Splash Beverage Group Inc Financials

SBEV

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Splash Beverage Group Inc (SBEV) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 0/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Splash Beverage Group Inc has an operating margin of -386.2%, meaning the company retains $-386 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -81.1% the prior year.

Growth

Splash Beverage Group Inc's revenue declined 78% year-over-year, from $18.9M to $4.2M. This contraction results in a growth score of 0/100.

Liquidity

Splash Beverage Group Inc's current ratio of 0.10 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.

Cash Flow

While Splash Beverage Group Inc generated -$8.0M in operating cash flow, capex of $3K consumed most of it, leaving -$8.0M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Weak

1/9

Splash Beverage Group Inc passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Low Quality

0.34x

For every $1 of reported earnings, Splash Beverage Group Inc generates $0.34 in operating cash flow (-$8.0M OCF vs -$23.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-4.3x

Splash Beverage Group Inc earns $-4.3 in operating income for every $1 of interest expense (-$16.0M vs $3.7M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

Export CSV

Revenue

$4.2M

YoY-78.0%

5Y CAGR+189.6%

10Y CAGR+21.2%

Splash Beverage Group Inc generated $4.2M in revenue in fiscal year 2024. This represents a decrease of 78.0% from the prior year.

EBITDA

-$15.5M

YoY-5.2%

Splash Beverage Group Inc's EBITDA was -$15.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 5.2% from the prior year.

Free Cash Flow

-$8.0M

YoY+21.5%

Splash Beverage Group Inc generated -$8.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 21.5% from the prior year.

Net Income

-$23.8M

YoY-13.1%

Splash Beverage Group Inc reported -$23.8M in net income in fiscal year 2024. This represents a decrease of 13.1% from the prior year.

EPS (Diluted)

$-17.68

YoY+10.7%

Splash Beverage Group Inc earned $-17.68 per diluted share (EPS) in fiscal year 2024. This represents an increase of 10.7% from the prior year.

Cash & Debt

$15K

YoY-96.0%

5Y CAGR-18.5%

10Y CAGR-4.7%

Splash Beverage Group Inc held $15K in cash against $2.0M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

YoY+50.7%

Splash Beverage Group Inc had 2M shares outstanding in fiscal year 2024. This represents an increase of 50.7% from the prior year.

Gross Margin

8.6%

YoY-21.0pp

5Y CAGR+1112.8pp

10Y CAGR-49.2pp

Splash Beverage Group Inc's gross margin was 8.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 21.0 percentage points from the prior year.

Operating Margin

-386.2%

YoY-305.1pp

5Y CAGR+21623.2pp

10Y CAGR-381.6pp

Splash Beverage Group Inc's operating margin was -386.2% in fiscal year 2024, reflecting core business profitability. This is down 305.1 percentage points from the prior year.

Net Margin

-571.7%

YoY-460.3pp

5Y CAGR+24619.5pp

10Y CAGR-566.8pp

Splash Beverage Group Inc's net profit margin was -571.7% in fiscal year 2024, showing the share of revenue converted to profit. This is down 460.3 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$3K

YoY-77.1%

5Y CAGR-23.8%

10Y CAGR-20.1%

Splash Beverage Group Inc invested $3K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 77.1% from the prior year.

SBEV Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$4.2M-78.0%	$18.9M+4.2%	$18.1M+59.8%	$11.3M+280.2%	$3.0M+14497.2%	$20K
Cost of Revenue	$3.8M-71.4%	$13.3M+9.1%	$12.2M+64.5%	$7.4M+282.0%	$1.9M+688.8%	$246K
Gross Profit	$355K-93.6%	$5.6M-5.9%	$5.9M+51.1%	$3.9M+977.5%	$364K+261.5%	-$225K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	$204K
Operating Income	-$16.0M-5.0%	-$15.3M+28.5%	-$21.4M+26.4%	-$29.1M-64.7%	-$17.7M-293.6%	-$4.5M
Interest Expense	$3.7M+99.4%	$1.9M+638.3%	$251K-43.2%	$443K+122.4%	-$2.0M-23749.4%	$8K
Income Tax	$0	$0	$0	$0	$0	$0
Net Income	-$23.8M-13.1%	-$21.0M+3.2%	-$21.7M+25.3%	-$29.1M-1.3%	-$28.7M-458.3%	-$5.1M
EPS (Diluted)	$-17.68+10.7%	$-19.79	$-0.58+43.1%	$-1.02+3.8%	$-1.06-2550.0%	$-0.04

