Tearsheet

Splash Beverage (SBEV)


Market Price (3/18/2026): $0.42 | Market Cap: $0.9 Mil
Sector: Consumer Staples | Industry: Distillers & Vintners

Splash Beverage (SBEV)


Market Price (3/18/2026): $0.42
Market Cap: $0.9 Mil
Sector: Consumer Staples
Industry: Distillers & Vintners

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -62%
Weak multi-year price returns
2Y Excs Rtn is -128%, 3Y Excs Rtn is -173%
Penny stock
Mkt Price is 0.4
1   Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -20 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1918%
2   Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 701%
3   Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -84%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -42%, Rev Chg QQuarterly Revenue Change % is null
4   Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 802%
5   Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -532%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -532%
6   Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3548%
7   High stock price volatility
Vol 12M is 215%
8   Significant short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 28%
9   Key risks
SBEV key risks include [1] significant financial distress highlighted by a going-concern warning and a high probability of bankruptcy, Show more.
0 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -62%
1 Weak multi-year price returns
2Y Excs Rtn is -128%, 3Y Excs Rtn is -173%
2 Penny stock
Mkt Price is 0.4
3 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -20 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1918%
4 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 701%
5 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -84%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -42%, Rev Chg QQuarterly Revenue Change % is null
6 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 802%
7 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -532%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -532%
8 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3548%
9 High stock price volatility
Vol 12M is 215%
10 Significant short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 28%
11 Key risks
SBEV key risks include [1] significant financial distress highlighted by a going-concern warning and a high probability of bankruptcy, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

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Splash Beverage (SBEV) stock has lost about 70% since 11/30/2025 because of the following key factors:

1. Severe Deterioration in Financial Performance and Liquidity Concerns. Splash Beverage Group reported nil revenue in its Q3 2025 filing, released in November 2025, a significant drop from $0.98 million in the prior-year quarter and substantially missing analyst estimates of $3.77 million. Furthermore, the company stated in SEC filings that it had not generated any revenue since March 2025 due to a lack of capital. The net loss for the trailing twelve months ending September 30, 2025, amounted to -$31.07 million, representing a 50.01% increase in losses year-over-year. As of September 30, 2025, Splash Beverage Group also demonstrated tight liquidity with a current ratio of 0.13 and a net cash position of -$6.15 million.

2. Leadership Instability and Management Changes. In early November 2025, the company experienced significant management turnover with both the CEO and Board Chair, Robert Nistico, and the CFO, William Devereux, resigning. This leadership instability during a period of financial distress likely contributed to investor uncertainty and a lack of confidence in the company's future direction.

Show more

Stock Movement Drivers

Fundamental Drivers

The -67.7% change in SBEV stock from 11/30/2025 to 3/17/2026 was primarily driven by a -67.7% change in the company's P/S Multiple.
(LTM values as of)113020253172026Change
Stock Price ($)1.240.40-67.7%
Change Contribution By: 
Total Revenues ($ Mil)110.0%
P/S Multiple2.70.9-67.7%
Shares Outstanding (Mil)220.0%
Cumulative Contribution-67.7%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 3/17/2026
ReturnCorrelation
SBEV-67.7% 
Market (SPY)-1.8%17.3%
Sector (XLP)6.7%2.0%

Fundamental Drivers

The -76.0% change in SBEV stock from 8/31/2025 to 3/17/2026 was primarily driven by a -48.9% change in the company's Total Revenues ($ Mil).
(LTM values as of)83120253172026Change
Stock Price ($)1.670.40-76.0%
Change Contribution By: 
Total Revenues ($ Mil)21-48.9%
P/S Multiple1.60.9-45.9%
Shares Outstanding (Mil)22-13.3%
Cumulative Contribution-76.0%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 3/17/2026
ReturnCorrelation
SBEV-76.0% 
Market (SPY)4.3%24.3%
Sector (XLP)5.6%-1.3%

Fundamental Drivers

The -93.7% change in SBEV stock from 2/28/2025 to 3/17/2026 was primarily driven by a -83.6% change in the company's Total Revenues ($ Mil).
(LTM values as of)22820253172026Change
Stock Price ($)6.400.40-93.7%
Change Contribution By: 
Total Revenues ($ Mil)61-83.6%
P/S Multiple1.30.9-35.8%
Shares Outstanding (Mil)12-40.4%
Cumulative Contribution-93.7%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2025 to 3/17/2026
ReturnCorrelation
SBEV-93.7% 
Market (SPY)13.9%9.7%
Sector (XLP)3.9%-3.8%

