Y
LQR House Inc.
YHCCIK 0001843165NasdaqEmerging GrowthBeveragesDelawareFY ends Dec 31
Period
FY 2025
Revenue
—
Net Income
$-25.52M
Total Assets
$31.23M
Equity
$29.33M
Shares Out
21.37M
Op. Cash Flow
$-33.82M
Business
LQR House Inc. operates an alcohol-focused e-commerce and marketing business centered on its CWSpirits.com online marketplace and related brand activities. It offers retail sales of spirits, wines and champagne, its proprietary SWOL Tequila line, subscription services (Vault and a planned Soleil Vino wine club) and marketing services including influencer campaigns, banner ads and email programs. Key business segments include the CWS Platform e-commerce operations, a marketing agency for third-party brands, owned-brand development and strategic partnerships for fulfillment and distribution (e.g., KBROS, CWS). The company distributes products primarily across the United States via digital channels, influencer networks and partner fulfillment and import arrangements, with limited Canadian supplier relationships and Mexican manufacturing for SWOL.
Summary from filing dated 2025-03-31
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Total revenues | 2 | 3 | 1 | — | |
| Total cost of revenue | 1 | 3 | 915,598 | 803,144 | |
| Gross profit (loss) | 169,299 | −313,175 | 205,024 | −202,013 | |
| General and administrative | 11 | 15 | 11 | 985,011 | |
| Sales and marketing | 643,608 | 4 | 2 | 655,151 | |
| Total operating expenses | 12 | 18 | 16 | 2 | |
| Loss from operations | −11 | −18 | −16 | −2 | |
| Impairment of investment | −1 | −5 | — | — | |
| Legal settlement expense | −13 | — | — | — | |
| Gain on sale of marketable securities | — | 5,674 | — | — | |
| Other income | 33,537 | 227,467 | — | — | |
| Total other expenses, net | −14 | −4 | −171,000 | — | |
| Income tax expense | — | — | — | — | |
| Net loss | −26 | −23 | −16 | −2 | |
| Weighted average common shares outstanding - basic (in Shares) | 7 | 157,656 | 925,607 | 225,376 | |
| Weighted average common shares outstanding - diluted (in Shares) | 7 | 157,656 | 925,607 | 225,376 | |
| Net loss per common share - basic (in Dollars per share) | −3.51 | −144.33 | −17.01 | −8.17 | |
| Net loss per common share - diluted (in Dollars per share) | −3.51 | −144.33 | −17.01 | −8.17 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 6 | 5 | 7 | 7,565 | 1 | |
| Accounts receivable, net | 23,946 | 28,040 | — | — | — | |
| Advance for investment in joint venture | 4 | — | — | — | — | |
| Advance payment to distributor | 3 | — | — | — | — | |
| Prepaid expenses | 276,157 | 240,729 | 2 | — | — | |
| Security deposit | 19,450 | — | — | — | — | |
| Total current assets | 16 | 6 | 15 | 547,023 | — | |
| Property and equipment, net | 312,163 | — | — | — | — | |
| Right of use asset | 51,651 | — | 8,402 | — | — | |
| Deferred offering costs | 203,950 | — | — | — | — | |
| Intangible assets, net | — | 10,000 | 10,000 | 2 | — | |
| Investment in joint ventures | 15 | — | — | — | — | |
| Investment, at cost | — | 1 | — | — | — | |
| Total assets | 31 | 7 | 15 | 3 | — | |
| Accounts payable | 76,519 | 530,643 | 265,229 | 287,457 | — | |
| Accrued and other payables | 982,739 | 927,711 | 138,585 | 199,256 | — | |
| Accrued and other payables, related party | 760,975 | 6 | — | — | — | |
| Contract liabilities | 10,423 | — | — | — | — | |
| Lease liability | 21,428 | — | 7,324 | — | — | |
| Total current liabilities | 2 | 7 | 469,727 | 590,715 | — | |
| Lease liability, non-current | 41,023 | — | 2,534 | — | — | |
