REBN earnings analysis
What we found in REBN's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Reborn Coffee, Inc. demonstrated a significant improvement in its Q1 2026 financials, with total revenue soaring to approximately $5.2 million, a 207.8% increase from $1.7 million in Q1 2025. The company posted a diluted EPS of $0.43, indicating a recovery from prior losses, despite ongoing operating costs and cash flow challenges.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Hits $5.2M
- Total net revenues increased by $3.5M, or 207.8%, compared to Q1 2025.
- Gross Profit Up 173.5%
- Gross profit rose to approximately $2.1 million, compared to $0.8 million in the prior year.
- Operating Loss Reduced by 48.6%
- Loss from operations improved to $(872,685), down from $(1,697,357) in Q1 2025.
- Service Income Drives Growth
- Service income surged to $3.4 million, making up 65% of total revenues for Q1 2026.
- Earnings Recovery with EPS of $0.43
- Reported EPS improved to $0.43, a noteworthy recovery from previous quarters.
- Successful Fundraising
- Raised $21 million through a private placement to support business initiatives.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- High Operational Costs Persist
- Total operating costs increased to $6.08 million, up 79.4% from the previous year.
- Dependence on Service Revenue
- 65% of total revenue ($3.39 million) now comes from service income, which poses dependency risks.
- Negative Cash Flow
- Used approximately $362,250 in operating activities during Q1 2026, highlighting ongoing cash consumption.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.43
- Gross margin
- 40.0%
- Operating margin
- -16.7%
- Segment
- Stores: $1,470,026
- Segment
- Wholesale and Online: $79,869
- Segment
- Service Income: $3,386,552
- Segment
- License Income: $275,000
What they said about what is next.
Management stated ongoing efforts to expand retail presence and improve profitability, but no specific numeric guidance provided.
The filing reads better than the one before it.
What came before.
- 10-K · April 22, 2026
- Reborn Coffee positions itself as a ‘‘Fourth Wave’’ specialty coffee operator and franchisor built around a proprietary “Reborn Wash Process,” expanded B2B and DTC channels (Amazon) and a planned franchise rollout in…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
Read the next one first.
We read every filing REBN makes the day it lands, and put it next to what the options market did about it. Members get both, and an alert when a filing arrives.
Cancel anytime · Month to month · Switch tiers whenever