Reed's vs SRX Global
Reed's is the larger business, with $34.1m of revenue in fiscal 2025 against $6.5m for SRX Global (5.2 times as much). Reed's grew faster (-10.2% against -83.1%). Reed's kept more of each dollar of sales as profit: a net margin of -46.5% against -688.8%.
| Latest fiscal year | Reed'sREED, 2025 | SRX GlobalSRXH, 2025 |
|---|---|---|
| Revenue | $34.1m | $6.5m |
| Revenue growth | -10.2% | -83.1% |
| Net income | −$15.8m | −$45.0m |
| Operating margin | -44.5% | — |
| Net margin | -46.5% | -688.8% |
| Return on equity | — | — |
| Free cash flow | −$17.3m | −$8.2m |
| Cash | — | $1.3m |
| Total debt | $9.3m | $4.5m |
| Debt to equity | 101.1% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $137,000 |
| Employees | 44 | 10 |
| Market value | $12.4m | $18.3m |
| Price vs our value range | — | — |
| Moat score | 29 (Weak) | 16 (Weak) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 0 sales |