Metric	Q3'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23
Revenue	N/A	$438K-25.2%	$586K-44.0%	$1.0M-32.1%	$1.5M-42.7%	$2.7M-47.7%	$5.1M-1.0%	$5.2M
Cost of Revenue	N/A	$469K-49.6%	$930K+15.8%	$802K-41.7%	$1.4M-75.2%	$5.6M+44.4%	$3.8M+12.6%	$3.4M
Gross Profit	N/A	-$30K+91.1%	-$344K-240.6%	$244K+49.4%	$164K-77.7%	$733K-43.5%	$1.3M-27.0%	$1.8M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	$55K	N/A	N/A	N/A	$3.0M+4.4%	$2.9M
Operating Income	-$9.5M-369.6%	-$2.0M+68.4%	-$6.4M-74.4%	-$3.7M-13.6%	-$3.3M+1.1%	-$3.3M+24.0%	-$4.3M-2.4%	-$4.2M
Interest Expense	$320K-49.8%	$637K-61.5%	$1.7M+166.4%	$622K+16.8%	$533K-58.9%	$1.3M+484.9%	$221K+28.3%	$173K
Income Tax	$0	$0	$0	$0	$0	$0	$0	$0
Net Income	-$9.9M-170.8%	-$3.7M+59.6%	-$9.0M-69.7%	-$5.3M-14.0%	-$4.7M+22.1%	-$6.0M-5.7%	-$5.7M-1.1%	-$5.6M
EPS (Diluted)	$-4.51-128.9%	$-1.97+64.9%	$-5.62	$-4.34-4.1%	$-4.17	$-19.43	$-0.130.0%	$-0.13

SBEV Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$2.8M-72.1%	$9.9M-42.8%	$17.3M+5.6%	$16.4M+77.6%	$9.2M+1424.1%	$605K
Current Assets	$1.9M-52.1%	$4.0M-62.7%	$10.7M+27.8%	$8.3M+271.7%	$2.2M+505.4%	$371K
Cash & Equivalents	$15K-96.0%	$380K-91.4%	$4.4M+6.0%	$4.2M+1000.4%	$380K+791.2%	$43K
Inventory	$893K-60.4%	$2.3M-39.5%	$3.7M+93.5%	$1.9M+141.0%	$798K+162.6%	$304K
Accounts Receivable	$397K-55.4%	$891K-50.9%	$1.8M+62.6%	$1.1M+129.9%	$485K+4142.0%	$11K
Goodwill	N/A	$257K0.0%	$257K0.0%	$257K-95.5%	$5.7M	N/A
Total Liabilities	$21.4M+38.0%	$15.5M+94.2%	$8.0M+6.3%	$7.5M-59.6%	$18.6M+79.3%	$10.4M
Current Liabilities	$19.4M+31.3%	$14.8M+197.1%	$5.0M-23.4%	$6.5M+19.6%	$5.4M-47.3%	$10.3M
Long-Term Debt	$2.0M+330.7%	$458K-82.0%	$2.5M	$0-100.0%	$1.2M+59979.7%	$2K
Total Equity	-$18.6M-232.4%	-$5.6M-160.1%	$9.3M+5.1%	$8.9M+194.9%	-$9.4M+4.2%	-$9.8M
Retained Earnings	-$155.8M-16.9%	-$133.3M-18.7%	-$112.3M-23.9%	-$90.6M-47.2%	-$61.6M-93.4%	-$31.8M

Metric	Q3'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23
Total Assets	$22.5M+796.4%	$2.5M-9.1%	$2.8M-65.8%	$8.1M-5.8%	$8.6M-13.5%	$9.9M-12.0%	$11.2M-14.4%	$13.1M
Current Assets	$2.0M+16.3%	$1.7M-11.0%	$1.9M-25.0%	$2.5M-10.5%	$2.8M-28.7%	$4.0M-22.3%	$5.1M-25.8%	$6.9M
Cash & Equivalents	$266K	N/A	$15K+84.9%	$8K-43.8%	$15K-96.1%	$380K+295.3%	$96K-89.4%	$903K
Inventory	$855K-0.7%	$861K-3.6%	$893K-31.6%	$1.3M-11.3%	$1.5M-34.7%	$2.3M-22.5%	$2.9M-15.7%	$3.4M
Accounts Receivable	$140K-19.3%	$173K-56.5%	$397K-40.7%	$669K-11.5%	$756K-15.1%	$891K-41.1%	$1.5M-22.6%	$2.0M
Goodwill	N/A	N/A	$257K0.0%	$257K0.0%	$257K0.0%	$257K0.0%	$257K0.0%	$257K
Total Liabilities	$15.7M-30.3%	$22.5M+5.3%	$21.4M+16.2%	$18.4M+1.9%	$18.1M+16.5%	$15.5M+30.3%	$11.9M+29.9%	$9.2M
Current Liabilities	$15.6M-23.4%	$20.4M+5.4%	$19.4M+15.2%	$16.8M-1.2%	$17.0M+15.4%	$14.8M+32.5%	$11.1M+30.0%	$8.6M
Long-Term Debt	$58K-97.2%	$2.1M+5.6%	$2.0M+37.6%	$1.4M+76.8%	$810K+77.0%	$458K+12.0%	$409K-43.3%	$721K
Total Equity	$6.8M+133.8%	-$20.0M-7.5%	-$18.6M-80.0%	-$10.4M-9.0%	-$9.5M-69.5%	-$5.6M-752.1%	-$658K-116.6%	$4.0M
Retained Earnings	-$178.3M-11.8%	-$159.5M-2.3%	-$155.8M-9.7%	-$142.1M-3.9%	-$136.7M-2.6%	-$133.3M-4.7%	-$127.3M-4.7%	-$121.7M

