Splash Beverage Group (SBEV) AI Stock Analysis

• Market Cap: $2.02M
• Dividend Yield: N/A
• Average Volume (3M): 3.65M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.08
• Revenue Growth: -83.63%
• EPS Growth: 65.38%
• Country: US
• Employees: 32
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Beverages - Alcoholic
• EPS (TTM): -4.51
• Shares Outstanding: 2,773,106
• 10 Day Avg. Volume: 5,591,683
• 30 Day Avg. Volume: 3,647,912
• PEG Ratio: >-0.01
• Price to Book (P/B): -0.46
• Price to Sales (P/S): 2.07
• P/FCF Ratio: -1.08
• Enterprise Value/Market Cap: 2.97
• Enterprise Value/Revenue: 5.87
• Enterprise Value/Gross Profit: -3.48
• Enterprise Value/Ebitda: -0.24
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 41 Neutral
• Price Target: $0.69 ▼(-6.16% Downside)

The score is driven primarily by very weak financial performance (sharp revenue decline, negative gross profit, large losses, and ongoing cash burn). Technicals add further pressure given the strong downtrend (price below all key moving averages and negative MACD). Valuation offers limited support because the company is loss-making (negative P/E) and no dividend yield is available.

Positive Factors

Strategic Partnerships

Strategic partnerships with distributors expand market reach and visibility, supporting long-term revenue growth and brand recognition.

Product Diversity

A diverse product portfolio allows Splash Beverage Group to cater to a wide range of consumer preferences, enhancing market resilience.

Equity Incentive Plan

The Equity Incentive Plan aims to attract and retain talent, which is crucial for sustaining innovation and competitive advantage.

Negative Factors

Negative Cash Flow

Persistent negative cash flow suggests inefficiencies in operations, potentially impacting the company's ability to sustain long-term growth.

Leadership Changes

Frequent leadership changes can disrupt strategic continuity and affect long-term business stability and performance.

Declining Revenue

Significant revenue decline indicates challenges in market positioning and competitiveness, affecting long-term financial health.

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 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.

How the Company Makes Money

Splash Beverage Group generates revenue primarily through the sale of its beverage products to retailers, distributors, and directly to consumers. Key revenue streams include wholesale distribution of their branded drinks, retail sales through partnerships with grocery stores, convenience stores, and bars, as well as e-commerce sales through their website and third-party platforms. The company benefits from strategic partnerships with distributors that enhance its market reach and visibility. Additionally, collaborations with marketing firms help to boost brand awareness and consumer engagement, driving further sales. Seasonal promotions and product launches also contribute to increased revenue during peak periods.

Splash Beverage Group Financial Statement Overview

Summary

Splash Beverage Group is facing severe financial challenges. The income statement reflects declining revenues and persistent losses, the balance sheet indicates high leverage and negative equity, and cash flow issues further exacerbate the company's financial instability. Strategic interventions are necessary to improve financial health.

Income Statement

Splash Beverage Group has experienced a significant decline in revenue, with a 33.6% drop in the most recent year. The company has consistently reported negative net profit margins, indicating ongoing losses. The gross profit margin has also deteriorated, reflecting challenges in managing costs relative to revenue. Overall, the income statement suggests substantial financial difficulties and a need for strategic improvements.

Balance Sheet

The balance sheet reveals a negative stockholders' equity, indicating potential solvency issues. The debt-to-equity ratio is negative, reflecting high leverage and financial instability. Return on equity is also negative, highlighting the company's inability to generate profits from shareholders' investments. The equity ratio is concerning, suggesting a weak financial position.

Cash Flow

The cash flow statement shows negative operating and free cash flows, indicating cash outflows from operations. The free cash flow growth rate is negative, and the operating cash flow to net income ratio is unfavorable, suggesting inefficiencies in converting income into cash. The company faces significant challenges in generating positive cash flows, which could impact its ability to sustain operations.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.02M	4.16M	18.85M	18.09M	11.32M	2.30M
Gross Profit	-1.73M	355.45K	5.57M	5.92M	2.58M	363.59K
EBITDA	-25.00M	-15.84M	-14.76M	-20.45M	-28.67M	-17.47M
Net Income	-31.07M	-23.76M	-21.00M	-21.84M	-29.05M	-28.67M
Balance Sheet
Total Assets	22.49M	2.76M	9.90M	17.30M	16.39M	9.23M
Cash, Cash Equivalents and Short-Term Investments	265.67K	15.35K	379.98K	4.43M	4.18M	380.00K
Total Debt	6.28M	12.55M	9.35M	4.37M	5.04M	4.42M
Total Liabilities	15.71M	21.39M	15.50M	7.98M	7.51M	9.33M
Stockholders Equity	6.78M	-18.63M	-5.61M	9.32M	8.87M	-102.00K
Cash Flow
Free Cash Flow	-1.78M	-8.01M	-10.20M	-14.20M	-15.13M	-23.20M
Operating Cash Flow	-1.78M	-8.00M	-10.19M	-14.09M	-15.13M	-23.10M
Investing Cash Flow	7.97K	-3.23K	-14.11K	-102.70K	0.00	-780.25K
Financing Cash Flow	1.30M	7.54M	6.15M	14.45M	18.93M	22.49M

