NYSEAMERICAN : REED
Reed's, Inc. — Financial statements
Consumer Staples · Beverages - Non-Alcoholic · United States
Last price 0.7428 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 21.75M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Reed's, Inc. (REED) reported revenue of 29.14M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 29.14M | 34.06M | 37.95M | 44.71M | 53.04M | 49.60M |
| Cost of Revenue | 21.89M | 25.09M | 26.30M | 31.88M | 40.93M | 36.00M |
| Gross Profit | 7.25M | 8.97M | 11.65M | 12.83M | 12.11M | 13.60M |
| Selling, General & Admin | 22.96M | 21.94M | 19.38M | 18.54M | 26.41M | 29.28M |
| Operating Expenses | 23.13M | 22.11M | 19.49M | 19.13M | 26.95M | 29.28M |
| Operating Income | -15.88M | -13.13M | -7.84M | -6.30M | -14.83M | -15.68M |
| Interest Expense | -926.00K | -1.11M | -5.48M | -6.11M | -5.22M | -1.20M |
| Other Non Operating Income (Expenses) | 318.00K | 414.00K | 445.00K | |||
| EBT Excluding Unusual Items | -16.49M | -13.83M | -12.88M | -12.41M | -20.06M | -16.88M |
| Asset Writedown | -2.01M | -2.01M | -277.00K | -1.85M | ||
| Legal Settlements | -292.00K | |||||
| Other Unusual Items | -1.27M | 770.00K | ||||
| Pretax Income | -18.50M | -15.84M | -13.15M | -15.52M | -20.06M | -16.40M |
| Net Income | -18.50M | -15.84M | -13.15M | -15.52M | -20.06M | -16.40M |
| Preferred Dividends & Other Adjustments | 5.00K | 5.00K | 5.00K | 5.00K | 5.00K | |
| Net Income to Common | -18.50M | -15.85M | -13.16M | -15.53M | -20.06M | -16.41M |
| Shares Outstanding (Basic) | 10.40M | 8.30M | 1.34M | 589.65K | 368.55K | 304.12K |
| Shares Outstanding (Diluted) | 10.40M | 8.30M | 1.34M | 589.65K | 368.55K | 304.12K |
| EPS (Basic) | -1.78 | -1.91 | -9.82 | -26.33 | -54.43 | -53.95 |
| EPS (Diluted) | -1.78 | -1.91 | -9.82 | -26.33 | -54.43 | -53.95 |
| Free Cash Flow | -14.82M | -17.31M | -6.28M | -4.35M | -15.53M | -17.91M |
| Free Cash Flow Per Share | -1.43 | -2.08 | -4.68 | -7.38 | -42.14 | -58.91 |
| Gross Margin | 24.88% | 26.35% | 30.70% | 28.69% | 22.84% | 27.42% |
| Operating Margin | -54.49% | -38.56% | -20.65% | -14.09% | -27.97% | -31.61% |
| Profit Margin | -63.48% | -46.52% | -34.67% | -34.73% | -37.82% | -33.08% |
| Free Cash Flow Margin | -50.85% | -50.81% | -16.54% | -9.73% | -29.28% | -36.12% |
| EBITDA | -15.76M | -12.97M | -7.71M | -6.16M | -14.73M | -15.54M |
| EBITDA Margin | -54.07% | -38.09% | -20.32% | -13.78% | -27.76% | -31.32% |
| D&A For EBITDA | 122.00K | 160.00K | 125.00K | 142.00K | 108.00K | 143.00K |
| EBIT | -15.88M | -13.13M | -7.84M | -6.30M | -14.83M | -15.68M |
| EBIT Margin | -54.49% | -38.56% | -20.65% | -14.09% | -27.97% | -31.61% |
| Advertising Expenses | 126.00K | 63.00K | 24.00K | 668.00K | 1.42M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.41M | 10.42M | 10.39M | 603.00K | 533.00K | 49.00K |
| Cash & Short-Term Investments | 2.41M | 10.42M | 10.39M | 603.00K | 533.00K | 49.00K |
| Accounts Receivable | 3.11M | 2.32M | 3.98M | 3.57M | 5.67M | 5.18M |
| Other Receivables | 144.00K | 259.00K | 777.00K | 933.00K | ||
| Receivables | 3.11M | 2.32M | 4.12M | 3.83M | 6.45M | 6.12M |
| Inventory | 6.99M | 8.05M | 8.11M | 11.30M | 16.18M | 17.05M |
| Prepaid Expenses | 1.15M | 673.00K | 683.00K | 2.03M | 939.00K | 1.49M |
| Total Current Assets | 13.66M | 21.46M | 23.31M | 17.76M | 24.09M | 24.70M |
