Barfresh Q2 revenue rises on ARP's Dairy acquisition; misses estimates
BRFH•Result drivers
- Arps Dairy acquisition - Revenue growth in Q2 was primarily driven by the contribution from the Arps Dairy acquisition
- Production inefficiencies - Lower-than-expected productivity and higher startup costs at the Arps Dairy facility weighed on gross margin and adjusted EBITDA
- Shift in product mix - Increased focus on single-serve products and leveraging broker network reduced selling and distribution costs
Updated outlook
- Barfresh revises 2026 revenue guidance to $23 mln-$26 mln, citing slower production efficiency ramp
- Company now sees 2026 adjusted EBITDA of negative $1.0 mln to negative $2.0 mln
- Barfresh expects sequential revenue improvement in H2 2026 as new school district wins ramp
Quarterly results
- Frozen beverage maker's Q2 revenue rose 190% yr/yr, driven by Arps Dairy acquisition
- Company posted Q2 net loss of $1.9 mln and adjusted EBITDA loss of $1.2 mln
- Barfresh revised 2026 outlook lower due to slower production ramp and higher startup costs
Key details and analyst coverage
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