SBEV Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$8.0M+21.4%	-$10.2M+27.4%	-$14.0M+4.5%	-$14.7M+31.1%	-$21.3M-701.9%	-$2.7M
Capital Expenditures	$3K-77.1%	$14K-86.3%	$103K	$0-100.0%	$91K+625.5%	$13K
Free Cash Flow	-$8.0M+21.5%	-$10.2M+27.9%	-$14.1M+3.8%	-$14.7M+31.3%	-$21.4M-701.5%	-$2.7M
Investing Cash Flow	-$3K+77.1%	-$14K+86.3%	-$103K	$0+100.0%	-$769K-6023.5%	-$13K
Financing Cash Flow	$7.5M+22.7%	$6.1M-57.4%	$14.4M-24.0%	$19.0M-15.5%	$22.5M+1167.0%	$1.8M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23
Operating Cash Flow	-$2.4M-234.8%	-$724K+55.3%	-$1.6M+33.3%	-$2.4M-85.8%	-$1.3M+22.4%	-$1.7M+14.9%	-$2.0M+18.1%	-$2.4M
Capital Expenditures	N/A	N/A	$0	N/A	$0-100.0%	$2K	$0-100.0%	$2K
Free Cash Flow	N/A	N/A	-$1.6M	N/A	-$1.3M+22.5%	-$1.7M+14.9%	-$2.0M+18.1%	-$2.4M
Investing Cash Flow	N/A	N/A	$0-100.0%	$2K	$0+100.0%	-$2K	$0+100.0%	-$2K
Financing Cash Flow	$2.7M+253.8%	$756K-34.8%	$1.2M-52.1%	$2.4M+154.9%	$950K-52.0%	$2.0M+72.8%	$1.1M-4.1%	$1.2M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

SBEV Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	8.6%-21.0pp	29.5%-3.2pp	32.7%-1.9pp	34.6%+22.4pp	12.2%+1116.4pp	-1104.2%
Operating Margin	-386.2%-305.1pp	-81.1%+37.2pp	-118.3%+138.7pp	-257.0%+336.5pp	-593.5%+21415.9pp	-22009.4%
Net Margin	-571.7%-460.3pp	-111.4%+8.5pp	-119.9%+136.8pp	-256.7%+706.8pp	-963.6%+24227.7pp	-25191.2%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-861.0%-648.8pp	-212.2%-86.9pp	-125.3%+52.0pp	-177.3%+133.5pp	-310.8%+537.6pp	-848.4%
Current Ratio	0.10-0.2	0.27-1.9	2.15+0.9	1.29+0.9	0.41+0.4	0.04
Debt-to-Equity	-0.11-0.0	-0.08-0.4	0.27+0.3	0.00+0.1	-0.13-0.1	-0.00
FCF Margin	-192.7%-138.6pp	-54.1%+24.1pp	-78.2%+51.7pp	-129.9%+589.5pp	-719.4%+12381.5pp	-13100.9%

