Reed's, Inc. filed a Form 10-Q with the SEC on November 12, 2026, reporting unaudited financial results for the three and nine months ended September 30, 2026, and disclosing a stockholders' deficiency position as of that date.

Key Highlights

  • Net loss of $13,907 thousand for the nine months ended September 30, 2026, compared to a net loss of $12,061 thousand in the same period of 2025, according to the filing.
  • Net sales declined to $21,143 thousand for the nine months ended September 30, 2026, from $26,585 thousand in the comparable prior-year period.
  • Total stockholders' deficiency of $(4,655) thousand as of September 30, 2026, compared to stockholders' equity of $9,151 thousand as of December 31, 2025.
  • Cash decreased to $2,095 thousand at September 30, 2026, from $10,424 thousand at December 31, 2025.
  • Accounts payable rose to $6,832 thousand at September 30, 2026, from $3,496 thousand at December 31, 2025.
  • Loss per share (basic and diluted) was $(1.17) for the nine months ended September 30, 2026, versus $(1.54) for the same period in 2025.
  • 29,278,688 shares of common stock were outstanding as of November 9, 2026, the filing stated.

Reed's Financial Position and Operating Results Through September 2026

According to the filing, Reed's, Inc. (NYSE American:REED) reported net sales of $6,513 thousand for the three months ended September 30, 2026, down from $7,033 thousand in the three months ended September 30, 2025. For the nine-month period, net sales fell to $21,143 thousand from $26,585 thousand a year earlier. The company reported gross profit of $1,635 thousand for the third quarter of 2026, compared to $1,224 thousand in the third quarter of 2025, and gross profit of $4,121 thousand for the nine months ended September 30, 2026, versus $5,433 thousand for the same period in 2025.

The filing disclosed total operating expenses of $4,591 thousand for the three months ended September 30, 2026, and $17,356 thousand for the nine-month period. Loss from operations was $(2,956) thousand for the third quarter of 2026 and $(13,235) thousand for the nine months ended September 30, 2026. Interest expense was reported at $207 thousand for the three-month period and $615 thousand for the nine-month period. The senior secured loan balance stood at $9,250 thousand as of September 30, 2026, net of deferred financing costs of $0, the filing noted.

As of September 30, 2026, total assets were $12,944 thousand and total liabilities were $17,599 thousand, the registrant reported, resulting in total stockholders' deficiency of $(4,655) thousand. The accumulated deficit reached $(181,638) thousand at September 30, 2026, up from $(167,731) thousand at December 31, 2025. During the nine months ended September 30, 2026, the company recorded $7 thousand in fair value of vested options and $94 thousand in fair value of vested restricted shares, contributing to additional paid-in capital of $176,884 thousand. The filing notes that it contains forward-looking statements that are the company's own and subject to its cautionary language.

What Was Disclosed

Reed's, Inc. filed its quarterly report covering the period ended September 30, 2026, disclosing a net loss of $13,907 thousand for the nine-month period, declining net sales, a shift from stockholders' equity to a deficiency position, and reduced cash balances compared to December 31, 2025.