Splash Beverage Group (SBEV)
XASE:SBEV
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Splash Beverage Group
(NYSE MKT:SBEV)
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Rating:40Underperform
Price Target:
$0.24
▼(-67.40% Downside)
Action:Downgraded
Date:06/04/26
The score is driven down primarily by very weak financial performance (sharp TTM revenue contraction, persistent losses and cash burn, and a highly levered/fragile balance sheet). Technical indicators also reflect sustained downside momentum. Corporate events (listing compliance and going-concern disclosure) add material risk, while valuation signals are not supportive due to negative earnings and no dividend yield.
Positive Factors
Strategic M&A pivot into cannabinoid wellness
A potential merger with Medterra targets entry into the faster-growing cannabinoid wellness category and could materially expand product portfolio and distribution. If completed it may restore shareholders' equity, diversify revenue mix and provide scale advantages that support long-term recovery.
Negative Factors
Severe revenue collapse and weak margins
A near-total collapse in revenue and persistently negative operating margins indicate the core beverage business currently lacks demand and pricing power. Such structural revenue shrinkage makes it difficult to cover fixed costs, undermines scalability and requires sustained revenue restoration for durable profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Strategic M&A pivot into cannabinoid wellness
A potential merger with Medterra targets entry into the faster-growing cannabinoid wellness category and could materially expand product portfolio and distribution. If completed it may restore shareholders' equity, diversify revenue mix and provide scale advantages that support long-term recovery.
Read all positive factors
Splash Beverage Group (SBEV) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.74M
Dividend YieldN/A
Average Volume (3M)3.65M
Price to Earnings (P/E)―
Beta (1Y)1.66
Revenue Growth-83.63%
EPS Growth65.38%
CountryUS
Employees32
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Alcoholic
Share Statistics
EPS (TTM)N/A
Shares Outstanding10,964,788
10 Day Avg. Volume5,591,683
30 Day Avg. Volume3,647,912
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)1.57
Price to Sales (P/S)20.58
P/FCF Ratio-0.31
Enterprise Value/Market Cap2.34
Enterprise Value/Revenue-17.60
Enterprise Value/Gross Profit-33.66
Enterprise Value/Ebitda-0.36
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Splash Beverage Group Business Overview & Revenue Model
Company Description
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 is...
How the Company Makes Money
Splash Beverage Group primarily makes money by selling branded beverage products to distributors, retailers, and other channel partners. Its key revenue stream is product sales generated from its portfolio of beverage brands, which are produced (v...
Splash Beverage Group Financial Statement Overview
Summary
Income Statement
7
Very Negative
Balance Sheet
18
Very Negative
Cash Flow
9
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | -365.21K | 73.07K | 4.16M | 18.85M | 18.09M | 11.32M |
| Gross Profit | -190.94K | 16.90K | 355.45K | 5.57M | 5.92M | 2.58M |
| EBITDA | -17.97M | -19.97M | -15.84M | -14.76M | -20.45M | -28.67M |
| Net Income | -21.58M | -25.23M | -23.76M | -21.00M | -21.84M | -29.05M |
Balance Sheet | ||||||
| Total Assets | 769.95K | 965.69K | 2.76M | 9.90M | 17.30M | 16.39M |
| Cash, Cash Equivalents and Short-Term Investments | 381.19K | 281.44K | 15.35K | 379.98K | 4.43M | 4.18M |
| Total Debt | 6.31M | 6.67M | 12.55M | 9.35M | 4.37M | 5.04M |
| Total Liabilities | 857.00 | 6.39K | 21.39M | 15.50M | 7.98M | 7.51M |
| Stockholders Equity | 769.10K | 959.30K | -18.63M | -5.61M | 9.32M | 8.87M |
Cash Flow | ||||||
| Free Cash Flow | -2.13M | -4.79M | -8.01M | -10.20M | -14.20M | -15.13M |
| Operating Cash Flow | -2.13M | -4.79M | -8.00M | -10.19M | -14.09M | -15.13M |
| Investing Cash Flow | 0.00 | 0.00 | -3.23K | -14.11K | -102.70K | 0.00 |
| Financing Cash Flow | 364.84K | 5.10M | 7.54M | 6.15M | 14.45M | 18.93M |
Splash Beverage Group Technical Analysis
Positive
0.73
Price Trends
0.29
Negative
0.43
Negative
1.00
Negative
Market Momentum
-0.02
Negative
51.97
Neutral
53.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SBEV, the sentiment is Positive. The current price of 0.73 is above the 20-day moving average (MA) of 0.21, above the 50-day MA of 0.29, and below the 200-day MA of 1.00, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 51.97 is Neutral, neither overbought nor oversold. The STOCH value of 53.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SBEV.
