EDBLW
EDBLW
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 managed to cut operating expenses by 9%, showing some cost control. Loss per share improved thanks to a higher share count, which may help with future fundraising.
What's concerning?
Revenue dropped 10% and gross margins were cut in half, showing the business is struggling to grow or control costs. Losses remain large, and heavy dilution hurts existing 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 tangible, with little risk from goodwill write-downs. The company still has positive equity and owns substantial property and equipment.
What are the financial risks or weaknesses?
Cash has dropped sharply, most debt is due soon, payables are being stretched, and the company has a long history of losses. Liquidity is tight and equity is falling.
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 is shrinking compared to last quarter, and the company can still raise funds through debt and equity. Operating losses are getting smaller.
What are the cash flow concerns?
The business is burning real cash, not just accounting losses. Cash reserves are almost gone, and the company is highly dependent on borrowing and issuing new shares to survive.
Revenue by Products
| Product | Q2-2024 | Q3-2024 | Q2-2025 | Q3-2025 |
|---|---|---|---|---|
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, a notable recent improvement in gross profitability, and a much healthier balance sheet following a substantial increase in cash and the return to positive equity. The company has differentiated itself with a strong sustainability narrative, proprietary operational technology, and patented in‑store solutions that appeal to major retailers. Its expansion into higher‑margin, branded and nutraceutical products, together with potential international expansion via acquisition, offers multiple avenues for future growth if executed well.
Major risks center on persistent and widening operating and cash flow losses, which have required ongoing external financing and caused significant shareholder dilution. The core business has not yet shown an ability to generate positive cash flow, so the current cash buffer may erode if conditions do not improve. The company faces intense competition from larger and better‑capitalized producers and from retailer private labels, in an industry where pricing power is limited. Execution risks around integrating acquisitions, scaling new product lines, and managing a more complex portfolio add further uncertainty. Regulatory, agricultural, and input‑cost risks typical of food production also apply.
The forward picture is mixed. On one hand, consumer and retailer interest in sustainable, traceable, and value‑added food products provides a supportive backdrop for the company’s strategy, and its strengthened liquidity offers some time to pursue that strategy. On the other hand, the historical financials show no clear turnaround yet in profitability or cash generation, and the company’s small scale leaves it vulnerable to competitive and funding pressures. The ultimate trajectory will depend on whether management can translate its innovation, branding, and new product initiatives into enough scale and margin improvement to close the gap between revenue and costs before the current capital cushion is exhausted. Uncertainty is high, and outcomes could vary widely depending on execution and market conditions.
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 managed to cut operating expenses by 9%, showing some cost control. Loss per share improved thanks to a higher share count, which may help with future fundraising.
What's concerning?
Revenue dropped 10% and gross margins were cut in half, showing the business is struggling to grow or control costs. Losses remain large, and heavy dilution hurts existing 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 tangible, with little risk from goodwill write-downs. The company still has positive equity and owns substantial property and equipment.
What are the financial risks or weaknesses?
Cash has dropped sharply, most debt is due soon, payables are being stretched, and the company has a long history of losses. Liquidity is tight and equity is falling.
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 is shrinking compared to last quarter, and the company can still raise funds through debt and equity. Operating losses are getting smaller.
What are the cash flow concerns?
The business is burning real cash, not just accounting losses. Cash reserves are almost gone, and the company is highly dependent on borrowing and issuing new shares to survive.
Revenue by Products
| Product | Q2-2024 | Q3-2024 | Q2-2025 | Q3-2025 |
|---|---|---|---|---|
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, a notable recent improvement in gross profitability, and a much healthier balance sheet following a substantial increase in cash and the return to positive equity. The company has differentiated itself with a strong sustainability narrative, proprietary operational technology, and patented in‑store solutions that appeal to major retailers. Its expansion into higher‑margin, branded and nutraceutical products, together with potential international expansion via acquisition, offers multiple avenues for future growth if executed well.
Major risks center on persistent and widening operating and cash flow losses, which have required ongoing external financing and caused significant shareholder dilution. The core business has not yet shown an ability to generate positive cash flow, so the current cash buffer may erode if conditions do not improve. The company faces intense competition from larger and better‑capitalized producers and from retailer private labels, in an industry where pricing power is limited. Execution risks around integrating acquisitions, scaling new product lines, and managing a more complex portfolio add further uncertainty. Regulatory, agricultural, and input‑cost risks typical of food production also apply.
The forward picture is mixed. On one hand, consumer and retailer interest in sustainable, traceable, and value‑added food products provides a supportive backdrop for the company’s strategy, and its strengthened liquidity offers some time to pursue that strategy. On the other hand, the historical financials show no clear turnaround yet in profitability or cash generation, and the company’s small scale leaves it vulnerable to competitive and funding pressures. The ultimate trajectory will depend on whether management can translate its innovation, branding, and new product initiatives into enough scale and margin improvement to close the gap between revenue and costs before the current capital cushion is exhausted. Uncertainty is high, and outcomes could vary widely depending on execution and market conditions.

CEO
James E. Kras
Compensation Summary
(Year 2024)
Upcoming Earnings
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2026-02-03 | Forward | 10:1 |
Ratings Snapshot
Rating : C+
Price Target
Institutional Ownership
ARENA INVESTORS LP
Shares:220K
Value:$22K
BARD ASSOCIATES INC
Shares:144.53K
Value:$14.45K
HUDSON BAY CAPITAL MANAGEMENT LP
Shares:100K
Value:$10K
Summary
Showing Top 3 of 9

