Once Upon a Farm, PBC (NYSE: OFRM) reported financial results for the third quarter ended September 30, 2026, in a filing dated November 12, 2026. The company announced that net sales for the quarter increased 34.9% year-over-year to $89.1 million.
Key financial metrics for the third quarter of 2026 included a net loss of $3.8 million, compared to a net loss of $11.3 million in the prior year period. The company reported a gross margin of 36.1% for the quarter, a decrease of 600 basis points from the prior year, driven by trade investments for a national club program, product mix, and cooler placement costs. Selling, general, and administrative (SG&A) expenses were $36.8 million, or 41.3% of net sales, reflecting continued investment in marketing and public-company capabilities.
On the balance sheet, as of September 30, 2026, the company held $106.4 million in cash and cash equivalents with no debt, a significant increase from $10.9 million in cash and $60.2 million in debt as of December 31, 2025. This improvement is attributed to the proceeds from the company's IPO in February 2026.
The company updated its full-year 2026 outlook to reflect the impact of a voluntary recall of Tractor Wheels product lines on the fourth quarter. The updated outlook projects net sales of $290 million to $300 million and an adjusted EBITDA loss of $4.5 million to $7 million.
