Reed's, Inc. (REED) Financial Statements
Industry: Bottled & Canned Soft Drinks & Carbonated Waters
In fiscal 2025, Reed's reported revenue of $34.1M, down 10.2% from $38.0M the year before. Net income was -$15.8M (a -46.5% net margin), or -$1.91 per diluted share. Gross margin was 20.4% and operating margin was -44.5%. Operating activities generated -$17.0M of cash, leaving -$17.3M of free cash flow. At fiscal year end, Reed's held $23.3M in total assets against $14.2M in total liabilities.
Open the full interactive Reed's financials → Quarterly statements, key ratios, valuation history and price charts.
Reed's Key Stats
| Share Price | $0.57 |
|---|---|
| Market Cap | $6.8M |
| Revenue YoY Growth | -10.2% |
| 52-Week Range | $0.57 – $12.00 |
| Shares Outstanding | 11.8 million (basic, 2026 Q2) |
Reed's Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $41.6M | $49.6M | $53.0M | $44.7M | $38.0M | $34.1M |
| Cost of Goods Sold | $28.8M | $36.0M | $40.9M | $31.9M | $26.6M | $25.1M |
| Gross Profit | $12.8M | $13.6M | $12.1M | $9.7M | $11.4M | $7.0M |
| Operating Income | -$8.6M | -$16.0M | -$14.8M | -$9.4M | -$8.1M | -$15.1M |
| Pre-Tax Income | -$10.2M | -$16.4M | -$20.1M | -$15.5M | -$13.2M | -$15.8M |
| Net Income | -$10.2M | -$16.4M | -$20.1M | -$15.5M | -$13.2M | -$15.8M |
| Diluted EPS | -$51.00 | -$54.00 | — | -$26.34 | -$9.84 | -$1.91 |
Reed's Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $7.0M | $7.5M | $7.1M | $7.5M |
| Net Income | -$4.0M | -$3.8M | -$6.5M | -$4.3M |
| Diluted EPS | -$0.48 | -$0.46 | -$0.55 | -$0.36 |
Reed's Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Current Assets | $18.5M | $24.7M | $24.1M | $17.8M | $23.3M | $21.5M |
| Total Assets | $20.1M | $26.3M | $25.5M | $18.9M | $25.1M | $23.3M |
| Current Liabilities | $8.9M | $21.7M | $25.7M | $27.2M | $17.7M | $13.4M |
| Total Long-Term Debt | $770,000 | $13.0M | $21.0M | $17.6M | — | — |
| Total Liabilities | $9.7M | $22.1M | $34.0M | $38.1M | $18.5M | $14.2M |
| Shareholders' Equity | $10.4M | $4.2M | -$8.5M | -$19.2M | $6.6M | $9.2M |
Reed's Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$9.5M | -$17.6M | -$15.5M | -$4.3M | -$6.1M | -$17.0M |
| Cash From Investing | -$161,000 | -$335,000 | -$2,000 | -$20,000 | -$167,000 | -$253,000 |
| Cash From Financing | $9.3M | $17.4M | $16.0M | $4.4M | $16.1M | $17.3M |
| Free Cash Flow | -$9.6M | -$17.9M | -$15.9M | -$4.4M | -$6.3M | -$17.3M |
Figures from Reed's' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Reed's financials page for every line item.
Reed's Company Profile
| Ticker | REED |
|---|---|
| Exchange | NYSE |
| Industry | Bottled & Canned Soft Drinks & Carbonated Waters |
| Headquarters | Norwalk, Connecticut |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001140215 |
Frequently Asked Questions
What was Reed's' revenue in fiscal 2025?
Reed's (REED) reported revenue of $34.1M for fiscal 2025.
What is Reed's' annual revenue history?
Reed's' annual revenue by fiscal year: 2020: $41.6M; 2021: $49.6M; 2022: $53.0M; 2023: $44.7M; 2024: $38.0M; 2025: $34.1M.
What was Reed's' net income in fiscal 2025?
Reed's reported net income of -$15.8M for fiscal 2025.
What was Reed's' earnings per share (EPS) in fiscal 2025?
Reed's' diluted EPS was -$1.91 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Reed's generate in fiscal 2025?
Reed's generated -$17.3M of free cash flow in fiscal 2025.
What was Reed's' revenue last quarter?
In its most recent reported quarter (2026 Q2), Reed's reported revenue of $7.5M.
How many shares of Reed's are outstanding?
Reed's reported a weighted average of 11.8 million basic shares outstanding in 2026 Q2.
What is Reed's' market cap?
Based on its latest closing price, Reed's (REED) has a market capitalization of about $6.8M.
When does Reed's' fiscal year end?
Reed's' fiscal year end, as registered with the SEC, is December 31.
Where is Reed's headquartered?
Reed's lists its business address in Norwalk, Connecticut in its SEC filings.