Jones Soda (JSDA) Q2 2026 Earnings Report

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Previous Report: Q1 2026

JSDA Q2 2026 EPS Results

Actual EPS>-$0.01

Consensus EPS―

Beat/Miss―

One Year Ago EPS$0.02

JSDA Q2 2026 Revenue Results

Actual Revenue$10.17M

Expected Revenue―

Beat/Miss―

YoY Revenue Growth+107.76%

Earnings Announcement Details

QuarterQ2 2026

Date08/13/2026

TimeBefore Open

Conference CallThursday, August 13, 2026

JSDA Upcoming Earnings

Jones Soda's next earnings date is estimated for October 29, 2026, based on past reporting schedules.

Q2 2026 Earnings Call Audio

JSDA Q2 2026 Earnings Call

0:00 / 0:00

Q2 2026 Earnings Slide Deck

No slide deck is available for this earnings event.

Q2 2026 Earnings Call Summary

Q2 2026

Earnings Call Date:Aug 13, 2026|

% Change Since:

Earnings Call Sentiment|Positive

Overall the call conveys a positive and improving operating trajectory: the company reported very strong top-line growth, meaningful H1 gross profit and operational improvements, introduced full-year guidance for positive adjusted EBITDA, and secured financing and freight-cost reductions to support margin recovery. Headwinds include Q2 gross margin compression driven by freight/fuel, a Q2 net loss, regulatory-driven collapse in HD9 sales, and execution/timing risks (shipment timing and 3PL transition). On balance, the highlights—substantial revenue expansion, improving adjusted EBITDA trends, improved working capital, and scalable collaboration/D2C momentum—outweigh the lowlights.

Company Guidance

The company raised its full‑year fiscal 2026 revenue growth target from 60% to approximately 80% and introduced full‑year adjusted EBITDA guidance, expecting to deliver positive adjusted EBITDA for 2026; management said roughly $2.0 million of shipments shifted from Q2 into July (already shipped) — which at the Q2 gross margin of 27.5% would have added about $550k to adjusted EBITDA — and expects Q3 to be “one of the strongest quarters” in company history. Key underlying metrics supporting the guidance: Q2 revenue of $10.2M (↑108% YoY from $4.9M), six‑month revenue of $22.6M (↑148% YoY), six‑month gross profit $6.7M (↑123% YoY) and six‑month adjusted EBITDA of +$0.2M (vs. -$1.7M prior year); Q2 adjusted EBITDA loss was $312k (vs. -$739k prior). Management expects gross margin to rebound into the 30% range in H2 as freight savings from an RFP (trade‑lane reductions of ~10–36% in June/July; Midwest 35%, Northeast 36%) flow through (with the caveat crude at ~$80/WTI), and noted liquidity of $2.4M cash at June 30 plus ~ $1.9M gross from subsequent private placements and a $10M credit facility; they also flagged that an uplist would likely require $10–15M of capital and that the Rap Snacks collaboration is expected to begin contributing revenue in fiscal 2027 (targeting a Q1–Q2 2027 launch).

Record Revenue Growth

Q2 revenue of $10.2M, up ~108% year-over-year (from $4.9M); 6-month revenue $22.6M, up 148% YoY. Management increased full-year revenue growth expectation from 60% to approximately 80%.

Improving Adjusted EBITDA and Positive Full-Year Guidance

Q2 adjusted EBITDA loss of $312k, an improvement of $427k versus prior-year loss of $739k. Six-month adjusted EBITDA positive $0.2M versus a $1.7M loss in the prior period. Company introduced full-year guidance targeting positive adjusted EBITDA for FY2026.

Strong H1 Gross Profit and Execution

6-month gross profit of $6.7M, up 123% YoY and nearly equal to full-year 2025 gross profit (99%). Q2 gross profit increased by $1.2M (72%) to $2.8M.

Material Working Capital and Productivity Improvements

Accounts receivable days improved from 78.4 to 29.4 days; inventory turns increased from 2.8x to 6.8x (reducing days on hand to ~50–70 vs ~130 previously); days payable improved from 122 to ~60 days. Revenue per employee trending at $1.3M (up 47% vs 2025, 87% vs 2024).

Freight Cost Reductions Expected to Improve Margins

Ops RFP produced freight rate reductions across key lanes (10%–36% reductions in Southeast/Midwest/Northeast), with management expecting gross margin to recover into the low-30% range in H2 if WTI oil remains near $80/barrel.

Successful Brand Collaborations and D2C Momentum

High-impact limited releases and collaborations (Fallout sellouts, Crayola back-to-school) drove demand; Rap Snacks collaboration announced (expected revenue contribution in 2027). D2C platform used successfully for limited releases (rocket bottles) and planned website/fulfillment improvements to scale direct sales.

Enhanced Liquidity and Capital Support

Completed two private placements generating approximately $1.9M in gross proceeds and secured a $10M credit facility, providing additional liquidity to support growth and strategic investments.

JSDA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Oct 29, 2026	2026 (Q3)	- / -	-0.012	―
Aug 13, 2026	2026 (Q2)	- / >-0.01	0.022	-127.27% (-0.03)
May 14, 2026	2026 (Q1)	- / -	-0.007	―
Mar 31, 2026	2025 (Q4)	- / <0.01	-0.007	114.29% (<+0.01)
Nov 17, 2025	2025 (Q3)	- / -0.01	-0.024	50.00% (+0.01)
Aug 15, 2025	2025 (Q2)	- / 0.02	-0.015	246.67% (+0.04)
May 15, 2025	2025 (Q1)	- / -0.01	-0.011	9.09% (<+0.01)
Apr 01, 2025	2024 (Q4)	- / >-0.01	-0.011	36.36% (<+0.01)
Nov 13, 2024	2024 (Q3)	- / -0.02	-0.009	-166.67% (-0.02)
Aug 13, 2024	2024 (Q2)	- / -0.01	-0.01	-50.00% (>-0.01)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed