Filing Flows › Reed's (REED) › Q4 2025
Reed's (REED) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 25, 2026
Reed's (REED) reported revenue of $7.5M for the fourth quarter 2025 (Q4 2025), -23% from a year earlier and +6% from the quarter before. Operating margin was -46.9%, net loss $3.8M (50.5% of revenue).
Reed's, Q4 2025: revenue $7.5M (-23% year over year), operating margin -46.9%, net loss $3.8M, operating cash flow −$3.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.5M | +6% | -23% |
| Operating profit | −$3.5M | — | — |
| Net earnings | −$3.8M | — | — |
| Operating cash flow | −$3.8M | — | — |
What changed
Revenue was $7.5M in Q4 2025, down 23% year over year and up 6% from the previous quarter.
Gross margin was 20.4%, down 9.5 points from Q4 2024. Operating costs exceeded revenue by $3.5M, an operating margin of -46.9%. Operating expenses fell 23% while revenue fell 23%. The fastest-growing cost line was Sales & marketing (+21%). The quarter ended with a net loss of $3.8M, narrower than the previous quarter's $4.0M loss.
Operating cash flow was −$3.8M. Non-cash charges added back $39K of depreciation. Capital expenditures of $81K exceeded it, leaving free cash flow of −$3.9M.
Questions
What was Reed's revenue in the fourth quarter 2025?
Reed's (REED) reported revenue of $7.5M for the fourth quarter 2025 (Q4 2025), -23% from a year earlier and +6% from the quarter before.
Was Reed's profitable in the fourth quarter 2025?
Operating loss was $3.5M (-46.9% of revenue) and net loss $3.8M.
Source: Reed's 10-K on SEC EDGAR.