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Reed's cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$2.2M in Q2 2026 · −$14.6M over twelve months

Operating cash flow−$2.2M
Free cash flow−$2.2M
Cash conversion cycle67 days

Analysis

In Q2 2026, Reed's generated −$2.2M of operating cash flow. That is $2.9M more than in Q2 2025 (−$5.1M).

Over the twelve months to Jun 30, 2026, operating cash flow was −$14.6M; the largest uses were operating cash flow ($14.6M); the cash balance fell by $267K.

Operating cash flow was −$2.2M against net income of −$4.3M. The largest differences: payables +$1.2M, inventory +$964K, receivables −$273K.

Its cash conversion cycle was 67 days (receivables 37 + inventory 120 − payables 90).

Free cash flow

Reed's: free cash flow by quarterReed's: free cash flow by quarter$1.0MQ3 2024−$4.0MQ4 2024−$5.4MQ1 2025−$5.1MQ2 2025−$2.9MQ3 2025−$3.9MQ4 2025−$5.8MQ1 2026−$2.2MQ2 2026
Operating cash flow less capital spending.
Reed's: operating cash flow against capital spendingReed's: operating cash flow against capital spendingOperating cash flowCapital spending$1.1M$23KQ3 2024−$3.9M$101KQ4 2024−$5.4M$73KQ1 2025−$5.0M$22KQ2 2025−$2.8M$96KQ3 2025−$3.8M$81KQ4 2025−$5.8M$0Q1 2026−$2.2M$0Q2 2026
Latest (Q2 2026): Operating cash flow −$2.2M, Capital spending $0.

Capital allocation, year by year

Reed's: where the cash came from (up) and went (down), by fiscal yearReed's: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingBuybacksFY2021: Operating cash flow −$17.6MFY2021: Net borrowing $10.0MFY2021: Shares issued $7.4MFY2021: Capital spending −$326KFY2021: Buybacks −$15K$17.4MFY2021FY2022: Operating cash flow −$15.5MFY2022: Net borrowing $11.5MFY2022: Shares issued $5.0MFY2022: Buybacks −$2K$16.5MFY2022FY2023: Operating cash flow −$4.3MFY2023: Net borrowing $341KFY2023: Shares issued $4.0MFY2023: Asset sales $68KFY2023: Capital spending −$85KFY2023: Buybacks −$1K$4.4MFY2023FY2024: Operating cash flow −$6.1MFY2024: Net borrowing −$9.2MFY2024: Shares issued $11.9MFY2024: Capital spending −$152K$11.9MFY2024FY2025: Operating cash flow −$17.0MFY2025: Net borrowing −$819KFY2025: Shares issued $18.2MFY2025: Asset sales $25KFY2025: Capital spending −$272K$18.2MFY2025
Over these 5 years operating cash flow totalled −$60.5M; the largest uses were operating cash flow ($60.5M) and net borrowing ($10.0M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$2.4M
Debtnone
Net cash$2.4M
Cash runway2 months

Reed's is burning cash: its operations consume cash, a free cash flow of −$14.6M a year at the current rate against $2.4M of cash and investments: a runway of about 2 months before any new financing.

Where the cash came from and went

Reed's: sources (+) and uses (−) of cash, Q2 2026Reed's: sources (+) and uses (−) of cash, Q2 2026Operating cash flow−$2.2MCash drawn (+) / kept (−)$2.2M
Reed's: sources (+) and uses (−) of cash, TTM to Q2 2026Reed's: sources (+) and uses (−) of cash, TTM to Q2 2026Operating cash flow−$14.6MNot reconciled$14.4MCash drawn (+) / kept (−)$267K

From profit to cash

Reed's: net income to operating cash flow, Q2 2026Reed's: net income to operating cash flow, Q2 2026Net income−$4.3MDepreciation & amortization$25KStock-based pay$3KReceivables−$273KInventory$964KPayables$1.2MAccrued liabilities−$244KPrepaid and other assets$154KOperating cash flow−$2.2M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 2026371209067
Q1 2026331126086
Q4 20252914472101
Q3 202549188113123
Q2 2025451338692
Q1 20253713910175
Q4 20243211710346
Q3 20245516213978

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q2 2026−$2.2M———$2.2M−$2.2M
Q1 2026−$5.8M———$5.8M−$5.8M
Q4 2025−$3.8M−$81K—$10.2M−$6.3M−$3.9M
Q3 2025−$2.8M−$96K—$5.0M−$1.5M−$2.9M
Q2 2025−$5.0M−$22K−$94K—$2.2M−$5.1M
Q1 2025−$5.4M−$73K−$75K—$5.5M−$5.4M
Q4 2024−$3.9M−$101K$4.3M$10.0M−$10.1M−$4.0M
Q3 2024$1.1M−$23K−$3.7M—$20K$1.0M

Reed's: income statement and cash flow

Reed's, Q2 2026: revenue $7.5M (-21% year over year), operating margin -54.3%. The chart follows the revenue to costs, profit and cash.

Reed's: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.