Edible Garden AG Incorporated (EDBL) 10-Year Financial Performance & Capital Metrics

EDBL • • Industrial / General

Consumer DefensiveFarm ProductsAgricultural Technology & InnovationControlled Environment Agriculture

AboutEdible Garden AG Incorporated and its subsidiaries operate as a controlled environment agriculture farming company. It offers various products, including individually potted, live herbs, cut single-herb clamshells, specialty herb items, various types of lettuce, hydro basil, bulk basil, and vegan protein powder. The company sells its products to various regional and national supermarkets. Edible Garden AG Incorporated was founded in 2020 and is based in Belvidere, New Jersey.Show more

Revenue $14M -1.4%
EBITDA -$8M +1.9%
Net Income -$11M -8.5%
EPS (Diluted) -68.38 +95.6%
Gross Margin 16.68% +185.2%
EBITDA Margin -58.7% +0.5%
Operating Margin -66.93% +4.8%
Net Margin -79.75% -10.0%
ROE -580.71%
ROIC -173.26% +8.5%
Debt/Equity 0.93
Interest Coverage -7.61 +69.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 19.7%
✓Trading at only 0.0x book value
✓Efficient asset utilization: 1.2x turnover

✗Weaknesses

✗Negative free cash flow
✗Weak momentum: RS Rating 2 (bottom 2%)
✗Shares diluted 100.0% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y19.72%

3Y9.66%

TTM-10.77%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-18.66%

EPS CAGR

10Y-

5Y-

3Y-

TTM58.41%

ROCE

10Y Avg-222.98%

5Y Avg-254.9%

3Y Avg-317.68%

Latest-196.15%

Peer Comparison

Controlled Environment Agriculture

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
EDBLEdible Garden AG Incorporated	3.56M	0.70	-0.01	-1.37%	-115.44%	-112.13%	0.93
PWPower REIT	3.42M	1.01	-0.14	37.23%	-194.28%	-64.84%	5.54
LOCLLocal Bounti Corporation	50.33M	2.26	-0.16	38.4%	-265.21%

Profit & Loss

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	5.63M	9.44M	10.51M	11.55M	14.05M	13.86M
Revenue Growth %	-	0.68%	0.11%	0.1%	0.22%	-0.01%
Cost of Goods Sold+	4.37M	8.09M	9.86M	11.19M	13.23M	11.54M
COGS % of Revenue	0.77%	0.86%	0.94%	0.97%	0.94%	0.83%
Gross Profit+	1.27M	1.35M	648K	364K	822K	2.31M
Gross Margin %	0.23%	0.14%	0.06%	0.03%	0.06%	0.17%
Gross Profit Growth %	-	0.07%	-0.52%	-0.44%	1.26%	1.81%
Operating Expenses+	5.29M	5.16M	5.61M	9.37M	10.7M	11.59M
OpEx % of Revenue	0.94%	0.55%	0.53%	0.81%	0.76%	0.84%
Selling, General & Admin	5.29M	5.16M	5.61M	9.37M	10.01M	11.59M
SG&A % of Revenue	0.94%	0.55%	0.53%	0.81%	0.71%	0.84%
Research & Development	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	686K	0
Operating Income+	-4.02M	-3.8M	-4.96M	-9M	-9.87M	-9.28M
Operating Margin %	-0.71%	-0.4%	-0.47%	-0.78%	-0.7%	-0.67%
Operating Income Growth %	-	0.06%	-0.31%	-0.81%	-0.1%	0.06%
EBITDA+	-3.41M	-3.03M	-4.14M	-7.97M	-8.29M	-8.13M
EBITDA Margin %	-0.61%	-0.32%	-0.39%	-0.69%	-0.59%	-0.59%
EBITDA Growth %	-	0.11%	-0.37%	-0.93%	-0.04%	0.02%
D&A (Non-Cash Add-back)	614K	772K	824K	1.04M	1.58M	1.14M
EBIT	-3.99M	-3.6M	-4.92M	-10.42M	-9.8M	-9.83M
Net Interest Income+	0	0	-617K	-2.03M	-390K	-1.22M
Interest Income	0	112K	0	0	0	0
Interest Expense	0	112K	617K	2.03M	390K	1.22M
Other Income/Expense	35K	88K	-575K	-3.45M	-315K	-1.78M
Pretax Income+	-3.99M	-3.71M	-5.54M	-12.45M	-10.19M	-11.05M
Pretax Margin %	-0.71%	-0.39%	-0.53%	-1.08%	-0.73%	-0.8%
Income Tax+	0	0	0	0	0	0
Effective Tax Rate %	1%	1%	1%	1%	1%	1%
Net Income+	-3.99M	-3.71M	-5.54M	-12.45M	-10.19M	-11.05M
Net Margin %	-0.71%	-0.39%	-0.53%	-1.08%	-0.73%	-0.8%
Net Income Growth %	-	0.07%	-0.49%	-1.25%	0.18%	-0.08%
Net Income (Continuing)	-3.99M	-3.71M	-5.54M	-12.45M	-10.19M	-11.05M
Discontinued Operations	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0
EPS (Diluted)+	-301.16	-280.40	-418.22	-973.73	-1541.79	-68.38
EPS Growth %	-	0.07%	-0.49%	-1.33%	-0.58%	0.96%
EPS (Basic)	-301.16	-280.40	-418.22	-973.73	-1541.79	-68.38
Diluted Shares Outstanding	13.24K	13.24K	13.24K	12.79K	6.61K	218.27K
Basic Shares Outstanding	13.24K	13.24K	13.24K	12.79K	6.61K	218.27K
Dividend Payout Ratio	-	-	-	-	-	-