Fundamental Drivers

The -99.3% change in SBEV stock from 2/28/2023 to 3/17/2026 was primarily driven by a -93.7% change in the company's Total Revenues ($ Mil).
(LTM values as of)22820233172026Change
Stock Price ($)54.400.40-99.3%
Change Contribution By: 
Total Revenues ($ Mil)161-93.7%
P/S Multiple3.10.9-72.4%
Shares Outstanding (Mil)12-57.4%
Cumulative Contribution-99.3%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2023 to 3/17/2026
ReturnCorrelation
SBEV-99.3% 
Market (SPY)75.6%9.9%
Sector (XLP)26.5%-2.1%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
SBEV Return50%-18%-43%-71%-89%-35%-99%
Peers Return5%4%21%-17%7%3%19%
S&P 500 Return27%-19%24%23%16%-2%78%

Monthly Win Rates [3]
SBEV Win Rate17%17%42%25%25%33% 
Peers Win Rate53%52%57%45%48%67% 
S&P 500 Win Rate75%42%67%75%67%33% 

Max Drawdowns [4]
SBEV Max Drawdown0%-29%-52%-73%-89%-50% 
Peers Max Drawdown-18%-26%-10%-25%-26%-3% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-3% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: STZ, SAM, TAP, MNST, CELH.
[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 3/17/2026 (YTD)

How Low Can It Go

Unique KeyEventSBEVS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-91.4%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven1062.7%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven530 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-39.6%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven65.6%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven455 days148 days

Compare to STZ, SAM, TAP, MNST, CELH

In The Past

Splash Beverage's stock fell -91.4% during the 2022 Inflation Shock from a high on 2/11/2022. A -91.4% loss requires a 1062.7% gain to breakeven.

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About Splash Beverage (SBEV)

Splash Beverage Group, Inc. engages in the manufacturing, distribution, marketing, and sale of various beverages in the United States. Its products include flavored tequilas under the SALT Naturally Flavored Tequila name; hydration and recovery isotonic sport drink under the TapouT Performance name; wine under the Copa di Vino name; and Pulpoloco Sangria. The company also sells beverages and groceries online through qplash.com. Splash Beverage Group, Inc. is based in Fort Lauderdale, Florida.

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Think of it as an early-stage Constellation Brands, building a portfolio of diverse alcoholic and non-alcoholic beverage brands.

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  • SALT Naturally Flavored Tequila: Flavored tequilas.
  • TapouT Performance: A hydration and recovery isotonic sport drink.
  • Copa di Vino: Wine products.
  • Pulpoloco Sangria: Sangria products.
  • qplash.com: An online platform for selling beverages and groceries.

AI Analysis | Feedback

Splash Beverage Group, Inc. (SBEV) primarily sells its products to other companies through a combination of distributors and direct sales to retailers, rather than directly to individual consumers as its primary channel. While specific major customers are typically not publicly disclosed by companies unless they represent a significant portion of revenue, based on publicly available information regarding distribution agreements and retail placements, the following public companies can be identified as major customers or significant retail channels for SBEV's products:

  • United Natural Foods, Inc. (UNFI) - Symbol: UNFI

    UNFI is a major North American distributor of natural and organic foods, specialty foods, and other products. Splash Beverage Group has secured national distribution for its TapouT Performance Drink through UNFI, making UNFI a significant B2B customer responsible for distributing SBEV's products to a wide network of retailers.

  • Walmart Inc. - Symbol: WMT

    Walmart is one of the world's largest retail corporations. Splash Beverage Group has announced the placement of its SALT Naturally Flavored Tequila in Walmart stores, indicating Walmart as a major retail channel and potential direct customer for SBEV's products. Large retailers like Walmart often work with distributors but can also engage in direct purchasing relationships with suppliers.

It is also important to note that Splash Beverage Group partners with numerous other beverage distributors, many of which are private entities (e.g., Southern Glazer's Wine & Spirits, Republic National Distributing Company), to get its alcoholic and non-alcoholic beverages into a vast network of grocery stores, liquor stores, convenience stores, bars, and restaurants across the United States. Additionally, the company sells directly to individual consumers through its e-commerce platform, qplash.com, but this is described as a supplementary channel.

