REED NYSE Bottled & Canned Soft Drinks & Carbonated Waters Financials FY2016βFY2025
Reed's, Inc. had $34.1M of revenue in fiscal 2025, down 10.2% on the year before. Over five years, revenue changed β3.9% a year on average.
Last close Β· Oct 23, 2026
$0.59
20.6%Hi! I read Reed's, Inc.βs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
β10.2%
No. Sales fell 10.2% last year.
Does it make a profit?
β46.5%
No. It lost money last year.
Does profit turn into cash?
β50.8%
No. It spent more cash than it brought in.
How healthy are the accounts?
1 / 8
Weak. It passes 1 of 8 health tests.
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
In plain words: Every quarter, companies publish how much they sold and earned. These are the days Reed's, Inc. did it, and the next one. Share prices often move a lot on those days.
Next results
November 10, 2026
Tuesday Β· in 15 days
| Date | Results for | Time | Source |
|---|---|---|---|
| Aug 11, 2026 | Q2 '26 | After the market closes | 8-K β |
| May 12, 2026 | Q1 '26 | After the market closes | 8-K β |
| Mar 24, 2026 | Q4 '25 | After the market closes | 8-K β |
| Nov 3, 2025 | Q3 '25 | Time not announced | 8-K β |
| Aug 12, 2025 | Q2 '25 | After the market closes | 8-K β |
| May 13, 2025 | Q1 '25 | After the market closes | 8-K β |
| Mar 25, 2025 | Q4 '24 | Time not announced | 8-K β |
| Nov 14, 2024 | Q3 '24 | Before the market opens | 8-K β |
From SEC filings: the results press release (8-K) or, without one, the quarterly or annual report.
KIRA Β· Reed's, Inc. had $34.1M of revenue in fiscal 2025, down 10.2% on the year before. Over five years, revenue changed β3.9% a year on average. Its operating margin was β44.5%, down 23.1Β pts: of every 100 in sales, about β44 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Reed's, Inc. lost $15.8M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was β$17.3M in fiscal 2025, β50.8% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· No open-market insider trades in the last 12 months.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
No open-market insider trades in the last 12 months.
Can it carry its debts, and how well does it use its money?
Cash, debt and the ratios that show how comfortably Reed's, Inc. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $0.0M | $0.5M | $0.6M | $10.4M | $10.4M |
| Interest coverage | β13.3x | β2.8x | β1.5x | β1.5x | β13.7x |
| Current ratio | 1.1x | 0.9x | 0.7x | 1.3x | 1.6x |
| Quick ratio | 0.4x | 0.3x | 0.2x | 0.9x | 1.0x |
| Total assets | $26.3M | $25.5M | $18.9M | $25.1M | $23.3M |
| Total liabilities | $22.1M | $34.0M | $38.1M | $18.5M | $14.2M |
| Shareholders' equity | $4.2M | β$8.5M | β$19.2M | $6.6M | $9.2M |
| Net debt (β = net cash) | β | β | β | β | β |
