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Edible Garden AG , Inc. (EDBL)
NASDAQ:EDBL
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Edible Garden AG , Inc.
(NASDAQ:EDBL)
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Rating:41Neutral
Price Target:
$0.46
▼(-34.00% Downside)
The score is primarily held down by weak financial performance (negative profitability, cash flow pressure, and leverage risk) and bearish technicals (price well below key moving averages with negative MACD). Valuation is constrained by negative earnings and no dividend support, while the earnings call adds modest support due to revenue growth, partnerships, and debt refinancing but is tempered by worsening losses and reduced cash.
Positive Factors
Retail & strategic partnerships expansion
Broadening distribution with major retailers and global partners strengthens the company’s CPG channel, creating more stable, diversified demand. Lasting retailer placements improve shelf presence, scale purchasing and logistics leverage, and help embed the brand in core consumer channels over time.
Shelf-stable product momentum
Rapid growth in core SKUs shows strong product-market fit and supports higher-volume CPG sales. Durable SKU-level demand for shelf-stable and fresh herbs can enable operational scale, better factory utilization and potential margin improvement as fixed costs are spread across greater volumes.
Debt refinancing with better terms
Refinancing that reduces interest expense materially lowers financing cost and extends flexibility. Structurally, this improves cash flow available for investment or working capital, reduces rollover risk, and lengthens runway—critical given ongoing growth and prior cash pressure.
Negative Factors
Widening net loss and margin decline
A materially larger net loss and declining gross profit indicate persistent margin pressure from costs and pricing. Over the medium term, sustained negative margins will limit reinvestment, impede path to profitability, and increase reliance on external financing to fund operations.
Severely reduced cash reserves
A steep decline in cash balances tightens liquidity and shortens operational runway. With sub-million cash and ongoing losses, the company faces heightened refinancing and working capital risk; this constrains investment in marketing, distribution expansion, and inventory needed for CPG scaling.
Negative operating and free cash flows
Persistent negative operating and free cash flow signals structural cash burn that undermines sustainability without external funding. Over months, this stresses liquidity, elevates refinancing risk, and can force cutbacks in growth initiatives or margin-accretive investments if not reversed.
Edible Garden AG , Inc. (EDBL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.49M
Dividend YieldN/A
Average Volume (3M)352.06K
Price to Earnings (P/E)―
Beta (1Y)1.10
Revenue Growth-10.77%
EPS Growth97.27%
CountryUS
Employees98
SectorConsumer Defensive
Sector Strength42
IndustryAgricultural Farm Products
Share Statistics
EPS (TTM)-1.38
Shares Outstanding5,126,655
10 Day Avg. Volume907,390
30 Day Avg. Volume352,057
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.43
Price to Sales (P/S)0.13
P/FCF Ratio-0.20
Enterprise Value/Market Cap1.62
Enterprise Value/Revenue0.32
Enterprise Value/Gross Profit3.95
Enterprise Value/Ebitda-0.35
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Edible Garden AG , Inc. Business Overview & Revenue Model
Company DescriptionEdible Garden AG Incorporated and its subsidiaries operate as a controlled environment agriculture farming company. It offers various products, including individually potted, live herbs, cut single-herb clamshells, specialty herb items, various types of lettuce, hydro basil, bulk basil, and vegan protein powder. The company sells its products to various regional and national supermarkets. Edible Garden AG Incorporated was founded in 2020 and is based in Belvidere, New Jersey.
How the Company Makes MoneyEdible Garden AG generates revenue through the sale of its organic produce to grocery chains, restaurants, and food service companies. The company leverages its innovative farming methods to produce crops year-round, thus ensuring a consistent supply of fresh products. Key revenue streams include direct sales to retailers, partnerships with local farms and co-ops, and potential subscription services for consumers seeking regular deliveries of fresh produce. Additionally, Edible Garden may explore opportunities for strategic partnerships with larger agricultural entities and distributors to expand its market reach and enhance operational efficiency.