Metric	Q3'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23
Gross Margin	N/A	-7.0%+51.7pp	-58.7%-82.0pp	23.4%+12.7pp	10.6%-16.6pp	27.3%+2.1pp	25.2%-9.0pp	34.2%
Operating Margin	N/A	-463.8%+634.6pp	-1098.4%-745.8pp	-352.6%-141.6pp	-211.0%-88.7pp	-122.3%-38.2pp	-84.0%-2.8pp	-81.3%
Net Margin	N/A	-832.9%+709.9pp	-1542.9%-1034.0pp	-508.9%-205.7pp	-303.2%-80.2pp	-223.0%-112.7pp	-110.2%-2.2pp	-108.0%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-44.0%+101.5pp	-145.5%+182.1pp	-327.6%-261.5pp	-66.1%-11.5pp	-54.6%+6.0pp	-60.6%-10.1pp	-50.4%-7.7pp	-42.7%
Current Ratio	0.13+0.0	0.08-0.0	0.10-0.1	0.15-0.0	0.17-0.1	0.27-0.2	0.46-0.3	0.81
Debt-to-Equity	0.01+0.1	-0.100.0	-0.11+0.0	-0.14-0.1	-0.090.0	-0.08+0.5	-0.62-0.8	0.18
FCF Margin	N/A	N/A	-276.6%	N/A	-84.9%-22.1pp	-62.7%-24.2pp	-38.5%+8.1pp	-46.6%

Note: Shareholder equity is negative (-$18.6M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.10), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Innovation Beverage Group Ltd IBG

$2.8M

LQR House Inc. YHC

$19.1M

Willamette Valy WVVIP

$24.7M

Willamette Vy Vineyard Inc WVVI

$12.8M

Beeline Holdings, Inc BLNE

$85.6M

Frequently Asked Questions

What is Splash Beverage Group Inc's annual revenue?

Splash Beverage Group Inc (SBEV) reported $4.2M in total revenue for fiscal year 2024. This represents a -78.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Splash Beverage Group Inc's revenue growing?

Splash Beverage Group Inc (SBEV) revenue declined by 78% year-over-year, from $18.9M to $4.2M in fiscal year 2024.

Is Splash Beverage Group Inc profitable?

No, Splash Beverage Group Inc (SBEV) reported a net income of -$23.8M in fiscal year 2024, with a net profit margin of -571.7%.

What is Splash Beverage Group Inc's earnings per share (EPS)?

Splash Beverage Group Inc (SBEV) reported diluted earnings per share of $-17.68 for fiscal year 2024. This represents a 10.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Splash Beverage Group Inc's EBITDA?

Splash Beverage Group Inc (SBEV) had EBITDA of -$15.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Splash Beverage Group Inc have?

As of fiscal year 2024, Splash Beverage Group Inc (SBEV) had $15K in cash and equivalents against $2.0M in long-term debt.

What is Splash Beverage Group Inc's gross margin?

Splash Beverage Group Inc (SBEV) had a gross margin of 8.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Splash Beverage Group Inc's operating margin?

Splash Beverage Group Inc (SBEV) had an operating margin of -386.2% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Splash Beverage Group Inc's net profit margin?

Splash Beverage Group Inc (SBEV) had a net profit margin of -571.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Splash Beverage Group Inc's free cash flow?

Splash Beverage Group Inc (SBEV) generated -$8.0M in free cash flow during fiscal year 2024. This represents a 21.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Splash Beverage Group Inc's operating cash flow?

Splash Beverage Group Inc (SBEV) generated -$8.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Splash Beverage Group Inc's total assets?

Splash Beverage Group Inc (SBEV) had $2.8M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Splash Beverage Group Inc's capital expenditures?

Splash Beverage Group Inc (SBEV) invested $3K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Splash Beverage Group Inc have outstanding?

Splash Beverage Group Inc (SBEV) had 2M shares outstanding as of fiscal year 2024.

What is Splash Beverage Group Inc's current ratio?

Splash Beverage Group Inc (SBEV) had a current ratio of 0.10 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is Splash Beverage Group Inc's debt-to-equity ratio?

Splash Beverage Group Inc (SBEV) had a debt-to-equity ratio of -0.11 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Splash Beverage Group Inc's return on assets (ROA)?

Splash Beverage Group Inc (SBEV) had a return on assets of -861.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Splash Beverage Group Inc's cash runway?

Based on fiscal year 2024 data, Splash Beverage Group Inc (SBEV) had $15K in cash against an annual operating cash burn of $8.0M. This gives an estimated cash runway of approximately 0 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

Why is Splash Beverage Group Inc's debt-to-equity ratio negative or unusual?

Splash Beverage Group Inc (SBEV) has negative shareholder equity of -$18.6M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Splash Beverage Group Inc's Piotroski F-Score?

Splash Beverage Group Inc (SBEV) has a Piotroski F-Score of 1 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Splash Beverage Group Inc's earnings high quality?

Splash Beverage Group Inc (SBEV) has an earnings quality ratio of 0.34x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Splash Beverage Group Inc cover its interest payments?

Splash Beverage Group Inc (SBEV) has an interest coverage ratio of -4.3x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Splash Beverage Group Inc?

Splash Beverage Group Inc (SBEV) scores 0 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.