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

Splash Beverage Group Inc (SBEV) reported diluted earnings per share of $-11.97 for fiscal year 2025. This represents a 32.3% 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.

Splash Beverage Group Inc Financials

SBEV

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 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 15 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).

Rhea AI SBEV FY2025 2026-04-30

Sales have largely evaporated, leaving fixed cash obligations and a liability-heavy balance sheet to dominate how the company now operates.

Across the last two valid years, revenue collapsed from $18.9M to $73K, showing the commercial engine has largely stalled rather than merely downshifted. Yet operating cash outflow was still -$4.8M in FY2025, and with a current ratio of 0.04x the strain now looks like fixed obligations outlasting the operating business, not a temporary margin issue.

A positive gross margin of 23.1% on FY2025 sales does not signal a healthy core business, because interest expense alone was $2.5M. The bottleneck has moved below gross profit: the remaining revenue base is too small to absorb corporate costs and financing overhead.

Since FY2022, total assets fell from $17.3M to $966K. Because liabilities were still $16.3M in FY2025, the company now appears liability-financed rather than operating-financed, with very little asset cushion left to support creditors or day-to-day liquidity.

Financial Health Signals

Financial Profile 16/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Splash Beverage Group Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

Splash Beverage Group Inc's revenue declined 90.9% year-over-year, from $801K to $73K. This contraction results in a growth score of 0/100.

Leverage

Splash Beverage Group Inc carries a low D/E ratio of -0.00, meaning only $-0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 96/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Splash Beverage Group Inc's current ratio of 0.04 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Piotroski F-Score Weak

2/9

Splash Beverage Group Inc passes 2 of 9 financial strength tests. No profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Key Financial Metrics

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Earnings & Revenue

Revenue

$73K

YoY-90.9%

5Y CAGR-52.4%

10Y CAGR-22.2%

Splash Beverage Group Inc generated $73K in revenue in fiscal year 2025. This represents a decrease of 90.9% from the prior year.

EBITDA

N/A

Net Income

N/A

EPS (Diluted)

$-11.97

YoY+32.3%

Splash Beverage Group Inc earned $-11.97 per diluted share (EPS) in fiscal year 2025. This represents an increase of 32.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$281K

YoY+1941.0%

5Y CAGR-5.8%

10Y CAGR+44.0%

Splash Beverage Group Inc held $281K in cash against $3K in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

YoY+52.8%

Splash Beverage Group Inc had 3M shares outstanding in fiscal year 2025. This represents an increase of 52.8% from the prior year.

Margins & Returns

Gross Margin

23.1%

YoY+38.1pp

5Y CAGR+10.9pp

10Y CAGR-29.3pp

Splash Beverage Group Inc's gross margin was 23.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 38.1 percentage points from the prior year.

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

SBEV Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$73K-90.9%	$801K-95.7%	$18.9M+4.2%	$18.1M+59.8%	$11.3M+280.2%	$3.0M
Cost of Revenue	N/A	$3.8M-71.4%	$13.3M+9.1%	$12.2M+64.5%	$7.4M+282.0%	$1.9M
Gross Profit	$17K+114.1%	-$120K-102.2%	$5.6M-5.9%	$5.9M+51.1%	$3.9M+977.5%	$364K
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	N/A
Operating Income	N/A	-$9.9M+35.2%	-$15.3M+28.5%	-$21.4M+26.4%	-$29.1M-64.7%	-$17.7M
Interest Expense	$2.5M-31.9%	$3.7M+99.4%	$1.9M+638.3%	$251K-43.2%	$443K+122.4%	-$2.0M
Income Tax	$0	$0	$0	$0	$0	$0
Net Income	N/A	N/A	-$21.0M+3.2%	-$21.7M+25.3%	-$29.1M-1.3%	-$28.7M
EPS (Diluted)	$-11.97+32.3%	$-17.68+10.7%	$-19.79	$-0.58+43.1%	$-1.02+3.8%	$-1.06

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$4K	N/A	N/A	N/A	$69K	N/A	$982K-6.2%	$1.0M
Cost of Revenue	N/A	N/A	N/A	N/A	$469K	N/A	$691K-13.9%	$802K
Gross Profit	$2K	N/A	N/A	N/A	-$400K	N/A	$291K+19.1%	$244K
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	N/A	N/A	N/A	N/A	$55K	N/A
Operating Income	-$979K	N/A	-$9.5M-484.6%	-$1.6M+1.6%	-$1.7M	N/A	-$2.7M+27.7%	-$3.7M
Interest Expense	$889K	N/A	$320K-48.8%	$625K-1.9%	$637K	N/A	$890K+43.1%	$622K
Income Tax	$0	N/A	$0	$0	$0	N/A	$0	$0
Net Income	-$2.1M	N/A	-$9.9M-16.4%	-$8.5M-132.7%	-$3.7M	N/A	-$4.7M+11.4%	-$5.3M
EPS (Diluted)	$-0.47	N/A	$-4.51-0.9%	$-4.47-126.9%	$-1.97	N/A	$-3.55+18.2%	$-4.34

