Revenue growth remains deeply negative, evidenced by a 48.1% contraction in 2026Q1, while gross margins have failed to stabilize, reaching a low of -27.3% in 2024Q2.
| Sales/Revenue | 1.36M | 1.56M | 2.5M | 1.12M | 601.13K | 315.29K |
| Revenue Growth % | -44.56% | -37.45% | 123.24% | 86.42% | 90.66% | - |
| Cost of Goods Sold | 1.26M | 1.4M | 2.81M | 915.6K | 803.14K | 677.45K |
| COGS % of Revenue | - | 89.18% | 112.52% | 81.7% | 133.61% | 214.86% |
| Gross Profit | 99.88K | 169.3K | -313.18K | 205.02K | -202.01K | -362.15K |
| Gross Margin % | 7.35% | 10.82% | -12.52% | 18.3% | -33.61% | -114.86% |
| Gross Profit Growth % | - | 154.06% | -252.75% | 201.49% | 44.22% | - |
| Operating Expenses | 12.04M | 11.6M | 18.17M | 15.78M | 1.64M | 1.6M |
| OpEx % of Revenue | - | 741.17% | 726.48% | 1408.3% | 272.85% | 507.65% |
| Selling, General & Admin | 12.05M | 11.6M | 18.17M | 13.91M | 1.64M | 1.6M |
| SG&A % of Revenue | - | 741.17% | 726.48% | 1240.98% | 272.85% | 507.65% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - |
| Other Operating Expenses | -17.03K | 0 | 0 | 1.88M | 0 | 0 |
| Operating Income | -11.94M | -11.43M | -18.49M | -15.58M | -1.84M | -1.96M |
| Operating Margin % | -878.9% | -730.35% | -739% | -1390.01% | -306.45% | -622.51% |
| Operating Income Growth % | - | 38.18% | -18.69% | -745.56% | 6.14% | - |
| EBITDA | -24.92M | -11.39M | -22.75M | -15.37M | -1.59M | -1.8M |
| EBITDA Margin % | -1834.92% | -728.05% | -909.56% | -1371.42% | -264.86% | -569.65% |
| EBITDA Growth % | -9.34% | 49.93% | -48.06% | -865.25% | 11.35% | - |
| D&A (Non-Cash Add-back) | 17.03K | 36.02K | 0 | 208.33K | 250K | 166.67K |
| EBIT | -24.94M | -11.43M | -22.75M | -15.58M | -1.84M | -1.96M |
| Net Interest Income | 0 | 0 | 0 | -171K | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 171K | 0 | 0 |
| Other Income/Expense | -12.11M | -14.09M | -4.27M | -171K | 0 | 0 |
| Pretax Income | -24.05M | -25.52M | -22.75M | -15.75M | -1.84M | -1.96M |
| Pretax Margin % | -1770.62% | -1631.02% | -909.56% | -1405.27% | -306.45% | -622.51% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -24.05M | -25.52M | -22.75M | -15.75M | -1.84M | -1.96M |
| Net Margin % | -1770.62% | -1631.02% | -909.56% | -1405.27% | -306.45% | -622.51% |
| Net Income Growth % | -5.86% | -12.17% | -44.49% | -754.84% | 6.14% | - |
| Net Income (Continuing) | -24.05M | -25.52M | -22.75M | -15.75M | -1.84M | -1.96M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -3.30 | -3.51 | -4.22 | -3.40 | -0.44 | -0.47 |
| EPS Growth % | 25.24% | 16.82% | -24.12% | -672.73% | 6.38% | - |
| EPS (Basic) | - | -3.51 | -4.22 | -3.40 | -0.44 | -0.47 |
| Diluted Shares Outstanding | 7.28M | 7.28M | 5.39M | 4.63M | 4.18M | 4.18M |
| Basic Shares Outstanding | 7.28M | 7.28M | 5.39M | 4.63M | 4.18M | 4.18M |
| Dividend Payout Ratio | - | - | - | - | - | - |
Unsustainable cash burn rate
As reported in recent financial filings, LQR House experienced a 37.45% year-over-year revenue decline, reflecting a significant loss of momentum in its direct-to-consumer e-commerce platform and a failure of its premium spirit brands to achieve the necessary market penetration to sustain historical top-line growth levels.
The consistent downward trend in quarterly revenue suggests that the company's current customer acquisition strategy is failing to convert traffic into meaningful sales volume. Investors should monitor whether this decline is a result of broader market weakness or a specific loss of competitive relevance for the CWSpirits platform.
Based on the company's reported figures, gross margins have fluctuated wildly, reaching a low of -27.3% in 2024Q2 and failing to maintain a consistent positive profile, which indicates that the firm lacks the pricing power required to offset high fulfillment and third-party logistics costs.
The inability to secure stable, positive gross margins suggests that the 'premium' branding of the company's spirit labels is not currently supported by the underlying economics of the business. This volatility implies that the cost of goods sold is highly sensitive to external logistics and production variables that management has yet to effectively control.
According to the income statement data, SG&A expenses continue to dwarf total revenue, with the company consistently spending millions per quarter on overhead and marketing despite a shrinking top line, which highlights a severe lack of expense discipline relative to the current scale of operations.
The persistent gap between operating expenses and revenue suggests that the company is attempting to scale its digital infrastructure without achieving the necessary operating leverage. This cost structure appears unsustainable and warrants further investigation into whether management has a viable plan to rationalize these expenditures before the cash runway is exhausted.
As evidenced by the provided financial statements, the company's net income is characterized by extreme volatility and significant quarterly losses, with stock-based compensation and other non-operating items creating noise that obscures the underlying reality of a business model that is currently unable to generate positive cash flow.
The erratic nature of the net income figures, including massive quarterly swings, suggests that the reported earnings are not representative of core operational performance. Investors should be wary of the impact of non-cash charges and the potential for future inventory write-downs if the current product mix fails to move through the distribution channel.
While the market may view the CWSpirits platform as a potential acquisition target, the financial data suggests a more concerning reality where the company functions as a distressed retailer with high digital overhead and no clear path to achieving the scale required for long-term operational viability.
Short-sellers would likely focus on the rapid depletion of cash reserves and the failure of the company to demonstrate any meaningful improvement in its unit economics. The current valuation appears to rely on the hope of a strategic exit rather than the fundamental strength of the business, which remains highly speculative.
Quick answers to the most common questions about buying YHC stock.
For fiscal year 2025, LQR House Inc. (YHC) reported total revenue of $1.6M. This represents a 396.3% increase compared to $0.3M in 2021.
LQR House Inc. (YHC) reported a net loss of $25.5M for the fiscal year ending 2025.
LQR House Inc. (YHC) reported an operating income of $-11.4M, resulting in an operating profit margin of -730.3%. This margin reflects the operational efficiency of the business before interest and taxes.
LQR House Inc. (YHC) generated $0.2M in gross profit for the year, representing a gross profit margin of 10.8%. This demonstrates the company's core pricing power and production efficiency.