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Cheers

Operating

Cheers Health, Inc.

Retail & Consumer · Houston, TX · Founded 2014

A Leader in Alcohol-Related Health

Post-money valuation ⓘ
$51.3M
As of Sep 2021 · from Reg CF Offering (2021) · pre-money + amount raised, not a traded price
Total raised
$1,764,919
Across 1 round since 2021
Latest share price
$39.11
Reg CF · Common Stock · May 2021 offering price

Financials

FY2019–FY2024 · from SEC filings · hover any figure for its source
$8.2M
−$352K
2019
$10.4M
$1.7M
2020
$8.7M
$924K
2021
$7.9M
$819K
2022
$8.4M
$697K
2023
$15.0M
$250K
2024
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2019 audited*
FY2020 audited
FY2021 audited
FY2022 audited
FY2023 audited
FY2024 audited
Income statement
Revenue
$8,217,412
$10,417,210
$8,687,066
$7,852,530
$8,438,042
$15,002,002
Cost of goods sold
$1,659,732
$1,953,775
$1,683,169
$1,671,223
$1,969,675
$3,090,729
Gross margin
80%
81%
81%
79%
77%
79%
Net income
-$352,480
$1,711,476
$923,755
$819,014
$697,116
$249,757
Taxes paid
$3,197
$11,470
$215,224
$296,230
$244,396
$171,870
Balance sheet
Cash
$577,550
$2,182,487
$4,533,668
$2,310,540
$3,198,186
$3,051,023
Accounts receivable
$0
$0
$6,696
$6,970
$41,704
$283,000
Total assets
$2,058,765
$3,521,891
$5,939,104
$6,236,046
$7,115,881
$7,282,278
Short-term debt
$469,375
$79,125
$144,274
$121,778
$303,677
$222,335
Long-term debt
$683,371
$825,271
$775,082
$182,731
$175,238
$168,465
Total liabilities
$1,152,746
$904,396
$919,356
$304,509
$478,915
$390,800
Other
Headcount
—
11
11
11
21
28

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$49.5M
pre-money
Reg CF · Common · May 2021

Blue bars are the pre-money valuation the company stated for a priced round.

Cap table

Share counts as of Dec 31, 2024
ClassOutstandingVotes / shareShare of totalLast price
Preferred stockpreferred191,033—100.0%—

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $1.8M / $5MInvestors 1,600Post-money $51.3M

Team

1 person
Brooks Powell
CEO, Principal Executive Officer and Director, Principal Financial Officer and Principal Accounting Officer

Names and titles as disclosed on SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not required3+ reports filed & assets ≤ $10M

Filed 4 of 5 annual reports (FY2021–FY2025)

1,600 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

  • Form C-ARApr 24, 20260002070024-26-000005
    EDGAR
  • Form C-ARJul 28, 20250002070024-25-000005
    EDGAR
  • Form C-ARMay 1, 20230001644600-23-000080
    EDGAR
  • Form C-ARApr 29, 20220001644600-22-000061
    EDGAR
  • Form C-UDec 3, 20210001665160-21-002141
    EDGAR
  • Form C-UOct 12, 20210001665160-21-001793
    EDGAR
  • Form C/ASep 10, 20210001665160-21-001623
    EDGAR
  • Form CMay 18, 20210001665160-21-000958
    EDGAR
Source: ManualCIK 0001862090DEShare price $39.11

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.