About
Copperworks Distilling Company is a locally owned and operated craft distillery, tasting room and gift shop located on the downtown Seattle waterfront. Copperworks creates award-winning American Single Malt Whiskey, a series of gins, and a vodka -- all made from malted barley and distilled in traditional Scottish stills. Copperworks was named "Distillery of the Year" in 2018 by the American Distilling Institute. The distillery is open every day for spirits tastings. Distillery tours are available on Friday and Saturdays or by appointment.
- Seattle, United States of America
- Legal Name: Big Derby Distilling Company
- Company ID: 27-4694733
- Year Founded: 2011
- Industry: Food & Beverages
- Website: https://copperworksdistilling.com/
- SEC Filings
Highlights
$18.6M
CF Valuation
$1.3M
Total Raised
$905.5K
Revenue
9
Employees
Indicators
Profit Margin
-102.9%
(-44.5%)
2022: -58.4%
Current Ratio
29.79
(605.9%)
2022: 4.22
Revenue Growth
Financials
| INCOME STATEMENT | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | TOTAL GROWTH |
|---|---|---|---|---|---|---|---|
| Revenue | $905,535 | $1,030,662 | $850,005 | $1,026,360 | $857,229 | $767,457 | 18% |
| Cost of Goods Sold | -$505,380 | -$642,592 | -$405,220 | -$691,142 | -$400,991 | -$382,706 | 32% |
| Gross Profit | $400,155 | $388,070 | $444,785 | $335,218 | $456,238 | $384,751 | 4% |
| Other Costs | -$1,331,882 | -$989,678 | -$419,851 | -$696,643 | -$474,124 | -$414,835 | 221% |
| Taxes Paid | $0 | $0 | -$24,795 | $0 | $0 | $0 | -100% |
| Net Income | -$931,727 | -$601,608 | $139 | -$361,425 | -$17,886 | -$30,084 | 2,997% |
| BALANCE SHEET | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | TOTAL GROWTH |
|---|---|---|---|---|---|---|---|
| Cash | $1,394 | $104,390 | $1,012,605 | $7,525 | $42,650 | $35,109 | -96% |
| Accounts Receivable | $22,308 | $76,067 | $88,640 | $22,246 | $38,388 | $41,086 | -46% |
| Total Liquidity | $23,702 | $180,457 | $1,101,245 | $29,771 | $81,038 | $76,195 | -69% |
| Other Assets | $8,306,142 | $8,944,903 | $1,739,127 | $2,623,358 | $2,288,797 | $2,227,806 | 273% |
| Total Assets | $8,329,844 | $9,125,360 | $2,840,372 | $2,653,129 | $2,369,835 | $2,304,001 | 262% |
| Short Term debt | $279,595 | $2,161,526 | $223,424,040 | $169,268 | $298,862 | $215,142 | 30% |
| Long Term debt | $5,952,554 | $5,221,204 | $1,669,255 | $1,703,806 | $1,646,122 | $1,646,112 | 262% |
| Total Debt | $6,232,149 | $7,382,730 | $225,093,295 | $1,873,074 | $1,944,984 | $1,861,254 | 235% |
| Other Liabilities | $2,097,695 | $1,742,630 | -$222,252,923 | $780,055 | $424,851 | $442,747 | 374% |
| Total Liabilities | $8,329,844 | $9,125,360 | $2,840,372 | $2,653,129 | $2,369,835 | $2,304,001 | 262% |
Revenue Growth
Employee Growth
Valuation Growth
Financials
| INCOME STATEMENT | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | TOTAL GROWTH |
|---|---|---|---|---|---|---|---|
| Revenue | $905,535 | $1,030,662 | $850,005 | $1,026,360 | $857,229 | $767,457 | 18% |
| Cost of Goods Sold | -$505,380 | -$642,592 | -$405,220 | -$691,142 | -$400,991 | -$382,706 | 32% |
| Gross Profit | $400,155 | $388,070 | $444,785 | $335,218 | $456,238 | $384,751 | 4% |
