REBN · Reborn Coffee, Inc.
Reborn Coffee, Inc., through its subsidiaries, operates and franchises retail locations, kiosks, and cafes that focus on serving specialty-roasted coffee in North America and Asia. It purchases, roasts, and sells coffee, tea and other beverages, and various food items. It offers products in various form factors, such as whole bean roasted coffee bags, single-serve drip bags, pour over packs, and cold brew concentrates. The company also offers its products online. Reborn Coffee, Inc. was founded in 2014 and is headquartered in Brea, California.
Cap structure and valuation
| Cap structure | |
|---|---|
| SP | $1.34 |
| SO | 8.2M |
| Options | 0.0M |
| Warrants | 0.0M |
| FD SO | 8.2M |
| MC | $11.0M |
| Cash | $0.3M |
| Total debt | $0.5M |
| EV | $11.2M |
| TTM Multiples | |
|---|---|
| EV / Revenue | 1.0x |
| EV / EBITDA | — |
| MC / Net Income | — |
| EV / FCF | — |
| MC / FCF | — |
| Ownership & coverage | |
|---|---|
| Institutional | 12.0% |
| Insiders | 40.0% |
| # Institutions | 5 |
| Analysts | 0 |
| Consensus | — |
| Avg target | — |
| Short % float | 1.5% |
| Days to cover | 2.27 |
MC = SP × FD SO. EV = MC + Debt − Cash. SP = previous yfinance close. Balance-sheet figures as of 2026-05-22. Multiples use TTM (sum of last 4 quarters); shown as "—" when the denominator is zero or negative, or when fewer than four quarters are reported — a partial sum is not a trailing twelve months. Ownership & coverage per Yahoo Finance as of 2026-08-07 — institutional % is 13F-based, so it can lag a quarter and exceed 100% on share-count timing. Short interest per FINRA bi-monthly reporting, as of 2026-07-15; the float denominator can be unreliable on tiny floats.
Financial statements
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Total Revenue | 5.21 | 3.21 | 1.36 | 1.83 |
| Revenue YoY % | 207.8% | 80.5% | 7.8% | 33.6% |
| Cost of Revenue | 2.59 | — | — | — |
| Gross Profit | 2.62 | — | — | — |
| Gross Profit YoY % | 1364.3% | — | — | — |
| Gross Margin % | 50.3% | — | — | — |
| SG&A | 2.44 | 1.24 | 2.23 | 2.46 |
| Operating Expense | 3.49 | — | — | — |
| Operating Income | (0.87) | 3.36 | (3.05) | (4.41) |
| Operating Income YoY % | 48.6% | 298.3% | (320.6%) | (229.5%) |
| Operating Margin % | (16.7%) | 104.6% | (224.7%) | (240.2%) |
| EBITDA | (0.64) | 3.59 | (2.98) | (4.32) |
| EBITDA Margin % | (12.2%) | 111.9% | (219.4%) | (235.7%) |
| Interest Expense | 0.02 | (1.26) | 0.57 | 0.67 |
| Other Income / (Expense) | (0.60) | (2.67) | — | — |
| Pretax Income | (1.49) | 1.95 | (3.45) | (5.34) |
| Tax Provision | — | 0.11 | 0.00 | 0.00 |
| Net Income | (1.49) | 1.84 | (3.45) | (5.34) |
| Net Income to Common | (1.83) | 1.84 | (3.45) | (5.34) |
| Net Margin % | (28.7%) | 57.3% | (254.3%) | (291.0%) |
| Diluted EPS | — | $0.43 | -$0.68 | -$1.15 |
| Basic EPS | — | $0.43 | -$0.68 | -$1.15 |
| Diluted Avg Shares | — | — | 5.1 | 4.6 |
| Basic Avg Shares | — | — | 5.1 | 4.6 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Total Revenue | 11.61 | 8.09 | 5.93 | 5.51 | 3.24 |
| Revenue YoY % | 43.5% | 36.5% | 7.6% | 70.0% | — |
