, but profitability remains structurally weak and interest coverage is negative, which limits financial flexibility if operating performance does not improve.

Duluth Holdings Inc.. Key Strengths (DLTH)

Claude
  • + Healthy gross margin of 57.4% demonstrates strong product pricing power and underlying unit economics capability
  • + Conservative capital structure with 0.18x debt-to-equity ratio limits financial distress and default risk
  • + EPS improved 64.1% YoY despite negative profitability, signaling operational stabilization or cost control progress
ChatGPT
  • + Gross margin remains relatively strong at 53.4%
  • + Positive operating cash flow and free cash flow indicate the business still generates cash
  • + Low debt burden with debt-to-equity of 0.17x supports balance sheet stability

DLTH Stock Risks: Duluth Holdings Inc.. Investment Risks

Claude
  • ! Free cash flow negative at -$15.2M with operating cash flow of -$13.4M indicates unsustainable business model requiring cash burn
  • ! Revenue completely stagnant at 0% YoY growth in difficult retail apparel sector signals demand deterioration or market share loss
  • ! Quick ratio of 0.30x critically low, indicating severe reliance on inventory turnover to meet short-term liabilities with only $6.1M cash
ChatGPT
  • ! Revenue is stagnant, suggesting limited growth momentum
  • ! Negative operating margin, net margin, ROE, and ROA point to poor earnings quality
  • ! Negative interest coverage and low quick ratio indicate weaker near-term cushion if conditions worsen

Key Metrics to Watch

Claude
  • * Operating cash flow trajectory - must return to positive to validate business viability
  • * Revenue growth acceleration - need evidence of demand recovery beyond current flat trend
  • * Operating margin path to profitability - positive operating income is essential for sustainability
ChatGPT
  • * Operating margin improvement
  • * Revenue growth with sustained free cash flow generation

Duluth Holdings Inc.. (DLTH) Financial Metrics & Key Ratios

Revenue
$98.6M
Net Income
$-10.1M
EPS (Diluted)
$-0.29
Free Cash Flow
$-15.2M
Total Assets
$380.7M
Cash Position
$6.1M

💡 AI Analyst Insight

Duluth Holdings Inc.. presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.

DLTH Profit Margin, ROE & Profitability Analysis

Gross Margin 57.4%
Operating Margin -9.4%
Net Margin -10.2%
ROE -6.3%
ROA -2.7%
FCF Margin -15.4%

DLTH vs Consumer Sector: How Duluth Holdings Inc.. Compares

How Duluth Holdings Inc.. compares to Consumer sector averages

Net Margin
DLTH -10.2%
vs
Sector Avg 8.0%
DLTH Sector
ROE
DLTH -6.3%
vs
Sector Avg 18.0%
DLTH Sector
Current Ratio
DLTH 1.6x
vs
Sector Avg 1.5x
DLTH Sector
Debt/Equity
DLTH 0.2x
vs
Sector Avg 0.8x
DLTH Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Duluth Holdings Inc.. Stock Overvalued? DLTH Valuation Analysis 2026

Based on fundamental analysis, Duluth Holdings Inc.. has mixed fundamental signals relative to the Consumer sector in 2026.

Return on Equity
-6.3%
Sector avg: 18%
Net Profit Margin
-10.2%
Sector avg: 8%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.18x
Sector avg: 0.8x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Duluth Holdings Inc.. Balance Sheet: DLTH Debt, Cash & Liquidity

Current Ratio
1.62x
Quick Ratio
0.30x
Debt/Equity
0.18x
Debt/Assets
58.9%
Interest Coverage
-11.68x
Long-term Debt
$28.3M

DLTH Revenue & Earnings Growth: 5-Year Financial Trend

DLTH 5-year financial data: Year 2021: Revenue $698.6M, Net Income -$7.6M, EPS $-0.23. Year 2022: Revenue $698.6M, Net Income $29.7M, EPS $0.90. Year 2023: Revenue $653.3M, Net Income $2.3M, EPS $0.07. Year 2024: Revenue $646.7M, Net Income -$9.9M, EPS $-0.30. Year 2026: Revenue $626.6M, Net Income -$43.7M, EPS $-1.31.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Duluth Holdings Inc..'s revenue has declined by 10% over the 5-year period, indicating business contraction. The most recent EPS of $-1.31 indicates the company is currently unprofitable.