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William Meissner, President and Chief Marketing Officer

William Meissner is the President and Chief Marketing Officer of Splash Beverage Group and has over two decades of experience in expanding consumer brand companies, encompassing both large multinational corporations and entrepreneurial organizations. His expertise includes serving in multiple CEO roles, where he revitalized both successful and struggling companies, and building and restoring brand value has been a consistent theme throughout his leadership history. Before joining Splash Beverage Group, Meissner was the President and Chief Executive Officer for Sweet Leaf and Tradewinds Tea, a premium beverage vertical that he designed to build emerging brands. In this role, he acquired two legacy tea brands from Nestle, and this beverage vertical was organized by a mid-cap private equity firm. His prior positions also include Chief Executive Officer for Genesis Today, Inc., Chief Executive Officer of Tazza Pronto (a joint venture), Chief Executive Officer of Jones Soda, President of Talking Rain Beverages, Chief Marketing Officer of Fuze & NOS Beverages (Coca-Cola), and Brand Director of SoBe Beverages (Pepsi-Co). He holds an MBA from the University of Pittsburgh's Katz Graduate School of Business. William Meissner has been taking on additional responsibilities as the company transitions its CEO role following the resignation of Robert Nistico, while the board seeks a new Chief Executive Officer.

Martin Scott, Interim Chief Financial Officer

Martin Scott was appointed Interim Chief Financial Officer of Splash Beverage Group, Inc. effective December 15, 2025. He brings decades of senior financial leadership experience, with a particular focus on public company finance, operational discipline, and guiding companies through periods of transition.

Aida Aragon, S.V.P. of National Accounts

Aida Aragon serves as the Senior Vice President of National Accounts for Splash Beverage Group. She is an experienced Sales, Marketing, and Brand Management Executive with extensive experience in the sports supplement and beverage industries. Ms. Aragon has held positions with companies such as EAS, CytoSport (Muscle Milk), and Labrada, where she was instrumental in executing successful store rollouts in specialty, food, drug, and mass retailers.

Sanjeev Javia, VP, Product Development

Sanjeev Javia is the Vice President of Product Development for Splash Beverage Group. He is also the founder and President of Javia Wellness Group, a firm dedicated to innovative research, formulation, and design of nutritional exercise and wellness initiatives. As a sports nutrition expert, Sanjeev has advised some of the world's most elite athletes on fitness and nutrition since 2000, and his work with Splash Beverage Group involves developing innovative functional beverages with health benefits.

AI Analysis | Feedback

The public company Splash Beverage (symbol: SBEV) faces several significant risks to its business operations and financial viability.

  1. Significant Financial Challenges and Going Concern Risk: Splash Beverage Group, Inc. is grappling with severe financial difficulties, including recurring operating losses, negative cash flows, a substantial accumulated deficit, and rapid cash burn. The company has reported significant revenue declines, with one period showing $0 in net revenues due to a temporary operational halt caused by insufficient capital to acquire inventory. This has led its independent auditor to issue a "going-concern" warning, indicating substantial doubt about the company's ability to continue operations.
  2. Risk of Delisting from NYSE American: Splash Beverage has repeatedly faced non-compliance issues with NYSE American listing standards, including failing to meet stockholders' equity requirements and untimely filing of financial reports. While some compliance issues have been addressed, the company has been subject to delisting proceedings, and there's a continuous risk to its listing status.
  3. Intense Competition and Market Volatility: Operating in the highly competitive beverage industry, Splash Beverage Group, a micro-cap company, competes against much larger multinational corporations with entrenched distribution networks and brand recognition. This intense competition, coupled with market volatility and evolving consumer preferences, poses a continuous threat to the company's ability to gain and maintain market share for its product portfolio.

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Splash Beverage Group, Inc. operates in several beverage markets, each with distinct addressable market sizes in the U.S. or globally.

SALT Naturally Flavored Tequila

The U.S. tequila market was valued at USD 9.5 billion in 2025 and is projected to reach USD 13.8 billion by 2034, demonstrating a compound annual growth rate (CAGR) of 4.19% from 2026-2034. Another estimate places the U.S. tequila market at USD 8.6 billion. The global tequila market size was valued at USD 12.37 billion in 2025 and is projected to grow to USD 20.92 billion by 2034, exhibiting a CAGR of 6.03% during the forecast period. Flavored tequilas are a rising segment, particularly appealing to younger consumers who seek dynamic and flavor-infused expressions.

