| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 4.71 | 16.3% | 189.0% |
| Total Income | 4.71 | 16.3% | 189.0% |
| Expenditure | 6.22 | 2.5% | 149.8% |
| PBT | — | ||
| Net Profit | -1.86 | 181.8% | 111.4% |
| OPM | -32.23% | 24.49pp | 21.19pp |
| NPM | -39.54% | 27.80pp | 14.62pp |
| EPS | -0.12 | 200.0% | 100.0% |
Barfresh Food Group Reports Q2 2026 Results, Revenue Up 190% YoY to $4.7M
15 Aug 2026 · 15 Aug, 2:00 am
Summary
Barfresh Food Group reported a significant 190% year-over-year revenue increase to $4.7 million for the second quarter of 2026, primarily due to the Arps Dairy acquisition. However, the company experienced a gross loss of $150,000 and a net loss of $1.9 million, with Adjusted EBITDA at a loss of $1.2 million, impacted by startup and inefficiency costs at the Arps Dairy facility. Management is revising full-year 2026 revenue guidance to $23 million-$26 million and expects to achieve Adjusted EBITDA breakeven in the second half of 2026 as production efficiencies improve and new school district wins ramp.
Key Highlights
- 1
Second Quarter Revenue increased 190% Year-over-Year to $4.7 million, driven by the Arps Dairy acquisition.
- 2
The company expects to achieve Adjusted EBITDA breakeven in the second half of 2026.
- 3
Full Year 2026 revenue guidance is revised to $23 million to $26 million, representing 62% to 83% growth compared to fiscal year 2025.
- 4
Gross loss for the second quarter of 2026 was $150,000, or -3.2% of revenue, impacted by startup and implementation costs.
- 5
Net loss for the second quarter of 2026 was $1.9 million, compared to a loss of $880,000 in the second quarter of 2025.
- 6
Adjusted EBITDA was a loss of $1.2 million for the second quarter of 2026, compared to a loss of $600,000 in the second quarter of 2025.
Management Comments
Riccardo Delle Coste
Our education channel continued to rebuild in the second quarter, as former customers returned and we added new school district wins across the country. That said, while our revenue increased driven by the Arps Dairy acquisition our overall results came in below our expectations for the quarter. Productivity at our existing Arps Dairy facility ramped more slowly than we had planned, driven by the condition of the current facilities infrastructure and equipment that needed more investment than planned to bring it into a more operable condition for the volume of product we needed. The resulting startup and inefficiency costs weighed on gross margin and Adjusted EBITDA more than we anticipated when we issued guidance in May. We are addressing these inefficiencies directly and completing construction of our new 44,000-square-foot facility in Defiance, Ohio remains a top operational priority, as we believe it will meaningfully improve our production economics once commissioned. Given where we stand at the midpoint of the year, we are revising our full year 2026 guidance to reflect a more conservative view of the timeline to normalized production. We expect to achieve Adjusted EBITDA of negative $0.5 million to breakeven in the second half of 2026 as production efficiencies improve and new school district wins ramp for the 2026-27 school year. Our confidence in the underlying opportunity, once our integrated manufacturing platform is fully online, is unchanged.
Informational and educational content only. Not investment advice.