SRXHNYSEBeveragesUS GAAP · USD

SRX Global Inc.

SRX Global Inc. is a U.S.-based consumer products company centered on premium and super-premium pet food and wellness products sold under the Halo brand. Its business is organized around digital, international, and brick-and-mortar channels, with product distribution spanning wholesale and retail relationships.

Liikevaihto6,5milj. USD
−81,3 %v/v
Liikevoitto (EBIT)−11,4milj. USD
−91,2 %v/v
EBIT-marginaali−174,6%
−157,5 %-yks.v/v
Nettotulos−45,0milj. USD
−26 689,3 %v/v
Vapaa kassavirta−8,1milj. USD
−85,2 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−40−200204060milj. USD2020: 43 milj. USD2020: EBIT −27 milj. USD20202021: 46 milj. USD2021: EBIT −17 milj. USD20212022: 55 milj. USD2022: EBIT −39 milj. USD20222023: 39 milj. USD2023: EBIT −21 milj. USD20232024: 35 milj. USD2024: EBIT −6,0 milj. USD20242025: 6,5 milj. USD2025: EBIT −11 milj. USD20256,5−11
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Pet food80 %

Premium and super-premium pet food products sold under the Halo brand.

Pet wellness products20 %

Health and wellness-oriented products for companion animals.

Asiakkaat

The company sells to pet owners through digital, international, and physical retail channels, with wholesale customers also playing an important role in online sales. Its products are aimed at buyers seeking premium pet nutrition and wellness offerings rather than commodity pet food. International customers and retail partners expand reach beyond direct-to-consumer demand.

Digital wholesale customers

Wholesale buyers purchasing through the digital channel for resale or distribution of Halo products.

International customers

Overseas buyers and distributors purchasing Halo products for non-U.S. markets.

Brick-and-mortar retail customers

Physical retail partners and shoppers buying pet food and wellness products in stores.

Pet owners

End consumers buying premium pet food and wellness products for companion animals.

Strategia

The company’s stated direction is to expand omnichannel distribution, strengthen its independent distributor network, and introduce innovation across core product lines. It also emphasizes supply chain improvement, portfolio efficiency, and tighter working-capital discipline to support a more scalable consumer products platform.

Omnichannel expansionLyhyt aikaväli

Broader channel coverage increases access to pet owners and retail partners.

Product innovationKeskipitkä aikaväli

New and improved products help defend brand relevance in premium pet care.

Supply chain and portfolio efficiencyKeskipitkä aikaväli

Lower complexity and better sourcing support scalable operations.

Working capital disciplineLyhyt aikaväli

Inventory and cash conversion are important in a branded consumer goods model.

Maantiede

Q1/2026

The company is headquartered in the United States and sells through domestic and international channels. Its operating footprint includes cross-border distribution for Halo products, with international sales representing a meaningful part of the business mix. The company also references a broader North American specialty healthcare legacy, but current continuing operations are focused on pet health and wellness.

USA85 %
Asia9,9 %
Kanada4,8 %

Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.

Riskit

The business depends on maintaining demand for premium pet products while managing inventory, promotions, and channel relationships. It also faces typical consumer-products risks such as competition, supply chain disruption, customer concentration, and product returns, while its historical healthcare-related disclosures highlight technology, continuity, and data-security sensitivities in the broader corporate structure.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Supply chain and continuity disruption3Technology and data security4Competitive pressure5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Inventory mismanagement and demand forecasting errorsVaikutus: Korkea

    Pet product demand can shift with consumer tastes, leaving excess or obsolete stock.

    Kohdistuu: Pet food and wellness inventory

  2. Customer and channel concentrationVaikutus: Korkea

    A small number of wholesale or international customers can represent a large share of sales.

    Kohdistuu: Digital and international channels

  3. Supply chain and continuity disruptionVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Manufacturing, logistics, or supplier issues can interrupt product availability.

    Kohdistuu: Sourcing and distribution

  4. Technology and data securityVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Legacy disclosures indicate reliance on IT systems and sensitive customer data handling.

    KohdistuuSystemsPrivacyCyber risk
  5. Competitive pressureVaikutus: KeskitasoTodennäköisyys: Matala

    Larger pet food brands can outspend the company on pricing, distribution, and marketing.

    Kohdistuu: Premium pet food category

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition and sales deductions

Net sales are reduced by promotions, discounts, and incentives, affecting reported revenue quality.

Vaikutus: Reported revenue and gross margin

Product return reserves

Expected returns are estimated from history and can change with customer behavior.

Vaikutus: Net sales and liabilities

Share-based compensation

Fair value estimates at grant date affect operating expense recognition.

Vaikutus: Operating expenses and equity

Goodwill and intangible asset impairment

Future impairment charges could arise if expected cash flows or market values weaken.

Vaikutus: Non-cash charges and equity

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026

SRX Global Inc. (NYSE) – Beverages | Analyysi – Clarifo