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Financials · REED

Reed's Inc. (REED) financials

For the twelve months ended Jun 30, 2026, Reed's Inc. reported $29.14M of revenue and -$18.50M of net income.

Revenue, TTM
$29.14M
Revenue growth, YoY
-19.1%
Net income, TTM
-$18.50M
Net margin
-63.5%
EPS, diluted, TTM
-$1.77
Cash
$2.41M
P/S
1.26
Market cap
$36.6M
Annual revenue$34.06M
FY2016FY2025
Annual net income-$15.84M
FY2016FY2025
Annual free cash flow-$17.31M
FY2016FY2025

REED revenue and earnings growth

REED revenueQ2 2026$7.49M

Quarter YoY
-21.4%
QoQ
+4.8%
FY YoY
-10.2%
5Y CAGR
-3.9%
10Y CAGR
-2.9%

REED revenue was $7.49M in fiscal Q2 2026 (ended Jun 30, 2026), down 21.4% from a year earlier and up 4.8% from the prior quarter. For the full fiscal 2025 it was $34.06M, down 10.2% from fiscal 2024. Compound annual growth was -3.9% over 5 years and -2.9% over 10 years. It rose in 4 of the last 10 fiscal years.

REED net incomeQ2 2026-$4.27M

REED net income was -$4.27M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$6.05M a year earlier. For the full fiscal 2025 it was -$15.84M, compared with -$13.15M in fiscal 2024.

REED EPSQ2 2026-$0.36

REED diluted EPS was -$0.36 in fiscal Q2 2026 (ended Jun 30, 2026). For the full fiscal 2025 it was -$1.91.

REED free cash flowQ4 2025-$3.89M

REED free cash flow was -$3.89M in fiscal Q4 2025 (ended Dec 31, 2025), compared with -$3.97M a year earlier. For the full fiscal 2025 it was -$17.31M, compared with -$6.28M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$34.06M$37.95M$44.71M$53.04M$49.60M$41.62M$33.82M$38.10M$37.71M$42.47M
Cost of revenue$27.10M$26.58M$31.88M$40.93M$36.00M$28.85M$25.94M$27.42M$30.82M$33.23M
Gross profit$6.96M$11.38M$9.71M$12.11M$13.60M$12.77M$7.88M$10.68M$6.89M$9.24M
Selling, general and admin$11.30M$9.11M$6.12M$7.49M$7.96M$7.02M$7.55M$8.39M$5.75M$3.95M
Operating income-$15.15M-$8.12M-$9.42M-$14.83M-$15.97M-$8.62M-$14.86M-$8.12M-$11.75M-$2.80M
Interest expense$1.11M$5.48M$6.11M$5.22M$1.20M$1.31M$1.29M$2.20M$3.49M$1.98M
Net income-$15.84M-$13.15M-$15.52M-$20.06M-$16.40M-$10.18M-$16.11M-$10.32M-$18.37M-$5.01M
EPS, basic-$1.91-$9.81-$26.34-$54.42-$53.94-$1.02-$2.76-$2.46-$7.44-$2.22
EPS, diluted-$1.91-$9.81-$26.34-$54.42-$1.08-$1.02-$2.76-$2.46-$7.44-$2.22
Diluted shares8.3M1.3M589,647368,553.16715.2M10.1M5.8M4.2M2.5M2.3M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$10.42M$10.39M$603.0K$533.0K$49.0K$595.0K$913.0K$624.0K$12.13M$451.0K
Receivables$2.32M$3.98M$3.57M$5.67M$5.18M$4.72M$2.10M$2.61M$2.69M$2.48M
Inventory$8.05M$8.11M$11.30M$16.18M$17.05M$11.12M$10.51M$7.38M$5.93M$6.88M
Current assets$21.46M$23.31M$17.76M$24.09M$24.70M$18.45M$14.30M$10.94M$20.95M$10.32M
Total assets$23.34M$25.14M$18.88M$25.49M$26.32M$20.06M$15.99M$12.49M$24.48M$18.85M
Current liabilities$13.39M$17.66M$27.19M$25.66M$21.72M$8.93M$9.41M$14.23M$18.64M$11.88M
Short-term debt--------$222.0K$190.0K
Long-term debt--$10.87M$8.09M----$1.25M$1.36M
Total debt--$10.87M$8.09M-$770.0K--$1.47M$1.55M
Total liabilities$14.19M$18.49M$38.06M$33.96M$22.12M$9.65M$14.85M$19.23M$23.97M$20.51M
Shareholders' equity$9.15M$6.65M-$19.18M-$8.47M$4.20M$10.40M$1.15M-$6.74M$508.0K-$1.66M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow-$17.04M-$6.12M-$4.27M-$15.53M-$17.59M-$9.50M-$18.16M-$9.26M-$3.42M-$2.53M
Capital expenditures$272.0K$152.0K$85.0K-$326.0K$122.0K$322.0K$159.0K$813.0K$410.0K
Free cash flow-$17.31M-$6.28M-$4.35M--$17.91M-$9.62M-$18.48M-$9.42M-$4.24M-$2.94M
Investing cash flow-$253.0K-$167.0K-$20.0K-$2.0K-$335.0K-$161.0K-$277.0K$942.0K-$813.0K-$410.0K
Financing cash flow$17.32M$16.08M$4.36M$16.02M$17.38M$9.34M$18.73M-$3.19M$15.91M$1.58M
Share repurchases--$1.0K$2.0K$15.0K-----
Stock-based compensation$59.0K$528.0K$492.0K-----$276.0K$658.0K
Depreciation and amortization---$108.0K$143.0K$88.0K$61.0K$86.0K$551.0K$387.0K

