Reborn Coffee (REBN)
Market Price (6/26/2026): $1.48 | Market Cap: $12.2 MilSector: Consumer Discretionary | Industry: Restaurants
Reborn Coffee (REBN)
Market Price (6/26/2026): $1.48Market Cap: $12.2 MilSector: Consumer DiscretionaryIndustry: Restaurants
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 90% Megatrend and thematic driversMegatrends include Experience Economy & Premiumization, Health & Wellness Trends, and Vegan & Alternative Foods. Themes include Experiential Retail, Show more. | Weak multi-year price returns2Y Excs Rtn is -113%, 3Y Excs Rtn is -145% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -5.0 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -43% Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 58% Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 15% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -57%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -58% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -76% Key risksREBN key risks include [1] substantial financial distress and going concern doubts driven by severe unprofitability and poor liquidity, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 90% |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization, Health & Wellness Trends, and Vegan & Alternative Foods. Themes include Experiential Retail, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -113%, 3Y Excs Rtn is -145% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -5.0 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -43% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 58% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 15% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -57%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -58% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -76% |
| Key risksREBN key risks include [1] substantial financial distress and going concern doubts driven by severe unprofitability and poor liquidity, Show more. |
Qualitative Assessment
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Reborn Coffee (REBN) stock has lost about 20% since 2/28/2026 because of the following key factors:
1. Persistent Liquidity Challenges and "Going Concern" Doubts.
Reborn Coffee faced significant liquidity pressures during the period, evidenced by a current ratio of just 0.08 and short-term obligations exceeding liquid assets. The company entered into an amended forbearance agreement with Arena Investors on April 21, 2026, to reschedule repayments on outstanding secured convertible debentures, requiring monthly payments of $400,000 starting May 30, 2026, with the full amount due by September 30, 2026. Furthermore, in its fiscal Q1 2026 (ended March 31, 2026) report, management explicitly disclosed "substantial doubt about the company's ability to continue as a going concern," citing an accumulated deficit of $32.5 million and ongoing losses. Cash and cash equivalents also fell to $266,382 at the end of fiscal Q1 2026 from $2.59 million at year-end 2025.
2. Continued Net Losses Despite Revenue Growth in Fiscal Q1 2026.
For fiscal Q1 2026, Reborn Coffee reported a net loss attributable to shareholders of approximately $1.83 million. While total net revenues increased to $5.2 million from $1.7 million year-over-year, this growth was primarily driven by Reborn Logistics service income ($3.4 million) and new license income ($275,000), rather than its core coffee retail segment, where store revenue actually declined to $1.47 million. The company's subsequent agreement to a private placement of up to $21 million of common stock at $2.00 per share further indicated a need for capital, potentially leading to shareholder dilution.
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Reborn Coffee (REBN) stock has lost about 20% since 2/28/2026 because of the following key factors:
1. Persistent Liquidity Challenges and "Going Concern" Doubts.
Reborn Coffee faced significant liquidity pressures during the period, evidenced by a current ratio of just 0.08 and short-term obligations exceeding liquid assets. The company entered into an amended forbearance agreement with Arena Investors on April 21, 2026, to reschedule repayments on outstanding secured convertible debentures, requiring monthly payments of $400,000 starting May 30, 2026, with the full amount due by September 30, 2026. Furthermore, in its fiscal Q1 2026 (ended March 31, 2026) report, management explicitly disclosed "substantial doubt about the company's ability to continue as a going concern," citing an accumulated deficit of $32.5 million and ongoing losses. Cash and cash equivalents also fell to $266,382 at the end of fiscal Q1 2026 from $2.59 million at year-end 2025.
2. Continued Net Losses Despite Revenue Growth in Fiscal Q1 2026.
For fiscal Q1 2026, Reborn Coffee reported a net loss attributable to shareholders of approximately $1.83 million. While total net revenues increased to $5.2 million from $1.7 million year-over-year, this growth was primarily driven by Reborn Logistics service income ($3.4 million) and new license income ($275,000), rather than its core coffee retail segment, where store revenue actually declined to $1.47 million. The company's subsequent agreement to a private placement of up to $21 million of common stock at $2.00 per share further indicated a need for capital, potentially leading to shareholder dilution.
