OTC · Beverages · Fiscal year endsFY ends March

Alkaline Water Company Inc

WTER

$0.030.00 (-10.00%)At close, Nov 1

52-week low $0.01high $0.22

87.7% below its 52-week high

Next earningsNov 12, 2026

Revenue by fiscal year, $ millions

115x over the years shown (FY14–FY23)

Fiscal years · gold is the latest

0.6

FY14

3.7

FY15+570%

7.1

FY16+92%

12.8

FY17+80%

19.8

FY18+55%

32.2

FY19+63%

38.4

FY20+19%

46.1

FY21+20%

54.8

FY22+19%

63.8

FY23+16%

Ten years, as filed

Income, cash flow and balance sheet

$ millions · gold is the latest

$ millions	FY14	FY15	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23
Income
Revenue	0.55	3.70	7.09	12.76	19.81	32.20	38.43^†	46.07	54.77^†	63.78
Revenue growth	—	+570%	+92%	+80%	+55%	+63%	+19%	+20%	+19%	+16%
Gross margin	25.5%	31.6%	37.5%	42.4%	41.0%	40.2%	34.1%	35.7%	17.2%	18.3%
Operating income	—	-6.91	-7.48	-2.54	-5.93	-8.06	-14.38	-15.83	-39.00	-22.03
Operating margin	—	-186.8%	-105.5%	-19.9%	-29.9%	-25.0%	-37.4%	-34.4%	-71.2%	-34.5%
Net income	-4.23	-7.14	-8.28	-3.45	-6.69	-8.62	-14.83	-16.41	-39.58	-27.41
Net margin	-765.2%	-192.9%	-116.8%	-27.1%	-33.8%	-26.8%	-38.6%	-35.6%	-72.3%	-43.0%
Cash flow
Operating cash flow	-1.39	-3.15	-3.11	-2.55^†	-2.63	-8.13	-13.64	-14.28	-31.82	-10.43
Capital expenditure	0.28	0.35	0.34	0.25	0.32	1.36	0.49	0.59	0.99	1.44
Free cash flow (calculated)	-1.67	-3.50	-3.45	-2.81^†	-2.94	-9.48	-14.13	-14.87	-32.81	-11.87
Share repurchases	—	—	0.00	0.04	0.00	—	—	—	—	—
Balance sheet
Cash and equivalents	—	—	—	—	—	11.03	4.56	—	1.53	1.04
Total assets	0.57	1.92	3.78	4.27	6.06	18.48	15.61	24.55	22.50	18.03
Total equity	-0.35	0.27	1.53	0.83	0.46	11.36	1.62	11.01	0.40	-5.34

Source: Alkaline Water Company Inc's 10-K and 10-Q filings, from SEC EDGAR · fiscal years end in March.

Free cash flow is calculated by The Dispatch: operating cash flow minus capital expenditure.

† Restated: a later filing changed this figure. The newer number is shown.