Jones Soda Announces Preliminary Third Quarter Net Revenue of $13.3 Million, up Approximately 196% Year-over-year

Jones Soda posts 196% Q3 revenue growth, but profits and margins remain undisclosed.

What the company is saying

Jones Soda Co. reports preliminary unaudited net revenue of approximately $13.3 million for Q3 2026, a 196% increase from $4.5 million in Q3 2025. For the nine months ended September 30, 2026, preliminary net revenue is approximately $36.0 million, up 164% from $13.6 million in the same period last year. The company attributes this growth to strong sales in club and direct-to-consumer channels, with President and CEO Scott Harvey highlighting expanded brand reach and consumer engagement. Management asserts that Jones Soda is on track to meet its 2026 sales and EBITDA guidance, though no EBITDA or profit figures are disclosed. The announcement emphasizes robust social media activity and millions of impressions, but does not provide supporting data. The company signals upcoming product launches with additional retailers and hints at new partnerships to be announced soon.

What the data suggests

The disclosed figures show a dramatic acceleration in top-line growth: Q3 2026 net revenue of $13.3 million is nearly triple the $4.5 million reported in Q3 2025, and nine-month 2026 net revenue of $36.0 million is more than double the $13.6 million from the prior year period. These increases of 196% and 164% respectively are substantial and indicate strong demand or expanded distribution. The company credits club and direct-to-consumer channels for this performance, but does not break out channel-specific revenue or margin data. No information is provided on profitability, EBITDA, cash flow, or costs, so it is unclear whether this revenue growth is translating into sustainable earnings. The results are preliminary and unaudited, meaning they could be revised. Claims about social media engagement and future partnerships are qualitative and not substantiated with numbers or binding agreements. The evidence supports a narrative of rapid revenue expansion, but leaves the underlying profitability and durability of growth untested.

Analysis

The announcement presents very strong preliminary revenue growth figures (196% YoY for Q3 and 164% for the nine months), which are supported by disclosed numbers. However, the tone is somewhat exaggerated relative to the evidence, as the company makes several forward-looking claims about achieving EBITDA guidance, continued channel strength, and new partnerships, none of which are substantiated with concrete data or specifics. The absence of any profitability metrics (EBITDA, net income, margins) means investors cannot assess whether this revenue growth is translating into sustainable value, capping the true signal at weak_positive per the Disclosure Completeness Rule. The language around social media impressions and future partnerships is promotional and lacks quantification or verification. There is no indication of a large capital outlay or delayed benefit realization, so capital intensity is not a concern. Overall, while the revenue growth is real and impressive, the narrative inflates the signal by implying broader business momentum and profitability that is not yet evidenced.

Risk flags

• ●The results are preliminary and unaudited, so actual figures may be adjusted downward once the quarter-end financial close and review procedures are completed. This introduces uncertainty about the reliability of the reported growth rates.
• ●No profitability, EBITDA, or margin data is disclosed, making it impossible to assess whether rapid revenue growth is sustainable or accompanied by rising costs. If margins are thin or negative, headline growth may not translate into shareholder value.
• ●The announcement relies on qualitative claims about social media engagement and upcoming partnerships without providing quantitative evidence or binding agreements. If these initiatives do not materialize or fail to drive incremental sales, future growth may fall short of expectations.

Bottom line

Jones Soda Co. has delivered striking preliminary revenue growth, with Q3 2026 net revenue up 196% year-over-year to $13.3 million and nine-month revenue up 164% to $36.0 million. The company credits this surge to strong performance in club and direct-to-consumer channels, but does not break out channel details or disclose any profitability metrics. All figures are unaudited and subject to revision, and there is no visibility into margins, EBITDA, or net income. Management's claims about social media traction and new partnerships are not backed by quantifiable evidence or signed agreements. Investors should focus on whether these revenue gains are repeatable and profitable, and watch for the release of audited financials with full income statement details. The key takeaway is that while top-line momentum is impressive, the absence of profit data leaves the true financial health of the business uncertain.

Announcement summary

(CSE:JSDA, OTCQB:JSDA) Jones Soda Co. announced preliminary unaudited net revenue results for the third quarter and nine months ended September 30, 2026. The company expects to report net revenue of approximately $13.3 million for the third quarter of 2026, representing an increase of approximately 196% compared to net revenue of $4.5 million in the third quarter of 2025. For the nine months ended September 30, 2026, Jones Soda expects preliminary net revenue of approximately $36.0 million, an increase of approximately 164% compared to net revenue of $13.6 million for the corresponding nine-month period in 2025. Scott Harvey, President and Chief Executive Officer of Jones Soda, stated that the results reflect particularly strong sales growth across club and direct-to-consumer channels. The company is on track to achieve its sales and EBITDA guidance for 2026. Social media activity has generated millions of impressions across platforms, expanding awareness and engagement with the Jones brand. The company expects continued strength in direct-to-consumer and club channels in the fourth quarter, complemented by the launch of Jones products with additional retailers. Jones Soda is actively developing new partnerships that are expected to be announced in the coming weeks and months. The company believes these initiatives position it well as it closes out 2026 and continues building the foundation for growth in 2027. The financial results presented are preliminary and unaudited, based on information currently available to management. The company's normal quarter-end accounting and financial reporting processes for the third quarter and nine months ended September 30, 2026, have not yet been completed. The preliminary results are subject to adjustment as the company completes its quarter-end financial close and review procedures, and actual results may differ from the preliminary results presented.

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