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EDBLW

Edible Garden AG Incorporated

EDBLW

Edible Garden AG Incorporated • NASDAQ
$0.14 ▼ -2.17% (-0.00)
Market Cap $6.55 M
52w High $0.20
52w Low $0.14
Dividend Yield 0%
P/E -0.11
Volume 12
Outstanding Shares 42.85M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $2.817M ▼ $3.831M ▼ $-4.045M ▼ -143.592% ▼ $-1.38 ▲ $-2.544M ▲
Q2-2025 $3.146M ▲ $4.227M ▲ $-4.043M ▼ -128.512% ▼ $-6.58 ▼ $-3.219M ▼
Q1-2025 $2.718M ▼ $3.014M ▲ $-3.324M ▼ -122.296% ▼ $-2.47 ▼ $-2.583M ▲
Q4-2024 $3.872M ▲ $2.764M ▲ $-3.079M ▼ -79.52% ▲ $-2.2 ▼ $-3.083M ▼
Q3-2024 $2.584M $2.189M $-2.063M -79.837% $-0.65 $-1.409M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $828K ▼ $20.132M ▼ $7.209M ▲ $12.923M ▼
Q2-2025 $2.821M ▲ $21.814M ▲ $5.222M ▼ $16.592M ▲
Q1-2025 $409K ▼ $8.535M ▼ $6.617M ▼ $1.918M ▼
Q4-2024 $3.53M ▲ $11.915M ▲ $7.821M ▲ $4.094M ▲
Q3-2024 $2.214M $8.863M $5.604M $3.259M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-4.045M ▼ $-2.378M ▲ $-409K ▼ $794K ▼ $-1.993M ▼ $-2.787M ▲
Q2-2025 $-4.043M ▼ $-3.432M ▼ $-54K ▲ $5.898M ▲ $2.412M ▲ $-3.486M ▼
Q1-2025 $-3.324M ▼ $-3.332M ▼ $-68K ▲ $279K ▼ $-3.121M ▼ $-3.411M ▼
Q4-2024 $-3.079M ▼ $-1.755M ▼ $-126K ▼ $3.197M ▲ $1.316M ▲ $-1.881M ▼
Q3-2024 $-2.063M $-1.112M $-10K $1.148M $26K $-1.122M

Revenue by Products

Product Q2-2024Q3-2024Q2-2025Q3-2025
Vitamins and Supplements
Vitamins and Supplements
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement The company’s income statement points to a business that is still very much in the “build” phase rather than the “harvest” phase. Revenue has been tiny and fairly flat, with no clear sign of scale yet. Operating results have been negative for several years, meaning the core business is not covering its own costs. Net losses have been persistent, and the extreme swings in reported earnings per share likely reflect capital structure changes rather than true business improvement. Overall, the income statement shows an early-stage, unprofitable company that has not yet demonstrated consistent growth or operating leverage in its current form.

Balance Sheet

Balance Sheet The balance sheet looks thin and fragile. Reported assets are very small, cash balances are effectively negligible, and equity has hovered around zero, even dipping negative at one point. Debt has come and gone, suggesting reliance on outside funding but without building a strong capital base. This structure leaves only a small cushion to absorb shocks. In plain terms, the company appears under-capitalized and financially delicate, which increases its sensitivity to any operational or funding setbacks.

Cash Flow

Cash Flow Cash flow has been consistently negative from operations, and free cash flow has tracked these losses because there is little to no meaningful investment spending. This means the business is consuming cash rather than generating it, and any growth or ongoing operations likely depend on fresh capital from investors or lenders. The absence of strong internal cash generation heightens financing risk and puts pressure on management to either improve profitability, slow spending, or secure additional funding on acceptable terms.

Competitive Edge

Competitive Edge On the competitive side, the company positions itself as a technology-enabled, sustainability-focused player in controlled environment agriculture. Its strengths include a recognizable sustainability narrative, patented greenhouse management and in-store display systems, and relationships with large retail chains across many locations. The mix of fresh produce plus branded packaged goods helps it stand out from pure-play greenhouse growers. However, the overall market is crowded and capital intensive, and the company’s small scale and weak financial footing limit its ability to outspend larger rivals or endure prolonged setbacks. Its competitive position is differentiated but not yet firmly entrenched.

Innovation and R&D

Innovation and R&D Innovation is a clear bright spot. The company has developed proprietary greenhouse management software, patented self-watering retail displays, and acquired advanced aquaculture and water-treatment technologies. It is also experimenting with sustainable packaging and expanding into higher-margin packaged products like supplements, sauces, and pickled items. These efforts create multiple potential growth avenues and help support a “zero-waste” brand identity. The key question is not whether the ideas are interesting—they are—but whether the company can execute, scale, and monetize them fast enough given its financial constraints.

Summary

Overall, this looks like an innovation-heavy, early-stage agricultural and food platform that has not yet proven its financial durability. The strategy leans on sustainability, technology, and a broader product mix, including higher-margin consumer packaged goods, all of which could improve economics over time if successfully scaled. At the same time, the historical numbers show a business with minimal revenue, ongoing losses, weak cash generation, and a very light balance sheet. The main uncertainties center on the path to sustainable profitability, the ability to maintain and expand retail partnerships, the integration of new technologies like aquaculture, and access to capital if the current loss profile persists.