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ABVE

Above Food Ingredients Inc. Common Stock

ABVE

Above Food Ingredients Inc. Common Stock • NASDAQ
$2.99 ▲ 13.69% (+0.36)
Market Cap $153.06 M
52w High $6.56
52w Low $0.25
Dividend Yield 0%
P/E -1.75
Volume 12.73M
Outstanding Shares 51.19M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2024 $0 ▼ $774.124K ▼ $-32.617K ▲ 0% ▲ $-0.003 ▲ $-774.119K ▲
Q4-2023 $94.717M ▲ $12.753M ▲ $-22.649M ▼ -23.912% ▼ $-6.02 ▼ $-16.005M ▼
Q3-2023 $0 $668.98K ▼ $123.995K ▲ 0% $0.014 ▲ $-668.976K ▲
Q2-2023 $0 $1.586M ▲ $-742.433K ▲ 0% $-0.086 ▲ $-1.586M ▼
Q1-2023 $0 $1.235M $-1.012M 0% $-0.117 $-1.235M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2024 $5.809K ▲ $34.749M ▲ $5.963M ▲ $28.786M ▲
Q4-2023 $947 ▼ $30.922M ▼ $4.076M ▼ $-46.258M ▼
Q3-2023 $260.4K ▲ $160.561M ▲ $184.866M ▲ $-24.305M ▼
Q2-2023 $12.323K ▼ $41.215M ▼ $4.39M ▲ $36.825M ▼
Q1-2023 $53.287K $41.684M $3.328M $38.355M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2024 $-32.617K ▼ $-799.497K ▼ $7.738M ▲ $-6.934M ▼ $4.524K ▲ $-799.497K ▼
Q4-2023 $229.047K ▲ $-285.455K ▲ $-171K ▼ $456.681K ▲ $227 ▲ $-647.51K ▼
Q3-2023 $123.995K ▲ $-301.508K ▲ $1.435M ▲ $-1.145M ▼ $-11.622K ▲ $-301.508K ▲
Q2-2023 $-742.433K ▲ $-742.23K ▼ $-112.369K ▲ $814.729K ▲ $-39.87K ▲ $-742.23K ▼
Q1-2023 $-1.012M $-368.209K $-405.6K $710.079K $-63.73K $-368.209K

Five-Year Company Overview

Income Statement

Income Statement Above Food is still very much in the early build‑out phase. Sales are small and have not yet scaled to a level that covers operating costs. Recent years show persistent operating losses and widening net losses, which means the company is spending significantly more than it earns. Profitability has moved in the wrong direction lately, with pressure even at the gross profit level, suggesting either high input and processing costs, pricing pressure, or start‑up inefficiencies in its newer platforms. Overall, the income statement reflects a business investing heavily ahead of revenue, with a meaningful gap to break‑even.

Balance Sheet

Balance Sheet The balance sheet is thin and shows signs of financial strain. The asset base is small, cash appears very limited, and debt has become a more important part of the funding mix. Equity has recently turned negative, which signals that accumulated losses have eroded the company’s capital cushion. This structure gives Above Food less room for error and likely makes it more dependent on supportive lenders, new equity raises, or strategic partners to fund growth and ongoing operations.

Cash Flow

Cash Flow Cash generation from the core business is weak and inconsistent. Operating cash flow has hovered around break‑even, occasionally slightly positive but not in a way that yet looks durable. Investment needs have been modest but still enough to tip free cash flow into negative territory in some years. Put simply, the company is not self‑funding; it relies on external capital rather than internally generated cash to pursue its strategy and invest in innovation.

Competitive Edge

Competitive Edge Strategically, Above Food is trying to carve out a differentiated position rather than compete as a generic ingredient supplier. Its vertically integrated “seed‑to‑fork” model, focus on regenerative agriculture, and full traceability create a story that can resonate with retailers and consumers who care about sustainability and transparency. The company also benefits from owning several manufacturing platforms and a mix of ingredient, branded, and private‑label offerings. However, it operates in a crowded, fast‑moving plant‑based and packaged foods space, up against both large global food companies and many well‑funded start‑ups. Scale, brand recognition, and distribution depth still lag industry leaders, so execution and the ability to convert its story into consistent demand are critical.

Innovation and R&D

Innovation and R&D Innovation is the clear strength of Above Food. It is investing in AI‑driven seed genetics, advanced agronomy, and food technologies like 3D plant‑based bioprinting and dry fermentation. These tools could enable custom crops, more nutritious and sustainable ingredients, and novel products such as plant‑based bacon and improved meat and dairy alternatives. The merger with a fintech platform to tokenize agricultural assets and use blockchain adds a second, more experimental layer of innovation, blending agritech with finance. The opportunity is large but complex: integrating these technologies, scaling them beyond pilots, and proving economic value for farmers, customers, and the company itself will take time and carries high execution risk.

Summary

Above Food is an ambitious, innovation‑heavy food company with a bold story and fragile financials. On one side, it has a differentiated vision built on vertical integration, regenerative practices, AI‑driven crop development, and cutting‑edge plant‑based food technologies, plus an uncommon push into blockchain‑enabled agricultural finance. On the other side, it remains very small, unprofitable, thinly capitalized, and reliant on external funding, all in an industry where scale and execution matter enormously. The key things to watch going forward are: whether revenue can grow meaningfully, whether gross margins improve as operations mature, how quickly cash burn is controlled, and how effectively the company integrates its fintech assets and translates its innovation pipeline into stable, repeatable business. Overall, this is a high‑uncertainty, early‑stage story with significant strategic upside but equally significant financial and execution risk.

NEWS

November 28, 2025 · 9:01 AM UTC

Above Food Ingredients Inc. Announces Major Strategic Milestones, Merger Advancement with Palm Global, and Expected Profit Exceeding $30 Million for Fiscal Year Ended January 31, 2026

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October 24, 2025 · 10:48 AM UTC

Above Food Congratulates Merger Partner Palm Global Technologies and Subsidiary Palm Promax Investments on Landmark Burkina Faso Stablecoin Agreement and Multi-Trillion-Dollar Gold- and Mineral-Backed Asset Commitment

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