TapouT Performance (Hydration and recovery isotonic sport drink)

The U.S. sports drinks market is estimated at USD 12.61 billion in 2025 and is expected to reach USD 15.37 billion by 2030, growing at a CAGR of 4.05%. Isotonic sports drinks hold the largest share within the U.S. sports drink market, favored for their optimal blend of fluids, carbohydrates, and electrolytes for hydration and performance. The isotonic drinks market specifically in North America accounted for 52.10% of revenue in 2025, with an expected increase from USD 17.22 billion in 2025 to USD 22.84 billion by 2031 globally.

Copa di Vino (Wine)

The U.S. wine market size was estimated at USD 75.3 billion in 2024 and is projected to reach USD 157.3 billion by 2033, with a CAGR of 8.8% from 2025 to 2033. In 2025, the U.S. wine market was valued at USD 78.73 billion and is projected to reach USD 188.02 billion by 2034. The still wine segment dominated the U.S. wine market in 2025, holding a significant 69.42% share.

Pulpoloco Sangria

The global sangria market size was valued at USD 1.6 billion in 2024 and is forecasted to reach USD 2.9 billion by 2033, growing at a CAGR of 6.7%. In the U.S., the ready-to-drink sangria segment was a relatively smaller market, accounting for approximately USD 193 million in revenue.

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Here are 5 expected drivers of future revenue growth for Splash Beverage Group (SBEV) over the next 2-3 years:

  1. Expansion into the Hemp-Derived THC Beverage Category: Splash Beverage Group has strategically entered the rapidly growing hemp-based THC beverage market through a joint venture with B.A.A.D Ventures LLC, with Splash holding a 51% ownership stake. This partnership leverages Nimbus, a 10 mg hemp-derived THC flavored seltzer, with immediate plans for expansion into six additional states and the development of a vertically integrated platform for new THC beverage brands.
  2. Strategic Merger with Medterra CBD: The company has signed a non-binding Letter of Intent for a proposed merger with Medterra CBD, LLC, a prominent manufacturer and operator of federally compliant cannabinoid wellness products. Medterra generated over $52 million in profitable revenue in fiscal year 2025. This proposed combination aims to reposition Splash as a "cannabinoid wellness platform" with a house-of-brands model, anticipating significant growth driven by evolving regulatory landscapes and planned participation in a CBD pilot initiative.
  3. Growth of Tequila Brands, particularly Chispo Tequila: Splash Beverage Group is focused on expanding its tequila portfolio, notably with the launch of Chispo Tequila across six key states: California, Nevada, Texas, Oklahoma, New York, and Florida. A high-volume restaurant chain has already committed to replacing its house tequila with Chispo as an anchor customer, and Senor Frog's has selected Chispo Tequila as its house tequila in multiple US and Caribbean locations.
  4. Expanded Distribution for Existing Beverage Brands: The company is actively broadening the reach of its current product lines. This includes securing a significant retail expansion for Pulpoloco Sangria with Total Wine & More, covering over 115 stores across eight states. Additionally, Splash Beverage Group has achieved comprehensive statewide distribution for its diverse portfolio, including Copa di Vino, Pulpoloco, and SALT Tequila, throughout Colorado via a new partnership with Legacy Distribution Group. Circle K has also authorized Copa di Vino for all its franchise stores, encompassing over 800 locations in the U.S.
  5. Development of the Costa Rican Water Business: Splash Beverage Group is advancing its Costa Rican water business, supported by a multi-year anchor customer purchase order estimated at approximately $6 million annually. Deliveries are projected to commence as early as Q1 2026, and an initial order valued at $500,000 has already been secured from the All Day Group in the United Arab Emirates, indicating early international demand.

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Share Issuance

  • In June 2021, Splash Beverage Group completed a public offering of 3.75 million shares of common stock and warrants at $4.00 per share, generating approximately $15.0 million in gross proceeds.
  • The company significantly increased its authorized common shares from 7.5 million to 400 million in November 2025.
  • In January 2026, Splash Beverage Group issued a $525,000 promissory note to C/M Capital, with a potential increase to $700,000, as part of an equity line of credit facility established in September 2025.

Inbound Investments

  • In June 2021, the company received $15.0 million in gross proceeds from a public offering of common stock and warrants.
  • Splash Beverage Group entered into a $35 million equity line agreement with institutional investors in November 2025.
  • Also in November 2025, the company completed a $400,000 private placement of preferred stock and warrants, and secured a $2.2 million convertible note financing.