3. Leadership Instability and Delayed Financial Reporting.
The period was marked by significant changes in executive leadership and delays in financial filings, which can erode investor confidence. Jay Kim resigned from his roles as Co-Chief Executive Officer, Chief Financial Officer, and Director, effective June 4, 2026. Jung Jae Lim, who had joined as Co-CEO in March 2026, assumed full responsibilities as Chief Executive Officer on June 8, 2026, and was appointed interim Chief Financial Officer on June 15, 2026. These leadership transitions were compounded by the company announcing delayed filings for its annual report on Form 10-K on April 1, 2026, and its quarterly report on Form 10-Q on May 14, 2026.
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Stock Movement Drivers
Fundamental Drivers
The -18.4% change in REBN stock from 2/28/2026 to 6/25/2026 was primarily driven by a -38.3% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 2282026 | 6252026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.79 | 1.46 | -18.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 7 | 12 | 74.3% |
| P/S Multiple | 1.4 | 1.0 | -24.2% |
| Shares Outstanding (Mil) | 5 | 8 | -38.3% |
| Cumulative Contribution | -18.4% |
Market Drivers
2/28/2026 to 6/25/2026| Return | Correlation | |
|---|---|---|
| REBN | -18.4% | |
| Market (SPY) | 7.3% | 32.1% |
| Sector (XLY) | -2.8% | 38.2% |
Fundamental Drivers
The -27.4% change in REBN stock from 11/30/2025 to 6/25/2026 was primarily driven by a -38.3% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 11302025 | 6252026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.01 | 1.46 | -27.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 7 | 12 | 74.3% |
| P/S Multiple | 1.5 | 1.0 | -32.5% |
| Shares Outstanding (Mil) | 5 | 8 | -38.3% |
| Cumulative Contribution | -27.4% |
Market Drivers
11/30/2025 to 6/25/2026| Return | Correlation | |
|---|---|---|
| REBN | -27.4% | |
| Market (SPY) | 8.1% | 28.9% |
| Sector (XLY) | -3.7% | 28.0% |
Fundamental Drivers
The -44.5% change in REBN stock from 5/31/2025 to 6/25/2026 was primarily driven by a -48.0% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 5312025 | 6252026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.63 | 1.46 | -44.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6 | 12 | 90.3% |
| P/S Multiple | 1.8 | 1.0 | -43.9% |
| Shares Outstanding (Mil) | 4 | 8 | -48.0% |
| Cumulative Contribution | -44.5% |
Market Drivers
5/31/2025 to 6/25/2026| Return | Correlation | |
|---|---|---|
| REBN | -44.5% | |
| Market (SPY) | 26.0% | 31.7% |
| Sector (XLY) | 6.9% | 27.6% |
Fundamental Drivers
The -79.7% change in REBN stock from 5/31/2023 to 6/25/2026 was primarily driven by a -81.5% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 5312023 | 6252026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.20 | 1.46 | -79.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4 | 12 | 221.7% |
| P/S Multiple | 3.0 | 1.0 | -66.0% |
| Shares Outstanding (Mil) | 2 | 8 | -81.5% |
| Cumulative Contribution | -79.7% |
Market Drivers
5/31/2023 to 6/25/2026| Return | Correlation | |
|---|---|---|
| REBN | -79.7% | |
| Market (SPY) | 82.6% | 13.5% |
| Sector (XLY) | 53.2% | 8.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| REBN Return | - | -83% | -31% | -64% | -10% | 2% | -96% |
| Peers Return | 21% | -18% | -13% | 66% | 1% | 10% | 59% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 7% | 96% |
Monthly Win Rates [3] | |||||||
| REBN Win Rate | - | 0% | 17% | 33% | 42% | 50% | |
| Peers Win Rate | 50% | 47% | 43% | 53% | 52% | 63% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| REBN Max Drawdown | - | - | -73% | -86% | -81% | -51% | |
| Peers Max Drawdown | -19% | -38% | -39% | -26% | -39% | -23% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: SBUX, BROS, SJM, KDP, JVA.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/25/2026 (YTD)
How Low Can It Go
| Event | REBN | S&P 500 |
|---|---|---|
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -53.9% | -7.8% |
| % Gain to Breakeven | 116.8% | 8.5% |
| Time to Breakeven | 191 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -58.8% | -9.5% |
| % Gain to Breakeven | 142.4% | 10.5% |
| Time to Breakeven | 224 days | 24 days |
In The Past
Reborn Coffee's stock fell -53.9% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 116.8% gain to breakeven.