Balance Sheet

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	1.24M	1.07M	1.19M	1.86M	2.65M	7.38M
Cash & Short-Term Investments	5K	5K	31K	110K	510K	3.53M
Cash Only	5K	5K	31K	110K	510K	3.53M
Short-Term Investments	0	0	0	0	0	0
Accounts Receivable	604K	629K	767K	1.1M	1.25M	1.97M
Days Sales Outstanding	39.13	24.32	26.64	34.91	32.45	51.84
Inventory	524K	314K	360K	586K	678K	1.54M
Days Inventory Outstanding	43.81	14.17	13.33	19.12	18.71	48.81
Other Current Assets	0	0	0	62K	0	335K
Total Non-Current Assets+	6.98M	3.41M	2.8M	5.1M	4.01M	4.54M
Property, Plant & Equipment	4.19M	3.05M	2.57M	4.89M	3.93M	4.46M
Fixed Asset Turnover	1.35x	3.09x	4.08x	2.36x	3.58x	3.11x
Goodwill	0	0	0	0	0	0
Intangible Assets	85K	25K	0	50K	47K	43K
Long-Term Investments	0	0	0	0	0	0
Other Non-Current Assets	2.7M	331K	226K	161K	35K	34K
Total Assets+	8.22M	4.48M	3.99M	6.96M	6.66M	11.91M
Asset Turnover	0.69x	2.11x	2.63x	1.66x	2.11x	1.16x
Asset Growth %	-	-0.45%	-0.11%	0.75%	-0.04%	0.79%
Total Current Liabilities+	1.87M	2.47M	7.09M	4.83M	2.9M	6.21M
Accounts Payable	1.22M	1.93M	2.27M	1.73M	1.23M	2.29M
Days Payables Outstanding	101.66	87.06	84.04	56.37	34.02	72.4
Short-Term Debt	0	0	4.21M	2.04M	387K	1.94M
Deferred Revenue (Current)	0	0	0	0	0	0
Other Current Liabilities	0	97K	0	727K	865K	486K
Current Ratio	0.66x	0.43x	0.17x	0.39x	0.91x	1.19x
Quick Ratio	0.38x	0.31x	0.12x	0.26x	0.68x	0.94x
Cash Conversion Cycle	-18.72	-48.57	-44.07	-2.34	17.13	28.25
Total Non-Current Liabilities+	2.14M	4.09M	4.01M	4.32M	4.04M	1.61M
Long-Term Debt	0	3.88M	3.88M	4.28M	4.04M	544K
Capital Lease Obligations	2.14M	204K	126K	34K	0	1.07M
Deferred Tax Liabilities	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0	0
Total Liabilities	4.01M	6.55M	11.1M	9.14M	6.94M	7.82M
Total Debt+	2.58M	4.15M	8.29M	6.45M	4.46M	3.8M
Net Debt	2.58M	4.15M	8.26M	6.34M	3.95M	273K
Debt / Equity	0.61x	-	-	-	-	0.93x
Debt / EBITDA	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-
Interest Coverage	-	-33.94x	-8.04x	-4.43x	-25.32x	-7.61x
Total Equity+	4.21M	-2.08M	-7.11M	-2.18M	-288K	4.09M
Equity Growth %	-	-1.49%	-2.43%	0.69%	0.87%	15.22%
Book Value per Share	318.03	-156.71	-536.74	-170.47	-43.59	18.76
Total Shareholders' Equity	4.21M	-2.08M	-7.11M	-2.18M	-288K	4.09M
Common Stock	0	0	1K	1K	1K	4K
Retained Earnings	-15.91M	-2.08M	-7.62M	-20.07M	-30.26M	-41.31M
Treasury Stock	0	0	0	0	0	0
Accumulated OCI	0	0	0	0	0	459K
Minority Interest	0	0	0	0	0	0

