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BALCAO · BEVERAGES · SMALL CAP

Jones Soda Co. JSDA

16 fiscal years on record · USD · FY2025 reported · SEC filings only
$25.3M
▲ 42.2% YoY
$-1.8M
$-1.7M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

We develop, produce, market and distribute premium beverages that we sell and distribute in the United States and Canada through our network of independent distributors, directly to our national and regional retail accounts and directly to consumers through e-commerce. Our company is a Washington corporation formed in 2000 as a successor to Urban Juice and Soda Company Ltd., a Canadian company formed in 1986. In addition, we license the Mary Jones brand and formulations for THC infused beverages to MJ Reg Distruptors, a US company, for products sold in select US states and Canadian provinces. The beverage industry is highly competitive. The Company competes with large global beverage manufacturers, regional beverage companies, specialty beverage producers, and private label suppliers across several product categories. As of the date of this Report, we have 27 employees, all of which are full-time, and with the exception of two employees located in Canada are all located in the United States.

Written from the business description in Jones Soda Co.'s annual report to the U.S. Securities and Exchange Commission, filed 31 March 2026. Every sentence was checked against that document before publication.

Growth

USD 25.3M
Revenue, FY2025 · full 16-year series below
Revenue $M Net income $M
FY2025 · Revenue 25.3 · Net income -1.8
10M20M-4M-8M
201020132016201920222025
Compound annual growth
+9.9%
+16.3%
+6.4%
+2.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +16.3% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−7 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -18.8% · Net -7.0%
-20%-40%
201020172025
ROE
FY2025 · ROE -98.2%
-100%-200%
201020172025
Three returns, three denominators.

Each USD of equity lost 98 cents this year.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -1.7
-2.5M-5.0M
201020172025

Total assetsUSD 15.2M
EquityUSD 1.5M
CashUSD 3.6M
Gross debtUSD 200,000.00
Net debtUSD -3.4M
Current ratio0.96×

The company holds more cash than debt.

The 16-year record

16 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
JSDA, 16-year financial record
Metric 2025202420232022202120202019201820172016201520142013201220112010
Revenue $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Operating income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
EBITDA $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Income tax $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0−0.0
Net income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Free cash flow $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0◌−0.0−0.0−0.0−0.0
EPS, diluted $−0.01−0.09−0.05◌−0.03−0.05−0.05−0.05−0.030.00−0.03−0.04−0.05−0.08−0.22−0.22
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend————————————————
ROE %−98.2−203.9−50.3−78.2−40.3−52.1——−92.5−10.2−51.0−52.4−47.1−63.2−107.8−68.8
Shares out B0.120.120.100.100.070.060.060.040.040.040.040.040.040.040.030.03

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

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Provenance

Company facts, as filed

How we verify · 0 failures · 1 divergence in 78 reconciliationsAUDITED

Reconciled in 15 of the 16 fiscal years we could check. 1 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. Six checks were skipped: the balance sheet is not tagged before 2010. Four checks were skipped: the share count is not tagged before 2011. Three checks were skipped: revenue is not tagged before 2010.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures1 divergent
ActivityBeverages
Listed onOTC market
Incorporated inWashington
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2010

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