REED'S, INC.

Listed Company

REEDCIK 0001140215NYSENon-AcceleratedSmaller ReportingBottled & Canned Soft Drinks & Carbonated WatersDelawareFY ends Dec 31

Period

FY 2025

Revenue

$34.06M

Net Income

$-15.84M

Total Assets

$23.34M

Equity

$9.15M

Shares Out

11.86M

Op. Cash Flow

$-17.04M

REED$1.00−67.53% · past 7 monthsDBEQ Basic

Daily closing prices

Business

Reed's, Inc. is a branded beverage company offering natural, premium, and functional beverages under the Reed's and Virgil's brands, sold in over 32,000 outlets across the United States and select international markets. The company produces ginger beers, ginger ales, craft sodas, functional sodas with adaptogen mushrooms and prebiotic fiber, and ready-to-drink alcoholic beverages (hard mules and hard ginger ales). Reed's operates through an asset-light model using independent co-packers for manufacturing and independent distributors, with products reaching market via direct-to-store delivery, wholesale distribution, and e-commerce channels.

Summary from 10-K filed 2026-03-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	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
Net Sales	34	38	45	53	50
Cost of goods sold	25	26	32	41	36
Inventory write-offs	2	277,000	—	—	—
Total cost of goods sold	27	27	—	—	—
Gross profit	7	11	10	12	14
Delivery and handling expense	5	6	8	12	12
Selling and marketing expense	5	4	5	7	10
General and administrative expense	11	9	6	7	8
Provision for receivable with former related party	169,000	115,000	585,000	538,000	—
Total operating expenses	22	19	19	27	30
Loss from operations	−15	−8	−9	−15	−16
Other Income	414,000	445,000	—	—	—
Interest expense, net	−1	−5	−6	−5	−1
Net loss	−16	−13	−16	−20	−16
Dividends on Series A Convertible Preferred Stock	−5,000	−5,000	−5,000	−5,000	−5,000
Net loss attributable to common stockholders	−16	−13	−16	−20	−16
Loss per share - basic	−1.91	−9.81	−4.39	−9.07	−8.99
Loss per share - diluted	−1.91	−9.81	−4.39	−9.07	—
Weighted average number of shares outstanding - basic	8	1	4	2	2
Weighted average number of shares outstanding - diluted	8	1	4	2	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2025 2025-08-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Cash	10	10	10	603,000	533,000
Accounts receivable, net of allowance of $980 and $859, respectively	2	—	4	4	6
Inventory, net	8	—	8	11	16
Prepaid expenses and other current assets	673,000	—	683,000	2	939,000
Total current assets	21	—	23	18	24
Property and equipment, net of accumulated depreciation of $785 and $636, respectively	1	—	1	493,000	766,000
Intangible assets	650,000	—	644,000	629,000	626,000
Total assets	23	—	25	19	25
Accounts payable	3	—	7	9	10
Accrued expenses	669,000	—	984,000	1	233,000
Senior secured loan, net of capitalized financing costs of $68 and $329, respectively	9	—	10	—	—
Current portion of lease liabilities	40,000	—	—	207,000	187,000
Total current liabilities	13	—	18	27	26
Lease liabilities, less current portion	803,000	—	837,000	—	207,000
Total liabilities	14	—	18	38	34
Commitments and Contingencies	0	—	0	0	—
Series A Convertible Preferred stock, $10 par value, 500,000 shares authorized, 9,411 shares issued and outstanding	94,000	—	94,000	94,000	94,000
Common stock, $.0001 par value, 60,000,000 shares authorized; 11,820,429 and 7,561,714 shares issued and outstanding, respectively	5,000	—	1,000	—	—
Additional paid in capital	177	—	158	119	115
Accumulated deficit	−168	—	−152	−139	−123
Total stockholders equity	9	—	7	−19	−8
Total liabilities and stockholders equity	23	—	25	19	25

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	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
Depreciation	160,000	125,000	142,000	108,000	—
Gain on disposal of property & equipment	−5,000	—	8,000	—	—
Amortization of debt discount	295,000	1	1	530,000	162,000
Fair value of vested options	59,000	528,000	490,000	701,000	2
Allowance for estimated credit losses	980,000	859,000	608,000	37,000	−19,000
Inventory write down	2	277,000	955,000	—	—
Accrued interest on convertible note	—	3	3	2	—
Lease liability	6,000	−205,000	—	—	—
Accounts receivable	743,000	−1	275,000	−525,000	−446,000
Inventory	−2	3	3	531,000	−6
Prepaid expenses and other assets	−51,000	561,000	528,000	55,000	322,000
Decrease in right of use assets	46,000	169,000	140,000	117,000	100,000
Accounts payable	−3	−1	−1	−629,000	4
Accrued expenses	−320,000	−116,000	859,000	−58,000	−609,000
Net cash used in operating activities	−17	−6	−4	−16	−18
Intangible asset trademark costs	−6,000	−15,000	−3,000	−2,000	−9,000
Purchase of property and equipment	−272,000	−152,000	−85,000	—	−326,000
Sale of property and equipment	25,000	—	68,000	—	—
Net cash used in investing activities	−253,000	−167,000	−20,000	−2,000	−335,000
Proceeds from line of credit	—	29	44	55	66
Payments on the line of credit	—	−39	−45	−53	−56
Proceeds from sale of common stock	18	12	4	5	7
Proceeds from senior secured loan payable, net of expenses	—	10	—	—	—
Proceeds from convertible note payable, net of expenses	—	1	4	12	—
Proceeds received from SAFE agreement	—	4	—	—	—
Payment of note payable	−650,000	—	—	—	—
Payment of convertible note payable	—	−514,000	−200,000	−3	—
Amounts from former related party, net	−169,000	−115,000	−2	1	−193,000
Payment of costs recorded as debt discount	−34,000	−237,000	—	—	—
Net cash provided by financing activities	17	16	4	16	17
Net increase in cash	33,000	10	70,000	484,000	−546,000
Cash paid for interest	826,000	870,000	1	2	430,000
Dividends on Series A Convertible Preferred Stock	5,000	5,000	5,000	5,000	5,000
Reclass SAFE agreement from accounts payable to equity	115,000	—	—	—	—
Common Shares issued upon conversion of convertible notes payable	—	22	—	—	—
Common Shares issued upon conversion of SAFE agreement	—	4	—	—	—
Initial recognition of right of use asset and operating lease liability upon execution of new lease	—	835,000	—	—	—

Filings

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Frequently asked questions

What is REED'S, INC.'s CIK number?

REED'S, INC.'s SEC CIK number is 0001140215 (1140215). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find REED'S, INC.'s SEC filings?

All of REED'S, INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did REED'S, INC. last report earnings?

REED'S, INC. (REED) most recently filed an earnings 8-K with the SEC on May 12, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001493152-26-022492). This is REED'S, INC.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is REED'S, INC.'s most recent earnings 8-K?

REED'S, INC.'s latest earnings 8-K (Item 2.02) was filed May 12, 2026 under accession 0001493152-26-022492. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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