NYSE:REED
Reed's, Inc.
Reed's, Inc.'s revenue fell 10.2% in fiscal 2025 to $34.1M while operating margin fell to −44.5%, its lowest in 10 years. Free cash flow was −$17.3M, −50.8% of revenue, and the diluted share count rose 519.4%.Summary generated from Reed's, Inc.'s SEC filings. Latest annual report filed Mar 25, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$34.1M
Revenue growth−10.2%
Revenue, 5-yr CAGR−3.9%
Gross margin20.4%
Operating margin−44.5%
Net margin−46.5%
ROICn/a
Return on equity−200.5%
Debt / equityn/a
Free cash flow−$17.3M
FCF margin−50.8%
Share count change+519.4%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 50 | 53 | 45 | 38 | 34 |
| Operating income | −16 | −15 | −9 | −8 | −15 |
| Net income | −16 | −20 | −16 | −13 | −16 |
| Free cash flow | −18 | n/a | −4 | −6 | −17 |
Recent filings
- 8-KEntry into a material agreement
Sep 30, 2026 - 8-KNotice of delisting or listing-rule failure
Aug 14, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Aug 12, 2026 - 8-KResults of operations and financial condition
Aug 11, 2026 - 8-KDirector or officer change
Jun 11, 2026 - 8-KNotice of delisting or listing-rule failure
Jun 3, 2026 - 10-QQuarterly report for the period ended Mar 31, 2026
May 13, 2026 - 8-KResults of operations and financial condition
May 12, 2026