# SPLASH BEVERAGE GROUP, INC.

> Clarifo company profile — qualitative business description generated from
> the company's filings. Financial statements, charts and ratios are
> available on Clarifo (https://www.clarifo.com/fi/companies/SPLASH BEVERAGE GROUP, INC.).

## Overview

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.

## Products & services

• Branded beverage sales
• Qplash e-commerce distribution
• B2B office and facility delivery
• B2C direct-to-consumer beverage delivery
• Brand acquisition and incubation
• Water rights-based bottled water development

- **Branded beverage sales** (45%) — Sales of owned or controlled beverage brands through distribution channels.
- **Qplash e-commerce distribution** (35%) — Vertically integrated online distribution platform for beverage delivery.
- **Alcoholic beverages** (10%) — Alcoholic beverage products, including Chispo tequila in the U.S. and select international markets.
- **Water assets and bottled water** (10%) — Water extraction rights and planned bottling and sale of drinking water.

- Branded beverage sales
- Qplash e-commerce distribution
- B2B office and facility delivery
- B2C direct-to-consumer beverage delivery
- Brand acquisition and incubation
- Water rights-based bottled water development

## Customers

Splash sells to distributors, retailers, brokers, and end customers through its own e-commerce channel. Its customer base includes B2B buyers such as offices, facilities, and boutique retail accounts, as well as B2C consumers ordering direct to home. The company also targets international buyers for specific beverage and water offerings when supply and capital allow.

- **Distributors** (primary) — Buy beverage inventory for onward resale and channel reach.
- **Retailers and boutique stores** (primary) — Purchase branded beverages for shelf placement and local consumer demand.
- **B2B office and facility customers** (secondary) — Order beverages directly through Qplash for workplace and facility delivery.
- **B2C consumers** (secondary) — Buy beverages online for home delivery through the Qplash platform.
- **International buyers** (emerging) — Purchase selected beverage and water products in export or cross-border markets.

- Distributors that place beverage orders for resale
- Retailers and boutique stores seeking branded beverages
- B2B buyers ordering for offices and facilities
- B2C consumers using direct-to-consumer delivery
- International customers for select beverage and water orders

## Geography

Splash’s core market is the United States, where it distributes beverage brands and operates Qplash. The company also describes expansion into selected international markets, including alcoholic beverage sales in certain overseas markets and a water order tied to the United Arab Emirates. Its Costa Rica water rights add a production and sourcing footprint outside the U.S.

- 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

## Strategy

Splash’s strategy is to acquire or incubate beverage brands with growth potential and push them through its own distribution system. It is also building a more vertically integrated model around Qplash, direct-to-consumer delivery, and water assets that can be bottled and sold through third-party logistics and channel partners.

- **Build and scale Qplash distribution** (short-term) — Direct digital distribution can improve reach to B2B and B2C buyers.
- **Acquire and develop beverage brands** (medium-term) — Owned brands can create a broader portfolio and more control over margins and channels.
- **Commercialize water assets** (medium-term) — Water rights create a new product line with export potential if capital and infrastructure are secured.

- Acquire under-valued beverage brands with growth potential
- Use Qplash to connect brands directly to buyers
- Expand from U.S. distribution into selected international markets
- Develop Chispo tequila supply and market access
- Monetize Costa Rica water rights through bottling and export

## Risks

Splash’s business depends on access to inventory, working capital, and reliable third-party manufacturing and logistics, so supply interruptions can quickly limit sales. Its revenue is also exposed to distributor ordering patterns, product quality and contamination risk, and execution risk around acquisitions and new market launches. As a beverage company with multiple channels and product types, it also faces standard risks around inventory valuation, customer credit, and revenue recognition judgments.

- **Working capital and inventory availability** [high] — Sales depend on having inventory to fill distributor and e-commerce orders.
- **Distributor demand variability** [high] — Customers are not required to place minimum orders, making revenue timing uncertain.
- **Third-party manufacturing and logistics dependence** [high] — The company relies on outside vendors for production, bottling, and delivery.
- **Product contamination and brand damage** [high] — Quality issues can reduce demand, trigger liability claims, and harm consumer trust.
- **Acquisition and expansion execution** [medium] — Brand acquisitions and international expansion may not produce expected results.

- Limited capital can constrain inventory purchases and sales volume
- Distributor orders are not guaranteed or minimum-based
- Third-party vendors create execution and quality-control risk
- Contamination or counterfeit products could damage brands
- Acquisitions and divestitures may distract management and fail
- New international markets add regulatory and logistics complexity

## Accounting

Revenue recognition is judgmental because the company sells through multiple channels with returns, allowances, promotions, and distributor sell-through considerations. Inventory valuation is also important because beverage products can become excess, obsolete, or impaired if demand or funding is weak. Fair value measurements and equity-linked financing transactions may materially affect reported results because the company has issued preferred stock, warrants, and convertible instruments.

- **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.

- Revenue timing depends on control transfer and distributor sell-through
- Returns, allowances, and trade promotions affect reported sales
- Inventory must be tested for lower of cost or net realizable value
- Fair value estimates matter for preferred stock, warrants, and notes
- Allowance for doubtful accounts depends on customer collectability

---

*Last updated: 2026-04-29T04:56:14.799187+00:00*