Edible Garden AG Incorporated
- Open
- 1.53
- Day high
- 1.53
- Day low
- 1.46
- Prev close
- 1.52
- Volume
- 80K
- Mkt cap
- $3M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 0.5
- P/S
- 0.2
- Yield
- —
- Per share
- —
- ▲Insiders net buying $253K over the last 3 months (5 open-market buys, 1 sale)
- 🏛Institutions reducing (13F)
Edible Garden AG Incorporated (EDBL) is a Consumer Defensive company listed on NASDAQ. The stock is down 100% over the past year. Over the trailing 3 months, insiders filed 5 open-market buys and 1 sale (SEC Form 4).
Edible Garden AG Incorporated (EDBL) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
EDBL earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 14, 2026 | $-11.70 | $-18.79 | -60.6% | $4M | +5.0% |
| May 15, 2026 | — | $-5.25 | — | $3M | — |
| Mar 26, 2026 | $-5.60 | $-24.81 | -343.0% | $4M | -23.8% |
| Nov 14, 2025 | $-5.10 | $-13.80 | -170.6% | $3M | -27.3% |
| Aug 14, 2025 | $-0.51 | $-65.80 | -12802.0% | $3M | -18.8% |
| May 15, 2025 | $-3.03 | $-24.70 | -715.2% | $3M | -39.3% |
| Mar 31, 2025 | $-9.00 | $-103.40 | -1048.9% | $4M | -6.1% |
| Aug 14, 2024 | $-4.21 | $-250.00 | -5838.2% | $4M | -3.7% |
| May 15, 2024 | $-7.60 | $-3412.50 | -44801.3% | $3M | -2.2% |
| Nov 13, 2023 | $-300.00 | $-3450.00 | -1050.0% | $3M | -9.5% |
| Aug 10, 2023 | $-0.90 | $-1200.00 | -133233.3% | $4M | +15.3% |
| May 15, 2023 | $-1.22 | $-11050.00 | -905637.7% | $2M | +13.7% |
EDBL insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 9, 2026 | HRT FINANCIAL LP10 percent owner | Sell | 537,670 | $0.10 |
| Jul 7, 2026 | HRT FINANCIAL LP10 percent owner | Buy | 266,482 | $0.17 |
| Jul 7, 2026 | HRT FINANCIAL LP10 percent owner | Buy | 100,778 | $0.13 |
| Jul 7, 2026 | HRT FINANCIAL LP10 percent owner | Buy | 49,552 | $0.12 |
| Jun 16, 2026 | Wolinsky Scott10 percent owner | Buy | 950,000 | $0.23 |
| Jun 5, 2026 | Wolinsky Scott10 percent owner | Buy | 150,000 | $0.19 |
| Jan 16, 2026 | Naidrich Michael Josephdirector | Grant | 131,810 | — |
| Jan 5, 2026 | Kras James E.director, officer: President and CEO | Buy | 3,700 | $0.55 |
| Dec 17, 2025 | DonAroma Pameladirector | Grant | 47,364 | — |
| Nov 21, 2025 | DonAroma Pameladirector | Grant | 64,252 | — |
| Nov 21, 2025 | Rogers Ryan L.director | Grant | 93,457 | — |
| Nov 21, 2025 | McConnell Mathew J.director | Grant | 93,457 | — |
| Nov 21, 2025 | Kras James E.director, officer: President and CEO | Grant | 988,247 | $1.07 |
| Nov 21, 2025 | Kras James E.director, officer: President and CEO | Grant | 934,579 | — |
| Jun 9, 2025 | Kras James E.director, officer: President and CEO | Buy | 400 | $2.62 |
Source: EDBL SEC Form 4 filings, latest Jul 9, 2026. For informational purposes only — not investment advice.
See the full EDBL insider & 13F page →Edible Garden AG Incorporated company profile
Overview
Edible Garden AG Incorporated (NASDAQ:EDBL) is a controlled environment agriculture company founded in 2020 and based in Belvidere, New Jersey. The company went public in May 2022 and operates as a vertically integrated producer of fresh herbs, specialty produce, and nutritional products. Since its founding, Edible Garden has evolved from a traditional agricultural producer to a diversified food company focused on sustainable farming practices and higher-margin consumer products.
Business
Edible Garden operates in the controlled environment agriculture industry, which involves growing crops in enclosed facilities using advanced technology to optimize growing conditions. This method allows for year-round production, reduced water usage, and elimination of pesticides compared to traditional outdoor farming. The company's business spans several product categories: 1. **Fresh Herbs and Produce (Core Business)**: Edible Garden produces individually potted live herbs, cut herb clamshells, hydro basil, bulk basil, and various types of lettuce. These products are grown in controlled greenhouse environments and distributed fresh to retailers. This segment represents the company's historical foundation and continues to be a significant revenue driver, with herb sales showing strong growth of 16.3% year-over-year in 2024. 2. **Sports Nutrition Products**: Under the Kick Sports Nutrition brand, the company produces protein powders and nutritional supplements. This represents the company's expansion into the higher-margin nutraceutical market, targeting health-conscious consumers and athletes. 3. **Specialty Food Products**: The company has diversified into shelf-stable food products including Pulp (organic fermented hot sauces), Pickle Party (functional pickles), and Squeezables (herb-based products). These products offer higher margins and longer shelf life compared to fresh produce. 4. **Vitamin and Supplement Lines**: Through brands like Vitamin Way/Vitamin Whey, the company produces various nutritional supplements sold through e-commerce and retail channels. The fresh herbs and produce segment historically represented the majority of revenue, though the company has been strategically shifting toward higher-margin packaged goods, which now represent approximately 15-20% of total revenue based on recent growth trends.