Better Bets vs. Splash Beverage (SBEV)

Latest Trefis Analyses

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Trade Ideas

Select ideas related to SBEV.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
BRBR_2272026_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG02272026BRBRBellRing BrandsDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
0.0%0.0%0.0%
STZ_2132026_Dip_Buyer_FCFYield02132026STZConstellation BrandsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
5.7%5.7%0.0%
KMB_2132026_Insider_Buying_GTE_1Mil_EBITp+DE_V202132026KMBKimberly-ClarkInsiderInsider Buys | Low D/EStrong Insider Buying
Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap
1.9%1.9%-1.7%
AVO_2062026_Insider_Buying_GTE_1Mil_EBITp+DE_V202062026AVOMission ProduceInsiderInsider Buys | Low D/EStrong Insider Buying
Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap
1.1%1.1%-2.7%
CALM_1022026_Dip_Buyer_FCFYield01022026CALMCal-Maine FoodsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
12.0%12.0%-7.7%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

SBEVSTZSAMTAPMNSTCELHMedian
NameSplash B.Constell.Boston B.Molson C.Monster .Celsius  
Mkt Price0.40151.66230.4042.6077.5943.9660.78
Mkt Cap0.026.52.48.375.811.49.8
Rev LTM19,3831,96511,1418,2942,5155,405
Op Inc LTM-202,9411521,6312,4194691,050
FCF LTM-51,7622161,0681,941323696
FCF 3Y Avg-81,6751961,2371,682229733
CFO LTM-52,7012701,7842,0983591,072
CFO 3Y Avg-82,8382611,9251,9152551,088

Growth & Margins

SBEVSTZSAMTAPMNSTCELHMedian
NameSplash B.Constell.Boston B.Molson C.Monster .Celsius  
Rev Chg LTM-83.6%-7.9%-2.4%-4.2%10.7%85.5%-3.3%
Rev Chg 3Y Avg-41.9%-0.5%-2.0%1.5%9.6%63.3%0.5%
Rev Chg Q-100.0%-9.8%-4.1%-2.7%17.6%117.2%-3.4%
QoQ Delta Rev Chg LTM-48.9%-2.5%-0.8%-0.7%4.0%18.3%-0.7%
Op Mgn LTM-1,918.2%31.3%7.7%14.6%29.2%18.6%16.6%
Op Mgn 3Y Avg-734.8%31.8%7.1%14.6%27.4%16.8%15.7%
QoQ Delta Op Mgn LTM-1,281.6%-0.3%-0.2%-0.2%0.9%2.5%-0.2%
CFO/Rev LTM-532.0%28.8%13.7%16.0%25.3%14.3%15.2%
CFO/Rev 3Y Avg-239.0%29.0%13.1%16.7%25.0%14.8%15.8%
FCF/Rev LTM-532.0%18.8%11.0%9.6%23.4%12.9%11.9%
FCF/Rev 3Y Avg-239.1%17.1%9.9%10.7%21.9%13.3%12.0%

Valuation

SBEVSTZSAMTAPMNSTCELHMedian
NameSplash B.Constell.Boston B.Molson C.Monster .Celsius  
Mkt Cap0.026.52.48.375.811.49.8
P/S0.92.81.20.79.14.52.0
P/EBIT-0.012.916.1-3.731.268.814.5
P/E-0.023.922.6-3.939.8105.123.2
P/CFO-0.29.89.14.736.131.69.4
Total Yield-3,544.2%5.6%4.4%-21.2%2.5%1.0%1.7%
Dividend Yield0.0%1.4%0.0%4.5%0.0%0.0%0.0%
FCF Yield 3Y Avg-2,065.2%5.0%6.7%11.0%2.7%2.5%3.9%
D/E7.30.40.00.80.00.10.2
Net D/E7.00.4-0.10.7-0.00.00.2

Returns

SBEVSTZSAMTAPMNSTCELHMedian
NameSplash B.Constell.Boston B.Molson C.Monster .Celsius  
1M Rtn-24.4%1.6%-6.9%-19.1%-4.8%-1.6%-5.9%
3M Rtn-64.2%7.1%14.4%-10.0%3.0%1.9%2.4%
6M Rtn-81.8%14.2%3.6%-8.3%17.3%-20.5%-2.3%
12M Rtn-85.7%-15.3%1.0%-25.4%38.0%46.9%-7.1%
3Y Rtn-99.4%-23.8%-25.7%-5.9%50.7%57.4%-14.8%
1M Excs Rtn-22.7%3.3%-5.2%-17.4%-3.0%0.1%-4.1%
3M Excs Rtn-66.9%5.2%15.1%-8.0%6.5%1.9%3.5%
6M Excs Rtn-77.8%12.1%5.6%-10.6%19.1%-23.1%-2.5%
12M Excs Rtn-104.8%-33.3%-18.4%-44.8%21.7%43.2%-25.9%
3Y Excs Rtn-173.3%-98.1%-100.1%-84.1%-19.0%-15.0%-91.1%

