SPLASH BEVERAGE GROUP, INC.

Splash Beverage Group, Inc. is a U.S.-based beverage company that develops, acquires, and builds early-stage and under-valued beverage brands. Its business combines branded beverage sales with a vertically integrated distribution platform, including Qplash, which serves both business and consumer customers in the United States and selected international markets.

−19 402,9 %

23,1 %

−34 537,0 %

−90,9 %

0.04

0.04

— SPLASH BEVERAGE GROUP, INC.
%
Branded beverage sales45% Sales of owned or controlled beverage brands through distribution channels.
Qplash e-commerce distribution35% Vertically integrated online distribution platform for beverage delivery.
Alcoholic beverages10% Alcoholic beverage products, including Chispo tequila in the U.S. and select international markets.
Water assets and bottled water10% Water extraction rights and planned bottling and sale of drinking water.

Splash sells to distributors, retailers, brokers, and end customers through its own e-commerce channel...

  • Distributorsprimary

    Buy beverage inventory for onward resale and channel reach.

  • Retailers and boutique storesprimary

    Purchase branded beverages for shelf placement and local consumer demand.

  • B2B office and facility customerssecondary

    Order beverages directly through Qplash for workplace and facility delivery.

  • B2C consumerssecondary

    Buy beverages online for home delivery through the Qplash platform.

  • International buyersemerging

    Purchase selected beverage and water products in export or cross-border markets.

Splash’s core market is the United States, where it distributes beverage brands and operates Qplash...

  • •United States is the core distribution and sales market
  • •Qplash serves U.S. B2B and B2C customers directly
  • •Selected international markets are part of the growth plan
  • •Costa Rica hosts the acquired aquifer water rights
  • •United Arab Emirates appears as an export/customer destination

Splash’s strategy is to acquire or incubate beverage brands with growth potential and push them through its own...

01
Build and scale Qplash distributionshort-term

Direct digital distribution can improve reach to B2B and B2C buyers.

02
Acquire and develop beverage brandsmedium-term

Owned brands can create a broader portfolio and more control over margins and channels.

03
Commercialize water assetsmedium-term

Water rights create a new product line with export potential if capital and infrastructure are secured.

Splash’s business depends on access to inventory, working capital, and reliable third-party manufacturing and...

high

Working capital and inventory availability

Sales depend on having inventory to fill distributor and e-commerce orders.

Scope
Beverage sales and Qplash distribution
Materiality
high
high

Distributor demand variability

Customers are not required to place minimum orders, making revenue timing uncertain.

Scope
Wholesale and channel sales
Materiality
high
high

Third-party manufacturing and logistics dependence

The company relies on outside vendors for production, bottling, and delivery.

Scope
Beverage and water products
Materiality
high
high

Product contamination and brand damage

Quality issues can reduce demand, trigger liability claims, and harm consumer trust.

Scope
Water assets and branded beverages
Materiality
high
medium

Acquisition and expansion execution

Brand acquisitions and international expansion may not produce expected results.

Scope
Brand portfolio and geographic growth
Materiality
medium
Revenue recognition
Reported revenue and gross profit can shift with channel mix and sell-through assumptions
Inventory valuation
Inventory impairments can reduce earnings and asset values
Fair value of equity-linked instruments
Can create non-cash gains or losses and affect equity classification
Allowance for doubtful accounts
Bad debt expense and receivables can change with collection experience

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: 29/04/2026