| Other Costs | -$1,331,882 | -$989,678 | -$419,851 | -$696,643 | -$474,124 | -$414,835 | 221% |
| Taxes Paid | $0 | $0 | -$24,795 | $0 | $0 | $0 | -100% |
| Net Income | -$931,727 | -$601,608 | $139 | -$361,425 | -$17,886 | -$30,084 | 2,997% |
| BALANCE SHEET | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | TOTAL GROWTH |
|---|---|---|---|---|---|---|---|
| Cash | $1,394 | $104,390 | $1,012,605 | $7,525 | $42,650 | $35,109 | -96% |
| Accounts Receivable | $22,308 | $76,067 | $88,640 | $22,246 | $38,388 | $41,086 | -46% |
| Total Liquidity | $23,702 | $180,457 | $1,101,245 | $29,771 | $81,038 | $76,195 | -69% |
| Other Assets | $8,306,142 | $8,944,903 | $1,739,127 | $2,623,358 | $2,288,797 | $2,227,806 | 273% |
| Total Assets | $8,329,844 | $9,125,360 | $2,840,372 | $2,653,129 | $2,369,835 | $2,304,001 | 262% |
| Short Term debt | $279,595 | $2,161,526 | $223,424,040 | $169,268 | $298,862 | $215,142 | 30% |
| Long Term debt | $5,952,554 | $5,221,204 | $1,669,255 | $1,703,806 | $1,646,122 | $1,646,112 | 262% |
| Total Debt | $6,232,149 | $7,382,730 | $225,093,295 | $1,873,074 | $1,944,984 | $1,861,254 | 235% |
| Other Liabilities | $2,097,695 | $1,742,630 | -$222,252,923 | $780,055 | $424,851 | $442,747 | 374% |
| Total Liabilities | $8,329,844 | $9,125,360 | $2,840,372 | $2,653,129 | $2,369,835 | $2,304,001 | 262% |
| INCOME STATEMENT | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | TOTAL GROWTH |
|---|---|---|---|---|---|---|---|
| Revenue | $905,535 | $1,030,662 | $850,005 | $1,026,360 | $857,229 | $767,457 | 18% |
| Cost of Goods Sold | -$505,380 | -$642,592 | -$405,220 | -$691,142 | -$400,991 | -$382,706 | 32% |
| Gross Profit | $400,155 | $388,070 | $444,785 | $335,218 | $456,238 | $384,751 | 4% |
| Other Costs | -$1,331,882 | -$989,678 | -$419,851 | -$696,643 | -$474,124 | -$414,835 | 221% |
| Taxes Paid | $0 | $0 | -$24,795 | $0 | $0 | $0 | -100% |
| Net Income | -$931,727 | -$601,608 | $139 | -$361,425 | -$17,886 | -$30,084 | 2,997% |
| BALANCE SHEET | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | TOTAL GROWTH |
|---|---|---|---|---|---|---|---|
| Cash | $1,394 | $104,390 | $1,012,605 | $7,525 | $42,650 | $35,109 | -96% |
| Accounts Receivable | $22,308 | $76,067 | $88,640 | $22,246 | $38,388 | $41,086 | -46% |
| Total Liquidity | $23,702 | $180,457 | $1,101,245 | $29,771 | $81,038 | $76,195 | -69% |
| Other Assets | $8,306,142 | $8,944,903 | $1,739,127 | $2,623,358 | $2,288,797 | $2,227,806 | 273% |
| Total Assets | $8,329,844 | $9,125,360 | $2,840,372 | $2,653,129 | $2,369,835 | $2,304,001 | 262% |
| Short Term debt | $279,595 | $2,161,526 | $223,424,040 | $169,268 | $298,862 | $215,142 | 30% |
| Long Term debt | $5,952,554 | $5,221,204 | $1,669,255 | $1,703,806 | $1,646,122 | $1,646,112 | 262% |
| Total Debt | $6,232,149 | $7,382,730 | $225,093,295 | $1,873,074 | $1,944,984 | $1,861,254 | 235% |
| Other Liabilities | $2,097,695 | $1,742,630 | -$222,252,923 | $780,055 | $424,851 | $442,747 | 374% |
| Total Liabilities | $8,329,844 | $9,125,360 | $2,840,372 | $2,653,129 | $2,369,835 | $2,304,001 | 262% |
