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Reeds, Inc.

REED Consumer Defensive Beverages Non Alcoholic

Reeds, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $34.1 million, down 10.2% from fiscal 2024. In the quarter to June 2026, revenue fell 21.4%, EPS grew 53.8%, free cash flow grew 57.2% and total debt rose 2.86%, each against the same quarter a year earlier.

0.40 0.04 −9.09%
Market cap
$5.3M
P/E
0.0×
Fwd P/E
−1.1×
Dividend yield
—
F-score
2/9
Altman Z
−9.59
Beneish M
−2.28
Dividend safety
n/a
Overview Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 53.32%

Capital & Financial Ratios $m

Market Cap 5.27
Revenue 29.14
Net Income (18.50)
Free Cash Flow (14.64)
Net Debt 7.60
Current Ratio 0.85 (below 1: weak)
Debt/Equity (6.74) (negative: negative equity)
P/E ratio 0.00
Fwd P/E (1.09) (negative: loss-making)
P/S ratio 0.16
P/B ratio 0.00
Past 5Y EPS Growth —
This Y EPS Growth 30.57% (at or above 15%: strong)
Next Y EPS Growth 66.93% (at or above 15%: strong)
Next Y revenue growth (6.36%) (below 0%: weak)
Next 5Y EPS Growth 81.34% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.4×, against a ten-year median of 1.2×; over the ten years it ranged from 0.3× in 2024 to 3.1× in 2019.
P/S against its own 10 years 12.83%
10-year low 10-year high
EV/Sales against its own 10 years 5.01%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1 10 10 2
Receivables 4 4 2 3
Inventory 11 8 8 7
Other — — — —
18 23 21 14
2023 2024 2025 Q'26
Payables 9 7 3 6
ST’ Debt — 10 9 9
Other — — — —
27 18 13 16

Compound Annual Growth %

10y 5y 3y
Sales (2.95%) (3.92%) (13.72%)
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value 27.84% (2.53%) 0.00%

Revenue $m

Mar Jun Sep Dec Year
’26 7 7 — — —
’25 10 10 7 7 34
’24 10 12 7 10 38
’23 11 10 12 12 45
’22 12 14 12 15 53
’21 12 11 13 13 50
’20 10 11 11 11 42
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (6) (2) — — —
’25 (5) (5) (3) (4) (17)
’24 (2) (1) 1 (4) (6)
’23 1 (3) (2) 0 (4)
’22 (2) (14) 0 1 (16)
’21 (5) (5) (5) (2) (18)
’20 (2) (3) (2) (3) (9)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (6) (2) — — —
’25 (5) (5) (3) (4) (17)
’24 (2) (1) 1 (4) (6)
’23 1 (3) (2) 0 (4)
’22 (2) (14) 0 1 (16)
’21 (5) (5) (5) (3) (18)
’20 (2) (3) (2) (3) (10)
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 (0.55) (0.36) — — —
’25 (0.24) (0.78) (0.48) (0.44) (1.91)
’24 (2.40) (4.62) (4.92) (1.38) (9.24)
’23 (10.20) (5.94) (2.04) (12.42) (26.33)
’22 (15.00) (15.00) (9.00) (14.94) (57.11)
’21 (15.00) (9.00) (12.00) (15.00) (53.99)
’20 (15.00) (9.00) (12.00) (15.00) (50.99)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 675.00 390.00 420.00 159.00 108.00 102.00 18.00 9.00 3.06 2.09

