InsiderClue
Stocks · Consumer staples · Bottled & Canned Soft Drinks & Carbonated Waters

REED'S, INC.

REED Clue Score23
United States Fiscal year ends December CIK 0001140215
$0.64 -0.40% Close, 9 Oct 2026
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Price $0.64 +3.37% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue42.5Operating income−2.8Net income−5.0Fiscal year 2017Revenue37.7 −11.2%Operating income−11.7Net income−18.4Fiscal year 2018Revenue38.1 +1.0%Operating income−8.1Net income−10.3Fiscal year 2019Revenue33.8 −11.2%Operating income−14.9Net income−16.1Fiscal year 2020Revenue41.6 +23.0%Operating income−8.6Net income−10.2Fiscal year 2021Revenue49.6 +19.2%Operating income−16.0Net income−16.4Fiscal year 2022Revenue53.0 +6.9%Operating income−14.8Net income−20.1EPS, diluted−9.07Fiscal year 2023Revenue44.7 −15.7%Operating income−9.4Net income−15.5EPS, diluted−4.39Fiscal year 2024Revenue38.0 −15.1%Operating income−8.1Net income−13.2EPS, diluted−9.81Fiscal year 2025Revenue34.1 −10.2%Operating income−15.1Net income−15.8EPS, diluted−1.91
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 42.5 37.7 38.1 33.8 41.6 49.6 53.0 44.7 38.0 34.1
Growth −11.2% +1.0% −11.2% +23.0% +19.2% +6.9% −15.7% −15.1% −10.2%
Operating income −2.8 −11.7 −8.1 −14.9 −8.6 −16.0 −14.8 −9.4 −8.1 −15.1
Net income −5.0 −18.4 −10.3 −16.1 −10.2 −16.4 −20.1 −15.5 −13.2 −15.8
Growth
EPS, diluted n/a n/a n/a n/a n/a n/a −9.07 −4.39 −9.81 −1.91

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin21.8%Operating margin−6.6%Net margin−11.8%Free cash flow margin−6.9%Fiscal year 2017Gross margin18.3%Operating margin−31.2%Net margin−48.7%Free cash flow margin−11.2%Fiscal year 2018Gross margin28.0%Operating margin−21.3%Net margin−27.1%Free cash flow margin−24.7%Fiscal year 2019Gross margin23.3%Operating margin−43.9%Net margin−47.6%Free cash flow margin−54.7%Fiscal year 2020Gross margin30.7%Operating margin−20.7%Net margin−24.5%Free cash flow margin−23.1%Fiscal year 2021Gross margin27.4%Operating margin−32.2%Net margin−33.1%Free cash flow margin−36.1%Fiscal year 2022Gross margin22.8%Operating margin−28.0%Net margin−37.8%Fiscal year 2023Gross margin21.7%Operating margin−21.1%Net margin−34.7%Free cash flow margin−9.7%Fiscal year 2024Gross margin30.0%Operating margin−21.4%Net margin−34.7%Free cash flow margin−16.5%Fiscal year 2025Gross margin20.4%Operating margin−44.5%Net margin−46.5%Free cash flow margin−50.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 21.8% 18.3% 28.0% 23.3% 30.7% 27.4% 22.8% 21.7% 30.0% 20.4%
Operating margin −6.6% −31.2% −21.3% −43.9% −20.7% −32.2% −28.0% −21.1% −21.4% −44.5%
Net margin −11.8% −48.7% −27.1% −47.6% −24.5% −33.1% −37.8% −34.7% −34.7% −46.5%
Free cash flow margin −6.9% −11.2% −24.7% −54.7% −23.1% −36.1% n/a −9.7% −16.5% −50.8%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow−2.5Capital expenditure−0.4Free cash flow−2.9Fiscal year 2017Operating cash flow−3.4Capital expenditure−0.8Free cash flow−4.2Fiscal year 2018Operating cash flow−9.3Capital expenditure−0.2Free cash flow−9.4Fiscal year 2019Operating cash flow−18.2Capital expenditure−0.3Free cash flow−18.5Fiscal year 2020Operating cash flow−9.5Capital expenditure−0.1Free cash flow−9.6Fiscal year 2021Operating cash flow−17.6Capital expenditure−0.3Free cash flow−17.9Buybacks−0.0Fiscal year 2022Operating cash flow−15.5Buybacks−0.0Fiscal year 2023Operating cash flow−4.3Capital expenditure−0.1Free cash flow−4.4Buybacks−0.0Fiscal year 2024Operating cash flow−6.1Capital expenditure−0.2Free cash flow−6.3Fiscal year 2025Operating cash flow−17.0Capital expenditure−0.3Free cash flow−17.3
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −2.5 −3.4 −9.3 −18.2 −9.5 −17.6 −15.5 −4.3 −6.1 −17.0
Capital expenditure −0.4 −0.8 −0.2 −0.3 −0.1 −0.3 n/a −0.1 −0.2 −0.3
Free cash flow −2.9 −4.2 −9.4 −18.5 −9.6 −17.9 n/a −4.4 −6.3 −17.3
Growth
Buybacks n/a n/a n/a n/a n/a −0.0 −0.0 −0.0 n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Total debt1.6Shareholders’ equity−1.7Fiscal year 2017Cash12.1Total debt1.5Net cash (debt)10.7Shareholders’ equity0.5Debt to equity2.90Fiscal year 2018Shareholders’ equity−6.7Fiscal year 2019Shareholders’ equity1.1Fiscal year 2020Shareholders’ equity10.4Fiscal year 2021Shareholders’ equity4.2Fiscal year 2022Shareholders’ equity−8.5Fiscal year 2023Shareholders’ equity−19.2Fiscal year 2024Shareholders’ equity6.6Fiscal year 2025Shareholders’ equity9.2
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash n/a 12.1 n/a n/a n/a n/a n/a n/a n/a n/a
Total debt 1.6 1.5 n/a n/a n/a n/a n/a n/a n/a n/a
Net cash (debt) n/a 10.7 n/a n/a n/a n/a n/a n/a n/a n/a
Shareholders’ equity −1.7 0.5 −6.7 1.1 10.4 4.2 −8.5 −19.2 6.6 9.2
Debt to equity n/a 2.90 n/a n/a n/a n/a n/a n/a n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
21.8% 18.3% 28.0% 23.3% 30.7% 27.4% 22.8% 21.7% 30.0% 20.4%
−6.6% −31.2% −21.3% −43.9% −20.7% −32.2% −28.0% −21.1% −21.4% −44.5%
−11.8% −48.7% −27.1% −47.6% −24.5% −33.1% −37.8% −34.7% −34.7% −46.5%
−6.9% −11.2% −24.7% −54.7% −23.1% −36.1% n/a −9.7% −16.5% −50.8%
Spending
9.3% 15.3% 22.0% 22.3% 16.9% 16.1% 14.1% 13.7% 24.0% 33.2%
1.0% 2.2% 0.4% 1.0% 0.3% 0.7% n/a 0.2% 0.4% 0.8%
Returns
n/a −3,616.7% n/a −1,404.7% −97.8% −390.2% n/a n/a −197.8% −173.1%
−26.6% −75.1% −82.7% −100.8% −50.7% −62.3% −78.7% −82.2% −52.3% −67.9%
Balance and payout
n/a 2.90 n/a n/a n/a n/a n/a n/a n/a n/a
108.8% 97.9% 154.0% 92.8% 48.1% 84.0% 133.2% 201.6% 73.6% 60.8%