<span item_type="fundamental" item_id="4357f02ba340ba2e0a3ecceb17ee1b63" counter_id="ST/US/BUDA" env="prod"></span><span item_type="announcement" item_id="648372668345091457" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 3.508 M.</p><p>EPS: As of FY2026 Q1, the actual value is USD 0.03.</p><p>EBIT: As of FY2026 Q1, the actual value is USD 456 K.</p><p></p><p>Buda Juice, Inc. operates as a single reportable segment, with all revenues and assets derived from the United States, specifically Texas.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2079720/000149315226023043/form10-q.htm"></span></p><h4>Segment Revenue</h4><p>Net sales for the three months ended March 31, 2026, increased by $528 thousand, or 17.7%, to $3,508 thousand, compared to $2,980 thousand for the same period in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2079720/000149315226023043/form10-q.htm"></span></p><p>Revenue from external customers was disaggregated as follows: <strong>Branded</strong>: $1,776 thousand for the three months ended March 31, 2026, compared to $1,779 thousand for the same period in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2079720/000149315226023043/form10-q.htm"></span> <strong>Private Label/Other</strong>: $1,732 thousand for the three months ended March 31, 2026, compared to $1,201 thousand for the same period in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2079720/000149315226023043/form10-q.htm"></span></p><h4>Customer Concentration</h4><p>For both the three months ended March 31, 2026, and 2025, one customer accounted for approximately $3,354 thousand (96% of total revenues) and $2,869 thousand (96% of total revenues), respectively.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2079720/000149315226023043/form10-q.htm"></span></p><h4>Net Income</h4><p>Net income for the three months ended March 31, 2026, was $388 thousand, a decrease of - $419 thousand or -52.0% compared to $807 thousand for the same period in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2079720/000149315226023043/form10-q.htm"></span></p><h4>Gross Profit and Margin</h4><p>Gross profit was $1,386 thousand for the three months ended March 31, 2026, an increase of $47 thousand or 3.5% from $1,338 thousand in the prior year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2079720/000149315226023043/form10-q.htm"></span>Gross profit margin decreased to 39.5% for the three months ended March 31, 2026, from 44.9% for the same period in 2025, primarily due to increased produce costs, specifically limes, partially offset by an improvement in labor costs as a percentage of revenue.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2079720/000149315226023043/form10-q.htm"></span>Cost of goods sold increased by $480 thousand, or 29.3%, to $2,122 thousand for the three months ended March 31, 2026, from $1,642 thousand for the same period in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2079720/000149315226023043/form10-q.htm"></span></p><h4>Operating Expenses</h4><p>Total operating expenses increased by $258 thousand, or 48.2%, to $793 thousand for the three months ended March 31, 2026, from $535 thousand for the same period in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2079720/000149315226023043/form10-q.htm"></span> <strong>Delivery and handling expense</strong> was $130 thousand for the three months ended March 31, 2026, a slight increase of $2 thousand or 1.3% from $128 thousand in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2079720/000149315226023043/form10-q.htm"></span> <strong>Selling, general and administrative expense</strong> increased by $256 thousand, or 62.9%, to $663 thousand for the three months ended March 31, 2026, from $407 thousand in 2025, primarily due to higher administrative personnel expenses, insurance, accounting, and other professional fees associated with the Company’s initial public offering (IPO).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2079720/000149315226023043/form10-q.htm"></span></p><h4>Income from Operations</h4><p>Income from operations decreased by - $210 thousand, or -26.2%, to $593 thousand for the three months ended March 31, 2026, from $803 thousand for the same period in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2079720/000149315226023043/form10-q.htm"></span></p><h4>Other Income and Interest Income</h4><p>Other income was $17 thousand for the three months ended March 31, 2026, compared to $0 thousand in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2079720/000149315226023043/form10-q.htm"></span>Interest income significantly increased by $124 thousand, or 956.6%, to $137 thousand for the three months ended March 31, 2026, from $13 thousand in 2025, due to higher cash balances following the Company’s IPO and underwriter over-allotment option exercise.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2079720/000149315226023043/form10-q.htm"></span></p><h4>Income Tax Expense</h4><p>Income tax expense was $359 thousand for the three months ended March 31, 2026, compared to $9 thousand for the same period in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2079720/000149315226023043/form10-q.htm"></span>The effective tax rate for the three months ended March 31, 2026, was 46.76%, up from 1.07% in 2025, primarily due to the discrete recognition of deferred tax expense upon the Company’s conversion to a C-corporation.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2079720/000149315226023043/form10-q.htm"></span></p><h4>Cash Flows from Operating Activities</h4><p>Net cash provided by operating activities was $1,305 thousand for the three months ended March 31, 2026, compared to $904 thousand for the same period in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2079720/000149315226023043/form10-q.htm"></span></p><h4>Cash Flows from Investing Activities</h4><p>Net cash used in investing activities was - $218 thousand for the three months ended March 31, 2026, compared to - $139 thousand for the same period in 2025, due to continued capital spending in the Dallas manufacturing facility.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2079720/000149315226023043/form10-q.htm"></span></p><h4>Cash Flows from Financing Activities</h4><p>Net cash received from financing activities was $16,901 thousand for the three months ended March 31, 2026, compared to net cash used of - $1,438 thousand for the same period in 2025, primarily due to IPO-related transactions generating net cash proceeds of $16,902 thousand.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2079720/000149315226023043/form10-q.htm"></span></p><h4>Free Cash Flow</h4><p>Free cash flow was $1,087 thousand for the three months ended March 31, 2026 ($1,305 thousand operating cash flow - $218 thousand capital spending), compared to $765 thousand for the three months ended March 31, 2025 ($904 thousand operating cash flow - $139 thousand capital spending).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2079720/000149315226023043/form10-q.htm"></span></p><h4>Liquidity and Capital Resources</h4><p>As of March 31, 2026, Buda Juice, Inc. had cash and cash equivalents of $19,828 thousand, significantly up from $1,840 thousand as of December 31, 2025, primarily due to IPO proceeds.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2079720/000149315226023043/form10-q.htm"></span>Working capital increased to $19,942 thousand as of March 31, 2026, from $2,634 thousand as of December 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2079720/000149315226023043/form10-q.htm"></span></p><h4>Future Outlook and Strategy</h4><p>Buda Juice, Inc. expects to fund short-term cash requirements, including working capital and $139 thousand in lease obligations due within 12 months, through cash on hand, operations, and its credit facility.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2079720/000149315226023043/form10-q.htm"></span>Long-term cash requirements, including $610 thousand in lease obligations beyond 12 months and planned regional production facilities, are anticipated to be funded by operating cash flows and IPO proceeds, with potential for additional financing for acquisitions or new IT infrastructure.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2079720/000149315226023043/form10-q.htm"></span>As of March 31, 2026, total future minimum lease payments under non-cancellable operating lease agreements are approximately $886 thousand, with $191 thousand due within the next 12 months and $695 thousand due thereafter through July 2030.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2079720/000149315226023043/form10-q.htm"></span></p>

Buda Juice | 10-Q: FY2026 Q1 Revenue: USD 3.508 M