Splash Beverage Group Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.73
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SBEV, the sentiment is Negative. The current price of 0.73 is below the 20-day moving average (MA) of 0.87, below the 50-day MA of 1.07, and below the 200-day MA of 2.49, indicating a bearish trend. The MACD of -0.14 indicates Negative momentum. The RSI at 34.53 is Neutral, neither overbought nor oversold. The STOCH value of 38.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SBEV.

Splash Beverage Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CCU	70 Outperform	$2.65B	18.83	9.07%	2.53%	16.59%	1.72%
SAM	68 Neutral	$2.31B	25.47	9.58%	―	-1.13%	24.34%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
TAP	53 Neutral	$9.99B	-4.74	-17.66%	4.08%	-4.01%	-339.22%
SBEV	41 Neutral	$2.02M	-0.04	―	―	-83.63%	65.38%

Splash Beverage Group Corporate Events

Splash Beverage Group Files Certificate for Series D Shares

On December 5, 2025, Splash Beverage Group, Inc. entered into agreements to terminate certain options to purchase $600,000 of its common stock, issuing 113,636 shares of common stock and 1,136 shares of Series D Convertible Preferred Stock instead. Additionally, on December 9, 2025, the company filed a Certificate of Designations for 50,000 shares of Series D, which allows conversion into common stock and voting rights, aligning with NYSE American rules and beneficial ownership limits.

The most recent analyst rating on (SBEV) stock is a Sell with a $1.50 price target. To see the full list of analyst forecasts on Splash Beverage Group stock, see the SBEV Stock Forecast page.

Splash Beverage Group CFO Resignation Announced

On November 12, 2025, Splash Beverage Group borrowed $500,000 from two investors, issuing promissory notes with a 15% original issue discount and a 6% interest rate. The notes mature on February 12, 2025, and include provisions for conversion into equity or debt securities. Additionally, William Devereux announced his resignation as CFO, effective November 30, 2025.

The most recent analyst rating on (SBEV) stock is a Sell with a $1.00 price target. To see the full list of analyst forecasts on Splash Beverage Group stock, see the SBEV Stock Forecast page.

Splash Beverage Group CEO Resignation Announcement

On October 31, 2025, Splash Beverage Group announced that CEO Robert Nistico will resign effective November 14, 2025, but will remain on the Board of Directors and work on special projects. During the 2025 Annual Meeting held the same day, stockholders voted on several proposals, including the election of directors and the approval of an equity incentive plan. The meeting was adjourned to further discuss a proposal to increase authorized common stock.

The most recent analyst rating on (SBEV) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on Splash Beverage Group stock, see the SBEV Stock Forecast page.

Splash Beverage Group Raises $400,000 in Stock Sale

On August 9 and October 24, 2025, Splash Beverage Group sold shares of Series A-1 Convertible Redeemable Preferred Stock and accompanying warrants to two accredited investors, raising $400,000. The company plans to sell additional shares and warrants in November 2025. Additionally, Splash Beverage Group is updating its risk factors to inform investors about potential risks and uncertainties. The company is also focusing on integrating newly acquired water assets in Costa Rica, which presents challenges due to its foreign location and the need for significant investment in infrastructure and compliance with local regulations. These strategic moves are part of Splash Beverage Group’s broader growth strategy, which involves acquisitions and divestitures, but they come with risks such as management distraction, integration challenges, and potential failure to achieve anticipated benefits.

The most recent analyst rating on (SBEV) stock is a Sell with a $2.00 price target. To see the full list of analyst forecasts on Splash Beverage Group stock, see the SBEV Stock Forecast page.

Splash Beverage Group Updates Bylaws for Voting Clarity

On October 13, 2025, Splash Beverage Group‘s Board approved amendments to the company’s Bylaws. These amendments clarify voting procedures, specifying that a majority of entitled votes is needed for stockholder actions, excluding broker non-votes from voting on such matters.

The most recent analyst rating on (SBEV) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Splash Beverage Group stock, see the SBEV Stock Forecast page.