Here are the 10-K annual reports from Splash Beverage Group WTS (SBEVW) in our archive since June 2025, 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 SBEVW 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 SBEVW 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.