Splash Beverage Group (SBEV) AI Stock Analysis

• Market Cap: $3.59M
• Dividend Yield: N/A
• Average Volume (3M): 866.07K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.06
• Revenue Growth: -80.75%
• EPS Growth: -151.46%
• Country: US
• Employees: 32
• Sector: Consumer Defensive
• Sector Strength: 49
• Industry: Beverages - Alcoholic
• EPS (TTM): N/A
• Shares Outstanding: 2,143,480
• 10 Day Avg. Volume: 2,428,904
• 30 Day Avg. Volume: 866,074
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 3.17
• Enterprise Value/Revenue: 1.82
• Enterprise Value/Gross Profit: -7.51
• Enterprise Value/Ebitda: -0.89
• 1Y Price Target: $2.00
• Price Target Upside: 19.76% Upside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 0

• Rating: 40 Underperform
• Price Target: $2.00 ▲(19.76% Upside)

Splash Beverage Group's overall stock score is heavily impacted by its poor financial performance, with significant challenges in revenue, profitability, and cash flow. Technical analysis indicates a bearish trend, and valuation metrics are unfavorable due to negative earnings. While recent corporate events show some positive developments, they are not sufficient to offset the underlying financial instability.

Positive Factors

Financial Performance

The completion of these transactions should materially change the financial performance, improve business stability, and drive longer-term operating savings across the brand portfolio.

Investment Potential

An improving return profile and meaningful growth opportunity should attract new investors over time and push SBEV shares towards the $0.50 price target.

Negative Factors

Revenue Performance

Quarterly revenue remains under pressure as the company continues to pull capital from the e-commerce business to fully fund the beverage portfolio.

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 wholesalers, retailers, and directly to consumers. The company's revenue model is built on multiple key streams, including the distribution of its proprietary brands, partnerships with third-party beverage producers, and strategic collaborations that enhance market reach. Additionally, SBEV benefits from merchandising and promotional activities that drive brand visibility and sales. Significant partnerships with distributors and retailers play a crucial role in expanding its product availability and driving revenue growth.

Splash Beverage Group Financial Statement Overview

Summary

Splash Beverage Group faces severe financial challenges. The income statement shows declining revenues and persistent losses. The balance sheet indicates high leverage and negative equity, while cash flow issues further exacerbate financial instability. Strategic interventions are necessary for improvement.

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	6.26M	4.16M	18.85M	18.09M	11.32M	2.30M
Gross Profit	-1.51M	355.45K	5.57M	5.92M	2.58M	363.59K
EBITDA	-12.76M	-15.84M	-14.76M	-20.45M	-28.67M	-17.47M
Net Income	-20.71M	-23.76M	-21.00M	-21.68M	-29.05M	-28.67M
Balance Sheet
Total Assets	8.36M	2.76M	9.90M	17.30M	16.39M	9.23M
Cash, Cash Equivalents and Short-Term Investments	456.89K	15.35K	379.98K	4.43M	4.18M	380.00K
Total Debt	11.25M	12.55M	9.35M	4.37M	5.04M	4.42M
Total Liabilities	19.19M	21.39M	15.50M	7.98M	7.51M	9.33M
Stockholders Equity	-10.83M	-18.63M	-5.61M	9.32M	8.87M	-102.00K
Cash Flow
Free Cash Flow	-8.07M	-8.01M	-10.20M	-14.20M	-15.13M	-23.20M
Operating Cash Flow	-8.07M	-8.00M	-10.19M	-14.09M	-15.13M	-23.10M
Investing Cash Flow	-4.74K	-3.23K	-14.11K	-102.70K	0.00	-780.25K
Financing Cash Flow	8.36M	7.54M	6.15M	14.45M	18.93M	22.49M

Splash Beverage Group Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.67
• 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 1.67 is below the 20-day moving average (MA) of 1.77, below the 50-day MA of 2.42, and below the 200-day MA of 4.94, indicating a bearish trend. The MACD of -0.16 indicates Negative momentum. The RSI at 42.04 is Neutral, neither overbought nor oversold. The STOCH value of 26.08 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	76 Outperform	$2.28B	14.57	10.15%	3.67%	13.92%	32.69%
ABEV	75 Outperform	$35.77B	13.67	15.08%	2.03%	-0.79%	-10.83%
SAM	74 Outperform	$2.41B	31.13	8.15%	―	2.46%	-7.28%
Sector *	63 Neutral	$20.44B	14.73	-2.94%	3.07%	2.04%	-6.12%
BLNE	47 Neutral	$30.98M	―	-23.93%	―	-24.81%	80.45%
SBEV	40 Underperform	$3.59M	―	191.27%	―	-80.75%	-151.46%
YHC	―	$9.01M	―	-190.14%	―	―	―

Splash Beverage Group Corporate Events

Splash Beverage Group Regains NYSE Compliance

On July 30, 2025, Splash Beverage Group announced it had regained compliance with the NYSE American LLC’s continued listing standards, following the resolution of previously identified deficiencies. This achievement, confirmed by letters from NYSE Regulation, allows the company to be removed from the list of noncompliant issuers and late filers, reflecting its strengthened financial foundation and positioning for growth.

Splash Beverage Group Faces NYSE Delisting Notice

On July 23, 2025, Splash Beverage Group received a notice from NYSE Regulation about the commencement of delisting proceedings for its publicly traded warrants due to low trading prices. The delisting will not affect the company’s common stock listing or its business operations. The warrants may still be quoted on an over-the-counter market, but there is no assurance of this happening.

Splash Beverage Group Acquires Costa Rica Water Rights

On June 26, 2025, Splash Beverage Group announced an agreement to acquire exclusive water rights to a natural spring source in Costa Rica’s Blue Zone, known for its pristine quality and wellness benefits. This $20 million acquisition will enhance Splash’s premium water brand, Blu, and is expected to drive significant revenue growth, aligning with global trends in clean hydration and wellness. The acquisition will also support the launch of new product lines, including a super-premium glass bottle line and a sustainable canned water line, further solidifying Splash’s position in the premium beverage market.

Splash Beverage Group Strengthens Financial Position with New Agreement

On June 25, 2025, Splash Beverage Group entered into a Securities Purchase Agreement, issuing Series A-1 Convertible Redeemable Preferred Stock and Warrants to raise $650,000 for working capital and corporate purposes. Additionally, the company exchanged $12.67 million of outstanding promissory notes for Series B Convertible Redeemable Preferred Stock to enhance its capital structure and regain compliance with NYSE American’s shareholder equity requirements. The transactions aim to strengthen Splash Beverage Group’s financial position, reduce interest expenses, and improve shareholder equity, aligning with the company’s goal of meeting NYSE American’s continued listing standards.

Splash Beverage Group Completes Preferred Shares Sale to CEO

On June 9, 2025, Splash Beverage Group, Inc. completed the sale of 1,000 Series A Preferred Shares to its CEO, Robert Nistico, for $1,000. This transaction was part of preparations for a special shareholder meeting to vote on increasing the company’s authorized shares following a reverse stock split. The Series A Preferred Shares, which carry significant voting power, are designed to be redeemed automatically upon shareholder approval of the increase in authorized shares, ensuring flexibility for future equity financing and corporate purposes.