Edible Garden AG Q1 Revenue Rises 22.9% to $3.3M, Expands to 6,000 Stores
Edible Garden AG reported Q1 revenue up 22.9% year-over-year to $3.3 million, driven by a 46% gain in its Cutter segment and 50% growth in international sales. Operating expenses rose to $10 million from $5.6 million, resulting in a net loss of $3.7 million for the quarter.
1. Q1 Revenue and Retail Expansion
Revenue jumped 22.9% to $3.3 million in Q1, led by a 46% year-over-year increase in the Cutter business and a 50% rise in international sales. The company extended its retail footprint to over 6,000 locations with new listings at Target, Safeway and The Fresh Market.
2. Expense Growth and Profitability Impact
Operating expenses climbed to $10 million from $5.6 million a year earlier, driven by higher cost of goods sold and increased depreciation and amortization. These cost pressures widened the net loss to $3.7 million, up from $3.3 million in the prior period.
3. RTD Initiative and Future Outlook
Edible Garden AG is advancing its ready-to-drink platform using Tetra Pak solutions, with prototypes receiving strong retailer interest. The company expects to launch RTD products in late 2027 or early 2028, aiming to shift toward higher-margin shelf-stable offerings.