Splash Beverage Group (SBEV)
XASE:SBEV
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Splash Beverage Group
(NYSE MKT:SBEV)
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Rating:42Neutral
Price Target:
$0.66
▼(-10.27% Downside)
Action:UpgradedDate:01/28/26
The score is held down primarily by very weak financial performance (sharp TTM revenue contraction, negative gross profit, large losses, and ongoing cash burn). Technicals also remain unfavorable with the stock below longer-term moving averages and a negative MACD. Valuation is constrained by losses and no dividend, while the recent positive distribution/branding event offers some upside but is not large enough to offset the core financial and trend risks.
Positive Factors
On‑premise brand validation
Securing Senor Frog’s as a house tequila gives Chispo on‑premise exposure to hundreds of thousands of guests annually, accelerating brand trial and awareness in experiential venues. This national hospitality placement plus production ties to ZB Distillery supports scalable supply and long‑term brand building.
Negative Factors
Severe revenue contraction and negative gross margin
A near‑half revenue decline combined with negative gross profit signals structural issues in pricing, cost of goods, or demand for core products. Sustained negative gross margins erode any operating leverage, make profitability contingent on major strategic or operational fixes, and heighten risk of partner attrition or lost shelf space.
Read all positive and negative factors
Positive Factors
Negative Factors
On‑premise brand validation
Securing Senor Frog’s as a house tequila gives Chispo on‑premise exposure to hundreds of thousands of guests annually, accelerating brand trial and awareness in experiential venues. This national hospitality placement plus production ties to ZB Distillery supports scalable supply and long‑term brand building.
Read all positive factors
Splash Beverage Group (SBEV) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.08M
Dividend YieldN/A
Average Volume (3M)3.65M
Price to Earnings (P/E)―
Beta (1Y)2.12
Revenue Growth-83.63%
EPS Growth65.38%
CountryUS
Employees32
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Alcoholic
Share Statistics
EPS (TTM)-4.51
Shares Outstanding3,051,423
10 Day Avg. Volume5,591,683
30 Day Avg. Volume3,647,912
Financial Highlights & Ratios
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 Cap6.56
Enterprise Value/Revenue6.93
Enterprise Value/Gross Profit-4.10
Enterprise Value/Ebitda-0.28
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-13.2
Revenue Forecast (FY)$17.89M
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 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 par...
Splash Beverage Group Earnings Call Summary
Earnings Call Date:Nov 25, 2024
(Q3-2024)
| % Change Since: |
Next Earnings Date:May 25, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted significant improvements in gross margins and distribution expansion, along with substantial capital raising efforts and promising acquisition opportunities. However, persistent liquidity challenges and legal issues with ABG TapouT, coupled with a notable net loss, underscore ongoing financial hurdles.Positive Updates
Improved Gross Margins
Q3 2024 gross margins increased to 30%, up from 23% in Q2 2024 and 11% in Q1 2024, driven by strategic sourcing and lower wine costs.
Negative Updates
Liquidity Challenges
Ongoing liquidity issues impacting inventory and sales, with net sales of $381,000 in Q3 2024, down from over $1 million in Q2 2024.
Read all updates
Q3-2024 Updates
Positive
Negative
Improved Gross Margins
Q3 2024 gross margins increased to 30%, up from 23% in Q2 2024 and 11% in Q1 2024, driven by strategic sourcing and lower wine costs.
