REED'S, INC.
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $34.1M | $38.0M | $44.7M | $53.0M | $49.6M |
| Gross profit | $7.0M | $11.4M | $9.7M | $12.1M | $13.6M |
| Operating income | -$15.1M | -$8.1M | -$9.4M | -$14.8M | -$16.0M |
| Operating expenses | $22.1M | $19.5M | $19.1M | $26.9M | $29.6M |
| Cost of revenue | $25.1M | $26.3M | $31.9M | $40.9M | $36.0M |
| Cash from operations | -$17.0M | -$6.1M | -$4.3M | -$15.5M | -$17.6M |
| Capital expenditure | $272,000 | $152,000 | $85,000 | — | $326,000 |
| Free cash flow | -$17.3M | -$6.3M | -$4.4M | — | -$17.9M |
| Share repurchases | — | — | $1,000 | $2,000 | $15,000 |
| Impairments | $0 | $0 | $0 | $0 | $0 |
| Total assets | $23.3M | $25.1M | $18.9M | $25.5M | $26.3M |
| Total liabilities | $14.2M | $18.5M | $38.1M | $34.0M | $22.1M |
Shares outstanding 11.9M · Free float 65.2%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.