DLTH Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-15.4%
Free cash flow / Revenue

DLTH Quarterly Earnings & Performance

Quarterly financial performance data for Duluth Holdings Inc.. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $98.6M -$10.1M $-0.29
Q3 2025 $114.9M -$10.1M $-0.29
Q2 2025 $131.7M $1.3M $0.04
Q1 2025 $102.7M -$3.9M $-0.12
Q3 2024 $127.1M -$5.1M $-0.16
Q2 2024 $139.1M $1.1M $0.03
Q1 2024 $122.9M -$1.3M $-0.04
Q3 2023 $145.3M $2.8M $0.09

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Duluth Holdings Inc.. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$13.4M
Cash generated from operations
Capital Expenditures
$1.8M
Investment in assets
Dividends
None
No dividend program

DLTH SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Duluth Holdings Inc.. (CIK: 0001649744)

📋 Recent SEC Filings

Date Form Document Action
Jun 9, 2026 10-Q dlth-20260503.htm View →
Jun 8, 2026 8-K dlth-20260603.htm View →
Jun 8, 2026 8-K d105234d8k.htm View →
Jun 8, 2026 8-K dlth-20260608.htm View →
Jun 5, 2026 4 xslF345X06/form4.xml View →

Frequently Asked Questions about DLTH

What is the AI rating for DLTH?

Duluth Holdings Inc.. (DLTH) has a Combined AI Grade of C from Claude (D) and ChatGPT (C) with 81% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are DLTH's key strengths?

Claude: Healthy gross margin of 57.4% demonstrates strong product pricing power and underlying unit economics capability. Conservative capital structure with 0.18x debt-to-equity ratio limits financial distress and default risk. ChatGPT: Gross margin remains relatively strong at 53.4%. Positive operating cash flow and free cash flow indicate the business still generates cash.

What are the risks of investing in DLTH?

Claude: Free cash flow negative at -$15.2M with operating cash flow of -$13.4M indicates unsustainable business model requiring cash burn. Revenue completely stagnant at 0% YoY growth in difficult retail apparel sector signals demand deterioration or market share loss. ChatGPT: Revenue is stagnant, suggesting limited growth momentum. Negative operating margin, net margin, ROE, and ROA point to poor earnings quality.

What is DLTH's revenue and growth?

Duluth Holdings Inc.. reported revenue of $98.6M.

Does DLTH pay dividends?

Duluth Holdings Inc.. does not currently pay dividends.

Where can I find DLTH SEC filings?

Official SEC filings for Duluth Holdings Inc.. (CIK: 0001649744) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is DLTH's EPS?

Duluth Holdings Inc.. has a diluted EPS of $-0.29.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is DLTH's fundamental grade?

Based on our AI fundamental analysis in June 2026, Duluth Holdings Inc.. has a C grade with 81% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is DLTH stock overvalued or undervalued?

Valuation metrics for DLTH: ROE of -6.3% (sector avg: 18%), net margin of -10.2% (sector avg: 8%). Compare these metrics with sector averages to assess valuation.

What is DLTH's AI grade for 2026?

Our dual AI analysis gives Duluth Holdings Inc.. a combined C grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is DLTH's free cash flow?

Duluth Holdings Inc..'s operating cash flow is $-13.4M, with capital expenditures of $1.8M. FCF margin is -15.4%.

How does DLTH compare to other Consumer stocks?

Vs Consumer sector averages: Net margin -10.2% (avg: 8%), ROE -6.3% (avg: 18%), current ratio 1.62 (avg: 1.5).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Jun 10, 2026 | Data as of: 2026-05-03 | Powered by Claude AI