REED · XBRL financial data

Reed's financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (REED's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022†Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024†Dec 31, 2024	FY 2025Dec 31, 2025
Revenue from contracts with customers	41,615	49,599	53,041	44,711	37,954	34,065
Cost of revenue	—	—	—	—	26,578	27,103
Cost of goods and services sold	28,849	36,001	40,929	31,884	26,578	25,090
Gross profit	12,766	13,598	12,112	9,712	11,376	6,962
General and administrative	7,023	7,965	7,489	6,118	9,109	11,296
Total operating expenses	21,382	29,569	26,946	19,129	19,492	22,110
Operating income (loss)	(8,616)	(15,971)	(14,834)	(9,417)	(8,116)	(15,148)
Interest expense	1,307	1,201	5,223	6,106	5,481	1,108
Net income (loss)	(10,177)	(16,402)	(20,057)	(15,523)	(13,152)	(15,842)
Earnings per share, basic USD per share	—	(8.99)	(9.07)	(4.39)	(1.64)	(1.91)
Earnings per share, diluted USD per share	—	—	(9.07)	(4.39)	(1.64)	(1.91)
Weighted average shares, basic thousands of shares	—	1,825	2,211	3,538	8,041	8,302
Weighted average shares, diluted thousands of shares	—	—	2,211	3,538	8,041	8,302

† Share count changed about 1/43 in the period ending 2022-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
† Share count changed about 11x in the period ending 2024-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

Fiscal years (REED's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022†Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024†Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	595	49	533	603	10,391	10,424
Accounts receivable	4,718	5,183	5,671	4,788	3,979	2,317
Inventory	11,119	17,049	16,175	11,300	8,114	8,046
Prepaid and other current assets	1,341	1,491	939	811	683	673
Total current assets	18,455	24,705	24,095	17,761	23,311	21,460
Property and equipment, net	920	992	766	493	1,185	1,231
Total assets	20,057	26,321	25,487	18,883	25,140	23,341
Accounts payable	6,746	10,434	9,805	9,133	6,956	3,496
Accrued liabilities	895	286	233	1,096	984	669
Total current liabilities	8,927	21,724	25,658	27,190	17,655	13,387
Lease liability, non-current	555	394	207	—	837	803
Total liabilities	9,653	22,118	33,957	38,064	18,492	14,190
Accumulated deficit	(86,730)	(103,137)	(123,199)	(138,727)	(151,884)	(167,731)
Total stockholders' equity	10,404	4,203	(8,470)	(19,181)	6,648	9,151
Total liabilities and equity	20,057	26,321	25,487	18,883	25,140	23,341
Common shares outstanding (cover page) thousands of shares	86,403	112,842	2,602	4,187	45,371	11,820

† Share count changed about 1/43 in the period ending 2022-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
† Share count changed about 11x in the period ending 2024-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

Fiscal years (REED's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022†Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024†Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(10,177)	(16,402)	(20,057)	(15,523)	(13,152)	(15,842)
Stock-based compensation	—	—	—	492	528	59
Depreciation and amortization	88	143	108	—	—	—
Net cash from operating activities	(9,496)	(17,589)	(15,530)	(4,266)	(6,124)	(17,037)
Purchases of property and equipment	122	326	—	85	152	272
Net cash from investing activities	(161)	(335)	(2)	(20)	(167)	(253)
Proceeds from issuing common stock	16,564	7,327	5,034	4,016	11,882	18,176
Share repurchases	—	15	2	1	—	—
Repayments of long-term debt	—	—	—	—	—	650
Net cash from financing activities	9,339	17,378	16,016	4,356	16,079	17,323
Net change in cash	(318)	(546)	484	70	9,788	33

† Share count changed about 1/43 in the period ending 2022-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
† Share count changed about 11x in the period ending 2024-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

SIC 2086 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 2086 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($K)	Revenue, quarter ($K)	Operating cash flow, quarter ($K)	Shares outstanding	Runway	Quarter
Reed's	2,410	7,488	(2,170)*	11.9M	1.1 quarters	Q2 FY26 10-QJun 30, 2026
Amass Brands	1,571	5,593	(4,332)*	11.6M	0.4 quarters	Q2 FY26 10-QJun 30, 2026
Willamette Valley Vineyards	590	10,036	1,950*	5.0M	—	Q2 FY26 10-QJun 30, 2026
Buda Juice	18,819	4,508	(365)*	12.6M	51.6 quarters	Q2 FY26 10-QJun 30, 2026
Jones Soda	2,351	10,168	(2,007)*	125.9M	1.2 quarters	Q2 FY26 10-QJun 30, 2026
MDWerks	13	524	(141)*	240.8M	0.1 quarters	Q2 FY26 10-QJun 30, 2026
SRX Global	35,186	3,392	not reported	20.3M	—	Q3 FY26 10-QJun 30, 2026
Endovia Health Sciences	243	0*	(1,092)*	6.4M	0.2 quarters	Q2 FY26 10-QJun 30, 2026
Heritage Distilling Holding Company	19	736	(1,644)*	995,933	0.0 quarters	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.