EDBL
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Edible Garden AG IncorporatedIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $2.82M ▼ | $3.83M ▼ | $-4.04M ▼ | -143.59% ▼ | $-13.8 ▲ | $-2.54M ▲ |
| Q2-2025 | $3.15M ▲ | $4.23M ▲ | $-4.04M ▼ | -128.51% ▼ | $-65.8 ▼ | $-3.22M ▼ |
| Q1-2025 | $2.72M ▼ | $3.01M ▲ | $-3.32M ▼ | -122.3% ▼ | $-24.7 ▼ | $-2.58M ▲ |
| Q4-2024 | $3.87M ▲ | $2.76M ▲ | $-3.08M ▼ | -79.52% ▲ | $-22 ▼ | $-3.08M ▼ |
| Q3-2024 | $2.58M | $2.19M | $-2.06M | -79.84% | $-6.5 | $-1.41M |
What's going well?
The company kept losses steady despite falling sales, and there were no one-time charges distorting results. The increase in share count helped reduce the loss per share.
What's concerning?
Revenue is shrinking, margins are getting worse, and costs remain high. The company is still losing more than a dollar for every dollar it sells, and dilution is hurting shareholders.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $828K ▼ | $20.13M ▼ | $7.21M ▲ | $12.92M ▼ |
| Q2-2025 | $2.82M ▲ | $21.81M ▲ | $5.22M ▼ | $16.59M ▲ |
| Q1-2025 | $409K ▼ | $8.54M ▼ | $6.62M ▼ | $1.92M ▼ |
| Q4-2024 | $3.53M ▲ | $11.91M ▲ | $7.82M ▲ | $4.09M ▲ |
| Q3-2024 | $2.21M | $8.86M | $5.6M | $3.26M |
What's financially strong about this company?
Most assets are real, tangible things like equipment and inventory, not just accounting entries. The company still has positive equity, and no goodwill risk.
What are the financial risks or weaknesses?
Cash is running low, debt is rising, and payables have ballooned, suggesting trouble paying bills. Retained losses are deep, and equity is falling fast.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $-4.04M ▼ | $-2.38M ▲ | $-409K ▼ | $794K ▼ | $-1.99M ▼ | $-2.79M ▲ |
| Q2-2025 | $-4.04M ▼ | $-3.43M ▼ | $-54K ▲ | $5.9M ▲ | $2.41M ▲ | $-3.49M ▼ |
| Q1-2025 | $-3.32M ▼ | $-3.33M ▼ | $-68K ▲ | $279K ▼ | $-3.12M ▼ | $-3.41M ▼ |
| Q4-2024 | $-3.08M ▼ | $-1.75M ▼ | $-126K ▼ | $3.2M ▲ | $1.32M ▲ | $-1.88M ▼ |
| Q3-2024 | $-2.06M | $-1.11M | $-10K | $1.15M | $26K | $-1.12M |
What's strong about this company's cash flow?
Cash burn improved this quarter, with operating and free cash flow losses shrinking. Capital spending is modest, so the business isn't overly capital-intensive.
What are the cash flow concerns?
The company is still losing real cash, is highly dependent on outside funding, and has a dangerously low cash balance. Without new money, it could run out of cash within weeks.
Revenue by Products
| Product | Q3-2024 | Q4-2024 | Q1-2025 | Q2-2025 |
|---|---|---|---|---|
Vitamins and Supplements | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
Q3 2025 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at Edible Garden AG Incorporated's financial evolution and strategic trajectory over the past five years.
Key positives include steady revenue growth, recent improvements in gross margin, and a much stronger balance sheet with higher cash and positive equity. The company has a differentiated sustainability-focused brand, proprietary greenhouse management technology, and broad retail distribution that many small peers lack. Its push into branded CPG products offers a path toward better margins and more diversified revenue beyond commodity-like fresh produce.
Major concerns center on persistent and sizable operating losses, structurally negative free cash flow, and large accumulated deficits. Overhead costs have outpaced revenue growth, and the business remains dependent on raising new capital to fund operations, which can lead to shareholder dilution and pressure if market conditions tighten. Competitive pressures from larger agricultural and food companies, execution risk in scaling CPG brands, and the need to maintain retailer support add further uncertainty.
The outlook is a mix of potential and pressure. Edible Garden has laid the groundwork for a more valuable business through technology, branding, and channel access, and it now has a stronger liquidity position to buy time. The key to a more favorable future trajectory will be converting these strategic assets into a leaner cost base, improved margins, and eventually self-funding operations. Until there is clear evidence of sustained margin improvement and reduced cash burn, the story remains that of an innovative but financially challenged company working toward a still-uncertain path to profitability.
