Reed's Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	31.18	34.07	37.95	44.71	53.04	49.6
Revenue Growth (YoY)	-18.78%	-10.25%	-15.11%	-15.71%	6.94%	19.18%
Cost of Revenue	24.91	25.09	26.3	31.88	40.93	36
Gross Profit	6.27	8.98	11.65	12.83	12.11	13.6
Selling, General & Admin	23.71	21.94	19.38	18.54	26.41	29.28
Operating Expenses	23.88	22.11	19.49	19.13	26.95	29.28
Operating Income	-17.61	-13.14	-7.84	-6.3	-14.83	-15.68
Interest Expense	-1.02	-1.11	-5.48	-6.11	-5.22	-1.2
Other Non Operating Income (Expenses)	0.37	0.41	0.45	-	-	-
EBT Excluding Unusual Items	-18.26	-13.83	-12.88	-12.41	-20.06	-16.88
Asset Writedown	-2.01	-2.01	-0.28	-1.85	-	-
Legal Settlements	-	-	-	-	-	-0.29
Other Unusual Items	-	-	-	-1.27	-	0.77
Pretax Income	-20.28	-15.84	-13.15	-15.52	-20.06	-16.4
Net Income	-20.28	-15.84	-13.15	-15.52	-20.06	-16.4
Preferred Dividends & Other Adjustments	0.01	0.01	0.01	0.01	0.01	0.01
Net Income to Common	-20.28	-15.85	-13.16	-15.53	-20.06	-16.41
Shares Outstanding (Basic)	9	8	1	1	0	0
Shares Outstanding (Diluted)	9	8	1	1	0	0
Shares Change (YoY)	206.47%	519.43%	127.30%	59.99%	21.19%	50.44%
EPS (Basic)	-2.17	-1.91	-9.82	-26.33	-54.43	-53.95
EPS (Diluted)	-2.17	-1.91	-9.82	-26.33	-54.43	-53.95
Free Cash Flow	-17.72	-17.31	-6.28	-4.35	-15.53	-17.92
Free Cash Flow Per Share	-1.89	-2.08	-4.68	-7.38	-42.14	-58.91
Gross Margin	20.11%	26.35%	30.70%	28.69%	22.84%	27.42%
Operating Margin	-56.48%	-38.56%	-20.65%	-14.09%	-27.97%	-31.61%
Profit Margin	-65.05%	-46.52%	-34.67%	-34.73%	-37.82%	-33.08%
Free Cash Flow Margin	-56.83%	-50.81%	-16.54%	-9.73%	-29.28%	-36.12%
EBITDA	-17.46	-12.98	-7.71	-6.16	-14.73	-15.54
EBITDA Margin	-56.00%	-38.09%	-20.32%	-13.78%	-27.76%	-31.32%
D&A For EBITDA	0.15	0.16	0.13	0.14	0.11	0.14
EBIT	-17.61	-13.14	-7.84	-6.3	-14.83	-15.68
EBIT Margin	-56.48%	-38.56%	-20.65%	-14.09%	-27.97%	-31.61%
Advertising Expenses	-	0.13	0.06	0.02	0.67	1.42

Updated Mar 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.