ALKALINE WATER Co INC
WTEROther · <br>Emerging growth company · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | |
|---|---|---|---|---|---|---|
| Revenue | $63.8M | $54.8M | $40.1M | $38.4M | $32.2M | $19.8M |
| Operating income | −$22.0M | −$39.0M | −$15.8M | −$14.4M | −$8.1M | −$5.9M |
| Net income | −$27.4M | −$39.6M | −$16.4M | −$14.8M | −$8.6M | −$6.7M |
| Total assets | $18.0M | $22.5M | $24.6M | $15.6M | $18.5M | $6.1M |
| Total liabilities | $23.4M | $22.1M | $13.5M | $14.0M | $7.1M | $5.6M |
| Equity | −$5.3M | $401,138 | $11.0M | $1.6M | $11.4M | $460,241 |
| EPS (diluted) | $-2.99 | $-5.99 | $-0.24 | — | — | — |
| Shares out. | 10.4M | 122.1M | 89.8M | 64.3M | 41.3M | 31.0M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2023- Operating margin
- −34.5%
- Net margin
- −43.0%
- Return on equity
- 513.5%
- Return on assets
- −152.0%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 129.6%
- Debt / equity
- —
- Book value / share
- $-0.51
- Revenue growth (YoY)
- 16.4%
- 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 · FY2023- Altman Z″ (distress)
- -35.93distress
- Accruals / assets
- −94.2%clean
- Beneish M-Score
- -7.34normal
- Piotroski F-Score
- 5/9mixed
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
● 3 severe● 4 warning● 3 good- Negative shareholder equity
- 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
- Strong return on equity (>15%)
- 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-Qmissed a reporting deadline ↗Nov 15, 2023
- NT 10-Qmissed a reporting deadline ↗Aug 16, 2023
- NT 10-Kmissed a reporting deadline ↗Jun 30, 2023
- NT 10-Qmissed a reporting deadline ↗Feb 15, 2023
- NT 10-Kmissed a reporting deadline ↗Jun 30, 2022
- NT 10-Kmissed a reporting deadline ↗Jun 30, 2021
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 |
|---|---|---|---|---|
| Rauch David EricDirector | May 16, 2023 | Grant | 3,333 | — |
| Guarino DavidOfficer — CFO, Secretary and Treasurer | May 16, 2023 | Grant | 8,333 | — |
| Lazaran FrankDirector | May 16, 2023 | Grant | 16,666 | — |
| Chessman Frank ThomasOfficer — CEO and President | May 16, 2023 | Grant | 16,666 | — |
| Sudano BrianDirector | May 16, 2023 | Grant | 3,333 | — |
| Lazaran FrankDirector | Apr 30, 2023 | Grant | 555 | — |
| Guarino DavidOfficer — CFO Secretary Treasurer | Nov 16, 2022 | Grant | 125,000 | — |
| Rauch David EricDirector | Nov 23, 2022 | Buy | 80,000 | $0.25 |
| Lazaran FrankOfficer — President and CEO | Nov 16, 2022 | Grant | 250,000 | — |
| Keay AaronDirector | Nov 16, 2022 | Grant | 375,000 | — |
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 | 3,872 | 1.0 | +55.7% |
| Apr 30, 2026 | 2,487 | 1.0 | 0.0% |
| Apr 15, 2026 | 2,487 | 1.0 | -68.7% |
| Mar 31, 2026 | 7,933 | 1.0 | -56.0% |
| Mar 13, 2026 | 18,047 | 1.0 | +27.2% |
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- Other material eventDec 23, 2025
- Other material eventDec 22, 2025
- Other material eventDec 9, 2025
- Other material eventMay 2, 2025
- Other material eventApr 29, 2025
- Other material eventApr 22, 2025
- Other material eventApr 16, 2025
- Other material eventApr 2, 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 ↗- 8-KCURRENT REPORTDec 23, 2025
- 8-KCURRENT REPORTDec 22, 2025
- QUALIFDec 9, 2025
- 8-KCURRENT REPORTDec 9, 2025
- 1-A/ADec 5, 2025
- 1-ANov 20, 2025
- 8-KFORM 8-KMay 2, 2025
- 8-KCURRENT REPORTApr 29, 2025
- 8-KCURRENT REPORTApr 22, 2025
- 8-KFORM 8-KApr 16, 2025
- 8-KCURRENT REPORTApr 2, 2025
- 8-KFORM 8-KFeb 5, 2025
- 15-12GFORM 15-12GJun 14, 2024
- 15-12GFORM 15Jun 10, 2024
- 25-NSEMar 21, 2024
Event-driven situations (2)
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