REED'S, INC.REEDEarnings & Financial Report
Waddell & Reed Financial, Inc. was an American asset management and financial planning company founded in 1937 in Kansas City, Missouri. It was a publicly traded company from 1998 to 2021, and briefly had its headquarters in Overland Park, Kansas, and was planning a move back to Downtown Kansas City before the company was sold. It operated asset management and distribution subsidiaries, including Ivy Investment Management Company and Waddell & Reed Investment Management Company.
Revenue
$11.9M
Gross Profit
$3.8M
Operating Profit
$-669.0K
Net Profit
$-3.2M
Gross Margin
32.3%
Operating Margin
-5.6%
Net Margin
-27.1%
YoY Growth
18.7%
EPS
$-0.77
Financial Flow
REED'S, INC. Q2 2024 Financial Summary
REED'S, INC. reported revenue of $11.9M (up 18.7% YoY) for Q2 2024, with a net profit of $-3.2M (down 2.5% YoY) (-27.1% margin). Cost of goods sold was $8.0M, operating expenses totaled $4.5M.
Key Financial Metrics
| Total Revenue | $11.9M |
|---|---|
| Net Profit | $-3.2M |
| Gross Margin | 32.3% |
| Operating Margin | -5.6% |
| Report Period | Q2 2024 |
REED'S, INC. Annual Revenue by Year
REED'S, INC. annual revenue history includes year-by-year totals (for example, 2025 revenue was $34.1M).
| Year | Annual Revenue |
|---|---|
| 2025 | $34.1M |
| 2024 | $38.0M |
| 2023 | $44.7M |
| 2022 | $53.0M |
REED'S, INC. Quarterly Revenue & Net Profit History
REED'S, INC. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $7.5M | -23.1% | $-3.8M | -50.5% |
| Q3 2025 | $7.0M | +4.2% | $-4.0M | -56.6% |
| Q2 2025 | $9.5M | -19.8% | $-6.0M | -63.5% |
| Q1 2025 | $10.0M | +4.5% | $-2.0M | -20.3% |
| Q4 2024 | $9.7M | -16.8% | $-4.1M | -42.3% |
| Q3 2024 | $6.8M | -43.0% | $-4.2M | -61.5% |
| Q2 2024 | $11.9M | +18.7% | $-3.2M | -27.1% |
| Q1 2024 | $9.6M | -14.0% | $-1.7M | -17.4% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $9.6M | $11.9M | $6.8M | $9.7M | $10.0M | $9.5M | $7.0M | $7.5M |
| YoY Growth | -14.0% | 18.7% | -43.0% | -16.8% | 4.5% | -19.8% | 4.2% | -23.1% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $19.3M | $18.7M | $15.0M | $25.1M | $24.5M | $23.7M | $19.9M | $23.3M |
| Liabilities | $40.0M | $42.6M | $37.0M | $18.5M | $19.9M | $22.0M | $17.2M | $14.2M |
| Equity | $-20.7M | $-23.8M | $-22.0M | $6.6M | $4.7M | $1.7M | $2.8M | $9.2M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-2.4M | $-912000 | $1.1M | $-3.9M | $-5.4M | $-5.0M | $-2.8M | $-3.8M |