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Reed's, Inc. passes 1 of 8 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | 3 / 9 | 3 / 8 | 1 / 8 | 4 / 8 | 0 / 8 | 3 / 8 | 2 / 8 | 5 / 8 | 1 / 8 |
| Accruals ratio | β13.1% | β69.0% | β5.8% | 14.4% | β3.8% | 5.1% | β17.5% | β50.7% | β31.9% | 4.9% |
| Altman Z'' | β7.11 | β9.26 | β22.24 | β19.76 | β12.74 | β15.91 | β20.33 | β31.11 | β20.01 | β24.84 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $42.5M | $37.7M | $38.1M | $33.8M | $41.6M | $49.6M | $53.0M | $44.7M | $38.0M | $34.1M |
| Gross profit | $9.2M | $6.9M | $10.7M | $7.9M | $12.8M | $13.6M | $12.1M | $9.7M | $11.4M | $7.0M |
| Operating income | β$2.8M | β$11.7M | β$8.1M | β$14.9M | β$8.6M | β$16.0M | β$14.8M | β$9.4M | β$8.1M | β$15.1M |
| Interest expense | $2.0M | $3.5M | $2.2M | $1.3M | $1.3M | $1.2M | $5.2M | $6.1M | $5.5M | $1.1M |
| Net income | β$5.0M | β$18.4M | β$10.3M | β$16.1M | β$10.2M | β$16.4M | β$20.1M | β$15.5M | β$13.2M | β$15.8M |
| Net income to common | β$5.0M | β$18.4M | β$10.3M | β$16.1M | β$10.2M | β$16.4M | β$20.1M | β$15.5M | β$13.2M | β$15.8M |
| Diluted EPS | β$0.37 | β$1.24 | β$0.41 | β$0.46 | β$0.17 | β$0.18 | β$9.07 | β$4.39 | β$9.81 | β$1.91 |
| Diluted shares | 0.01B | 0.01B | 0.03B | 0.04B | 0.06B | 0.09B | 0.00B | 0.00B | 0.00B | 0.01B |
| Cash flow | ||||||||||
| Cash from operations | β$2.5M | β$3.4M | β$9.3M | β$18.2M | β$9.5M | β$17.6M | β$15.5M | β$4.3M | β$6.1M | β$17.0M |
| Capital expenditure | $0.4M | $0.8M | $0.2M | $0.3M | $0.1M | $0.3M | β | $0.1M | $0.2M | $0.3M |
| Free cash flow | β$2.9M | β$4.2M | β$9.4M | β$18.5M | β$9.6M | β$17.9M | β | β$4.4M | β$6.3M | β$17.3M |
| Depreciation and amortization | $0.4M | $0.6M | $0.1M | $0.1M | $0.1M | $0.1M | $0.1M | $0.1M | $0.1M | $0.2M |
| Stock-based compensation | $0.7M | $0.3M | $0.7M | $0.4M | β | β | β | $0.5M | $0.5M | $0.1M |
| Share buybacks | β | β | β | β | β | $0.0M | $0.0M | $0.0M | β | β |
| Dividends and buybacks | β | β | β | β | β | $0.0M | $0.0M | $0.0M | β | β |
| Balance sheet | ||||||||||
| Cash and short-term investments | $0.5M | $12.1M | $0.6M | $0.9M | $0.6M | $0.0M | $0.5M | $0.6M | $10.4M | $10.4M |
| Total debt | $2.4M | $1.5M | β | β | β | β | β | β | β | β |
| Finance lease liabilities | β | β | $0.1M | $0.1M | $0.0M | β | β | β | β | β |
| Current assets | $10.3M | $20.9M | $10.9M | $14.3M | $18.5M | $24.7M | $24.1M | $17.8M | $23.3M | $21.5M |
| Current liabilities | $11.9M | $18.6M | $14.2M | $9.4M | $8.9M | $21.7M | $25.7M | $27.2M | $17.7M | $13.4M |
| Inventory | $6.9M | $5.9M | $7.4M | $10.5M | $11.1M | $17.0M | $16.2M | $11.3M | $8.1M | $8.0M |
| Property and equipment, net | $7.7M | $0.2M | $0.9M | $1.1M | $0.9M | $1.0M | $0.8M | $0.5M | $1.2M | $1.2M |
