Heritage Distilling Holding Company, Inc. (CASK) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): 659.50K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.55
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 62
• Sector: General
• Sector Strength: N/A
• Industry: Beverages - Alcoholic
• EPS (TTM): N/A
• Shares Outstanding: 12,050,386
• 10 Day Avg. Volume: 1,344,020
• 30 Day Avg. Volume: 659,497
• PEG Ratio: 0.07
• Price to Book (P/B): -13.81
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.53
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: 0.70
• Enterprise Value/Gross Profit: 11.34
• Enterprise Value/Ebitda: 6.11
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 52 Neutral
• Price Target: $0.50 ▲(4.17%Upside)

Heritage Distilling's overall stock score reflects a challenging financial position with high leverage and liquidity issues. However, a strong corporate strategy focusing on innovation and market expansion helps balance the risks. Technical indicators suggest a neutral market position, with no significant bullish or bearish momentum.

Heritage Distilling Holding Company, Inc. Business Overview & Revenue Model

Company Description

Heritage Distilling Holding Company, Inc. engages in the production, marketing, and sale of craft spirits in the United States and internationally. The company offers whiskeys, vodkas, gins, rums, and ready-to-drink canned cocktails. It sells its products through wholesale distribution, owned and operated distilleries, and tasting rooms, as well as online. The company was founded in 2011 and is headquartered in Gig Harbor, Washington.

How the Company Makes Money

Heritage Distilling Holding Company, Inc. generates revenue primarily through the sale of its distilled spirits. The company sells its products through a combination of direct-to-consumer channels, including its tasting rooms and online store, as well as through wholesale distribution to retailers and restaurants. Heritage Distilling also offers memberships to exclusive clubs, such as their Cask Club, which provides members with personalized barrel experiences and unique product offerings. Additionally, the company leverages partnerships and collaborations with other brands to expand its market reach and product offerings, contributing to its overall revenue growth.

Heritage Distilling Holding Company, Inc. Financial Statement Overview

Summary

The financial performance is weak due to inconsistent revenue growth, decreased gross profit margin, and high leverage with negative cash flows, although there is a positive net income in 2024.

Income Statement

The company shows inconsistent revenue growth with a slight increase in the latest year. Gross profit margin has decreased from 2021, and there is a persistent negative EBIT and EBITDA, indicating operational inefficiencies. However, the net income has improved significantly in 2024, turning positive, which could be a positive sign if sustained.

Balance Sheet

The balance sheet reflects a high debt-to-equity ratio due to substantial liabilities and negative equity, which poses financial stability risks. The improvement in stockholders' equity to a positive figure in 2024 is a positive sign, but the overall leverage remains high, indicating potential risk if not managed properly.

Cash Flow

Negative operating and free cash flows across the years indicate liquidity challenges. However, there is a notable improvement in free cash flow in 2024, and the financing cash flow indicates reliance on external funding to support operations, which could be risky if not managed effectively.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	8.40M	7.97M	8.31M	8.29M
Gross Profit	2.13M	2.15M	2.21M	2.24M
EBITDA	-14.92M	-32.34M	-7.76M	-3.30M
Net Income	710.46K	-36.80M	-12.27M	-7.22M
Balance Sheet
Total Assets	28.00M	26.27M	27.96M	24.90M
Cash, Cash Equivalents and Short-Term Investments	453.16K	76.88K	223.03K	205.28K
Total Debt	17.18M	56.38M	26.66M	14.27M
Total Liabilities	27.21M	69.69M	34.59M	19.69M
Stockholders Equity	791.77K	-43.42M	-6.63M	5.21M
Cash Flow
Free Cash Flow	-11.32M	-8.51M	-9.94M	-8.88M
Operating Cash Flow	-11.22M	-8.48M	-9.30M	-7.69M
Investing Cash Flow	-101.33K	-24.11K	-614.38K	-1.19M
Financing Cash Flow	11.69M	8.36M	9.93M	8.88M