| Property, Plant & Equipment | 1.14M | 1.23M | 1.19M | 493.00K | 766.00K | 992.00K |
| Other Intangible Assets | 650.00K | 650.00K | 644.00K | 629.00K | 626.00K | 624.00K |
| Total Assets | 15.45M | 23.34M | 25.14M | 18.88M | 25.49M | 26.32M |
| Accounts Payable | 6.20M | 3.50M | 7.10M | 9.39M | 11.83M | 11.05M |
| Accrued Expenses | 634.00K | 669.00K | 984.00K | 1.10M | 233.00K | 286.00K |
| Short-Term Debt | 9.23M | 9.18M | 9.57M | 9.76M | 10.97M | 10.23M |
| Current Portion of Long-Term Debt | 6.74M | 2.43M | ||||
| Current Portion of Leases | 35.00K | 40.00K | 207.00K | 187.00K | 161.00K | |
| Total Current Liabilities | 16.15M | 13.39M | 17.66M | 27.19M | 25.66M | 21.72M |
| Long-Term Debt | 10.87M | 8.09M | ||||
| Long-Term Leases | 787.00K | 803.00K | 837.00K | 207.00K | 394.00K | |
| Total Liabilities | 16.93M | 14.19M | 18.49M | 38.06M | 33.96M | 22.12M |
| Common Stock | 5.00K | 5.00K | 1.00K | |||
| Additional Paid-In Capital | 176.88M | 176.78M | 158.44M | 119.45M | 114.64M | 107.25M |
| Retained Earnings | -178.47M | -167.73M | -151.88M | -138.73M | -123.20M | -103.14M |
| Total Common Equity | -1.58M | 9.06M | 6.55M | -19.27M | -8.56M | 4.11M |
| Shareholders' Equity | -1.49M | 9.15M | 6.65M | -19.18M | -8.47M | 4.20M |
| Total Liabilities & Equity | 15.45M | 23.34M | 25.14M | 18.88M | 25.49M | 26.32M |
| Total Debt | 10.05M | 10.03M | 10.41M | 27.58M | 21.89M | 10.78M |
| Net Cash (Debt) | -7.64M | 399.00K | -17.00K | -26.97M | -21.36M | -10.73M |
| Net Cash Per Share | -0.73 | 0.05 | -0.01 | -45.74 | -57.96 | -35.30 |
| Filing Date Shares Outstanding | 11.86M | 11.82M | 7.56M | 697.88K | 433.73K | 376.14K |
| Total Common Shares Outstanding | 11.86M | 11.82M | 7.56M | 697.88K | 419.91K | 312.45K |
| Working Capital | -2.48M | 8.07M | 5.66M | -9.43M | -1.56M | 2.98M |
| Book Value Per Share | -0.13 | 0.77 | 0.87 | -27.62 | -20.39 | 13.15 |
| Tangible Book Value | -2.23M | 8.41M | 5.91M | -19.90M | -9.19M | 3.48M |
| Tangible Book Value Per Share | -0.19 | 0.71 | 0.78 | -28.52 | -21.89 | 11.15 |
| Machinery | 938.00K | 938.00K | 905.00K | 752.00K | 829.00K | 829.00K |
| Construction In Progress | 67.00K | 82.00K | 85.00K | |||
| Leasehold Improvements | 164.00K | 164.00K | 84.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -18.50M | -15.84M | -13.15M | -15.52M | -20.06M | -16.40M |
| Depreciation & Amortization | 123.00K | 160.00K | 125.00K | 142.00K | 108.00K | 143.00K |
| Other Amortization | 141.00K | 295.00K | 1.06M | 1.14M | 530.00K | 162.00K |
| Loss (Gain) From Sale of Assets | -5.00K | -5.00K | 8.00K | 67.00K | ||
| Stock-Based Compensation | 11.00K | 59.00K | 528.00K | 493.00K | 859.00K | 1.93M |
| Provision & Write-off of Bad Debts | 949.00K | 980.00K | 859.00K | 608.00K | 575.00K | -19.00K |
| Other Operating Activities | 1.45M | 2.19M | 3.60M | 5.49M | 2.96M | -651.00K |
| Change in Accounts Receivable | 1.01M | 743.00K | -1.27M | 275.00K | -525.00K | -446.00K |
| Change in Inventory | 5.01M | -1.95M | 2.91M | 2.65M | 531.00K | -5.87M |
| Change in Accounts Payable | -2.26M | -3.35M | -1.39M | -1.07M | -629.00K | 3.69M |
| Change in Other Net Operating Assets | -2.61M | -325.00K | 614.00K | 1.53M | 114.00K | -187.00K |
| Operating Cash Flow | -14.64M | -17.04M | -6.12M | -4.27M | -15.53M | -17.59M |
| Capital Expenditures | -177.00K | -272.00K | -152.00K | -85.00K | -326.00K | |