| INCOME STATEMENT | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | TOTAL GROWTH |
|---|---|---|---|---|---|---|---|
| Revenue | $905,535 | $1,030,662 | $850,005 | $1,026,360 | $857,229 | $767,457 | 18% |
| Cost of Goods Sold | -$505,380 | -$642,592 | -$405,220 | -$691,142 | -$400,991 | -$382,706 | 32% |
| Gross Profit | $400,155 | $388,070 | $444,785 | $335,218 | $456,238 | $384,751 | 4% |
| Other Costs | -$1,331,882 | -$989,678 | -$419,851 | -$696,643 | -$474,124 | -$414,835 | 221% |
| Taxes Paid | $0 | $0 | -$24,795 | $0 | $0 | $0 | -100% |
| Net Income | -$931,727 | -$601,608 | $139 | -$361,425 | -$17,886 | -$30,084 | 2,997% |
| BALANCE SHEET | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | TOTAL GROWTH |
|---|---|---|---|---|---|---|---|
| Cash | $1,394 | $104,390 | $1,012,605 | $7,525 | $42,650 | $35,109 | -96% |
| Accounts Receivable | $22,308 | $76,067 | $88,640 | $22,246 | $38,388 | $41,086 | -46% |
| Total Liquidity | $23,702 | $180,457 | $1,101,245 | $29,771 | $81,038 | $76,195 | -69% |
| Other Assets | $8,306,142 | $8,944,903 | $1,739,127 | $2,623,358 | $2,288,797 | $2,227,806 | 273% |
| Total Assets | $8,329,844 | $9,125,360 | $2,840,372 | $2,653,129 | $2,369,835 | $2,304,001 | 262% |
| Short Term debt | $279,595 | $2,161,526 | $223,424,040 | $169,268 | $298,862 | $215,142 | 30% |
| Long Term debt | $5,952,554 | $5,221,204 | $1,669,255 | $1,703,806 | $1,646,122 | $1,646,112 | 262% |
| Total Debt | $6,232,149 | $7,382,730 | $225,093,295 | $1,873,074 | $1,944,984 | $1,861,254 | 235% |
| Other Liabilities | $2,097,695 | $1,742,630 | -$222,252,923 | $780,055 | $424,851 | $442,747 | 374% |
| Total Liabilities | $8,329,844 | $9,125,360 | $2,840,372 | $2,653,129 | $2,369,835 | $2,304,001 | 262% |
| INCOME STATEMENT | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | TOTAL GROWTH |
|---|---|---|---|---|---|---|---|
| Revenue | $905,535 | $1,030,662 | $850,005 | $1,026,360 | $857,229 | $767,457 | 18% |
| Cost of Goods Sold | -$505,380 | -$642,592 | -$405,220 | -$691,142 | -$400,991 | -$382,706 | 32% |
| Gross Profit | $400,155 | $388,070 | $444,785 | $335,218 | $456,238 | $384,751 | 4% |
| Other Costs | -$1,331,882 | -$989,678 | -$419,851 | -$696,643 | -$474,124 | -$414,835 | 221% |
| Taxes Paid | $0 | $0 | -$24,795 | $0 | $0 | $0 | -100% |
| Net Income | -$931,727 | -$601,608 | $139 | -$361,425 | -$17,886 | -$30,084 | 2,997% |
| BALANCE SHEET | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | TOTAL GROWTH |
|---|---|---|---|---|---|---|---|
| Cash | $1,394 | $104,390 | $1,012,605 | $7,525 | $42,650 | $35,109 | -96% |
| Accounts Receivable | $22,308 | $76,067 | $88,640 | $22,246 | $38,388 | $41,086 | -46% |
| Total Liquidity | $23,702 | $180,457 | $1,101,245 | $29,771 | $81,038 | $76,195 | -69% |
| Other Assets | $8,306,142 | $8,944,903 | $1,739,127 | $2,623,358 | $2,288,797 | $2,227,806 | 273% |
| Total Assets | $8,329,844 | $9,125,360 | $2,840,372 | $2,653,129 | $2,369,835 | $2,304,001 | 262% |
| Short Term debt | $279,595 | $2,161,526 | $223,424,040 | $169,268 | $298,862 | $215,142 | 30% |
| Long Term debt | $5,952,554 | $5,221,204 | $1,669,255 | $1,703,806 | $1,646,122 | $1,646,112 | 262% |