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY-10.2%-15.1%-15.7%6.9%19.2%23.0%-11.2%1.0%-11.2%-7.6%
Gross margin20.4%30.0%21.7%22.8%27.4%30.7%23.3%28.0%18.3%21.8%
Operating margin-44.5%-21.4%-21.1%-28.0%-32.2%-20.7%-43.9%-21.3%-31.2%-6.6%
Net margin-46.5%-34.7%-34.7%-37.8%-33.1%-24.5%-47.6%-27.1%-48.7%-11.8%
Free cash flow margin-50.8%-16.5%-9.7%--36.1%-23.1%-54.7%-24.7%-11.2%-6.9%
Return on equity-173.1%-197.8%---390.2%-97.8%-1404.7%--3616.7%-
Return on assets-67.9%-52.3%-82.2%-78.7%-62.3%-50.7%-100.8%-82.7%-75.1%-26.6%
Current ratio1.601.320.650.941.142.071.520.771.120.87
Debt to equity-----0.07--2.90-

Source: XBRL data Reed's Inc. files with the SEC, latest filing dated Aug 12, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 1-for-6, first reported Nov 4, 2025.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

REED peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
REED$29.14M-19.1%-$18.50M-63.5%$36.6M
KO$51.05B+7.1%$14.63B28.7%$413.11B
KOFMXN 291.75B+4.3%MXN 23.84B8.2%$197.81B
PEP$98.24B+6.4%$10.90B11.1%$193.35B
BUD$59.32B-0.7%$6.84B11.5%$167.81B
MNST$9.58B+20.2%$2.17B22.7%$134.12B
DEO$27.76B-0.7%$1.96B7.1%$56.38B
CCEP€20.90B+2.3%€1.94B9.3%$53.34B
KDP$23.13B+43.0%$1.65B7.1%$50.27B

REED FAQ

8 questions
  • What is REED revenue?
    Reed's Inc. (REED) reported $29.14M of revenue for the twelve months ended Jun 30, 2026. That is down 19.1% from the year before. Revenue for fiscal 2025 was $34.06M.
  • Is REED profitable?
    No. Reed's Inc. reported a net loss of $18.50M for the twelve months ended Jun 30, 2026.
  • How much cash and debt does REED have?
    Reed's Inc. reported $2.41M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is REED revenue growing?
    Reed's Inc.'s revenue changed -10.2% in fiscal 2025, to $34.06M. Its compound annual growth rate was -3.9% over 5 years and -2.9% over 10 years.
  • What is REED gross margin?
    Reed's Inc.'s gross profit was $5.24M on $29.14M of revenue for the twelve months ended Jun 30, 2026, a gross margin of 18.0%.
  • What is REED earnings per share?
    Diluted earnings per share were -$1.77 for the twelve months ended Jun 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did REED last report financial results?
    The latest statements here come from Reed's Inc.'s 10-Q filed on Aug 12, 2026, covering the period ended Jun 30, 2026.
  • Where does this REED financial data come from?
    Quantisnow builds these statements from the structured XBRL data Reed's Inc. files with the SEC. It is provided for information only and is not investment advice.