Splash Beverage Group Risk Analysis
Splash Beverage Group disclosed 42 risk factors in its most recent earnings report. Splash Beverage Group reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Splash Beverage Group Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
57 Neutral | $2.04B | 16.50 | 7.53% | 2.53% | 0.23% | -28.74% | |
57 Neutral | $7.37B | -3.50 | -19.15% | 4.08% | -1.30% | -312.85% | |
54 Neutral | $1.72B | -28.17 | -7.30% | ― | -4.69% | -204.08% | |
40 Underperform | $2.74M | -0.02 | ― | ― | -83.63% | 65.38% |
* Consumer Defensive Sector Average
SBEV
Splash Beverage Group
0.25
-3.46
-93.26%
SAM
Boston Beer
164.72
-53.99
-24.69%
CCU
Compania Cervecerias Unidas SA
11.03
-2.04
-15.61%
TAP
Molson Coors
39.06
-10.90
-21.81%
YHC
LQR House
0.73
-0.66
-47.34%
IBG
Innovation Beverage Group Ltd.
1.16
-13.09
-91.86%
Splash Beverage Group Corporate Events
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Splash Beverage Raises Capital via Structured Equity Sales
Neutral
Jun 4, 2026
From May 29, 2026 through June 1, 2026, Splash Beverage Group sold and issued 3,846,332 shares of common stock under a previously established Securities Purchase Agreement with C/M Capital Master Fund, LP, generating total gross proceeds of $607,7...
Business Operations and StrategyFinancial DisclosuresM&A TransactionsRegulatory Filings and Compliance
Splash Beverage Updates NYSE Compliance, Explores Strategic Deals
Negative
Jun 3, 2026
On June 3, 2026, Splash Beverage Group issued a corporate update on its NYSE American compliance process, confirming it had received an April 29, 2026 notice that it was out of compliance with stockholders’ equity listing standards and submi...
Business Operations and StrategyExecutive/Board Changes
Splash Beverage names interim CEO amid cannabis pivot
Positive
May 15, 2026
On May 9, 2026, Splash Beverage Group appointed director Brady Cobb as Interim Chief Executive Officer and principal executive officer, marking a leadership change toward a wellness and cannabinoid‑focused growth strategy. Cobb brings extens...
Business Operations and StrategyDelistings and Listing ChangesFinancial DisclosuresM&A TransactionsPrivate Placements and FinancingRegulatory Filings and Compliance
Splash Beverage Faces NYSE Noncompliance Amid Capital Changes
Negative
May 5, 2026
On April 28, 2025, Splash Beverage Group borrowed and repaid a $30,000 loan that included an equity option for DMF Ventures, and on May 27, 2025, it raised $200,000 via Series A-1 Convertible Preferred Stock sold to investor Kevin Digmann, issuing...
Business Operations and StrategyExecutive/Board Changes
Splash Beverage Group Adds Veteran Executive to Board
Positive
Apr 27, 2026
On April 27, 2026, Splash Beverage Group appointed veteran executive Francis Knuettel II to its board of directors, effective immediately, adding a director with extensive CXO experience in early-stage public technology and life sciences companies...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
Splash Beverage Reshapes Board, Retains Nistico as Consultant
Negative
Apr 24, 2026
On April 20, 2026, Splash Beverage Group amended prior settlement agreements with three investors relating to disputed October 2024 investments, extending the due date for remaining settlement payments of $535,595 to June 1, 2026, adding 12% inter...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Splash Beverage Announces Planned Merger With Medterra CBD
Positive
Mar 12, 2026
On March 4, 2026, Splash Beverage Group entered into a letter of intent with Medterra CBD for a potential merger valuing Medterra at $37.6 million, to be paid in approximately 75.2 million shares assuming repayment of its $10.4 million debt. The d...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.