15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $34M | -$16M | 20.4% | -44.5% | -$17M | — | — |
| 2024 | $38M | -$13M | 30.0% | -21.4% | -$6M | — | — |
| 2023 | $45M | -$16M | 21.7% | -21.1% | -$4M | — | — |
| 2022 | $53M | -$20M | 22.8% | -28.0% | — | — | — |
| 2021 | $50M | -$16M | 27.4% | -32.2% | -$18M | — | — |
| 2020 | $42M | -$10M | 30.7% | -20.7% | -$10M | — | — |
| 2019 | $34M | -$16M | 23.3% | -43.9% | -$18M | — | — |
| 2018 | $38M | -$10M | 28.0% | -21.3% | -$9M | — | — |
| 2017 | $38M | -$18M | 18.3% | -31.2% | -$4M | $1M | $12M |
| 2016 | — | -$5M | — | — | -$3M | $2M | — |
| 2015 | — | -$4M | — | — | -$2M | $3M | — |
| 2014 | — | -$754000 | — | — | $686000 | $3M | — |
| 2013 | — | -$2M | — | — | $591000 | $3M | — |
| 2012 | — | -$524000 | — | — | $670000 | $3M | — |
| 2011 | — | -$941000 | — | — | -$3M | $3M | $713000 |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $7M | -$6M | 9.8% | -87.0% | — | — | — |
| Dec '25 | $7M | -$4M | 20.4% | -46.9% | -$4M | — | — |
| Sep '25 | $7M | -$4M | 17.4% | -58.3% | -$3M | — | — |
| Jun '25 | $10M | -$6M | 8.5% | -60.8% | -$5M | — | — |
| Mar '25 | $10M | -$2M | 33.9% | -17.4% | -$5M | — | — |
| Dec '24 | $10M | -$4M | 30.0% | -37.6% | -$4M | — | — |
| Sep '24 | $7M | -$4M | 18.0% | -46.5% | $1M | — | — |
| Jun '24 | $12M | -$3M | 32.3% | -5.6% | -$924000 | — | — |
| Mar '24 | $10M | -$2M | 35.6% | -6.8% | -$2M | — | — |
| Dec '23 | $12M | -$7M | 4.0% | -42.3% | -$183000 | — | — |
| Sep '23 | $12M | -$1M | 34.0% | -1.2% | — | — | — |
| Jun '23 | $10M | -$3M | 25.1% | -17.5% | — | — | — |
| Mar '23 | $11M | -$4M | 24.2% | -23.1% | — | — | — |
| Dec '22 | $15M | -$7M | 22.9% | -24.4% | — | — | — |
| Sep '22 | $12M | -$3M | 20.1% | -20.3% | — | — | — |
| Jun '22 | $14M | -$5M | 24.0% | -33.0% | — | — | — |
| Mar '22 | $12M | -$5M | 24.1% | -34.3% | — | — | — |
| Dec '21 | $13M | -$5M | 20.4% | -34.1% | -$3M | — | — |
| Sep '21 | $13M | -$4M | 28.9% | -27.3% | -$5M | — | — |
| Jun '21 | $11M | -$3M | 29.0% | -32.9% | -$5M | — | — |
How the market has priced REED against its own fundamentals since 2025-12 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, REED'S, INC.'s revenue has declined 3.9% per year. These are computed facts, not advice.
As of FY2025, REED'S, INC. reported — of total debt against — of cash; operating income covered interest expense -13.7×.
In FY2025, gross margin was 20.4%, operating margin -44.5%, and net margin -46.5%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.