| Total liabilities | 2 | 7 | 472,261 | 590,715 | — | |
| Commitments and contingencies (Note 15) | — | — | — | — | — | |
| Common stock, $0.0001 par value, 350,000,000 shares authorized, 21,371,656 and 21,366,209 shares issued and outstanding as of December 31, 2025 and 435,788 and 430,341 shares issued and outstanding as of December 31, 2024, respectively | 2,137 | 44 | 482 | 23 | — | |
| Additional paid-in capital | 98 | 42 | 34 | — | — | |
| Treasury stock, at cost (5,447 shares) | −547,415 | −547,415 | — | — | — | |
| Accumulated deficit | −68 | −42 | −20 | −4 | — | |
| Total stockholders equity (deficit) | 29 | −517,961 | 15 | 2 | 4 | |
| Total liabilities and stockholders equity (deficit) | 31 | 7 | 15 | 3 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Amortization of right-of-use asset | 7,637 | — | — | — | |
| Bad debts | 64,530 | — | — | — | |
| Provision for expected credit losses | 67,948 | — | — | — | |
| Depreciation | 28,378 | — | — | — | |
| Write off of advances to related party | — | 177,340 | — | — | |
| Impairment of investment | 1 | 5 | — | — | |
| Share based compensation | 2 | 3 | — | — | |
| Accounts receivable | −60,436 | −28,040 | — | — | |
| Accounts receivable, related parties | −150,721 | 22,983 | 52,199 | −130,772 | |
| Advance payment to distributor | −3 | — | — | — | |
| Prepaid expenses | −35,428 | 2 | −2 | — | |
| Due from related party | −2 | — | — | — | |
| Accounts payable | −454,124 | 265,414 | — | — | |
| Accounts payable, related parties | −21,175 | −37,414 | −45,413 | — | |
| Accrued and other payables | 61,828 | 789,126 | 110,329 | 199,256 | |
| Accrued and other payables, related party | −5 | 6 | — | — | |
| Contract liabilities | 10,423 | — | — | — | |
| Security deposit | −19,450 | — | — | — | |
| Lease liability, net | 3,163 | −1,456 | — | — | |
| Net cash used in operating activities | −34 | −7 | −9 | −918,197 | |
| Purchase of property and equipment | −340,541 | — | −10,000 | — | |
| Advance for investment in joint venture | −4 | — | — | — | |
| Payment for investment in joint ventures | −15 | — | — | — | |
| Purchases of marketable securities | — | −8 | — | — | |
| Sales of marketable securities | — | 8 | — | — | |
| Return of deposits in escrow | — | 670,000 | — | — | |
| Net cash (used in) provided by investing activities | −19 | 675,674 | −5 | −190,339 | |
| Payment of deferred offering costs | −88,950 | — | — | — | |
| Issuance of common stock pursuant to exercise of warrants | 4 | — | — | — | |
| Issuance of common stock pursuant to registered direct offerings | 6 | 2 | 5 | — | |
| Issuance of common stock pursuant to ATM | 43 | — | — | — | |
| Issuance of common stock pursuant to private placement | — | 3 | 955,000 | — | |
| Offering costs | — | −80,500 | — | — | |
| Repurchase and buyback of common stock | — | −547,415 | −1 | — | |
| Net cash provided by financing activities | 53 | 4 | 22 | — | |
| Net change in cash and cash equivalents | 588,619 | −2 | 7 | −1 | |
| Cash paid for income taxes | — | — | — | — | |
| Cash paid for interest | — | — | — | — | |
| Issuance of common stock for accrued and other payables | 111,000 | — | — | — | |
| Deferred offering costs included in accrued expenses and other payables | 115,000 | — | — | — | |
| Operating lease liabilities arising from obtaining right-of-use assets | 51,651 | — | — | — | |
| Common stock issued for investment | — | 817,500 | — | — | |
| Reclassification of deposit in escrow to investment | — | 5 | — | — |
Filings
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