SBEV earnings analysis
What we found in SBEV'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
Q2 diluted EPS of -$0.77 improved substantially from -$4.47 in the prior-year quarter, but reported revenue was $0.00 and the supplied filing extract does not provide the financial statements, margins, cash flow, balance sheet, or segment detail needed to assess operating momentum. The most material filing disclosure is that controls were ineffective as of June 30, 2026 due to two material weaknesses. In addition, 678,400 common shares were issued through Series B conversions, creating further dilution risk; no quantitative forward guidance was disclosed.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- EPS improved year over year
- Q2 diluted EPS was reported at -$0.77, an improvement from -$4.47 in Q2 2025 and -$0.47 in Q1 2026, although the supplied filing extract does not include the underlying income statement or EPS discussion.
- Series B conversions completed
- The company issued 418,720 common shares on April 16, 2026 and 259,680 shares on June 19, 2026, or 678,400 shares in total, upon conversion of 8,480 Series B preferred shares.
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.
- Material weaknesses in controls
- Disclosure controls and procedures were ineffective as of June 30, 2026 because of two stated material weaknesses: insufficient segregation of duties and insufficient in-house accounting depth for complex transactions.
- Preferred-stock conversion dilution
- The company issued 678,400 common shares during the quarter-related period through conversions of 8,480 Series B preferred shares, creating material potential dilution for existing common shareholders.
- Accounting complexity risk
- Management specifically identified an absence of sufficient in-house accounting personnel capable of properly accounting for complex transactions, increasing financial-reporting and execution risk.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.77
What they said about what is next.
The supplied 10-Q text contains no quantitative revenue or EPS outlook. No explicit guidance change was disclosed.
The filing reads worse than the one before it.
What came before.
- 10-Q · May 20, 2026
- Splash Beverage Group (SBEV) reported a significant revenue decline of -$365,206 for Q4 2026, marking a stark drop in performance compared to the previous year's revenue of approximately $0.07 million. The diluted EPS…
- 10-K · April 30, 2026
- Splash Beverage Group, Inc. (SBEV) reported significant challenges in FY 2025, with substantial operating losses and ongoing liquidity issues. The company has extended settlement agreements with investors and is…
- 10-K · April 15, 2026
- Splash Beverage Group reports limited 2025 operations (net revenues of $442,732) and a net loss from continuing operations of approximately $25.2 million (including $14.2 million of non-cash items) and remains subject…
- 10-Q · August 14, 2025
- Splash reported no sales for the quarter ended June 30, 2025 and six‑month revenue of $438,272 (down $2.2M from $2.6M for the six months ended June 30, 2024). Net loss widened to $8.5M for the three months ended June…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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