Quarterly ResultMay 7, 2026, 04:26 PM
Once Upon a Farm Completes IPO, Q1 Net Sales Up 43.7% to $72.7M
AI Summary
Once Upon a Farm, PBC completed its Initial Public Offering (IPO) on February 9, 2026, generating approximately $138.8 million in net proceeds. This significantly strengthened the company's balance sheet, with cash and cash equivalents increasing to $99.9 million and total liabilities decreasing substantially. For the first quarter of 2026, net sales grew 43.7% to $72.7 million, and the net loss improved to $(15.8) million, despite an increase in operating loss.
Key Highlights
- Completed IPO on February 9, 2026, raising $138.8 million net proceeds.
- Net sales increased 43.7% to $72.7 million for Q1 2026 from $50.6 million in Q1 2025.
- Gross profit rose 55.4% to $29.7 million in Q1 2026 from $19.1 million in Q1 2025.
- Net loss improved to $(15.8) million in Q1 2026 from $(19.5) million in Q1 2025.
- Cash and cash equivalents surged to $99.9 million as of March 31, 2026, from $10.9 million at Dec 31, 2025.
- Total liabilities decreased 65.4% to $47.8 million as of March 31, 2026.
- Stockholders' equity shifted from a $(124.1) million deficit to $157.9 million positive equity.
- Repaid $43.0 million in nonconvertible debt and converted $17.2 million in convertible notes.