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…
Earnings analysis · 10-Q
SBEV earnings analysis
Filed August 19, 2026 · Our reading of the company's report
The latest report
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,…
Read full summary
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.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.77
What stood out
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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.
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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.
What to watch
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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.
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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.
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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.
Management's outlook
The supplied 10-Q text contains no quantitative revenue or EPS outlook. No explicit guidance change was disclosed.
Earlier filings 4
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 itself. Analysis can contain errors; check the source document for full context.