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Asset Allocation
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| Event | REBN | S&P 500 |
|---|---|---|
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -53.9% | -7.8% |
| % Gain to Breakeven | 116.8% | 8.5% |
| Time to Breakeven | 191 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -58.8% | -9.5% |
| % Gain to Breakeven | 142.4% | 10.5% |
| Time to Breakeven | 224 days | 24 days |
In The Past
Reborn Coffee's stock fell -53.9% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 116.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Reborn Coffee (REBN)
Reborn Coffee (REBN) is a specialty coffee company dedicated to offering high-quality, innovative coffee experiences through its retail locations, kiosks, and cafes. The company distinguishes itself through a unique approach to coffee preparation, notably its "Reborn Wash Process." This proprietary method utilizes magnetized water to cleanse green coffee beans, aiming to extract impurities and enhance hydration before roasting. This, combined with careful sourcing of single-origin Arabica beans and a proprietary percolation technique for its award-winning cold brew, is designed to deliver a superior and clean flavor profile to consumers.
The company provides a variety of coffee products and services. At its cafes, customers can enjoy freshly brewed espresso-based drinks, cold brew on tap, pour-overs, and drip coffee. For at-home consumption, Reborn Coffee also offers packaged whole bean coffee, pour-over packs, and cold brew concentrate. Its cold brew has received industry recognition, winning "America’s Best Cold Brew" competitions by Coffee Fest in both 2017 and 2018.
Reborn Coffee serves customers who value a premium, high-end coffee experience. The company currently operates company-owned retail locations across California, with plans for significant expansion. Following its offering, Reborn Coffee expects to open up to 20 new company-owned retail locations and commence a franchising program with an additional 20 franchise locations within a year, aiming to expand its market reach both within California and potentially to new markets.
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A high-end coffee chain much like a Blue Bottle Coffee with unique brewing technology.
A rapidly expanding specialty coffee chain that aims to be the Starbucks for coffee connoisseurs.
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- Prepared Coffee Beverages: High-quality, specialty-roasted coffee drinks served in their retail locations, kiosks, and cafes.
- Packaged Whole Bean Coffee: Roasted single-origin coffee beans sold for at-home brewing.
- Ready-to-Brew Coffee Packs: Conveniently packaged pour-over packs and cold brew packs for home preparation.
- Cold Brew Concentrate: An award-winning, proprietary cold brew concentrate for at-home consumption.
- Franchise Opportunities: Offering their business model and brand for franchisees to operate retail coffee locations.
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Categories of Customers:
- Specialty Coffee Enthusiasts: These customers are individuals who seek out high-quality, single-origin Arabica beans and appreciate the innovative techniques employed by Reborn Coffee, such as the Reborn Wash Process and proprietary cold brew methods. They value the premium and differentiated coffee experience offered.
- Local Cafe Patrons: Individuals who frequent Reborn Coffee's retail locations, kiosks, and cafes in California. These customers visit for their daily coffee needs, including espresso-made drinks, award-winning cold brew, pour-overs, and drip coffee, valuing the convenience, atmosphere, and consistent quality provided at these physical locations.
- At-Home Coffee Drinkers: Customers who purchase Reborn Coffee's packaged products, such as whole bean coffee, pour-over packs, and cold brew packs, to prepare and enjoy specialty coffee in their own homes. They are drawn to the brand's commitment to quality ingredients and unique processing for their personal consumption.
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Jay Kim, Co-Chief Executive Officer and Interim Chief Financial Officer
Mr. Kim founded Reborn Coffee in 2014 and has served as its Chief Executive Officer since inception. Previously, he founded Wellspring Industry, Inc. on July 1, 2007, which developed the "Tutti Frutti" yogurt distribution company that expanded to approximately 700 agents worldwide, and the "O'My Buns" bakery-café franchise. Mr. Kim sold the majority ownership of Wellspring to a group of investors in 2017 to concentrate on Reborn Coffee. Prior to Wellspring, he owned Coffee Roasters in Riverside, California from 2002 to 2007. As of October 31, 2025, Mr. Kim also assumed the responsibilities of Chief Financial Officer on an interim basis following the resignation of Stephan Kim.
