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Once Upon a Farm, PBC (OFRM) Q3 FY2026 earnings: revenue $89 million, up 34.9% on the year

Once Upon a Farm, PBC (OFRM) reported revenue of $89 million for Q3 FY2026, the quarter ended 30 September 2026, up 34.9% on the same quarter a year earlier. Net income was -$4 million, and diluted earnings per share $-0.09. The figures are the company's own, from the 10-Q it filed with the SEC on 12 November 2026.

Revenue
$89 million
+34.9% on the year · +4.3% on the quarter
Q1 FY2025Q3 FY2026
Operating margin
-5.2%
-1.6% a year earlier
Q1 FY2025Q3 FY2026
Net income
-$4 million
Q1 FY2025Q3 FY2026
Diluted EPS
-$0.09
Q1 FY2025Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

  • FDA reported three choking reports: On Thursday afternoon Pacific Time the FDA told the company it had received three choking reports. Two were submitted directly to the FDA and had not previously reached the company.
  • No root cause linked yet: Management said the investigation had not identified a root cause that could be linked directly to the reports. Ingredient inputs and specifications were reviewed.
  • Line about 18% of net sales: Tractor Wheels as a set of products accounted for approximately 18% of company net sales year to date, which management gave to frame the revenue effect.
Read the earnings call summary

Income statement (profit and loss)

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Revenue89.185.466.0+4.3%+34.9%
Cost of revenue56.954.738.3+4.0%+48.8%
Gross profit32.230.627.8+4.9%+15.7%
Gross margin36.1%35.9%42.1%
Selling, general and administrative36.836.328.8+1.4%+27.6%
Operating income-4.7-5.6-1.1
Operating margin-5.2%-6.6%-1.6%
Interest expense0.10.00.8+2.0%-93.8%
Pre-tax income-3.8-5.0-10.7
Income tax0.0-0.00.5-95.0%
Net income-3.8-5.0-11.3
Net margin-4.3%-5.8%-17.0%
Diluted EPS-$0.09-$0.12-$1.65
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Operating cash flow13.3-5.0-6.1
Capital expenditure1.01.01.5+2.6%-33.4%
Free cash flow12.3-6.0-7.6
Free cash flow margin13.8%-7.0%-11.5%
Cash from investing-1.0-1.0-1.5
Cash from financing0.6-0.34.3-85.8%
Depreciation and amortisation0.60.50.3+20.0%+100.0%
Share-based compensation3.02.51.0+20.0%+200.0%
Diluted shares, weighted42m42m7m+0.4%+520.5%
Shares outstanding at period end42m42m42m+0.6%-0.0%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Shareholders' equity155155-148-0.1%
Redeemable equity0.00.0n/a
Debt0.00.0n/a
Other liabilities55.047.3250+16.1%-78.0%
Total liabilities and equity210203n/a+3.7%
Fixed assets10.39.8n/a+4.9%
Goodwill4.24.2n/a0.0%
Intangible assets0.50.5n/a-3.8%
Cash and equivalents10693.57.4+13.8%+1,335.6%
Receivables37.937.0n/a+2.5%
Inventory45.651.9n/a-12.1%
Other assets5.15.7n/a-9.8%
Total assets210203102+3.7%+106.0%

Questions

What was Once Upon a Farm, PBC's revenue in Q3 FY2026?

Once Upon a Farm, PBC (OFRM) reported revenue of $89 million for Q3 FY2026, the quarter ended 30 September 2026, up 34.9% on the same quarter a year earlier.

How much did Once Upon a Farm, PBC earn in Q3 FY2026?

Net loss for Q3 FY2026 was $4 million, and the diluted loss per share $0.09.

When did Once Upon a Farm, PBC report Q3 FY2026 results?

Once Upon a Farm, PBC filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 12 November 2026.

Quarterly results, the last 6 quarters

Q1 FY2025Q2 FY2025Q3 FY2025Q1 FY2026Q2 FY2026Q3 FY2026
Revenue50.660.066.072.785.489.1
Cost of revenue31.535.638.343.054.756.9
Gross profit19.124.527.829.730.632.2
Gross margin38%41%42%41%36%36%
SG&A28.324.428.845.836.336.8
Operating income-9.20.0-1.1-16.1-5.6-4.7
Operating margin-18%0%-2%-22%-7%-5%
Interest expense0.50.70.80.40.00.1
Pre-tax income-19.7-9.3-10.7-15.7-5.0-3.8
Net income-19.5-9.0-11.3-15.8-5.0-3.8
Net margin-38%-15%-17%-22%-6%-4%
Diluted EPS-$2.95-$1.36-$1.65-$0.59-$0.12-$0.09
Operating cash flow-14.5-2.7-6.1-12.8-5.013.3
Capital expenditure0.51.61.51.41.01.0
Free cash flow-14.9-4.3-7.6-14.3-6.012.3
Shares outstanding42m42m42m42m42m42m
Filing10-Q10-Q10-Q10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read moreMoney is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 12 November 2026: the filing.