Revenue model
Edible Garden generates revenue primarily through product sales to retailers, operating on a traditional wholesale-to-retail business model. The company sells its products to over 5,000 retail locations, including major chains like Walmart, Meijer, Stop & Shop, ShopRite, and various regional supermarkets. Revenue is generated when retailers purchase products for resale to consumers. The company's business model has several key components: 1. **Direct Sales to Retailers**: The primary revenue stream comes from selling fresh herbs, produce, and packaged goods directly to grocery chains and specialty food retailers. Payment terms are typical for the grocery industry, usually 30-60 days. 2. **Vertical Integration Strategy**: By producing approximately 95% of fresh products in-house rather than relying on contract growers, the company captures more margin along the value chain. This shift has been crucial in improving gross margins from 5.9% in 2023 to 16.7% in 2024. 3. **E-commerce Sales**: The company has developed dedicated e-commerce platforms for its supplement lines and sells through Amazon and Walmart Marketplace, providing direct-to-consumer revenue streams. Several factors influence the company's margins and profitability. Positive margin drivers include the shift away from low-margin categories like lettuce and floral products, increased vertical integration reducing reliance on contract growers, and expansion into higher-margin shelf-stable products. The company's focus on organic and sustainable products also commands premium pricing. Negative margin pressures come from energy costs for controlled environment facilities, transportation and logistics expenses, seasonal demand fluctuations affecting fresh produce sales, and competitive pricing pressure in the commodity-like fresh herb market. The company's small scale relative to industrial agriculture also limits economies of scale benefits.
Competitive moat
Edible Garden's competitive moat is relatively narrow but developing. The company's primary defensive characteristics include its established distribution relationships with over 5,000 retail locations, which create switching costs for retailers and barriers for new entrants. The company has also developed proprietary technology including the GreenThumb greenhouse management system and holds patents for self-watering display technology, though these innovations are not particularly deep or defensible long-term. The controlled environment agriculture space is becoming increasingly competitive, with larger players like AeroFarms, Plenty, and traditional agricultural companies investing heavily in indoor farming technology. Edible Garden's small scale makes it vulnerable to price competition from larger, more efficient producers. The fresh herb and produce categories are largely commoditized, offering limited differentiation opportunities. The company's strongest potential moat lies in its brand development strategy, particularly in the sports nutrition and specialty food segments where consumer loyalty and brand recognition can provide pricing power. However, these newer product lines are still developing and face intense competition from established brands in crowded markets. Geographic concentration in the Eastern United States also limits the company's market reach compared to national players. The company's sustainability messaging and zero-waste mission provide some differentiation, but these attributes are increasingly common in the industry and may not sustain competitive advantage long-term.
Risks & safety
The company's margin of safety is **concerning** with significant financial stress indicators: **Liquidity and Solvency Risks:** - Cash position of only $409,000 as of Q1 2025, down dramatically from $3.5 million at year-end 2024 - Current ratio of 0.82, indicating current liabilities exceed current assets - Free cash flow burn of $3.4 million in Q1 2025 alone - Debt-to-equity ratio of 1.5, showing high leverage **Valuation Metrics:** - Trading at 1.7x book value despite consistent losses - Negative EBITDA of $2.9 million in latest quarter - Enterprise value to EBITDA ratio meaningless due to negative EBITDA **Other Considerations:** - Recent $15.5 million acquisition of NaturalShrimp Farms adds operational complexity - Company has required multiple equity raises to fund operations - Small market cap of approximately $4.4 million increases volatility risk
Recent development
Over the past few years, Edible Garden has undergone a significant strategic transformation from a traditional fresh produce company to a diversified food and nutrition business. The most notable shift has been the deliberate exit from lower-margin categories, particularly lettuce and floral products, which represented a substantial portion of historical revenue. The company has aggressively pursued vertical integration, reducing reliance on contract growers from a significant portion of production to approximately 5% of fresh products now produced externally. This strategy has been central to improving gross margins from single digits to the mid-teens range. **New Product Development** has been a key focus, with launches including the Kick Sports Nutrition line targeting the protein powder market, Pulp organic fermented hot sauces, Pickle Party functional pickles, and Squeezables herb products. These shelf-stable, higher-margin products represent the company's attempt to reduce dependence on perishable produce. The company completed its most significant acquisition in early 2025, purchasing NaturalShrimp Farms for $15.5 million. This fully operational aquaculture facility in Iowa provides potential for R&D, warehousing, and expansion into nutraceutical products, though integration plans are still developing. **Distribution expansion** has been consistent, growing from 4,000 retail locations in 2022 to over 5,000 currently, with particular success in securing placements at major chains like Walmart. The company has also invested in e-commerce capabilities and proprietary display technology to enhance retail presence.
EDBL company profile · for informational purposes only — not investment advice.
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