AVO
AVO
Mission Produce, Inc.Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q1-2026 | $278.6M ▼ | $22.1M ▼ | $-700K ▼ | -0.25% ▼ | $-0.01 ▼ | $18.7M ▼ |
| Q4-2025 | $319M ▼ | $27.7M ▲ | $16M ▲ | 5.02% ▲ | $0.22 ▲ | $40.8M ▲ |
| Q3-2025 | $357.7M ▼ | $24.1M ▲ | $14.7M ▲ | 4.11% ▲ | $0.21 ▲ | $30.6M ▲ |
| Q2-2025 | $380.3M ▲ | $21.5M ▼ | $3.1M ▼ | 0.82% ▼ | $0.04 ▼ | $14.2M ▼ |
| Q1-2025 | $334.2M | $22.2M | $3.9M | 1.17% | $0.06 | $20.3M |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q1-2026 | $44.8M ▼ | $997.7M ▲ | $377.6M ▲ | $586.9M ▼ |
| Q4-2025 | $64.8M ▲ | $983M ▼ | $363.1M ▼ | $587.3M ▲ |
| Q3-2025 | $43.7M ▲ | $1B ▼ | $401.9M ▼ | $568.7M ▲ |
| Q2-2025 | $36.7M ▼ | $1.01B ▲ | $426.2M ▲ | $552.3M ▲ |
| Q1-2025 | $40.1M | $997.8M | $414.9M | $550.8M |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q1-2026 | $-100K ▼ | $-3M ▼ | $-11.8M ▲ | $-4.4M ▲ | $-19.1M ▼ | $-14.9M ▼ |
| Q4-2025 | $16.8M ▲ | $67.2M ▲ | $-11.9M ▼ | $-35.3M ▼ | $19.9M ▲ | $55.6M ▲ |
| Q3-2025 | $14.5M ▲ | $34.4M ▲ | $-11.8M ▲ | $-15.3M ▼ | $7.6M ▲ | $22.6M ▲ |
| Q2-2025 | $3M ▼ | $-11.8M ▼ | $-13.3M ▲ | $22.1M ▲ | $-3.2M ▲ | $-25M ▼ |
| Q1-2025 | $6.2M | $-1.2M | $-14.9M | $-1M | $-17.1M | $-16M |
Revenue by Products
| Product | Q1-2025 | Q3-2025 | Q4-2025 | Q1-2026 |
|---|---|---|---|---|
Avocado | $280.00M ▲ | $330.00M ▲ | $590.00M ▲ | $220.00M ▼ |
Blueberry | $40.00M ▲ | $0 ▼ | $50.00M ▲ | $40.00M ▼ |
Mango | $10.00M ▲ | $20.00M ▲ | $50.00M ▲ | $10.00M ▼ |
Other | $0 ▲ | $0 ▲ | $10.00M ▲ | $0 ▼ |
Revenue by Geography
| Region | Q1-2025 | Q3-2025 | Q4-2025 | Q1-2026 |
|---|---|---|---|---|
NonUS | $70.00M ▲ | $80.00M ▲ | $150.00M ▲ | $70.00M ▼ |
UNITED STATES | $260.00M ▲ | $280.00M ▲ | $550.00M ▲ | $210.00M ▼ |
Q1 2026 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at Mission Produce, Inc.'s financial evolution and strategic trajectory over the past five years.
Mission’s main strengths are its leading position in the global avocado supply chain, its vertically integrated model, and its operational and technological capabilities in ripening, shelf‑life, and data analytics. Financially, the company has staged a convincing recovery: revenue is growing strongly, profitability has rebounded, cash generation is solid, and leverage has dropped to very low levels. Diversification into additional fruits and prepared foods, combined with a cleaner, less risky balance sheet, provides a more robust foundation than in prior years.
Key risks include exposure to agricultural and climate variability, commodity price swings, and bargaining power from large retail customers. The company’s track record of margin volatility and rising overhead underscores that profitability can be sensitive to both external conditions and internal cost discipline. Working capital demands can be lumpy, and past write‑downs of goodwill and intangibles hint that not all investments have paid off smoothly. The planned Calavo acquisition introduces further integration and execution risk, especially in expanding into more processed and branded categories.
Taken together, the data point to a company that has emerged from a difficult patch with stronger finances and a clearer strategic position, but that still operates in an inherently volatile environment. If Mission can maintain its cost discipline, continue to convert earnings into cash, and execute well on its growth and integration plans, it appears well placed to sustain its role as a key player in the global avocado and broader fresh‑produce markets. Nonetheless, investors should expect earnings and margins to remain somewhat cyclical, reflecting the realities of the industry rather than any single management decision.