| Total Debt | $6,232,149 | $7,382,730 | $225,093,295 | $1,873,074 | $1,944,984 | $1,861,254 | 235% |
| Other Liabilities | $2,097,695 | $1,742,630 | -$222,252,923 | $780,055 | $424,851 | $442,747 | 374% |
| Total Liabilities | $8,329,844 | $9,125,360 | $2,840,372 | $2,653,129 | $2,369,835 | $2,304,001 | 262% |
| INCOME STATEMENT | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | TOTAL GROWTH |
|---|---|---|---|---|---|---|---|
| Revenue | $905,535 | $1,030,662 | $850,005 | $1,026,360 | $857,229 | $767,457 | 18% |
| Cost of Goods Sold | -$505,380 | -$642,592 | -$405,220 | -$691,142 | -$400,991 | -$382,706 | 32% |
| Gross Profit | $400,155 | $388,070 | $444,785 | $335,218 | $456,238 | $384,751 | 4% |
| Other Costs | -$1,331,882 | -$989,678 | -$419,851 | -$696,643 | -$474,124 | -$414,835 | 221% |
| Taxes Paid | $0 | $0 | -$24,795 | $0 | $0 | $0 | -100% |
| Net Income | -$931,727 | -$601,608 | $139 | -$361,425 | -$17,886 | -$30,084 | 2,997% |
| BALANCE SHEET | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | TOTAL GROWTH |
|---|---|---|---|---|---|---|---|
| Cash | $1,394 | $104,390 | $1,012,605 | $7,525 | $42,650 | $35,109 | -96% |
| Accounts Receivable | $22,308 | $76,067 | $88,640 | $22,246 | $38,388 | $41,086 | -46% |
| Total Liquidity | $23,702 | $180,457 | $1,101,245 | $29,771 | $81,038 | $76,195 | -69% |
| Other Assets | $8,306,142 | $8,944,903 | $1,739,127 | $2,623,358 | $2,288,797 | $2,227,806 | 273% |
| Total Assets | $8,329,844 | $9,125,360 | $2,840,372 | $2,653,129 | $2,369,835 | $2,304,001 | 262% |
| Short Term debt | $279,595 | $2,161,526 | $223,424,040 | $169,268 | $298,862 | $215,142 | 30% |
| Long Term debt | $5,952,554 | $5,221,204 | $1,669,255 | $1,703,806 | $1,646,122 | $1,646,112 | 262% |
| Total Debt | $6,232,149 | $7,382,730 | $225,093,295 | $1,873,074 | $1,944,984 | $1,861,254 | 235% |
| Other Liabilities | $2,097,695 | $1,742,630 | -$222,252,923 | $780,055 | $424,851 | $442,747 | 374% |
| Total Liabilities | $8,329,844 | $9,125,360 | $2,840,372 | $2,653,129 | $2,369,835 | $2,304,001 | 262% |
Indicators
Profit Margin
-102.9%
(-44.5%)
2022: -58.4%
Current Ratio
29.79
(605.9%)
2022: 4.22
Efficiency Ratio
55.8%
(-10.4%)
2022: 62.3%
Key figures
| INCOME STATEMENT | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|
| Revenue Growth | -12% | 22% | -17% | 15% | 12% | ∞ |
| Profit Margin | -103% | -58% | 0% | -35% | -2% | -4% |
| Current Ratio | 30% | 4% | 0% | 16% | 8% | 11% |
| Efficiency Ratio | 56% | 62% | 48% | 67% | 47% | 50% |
| Solvency Ratio | -15% | -8% | 0% | -19% | -1% | -2% |
| Debt Ratio | 75% | 81% | 7,925% | 71% | 82% | 81% |
Funding History
2 Funding Rounds
$1,273,383Total Raised
$18,649,559CF Valuation
138%Valuation Growth
| ROUND | STATUS | CLOSE DATE | RAISED | PLATFORM | SECURITY | TERMS | GROWTH | REGULATION | DAYS OPEN | START DATE |
|---|---|---|---|---|---|---|---|---|---|---|
2. Closed | Closed | Nov 19, 2024 | $496,378 | StartEngine | Equity | $19M valuation | 138% | SEC Reg CF | 155 days | Jun 17, 2024 |
1. Closed | Closed | Apr 30, 2020 | $777,005 | Wefunder | Equity | $8M valuation | — | SEC Reg CF | 58 days | Mar 03, 2020 |
