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Drink LMNT

Operating

Drink LMNT, Inc.

Food · Packaged Drink · Naples, DE · Founded 2019

Woman-founded
Visit website

A sugar-free electrolyte drink mix with everything you need + nothing you don't

Valuation cap ⓘ
$200.0M
As of Aug 2022 · from Drink LMNT Crowd SAFE 2 · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$2,734,796
Across 2 rounds since 2021

Financials

FY2019–FY2023 · from SEC filings · hover any figure for its source
$1.5M
$174K
2019
$7.1M
$880K
2020
$31.6M
$2.0M
2021
$79K
$11K
2022
$206K
$42K
2023
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2019
FY2020
FY2021
FY2022
FY2023
Income statement
Revenue
$1,536,591
$7,053,000
$31,589,000
$78,714
$206,270
Cost of goods sold
$449,261
$1,872,000
$10,058,000
$31,480
$89,391
Gross margin
71%
73%
68%
60%
57%
Net income
$173,661
$880,000
$1,974,000
$11,145
$41,891
Taxes paid
$0
$251,000
$680,000
$3,976
$14,090
Balance sheet
Cash
$434,505
$1,324,000
$6,554,000
$19,011
$28,263
Accounts receivable
$114,232
$184,000
$644,000
$1,607
$4,701
Total assets
$836,491
$2,648,000
$10,899,000
$33,495
$63,850
Short-term debt
$148,737
$769,000
$3,781,000
$10,929
$17,573
Long-term debt
$417,500
$0
$770,000
$5,031
$12,940
Total liabilities
$566,237
$769,000
$4,551,000
$15,960
$30,513
Other
Headcount
—
12
0
0
0

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; no pill means the filing didn’t state one. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Post-money = pre-money + amount raised · caps marked
$60.0M
Valuation cap
$200.0M
Valuation cap
Drink LMNT Crowd SAFE 1
Drink LMNT Crowd SAFE 2

A dashed amber step is a SAFE/note valuation cap — a conversion ceiling agreed for that instrument, not a priced valuation of the company. Steps are not comparable across bases.

Fundraising history

Drink LMNT Crowd SAFE 2ClosedReg CF · SAFE · via Republic
Raised $2.2M / $4MInvestors 2,570Valuation cap $200M
Drink LMNT Crowd SAFE 1ClosedReg CF · SAFE · via Republic
Raised $540K / $750KInvestors 613Valuation cap $60M

Team

2 people
James Murphy
Chief Executive Officer
Robb Wolf
Director

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 requiredFiled Form C-TR (terminated reporting)

Filed 3 of 5 annual reports (FY2021–FY2025)

2,570 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

View all 9 filings on EDGAR
  • Form C-TRApr 18, 20240001871551-24-000002
    EDGAR
  • Form C-ARApr 18, 20240001871551-24-000001
    EDGAR
  • Form C-ARApr 11, 20230001871551-23-000001
    EDGAR
  • Form C-UAug 16, 20220001871551-22-000003
    EDGAR
  • Form CJun 7, 20220001871551-22-000002
    EDGAR
  • Form C-ARApr 29, 20220001871551-22-000001
    EDGAR
  • Form C-UOct 8, 20210001871551-21-000003
    EDGAR
  • Form CSep 15, 20210001871551-21-000002
    EDGAR
Source: ManualCIK 0001871551DE

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.