REED · Reed'S, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.14M | - | $7.03M | $9.52M | $10.03M | - | $6.75M | $11.87M | $9.60M | - |
| Cost of Revenue | $6.63M | - | $5.54M | $8.72M | $6.63M | - | $5.54M | $8.04M | $6.18M | - |
| Gross Profit | $697.0K | - | $1.22M | $807.0K | $3.40M | - | $1.22M | $3.83M | $3.41M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $4.04M | - | $2.86M | $3.76M | $2.02M | - | $1.79M | $1.98M | $1.47M | - |
| Total Operating Expenses | $6.91M | - | $5.33M | $6.60M | $5.14M | - | $4.35M | $4.50M | $4.06M | - |
| D&A | $30.0K | - | - | - | $41.0K | - | - | - | $29.0K | - |
| Operating Income | ($6.21M) | - | ($4.10M) | ($5.79M) | ($1.74M) | - | ($3.14M) | ($669.0K) | ($650.0K) | - |
| Interest Expense | $204.0K | - | $274.0K | $301.0K | $289.0K | - | $2.40M | $1.15M | $1.02M | - |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | ($6.46M) | - | ($3.98M) | ($6.05M) | ($2.03M) | - | ($4.15M) | ($3.21M) | ($1.67M) | - |
| EPS - Basic | ($0.55) | - | ($0.48) | ($0.78) | ($0.24) | - | ($4.92) | ($4.62) | ($2.40) | - |
| EPS - Diluted | ($0.55) | - | ($0.48) | ($0.78) | ($0.24) | - | ($4.92) | ($4.62) | ($2.40) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $4.58M | $10.42M | $10.42M | $2.68M | $4.86M | $10.39M | $306.0K | $326.0K | $314.0K | $603.0K |
| Accounts Receivable | $2.91M | $2.32M | $2.43M | $5.00M | $4.33M | $3.98M | $2.77M | $5.30M | $3.25M | $4.79M |
| Inventory | $8.05M | $8.05M | $10.57M | $13.18M | $12.33M | $8.11M | $9.25M | $10.22M | $12.02M | $11.30M |
| Accounts Payable | $5.06M | $3.50M | $5.83M | $8.48M | $7.95M | $6.96M | $8.31M | $8.43M | $8.48M | $9.13M |
| Current Assets | $16.85M | $21.46M | $18.07M | $21.89M | $22.67M | $23.31M | $14.06M | $17.73M | $18.18M | $17.76M |
| Total Assets | $18.69M | $23.34M | $19.93M | $23.70M | $24.52M | $25.14M | $15.03M | $18.75M | $19.25M | $18.88M |
| Current Liabilities | $15.20M | $13.39M | $16.36M | $21.15M | $19.03M | $17.66M | $36.99M | $37.10M | $25.02M | $27.19M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $15.99M | $14.19M | $17.17M | $21.97M | $19.86M | $18.49M | $36.99M | $42.59M | $39.98M | $38.06M |
| Stockholders' Equity | $2.69M | $9.15M | $2.76M | $1.74M | $4.66M | $6.65M | ($21.95M) | ($23.85M) | ($20.73M) | ($19.18M) |
| Retained Earnings | ($174.19M) | ($167.73M) | ($163.95M) | ($159.97M) | ($153.91M) | ($151.88M) | ($147.77M) | ($143.62M) | ($140.40M) | ($138.73M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($5.84M) | - | - | - | ($5.36M) | - | - | - | ($2.40M) | - |
| Investing Cash Flow | - | - | - | - | ($74.0K) | - | - | - | ($18.0K) | - |
| Financing Cash Flow | - | - | - | - | ($93.0K) | - | - | - | $2.12M | - |
| CapEx | - | - | - | - | $73.0K | - | - | - | $16.0K | - |
| Free Cash Flow | - | - | - | - | ($5.43M) | - | - | - | ($2.41M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 9.8% | - | 17.4% | 8.5% | 33.9% | - | 18.0% | 32.3% | 35.6% | - |
| Operating margin | -87.0% | - | -58.3% | -60.8% | -17.4% | - | -46.5% | -5.6% | -6.8% | - |
