Once Upon a Farm PBC | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 85.39 M
I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2026 Q2, the actual value is USD 85.39 M, beating the estimate of USD 77.34 M.
EPS: As of FY2026 Q2, the actual value is USD -0.12.
EBIT: As of FY2026 Q2, the actual value is USD -4.985 M.
Second Quarter 2026 Financial Highlights
Net Sales
Once Upon A Farm, PBC’s net sales increased by 42.3% to $85.4 million for the second quarter of 2026, compared to $60.0 million in the prior year period, primarily driven by a 40.3% increase in volume growth due to incremental distribution and new product introductions.
Gross Profit
Gross profit was $30.6 million (35.9% of net sales) for the second quarter of 2026, down from $24.5 million (40.7% of net sales) in the prior year period. The gross profit margin saw a 485 basis point decrease, mainly due to trade spend and mix, partially offset by pricing and lower slotting fees.
Selling, General and Administrative (SG&A) Expenses
SG&A expenses were $36.3 million for the second quarter of 2026, up from $24.4 million in the prior year period. As a percentage of net sales, SG&A expenses increased by 179 basis points to 42.5% from 40.7%.
Net Loss
The company reported a net loss of - $5.0 million for the second quarter of 2026, an improvement from a net loss of - $9.0 million in the prior year period.
Adjusted EBITDA
Adjusted EBITDA was - $1.7 million for the second quarter of 2026, compared to an Adjusted EBITDA of $2.0 million in the prior year period.
Six Months Ended June 30, 2026 Financial Performance
Net Sales
Net sales for the six months ended June 30, 2026, were $158,112 thousand, up from $110,620 thousand in the same period of 2025.
Cost of Goods Sold
Cost of goods sold increased to $97,785 thousand in 2026 from $67,074 thousand in 2025.
Gross Profit
Gross profit rose to $60,327 thousand in 2026 from $43,546 thousand in 2025.
Selling, General and Administrative Expenses
SG&A expenses increased to $82,116 thousand in 2026 from $52,713 thousand in 2025.
Income (Loss) from Operations
The loss from operations widened to - $21,789 thousand in 2026 from - $9,167 thousand in 2025.
Net Loss
The net loss for the six months ended June 30, 2026, was - $20,761 thousand, an improvement from - $28,504 thousand in the prior year period.
Balance Sheet Highlights (as of June 30, 2026)
Cash and Cash Equivalents
Cash and cash equivalents significantly increased to $93,541 thousand as of June 30, 2026, from $10,860 thousand as of December 31, 2025.
Total Debt
The company had no debt as of June 30, 2026, compared to $60,200 thousand in total debt as of December 31, 2025, reflecting the application of proceeds from the company’s IPO in February 2026.
Total Assets
Total assets increased to $202,629 thousand as of June 30, 2026, from $116,419 thousand as of December 31, 2025.
Total Liabilities
Total liabilities decreased to $47,347 thousand as of June 30, 2026, from $138,519 thousand as of December 31, 2025.
Total Stockholders’ Equity (Deficit)
Total stockholders’ equity shifted from a deficit of - $124,067 thousand as of December 31, 2025, to an equity of $155,282 thousand as of June 30, 2026.
Cash Flow from Operating Activities (Six Months Ended June 30)
Net Cash Used in Operating Activities
Net cash used in operating activities was - $17,861 thousand for the six months ended June 30, 2026, compared to - $17,173 thousand in the prior year period.
Net Cash Used in Investing Activities
Net cash used in investing activities was - $2,429 thousand in 2026, compared to - $2,024 thousand in 2025.
Net Cash Provided by Financing Activities
Net cash provided by financing activities was $102,971 thousand in 2026, significantly up from $12,550 thousand in 2025, primarily due to proceeds from the issuance of common stock.
Net Change in Cash and Cash Equivalents
The net change in cash and cash equivalents was $82,681 thousand in 2026, a substantial increase from - $6,647 thousand in 2025.
Supplemental Sales Detail by Product Category
Three Months Ended June 30, 2026 vs. 2025 (in thousands)
- Kid Segment Total: $43,911 in 2026 vs $36,073 in 2025.
- Baby Segment Total: $41,481 in 2026 vs $23,944 in 2025.
- Total Net Sales: $85,392 in 2026 vs $60,017 in 2025.
Six Months Ended June 30, 2026 vs. 2025 (in thousands)
- Kid Segment Total: $78,060 in 2026 vs $68,473 in 2025.
- Baby Segment Total: $80,052 in 2026 vs $42,147 in 2025.
- Total Net Sales: $158,112 in 2026 vs $110,620 in 2025.
Full Year 2026 Outlook
Once Upon A Farm, PBC is raising its full-year 2026 outlook, expecting net sales to be between $327 million and $335 million, representing 36% to 39% growth versus 2025. The company also projects Adjusted EBITDA to be between $3 million and $4.5 million.