Analyst estimates 2026–2028

Powerpack
High 1,659.00 1,425.00 1,185.00 1,215.00 492.00 504.00 129.00 30.00 14.52 12.00
People
People Employees 62 52 50 28 34 31 22 21 24 44
Revenue/emp, $m 0.69 0.73 0.76 1.21 1.22 1.60 2.41 2.13 1.58 0.77
Income, $m
Income, $m Revenue 42 38 38 34 42 50 53 45 38 34
Gross margin, % 21.76 18.28 28.02 23.29 30.68 27.42 22.84 21.72 29.97 20.44
EBT (5) (18) (10) (16) (10) (16) (20) (16) (13) (16)
EBT margin, % (11.79) (48.72) (27.10) (47.64) (24.46) (33.07) (37.81) (34.72) (34.65) (46.51)
Net income (5) (18) (10) (16) (10) (16) (20) (16) (13) (16)
Depreciation 1 2 0 0 1 1 1 1 1 0
Per share, $
Per share, $ Revenue 935.51 764.99 450.91 289.31 205.81 163.05 143.90 75.81 28.32 4.10
Earnings (110.98) (371.93) (122.97) (137.97) (50.99) (53.99) (57.11) (26.33) (9.24) (1.91)
Cash flow (55.79) (69.41) (109.56) (155.35) (46.96) (57.82) (42.13) (7.23) (4.57) (2.05)
Capex (9.03) (16.49) 11.15 (2.37) (0.80) (1.10) (0.01) (0.03) (0.12) (0.03)
Free cash flow (64.82) (85.90) (98.41) (157.72) (47.76) (58.92) (42.14) (7.27) (4.69) (2.08)
Book value (36.50) 10.30 (79.80) 9.81 51.45 13.82 (22.98) (32.52) 4.96 1.10
Shares, m 0 0 0 0 0 0 0 1 1 8
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
P/S 1.28 0.63 1.38 0.94 0.86 0.66 0.15 0.15 0.13 0.51
P/B 0.00 57.16 0.00 30.31 3.47 8.00 0.00 0.00 0.77 1.92
EV/Sales 1.58 0.72 1.67 1.17 1.08 0.85 0.47 0.59 0.26 0.50
EV/FCF (22.86) (6.42) (7.67) (2.15) (4.65) (2.36) (1.56) (5.81) (1.55) (0.98)
Cash, $m
Cash, $m Operating cash flow (3) (3) (9) (18) (9) (18) (16) (4) (6) (17)
Capex 0 (1) 1 0 0 0 0 0 0 0
Free cash flow (3) (4) (8) (18) (10) (18) (16) (4) (6) (17)
Balance, $m
Balance, $m Working capital (2) 2 (3) 5 10 3 (2) (9) 6 8
Total debt 13 16 12 9 0 — 8 11 10 9
Net debt 13 4 11 8 0 0 8 10 (1) (1)
Shareholders’ equity (2) 1 (7) 1 10 4 (8) (19) 7 9
Returns, %
Returns, % ROA (25.91) (84.83) (55.89) (113.17) (56.49) (70.75) (77.45) (69.99) (59.77) (65.37)
ROIC (15.70) (182.35) (110.96) (104.49) (53.96) (240.30) 0.00 0.00 (87.04) (119.71)
ROE 946.04 2,749.14 321.66 557.30 (179.21) (227.57) 900.65 111.56 206.85 (203.02)
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Reeds, Inc. vs peers in Beverages Non Alcoholic (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
COCO Vita Coco Company, Inc. $3.3B 30.8× 43.2× +28.08% (above 0%: growing) +115.00% (above 0%: growing) +287.22% (above 0%: growing) 48.72% 29.21% Compare
FIZZ National Beverage Corp. $3.2B 18.7× 18.1× +0.04% (above 0%: growing) −16.67% (below 0%: shrinking) +10.33% (above 0%: growing) 35.02% 17.69% Compare
AKO.B Embotelladora Andina S.A. $2.3B 14.1× — +11.10% (above 0%: growing) +4.00% (above 0%: growing) +930.72% (above 0%: growing) 38.92% 10.52% Compare
AKO.A Embotelladora Andina S.A. $1.9B 11.8× — +11.10% (above 0%: growing) +4.00% (above 0%: growing) +930.72% (above 0%: growing) 38.92% 10.52% Compare
BUDA Buda Juice Inc. $97.3M — — — — −209.15% (below 0%: shrinking) 36.62% 9.85% Compare
ZVIA Zevia PBC $92.8M — (loss-making) — (loss-making) +1.07% (above 0%: growing) n/m +253.76% (above 0%: growing) 48.94% (6.42%) Compare
BRFH Barfresh Food Group Inc. $9.5M — (loss-making) — (loss-making) +189.66% (above 0%: growing) n/m +13.13% (above 0%: growing) (3.19%) (32.23%) Compare
REED Reeds, Inc. $5.3M — (loss-making) — (loss-making) −21.37% (below 0%: shrinking) n/m +57.24% (above 0%: growing) 23.89% (54.27%)
WTER Alkaline Water Company Inc. $490.0K — (loss-making) — (loss-making) −8.49% (below 0%: shrinking) n/m +87.79% (above 0%: growing) 25.26% (16.19%) Compare
Median of peers $993.6M 16.4× — +11.10% +4.00% +170.77% 37.77% 10.19%

All 17 Beverages Non Alcoholic stocks →

Reeds, Inc. (REED) key facts

  • Concern: Reeds, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $34.1 million, down 10.2% from fiscal 2024.
  • Reeds, Inc. (REED) is a Beverages Non Alcoholic company in the Consumer Defensive sector, listed on NYSE American.
  • As of October 16, 2026, REED traded at $0.40, a market capitalization of $5.3 million.
  • Return on equity was −203.0% and debt-to-equity -6.74.
  • Its Piotroski F-score is 2 out of 9 and its Altman Z-score is −9.59 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Reeds, Inc. (REED) Latest News

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stockrow.com/REED · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com