Filing Flows › Reed's (REED) › Q1 2026
Reed's (REED) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 13, 2026
Reed's (REED) reported revenue of $7.1M for the first quarter 2026 (Q1 2026), -29% from a year earlier and -5% from the quarter before. Operating margin was -87.0%, net loss $6.5M (90.5% of revenue).
Reed's, Q1 2026: revenue $7.1M (-29% year over year), operating margin -87.0%, net loss $6.5M, operating cash flow −$5.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.1M | -5% | -29% |
| Operating profit | −$6.2M | — | — |
| Net earnings | −$6.5M | — | — |
| Operating cash flow | −$5.8M | — | — |
What changed
Revenue was $7.1M in Q1 2026, down 29% year over year and down 5% from the previous quarter.
Gross margin was 9.8%, down 24.2 points from Q1 2025. Operating costs exceeded revenue by $6.2M, an operating margin of -87.0%. Operating expenses grew 34% against a revenue fall of 29%. The fastest-growing cost line was General & admin (+101%). The quarter ended with a net loss of $6.5M, wider than the previous quarter's $3.8M loss.
Operating cash flow was −$5.8M. Non-cash charges added back $30K of depreciation and $5K of share-based compensation. Working capital and other items added $585K.
Questions
What was Reed's revenue in the first quarter 2026?
Reed's (REED) reported revenue of $7.1M for the first quarter 2026 (Q1 2026), -29% from a year earlier and -5% from the quarter before.
Was Reed's profitable in the first quarter 2026?
Operating loss was $6.2M (-87.0% of revenue) and net loss $6.5M.
Source: Reed's 10-Q on SEC EDGAR.