REED'S, INC.
Income Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.5M | $7.1M | $7.5M | $7.0M | $9.5M | $10.0M | $9.7M | $6.8M |
| Cost of Revenue | $5.7M | $6.4M | $6.0M | $5.8M | $8.7M | $6.6M | $6.8M | $5.5M |
| Gross Profit | $1.8M | $697.0K | $1.5M | $1.2M | $807.0K | $3.4M | $2.9M | $1.2M |
| Gross Margin | 23.9% | 9.8% | 20.4% | 17.4% | 8.5% | 33.9% | 30.0% | 18.0% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $3.0M | $4.0M | $2.7M | $2.9M | $3.8M | $2.0M | $3.9M | $1.8M |
| Operating Income | $-4.1M | $-6.2M | $-3.5M | $-4.1M | $-5.8M | $-1.7M | $-3.7M | $-3.1M |
| Operating Margin | -54.3% | -87.0% | -46.9% | -58.3% | -60.8% | -17.4% | -37.6% | -46.5% |
| Interest Expense | $204.0K | $204.0K | $244.0K | $274.0K | $301.0K | $289.0K | $903.0K | $2.4M |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | — | — | — | — | — | — | — | — |
| Net Income | $-4.3M | $-6.5M | $-3.8M | $-4.0M | $-6.0M | $-2.0M | $-4.1M | $-4.2M |
| Net Margin | -57.1% | -90.5% | -50.5% | -56.6% | -63.5% | -20.3% | -42.3% | -61.5% |
| EPS (Basic) | $-0.36 | $-0.55 | $-0.38 | $-0.08 | $-0.13 | $-0.05 | $-0.62 | $-0.82 |
| EPS (Diluted) | $-0.36 | $-0.55 | $-0.38 | $-0.08 | $-0.13 | $-0.05 | $-0.62 | $-0.82 |
| Shares Outstanding (Basic) | 11.8M | 11.8M | 8.3M | 49.5M | 46.4M | 45.4M | 8.0M | 5.1M |
| Shares Outstanding (Diluted) | 11.8M | 11.8M | 8.3M | 49.5M | 46.4M | 45.4M | 8.0M | 5.1M |
| Dividends Per Share | — | — | — | — | — | — | — | — |