YHCNasdaqBeveragesUS GAAP · USD

LQR House Inc.

LQR House Inc. is a U.S.-based alcohol e-commerce and brand-development company built around the CWS Platform, an online retail destination for spirits and related products. It combines direct-to-consumer alcohol sales with marketing services for its own brands and third-party beverage clients, while also developing premium labels such as SWOL Tequila and Soleil Vino.

Liikevaihto1,6milj. USD
−37,4 %v/v
Liikevoitto (EBIT)−11,4milj. USD
+38,2 %v/v
EBIT-marginaali−730,3%
+8,7 %-yks.v/v
Nettotulos−25,5milj. USD
−12,2 %v/v
Vapaa kassavirta−34,2milj. USD
−415,3 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2022–2025

−20−15−10−505milj. USD2022: 0,60 milj. USD2022: EBIT −1,8 milj. USD20222023: 1,1 milj. USD2023: EBIT −16 milj. USD20232024: 2,5 milj. USD2024: EBIT −18 milj. USD20242025: 1,6 milj. USD2025: EBIT −11 milj. USD20251,6−11
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Online alcohol retail70 %

Sales of spirits and other alcohol products through the CWS Platform and related channels.

Brand-owned products15 %

Company-controlled beverage brands, including SWOL Tequila and planned wine offerings.

Membership subscriptions5 %

Vault subscription fees tied to access, perks, and platform benefits.

Marketing services10 %

Advertising and brand promotion services for beverage companies using the platform.

Tuotteet

Raportoitu · osuus liikevaihdosta
93,7%FY2024100 %
  • CWS Platform93,7 %
  • Marketing2,9 %
  • Vault1,8 %
  • SWOL Product Sales1,6 %

Lähde: 10-K FY2024, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

LQR House sells primarily to individual consumers buying alcohol online, with a focus on convenience, selection, and fast shipping. It also serves third-party alcohol brands that pay for marketing access and visibility on the CWS Platform, and it may work with wholesalers or other trade customers through its broader alcohol commerce model.

Direct-to-consumer alcohol shoppers

Buy spirits and other alcohol products on the CWS Platform for convenience, selection, and delivery.

Membership subscribers

Pay for Vault access to receive special benefits and broader platform value.

Third-party beverage brands

Use LQR House Marketing and platform access to promote products and drive sales.

Premium brand buyers

Purchase limited-edition products such as SWOL Tequila and curated wine offerings.

Strategia

LQR House is trying to combine alcohol retail, brand ownership, and marketing into one integrated platform rather than operate as a pure retailer. Its near-term focus is customer acquisition, better pricing, broader product selection, and partnerships that can lift traffic, transaction volume, and gross margin.

Customer acquisition and retentionLyhyt aikaväli

Revenue depends on repeat traffic and order volume on the platform.

Broaden product and service offeringsKeskipitkä aikaväli

A wider assortment supports higher conversion and more monetization paths.

Partnership-led growthKeskipitkä aikaväli

Third-party brands can add inventory, traffic, and marketing revenue without full vertical integration.

Maantiede

The company is headquartered in the United States and generates its core business in the U.S. market through the CWS Platform and related brand activity. SWOL Tequila is produced in Jalisco, Mexico and imported into the United States, so the business has a cross-border sourcing element even though sales are primarily U.S.-focused.

Riskit

The business remains highly dependent on customer traffic, promotional effectiveness, and the ability to convert platform visits into orders and subscriptions. It also faces going-concern and financing risk, legal and governance overhangs, and the usual regulatory and competitive pressures of alcohol e-commerce and brand marketing.

Järjestetty vakavuuden mukaan
Going-concern and liquidity riskKriittinen

The company has recurring losses and negative operating cash flow, so it needs external funding to continue operations.

Kohdistuu: Operating continuity and growth funding

Customer acquisition and traffic volatilityKorkea

Product revenue depends on order volume on cwsspirits.com, which can fall with weaker traffic or less promotion.

Kohdistuu: Direct-to-consumer sales

Legal and governance disputesKorkea

The company disclosed litigation seeking injunctive relief and damages, which can create cash, management, and reputational pressure.

Kohdistuu: Corporate governance and liquidity

Alcohol regulation and distribution complianceKorkea

Alcohol sales and shipping are heavily regulated, and compliance failures can disrupt operations or limit market access.

Kohdistuu: U.S. online alcohol retail

Supply-chain and import dependenceKeskitaso

SWOL Tequila is produced in Mexico and imported into the U.S., creating third-party and cross-border execution risk.

Kohdistuu: Product availability and margins

Kirjanpito

Harkinnanvaraiset erät
Revenue mix between product and services

Different revenue streams have different gross margins and timing, affecting comparability across quarters.

Vaikutus: Reported gross profit can change materially with mix shifts

Seasonality and promotional activity

Management disclosed lower traffic and order activity in one quarter due to seasonal fluctuations and less promotion.

Vaikutus: Quarterly revenue and margin volatility

Legal settlement expense

A disclosed $13.0 million settlement expense materially affected other income/expense and net loss.

Vaikutus: Large non-operating charge distorts period earnings

Going-concern assessment

Persistent losses and negative operating cash flow require management to assess liquidity and financing assumptions.

Vaikutus: Affects valuation of assets, liabilities, and disclosure

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026