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MARKETS / NYSE / REED
NYSE · BOTTLED & CANNED SOFT DRINKS & CARBONATED WATERS · SMALL CAP

Reed's, Inc. REED

16 fiscal years on record · USD · FY2025 reported · SEC filings only
$34.1M
▼ 10.2% YoY
$-15.8M
$-17.3M
In brief

What this company does

Our products are sold in over 32,000 outlets across the United States and in select international markets. We operate an asset-light business model that relies on a network of independent co-packers and distributors. We have 50 products that are sold throughout the United States and the Asia-Pacific region. We produce our products through a network of seven independent manufacturers and distribute our products through five independent distribution centers. We make our craft beverages with only premium, natural ingredients.

Written from the business description in Reed's, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 25 March 2026. Every sentence was checked against that document before publication.

Growth
USD 34.1M
Revenue, FY2025 · full 16-year series below
Revenue $M Net income $M
FY2025 · Revenue 34.1 · Net income -15.8
20M40M-8M-16M201020122014201620182020202220242025
Compound annual growth
−13.7%
−3.9%
−2.9%
+3.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −3.9% a year over five years.

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
−47 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -44.5% · Net -46.5%
-20%-40%201020122014201620182020202220242025
ROE
FY2025 · ROE -200.5%
-100%-200%201020122014201620182020202220242025

Each USD of equity lost 201 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -17.3
-8M-16M201020122014201620182020202220242025
Net buybacks $M Dividends $M
FY2023 · Dividends — · Net buybacks -4.0
-2.5M-5.0M202120222023

Total assetsUSD 23.3M
EquityUSD 9.2M
Current ratio1.60×

Equity funds 39% of total assets.

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
Metric 2025202420232022202120202019201820172016201520142013201220112010
Revenue $B0.00.00.00.10.00.00.00.00.00.00.00.00.00.00.00.0
Operating income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.00.0−0.00.0−0.0−0.0
EBITDA $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.00.0−0.00.00.0−0.0
Income tax $B···········0.00.0···
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·−0.0−0.0−0.0−0.0−0.0−0.0−0.00.00.00.0−0.0−0.0
EPS, diluted $−1.91−9.81−4.39−9.07−0.18−0.17−0.46−0.41−1.24−0.37−0.30−0.06−0.12·−0.09−0.14
Dividend / sh $················
Payout %················
ROE %−200.5···−224.6−176.2····−178.5−21.4−40.6−12.5−22.3−31.6
Shares out B0.010.010.000.000.000.090.050.030.020.010.010.010.010.010.010.01

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

Provenance
Company facts, as filed
How we verify · 0 failures · 3 divergences in 80 reconciliationsAUDITED

Reconciled in 13 of 19 fiscal years. 3 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. 15 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures3 divergent
ActivityBottled & Canned Soft Drinks & Carbonated Waters
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2010

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