REED'S, INC. Income Statement
REED|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
REED'S, INC. reported $34M in revenue and $16M in net loss for FY2025. Revenue has grown at a 2.2% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
Key Data Points
- Low Piotroski F-Score: 1/9 (multiple financial health concerns)
- Altman Z-Score -6.13 (distress zone, below 1.8 threshold)
- Low earnings quality (accrual-heavy earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $34.1M | $44.7M | $53.0M | $49.6M | $41.6M | $33.8M | $38.1M | $37.7M | $37.7M | $42.5M | $45.9M | $43.4M | $30.0M | $25.0M | $25.0M |
| Cost of Revenue | $25.1M | $31.9M | $40.9M | $36.0M | $28.8M | $25.9M | $27.4M | $30.8M | $30.8M | $33.2M | $34.3M | $30.4M | $20.9M | $15.8M | $15.8M |
| Gross Profit | $7.0M | $9.7M | $12.1M | $13.6M | $12.8M | $7.9M | $10.7M | $6.9M | $6.9M | $9.2M | $11.6M | $13.0M | $9.1M | $7.4M | $7.4M |
| SG&A Expense | $11.3M | $6.1M | $7.5M | $8.0M | $7.0M | $7.6M | $8.4M | $5.8M | $5.8M | $4.0M | $4.4M | $3.4M | $3.2M | $2.9M | $2.9M |
| Operating Income | -$15.1M | -$9.4M | -$14.8M | -$16.0M | -$8.6M | -$14.9M | -$8.1M | -$11.7M | -$11.7M | -$2.8M | -$2.7M | $276.0K | $136.0K | -$250.0K | -$250.0K |
| Interest Expense | $1.1M | $6.1M | $5.2M | $1.2M | $1.3M | $1.3M | $2.2M | $3.5M | $3.5M | $2.0M | $1.2M | $1.0M | $660.0K | $691.0K | $691.0K |
| Income Tax | - | - | - | - | - | - | - | - | - | - | - | $2.0K | - | - | - |
| Net Income | -$15.8M | -$15.5M | -$20.1M | -$16.4M | -$10.2M | -$16.1M | -$10.3M | -$18.4M | -$18.4M | -$5.0M | -$4.0M | -$754.0K | -$524.0K | -$941.0K | -$941.0K |
| EPS (Basic) | -$9.81 | -$4.39 | -$9.07 | -$8.99 | - | - | - | - | - | - | - | - | -$0.05 | -$0.09 | - |
| EPS (Diluted) | -$9.81 | -$4.39 | -$9.07 | - | -$0.17 | -$0.46 | -$0.41 | -$1.24 | -$0.37 | -$0.30 | -$0.06 | -$0.12 | - | - | -$0.14 |
| Shares Outstanding | 7.6M | 4.2M | 2.5M | 1.9M | 86.3M | 47.6M | 25.7M | 24.6M | 14.0M | 13.2M | 13.1M | 12.9M | 12.1M | 10.9M | 10.4M |
| Gross Margin | 20.4% | 21.7% | 22.8% | 27.4% | 30.7% | 23.3% | 28.0% | 18.3% | 18.3% | 21.8% | 25.3% | 29.9% | 30.5% | 29.6% | 29.6% |
| Operating Margin | -44.5% | -21.1% | -28.0% | -32.2% | -20.7% | -43.9% | -21.3% | -31.1% | -31.1% | -6.6% | -5.9% | 0.6% | 0.4% | -1.0% | -1.0% |
| Profit Margin | -46.5% | -34.7% | -37.8% | -33.1% | -24.5% | -47.6% | -27.1% | -48.7% | -48.7% | -11.8% | -8.6% | -1.7% | -1.8% | -3.8% | -3.8% |