About Mission Produce, Inc.
https://missionproduce.comMission Produce, Inc. engages in sourcing, producing, packaging, and distributing avocados in the United States and internationally. The company operates through two segments, Marketing and Distribution, and International Farming. It also provides value-added services, including ripening, bagging, custom packing, and logistical management.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q1-2026 | $278.6M ▼ | $22.1M ▼ | $-700K ▼ | -0.25% ▼ | $-0.01 ▼ | $18.7M ▼ |
| Q4-2025 | $319M ▼ | $27.7M ▲ | $16M ▲ | 5.02% ▲ | $0.22 ▲ | $40.8M ▲ |
| Q3-2025 | $357.7M ▼ | $24.1M ▲ | $14.7M ▲ | 4.11% ▲ | $0.21 ▲ | $30.6M ▲ |
| Q2-2025 | $380.3M ▲ | $21.5M ▼ | $3.1M ▼ | 0.82% ▼ | $0.04 ▼ | $14.2M ▼ |
| Q1-2025 | $334.2M | $22.2M | $3.9M | 1.17% | $0.06 | $20.3M |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q1-2026 | $44.8M ▼ | $997.7M ▲ | $377.6M ▲ | $586.9M ▼ |
| Q4-2025 | $64.8M ▲ | $983M ▼ | $363.1M ▼ | $587.3M ▲ |
| Q3-2025 | $43.7M ▲ | $1B ▼ | $401.9M ▼ | $568.7M ▲ |
| Q2-2025 | $36.7M ▼ | $1.01B ▲ | $426.2M ▲ | $552.3M ▲ |
| Q1-2025 | $40.1M | $997.8M | $414.9M | $550.8M |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q1-2026 | $-100K ▼ | $-3M ▼ | $-11.8M ▲ | $-4.4M ▲ | $-19.1M ▼ | $-14.9M ▼ |
| Q4-2025 | $16.8M ▲ | $67.2M ▲ | $-11.9M ▼ | $-35.3M ▼ | $19.9M ▲ | $55.6M ▲ |
| Q3-2025 | $14.5M ▲ | $34.4M ▲ | $-11.8M ▲ | $-15.3M ▼ | $7.6M ▲ | $22.6M ▲ |
| Q2-2025 | $3M ▼ | $-11.8M ▼ | $-13.3M ▲ | $22.1M ▲ | $-3.2M ▲ | $-25M ▼ |
| Q1-2025 | $6.2M | $-1.2M | $-14.9M | $-1M | $-17.1M | $-16M |
Revenue by Products
| Product | Q1-2025 | Q3-2025 | Q4-2025 | Q1-2026 |
|---|---|---|---|---|
Avocado | $280.00M ▲ | $330.00M ▲ | $590.00M ▲ | $220.00M ▼ |
Blueberry | $40.00M ▲ | $0 ▼ | $50.00M ▲ | $40.00M ▼ |
Mango | $10.00M ▲ | $20.00M ▲ | $50.00M ▲ | $10.00M ▼ |
Other | $0 ▲ | $0 ▲ | $10.00M ▲ | $0 ▼ |
Revenue by Geography
| Region | Q1-2025 | Q3-2025 | Q4-2025 | Q1-2026 |
|---|---|---|---|---|
NonUS | $70.00M ▲ | $80.00M ▲ | $150.00M ▲ | $70.00M ▼ |
UNITED STATES | $260.00M ▲ | $280.00M ▲ | $550.00M ▲ | $210.00M ▼ |
Q1 2026 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at Mission Produce, Inc.'s financial evolution and strategic trajectory over the past five years.
Mission’s main strengths are its leading position in the global avocado supply chain, its vertically integrated model, and its operational and technological capabilities in ripening, shelf‑life, and data analytics. Financially, the company has staged a convincing recovery: revenue is growing strongly, profitability has rebounded, cash generation is solid, and leverage has dropped to very low levels. Diversification into additional fruits and prepared foods, combined with a cleaner, less risky balance sheet, provides a more robust foundation than in prior years.
Key risks include exposure to agricultural and climate variability, commodity price swings, and bargaining power from large retail customers. The company’s track record of margin volatility and rising overhead underscores that profitability can be sensitive to both external conditions and internal cost discipline. Working capital demands can be lumpy, and past write‑downs of goodwill and intangibles hint that not all investments have paid off smoothly. The planned Calavo acquisition introduces further integration and execution risk, especially in expanding into more processed and branded categories.
Taken together, the data point to a company that has emerged from a difficult patch with stronger finances and a clearer strategic position, but that still operates in an inherently volatile environment. If Mission can maintain its cost discipline, continue to convert earnings into cash, and execute well on its growth and integration plans, it appears well placed to sustain its role as a key player in the global avocado and broader fresh‑produce markets. Nonetheless, investors should expect earnings and margins to remain somewhat cyclical, reflecting the realities of the industry rather than any single management decision.

CEO
John Pawlowski
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(Year 2025)
Upcoming Earnings
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Rating : B-
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