Heritage Distilling Holding Company, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SAM	73 Outperform	$2.27B	29.32	8.15%	―	2.46%	-7.28%
CCU	71 Outperform	$2.25B	12.63	11.33%	0.25%	6.18%	61.39%
TAP	69 Neutral	$10.13B	10.04	7.90%	3.65%	-5.17%	-0.74%
Sector *	56 Neutral	$6.25B	22.13	-28.61%	6.05%	10.73%	-32.66%
CASK	52 Neutral		―		―	―	―
SBEV	41 Neutral	$3.97M	―	191.27%	―	-70.13%	-158.23%
YHC	―	$1.90M	―	-231.00%	―	―	―

Heritage Distilling Holding Company, Inc. Corporate Events

Heritage Distilling Expands Capital Stock Authorization

On June 24, 2025, Heritage Distilling Holding Company, Inc. held its 2025 Annual Meeting where stockholders approved an amendment to increase the number of authorized shares of capital stock by 420,000,000, bringing the total to 495,000,000 shares. This decision, supported by approximately 96% of the votes cast, was part of eight proposals voted on during the meeting. The amendment was filed and became effective the same day, indicating a strategic move to potentially expand the company’s capital structure and enhance its financial flexibility.

Heritage Distilling Increases Series B Preferred Shares

On June 12, 2025, Heritage Distilling Holding Company, Inc. filed an amendment to increase the authorized shares of its Series B Convertible Preferred Stock from 750,000 to 850,000. This move aims to correct typographical errors and enhance the company’s capital structure, potentially impacting its financial flexibility and shareholder value.

Heritage Distilling Unveils Cryptocurrency Initiatives

On June 10, 2025, Heritage Distilling Holding Company, Inc. presented at an investor conference, where CEO Justin Stiefel discussed the company’s recent cryptocurrency initiatives. These include the formation of a Technology and Cryptocurrency Committee, the adoption of a Cryptocurrency Treasury Reserve Policy, and the launch of new products like Bitcoin Bourbon and House of Doge Bourbon. The company is exploring financing opportunities tied to its cryptocurrency policy, though there is no guarantee of successful transactions. These moves reflect Heritage’s strategy to integrate cryptocurrency into its operations and connect with consumers interested in crypto commerce.

Heritage Distilling Launches Dogecoin-Inspired Bourbon Collaboration

On June 9, 2025, Heritage Distilling announced a collaboration with House of Doge to launch the House of Doge™ Bourbon, a Dogecoin-inspired Kentucky straight bourbon whiskey. This partnership marks a unique blend of cryptocurrency and craft distilling, reflecting Heritage’s strategy to integrate cryptocurrency into its operations and engage with crypto-savvy consumers. The company also introduced a Cryptocurrency Treasury Reserve Policy and a ‘Dogecoin Giveaway’ contest, offering a chance to win Dogecoin equivalent to one Bitcoin. This initiative underscores Heritage’s commitment to innovation and its vision of reshaping brand engagement in a decentralized future.

Heritage Distilling Raises $6.4M via Stock Sale

Between February 21, 2025, and May 29, 2025, Heritage Distilling Holding Company, Inc. entered into subscription and securities purchase agreements with 14 accredited investors, raising $6,421,377 through the sale of Series B Convertible Preferred Stock. The transaction involved the issuance of 642,137 shares of Series B Preferred Stock, which are convertible into common stock, and included the issuance of warrants for additional shares, reflecting strategic financial maneuvers to enhance capital structure.

Heritage Distilling Launches Bitcoin Bourbon and Crypto Policy

On June 3, 2025, Heritage Distilling announced the launch of Bitcoin Bourbon™, a limited-edition whiskey celebrating digital currency culture and e-commerce’s future. Coinciding with a new Cryptocurrency Treasury Reserve Policy, the company will accept Bitcoin as payment and may hold it as a strategic asset. This initiative, including a Bitcoin giveaway contest, aligns with Heritage’s strategy to integrate cryptocurrency into its operations and engage with a values-driven community.

Heritage Distilling Adopts Cryptocurrency Treasury Policy

On May 15, 2025, Heritage Distilling Holding Company, Inc. announced the adoption of its Cryptocurrency Treasury Reserve Policy, allowing the acceptance of Bitcoin and Dogecoin as payment and holding them as strategic assets. This move, led by the Board’s Technology and Cryptocurrency Committee, positions Heritage as a leader in the craft spirits space by integrating cryptocurrencies into its e-commerce platform. The initiative is expected to provide financial flexibility and reduce transaction friction, aligning with the company’s innovative approach and expanding market presence.