Reed's Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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
Cash & Equivalents	10.42	10.39	0.6	0.53	0.05
Cash & Short-Term Investments	10.42	10.39	0.6	0.53	0.05
Cash Growth	0.32%	1623.22%	13.13%	987.75%	-91.77%
Accounts Receivable	2.32	3.98	3.57	5.67	5.18
Other Receivables	-	0.14	0.26	0.78	0.93
Receivables	2.32	4.12	3.83	6.45	6.12
Inventory	8.05	8.11	11.3	16.18	17.05
Prepaid Expenses	0.67	0.68	2.03	0.94	1.49
Total Current Assets	21.46	23.31	17.76	24.1	24.71
Property, Plant & Equipment	1.23	1.19	0.49	0.77	0.99
Other Intangible Assets	0.65	0.64	0.63	0.63	0.62
Total Assets	23.34	25.14	18.88	25.49	26.32
Accounts Payable	3.5	7.1	9.39	11.83	11.05
Accrued Expenses	0.67	0.98	1.1	0.23	0.29
Short-Term Debt	9.18	9.57	9.76	10.97	10.23
Current Portion of Long-Term Debt	-	-	6.74	2.43	-
Current Portion of Leases	0.04	-	0.21	0.19	0.16
Total Current Liabilities	13.39	17.66	27.19	25.66	21.72
Long-Term Debt	-	-	10.87	8.09	-
Long-Term Leases	0.8	0.84	-	0.21	0.39
Total Liabilities	14.19	18.49	38.06	33.96	22.12
Common Stock	0.01	0	-	-	-
Additional Paid-In Capital	176.78	158.44	119.45	114.64	107.25
Retained Earnings	-167.73	-151.88	-138.73	-123.2	-103.14
Total Common Equity	9.06	6.55	-19.28	-8.56	4.11
Shareholders' Equity	9.15	6.65	-19.18	-8.47	4.2
Total Liabilities & Equity	23.34	25.14	18.88	25.49	26.32
Total Debt	10.03	10.41	27.58	21.89	10.78
Net Cash (Debt)	0.4	-0.02	-26.97	-21.36	-10.74
Net Cash Per Share	0.05	-0.01	-45.74	-57.96	-35.30
Filing Date Shares Outstanding	11.82	7.56	0.7	0.43	0.38
Total Common Shares Outstanding	11.82	7.56	0.7	0.42	0.31
Working Capital	8.07	5.66	-9.43	-1.56	2.98
Book Value Per Share	0.77	0.87	-27.62	-20.39	13.15
Tangible Book Value	8.41	5.91	-19.9	-9.19	3.49
Tangible Book Value Per Share	0.71	0.78	-28.52	-21.89	11.15
Machinery	-	0.91	0.75	0.83	0.83
Construction In Progress	-	-	0.09	-	-
Leasehold Improvements	-	0.08	-	-	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.