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REED · AMEX · Beverages - Non-Alcoholic

Reed's (REED)

Markets ginger beverages and natural craft sodas through an asset-light model.

$0.6445
vs last close+0.00 (+0.36%)
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Reed's, Inc.REED
Consumer Staples

Sells Reed's ginger drinks and Virgil's craft sodas, alongside ready-to-drink alcohol and functional sodas, through wholesale, retail, and e-commerce channels. Its asset-light model uses independent co-packers for all production and third parties for distribution.

Sells ginger beer and ginger ale under the Reed's brand, alongside Virgil's handcrafted sodas. The portfolio also includes alcoholic ready-to-drink ginger drinks, functional sodas, and Flying Cauldron butterscotch soda, with pressed ginger, reduced-sugar choices, and clean-label formulations.

Earns revenue by selling finished beverage cases to distributors, retailers, and direct consumers through natural and specialty wholesalers, direct-store-delivery networks, customer warehouses, company websites, Amazon, and other e-commerce retailers. Its established base is predominantly in the United States; the Asia-Pacific operation has not generated material sales.

Uses an asset-light operating model: independent co-packers make, bottle, and package products to its specifications while internal teams direct brand, product, sales, and distribution development. The model depends on external production capacity, distributor and retailer effort, shelf space, promotional allowances, input availability, and food-labeling and alcohol-distribution rules.

Company facts

CEONeal M. Cohane
ListedDec 5, 2025
ExchangeAMEX
HeadquartersNorwalk, CT
CountryUnited States
Employees44
CIK0001140215
ISINUS7583384042

Market cap$7.6M
EPS (ttm)−$1.83
P/E (ttm)−0.3509
ROE-564.2%
P/B
P/S0.2605
Dividend yieldDiv yield
Beta−0.00vs XLP −0.17

Price target$7.63+1,091.4%Average of 10 analysts
ConsensusBuy8 of 10 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

No analyst notes in the last 24 months.

Next report
Nov 11, 26
in 50 days
EPS estimate
−$0.26
Revenue estimate
$8.3M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported−$1.38−$0.24−$0.60−$0.48−$0.44−$0.55−$0.36Pending
Estimate−$0.11−$0.18−$0.24−$0.18−$0.36−$0.29−$0.41−$0.26
Surprise−1,154.5%−33.3%−150.0%−166.7%−22.2%−89.7%+13.0%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$9.7M$10.0M$9.5M$7.0M$7.5M$7.1M$7.5MPending
Estimate$8.7M$9.8M$10.3M$10.9M$8.0M$7.5M$7.6M$8.3M
Surprise+11.9%+1.6%−7.5%−35.5%−6.3%−5.1%−1.7%
Estimate−$0.26
ReportedDue Nov 11, 2026
Estimate$8.3M
ReportedDue Nov 11, 2026
View details

Current ratio84.60%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$6.8M$9.7M$10.0M$9.5M$7.0M$7.5M$7.1M$7.5M
Net income−$4.2M−$4.1M−$2.0M−$6.0M−$4.0M−$3.8M−$6.5M−$4.3M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$3.1M−$3.7M−$1.7M−$5.8M−$4.1M−$3.5M−$6.2M−$4.1M
YoY growthLoss narrowedLoss widenedLoss widenedLoss widenedLoss narrowedLoss widenedLoss narrowed

Balance sheet, Jun 30, 2026Cash & short-term investments $2.4M · Total debt $822.0K · Total assets $15.4M · Shareholders' equity −$1.5M

Revenue
$7.5M
Operating income
−$4.1M
Net income
−$4.3M
View details

No dividends on record.

Insiders53.68%6.36M shares
2 holders · as of Jun 5, 2026
Other46.32%5.49M shares
remainder

11.86M company shares as of Sep 22, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Deng, ShufenInsider
53.66%6.36Mfiled Jun 5, 2026
Joseph GraceInsider
0.01%1,683filed Oct 20, 2016
Era Regenerative Medicine LtdStrategic
57.80% of class, as filedfiled Jun 11, 2025
Handelsbanken Fonder ABInstitution
4.00% of class, as filedfiled Feb 12, 2021
J. BelloInsider
9.87% of class, as filedfiled Jun 7, 2023

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

  • Keurig Dr Pepper

    Canada Dry, Schweppes and IBC dominate ginger ale and craft-soda shelves.

  • Zevia

    Zero-sugar ginger ale and soda compete for wellness-oriented shelves.

  • Anheuser-Busch InBev (ADR)

    Cutwater and NÜTRL pressure alcoholic RTD cocktail and seltzer occasions.

Compare

CompanyPriceChange
Reed's$0.6445+0.36%$7.6M0.3−21.4%
Keurig Dr Pepper$31.58+3.14%$41.66B30.812.82.1+75.6%
Zevia$1.36−2.52%$99.8M0.6+1.1%
Anheuser-Busch InBev (ADR)$78.49+0.69%$153.52B16.52.5+6.4%
Median23.712.82.1+6.4%