--- title: "Edible Garden AG | 10-Q: FY2026 Q1 Revenue: USD 3.341 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/286613092.md" datetime: "2026-05-15T20:42:16.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286613092.md) - [en](https://longbridge.com/en/news/286613092.md) - [zh-HK](https://longbridge.com/zh-HK/news/286613092.md) --- # Edible Garden AG | 10-Q: FY2026 Q1 Revenue: USD 3.341 M Revenue: As of FY2026 Q1, the actual value is USD 3.341 M. EPS: As of FY2026 Q1, the actual value is USD -5.25. EBIT: As of FY2026 Q1, the actual value is USD -6.528 M. Edible Garden AG Incorporated operates as a single segment, with all financial and operational metrics reported for the company as a whole . #### Revenue Total revenue for the three months ended March 31, 2026, was $3.341 million, an increase of $0.623 million, or 22.9%, from $2.718 million for the three months ended March 31, 2025 . This increase was primarily due to growth in the cut herb portfolio . ##### Segment Revenue (by product stream) - **Herbs, Produce & Floral**: $3.110 million for the three months ended March 31, 2026, compared to $2.547 million for the three months ended March 31, 2025 . - **Vitamins and Supplements**: $0.231 million for the three months ended March 31, 2026, compared to $0.171 million for the three months ended March 31, 2025 . #### Operational Metrics - **Cost of Goods Sold, excluding depreciation**: $4.390 million for the three months ended March 31, 2026, up from $2.789 million for the three months ended March 31, 2025 . This increase was due to higher sales and a portfolio shift to cut herbs sourced from third-party growers at higher cost . - **Selling, General and Administrative Expenses**: $2.905 million for the three months ended March 31, 2026, compared to $2.608 million for the three months ended March 31, 2025 . - **Depreciation and Amortization**: $2.724 million for the three months ended March 31, 2026, a significant increase from $0.248 million for the three months ended March 31, 2025 . This $2.5 million increase was mainly due to accelerated depreciation of certain fixed assets as the company pivots to RTD clean nutrition manufacturing . - **Total Operating Expense**: $10.019 million for the three months ended March 31, 2026, compared to $5.644 million for the three months ended March 31, 2025 . - **Loss from Operations**: - $6.678 million for the three months ended March 31, 2026, an increase from - $2.926 million for the three months ended March 31, 2025 . The increased loss was driven by higher overall expenses, partially offset by increased revenue . - **Interest Expense, Net**: - $0.150 million for the three months ended March 31, 2026, a decrease from - $0.440 million for the three months ended March 31, 2025 . This was due to reduced overall outstanding debt balances at lower interest rates . - **Income Tax Benefit**: $3.354 million for the three months ended March 31, 2026, compared to $0 million for the three months ended March 31, 2025 . This resulted from the transfer of state tax benefit to a third-party buyer in exchange for cash, leading to a gain primarily from valuation allowance release . - **NET LOSS**: - $3.669 million for the three months ended March 31, 2026, compared to - $3.324 million for the three months ended March 31, 2025 . - **Net Loss per Common Share - Basic and Diluted**: - $5.25 for the three months ended March 31, 2026, compared to - $24.74 for the three months ended March 31, 2025 . #### Cash Flow - **Net Cash Provided By/(Used In) Operating Activities**: $0.251 million provided for the three months ended March 31, 2026, a positive shift from - $3.332 million used for the three months ended March 31, 2025 . - **Net Cash Used In Investing Activities**: - $0.104 million for the three months ended March 31, 2026, compared to - $0.068 million for the three months ended March 31, 2025 . - **Net Cash Provided By Financing Activities**: $0.691 million for the three months ended March 31, 2026, up from $0.279 million for the three months ended March 31, 2025 . - **Cash at End of Period**: $1.952 million as of March 31, 2026, compared to $0.409 million as of March 31, 2025 . #### Other Key Financial Metrics - **Total Liabilities**: $8.646 million as of March 31, 2026, up from $8.099 million as of December 31, 2025 . - **Total Stockholders’ Equity (Deficit)**: $8.833 million as of March 31, 2026, down from $12.497 million as of December 31, 2025 . - **Total Gross Debt**: $2.699 million as of March 31, 2026, up from $1.877 million as of December 31, 2025 . #### Unique Metrics - **Number of SKUs**: As of March 31, 2026, Edible Garden AG Incorporated offers over 140 stock keeping units (SKUs) across fresh produce and shelf-stable/refrigerated consumer packaged goods . - **Retail Locations**: Products are available in over 6,000 retail locations across the United States, the Caribbean, and South America . - **Customer Concentration**: For the three months ended March 31, 2026, four customers accounted for approximately 69.4% of total revenue . As of March 31, 2026, approximately 86.4% of gross outstanding trade receivables were attributed to four customers . #### Future Outlook and Strategy Edible Garden AG Incorporated is transitioning its Edible Garden Prairie Hills facility into a dedicated ready-to-drink (RTD) and clean nutrition manufacturing hub, aligning with its Farm-to-Formula® strategy to shift towards higher-margin, shelf-stable beverage and nutrition categories . Phase 1 production at this facility is anticipated to begin in 2027, contingent on a definitive supply agreement, completion of engineering and installation, regulatory approvals, and adequate capital . The company expects further significant net losses and has substantial doubt about its ability to continue as a going concern, necessitating additional funding through debt or equity financing . ### Related Stocks - [EDBL.US](https://longbridge.com/en/quote/EDBL.US.md) ## Related News & Research - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [INTOUCH INSIGHT ANNOUNCES Q1 2026 FINANCIAL RESULTS](https://longbridge.com/en/news/287124506.md) - [Correction: NextNRG to Host First Quarter 2026 Financial Results Conference Call on May 18, 2026 at 9:00 a.m. ET | NXXT Stock News](https://longbridge.com/en/news/286673001.md) - [Hafnia’s Q1 2026 Financial Results Presentation to Be Held on 27 May 2026 | HAFN Stock News](https://longbridge.com/en/news/287014236.md)