JONES SODA CO.
JSDAOTCConsumer Staples · Beverages · WA · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $25.3M | $19.2M | $16.7M | $19.1M | $14.8M | $11.9M |
| Operating income | −$4.8M | −$9.9M | −$4.9M | −$6.1M | −$1.9M | −$2.8M |
| Net income | −$1.8M | −$9.9M | −$4.9M | −$6.4M | −$1.8M | −$3.0M |
| Total assets | $15.2M | $8.5M | $9.9M | $15.1M | $11.1M | $9.1M |
| Total liabilities | $13.8M | $6.4M | $2.4M | $3.3M | $6.5M | $4.7M |
| Equity | $1.5M | $2.2M | $7.5M | $11.8M | $4.6M | $4.4M |
| EPS (diluted) | $-0.01 | $-0.09 | $-0.05 | $-0.07 | $-0.03 | — |
| Shares out. | 115.9M | 102.2M | 100.6M | 91.9M | 64.4M | 61.7M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −18.8%
- Net margin
- −7.0%
- Return on equity
- −121.4%
- Return on assets
- −11.7%
- Return on capital (ROCE)
- −325.1%
- Liabilities / assets
- 90.4%
- Debt / equity
- 9.39×
- Book value / share
- $0.01
- Revenue growth (YoY)
- 32.1%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -22.48distress
- Accruals / assets
- −3.4%clean
- Beneish M-Score
- 8.00elevated
- Piotroski F-Score
- 3/9weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 2 severe● 5 warning● 2 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Beneish M-Score elevated — earnings-manipulation screen flag
- Revenue is growing year-over-year
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Apr 1, 2025
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Sirkin Clive MDirector | Dec 31, 2025 | Option exercise | 115,000 | — |
| Norman Paul TDirector | Dec 31, 2025 | Option exercise | 115,001 | — |
| Murray Mark F.Director | Dec 31, 2025 | Option exercise | 93,438 | — |
| Reichman GreggDirector | Dec 31, 2025 | Option exercise | 115,001 | — |
| Dissinger Ronald LDirector | Dec 31, 2025 | Option exercise | 115,001 | — |
| Reichman GreggDirector | Jul 31, 2025 | Option exercise | 230,002 | — |
| Sirkin Clive MDirector | Jul 31, 2025 | Option exercise | 230,002 | — |
| Norman Paul TDirector | Jul 31, 2025 | Option exercise | 230,002 | — |
| Murray Mark F.Director | Jul 31, 2025 | Option exercise | 186,877 | — |
| Dissinger Ronald LDirector | Jul 31, 2025 | Option exercise | 230,002 | — |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 22,958 | 1.0 | +132.8% |
| Apr 30, 2026 | 9,863 | 1.0 | +84.5% |
| Apr 15, 2026 | 5,346 | 1.0 | -97.2% |
| Mar 31, 2026 | 187,788 | 1.0 | +425.6% |
| Mar 13, 2026 | 35,728 | 1.0 | +162.0% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Director / officer changeApr 2, 2026
- Results of operationsApr 1, 2026
- Entered a material agreement · Terminated a material agreementJan 23, 2026
- Director / officer change · Other material eventDec 12, 2025
- Entered a material agreement · New financial obligationDec 5, 2025
- Changed auditorOct 10, 2025
- Director / officer changeSep 12, 2025
- Shareholder voteJul 21, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (1)
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