10-K · March 16, 2026
Once Upon A Farm, PBC (OFRM) reported strong growth in 2025 with net sales of $240.7 million, a 53% increase from the previous year, driven primarily by a 42% increase in sales volume and a favorable mix due to new…
Earnings analysis · 10-Q
OFRM earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
Once Upon a Farm reported robust Q1 2026 results, with revenue reaching $72.7 million, up 44% year-over-year, and exceeding estimates by approximately $8.4 million. Although the company reported an EPS loss of $0.59,…
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Once Upon a Farm reported robust Q1 2026 results, with revenue reaching $72.7 million, up 44% year-over-year, and exceeding estimates by approximately $8.4 million. Although the company reported an EPS loss of $0.59, wider than the forecasted loss of $0.33, it raised its full-year revenue guidance to between $313 million and $323 million, underscoring positive momentum in sales growth and market reach.
Reported figures
- Earnings per share
- $-0.59
- Gross margin
- 40.7%
- Segment
- Kid Pouches
- Segment
- Baby Snacks
- Segment
- Other
What stood out
-
Revenue Growth of 44% YoY
Net sales increased to $72.7 million from $50.6 million in the prior year.
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Cost of Goods Sold Lower as Percentage of Revenue
Cost of goods sold decreased as a percentage of net sales by 3% year-over-year to 59%.
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EPS Loss Narrowed
Net loss of $15.8 million represents a slight improvement from a loss of $19.5 million in Q1 2025.
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Successful SKU Launches
Introduced 35 new SKUs in Q1 2026, contributing to overall volume growth.
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Substantial Cash from IPO
Assured liquidity with $99.9 million in cash post-IPO, projecting sufficient operational funding for 12 months.
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Gross Margin Improvement
Gross margin improved by 3 percentage points to 40.7% driven by decreased promotional costs.
What to watch
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High SG&A Expenses
SG&A expenses surged 62% year-over-year to $45.8 million, impacting profitability.
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Dependence on Product Launch Success
Continued reliance on successful new product launches to drive future growth.
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Geopolitical Supply Chain Risks
Potential disruptions from geopolitical tensions affecting ingredient sourcing, particularly from South America.
Management's outlook
Raised full-year revenue guidance from $280 million to a range of $313 million to $323 million.
Earlier filings 1
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.