Edible Garden Ag Stock Earnings Reports

Edible Garden reported Q1 2026 revenue of ~$3.3M, up ~22.9% year-over-year, driven primarily by strong growth in cut herbs (+~46%), international sales (+~50%), vitamins & supplements (+~27%) and condiments (+~51%). Retail distribution expanded to over 6,000 locations with new placements (Target, Safeway, The Fresh Market, Hannaford, Busch's, Woodman's). Management is pivoting resources toward higher-margin, shelf-stable categories — most notably a ready-to-drink (RTD) manufacturing initiative (working with Tetra Pak and McCormick and planning an Iowa facility) — and expects RTDs and branded nutrition products to materially increase margins and velocity over time. Operating expenses rose to $10.0M (vs. $5.6M prior year), driven by higher COGS from third-party cut-herb sourcing and ~$2.5M of increased depreciation/amortization tied to the RTD pivot. The quarter included a ~$3.4M discrete income tax benefit from a valuation allowance release related to a New Jersey tax credit sale. Net loss widened slightly to ~$3.7M (vs. ~$3.3M prior year). Cash improved sequentially to ~$2.0M with positive operating cash flow of ~$251k. Near-term priorities: scale revenue via existing retail partners, transition cut-herb sourcing and supplier negotiations to improve margins, advance RTD manufacturing (co-manufacturing near-term, own facility longer-term), and maintain disciplined capital management.