Read all positive updates
Company Guidance
During the Q3 2024 earnings call for Splash Beverage Group, CEO Robert Nistico provided comprehensive guidance on the company's financial and strategic outlook. Key highlights included a significant improvement in gross margins, which rose to 30% from 23% in Q2 and 11% in Q1, driven by strategic sourcing programs and a reduction in SG&A expenses by $500,000 from the previous quarter. Despite liquidity challenges, the company managed to raise approximately $8 million since August 2024 to support working capital and potential acquisitions. CFO Julius Ivancsits reported Q3 net sales of $381,000, a slight decline from Q2, attributed to inventory limitations. However, the gross margin saw an increase of $244,000 from Q2, reaching $981,000 in Q3, supported by the restart of the Qplash resale business, which boasts a gross margin of 59%. Operating expenses decreased by $1 million, contributing to an improved EBITDA loss of $1.7 million, a $2 million improvement from Q3 2023. The company's liquidity remained tight, with a cash balance of $457,000 at the end of Q3. Looking forward, Splash anticipates positive cash flow and EBITDA by Q3 2025, bolstered by distribution expansions and strategic acquisitions, including an energy drink company with projected growth of over 30%.Splash Beverage Group Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
24
Negative
Cash Flow
10
Very Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Mar 2023 | Mar 2022 | 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
Negative
0.73
Price Trends
0.49
Negative
0.75
Negative
1.45
Negative
Market Momentum
-0.04
Negative
38.47
Neutral
28.09
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 above the 20-day moving average (MA) of 0.42, above the 50-day MA of 0.49, and below the 200-day MA of 1.45, indicating a bearish trend. The MACD of -0.04 indicates Negative momentum. The RSI at 38.47 is Neutral, neither overbought nor oversold. The STOCH value of 28.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SBEV.
Splash Beverage Group Risk Analysis
Splash Beverage Group disclosed 44 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 |
|---|---|---|---|---|---|---|---|
70 Outperform | $2.72B | 19.30 | 12.16% | ― | -1.13% | 24.34% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
53 Neutral | $2.31B | 19.13 | 7.86% | 2.53% | 16.59% | 1.72% | |
49 Neutral | $8.85B | -4.26 | -18.18% | 4.08% | -4.01% | -339.22% | |
42 Neutral | $1.08M | -0.13 | ― | ― | -83.63% | 65.38% |
* Consumer Defensive Sector Average
SBEV
Splash Beverage Group
0.35
-0.99
-73.58%
SAM
Boston Beer
260.05
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7.03%
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12.40
-1.67
-11.89%
TAP
Molson Coors
44.68
-12.97
-22.49%
YHC
LQR House
0.95
-5.27
-84.72%
IBG
Innovation Beverage Group Ltd.
1.08
-14.80
-93.20%
Splash Beverage Group Corporate Events
Private Placements and Financing
Splash Beverage raises equity capital via stock issuance
Neutral
Jan 30, 2026
On October 27, 2025, November 25, 2025, and December 11, 2025, Splash Beverage Group, Inc. issued a total of 360,648 shares of common stock following the conversion of $200,000 in convertible promissory notes, transactions that were conducted as e...
Business Operations and StrategyProduct-Related Announcements
Splash Beverage’s Chispo Tequila Chosen as Senor Frog’s House Brand
Positive
Jan 27, 2026
On January 27, 2026, Splash Beverage Group announced that Senor Frog’s, part of Mexico’s Grupo Anderson’s restaurant consortium, has selected Splash’s Chispo Tequila as its house tequila at an initial group of locations in ...
Business Operations and StrategyPrivate Placements and Financing
Splash Beverage Amends Equity Line With New Note
Neutral
Jan 26, 2026
On January 26, 2026, Splash Beverage Group, Inc. amended the structure of its existing equity line of credit facility with C/M Capital Master Fund, LP by entering into a Letter Agreement that replaces previously agreed “Commitment SharesR...
Private Placements and FinancingRegulatory Filings and Compliance
Splash Beverage Group Files Certificate for Series D Shares
Neutral
Dec 10, 2025
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...
Executive/Board ChangesPrivate Placements and Financing
Splash Beverage Group CFO Resignation Announced
Neutral
Nov 14, 2025
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...
Executive/Board ChangesShareholder Meetings
Splash Beverage Group CEO Resignation Announcement
Neutral
Nov 6, 2025
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, stockho...
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.