# Reed'S, Inc.: overview

REED · NYSE · CIK 1140215 · [Consumer staples](/sectors/consumer-staples.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/reed.md) · [Financials](/companies/reed/financials.md) · [Filings](/companies/reed/filings.md) · [Insiders](/companies/reed/insiders.md)

Latest reported revenue: [$7.5m](/filings/0001493152-26-037365.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 12, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001493152-26-037365).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [6.8](/filings/0001493152-25-020739.md) | [9.7 d](/filings/0001493152-26-012679.md) | [10.0](/filings/0001493152-26-022714.md) | [9.5](/filings/0001493152-26-037365.md) | [7.0](/filings/0001493152-25-020739.md) | [7.5 d](/filings/0001493152-26-012679.md) | [7.1](/filings/0001493152-26-022714.md) | [7.5](/filings/0001493152-26-037365.md) |
| Gross margin | % | [18.0%](/filings/0001493152-25-020739.md) | [30.0% d](/filings/0001493152-26-012679.md) | [33.9%](/filings/0001493152-26-022714.md) | [8.5%](/filings/0001493152-26-037365.md) | [17.4%](/filings/0001493152-25-020739.md) | [20.4% d](/filings/0001493152-26-012679.md) | [9.8%](/filings/0001493152-26-022714.md) | [23.9%](/filings/0001493152-26-037365.md) |
| Operating margin | % | [(46.5%)](/filings/0001493152-25-020739.md) | [(37.6%) d](/filings/0001493152-26-012679.md) | [(17.4%)](/filings/0001493152-26-022714.md) | [(60.8%)](/filings/0001493152-26-037365.md) | [(58.3%)](/filings/0001493152-25-020739.md) | [(46.9%) d](/filings/0001493152-26-012679.md) | [(87.0%)](/filings/0001493152-26-022714.md) | [(54.3%)](/filings/0001493152-26-037365.md) |
| Net margin | % | [(61.5%)](/filings/0001493152-25-020739.md) | [(42.3%) d](/filings/0001493152-26-012679.md) | [(20.3%)](/filings/0001493152-26-022714.md) | [(63.5%)](/filings/0001493152-26-037365.md) | [(56.6%)](/filings/0001493152-25-020739.md) | [(50.5%) d](/filings/0001493152-26-012679.md) | [(90.5%)](/filings/0001493152-26-022714.md) | [(57.1%)](/filings/0001493152-26-037365.md) |
| Diluted EPS | $ per share | [(4.91)](/filings/0001493152-25-020739.md) | not reported | [(0.27)](/filings/0001493152-26-022714.md) | [(0.78)](/filings/0001493152-26-037365.md) | [(0.48)](/filings/0001493152-25-020739.md) | not reported | [(0.55)](/filings/0001493152-26-022714.md) | [(0.36)](/filings/0001493152-26-037365.md) |
| Free cash flow | $m | [1.0 d](/filings/0001493152-25-020739.md) | [(4.0) d](/filings/0001493152-26-012679.md) | [(5.4)](/filings/0001493152-26-022714.md) | [(5.1) d](/filings/0001493152-26-037365.md) | [(2.9) d](/filings/0001493152-25-020739.md) | [(3.9) d](/filings/0001493152-26-012679.md) | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [49.6](/filings/0001493152-23-017571.md) | [53.0](/filings/0001493152-24-012505.md) | [44.7](/filings/0001641172-25-001344.md) | [38.0](/filings/0001493152-26-012679.md) | [34.1](/filings/0001493152-26-012679.md) |
| Gross margin | % | [27.4%](/filings/0001493152-23-017571.md) | [22.8%](/filings/0001493152-24-012505.md) | [21.7%](/filings/0001641172-25-001344.md) | [30.0%](/filings/0001493152-26-012679.md) | [20.4%](/filings/0001493152-26-012679.md) |
| Operating margin | % | [(32.2%)](/filings/0001493152-23-017571.md) | [(28.0%)](/filings/0001493152-24-012505.md) | [(21.1%)](/filings/0001641172-25-001344.md) | [(21.4%)](/filings/0001493152-26-012679.md) | [(44.5%)](/filings/0001493152-26-012679.md) |
| Net margin | % | [(33.1%)](/filings/0001493152-23-017571.md) | [(37.8%)](/filings/0001493152-24-012505.md) | [(34.7%)](/filings/0001641172-25-001344.md) | [(34.7%)](/filings/0001493152-26-012679.md) | [(46.5%)](/filings/0001493152-26-012679.md) |
| Diluted EPS | $ per share | [(0.18)](/filings/0001493152-22-010137.md) | [(9.07)](/filings/0001493152-24-012505.md) | [(4.39)](/filings/0001641172-25-001344.md) | [(9.81)](/filings/0001493152-26-012679.md) | [(1.91)](/filings/0001493152-26-012679.md) |
| Free cash flow | $m | [(17.9)](/filings/0001493152-23-017571.md) | not reported | [(4.4)](/filings/0001641172-25-001344.md) | [(6.3)](/filings/0001493152-26-012679.md) | [(17.3)](/filings/0001493152-26-012679.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareBasicAndDiluted; Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/reed/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [ARMISTICE CAPITAL, LLC](/funds/1601086.md) | 2026-06-30 | $618.4k | 486,936 |  | Reduced −62,059 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $104.4k | 82,227 |  | Unchanged |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $69.5k | 54,715 |  | Reduced −3,639 |
| [VANGUARD FIDUCIARY TRUST CO](/funds/933478.md) | 2026-06-30 | $50.7k | 39,908 |  | Unchanged |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $24.0k | 18,868 |  | New +18,868 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $3.2k | 2,513 |  | Unchanged |
| [Tower Research Capital LLC (TRC)](/funds/1533421.md) | 2026-06-30 | $3.1k | 2,406 |  | New +2,406 |
| [UBS Group AG](/funds/1610520.md) | 2026-06-30 | $1.8k | 1,436 |  | Reduced −1,039 |
| [JONES FINANCIAL COMPANIES LLLP](/funds/815917.md) | 2026-06-30 | $675 | 540 |  | Unchanged |
| [KELLEHER FINANCIAL ADVISORS](/funds/1507971.md) | 2026-06-30 | $295 | 232 |  | Added +116 |