| Intangible assets | $0.8M | $0.8M | $0.6M | $0.6M | $0.6M | $0.6M | $0.6M | $0.6M | $0.6M | $0.7M |
| Total assets | $18.9M | $24.5M | $12.5M | $16.0M | $20.1M | $26.3M | $25.5M | $18.9M | $25.1M | $23.3M |
| Total liabilities | $20.5M | $24.0M | $19.2M | $14.8M | $9.7M | $22.1M | $34.0M | $38.1M | $18.5M | $14.2M |
| Preferred stock | $0.1M | $0.1M | $0.1M | $0.1M | $0.1M | $0.1M | $0.1M | $0.1M | $0.1M | $0.1M |
| Shareholders' equity | β$1.7M | $0.5M | β$6.7M | $1.1M | $10.4M | $4.2M | β$8.5M | β$19.2M | $6.6M | $9.2M |
| Margins | ||||||||||
| Gross margin | 21.8% | 18.3% | 28.0% | 23.3% | 30.7% | 27.4% | 22.8% | 21.7% | 30.0% | 20.4% |
| Operating margin | β6.6% | β31.2% | β21.3% | β43.9% | β20.7% | β32.2% | β28.0% | β21.1% | β21.4% | β44.5% |
| EBITDA margin | β5.7% | β29.7% | β21.1% | β43.7% | β20.5% | β31.9% | β27.8% | β20.7% | β21.1% | β44.0% |
| Net margin | β11.8% | β48.7% | β27.1% | β47.6% | β24.5% | β33.1% | β37.8% | β34.7% | β34.7% | β46.5% |
| FCF margin | β6.9% | β11.2% | β24.7% | β54.7% | β23.1% | β36.1% | β | β9.7% | β16.5% | β50.8% |
| Returns | ||||||||||
| Return on capital | β819.0% | β | β | β | β | β | β | β | β | β |
| Return on capital employed | β40.2% | β201.5% | 466.0% | β225.7% | β77.4% | β347.4% | 8,674.9% | 113.4% | β108.4% | β152.2% |
| Return on equity | β | β | β | β | β176.2% | β224.6% | β | β | β | β200.5% |
| Return on assets | β26.6% | β84.8% | β55.9% | β113.1% | β56.5% | β70.7% | β77.4% | β70.0% | β59.8% | β65.4% |
| Return on tangible equity | β | β | β | β2,822.6% | β104.0% | β458.4% | β | β | β219.1% | β186.4% |
| Growth | ||||||||||
| Revenue growth | β | β11.2% | 1.0% | β11.2% | 23.0% | 19.2% | 6.9% | β15.7% | β15.1% | β10.2% |
| Share count change | β | 8.5% | 71.6% | 38.3% | 73.0% | 50.4% | β97.6% | 60.0% | β62.1% | 519.5% |
| Financial health | ||||||||||
| Debt / equity | β | 2.9x | β | β | β | β | β | β | β | β |
| Interest coverage | β1.4x | β3.4x | β3.7x | β11.6x | β6.6x | β13.3x | β2.8x | β1.5x | β1.5x | β13.7x |
| Current ratio | 0.9x | 1.1x | 0.8x | 1.5x | 2.1x | 1.1x | 0.9x | 0.7x | 1.3x | 1.6x |
| Quick ratio | 0.3x | 0.8x | 0.2x | 0.4x | 0.8x | 0.4x | 0.3x | 0.2x | 0.9x | 1.0x |
| Capital allocation | ||||||||||
| Capex / revenue | 1.0% | 2.2% | 0.4% | 1.0% | 0.3% | 0.7% | β | 0.2% | 0.4% | 0.8% |
| Stock comp / revenue | 1.5% | 0.7% | 1.8% | 1.1% | β | β | β | 1.1% | 1.4% | 0.2% |
| Quality scores | ||||||||||
| Piotroski F-score | β | 3.0 | 3.0 | 1.0 | 4.0 | 0.0 | 3.0 | 2.0 | 5.0 | 1.0 |
| Altman Z'' | β7.1 | β9.3 | β22.2 | β19.8 | β12.7 | β15.9 | β20.3 | β31.1 | β20.0 | β24.8 |
| Accruals ratio | β13.1% | β69.0% | β5.8% | 14.4% | β3.8% | 5.1% | β17.5% | β50.7% | β31.9% | 4.9% |
Source: SEC EDGAR XBRL filings (CIK 0001140215). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
