REED'S, INC.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $34.1M | $38.0M | $44.7M | $53.0M | $49.6M |
| Cost of revenue | $25.1M | $26.3M | $31.9M | $40.9M | $36.0M |
| Gross profit | $7.0M | $11.4M | $9.7M | $12.1M | $13.6M |
| Operating expenses | $22.1M | $19.5M | $19.1M | $26.9M | $29.6M |
| Operating income | -$15.1M | -$8.1M | -$9.4M | -$14.8M | -$16.0M |
| Interest expense | $1.1M | $5.5M | $6.1M | $5.2M | $1.2M |
| Net income | -$15.8M | -$13.2M | -$15.5M | -$20.1M | -$16.4M |
| Balance Sheet | |||||
| Current assets | $21.5M | $23.3M | $17.8M | $24.1M | $24.7M |
| Total assets | $23.3M | $25.1M | $18.9M | $25.5M | $26.3M |
| Current liabilities | $13.4M | $17.7M | $27.2M | $25.7M | $21.7M |
| Total liabilities | $14.2M | $18.5M | $38.1M | $34.0M | $22.1M |
| Stockholders' equity | $9.2M | $6.6M | -$19.2M | -$8.5M | $4.2M |
| Cash Flow Statement | |||||
| Cash from operations | -$17.0M | -$6.1M | -$4.3M | -$15.5M | -$17.6M |
| Depreciation and amortization | $160,000 | $125,000 | $142,000 | $108,000 | $143,000 |
| Stock-based compensation | $59,000 | $528,000 | $492,000 | — | — |
| Capital expenditure | $272,000 | $152,000 | $85,000 | — | $326,000 |
| Free cash flow | -$17.3M | -$6.3M | -$4.4M | — | -$17.9M |
| Share repurchases | — | — | $1,000 | $2,000 | $15,000 |
| Impairments | $0 | $0 | $0 | $0 | $0 |
Shares outstanding 11.9M · Free float 65.2%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.