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SPLASH BEVERAGE GROUP, INC. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data SPLASH BEVERAGE GROUP, INC. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue1.010.91.310.022.9811.318.118.90.80.07
Cost of revenue0.480.440.610.251.947.412.213.33.8
Gross profit0.530.450.7-0.230.363.925.925.57-0.120.02
Selling, general and administrative0.140.160.190.2
Selling and marketing0.070.150.792.812.490.480.08
Operating expenses0.580.610.644.26183327.320.99.7814.2
Operating income-0.05-0.160.07-4.49-17.7-29.1-21.4-15.3-9.9-14.2
Interest expense000.010.010.440.251.863.72.52
Interest income00000.0100
Other non-operating income00.010-0.65-1.93-0.26-0.25-5.72-7.71-10.2
Pre-tax income-0.05-0.150.07-0.48
Income tax0000000000
Income from continuing operations-5.14-19.6-29.3-21.6-21-23.8
Net income-0.05-0.150.07-5.14-28.7-29.1-21.7-21-23.8-25.2
EBITDA0.01-0.090.13-4.48-17.5-29-20.5-14.7-9.5-14.2
EPS, basic0.00-0.010.01-0.04-1.06-1.02-17.68-11.97
EPS, diluted0.00-0.010.01-0.04-1.06-1.02-17.68-11.97
Shares, basic (weighted)10.511.311.411.655.637.41.061.342.18
Shares, diluted (weighted)10.511.311.411.918.528.937.41.061.342.18

Balance sheet

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash and equivalents0.060.020.940.040.384.184.430.380.010.28
Receivables0.210.150.30.010.481.111.810.890.190.02
Inventory0.040.30.81.923.722.250.320.03
Other current assets0.010.170.610.350.220.270.21
Total current assets0.290.190.350.372.248.3410.73.981.90.63
Property, plant and equipment0.060.050.060.040.680.570.490.350.020.01
Lease right-of-use assets00.160.081.030.750.560.350.05
Goodwill5.670.260.260.26
Intangible assets5.64.854.46
Total assets0.360.240.410.619.2316.417.39.92.760.97
Accounts payable0.210.230.330.71.521.913.384.443.594.81
Short-term debt0.010.010.010
Total current liabilities0.290.30.4110.35.426.484.9714.819.416.3
Long-term debt0.030.010.0101.240.32.540.461.970
Lease liabilities00.080.030.730.480.30.050
Total liabilities0.320.310.4110.49.337.517.9815.521.416.3
Total debt0.030.010.0101.2402.540.461.970
Paid-in capital022.152.299.5122128137167
Retained earnings-0.17-0.32-0.25-31.8-61.6-90.6-112-133-156-182
Treasury stock-0.05
Other comprehensive income0-0.02-0.020.080.03
Shareholders' equity0.04-0.07-7.83-9.76-9.358.879.32-5.61-18.6-15.3
Total equity0.04-0.07-7.83-9.76-9.358.879.32-5.61-18.6-15.3
Total liabilities and equity0.360.240.410.619.2316.417.39.92.760.97
Shares outstanding10.911.311.543.921.233.641.11.111.670.75

Cash flow statement

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income-0.05-0.150.07-5.1428.7-29.1-21.7-21-23.8-25.3
Depreciation and amortization0.060.070.060.010.110.110.940.550.40.01
Stock-based compensation01.622.333.977.411.172.368.62
Change in receivables0.04-0.05-0.15-0.01-0.39-0.63-0.70.920.330.18
Change in inventory0-0-0.02-0.03-0.22-1.13-1.81.470.60.29
Change in payables0.070.020.10.02-0.060.451.591.060.640.73
Cash from operations0.03-0.020.06-2.66-21.3-14.7-14-10.2-7.3-4.82
Capital expenditures-0.06-0.06-0.08-0.01-0.090-0.1-0.01-0
Acquisitions-0.5
Purchases of investments-0.25
Cash from investing-0.05-0.04-0.07-0.01-0.770-0.1-0.01-0
Debt issued0.132.440.934.054.2
Debt repaid-0.64-1.04-2.01-0.58
Stock issued1.5820.219.611.40
Cash from financing0.070.02-0.011.7822.51914.46.157.545.1
Exchange rate effect-0.0200.1-0.05
Net change in cash-0.90.343.80.25-4.05-0.150.27
Free cash flow-0.03-0.08-0.01-2.67-21.4-14.7-14.1-10.2-7.31
Interest paid000.010.020.170.20.240.80.13
Income taxes paid000000

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $0.47 on August 21, 2026.

Profitability

MetricValueHow it is calculated
Gross margin79.0%Gross profit / revenue.
Operating margin-43,666.0%Operating income / revenue.
EBITDA margin-43,834.0%EBITDA (operating income + depreciation and amortization) / revenue.
Net margin-53,857.0%Net income / revenue.
Operating cash flow margin-17,086.0%Cash from operations / revenue.
Return on assets (ROA)-1,606.0%Net income / average total assets.
Stock-based pay / revenue30,269.0%Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue-168.7%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-90.9%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y-84.1%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y-52.4%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit CAGR, 3y-85.8%Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y-45.9%Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y-65.0%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-61.8%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y-36.3%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y62.8%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y-61.2%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y-34.8%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio0.05xCurrent assets / current liabilities.
Quick ratio0.02x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.01x(Cash + short-term investments) / current liabilities.
Liabilities / assets1,563.0%Total liabilities / total assets.
Interest coverage-5.88xOperating income / interest expense.
Working capital-$15.9MCurrent assets - current liabilities.
Tangible book value-$15.7MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.03xRevenue / average total assets.
Receivables turnover2.24xRevenue / average receivables.
Days sales outstanding163 days365 x average receivables / revenue.

Per share

MetricValueHow it is calculated
EPS, diluted-$5.64Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share$0.01Revenue / diluted weighted shares.
Operating cash flow per share-$1.79Cash from operations / diluted weighted shares.
Book value per share-$21.01Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share-$21.01Tangible book value / shares outstanding.
Cash per share$0.32(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$3.0MShare price x shares outstanding.
Enterprise value$2.8MMarket cap + total debt - cash - short-term investments.
P/S94.3xMarket cap / revenue.
EV/Sales86.8xEnterprise value / revenue.
Earnings yield-571.0%Net income / market cap (the inverse of P/E).
What was SPLASH BEVERAGE GROUP, INC.'s revenue in fiscal 2025?

SPLASH BEVERAGE GROUP, INC. reported revenue of $73.1K for fiscal 2025, 90.9% lower than the year before.

Was SPLASH BEVERAGE GROUP, INC. profitable in fiscal 2025?

No. It reported a net loss of $25.2M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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