Top-line momentum is accelerating with 49.7% year-over-year revenue growth in 2027Q1, yet gross margins remain constrained between 22.6% and 29.3% due to ongoing commodity cost volatility.
| Metric | TTM | Jan'26 | Jan'25 | Jan'24 | Jan'23 | Jan'22 | Jan'21 | Jan'20 | Jan'19 | Jan'18 | Jan'17 | Jan'16 | Jan'15 | Dec'13 | Dec'12 | Jun'12 | Jun'11 |
|---|
| Sales/Revenue | 189.22M | 171.71M | 123.33M | 103.28M | 93.19M | 47.08M | 40.76M | 33.75M | 28.47M | 27.54M | 18.05M | 12.6M | 12.01M | 8.74M | 4.58M | 0 | 0 |
| Revenue Growth % | 46.98% | 39.23% | 19.41% | 10.83% | 97.92% | 15.52% | 20.76% | 18.53% | 3.38% | 52.6% | 43.21% | 4.94% | 37.39% | 90.75% | - | - | - |
| Cost of Goods Sold | 142.94M | 128.67M | 92.8M | 72.95M | 73.77M | 35.23M | 28.02M | 23.77M | 18.58M | 18.28M | 10.83M | 9.01M | 8.8M | 6.19M | 3.23M | 0 | 0 |
| COGS % of Revenue | - | 74.93% | 75.24% | 70.63% | 79.16% | 74.82% | 68.74% | 70.42% | 65.25% | 66.38% | 60% | 71.46% | 73.3% | 70.82% | 70.49% | - | - |
| Gross Profit | 46.29M | 43.05M | 30.53M | 30.33M | 19.42M | 11.85M | 12.74M | 9.98M | 9.89M | 9.26M | 7.22M | 3.6M | 3.21M | 2.55M | 1.35M | 0 | 0 |
| Gross Margin % | 24.46% | 25.07% | 24.76% | 29.37% | 20.84% | 25.18% | 31.26% | 29.58% | 34.75% | 33.62% | 40% | 28.54% | 26.7% | 29.18% | 29.51% | - | - |
| Gross Profit Growth % | - | 40.98% | 0.66% | 56.21% | 63.81% | -6.95% | 27.59% | 0.91% | 6.84% | 28.29% | 100.67% | 12.18% | 25.7% | 88.65% | - | - | - |
| Operating Expenses | 38.09M | 34.63M | 25.66M | 21.44M | 16.6M | 11.77M | 9.26M | 7.9M | 8.43M | 8.2M | 6.76M | 5.86M | 6.96M | 5.49M | 3.34M | 26.06K | 21.25K |
| OpEx % of Revenue | - | 20.17% | 20.8% | 20.76% | 17.81% | 25% | 22.72% | 23.41% | 29.59% | 29.76% | 37.47% | 46.47% | 57.92% | 62.8% | 72.87% | - | - |
| Selling, General & Admin | 37.79M | 35.65M | 24.3M | 21.03M | 16.46M | 11.65M | 9.15M | 7.79M | 8.29M | 8.06M | 6.61M | 5.75M | 6.86M | 5.66M | 3.27M | 26.06K | 21.25K |
| SG&A % of Revenue | - | 20.76% | 19.7% | 20.36% | 17.66% | 24.74% | 22.45% | 23.07% | 29.13% | 29.26% | 36.62% | 45.61% | 57.08% | 64.8% | 71.38% | - | - |
| Research & Development | 302K | 288K | 455K | 414K | 135.14K | 120.69K | 110.71K | 114.63K | 130.92K | 138K | 153.3K | 107.63K | 100.86K | 19.41K | 68.37K | 0 | 0 |
| R&D % of Revenue | - | 0.17% | 0.37% | 0.4% | 0.14% | 0.26% | 0.27% | 0.34% | 0.46% | 0.5% | 0.85% | 0.85% | 0.84% | 0.22% | 1.49% | - | - |
| Other Operating Expenses | 0 | -1.3M | 900K | 0 | 2.65K | 37.7K | 0 | 0 | 0 | 0 | 0 | -55.47K | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 8.2M | 8.41M | 4.88M | 8.89M | 2.82M | 82.77K | 3.48M | 2.08M | 1.47M | -1.06M | 455.98K | -2.26M | -3.75M | -2.94M | -1.99M | -26.06K | -21.25K |
| Operating Margin % | 4.33% | 4.9% | 3.95% | 8.61% | 3.03% | 0.18% | 8.53% | 6.17% | 5.16% | -3.86% | 2.53% | -17.93% | -31.22% | -33.62% | -43.36% | - | - |
| Operating Income Growth % | - | 72.48% | -45.14% | 215.06% | 3309.15% | -97.62% | 66.93% | 41.87% | 238.13% | -333.15% | 120.18% | 39.75% | -27.6% | -47.89% | -7525.77% | -22.61% | - |
| EBITDA | 13.9M | 14.71M | 6.43M | 11.36M | 4.58M | 1.1M | 4.28M | 2.83M | 2.15M | -524.82K | 897.57K | -1.97M | -3.58M | -2.91M | -1.97M | -26.06K | -21.25K |
| EBITDA Margin % | 7.35% | 8.56% | 5.21% | 11% | 4.92% | 2.33% | 10.5% | 8.39% | 7.54% | -1.91% | 4.97% | -15.66% | -29.81% | -33.23% | -43.09% | - | - |