## Recent filings

[All 863 filings](/companies/reed/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-09-30 | 17:09 ET | [8-K](/filings/0001493152-26-045141.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001493152-26-045141 |
| 2026-08-14 | 16:15 ET | [8-K](/filings/0001493152-26-038386.md) | 3.01 Delisting notice; 8.01 Other events; 9.01 Financial statements and exhibits | 0001493152-26-038386 |
| 2026-08-12 | 16:15 ET | [10-Q](/filings/0001493152-26-037365.md) | Quarterly report, period 2026-06-30 | 0001493152-26-037365 |
| 2026-08-11 | 16:15 ET | [8-K](/filings/0001493152-26-037135.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001493152-26-037135 |
| 2026-06-11 | 16:10 ET | [8-K](/filings/0001493152-26-028280.md) | 5.02 Departure or appointment of officers or directors; 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001493152-26-028280 |
| 2026-06-05 | 21:37 ET | [SCHEDULE 13D/A](/filings/0001493152-26-027596.md) | Ownership report, active investor, amended | 0001493152-26-027596 |
| 2026-06-03 | 16:15 ET | [8-K](/filings/0001493152-26-027062.md) | 3.01 Delisting notice; 8.01 Other events; 9.01 Financial statements and exhibits | 0001493152-26-027062 |
| 2026-05-13 | 16:05 ET | [10-Q](/filings/0001493152-26-022714.md) | Quarterly report, period 2026-03-31 | 0001493152-26-022714 |
| 2026-05-12 | 16:15 ET | [8-K](/filings/0001493152-26-022492.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001493152-26-022492 |
| 2026-04-29 | 16:30 ET | [DEF 14A](/filings/0001493152-26-019611.md) | Proxy statement, period 2026-04-29 | 0001493152-26-019611 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001493152-26-012679.md), filed Mar 25, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/9ba1c7d7-e9d1-4aaa-bbb9-a4fa7fae87d3)

## About the filer

- CIK: 1140215
- Tickers: REED
- Exchange: NYSE
- SIC code: 2086 Bottled & Canned Soft Drinks & Carbonated Waters
- State of incorporation: DE
- Filer category: Non-accelerated filer<br>Smaller reporting company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:34 ET. No prices; not investment advice.
