Every 10-K that Splash Beverage Group Inc (SBEV) 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-K covers the audited annual report, with the full financial statements, so if you follow SBEV 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 SBEV filings page.
Splash Beverage Group, Inc. filed an amended annual report to add Part III information because it will not file a proxy statement within 120 days. The amendment updates details on directors, executive compensation, equity plans, related-party transactions and governance, but does not change the 2025 financial statements.
The company reports a market value of non‑affiliate equity of $6,454,754 and 10,858,508 common shares outstanding as of April 22, 2026. It describes an independent board, three standing committees, a clawback policy, and insider trading and anti‑hedging policies.
Related-party and financing disclosures highlight a revenue loan with Decathlon Alpha IV, L.P., for which a demand letter seeks about $2.83 million, several merchant cash advance facilities, and roughly $0.4 million in advances from former CEO Robert Nistico. The filing also explains issuance and subsequent board cancellation of 5,050,000 2025 Warrants, with 1,350,000 warrants held by former employees, including ex‑CFO William Devereux, still outstanding.
Splash Beverage Group, Inc. reports its annual results and describes severe liquidity challenges for the year ended December 31, 2025. The company generated net revenues of only $442,732 in 2025 and recorded a net loss from continuing operations of approximately $25.2 million, including $14.2 million of non-cash items.
Auditors raised substantial doubt about Splash’s ability to continue as a going concern due to recurring losses, working capital and stockholders’ equity deficits, and dependence on new financing. After rescinding a Costa Rica water-assets deal and canceling related Series C preferred stock, Splash reported a stockholders’ deficit of $15,300,828 at December 31, 2025, below the NYSE American’s $6 million minimum equity requirement, creating delisting risk.
The company is pursuing a transformative acquisition of Medterra CBD, LLC under a non-binding letter of intent valuing Medterra at $37.6 million, contemplating approximately 54.4 million shares of common and preferred stock, repayment of about $10.4 million of Medterra debt, and additional cash for Medterra investors’ taxes. Splash estimates needing roughly $10 million to close and further capital of about $25 million to expand Medterra’s operations. It also plans to revive beverage revenues via its Chispo Tequila brand, including a house-tequila placement with Senor Frog’s, but estimates at least $2 million in working capital plus $500,000 to build Chispo and about $3 million for broader operating needs.
Splash Beverage Group, Inc. (NYSE American: SBEV) has filed its Form 10-K for the year ended 31 December 2024. The filing confirms a net loss of $23.8 million for 2024, expanding the accumulated deficit to $155.8 million. The independent auditor, Rose, Snyder & Jacobs LLP, issued a going-concern warning citing continued operating losses, negative cash flow and the need for near-term capital.
Liquidity & capital measures: • 1 June 2025—CEO Robert Nistico bought 1,000 Series A preferred shares for $1,000. • 25 June 2025—Company raised $650,000 by issuing 650 Series A-1 preferred shares plus 325,000 warrants. • Same date—agreed with noteholders to exchange $12.67 million of debt into 126,710 Series B preferred shares, a step toward regaining NYSE American equity compliance. • 26 June 2025—acquired Costa Rican aquifer water rights (or $20 million alternative consideration) for 20,000 Series C preferred shares.
Capital structure actions: • 27 March 2025—implemented a 1-for-40 reverse stock split to lift per-share price; post-split shares outstanding were 1,899,876 (30 June 2025). • Multiple preferred‐stock designations (Series A, A-1, B, C) materially change capitalization and may dilute common shareholders.
Listing status: • 7 April 2025—NYSE Regulation commenced delisting proceedings after SBEV failed to regain compliance with equity thresholds under Sections 1003(a)(i-iii). • 16 April 2025—received an additional notice of non-compliance for missing the 10-K filing deadline.
Governance changes: • CFO Julius Ivancsits resigned effective 18 Feb 2025; William Devereux appointed CFO 20 Mar 2025. • Independent director Dr. John Paglia resigned effective 7 Mar 2025; Thomas Fore appointed director 20 Mar 2025. • The filing reports a material weakness in revenue-recognition controls, targeted for remediation in 2025.
Operations & strategy: Splash markets SALT flavored tequila, Copa Di Vino single-serve wines, and Pulpoloco sangria, supported by the Qplash e-commerce platform (>1,500 SKUs). The TapouT sports-drink license was terminated in Q1 2024. Production of key brands relies on third-party co-packers and a company-owned facility in Oregon. The company employs 21 people.
Key risks highlighted include continued operating losses, limited liquidity, dependence on successful capital raising, supply-chain cost inflation, pending NYSE delisting and evolving regulatory hurdles. Management states it may not be able to continue as a going concern without additional financing.