| Cost of Revenue | — | 0.65 | 0.14 | 0.11 | 0.02 |
| Gross Profit | 9.89 | 7.44 | 5.79 | 5.40 | 3.22 |
| Gross Profit YoY % | 32.8% | 28.7% | 7.1% | 68.0% | — |
| Gross Margin % | 85.1% | 92.0% | 97.6% | 98.1% | 99.2% |
| SG&A | 8.37 | 7.75 | 6.86 | 8.16 | 5.66 |
| Operating Expense | — | 13.24 | 10.41 | 9.95 | 6.76 |
| Operating Income | (4.97) | (5.79) | (4.62) | (4.54) | (3.54) |
| Operating Income YoY % | 14.2% | (25.4%) | (1.7%) | (28.3%) | — |
| Operating Margin % | (42.8%) | (71.6%) | (77.9%) | (82.5%) | (109.3%) |
| EBITDA | (4.34) | (5.34) | (4.23) | (4.28) | (3.33) |
| EBITDA Margin % | (37.4%) | (66.0%) | (71.3%) | (77.7%) | (102.8%) |
| Interest Expense | (0.00) | 0.16 | 0.22 | 0.13 | 0.03 |
| Other Income / (Expense) | (3.37) | (2.95) | — | — | — |
| Pretax Income | (8.33) | (8.90) | (4.81) | (4.72) | (3.55) |
| Tax Provision | — | 0.11 | 0.00 | 0.01 | 0.00 |
| Net Income | (8.44) | (9.01) | (4.81) | (4.73) | (3.55) |
| Net Income to Common | (8.78) | (9.14) | (4.81) | (4.73) | (3.55) |
| Net Margin % | (72.7%) | (111.3%) | (81.1%) | (85.8%) | (109.7%) |
| Diluted EPS | — | -$1.73 | -$1.66 | -$2.86 | -$0.29 |
| Basic EPS | — | -$1.73 | -$1.66 | -$2.86 | -$0.29 |
| Diluted Avg Shares | — | 5.3 | 2.9 | 1.7 | 12.2 |
| Basic Avg Shares | — | 5.3 | 2.9 | 1.7 | 12.2 |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Cash & Equivalents | 0.27 | 2.59 | 0.04 | 0.08 |
| Receivables | 1.22 | 0.95 | 0.15 | 0.07 |
| Inventory | 0.12 | 0.06 | 0.20 | 0.20 |
| Other Current Assets | 6.22 | 3.28 | — | 0.54 |
| Total Current Assets | 7.82 | 6.88 | 0.67 | 0.89 |
| Net PPE | 2.65 | 2.89 | 3.44 | 3.20 |
| Operating Lease ROU | 2.16 | 2.16 | 1.89 | 2.10 |
| Other Assets | 1.52 | 1.25 | — | — |
| Total Assets | 14.15 | 13.18 | 6.20 | 6.38 |
| Accounts Payable | 0.65 | 0.56 | 0.90 | 0.75 |
| Current Lease Liabilities | 0.80 | 0.88 | 0.79 | 0.85 |
| Other Current Liabilities | 7.36 | 5.25 | 6.26 | 4.86 |
| Total Current Liabilities | 8.81 | 6.69 | 7.95 | 6.46 |
| Long-term Debt | 0.50 | 0.50 | 0.50 | 0.50 |
| Long-term Lease Liabilities | 1.42 | 1.35 | 1.17 | 1.32 |
| Total Liabilities | 10.71 | 8.54 | 9.62 | 8.28 |
| Retained Earnings | (32.53) | (30.70) | (32.54) | (29.09) |
| Total Equity | 3.45 | 4.65 | (3.42) | (1.91) |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Cash & Equivalents | 0.27 | 2.59 | 0.16 | 0.16 | 3.02 |
| Receivables | 1.22 | 0.95 | 0.07 | 0.06 | 0.00 |
| Inventory | 0.12 | 0.06 | 0.17 | 0.19 | 0.13 |
| Other Current Assets | 6.22 | 3.28 | — | — | — |
| Total Current Assets | 7.82 | 6.88 | 0.86 | 0.77 | 3.63 |
| Net PPE | 2.65 | 2.89 | 4.08 | 3.49 | 1.58 |
| Operating Lease ROU | 2.16 | 2.16 | 2.65 | 4.57 | 3.01 |
| Other Assets | 1.52 | 1.25 | — | — | — |
| Total Assets | 14.15 | 13.18 | 7.79 | 9.25 | 8.46 |
| Accounts Payable | 0.65 | 0.56 | 0.56 | 0.63 | 0.09 |
| Current Debt | — | — | — | — | 0.03 |
| Current Lease Liabilities | 0.80 | 0.88 | 0.84 | 1.00 | 0.62 |
| Other Current Liabilities | 7.36 | 5.25 | 1.38 | 2.19 | — |
| Total Current Liabilities | 8.81 | 6.69 | 2.78 | 3.82 | 1.07 |