| EBITDA margin | -86.6% | - | - | - | -17.0% | - | - | - | -6.5% | - |
| Net margin | -90.5% | - | -56.6% | -63.5% | -20.3% | - | -61.5% | -27.1% | -17.4% | - |
| Free cash flow margin | - | - | - | - | -54.2% | - | - | - | -25.1% | - |
| FCF / Net income | - | - | - | - | 2.68 | - | - | - | 1.44 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 56.6% | - | 40.7% | 39.5% | 20.1% | - | 26.5% | 16.7% | 15.3% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -34.6% | - | -20.0% | -25.5% | -8.3% | - | -27.6% | -17.1% | -8.7% | - |
| Return on equity | -240.1% | - | -144.4% | -348.6% | -43.5% | - | 18.9% | 13.5% | 8.1% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.11 | 1.60 | 1.10 | 1.03 | 1.19 | 1.32 | 0.38 | 0.48 | 0.73 | 0.65 |
| Quick ratio | 0.58 | 1.00 | 0.46 | 0.41 | 0.54 | 0.86 | 0.13 | 0.20 | 0.25 | 0.24 |
| Cash ratio | 0.30 | 0.78 | 0.64 | 0.13 | 0.26 | 0.59 | 0.01 | 0.01 | 0.01 | 0.02 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -30.5x | - | -15.0x | -19.2x | -6.0x | - | -1.3x | -0.6x | -0.6x | - |
| Equity multiplier | 6.94 | 2.55 | 7.23 | 13.66 | 5.26 | 3.78 | -0.68 | -0.79 | -0.93 | -0.98 |
| Liabilities / Assets | 0.86 | 0.61 | 0.86 | 0.93 | 0.81 | 0.74 | 2.46 | 2.27 | 2.08 | 2.02 |
| Efficiency | ||||||||||
| Asset turnover | 0.38 | - | 0.35 | 0.40 | 0.41 | - | 0.45 | 0.63 | 0.50 | - |
| Inventory turnover | 0.82 | - | 0.52 | 0.66 | 0.54 | - | 0.60 | 0.79 | 0.51 | - |
| Days sales outstanding | 149d | - | 126d | 192d | 158d | - | 150d | 163d | 124d | - |
| Days inventory outstanding | 443d | - | 697d | 552d | 679d | - | 610d | 464d | 710d | - |
| Days payable outstanding | 279d | - | 384d | 355d | 438d | - | 548d | 383d | 501d | - |
| Cash conversion cycle | 313d | - | 439d | 389d | 399d | - | 212d | 244d | 332d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 15.9x | - | 18.5x | 160.3x | 85.2x | - | - | - | - | - |
| P / S | 6.0x | - | 7.2x | 29.2x | 39.6x | - | 6.3x | 3.5x | 4.3x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -28.8% | - | 4.2% | -19.8% | 4.5% | - | -43.0% | 18.7% | -14.0% | - |
| Revenue CAGR (3y) | -13.8% | - | -16.5% | -11.5% | -6.3% | - | -20.4% | 1.8% | -7.6% | - |
| Revenue CAGR (5y) | -10.1% | - | -7.8% | -2.6% | 1.0% | - | -5.0% | 4.6% | 2.6% | - |
| Gross profit growth (YoY) | -79.5% | - | 0.7% | -78.9% | -0.3% | - | -69.9% | 52.7% | 26.5% | - |
| Operating income growth (YoY) | -256.8% | - | -30.8% | -765.9% | -168.0% | - | -2094.4% | 61.7% | 74.8% | - |
| Net income growth (YoY) | -218.3% | - | 4.0% | -88.3% | -21.4% | - | -189.0% | -2.5% | 61.6% | - |
| EPS growth (YoY) | -129.2% | - | 90.2% | 83.1% | 90.0% | - | -1347.1% | -105.3% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | -125.4% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -42.3% | 37.7% | - | - | - | - | -72.0% | -108.1% | -68.2% | -126.5% |
Peer comparison
Same SIC group: Bottled & Canned Soft Drinks & Carbonated Waters
Comparing REED'S against the 5 most active filers in the same SIC group.