Cash Flow

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-3.52M	-2.03M	-4.08M	-9.19M	-8.53M	-8.52M
Operating CF Margin %	-0.62%	-0.21%	-0.39%	-0.8%	-0.61%	-0.61%
Operating CF Growth %	-	0.42%	-1.01%	-1.25%	0.07%	0%
Net Income	-3.99M	-3.71M	-5.54M	-12.45M	-10.19M	-11.05M
Depreciation & Amortization	614K	772K	824K	1.04M	1.58M	1.16M
Stock-Based Compensation	0	0	0	122K	31K	144K
Deferred Taxes	0	0	0	0	0	0
Other Non-Cash Items	14K	-26K	319K	2.75M	559.08K	1.79M
Working Capital Changes	-159K	940K	317K	-637K	-514K	-561K
Change in Receivables	-8K	-123K	-272K	-378K	-182K	-772K
Change in Inventory	25K	209K	-46K	-226K	-92K	-866K
Change in Payables	472K	1.05M	571K	85K	-185K	1.36M
Cash from Investing+	3.51M	623K	-151K	-2.03M	-1.02M	-303K
Capital Expenditures	-207K	-127K	-151K	-2.03M	-1.02M	-303K
CapEx % of Revenue	0.04%	0.01%	0.01%	0.18%	0.07%	0.02%
Acquisitions	-	-	-	-	-	-
Investments	-	-	-	-	-	-
Other Investing	0	0	0	0	0	0
Cash from Financing+	3.71M	1.4M	4.25M	11.3M	9.95M	11.84M
Debt Issued (Net)	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-
Dividends Paid	0	0	0	0	-4K	0
Share Repurchases	-	-	-	-	-	-
Other Financing	3.71M	0	0	-1.62M	-259K	2.35M
Net Change in Cash	-	-	-	-	-	-
Free Cash Flow+	-3.73M	-2.15M	-4.23M	-11.22M	-9.55M	-8.82M
FCF Margin %	-0.66%	-0.23%	-0.4%	-0.97%	-0.68%	-0.64%
FCF Growth %	-	0.42%	-0.96%	-1.65%	0.15%	0.08%
FCF per Share	-281.40	-162.68	-319.39	-877.23	-1445.89	-40.40
FCF Conversion (FCF/Net Income)	0.88x	0.55x	0.74x	0.74x	0.84x	0.77x
Interest Paid	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0

Key Ratios

Metric	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-94.7%	-347.66%	-	-	-	-580.71%
Return on Invested Capital (ROIC)	-	-64.34%	-230.55%	-254.06%	-189.31%	-173.26%
Gross Margin	22.51%	14.34%	6.17%	3.15%	5.85%	16.68%
Net Margin	-70.78%	-39.33%	-52.71%	-107.8%	-72.52%	-79.75%
Debt / Equity	0.61x	-	-	-	-	0.93x
Interest Coverage	-	-33.94x	-8.04x	-4.43x	-25.32x	-7.61x
FCF Conversion	0.88x	0.55x	0.74x	0.74x	0.84x	0.77x
Revenue Growth	-	67.57%	11.29%	9.95%	21.62%	-1.37%

Revenue by Segment

	2023	2024
Vitamins and Supplements	1.71M	1.67M
Vitamins and Supplements Growth	-	-2.22%
Herbs & Produce	12.34M	-
Herbs & Produce Growth	-	-

Frequently Asked Questions

Growth & Financials

Edible Garden AG Incorporated (EDBL) reported $12.6M in revenue for fiscal year 2024. This represents a 123% increase from $5.6M in 2019.

Edible Garden AG Incorporated (EDBL) saw revenue decline by 1.4% over the past year.

Edible Garden AG Incorporated (EDBL) reported a net loss of $14.5M for fiscal year 2024.

Dividend & Returns

Edible Garden AG Incorporated (EDBL) has a return on equity (ROE) of -580.7%. Negative ROE indicates the company is unprofitable.

Edible Garden AG Incorporated (EDBL) had negative free cash flow of $11.6M in fiscal year 2024, likely due to heavy capital investments.

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