| EBITDA Growth % | 72.26% | 128.82% | -43.43% | 147.81% | 318.04% | -74.37% | 51.06% | 31.91% | 509.19% | -158.47% | 145.47% | 44.87% | -23.24% | -47.11% | -7477.56% | -22.61% | - |
| D&A (Non-Cash Add-back) | 5.7M | 6.29M | 1.55M | 2.47M | 1.76M | 1.01M | 801.31K | 749.28K | 679K | 538.32K | 441.58K | 285.52K | 170.11K | 33.89K | 12.56K | 0 | 0 |
| EBIT | 8.3M | 8.41M | 5.2M | 8.89M | 2.82M | 120.47K | 3.48M | 2.08M | 1.47M | 1.06M | 455.98K | -2.64M | -3.85M | -2.94M | -1.99M | -674.59K | 0 |
| Net Interest Income | -230K | -261K | -275K | -571K | -656K | -75.92K | -155.62K | -550.73K | -1.02M | -743.4K | -757.06K | -816.74K | -209.33K | -8.64K | -12.35K | 0 | 0 |
| Interest Income | 271K | 211K | 218K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 501K | 472K | 493K | 571K | 656.01K | 75.92K | 155.62K | 550.73K | 1.02M | 743.4K | 757.06K | 816.74K | 209.33K | 8.64K | 12.35K | 0 | 0 |
| Other Income/Expense | -230K | -1.56M | -171K | -321K | -653.36K | -38.22K | -155.62K | -550.73K | -1.02M | -743.4K | -757.06K | -1.25M | -310.29K | -8.64K | -12.35K | 0 | 0 |
| Pretax Income | 7.97M | 6.85M | 4.71M | 8.57M | 2.17M | 44.55K | 3.32M | 1.53M | 453.5K | 319.74K | -301.08K | -3.51M | -4.06M | -2.95M | -2M | -26.06K | 0 |
| Pretax Margin % | 4.21% | 3.99% | 3.82% | 8.3% | 2.33% | 0.09% | 8.15% | 4.54% | 1.59% | 1.16% | -1.67% | -27.86% | -33.81% | -33.72% | -43.63% | - | - |
| Income Tax | 708K | 1.56M | 995K | 2.01M | 9.1K | 296.47K | -744.97K | 0 | 0 | 2.13M | 0 | 0 | 0 | 0 | 0 | 0 | 21.25K |
| Effective Tax Rate % | 8.89% | 22.84% | 21.14% | 23.43% | 0.42% | 665.54% | -22.42% | 0% | 0% | 665% | 0% | 0% | 0% | 0% | 0% | 0% | - |
| Net Income | 6.11M | 5.29M | 3.71M | 6.56M | 2.3M | -251.93K | 4.07M | 1.53M | 453.5K | 319.74K | -301.08K | -3.51M | -4.06M | -2.95M | -2M | -26.06K | -21.25K |
| Net Margin % | 3.23% | 3.08% | 3.01% | 6.35% | 2.47% | -0.54% | 9.98% | 4.54% | 1.59% | 1.16% | -1.67% | -27.86% | -33.81% | -33.72% | -43.63% | - | - |
| Net Income Growth % | 38.93% | 42.44% | -43.44% | 184.77% | 1014.55% | -106.19% | 165.36% | 237.97% | 41.83% | 206.2% | 91.43% | 13.52% | -37.76% | -47.41% | -7573.15% | -22.61% | - |
| Net Income (Continuing) | 6.11M | 5.29M | 3.71M | 6.56M | 2.16M | -251.93K | 4.07M | 1.53M | 453.5K | 319.74K | -301.08K | -3.51M | -4.06M | -2.95M | -2M | -26.06K | -21.25K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.14 | 0.13 | 0.09 | 0.17 | 0.06 | -0.01 | 0.12 | 0.04 | 0.01 | 0.01 | -0.01 | -0.13 | -0.16 | -0.13 | -0.12 | -0.00 | -0.00 |
| EPS Growth % | 32.25% | 38.15% | -44.65% | 183.81% | - | -105.92% | 169.06% | 220.86% | 39% | 190.09% | 91.46% | 18.75% | -23.08% | -8.33% | - | - | - |
| EPS (Basic) | - | 0.14 | 0.10 | 0.18 | 0.06 | -0.01 | 0.12 | 0.05 | 0.01 | 0.01 | -0.01 | -0.13 | -0.16 | -0.13 | -0.12 | -0.00 | -0.00 |
| Diluted Shares Outstanding | 43.32M | 41.38M | 39.42M | 38.38M | 37.31M | 35.7M | 34.02M | 34.34M | 32.52M | 32.21M | 27.1M | 26.15M | 25.49M | 22.01M | 17.36M | 104.21M | 101.94M |
| Basic Shares Outstanding | 40.66M | 38.9M | 37.43M | 36.81M | 36.09M | 35.7M | 33.5M | 31.95M | 31.84M | 29.81M | 27.1M | 26.15M | 25.49M | 22.01M | 17.36M | 104.21M | 101.94M |
| Dividend Payout Ratio | - | - | - | - | 0% | - | - | - | - | - | - | - | - | - | - | - | - |