SBEV Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$966K-65.0%	$2.8M-72.1%	$9.9M-42.8%	$17.3M+5.6%	$16.4M+77.6%	$9.2M
Current Assets	$632K-66.8%	$1.9M-52.1%	$4.0M-62.7%	$10.7M+27.8%	$8.3M+271.7%	$2.2M
Cash & Equivalents	$281K+1941.0%	$14K-96.4%	$380K-91.4%	$4.4M+6.0%	$4.2M+1000.4%	$380K
Inventory	$34K-89.5%	$319K-85.8%	$2.3M-39.5%	$3.7M+93.5%	$1.9M+141.0%	$798K
Accounts Receivable	$16K-91.8%	$192K-78.4%	$891K-50.9%	$1.8M+62.6%	$1.1M+129.9%	$485K
Goodwill	N/A	N/A	$257K0.0%	$257K0.0%	$257K-95.5%	$5.7M
Total Liabilities	$16.3M-24.0%	$21.4M+38.0%	$15.5M+94.2%	$8.0M+6.3%	$7.5M-59.6%	$18.6M
Current Liabilities	$16.3M-16.1%	$19.4M+31.3%	$14.8M+197.1%	$5.0M-23.4%	$6.5M+19.6%	$5.4M
Long-Term Debt	$3K-99.8%	$2.0M+330.7%	$458K-82.0%	$2.5M	$0-100.0%	$1.2M
Total Equity	-$15.3M+17.9%	-$18.6M-232.4%	-$5.6M-160.1%	$9.3M+5.1%	$8.9M+194.9%	-$9.4M
Retained Earnings	-$181.9M-16.7%	-$155.8M-16.9%	-$133.3M-18.7%	-$112.3M-23.9%	-$90.6M-47.2%	-$61.6M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$770K-20.3%	$966K-95.7%	$22.5M+1.1%	$22.2M+786.3%	$2.5M-9.1%	$2.8M-67.0%	$8.4M+3.8%	$8.1M
Current Assets	$709K+12.2%	$632K-67.9%	$2.0M+22.8%	$1.6M-5.3%	$1.7M-11.0%	$1.9M-37.4%	$3.0M+19.8%	$2.5M
Cash & Equivalents	$381K+35.4%	$281K+5.9%	$266K+1443.4%	$17K	N/A	$14K-97.0%	$457K+5406.0%	$8K
Inventory	$55K+63.8%	$34K-96.1%	$855K0.0%	$855K-0.7%	$861K+169.8%	$319K-76.2%	$1.3M+2.7%	$1.3M
Accounts Receivable	$20K+29.1%	$16K-88.7%	$140K-0.8%	$141K-18.6%	$173K-10.0%	$192K-67.7%	$595K-11.0%	$669K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	$257K0.0%	$257K
Total Liabilities	$17.0M+4.3%	$16.3M+3.5%	$15.7M+16.2%	$13.5M-40.0%	$22.5M+5.3%	$21.4M+11.5%	$19.2M+4.2%	$18.4M
Current Liabilities	$17.0M+4.4%	$16.3M+4.0%	$15.6M+16.3%	$13.4M-34.1%	$20.4M+5.4%	$19.4M+8.9%	$17.8M+5.7%	$16.8M
Long-Term Debt	$857-74.9%	$3K-94.1%	$58K+10.7%	$53K-97.5%	$2.1M+5.6%	$2.0M+49.0%	$1.3M-7.6%	$1.4M
Total Equity	-$16.2M-5.9%	-$15.3M-325.8%	$6.8M-22.3%	$8.7M+143.5%	-$20.0M-7.5%	-$18.6M-72.1%	-$10.8M-4.6%	-$10.4M
Retained Earnings	-$184.4M-1.4%	-$181.9M-2.0%	-$178.3M-6.1%	-$168.0M-5.3%	-$159.5M-2.3%	-$155.8M-6.2%	-$146.8M-3.3%	-$142.1M

