Edible Garden AG Incorporated reported a net loss of approximately $17.3 million for the fiscal year ending December 31, 2025, compared to a net loss of $11.1 million in the previous year. Revenue decreased by 7.6% to $12.8 million, down from $13.9 million in 2024. The decline in revenue was primarily attributed to the company's strategic exit from the floral and lettuce categories, which accounted for about $1 million in revenue in 2024. The company also faced increased costs of goods sold, which rose by 12.7% to $13 million, driven by heightened procurement and logistics expenses in the fourth quarter of 2025.
In terms of operational changes, Edible Garden is transitioning its facility in Webster City, Iowa, into a dedicated ready-to-drink (RTD) beverage manufacturing hub, marking a significant shift from its focus on fresh produce to higher-margin, shelf-stable products. This initiative, part of the company's "Farm-to-Formula®" strategy, aims to leverage its controlled-environment agriculture capabilities alongside new processing technologies. The company has entered into Interim Order Agreements with Tetra Pak Inc. to initiate engineering services and procurement activities for this project, with production expected to begin in 2027, contingent on various factors including capital availability.
As of December 31, 2025, Edible Garden had 913,756 shares of common stock outstanding and a market value of approximately $7.7 million. The company has been actively working to reduce its reliance on a limited number of customers, as five customers accounted for 88.2% of total revenue in 2025. This concentration poses a risk to revenue stability, prompting the company to expand its production capacity and customer base. The company also reported a working capital deficit of $1.3 million and cash and cash equivalents of $1.1 million, indicating ongoing liquidity challenges.
Looking ahead, Edible Garden's management has expressed concerns about its ability to continue as a going concern, given its history of losses and the need for additional financing to support operations. The company plans to pursue various funding options, including equity and debt financing, to address its liquidity needs. However, there is no assurance that such financing will be available on favorable terms, which could impact the company's ability to execute its growth strategy and meet its obligations. The company remains focused on improving its gross margins and expanding its product offerings to enhance revenue generation in the future.
About Edible Garden AG Inc
Edible Garden AG is a controlled environment agriculture company specializing in sustainable, organic herbs and vegetables grown in greenhouses using hydroponic and vertical systems. Its proprietary software ensures quality, traceability, and efficient operations. The company supplies major retailers and distributors across the U.S., offering a diverse product portfolio with a focus on local, eco-friendly, and innovative food solutions.
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