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SOWG

Sow Good Inc.

SOWG

Sow Good Inc. • NASDAQ
$0.60 ▼ -0.98% (-0.01)
Market Cap $6.97 M
52w High $4.12
52w Low $0.51
Dividend Yield 0%
P/E -0.31
Volume 14.76K
Outstanding Shares 11.54M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.553M ▼ $3.67M ▼ $-10.935M ▼ -704.09% ▼ $-0.9 ▼ $-10.582M ▼
Q2-2025 $1.856M ▼ $3.944M ▲ $-4.187M ▼ -225.528% ▼ $-0.36 ▼ $-3.807M ▼
Q1-2025 $2.477M ▲ $2.144M ▼ $-2.571M ▲ -103.8% ▲ $-0.23 ▲ $-1.032M ▲
Q4-2024 $1.384M ▼ $2.896M ▼ $-4.168M ▼ -301.162% ▼ $-0.4 ▼ $-3.394M ▼
Q3-2024 $3.554M $3.813M $-3.38M -95.097% $-0.33 $-2.21M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $387.294K ▼ $25.571M ▼ $6.482M ▼ $19.089M ▼
Q2-2025 $959.416K ▼ $49.985M ▼ $21.415M ▼ $28.571M ▼
Q1-2025 $1.615M ▼ $52.723M ▼ $21.934M ▼ $30.789M ▼
Q4-2024 $3.723M ▼ $54.696M ▼ $22.708M ▼ $31.988M ▼
Q3-2024 $6.946M $57.668M $24.845M $32.823M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-10.935M ▼ $-1.12M ▼ $248.064K ▲ $0 $-572.122K ▲ $-905K ▼
Q2-2025 $-4.187M ▼ $-514.342K ▲ $-141.35K ▼ $0 $-655.692K ▲ $-655.692K ▲
Q1-2025 $-2.571M ▲ $-2.001M ▲ $-107.79K ▲ $0 ▼ $-2.108M ▲ $-2.108M ▲
Q4-2024 $-4.168M ▼ $-3.302M ▲ $-1.459M ▲ $1.537M ▲ $-3.223M ▲ $-4.76M ▲
Q3-2024 $-3.38M $-5.185M $-2.241M $-1 $-7.427M $-7.427M

Five-Year Company Overview

Income Statement

Income Statement Sow Good is still in the very early stages of its income story. Revenue has only recently started to show up in a meaningful way after several years of essentially no sales. Gross profit has turned positive, but operating results are still hovering around break-even with a history of small but persistent losses. Earnings per share remain negative, though the loss per share has been shrinking over time. This suggests the core business is slowly improving, but it is not yet at a stable, consistently profitable point. The company is clearly still in “build and scale” mode rather than in a mature, earnings-focused phase.

Balance Sheet

Balance Sheet The balance sheet is very small and still quite thin. Total assets have grown from a very low base, but the company does not appear to hold much cash, which can limit its flexibility and resilience if conditions worsen. Debt has crept up but remains modest in absolute terms, while equity is positive but not large. Overall, this looks like a lean, early-stage balance sheet that leaves limited margin for error and likely keeps Sow Good dependent on continued revenue growth or outside funding to support expansion and innovation.

Cash Flow

Cash Flow Cash flows highlight a business that is not yet self-funding. Operating cash flow has been slightly negative in most recent years, indicating the company still consumes cash to run day-to-day operations. Free cash flow is also negative, though capital spending has been restrained. In simple terms, the company is still burning some cash to grow and operate, and the path to sustainable, positive cash generation is a key uncertainty for the next phase of its development.

Competitive Edge

Competitive Edge Sow Good operates in packaged foods, but in a very specific niche: freeze-dried candy and snacks. Its main strength is a differentiated product experience—light, crunchy, intensely flavored treats that stand out from typical candy. This has helped it secure shelf space and retail partnerships despite its small size. The company’s custom-built, large-scale freeze-drying equipment and process knowledge create a real hurdle for copycats, at least in the near term. Its first-mover positioning in commercial-scale freeze-dried candy, growing retail footprint, and private-label deals add to that edge. The flip side is that the broader snack and candy market is crowded and fast-moving, so the company must keep proving that its brand and technology can hold attention as others try to follow.

Innovation and R&D

Innovation and R&D Innovation is at the heart of Sow Good’s story. The company has developed its own freeze-drying technology and custom machinery, tuned specifically for candy and other snacks. This allows for tighter control of texture and flavor than standard equipment, and supports large-scale production, which is a meaningful advantage over smaller, more artisanal rivals. Product innovation is also active: freeze-dried candy lines, freeze-dried desserts, healthier fruit and vegetable offerings, and a growing menu of private-label projects, including new products like caramel-based snacks and potential yogurt melts. The move toward making more ingredients in-house and expanding into international markets further shows a willingness to invest in new capabilities. One notable wildcard is its stated interest in digital and crypto assets, which is highly unusual for a food company. This could open new financial optionality but also introduces complexity and risk that is not directly tied to its core manufacturing and product innovation strengths.

Summary

Sow Good is an early-stage packaged foods company built around a distinctive freeze-dried snacking concept and proprietary manufacturing technology. Financially, it is transitioning from almost no revenue to a small but growing business, with improving but still negative earnings and continued cash burn. The balance sheet is lean, offering limited cushioning and keeping the company reliant on growth and careful capital management. Strategically, its advantages lie in custom-built freeze-drying machinery, process know-how, and early leadership in a new snack subcategory, supported by growing retail and private-label relationships. The company is actively innovating in products, processes, and channels, while also pursuing unusual initiatives such as a crypto asset strategy, which adds both potential upside and non-core risk. Overall, Sow Good represents a young, niche consumer brand with promising technology and products but still-fragile financials. The key questions ahead are whether it can scale sales fast enough, reach consistent profitability, and maintain its competitive edge as larger players and imitators respond to the freeze-dried candy trend.

NEWS

November 14, 2025 · 8:00 AM UTC

Sow Good Reports Third Quarter 2025 Results

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October 31, 2025 · 8:00 AM UTC

Sow Good to Hold Third Quarter 2025 Conference Call on Friday, November 14, 2025 at 10:00 a.m. ET

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