JSDA JONES SODA CO.

Overview and Growth

Fiscal 2025 results for JONES SODA CO. combined $25.30M of revenue with net loss of $1.78M and an operating cash outflow of $1.26M. At $25.30M, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Compared with $17.79M in fiscal 2024, revenue recorded a 42.2% year-over-year increase. The company reported diluted EPS of -$0.01, adding a shareholder-level measure to the absolute income figures considered below. At period end, total assets were $15.23M, framing the scale of the company’s operating and financing commitments. Revenue equaled 1.66x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

After reported cost of revenue, the company retained $6.76M as gross profit before recognizing operating expenses and other items. The gross-profit relationship equaled 26.7% of revenue, quantifying the portion retained before operating expenses were recognized. The reported operating result was an operating loss of $4.77M, reflecting costs that exceeded gross profit. The operating loss equaled 18.8% of revenue, showing the scale of the operating deficit relative to sales. After all below-operating-line items, the company recorded a net loss of $1.78M for the fiscal year. Net margin was -7.0%, reflecting a loss equal to 7.0% of reported revenue. Negative EBITDA totaled $4.54M, confirming that the earnings deficit remained before depreciation and amortization. The pretax result was a loss of $1.68M, establishing the deficit before tax effects. Pretax margin was -6.6%, reflecting a pre-tax loss equal to 6.6% of revenue. Income tax expense totaled $8.00K, providing the reported tax component that separates pretax and after-tax earnings. The net loss equaled 121.4% of period-end equity, showing the deficit relative to book capital. Relative to total assets, the net loss represented 11.7%. The bottom-line deficit decreased from $9.89M in fiscal 2024 to $1.78M.

Liquidity and Capital Structure

The company held $15.23M of assets against $13.76M of liabilities and $1.47M of equity, revealing how the asset base was financed. At period end, current assets of $13.26M compared with current liabilities of $13.76M, defining the company’s short-term resource position. At 0.96x, current liabilities exceeded current assets and placed pressure on the company’s near-term liquidity position. The company held $3.60M in cash and equivalents, a narrower liquidity measure than total current assets. The cash balance equaled 26.1% of current liabilities, showing how much near-term coverage came from cash alone. The equity-to-assets relationship was 9.6%, placing book capital against the total resource base. The liabilities-to-assets relationship was 90.4%, placing reported obligations against the full positive asset balance. Cash and equivalents equaled 23.6% of total assets, showing the liquid cash component within the company’s broader resource base. Total assets were 78.7% higher than fiscal 2024 assets of $8.52M, measuring the company’s own balance-sheet change. Reported equity changed 32.0% from $2.16M in fiscal 2024, placing the current capital base lower year over year. Compared with $1.27M in fiscal 2024, the current cash balance moved 182.3% and finished higher.

Cash Flow and Earnings Quality

The company reported an operating cash outflow of $1.26M, rather than cash generation from operations. The company spent $454.00K on capital expenditures while operations also absorbed cash, so both ongoing activity and investment drew on liquidity during the period. Operating cash flow and capital spending combined to leave a $1.72M cash deficit after capital spending. Free-cash-flow margin was -6.8%, reflecting a cash deficit equal to 6.8% of revenue after capital spending. The free-cash-flow deficit equaled 11.3% of total assets, placing the cash shortfall against the company’s resource base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Sep 24, 2026.