VPRB VPR Brands, LP.

Overview and Growth

Fiscal 2025 results for VPR Brands, LP. combined $3.62M of revenue with net loss of $1.20M and an operating cash outflow of $1.12M. Revenue of $3.62M sets the scale for evaluating how effectively sales translated into profit and cash during the year. Compared with $5.68M in fiscal 2024, revenue decreased 36.3%, a top-line contraction that reduced operating scale. On a per-share basis, diluted EPS was -$0.01, which connects the reported earnings outcome with the company’s diluted share count. The diluted weighted-average share count was 91.75M, linking total earnings with the per-share result received by shareholders. The diluted share count was 2.1% higher than fiscal 2024, when diluted shares averaged 89.83M, adding context to the EPS comparison. The company employed $1.59M of total assets, the balance-sheet base supporting its current operating and cash-flow results. The revenue-to-assets relationship was 2.27x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

The first profit layer was $1.04M of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. Gross margin was 28.7%, so that share of each revenue unit remained after the cost of revenue reported for the period. The company recorded an operating loss of $1.46M after the reported operating expense base. The operating loss equaled 40.4% of revenue, showing the scale of the operating deficit relative to sales. After all below-operating-line items, the company recorded a net loss of $1.20M for the fiscal year. Measured against revenue, the bottom-line deficit represented 33.1% after all recognized items. Before income taxes, the company recorded a loss of $1.60M, bridging the operating result to the final net loss. Measured against revenue, the pretax deficit represented 44.3%. The reported tax benefit was $406.41K, favorably bridging the pretax and after-tax results. Relative to total assets, the net loss represented 75.1%. Compared with a $143.22K net loss in fiscal 2024, the current loss increased to $1.20M.

Liquidity and Capital Structure

Total assets were $1.59M, supported by $2.07M of liabilities and -$477.90K of shareholder equity. Equity was negative at -$477.90K, meaning liabilities exceeded the residual book value available to shareholders and weakening balance-sheet resilience. At period end, current assets of $1.09M compared with current liabilities of $1.90M, defining the company’s short-term resource position. The current ratio was 0.57x; current liabilities exceeded current assets, leaving a short-term liquidity deficit. Cash and equivalents totaled $125.34K, identifying the most liquid reported component available within the broader current-asset balance. Cash and equivalents represented 6.6% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. The equity-to-assets relationship was -30.0%, placing book capital against the total resource base. Relative to total assets, liabilities measured 130.0%, complementing the separate equity-based view of the company’s capital structure. The cash-to-assets relationship was 7.9%, comparing reported cash and equivalents with the full positive asset balance. Compared with $2.75M in fiscal 2024, the current asset base moved 42.1% and finished lower. Against $718.28K of equity in fiscal 2024, the current book-equity balance moved 166.5% and ended lower. The reported cash balance changed 91.2% from $1.42M in fiscal 2024, ending lower year over year.

Cash Flow and Earnings Quality

Cash flow from operations was an outflow of $1.12M, showing that operations absorbed cash during the period. Operating cash flow moved from a $274.09K inflow in fiscal 2024 to a $1.12M outflow.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.