Comparison Analyses

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Financials

Segment Financials

Assets by Segment
$ Mil2024202320222021
Splash Beverage Group915158
E-Commerce1311
Medical Devices - Discontinued  00
Total1017169


Price Behavior

Price Behavior
Market Price$0.40 
Market Cap ($ Bil)0.0 
First Trading Date05/09/2019 
Distance from 52W High-95.0% 
   50 Days200 Days
DMA Price$3.42$5.88
DMA Trenddowndown
Distance from DMA-88.3%-93.2%
 3M1YR
Volatility184.2%215.0%
Downside Capture658.61208.73
Upside Capture103.5819.48
Correlation (SPY)17.2%10.9%
SBEV Betas & Captures as of 2/28/2026

 1M2M3M6M1Y3Y
Beta5.074.443.944.341.161.01
Up Beta-5.19-6.92-6.022.961.511.01
Down Beta5.297.885.717.050.710.25
Up Capture536%479%311%134%-5%12%
Bmk +ve Days9203170142431
Stock +ve Days615224889301
Down Capture727%524%516%304%161%113%
Bmk -ve Days12213054109320
Stock -ve Days15263873147424

[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 SBEV
SBEV-72.9%215.4%0.23-
Sector ETF (XLP)8.6%13.9%0.36-5.3%
Equity (SPY)20.3%18.8%0.858.8%
Gold (GLD)68.2%26.2%1.9713.4%
Commodities (DBC)19.1%17.3%0.897.6%
Real Estate (VNQ)7.6%16.1%0.2711.2%
Bitcoin (BTCUSD)-10.5%44.3%-0.1223.0%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SBEV
SBEV-64.3%146.7%-0.14-
Sector ETF (XLP)7.8%13.1%0.381.5%
Equity (SPY)13.0%17.0%0.609.0%
Gold (GLD)23.4%17.2%1.118.3%
Commodities (DBC)11.0%19.0%0.476.9%
Real Estate (VNQ)4.8%18.8%0.166.6%
Bitcoin (BTCUSD)6.1%56.7%0.3311.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SBEV
SBEV-31.6%166.7%0.29-
Sector ETF (XLP)7.8%14.7%0.400.6%
Equity (SPY)14.8%17.9%0.714.8%
Gold (GLD)14.4%15.6%0.768.9%
Commodities (DBC)8.5%17.6%0.406.5%
Real Estate (VNQ)5.8%20.7%0.244.0%
Bitcoin (BTCUSD)68.3%66.8%1.0711.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date2272026
Short Interest: Shares Quantity0.6 Mil
Short Interest: % Change Since 2152026313.4%
Average Daily Volume4.0 Mil
Days-to-Cover Short Interest1
Basic Shares Quantity2.2 Mil
Short % of Basic Shares28.2%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/16/20230.0%-8.1%8.5%
11/17/20221.5%0.5%-9.0%
8/16/2022-0.8%-24.8%-21.7%
4/1/2022-5.8%-10.9%-13.9%
11/17/2021-4.8%-2.9%-42.4%
8/18/202125.0%11.0%2.6%
5/14/20210.0%0.0%342.3%
11/17/20200.0%0.0%0.0%
...
SUMMARY STATS   
# Positive655
# Negative344
Median Positive0.0%0.0%2.6%
Median Negative-4.8%-9.5%-17.8%
Max Positive25.0%11.0%342.3%
Max Negative-5.8%-24.8%-42.4%

SEC Filings

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Report DateFiling DateFiling
09/30/202511/19/202510-Q
06/30/202508/14/202510-Q
03/31/202507/11/202510-Q
12/31/202407/11/202510-K
09/30/202411/15/202410-Q
06/30/202408/14/202410-Q
03/31/202405/15/202410-Q
12/31/202303/29/202410-K
09/30/202311/14/202310-Q
06/30/202308/14/202310-Q
03/31/202306/06/202310-Q
12/31/202203/31/202310-K
09/30/202211/14/202210-Q
06/30/202208/15/202210-Q
03/31/202205/16/202210-Q
12/31/202103/31/202210-K