About Edible Garden AG Incorporated
https://ediblegardenag.comEdible Garden AG Incorporated, together with its subsidiaries, operate as a controlled environment agriculture farming company.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $2.82M ▼ | $3.83M ▼ | $-4.04M ▼ | -143.59% ▼ | $-13.8 ▲ | $-2.54M ▲ |
| Q2-2025 | $3.15M ▲ | $4.23M ▲ | $-4.04M ▼ | -128.51% ▼ | $-65.8 ▼ | $-3.22M ▼ |
| Q1-2025 | $2.72M ▼ | $3.01M ▲ | $-3.32M ▼ | -122.3% ▼ | $-24.7 ▼ | $-2.58M ▲ |
| Q4-2024 | $3.87M ▲ | $2.76M ▲ | $-3.08M ▼ | -79.52% ▲ | $-22 ▼ | $-3.08M ▼ |
| Q3-2024 | $2.58M | $2.19M | $-2.06M | -79.84% | $-6.5 | $-1.41M |
What's going well?
The company kept losses steady despite falling sales, and there were no one-time charges distorting results. The increase in share count helped reduce the loss per share.
What's concerning?
Revenue is shrinking, margins are getting worse, and costs remain high. The company is still losing more than a dollar for every dollar it sells, and dilution is hurting shareholders.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $828K ▼ | $20.13M ▼ | $7.21M ▲ | $12.92M ▼ |
| Q2-2025 | $2.82M ▲ | $21.81M ▲ | $5.22M ▼ | $16.59M ▲ |
| Q1-2025 | $409K ▼ | $8.54M ▼ | $6.62M ▼ | $1.92M ▼ |
| Q4-2024 | $3.53M ▲ | $11.91M ▲ | $7.82M ▲ | $4.09M ▲ |
| Q3-2024 | $2.21M | $8.86M | $5.6M | $3.26M |
What's financially strong about this company?
Most assets are real, tangible things like equipment and inventory, not just accounting entries. The company still has positive equity, and no goodwill risk.
What are the financial risks or weaknesses?
Cash is running low, debt is rising, and payables have ballooned, suggesting trouble paying bills. Retained losses are deep, and equity is falling fast.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $-4.04M ▼ | $-2.38M ▲ | $-409K ▼ | $794K ▼ | $-1.99M ▼ | $-2.79M ▲ |
| Q2-2025 | $-4.04M ▼ | $-3.43M ▼ | $-54K ▲ | $5.9M ▲ | $2.41M ▲ | $-3.49M ▼ |
| Q1-2025 | $-3.32M ▼ | $-3.33M ▼ | $-68K ▲ | $279K ▼ | $-3.12M ▼ | $-3.41M ▼ |
| Q4-2024 | $-3.08M ▼ | $-1.75M ▼ | $-126K ▼ | $3.2M ▲ | $1.32M ▲ | $-1.88M ▼ |
| Q3-2024 | $-2.06M | $-1.11M | $-10K | $1.15M | $26K | $-1.12M |
What's strong about this company's cash flow?
Cash burn improved this quarter, with operating and free cash flow losses shrinking. Capital spending is modest, so the business isn't overly capital-intensive.
What are the cash flow concerns?
The company is still losing real cash, is highly dependent on outside funding, and has a dangerously low cash balance. Without new money, it could run out of cash within weeks.
Revenue by Products
| Product | Q3-2024 | Q4-2024 | Q1-2025 | Q2-2025 |
|---|---|---|---|---|
Vitamins and Supplements | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
Q3 2025 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at Edible Garden AG Incorporated's financial evolution and strategic trajectory over the past five years.
Key positives include steady revenue growth, recent improvements in gross margin, and a much stronger balance sheet with higher cash and positive equity. The company has a differentiated sustainability-focused brand, proprietary greenhouse management technology, and broad retail distribution that many small peers lack. Its push into branded CPG products offers a path toward better margins and more diversified revenue beyond commodity-like fresh produce.
Major concerns center on persistent and sizable operating losses, structurally negative free cash flow, and large accumulated deficits. Overhead costs have outpaced revenue growth, and the business remains dependent on raising new capital to fund operations, which can lead to shareholder dilution and pressure if market conditions tighten. Competitive pressures from larger agricultural and food companies, execution risk in scaling CPG brands, and the need to maintain retailer support add further uncertainty.
The outlook is a mix of potential and pressure. Edible Garden has laid the groundwork for a more valuable business through technology, branding, and channel access, and it now has a stronger liquidity position to buy time. The key to a more favorable future trajectory will be converting these strategic assets into a leaner cost base, improved margins, and eventually self-funding operations. Until there is clear evidence of sustained margin improvement and reduced cash burn, the story remains that of an innovative but financially challenged company working toward a still-uncertain path to profitability.

CEO
James E. Kras
Compensation Summary
(Year 2023)
Upcoming Earnings
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2026-02-03 | Reverse | 1:10 |
| 2025-03-03 | Reverse | 1:25 |
ETFs Holding This Stock
Summary
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Ratings Snapshot
Rating : C+
Price Target
Institutional Ownership
Summary
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