Commodity input cost volatility
According to the latest quarterly filings, MAMA achieved a 49.7% year-over-year revenue growth in 2027Q1, signaling a significant acceleration in top-line momentum that appears to be driven by successful SKU expansion and deeper penetration within the refrigerated deli category across its national retail footprint.
The consistent double-digit revenue growth suggests that the company's transition to a multi-category deli platform is gaining traction with retail partners. Investors should monitor whether this rapid scaling is sustainable or if it relies heavily on promotional discounting to secure shelf space.
Based on reported financial statements, MAMA's gross margin has fluctuated between 22.6% and 29.3% over the last ten quarters, indicating that the company faces persistent challenges in maintaining pricing power while navigating volatile raw protein commodity costs in a highly competitive retail environment.
The inability to consistently expand gross margins despite significant revenue growth suggests that the company remains a price-taker regarding raw material inputs. This profile implies that profitability is highly sensitive to commodity cycles, necessitating a shift toward higher-value, proprietary product offerings to improve structural margins.
As reported in recent income statements, operating margins have remained thin, peaking at 7.4% in 2024Q4 and dipping as low as 1.7% in 2026Q3, which suggests that the company has yet to achieve the necessary scale to significantly decouple operating expenses from top-line revenue growth.
The current SG&A structure appears to be scaling in lockstep with revenue, preventing meaningful operating leverage. This indicates that management is prioritizing market share acquisition over immediate bottom-line expansion, which may be a necessary trade-off but warrants caution regarding long-term operational efficiency.
Analysis of the provided data reveals that stock-based compensation, reaching $580,000 in 2027Q1, represents a meaningful portion of net income, suggesting that reported earnings quality is partially impacted by non-cash equity incentives that may mask the underlying cash-generating capability of the core business operations.
The presence of recurring stock-based compensation alongside modest net margins of 3.08% suggests that shareholders should focus on cash flow metrics rather than headline EPS. Investors should investigate whether these equity grants are aligned with long-term margin improvement targets or merely serve as a retention mechanism.
Quick answers to the most common questions about buying MAMA stock.
For fiscal year 2026, Mama's Creations, Inc. (MAMA) reported total revenue of $171.7M.
Mama's Creations, Inc. (MAMA) is profitable, generating $5.3M in net income for the fiscal year ending 2026 with a net profit margin of 3.1%.
Mama's Creations, Inc. (MAMA) reported an operating income of $8.4M, resulting in an operating profit margin of 4.9%. This margin reflects the operational efficiency of the business before interest and taxes.
Mama's Creations, Inc. (MAMA) generated $43.0M in gross profit for the year, representing a gross profit margin of 25.1%. This demonstrates the company's core pricing power and production efficiency.