Quarterly ResultMay 14, 2026, 04:20 PM
Barfresh Q1 Revenue $5.6M, up 92%; Reiterates FY26 Guidance
AI Summary
Barfresh Food Group reported first-quarter 2026 revenue of $5.6 million, a 92% increase year-over-year, surpassing its outlook due to strong contribution from Arps Dairy. The net loss improved to $661,000, while Adjusted EBITDA was a loss of $238,000, below guidance due to revenue mix and startup inefficiencies. The company is progressing with its Ohio plant construction, on track for year-end commissioning, supported by a $7.5 million convertible note and a $2.4 million government grant. Barfresh reiterated its full-year 2026 revenue guidance of $28 million to $32 million and Adjusted EBITDA guidance of $3.2 million to $3.8 million.
Key Highlights
- Q1 2026 revenue increased 92% year-over-year to $5.6 million, surpassing outlook.
- Q1 2026 net loss improved to $661,000 from $761,000 in Q1 2025.
- Q1 2026 Adjusted EBITDA was a loss of $238,000, below breakeven guidance.
- Secured $7.5 million convertible note financing and a $2.4 million government grant for the Ohio plant.
- Ohio plant construction is progressing, with commissioning on track before year-end.
- Introduced Q2 2026 revenue guidance of $5.2 million to $5.6 million.
- Reiterated full-year 2026 revenue guidance of $28 million to $32 million.
- Reiterated full-year 2026 Adjusted EBITDA guidance of $3.2 million to $3.8 million.