Every 10-Q that Jones Soda Co (JSDA) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow JSDA and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full JSDA filings page.
Jones Soda Co. reported sharp top-line growth but remains unprofitable and liquidity-constrained for the quarter and six months ended June 30, 2026. Net revenue rose to $10.2 million in the quarter and $22.6 million year-to-date, up 108% and 148% from 2025, driven largely by Fallout-branded products sold through a club channel. Gross profit more than doubled, yet gross margin compressed to 28% for the quarter and 30% year-to-date versus 33% a year earlier, mainly from higher logistics and freight costs.
The company posted a quarterly net loss of $0.7 million and a year-to-date net loss of $0.5 million, compared to prior-year profits boosted by a one-time gain on disposal of cannabis subsidiaries. Cash was $2.4 million with a working capital deficit of about $0.5 million and $2.9 million of operating cash outflow. Management discloses recurring losses, negative operating cash flows, and an accumulated deficit of $95.3 million, raising substantial doubt about the ability to continue as a going concern.
Jones is funding operations through a $10 million secured credit facility with Two Shores at 13.75% interest and recent equity raises, including a $1.74 million brokered private placement and a subsequent ~$0.2 million Canadian non-brokered placement. The company continues to transition away from THC cannabis operations toward core craft sodas, modern sodas, and alternative adult beverages, while highlighting federal legislation that could force significant reformulation or discontinuation of its hemp-derived HD9 product lines.
Jones Soda Co. reported sharply improved results for the quarter ended March 31, 2026. Net revenue rose to about $12.4 million from $4.2 million a year earlier, driven mainly by Fallout-branded products sold through a club channel. Gross profit increased to roughly $3.9 million with gross margin of 31.3%.
The company moved from a net loss of about $0.9 million to net income of roughly $0.1 million, while cash increased to about $4.4 million. Operating cash flow from continuing operations remained negative at about $0.8 million, but improved versus 2025. Management still cites historical losses and a working capital deficit of about $0.2 million as factors raising substantial doubt about continuing as a going concern.
Jones Soda is expanding beyond craft sodas into modern sodas and alternative adult beverages, including hemp-derived HD9 and alcoholic “Spiked Jones” products, though pending federal legislation may force reformulation or discontinuation of HD9 lines. Liquidity support includes a $10 million credit facility at 13.75% interest and a brokered private placement of $2.5 million announced in April 2026.
Jones Soda Co. (JSDA) filed its Q3 2025 report, showing quarterly revenue of $4.5 million, up 14.9% year over year. Gross margin improved to 28.9% from 18.8% as lower trade spend, product costs, and freight supported a higher $1.3 million gross profit. Operating loss narrowed to $(1.4) million from $(2.6) million.
For the nine months, the company reported $0.3 million net income, primarily driven by a $3.663 million gain on the June 19, 2025 sale of its cannabis beverage subsidiaries and related promissory note and licensing arrangement. Liquidity remains tight: cash was $0.2 million with $(4.0) million operating cash use year to date and working capital of about $0.6 million. Management disclosed that recurring operating losses and negative operating cash flows raise substantial doubt about going concern. The company entered a secured Loan Agreement of up to $5.0 million at 13.75% interest, with $1.70 million outstanding at quarter end. As of November 14, 2025, there were 117,671,604 common shares outstanding.