Jung Jae Lim, Co-Chief Executive Officer
Effective March 3, 2026, Mr. Lim was appointed as Co-Chief Executive Officer, focusing on strengthening the company's operational foundation by leading initiatives across logistics, transportation, and supply chain management. He brings over 20 years of leadership experience in these areas. Mr. Lim has served as CEO of KCC Mexico Overseas Logistics since 2001 and also as CEO of TJ America and TJ Korea Inc. He holds a Bachelor of Language and Literature from Dankook University.
Farooq M. Arjomand, Chairman of the Board of Directors
Mr. Arjomand has served as the Chairman of the Board of Directors for Reborn Coffee since 2018. He possesses a diverse background in banking, including experience with HSBC, and founded The Arjomand Group of companies, which operates in real estate, manufacturing, and finance.
Dennis R. Egidi, Vice Chairman of the Board of Directors
Mr. Egidi has been the Vice Chairman of the Board of Directors since 2020 and contributes expertise in real estate development and the food service industry. His extensive experience in the construction industry includes serving as Executive Vice President and Chief Estimator for Corbetta Construction Company of Illinois and Contractors and Engineers, Inc. He was also a principal partner with Cookie Associates of Houston, where he operated 34 "Great American Cookie" stores and kiosks.
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Key Risks to Reborn Coffee (REBN)
- Risk of speculative franchise growth: Reborn Coffee acknowledges that a significant portion of its planned expansion, specifically the opening of 20 franchise locations, is purely speculative as no franchise agreements have been signed yet. This indicates a substantial reliance on an unproven franchise model for its future growth strategy.
- Dependence on offering proceeds for company-owned store expansion: The company expects to open up to 20 company-owned retail locations, utilizing approximately $3,000,000 of the proceeds from an offering. This growth is contingent upon the successful completion and proceeds of this offering, meaning a failure to secure the expected funds could significantly impede their planned expansion of company-owned stores.
- Geographic concentration in California: As of the provided information, all of Reborn Coffee's current and soon-to-be-opened company-owned retail locations are concentrated in California. While there are plans for expansion outside of California, this current geographic concentration exposes the business to regional economic downturns, specific state regulations, or localized market saturation within California.
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Expected Drivers of Future Revenue Growth for Reborn Coffee (REBN)
Reborn Coffee (REBN) anticipates several key drivers for its future revenue growth over the next 2-3 years, primarily focusing on expanding its physical presence and leveraging its unique offerings:
- Expansion of Company-Owned Retail Locations: The company plans to significantly increase its footprint by opening new company-owned retail locations. This strategy includes developing additional stores and expanding beyond its current California base. The background information indicates an expectation to open up to 20 company-owned retail locations using a portion of offering proceeds.
- Growth of Franchise Operations: Reborn Coffee expects to drive revenue through the development of a franchising program. The company previously stated an intention to begin franchising in 2022 and projected the development of up to 20 franchise locations, with all associated costs borne by franchisees. Recent reports indicate the company has signed commitments for 33 new locations through a combination of area development and franchise agreements.
- Geographic Expansion: A crucial driver involves expanding Reborn Coffee's presence both domestically and internationally. The company aims to develop additional retail locations, including franchised stores, outside of California. Furthermore, recent initiatives include signing licensing deals to increase global presence in regions such as Thailand, South Korea, China, the Middle East, and Europe.
- Growth of Reborn Logistics: Reborn Coffee's wholly-owned subsidiary, Reborn Logistics, is expected to be a significant revenue driver. This logistics platform supports the company's supply chain and expansion, with management anticipating approximately $15 million in revenue and $1.5 million in operating income in 2026, driven by increased shipment volume, expanded operations, and additional third-party customer activity.
