Quarterly ResultMay 7, 2026, 04:23 PM
Once Upon a Farm Q1 Net Sales +44% to $72.7M; Raises 2026 Outlook
AI Summary
Once Upon a Farm, PBC announced strong financial results for the first quarter ended March 31, 2026, with net sales increasing 43.7% to $72.7 million and gross margin expanding to 40.8%. The company significantly reduced its net loss to $15.8 million and Adjusted EBITDA loss to $3.1 million. Following this momentum, Once Upon a Farm raised its full-year 2026 net sales outlook to $313 million to $323 million and expects Adjusted EBITDA of $2 million to $4 million. The balance sheet was strengthened by IPO proceeds, resulting in $99.9 million in cash and no debt.
Key Highlights
- Q1 2026 net sales increased 43.7% to $72.7 million.
- Gross margin improved to 40.8% from 37.7% in the prior year.
- Net loss decreased to $15.8 million from $19.5 million year-over-year.
- Adjusted EBITDA loss narrowed to $3.1 million from $7.5 million.
- Full-year 2026 net sales outlook raised to $313M-$323M (30-34% growth).
- Full-year 2026 Adjusted EBITDA outlook set at $2M-$4M.
- Cash and cash equivalents were $99.9 million with no debt as of March 31, 2026, due to IPO proceeds.
- Baby product sales were $38.57 million, and Kid product sales were $34.15 million in Q1 2026.