| Sale of Property, Plant & Equipment | 25.00K | 25.00K | 68.00K | |||
| Sale (Purchase) of Intangibles | -6.00K | -15.00K | -3.00K | -2.00K | -9.00K | |
| Investing Cash Flow | -152.00K | -253.00K | -167.00K | -20.00K | -2.00K | -335.00K |
| Short-Term Debt Issued | 38.72M | 43.84M | 54.56M | 66.23M | ||
| Long-Term Debt Issued | 1.40M | 3.75M | 12.43M | |||
| Total Debt Issued | 40.12M | 47.59M | 66.99M | 66.23M | ||
| Short-Term Debt Repaid | -39.15M | -45.21M | -53.46M | -56.01M | ||
| Long-Term Debt Repaid | -650.00K | -514.00K | -200.00K | -3.10M | -2.00K | |
| Total Debt Repaid | -650.00K | -650.00K | -39.67M | -45.41M | -56.56M | -56.01M |
| Net Debt Issued (Repaid) | -650.00K | -650.00K | 453.00K | 2.17M | 10.44M | 10.23M |
| Issuance of Common Stock | 15.18M | 18.18M | 11.88M | 4.02M | 5.03M | 7.36M |
| Repurchase of Common Stock | -1.00K | -2.00K | -15.00K | |||
| Other Financing Activities | -203.00K | 3.74M | -1.83M | 546.00K | -193.00K | |
| Financing Cash Flow | 14.53M | 17.32M | 16.08M | 4.36M | 16.02M | 17.38M |
| Net Cash Flow | -267.00K | 33.00K | 9.79M | 70.00K | 484.00K | -546.00K |
| Free Cash Flow | -14.82M | -17.31M | -6.28M | -4.35M | -15.53M | -17.91M |
| Free Cash Flow Margin | -50.85% | -50.81% | -16.54% | -9.73% | -29.28% | -36.12% |
| Free Cash Flow Per Share | -1.43 | -2.08 | -4.68 | -7.38 | -42.14 | -58.91 |
| Levered Free Cash Flow | -6.93M | -10.70M | -4.95M | -1.28M | -9.22M | -12.31M |
| Unlevered Free Cash Flow | -6.49M | -10.30M | -2.58M | 1.40M | -6.48M | -11.72M |
| Cash Interest Paid | 798.00K | 826.00K | 870.00K | 1.05M | 1.91M | 430.00K |
| Change in Working Capital | 1.19M | -4.87M | 863.00K | 3.38M | -509.00K | -2.82M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 22.22M | 24.82M | 28.36M | 6.70M | 8.80M | 33.62M |
| Enterprise Value | 29.86M | 30.79M | 55.34M | 32.84M | 30.99M | 41.62M |
| Last Close Price | 0.76 | 2.10 | 3.75 | 9.60 | 20.94 | 107.61 |
| Forward PE | 187.50 | 187.50 | 187.50 | 187.50 | 187.50 | |
| PS Ratio | 0.76 | 0.73 | 0.75 | 0.15 | 0.17 | 0.68 |
| PB Ratio | 2.71 | 4.27 | -0.35 | -1.04 | 8.00 | |
| P/TBV Ratio | 2.95 | 4.80 | 9.65 | |||
| PEG Ratio | 2.61 | 2.61 | 2.61 | 2.61 | 2.61 | |
| EV/Sales Ratio | 1.02 | 0.90 | 1.46 | 0.73 | 0.58 | 0.84 |
| Debt / Equity Ratio | -6.77 | 1.10 | 1.57 | -1.44 | -2.58 | 2.57 |
| Net Debt / Equity Ratio | -5.14 | -0.04 | 0.00 | -1.41 | -2.52 | 2.55 |
| Net Debt / EBITDA Ratio | -0.48 | 0.03 | -0.00 | -4.38 | -1.45 | -0.69 |
| Net Debt / FCF Ratio | -0.52 | 0.02 | -0.00 | -6.20 | -1.38 | -0.60 |
| Asset Turnover | 1.49 | 1.41 | 1.72 | 2.02 | 2.05 | 2.14 |
| Inventory Turnover | 2.17 | 3.10 | 2.71 | 2.32 | 2.46 | 2.56 |
| Quick Ratio | 0.34 | 0.95 | 0.82 | 0.16 | 0.27 | 0.28 |
| Current Ratio | 0.85 | 1.60 | 1.32 | 0.65 | 0.94 | 1.14 |
| Return on Equity (ROE) | -14,800.00% | -200.54% | -224.58% | |||
| Return on Assets (ROA) | -50.69% | -33.87% | -22.26% | -17.75% | -35.79% | -42.26% |
| Return on Capital Employed (ROCE) | 2,274.90% | -132.00% | -104.70% | 75.90% | 8,674.90% | -341.10% |
| Earnings Yield | -234.46% | -63.82% | -46.37% | -231.70% | -227.98% | -48.79% |
| FCF Yield | -66.68% | -69.73% | -22.13% | -64.94% | -176.53% | -53.29% |
| Buyback Yield / Dilution | -115.95% | -519.43% | -127.30% | -59.99% | -21.19% | -50.44% |