- Wholesale and Online Sales Growth: The company has been scaling its omnichannel footprint, with wholesale and online sales showing substantial growth. For instance, full-year 2024 wholesale and online sales grew by 47% to $0.4 million from $0.2 million in 2023. Continued focus on this segment is expected to contribute to overall revenue.
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Share Issuance
- The company allocated approximately $3,000,000 from the proceeds of an offering to open up to 20 company-owned retail locations.
Capital Expenditures
- The estimated average development cost for a company-owned retail location is approximately $150,000.
- The company expects to open up to 20 new company-owned retail locations within a year from the completion of an offering, utilizing approximately $3,000,000 of the proceeds for this purpose.
- The primary focus of capital expenditures is the development and expansion of new company-owned retail locations.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Reborn Coffee Earnings Notes | 12/16/2025 | |
| Reborn Coffee Stock Drop Looks Sharp, But How Deep Can It Go? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 49.44 |
| Mkt Cap | 10.2 |
| Rev LTM | 5,399 |
| Op Inc LTM | 754 |
| FCF LTM | 624 |
| FCF 3Y Avg | 446 |
| CFO LTM | 908 |
| CFO 3Y Avg | 779 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 13.3% |
| Rev Chg 3Y Avg | 10.2% |
| Rev Chg Q | 9.1% |
| QoQ Delta Rev Chg LTM | 2.0% |
| Op Inc Chg LTM | -5.3% |
| Op Inc Chg 3Y Avg | 8.4% |
| Op Mgn LTM | 9.3% |
| Op Mgn 3Y Avg | 10.2% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 11.7% |
| CFO/Rev 3Y Avg | 13.5% |
| FCF/Rev LTM | 6.1% |
| FCF/Rev 3Y Avg | 5.2% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Reborn Coffee | 7 | |||
| Reborn Logistics | 1 | |||
| Others / Elimination | 0 | |||
| Wholesale and retail sales of coffee, water, and other beverages | 6 | |||
| Stores | 6 | 3 | ||
| Wholesale and online | 0 | 0 | ||
| Total | 8 | 6 | 6 | 3 |
| $ Mil | 2025 |
|---|---|
| Reborn Logistics | 0 |
| Others / Elimination | 0 |
| Reborn Coffee | -6 |
| Total | -6 |
Price Behavior
| Market Price | $1.46 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 08/12/2022 | |
| Distance from 52W High | -53.9% | |
| 50 Days | 200 Days | |
| DMA Price | $2.07 | $1.97 |
| DMA Trend | down | down |
| Distance from DMA | -29.5% | -26.1% |
| 3M | 1YR | |
| Volatility | 84.2% | 76.2% |
| Downside Capture | 424.13 | 242.98 |
| Upside Capture | 119.97 | 114.86 |
| Correlation (SPY) | 38.7% | 30.3% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.81 | 2.05 | 1.07 | 1.36 | 1.74 | 1.15 |
| Up Beta | -0.01 | 0.99 | 1.31 | 1.57 | 1.80 | 0.53 |
| Down Beta | -0.68 | -2.20 | -1.84 | -0.92 | 1.38 | 1.48 |
| Up Capture | 7% | 180% | 177% | 216% | 161% | 86% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 7 | 18 | 29 | 54 | 104 | 318 |
| Down Capture | 694% | 595% | 176% | 195% | 171% | 111% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 13 | 23 | 32 | 68 | 140 | 415 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with REBN | |
|---|---|---|---|---|
| REBN | -45.2% | 76.3% | -0.48 | - |
| Sector ETF (XLY) | 5.8% | 18.6% | 0.17 | 27.0% |
| Equity (SPY) | 22.1% | 12.4% | 1.33 | 30.4% |
| Gold (GLD) | 20.8% | 27.7% | 0.67 | 16.3% |
| Commodities (DBC) | 23.3% | 18.5% | 0.99 | 3.7% |
