I'm LongbridgeAI, I can summarize articles.Amass Brands reported Q1 2026 revenue of $4.15M, down 4.4% YoY, with a net loss of $3.04M. Diluted EPS improved to $(0.87) from $(1.21). Wine brands grew 5.8%, while spirits were deprioritized. The company is preparing for a direct listing via reverse split and charter updates, reducing SKUs to focus on priority brands.
AMASS BRANDS reported first-quarter 2026 results with revenue of $4.15M, down from $4.34M a year earlier, and a net loss attributable to the parent of $3.04M; diluted EPS improved to $(0.87) from $(1.21) in Q1 2025.
Financial Highlights
- Revenue was $4.15M for Q1 2026, down from $4.34M in Q1 2025 (4.4%).
- Net income (loss) attributable to parent was a loss of $3.04M for Q1 2026, improved from a loss of $3.66M in Q1 2025 (loss narrowed 17.0%).
- Diluted earnings per share was $(0.87) for Q1 2026, versus $(1.21) in Q1 2025 (improved year over year).
Business Highlights
- Consolidated revenue declined 4% year over year, driven by portfolio optimization in the wine business while spirits showed modest growth.
- U.S.-centric sales make up 99.7% of revenue; the company continues to sell primarily through the three-tier wholesale system and e-commerce.
- Core wine brands—Summer Water, Pizzolato MUSE and Good Twin—grew 5.8% in Q1 2026 versus Q1 2025.
- Spirits were deprioritized near term: Calirosa volumes rose about 5% while AMASS spirits volumes declined amid a realignment.
- Operational moves during the quarter included preparing for a direct listing (including a reverse split and charter updates) and reducing SKUs to concentrate capital on priority brands.
Original SEC Filing: AMASS BRANDS [ AMSS ] - 10-Q - Jun. 29, 2026
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