Filing Flows › Reed's (REED) › Q1 2025
Reed's (REED) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 14, 2025
Reed's (REED) reported revenue of $10.0M for the first quarter 2025 (Q1 2025), +5% from a year earlier and +3% from the quarter before. Operating margin was -17.4%, net loss $2.0M (20.3% of revenue).
Reed's, Q1 2025: revenue $10.0M (+4% year over year), operating margin -17.4%, net loss $2.0M, operating cash flow −$5.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.0M | +3% | +5% |
| Operating profit | −$1.7M | — | — |
| Net earnings | −$2.0M | — | — |
| Operating cash flow | −$5.4M | — | — |
What changed
Revenue was $10.0M in Q1 2025, up 5% year over year and up 3% from the previous quarter.
Gross margin was 33.9%, down 1.6 points from a year earlier. Operating costs exceeded revenue by $1.7M, an operating margin of -17.4%. Operating expenses grew 27% against revenue growth of 5%. The fastest-growing cost line was Sales & marketing (+37%). The quarter ended with a net loss of $2.0M, narrower than the previous quarter's $4.1M loss.
Operating cash flow was −$5.4M. Non-cash charges added back $41K of depreciation and $47K of share-based compensation. Working capital and other items used $3.4M. Capital expenditures of $73K exceeded it, leaving free cash flow of −$5.4M.
Questions
What was Reed's revenue in the first quarter 2025?
Reed's (REED) reported revenue of $10.0M for the first quarter 2025 (Q1 2025), +5% from a year earlier and +3% from the quarter before.
Was Reed's profitable in the first quarter 2025?
Operating loss was $1.7M (-17.4% of revenue) and net loss $2.0M.
Source: Reed's 10-Q on SEC EDGAR.