| Long-term Debt | 0.50 | 0.50 | 0.50 | 0.50 | — |
| Long-term Lease Liabilities | 1.42 | 1.35 | 1.91 | 3.73 | 2.53 |
| Other Liabilities | — | — | — | — | 0.57 |
| Total Liabilities | 10.71 | 8.54 | 5.19 | 8.41 | 4.17 |
| Retained Earnings | (32.53) | (30.70) | (21.56) | (16.76) | (12.03) |
| Total Equity | 3.45 | 4.65 | 2.60 | 0.85 | 4.29 |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Net Income | (1.49) | 1.84 | (3.45) | (5.34) |
| D&A | 0.24 | 0.23 | 0.07 | 0.08 |
| Stock-Based Comp | 0.29 | (2.51) | 1.33 | 2.67 |
| Δ Working Cap & Other | 1.33 | (1.27) | 0.43 | (1.05) |
| Operating Cash Flow | 0.36 | (1.71) | (1.62) | (3.64) |
| CapEx | (0.14) | 0.03 | 0.00 | — |
| Other Investing | (3.14) | (3.20) | — | — |
| Investing Cash Flow | (3.28) | (3.17) | 0.00 | 0.19 |
| Stock Issuance | — | 8.28 | 0.00 | — |
| Other Financing | 0.59 | (0.85) | 1.59 | 2.75 |
| Financing Cash Flow | 0.59 | 7.43 | 1.59 | 2.75 |
| Free Cash Flow | 0.22 | (1.68) | (1.62) | — |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Net Income | (8.44) | (9.01) | (4.81) | (4.73) | (3.55) |
| D&A | 0.63 | 0.45 | 0.39 | 0.26 | 0.21 |
| Stock-Based Comp | 1.78 | 1.48 | 0.79 | 0.28 | 0.44 |
| Δ Working Cap & Other | (0.57) | 0.57 | 0.18 | 1.00 | (0.39) |
| Operating Cash Flow | (6.61) | (6.51) | (3.45) | (3.18) | (3.30) |
| CapEx | — | (0.05) | (1.11) | (2.41) | (0.68) |
| Other Investing | (6.26) | (2.92) | — | — | — |
| Investing Cash Flow | (6.26) | (2.98) | (0.98) | (2.41) | (0.68) |
| Debt Issuance | — | — | — | — | 7.20 |
| Debt Repayment | — | — | — | (0.05) | (0.02) |
| Stock Issuance | — | 8.38 | 4.28 | — | 7.20 |
| Other Financing | 12.35 | 3.54 | — | 2.78 | (8.29) |
| Financing Cash Flow | 12.35 | 11.92 | 4.42 | 2.74 | 6.09 |
| Free Cash Flow | — | (6.56) | (4.56) | (5.59) | (3.98) |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Current Ratio | 0.89 | 1.03 | 0.08 | 0.14 |
| Quick Ratio | 0.87 | 1.02 | 0.06 | 0.11 |
| Debt / Equity | 3.11 | 1.84 | -2.81 | -4.35 |
| EBITDA Margin % | (12.2%) | 111.9% | (219.4%) | (235.7%) |
| Working Capital | (0.99) | 0.19 | (7.29) | (5.58) |
| Net Debt | 0.23 | (2.09) | 0.46 | 0.42 |
| ROE % | (43.3%) | 39.6% | 100.8% | 280.3% |
| ROA % | (10.6%) | 14.0% | (55.7%) | (83.7%) |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Current Ratio | 0.89 | 1.03 | 0.31 | 0.20 | 3.40 |
| Quick Ratio | 0.87 | 1.02 | 0.25 | 0.15 | 3.28 |
| Debt / Equity | 3.11 | 1.84 | 1.99 | 9.93 | 0.97 |
| EBITDA Margin % | (37.4%) | (66.0%) | (71.3%) | (77.7%) | (102.8%) |
| Working Capital | (0.99) | 0.19 | (1.92) | (3.06) | 2.56 |
| Net Debt | 0.23 | (2.09) | 0.34 | 0.34 | — |
| ROE % | (245.1%) | (193.9%) | (184.6%) | (558.3%) | (82.9%) |
| ROA % | (59.7%) | (68.3%) | (61.7%) | (51.1%) | (42.0%) |
Insider activity (last 2 years)
| Date Filed | Reporter | Relationship | Trans. Date | Code | Shares | Price | Total Value |
|---|---|---|---|---|---|---|---|
| 2026-08-06 | Lim Jung Jae | Director, Officer (CEO and Interim CFO) | 2026-07-14 | P | 131,387 | $180,000.00 | $23,649,660,000 |
| 2025-02-21 | Lee Scott | 10% Owner | 2025-02-20 | S | (49,000) | — | $-0 |