| Real Estate (VNQ) | 11.6% | 13.8% | 0.55 | 11.5% |
| Bitcoin (BTCUSD) | -42.9% | 42.5% | -1.20 | 29.3% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with REBN | |
|---|---|---|---|---|
| REBN | -47.9% | 130.4% | -0.09 | - |
| Sector ETF (XLY) | 6.4% | 23.9% | 0.23 | 9.9% |
| Equity (SPY) | 13.3% | 17.1% | 0.60 | 13.5% |
| Gold (GLD) | 17.4% | 18.3% | 0.77 | 4.7% |
| Commodities (DBC) | 7.9% | 19.5% | 0.30 | 4.6% |
| Real Estate (VNQ) | 2.8% | 18.9% | 0.05 | 7.2% |
| Bitcoin (BTCUSD) | 9.8% | 54.1% | 0.38 | 12.0% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with REBN | |
|---|---|---|---|---|
| REBN | -27.8% | 130.4% | -0.09 | - |
| Sector ETF (XLY) | 12.4% | 22.1% | 0.51 | 9.9% |
| Equity (SPY) | 15.3% | 18.0% | 0.73 | 13.5% |
| Gold (GLD) | 11.6% | 16.1% | 0.59 | 4.7% |
| Commodities (DBC) | 5.9% | 18.0% | 0.25 | 4.6% |
| Real Estate (VNQ) | 5.5% | 20.7% | 0.23 | 7.2% |
| Bitcoin (BTCUSD) | 56.4% | 66.5% | 0.97 | 12.0% |
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Returns Analyses
Earnings Returns History
Updated 6/16/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 3/28/2024 | 21.6% | 13.7% | 33.9% |
| 11/16/2022 | -1.7% | -1.5% | -0.6% |
| SUMMARY STATS | |||
| # Positive | 1 | 1 | 1 |
| # Negative | 1 | 1 | 1 |
| Median Positive | 21.6% | 13.7% | 33.9% |
| Median Negative | -1.7% | -1.5% | -0.6% |
| Max Positive | 21.6% | 13.7% | 33.9% |
| Max Negative | -1.7% | -1.5% | -0.6% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 3/28/2024 | 21.6% | 13.7% | 33.9% |
| 11/16/2022 | -1.7% | -1.5% | -0.6% |
| SUMMARY STATS | |||
| # Positive | 1 | 1 | 1 |
| # Negative | 1 | 1 | 1 |
| Median Positive | 21.6% | 13.7% | 33.9% |
| Median Negative | -1.7% | -1.5% | -0.6% |
| Max Positive | 21.6% | 13.7% | 33.9% |
| Max Negative | -1.7% | -1.5% | -0.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/22/2026 | 10-Q |
| 12/31/2025 | 04/22/2026 | 10-K |
| 09/30/2025 | 11/19/2025 | 10-Q |
| 06/30/2025 | 08/14/2025 | 10-Q |
| 03/31/2025 | 05/20/2025 | 10-Q |
| 12/31/2024 | 03/31/2025 | 10-K |
| 09/30/2024 | 11/19/2024 | 10-Q |
| 06/30/2024 | 08/19/2024 | 10-Q |
| 03/31/2024 | 07/19/2024 | 10-Q |
| 12/31/2023 | 03/28/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/11/2023 | 10-Q |
| 12/31/2022 | 04/11/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 10/03/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/22/2026 | 10-Q |
| 12/31/2025 | 04/22/2026 | 10-K |
| 09/30/2025 | 11/19/2025 | 10-Q |
| 06/30/2025 | 08/14/2025 | 10-Q |
| 03/31/2025 | 05/20/2025 | 10-Q |
| 12/31/2024 | 03/31/2025 | 10-K |
| 09/30/2024 | 11/19/2024 | 10-Q |
| 06/30/2024 | 08/19/2024 | 10-Q |
| 03/31/2024 | 07/19/2024 | 10-Q |
| 12/31/2023 | 03/28/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/11/2023 | 10-Q |
| 12/31/2022 | 04/11/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 10/03/2022 | 10-Q |
| 03/31/2022 | 08/09/2022 | S-1/A |
| 09/30/2021 | 12/30/2021 | S-1/A |
Industry Resources
| Consumer Discretionary Resources |
| Retail Dive |
| Business of Fashion (BoF) |
| WWD (Women's Wear Daily) |
| National Retail Federation (NRF) |
| McKinsey & Company - Consumer |
| Mintel Consumer Trends |
| Restaurants Resources |
| Nation's Restaurant News |
| Restaurant Business |
| QSR Magazine |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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