Edible Garden AG Incorporated (EDBL) Earnings
Edible Garden AG Incorporated is expected to report next earnings on November 12, 2026 (in NaN days), with a consensus EPS estimate of $-1.96. EDBL has beaten EPS estimates in 0 of its last 11 reported quarters (average surprise -3344.0% over the last four).
| 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% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q2 FY2026 · August 14, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Core Fresh Produce Business Growth * Delivered double-digit year-over-year revenue growth, with broad-based growth across all product categories, led by 42%+ growth in cut-off herb sales and 50% growth in butter and potted herbs * Secured new multi-year private label contract with a major Midwest retailer, and was awarded fresh-cut herb distribution via a key Target Midwest distribution center to expand regional coverage * Optimizing logistics network in the Metro New York region by shifting volume from direct store delivery to retail distribution centers to reduce transportation costs and improve operating leverage * Benefiting from ongoing industry consolidation, as major competitors exit the controlled environment agriculture (CEA) space; Edible Garden's strong reputation for on-time, in-full delivery and reliable service has attracted new business from retailers seeking stable suppliers - Strategic RTD Manufacturing Expansion (Farm-to-Formula Strategy) * Completed successful prototype production of proprietary clean label formulations at Tetra Pak's new product development center under commercial processing conditions, generating production data to optimize products and advance commercial preparations * Continued design, engineering and construction progress on the Prairie Hills RTD manufacturing facility in Webster City, Iowa, in partnership with Structura Architects and E2 Building Group * The facility will be a flexible, high-capacity shelf-stable clean label nutritional beverage platform using Tetra Pak technology, with full annual capacity of over 100 million beverage units, serving categories including sports nutrition, protein beverages, functional wellness, meal replacement and GLP-1 support * The platform will support the company's own brands, as well as private label and co-manufacturing opportunities, leveraging Edible Garden's existing 6,000+ retail location footprint and established retailer relationships to expand its addressable market - Financial and Operational Efficiency * Reduced SG&A expenses by 21.5% year-over-year through company-wide focus on cost discipline and operating efficiency * Improved net loss year-over-year and delivered positive operating cash flow for the second consecutive quarter
Guidance
- The Prairie Hills RTD manufacturing facility remains on schedule for the first commercial production to launch in the tail end of 2027 * To capture pent-up product demand ahead of the Prairie Hills launch, the company will start product launches with a third-party co-manufacturer in Q4 2026 to test formulations and generate early revenue * Management expects continued revenue growth in the core fresh produce business, enabled by industry consolidation and expanded retail distribution, with a path to improving profitability over time via operating leverage and cost discipline * Management maintains the long-term strategic goal of transforming Edible Garden from a specialty produce business into a broader clean label food and nutrition company via the Prairie Hills platform
Segment performance
Edible Garden reports total revenue of $3.6 million for Q2 2026, a 12.8% year-over-year increase from $3.1 million in Q2 2025. Total gross sales increased 31% year-over-year. The butter and potted herb segment grew $0.5 million (50% year-over-year), driving most of the company's top-line growth. Cut-off fresh herb sales increased more than 42% year-over-year, supported by new retailer programs and expanded distribution. Growth was also recorded across the company's potted herbs, international vitamins, and condiments segments. Gross profit for the quarter was $0.6 million, flat year-over-year, due to elevated cost of goods sold. Selling, general and administrative (SG&A) expenses declined 21.5% year-over-year to $3.1 million from $4 million in the prior year quarter. Net loss improved to $3.3 million from $4 million in Q2 2025. Operating cash flow was positive $0.9 million for the first half of 2026, compared to a $6.8 million cash outflow from operations in the prior year period.
Risks & headwinds
- Forward-looking statements, including projections for the Prairie Hills facility launch and revenue growth, are subject to risks and uncertainties that could cause actual results to differ materially from expectations, as detailed in the company's SEC filings * The company faces funding constraints for the Prairie Hills construction project: as of Q2 end, only $0.7 million of unrestricted cash was available for general operations, with $10 million of the company's $10.7 million total cash held in a restricted account for the Iowa facility * Cost of goods sold remains elevated, creating pressure on profitability even as top-line grows; improving profitability from growth remains a key ongoing challenge * Construction and development of a new manufacturing facility carries inherent execution and delay risks, though management reports the project is currently on schedule
Analyst Q&A
Q: What is the significance of the new Target Midwest fresh herb distribution win, and how did it come about? /
A: Edible Garden has a longstanding relationship with Target, and recent industry consolidation has left major CEA competitors exiting the market, creating supply instability for retailers. Target selected Edible Garden for the expanded distribution due to the company's reputation for reliable service and high fill rates. The opportunity is significant, and aligns geographically with the new Prairie Hills facility in Iowa, close to Target's Minnesota headquarters. Management notes increased inbound inquiries from retailers seeking stable suppliers following industry consolidation.
Q: Is the Prairie Hills RTD facility timeline still on track, and what progress was made on prototype development? /
A: The project remains on schedule, with the first commercial production still targeted for late 2027. The prototype run at Tetra Pak's Texas development center was successfully completed, with experienced Tetra Pak industry veterans supporting product development. To capture early demand, the company will launch products via a third-party co-manufacturer starting in Q4 2026, rather than waiting for the Iowa facility to open. Management confirms pre-sold commitments for 100% of the facility's capacity, split between the company's own brands and private label/co-manufacturing.
Q: What level of customer interest exists for the Prairie Hills platform, and how are discussions progressing? /
A: Customer interest is exceptionally strong, with demand driven by a domestic market shortage of clean label RTD manufacturing capacity, especially for private label products. The opportunity originated from existing major retailers approaching Edible Garden to develop beverage products leveraging the company's clean label farm sourcing. Interest comes from both existing Edible Garden retail partners and new potential customers, and management is currently prioritizing opportunities based on size and aligned strategic vision.
Q: How will the company continue translating revenue growth into improved profitability and operating leverage? /
A: Core fresh herb revenue growth will continue driven by industry consolidation, and fresh cut herb growth does not require proportional additional growing space investment. The company will continue streamlining costs in the greenhouse business, building on the Q2 SG&A reduction. As order volume grows, the company is able to negotiate better pricing terms with existing suppliers, driving down unit costs. Only incremental strategic staffing will be added, mostly focused on the Prairie Hills project, supporting operating leverage as revenue grows.