Revenue growth remains highly volatile, while gross margins have suffered a severe reversal, plummeting from a 36.7% peak in 2024Q2 to -112.9% in 2026Q1.
| Sales/Revenue | 13.43M | 12.81M | 13.86M | 14.05M | 11.55M | 10.51M | 9.44M | 5.63M |
| Revenue Growth % | -0.07% | -7.56% | -1.37% | 21.62% | 9.95% | 11.29% | 67.57% | - |
| Cost of Goods Sold | 17.5M | 13.01M | 11.54M | 13.23M | 11.19M | 9.86M | 8.09M | 4.37M |
| COGS % of Revenue | - | 101.59% | 83.32% | 94.15% | 96.85% | 93.83% | 85.66% | 77.49% |
| Gross Profit | -4.07M | -204K | 2.31M | 822K | 364K | 648K | 1.35M | 1.27M |
| Gross Margin % | -30.26% | -1.59% | 16.68% | 5.85% | 3.15% | 6.17% | 14.34% | 22.51% |
| Gross Profit Growth % | - | -108.82% | 181.27% | 125.82% | -43.83% | -52.14% | 6.78% | - |
| Operating Expenses | 15.49M | 15.6M | 11.59M | 10.7M | 9.37M | 5.61M | 5.16M | 5.29M |
| OpEx % of Revenue | - | 121.76% | 83.62% | 76.13% | 81.09% | 53.4% | 54.6% | 93.91% |
| Selling, General & Admin | 15.49M | 15.6M | 11.59M | 10.01M | 9.37M | 5.61M | 5.16M | 5.29M |
| SG&A % of Revenue | - | 121.76% | 83.62% | 71.24% | 81.09% | 53.4% | 54.6% | 93.91% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 686K | 0 | 0 | 0 | 0 |
| Operating Income | -19.55M | -15.8M | -9.28M | -9.87M | -9M | -4.96M | -3.8M | -4.02M |
| Operating Margin % | -145.55% | -123.35% | -66.93% | -70.28% | -77.94% | -47.24% | -40.26% | -71.41% |
| Operating Income Growth % | - | -70.36% | 6.06% | -9.65% | -81.42% | -30.57% | 5.52% | - |
| EBITDA | -14.44M | -13.12M | -8.13M | -8.29M | -7.97M | -4.14M | -3.03M | -3.41M |
| EBITDA Margin % | -107.47% | -102.42% | -58.7% | -59.02% | -68.98% | -39.39% | -32.08% | -60.51% |
| EBITDA Growth % | -98.61% | -61.29% | 1.9% | -4.07% | -92.51% | -36.65% | 11.15% | - |
| D&A (Non-Cash Add-back) | 5.12M | 2.68M | 1.14M | 1.58M | 1.04M | 824K | 772K | 614K |
| EBIT | -19.55M | -15.8M | -9.83M | -9.8M | -10.42M | -4.92M | -3.6M | -3.99M |
| Net Interest Income | -833K | -1.42M | -1.22M | -390K | -2.03M | -617K | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 112K | 0 |
| Interest Expense | 833K | 1.42M | 1.22M | 390K | 2.03M | 617K | 112K | 0 |
| Other Income/Expense | -1.48M | -1.53M | -1.78M | -315K | -3.45M | -575K | 88K | 35K |
| Pretax Income | -21.03M | -17.33M | -11.05M | -10.19M | -12.45M | -5.54M | -3.71M | -3.99M |
| Pretax Margin % | -156.56% | -135.3% | -79.75% | -72.52% | -107.8% | -52.71% | -39.33% | -70.78% |
| Income Tax | -3.35M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 15.95% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -17.68M | -17.33M | -11.05M | -10.19M | -12.45M | -5.54M | -3.71M | -3.99M |
| Net Margin % | -131.59% | -135.3% | -79.75% | -72.52% | -107.8% | -52.71% | -39.33% | -70.78% |
| Net Income Growth % | -70% | -56.84% | -8.47% | 18.19% | -124.86% | -49.15% | 6.9% | - |
| Net Income (Continuing) | -17.68M | -17.33M | -11.05M | -10.19M | -12.45M | -5.54M | -3.71M | -3.99M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -2.35 | -117.64 | -683.80 | -15417.90 | -9737.30 | -4182.20 | -2804.00 | -3011.60 |
| EPS Growth % | -50.37% | 82.8% | 95.56% | -58.34% | -132.83% | -49.15% | 6.89% | - |
| EPS (Basic) | - | -117.64 | -683.80 | -15417.90 | -9737.30 | -4182.20 | -2804.00 | -3011.60 |
| Diluted Shares Outstanding | 7.52M | 2.88M | 21.83K | 661 | 1.28K | 1.32K | 1.32K | 1.32K |
| Basic Shares Outstanding | 7.52M | 2.88M | 21.83K | 661 | 1.28K | 1.32K | 1.32K | 1.32K |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - |
Liquidity and solvency crisis
As indicated by the most recent quarterly data, EDBL's revenue growth remains highly erratic, fluctuating between double-digit expansion and significant contraction, with the 2026Q1 revenue of $3.3M highlighting the difficulty in maintaining consistent top-line momentum while the company attempts to pivot its core product mix.
The inconsistency in revenue suggests that the company's transition away from low-margin fresh produce is creating significant top-line friction. Investors should monitor whether the shift toward shelf-stable products can eventually provide a more predictable revenue base, as current figures indicate a business struggling to find a stable demand equilibrium.
According to the reported income statements, EDBL's gross margin collapsed to -112.9% in 2026Q1, a sharp reversal from the 36.7% peak observed in 2024Q2, which underscores the extreme sensitivity of the company's cost structure to operational inefficiencies and the high perishability of its agricultural inventory.
The dramatic swing into negative gross margins suggests that the cost of goods sold is currently outpacing revenue generation, likely due to unabsorbed overhead at the Prairie Hills facility. This level of margin volatility implies that the company lacks the pricing power to pass through rising input costs to retail partners.
Based on financial filings, EDBL's operating income has consistently remained in deep deficit, reaching a low of -$6.7M in 2026Q1, which demonstrates a failure to achieve the necessary scale to cover fixed SG&A expenses despite the company's ongoing efforts to optimize its operational footprint.
The persistent gap between gross profit and operating income indicates that the company's overhead structure is disproportionately large relative to its current revenue scale. This suggests that without a significant and sustained increase in volume, the company may continue to face substantial operating losses that erode shareholder value.
As reported in recent financial statements, the company's recurring net losses and the reliance on external financing to bridge operational gaps suggest that the current business model may be unsustainable without a fundamental change in its cost-to-revenue ratio or a significant infusion of new capital.
Short-term improvements in specific quarters appear to be overshadowed by the broader trend of cash burn and margin instability. Investors should be wary of the potential for further dilutive equity raises, as the current financial trajectory provides little evidence of a clear path toward self-sustaining profitability.
Quick answers to the most common questions about buying EDBL stock.
For fiscal year 2025, Edible Garden AG Incorporated (EDBL) reported total revenue of $12.8M. This represents a 127.4% increase compared to $5.6M in 2019.
Edible Garden AG Incorporated (EDBL) reported a net loss of $17.3M for the fiscal year ending 2025.
Edible Garden AG Incorporated (EDBL) reported an operating income of $-15.8M, resulting in an operating profit margin of -123.3%. This margin reflects the operational efficiency of the business before interest and taxes.
Edible Garden AG Incorporated (EDBL) generated $-0.2M in gross profit for the year, representing a gross profit margin of -1.6%. This demonstrates the company's core pricing power and production efficiency.