SBEV Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$4.8M+34.0%	-$7.3M+28.3%	-$10.2M+27.4%	-$14.0M+4.5%	-$14.7M+31.1%	-$21.3M
Capital Expenditures	N/A	$3K-77.1%	$14K-86.3%	$103K	$0-100.0%	$91K
Free Cash Flow	N/A	-$7.3M+28.4%	-$10.2M+27.9%	-$14.1M+3.8%	-$14.7M+31.3%	-$21.4M
Investing Cash Flow	N/A	-$3K+77.1%	-$14K+86.3%	-$103K	$0+100.0%	-$769K
Financing Cash Flow	N/A	$7.5M+22.7%	$6.1M-57.4%	$14.4M-24.0%	$19.0M-15.5%	$22.5M
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	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$930K+6.1%	-$991K+59.1%	-$2.4M-306.5%	-$596K+26.2%	-$808K+12.1%	-$920K+65.2%	-$2.6M-8.9%	-$2.4M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	$0	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	-$920K	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	$0+100.0%	-$5K-415.7%	$2K
Financing Cash Flow	$1.1M+7.7%	$978K-63.4%	$2.7M+284.0%	$696K-7.9%	$756K-34.8%	$1.2M-61.5%	$3.0M+24.4%	$2.4M
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	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	23.1%+38.1pp	-14.9%-44.5pp	29.5%-3.2pp	32.7%-1.9pp	34.6%+22.4pp	12.2%
Operating Margin	N/A	-1235.6%-1154.5pp	-81.1%+37.2pp	-118.3%+138.7pp	-257.0%+336.5pp	-593.5%
Net Margin	N/A	N/A	-111.4%+8.5pp	-119.9%+136.8pp	-256.7%+706.8pp	-963.6%
Return on Equity	N/A	N/A	N/A	-232.7%+94.7pp	-327.4%	N/A
Return on Assets	N/A	N/A	-212.2%-86.9pp	-125.3%+52.0pp	-177.3%+133.5pp	-310.8%
Current Ratio	0.04-0.1	0.10-0.2	0.27-1.9	2.15+0.9	1.29+0.9	0.41
Debt-to-Equity	-0.00+0.1	-0.11-0.0	-0.08-0.4	0.27+0.3	0.00+0.1	-0.13
FCF Margin	N/A	-911.8%-857.7pp	-54.1%+24.1pp	-78.2%+51.7pp	-129.9%+589.5pp	-719.4%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	43.8%	N/A	N/A	N/A	-583.2%	N/A	29.6%+6.3pp	23.4%
Operating Margin	-23176.4%	N/A	N/A	N/A	-2417.1%	N/A	-271.9%+80.7pp	-352.6%
Net Margin	-50579.3%	N/A	N/A	N/A	-5320.9%	N/A	-480.7%+28.2pp	-508.9%
Return on Equity	N/A	N/A	-145.9%-48.4pp	-97.4%	N/A	N/A	N/A	N/A
Return on Assets	-277.5%	N/A	-44.0%-5.8pp	-38.2%+107.3pp	-145.5%	N/A	-56.4%+9.7pp	-66.1%
Current Ratio	0.040.0	0.04-0.1	0.130.0	0.12+0.0	0.08-0.0	0.10-0.1	0.17+0.0	0.15
Debt-to-Equity	-0.000.0	-0.000.0	0.010.0	0.01+0.1	-0.100.0	-0.11+0.0	-0.12+0.0	-0.14
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$15.3M), 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 (0.04), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Splash Beverage Group Inc's annual revenue?

Splash Beverage Group Inc (SBEV) reported $73K in total revenue for fiscal year 2025. This represents a -90.9% 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 90.9% year-over-year, from $801K to $73K in fiscal year 2025.

How much debt does Splash Beverage Group Inc have?

As of fiscal year 2025, Splash Beverage Group Inc (SBEV) had $281K in cash and equivalents against $3K in long-term debt.

What is Splash Beverage Group Inc's gross margin?

Splash Beverage Group Inc (SBEV) had a gross margin of 23.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

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

Splash Beverage Group Inc (SBEV) generated -$4.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Splash Beverage Group Inc's total assets?

Splash Beverage Group Inc (SBEV) had $966K in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Splash Beverage Group Inc have outstanding?

Splash Beverage Group Inc (SBEV) had 3M shares outstanding as of fiscal year 2025.

What is Splash Beverage Group Inc's current ratio?

Splash Beverage Group Inc (SBEV) had a current ratio of 0.04 as of fiscal year 2025, 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 -0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Splash Beverage Group Inc's cash runway?

Based on fiscal year 2025 data, Splash Beverage Group Inc (SBEV) had $281K in cash against an annual operating cash burn of $4.8M. This gives an estimated cash runway of approximately 1 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 -$15.3M as of fiscal year 2025, 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 2 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

How financially healthy is Splash Beverage Group Inc?

Splash Beverage Group Inc (SBEV) scores 16 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.