Edible Garden AG , Inc. Earnings Call Summary
Earnings Call Date:Nov 14, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Apr 06, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted robust revenue growth driven by the expansion of shelf-stable product lines and strategic partnerships. However, financial challenges were evident, with increased operating expenses, reduced gross profit, and a significant net loss, indicating a mixed outlook.Q3-2025 Updates
Positive Updates
Revenue Growth
Edible Garden AG Incorporated reported a 9% year-over-year revenue increase for Q3, amounting to $2.8 million, driven by the expansion of shelf-stable product portfolios such as Kick Sports Nutrition, Vitamin Whey, Pulp, and Pickle Party.
Shelf-stable Portfolio Expansion
The company's focus on nonperishable product expansion contributed significantly to the revenue growth, with strong performance from its shelf-stable products. The hydro basil and wheatgrass segments alone saw growth of 54% and 59% year over year, respectively.
Strategic Partnerships and Retail Footprint
Edible Garden AG Incorporated expanded its retail reach by launching new lines at major retailers like Kroger and The Fresh Market and strengthened partnerships with others, including PriceSmart and Amazon. This expansion underscores the growing appeal and momentum of the brand's global platform.
Debt Refinancing
The company successfully refinanced its outstanding debt, securing a lower interest rate and more favorable terms, expected to reduce annual interest expenses and provide greater flexibility for future growth.
Negative Updates
Decline in Gross Profit
Gross profit decreased from $700,000 in the prior year to $300,000 in Q3 2025, affected by higher labor, freight, and raw material costs, as well as inflationary pressures within the nutraceutical supply chain.
Increased Operating Expenses
Selling, general, and administrative expenses rose to $3.8 million from $2.2 million in the same period last year, driven by costs associated with asset acquisitions and related depreciation, legal, audit, and accounting expenses.
Net Loss
The company reported a net loss of $4 million compared to a net loss of $2.1 million in 2024, highlighting financial challenges despite revenue growth.
Reduction in Cash Reserves
Cash and equivalents decreased significantly, from $3.5 million at year-end 2024 to $800,000 at the end of Q3 2025.
Company Guidance
During the Edible Garden AG Incorporated 2025 third quarter conference call, CEO Jim Kras highlighted a 9% year-over-year revenue increase to $2.8 million, driven by a strategic focus on expanding the company's consumer packaged goods (CPG) model. Key growth initiatives included the expansion of their retail footprint with new USDA organic fresh herb lines launched at major retailers like Kroger, and collaborations with PriceSmart and Amazon to enhance global reach. The company also emphasized the performance of its core herb portfolio, particularly hydro basil, which grew 54% year over year, and wheatgrass, up 59%. Despite higher expenses leading to a net loss of $4 million, the company remains optimistic about growth opportunities, highlighted by the projected expansion of the global functional food and beverage market to $610 billion by 2030. With a focus on sustainability and innovation, Edible Garden AG is pursuing new categories, like nutraceuticals, to align with consumer demand and expects continued momentum into 2026 through strategic retail partnerships and product innovation.Edible Garden AG , Inc. Financial Statement Overview
Summary
Income statement trends are weak with declining margins, negative revenue growth, and negative EBIT/EBITDA margins. The balance sheet shows high leverage and negative ROE (despite some equity ratio improvement). Cash flow remains pressured with negative operating and free cash flow, only modestly improving.Income Statement
Edible Garden AG, Inc. shows a challenging financial performance with declining gross and net profit margins over the TTM period. The company has experienced a negative revenue growth rate, indicating a contraction in sales. The EBIT and EBITDA margins are also negative, reflecting operational inefficiencies and high costs relative to revenue.30
Negative
Balance Sheet
The balance sheet reveals a high debt-to-equity ratio, indicating significant leverage, which poses financial risk. The return on equity is negative, suggesting that the company is not generating sufficient returns on shareholders' investments. However, the equity ratio has improved, indicating a better capital structure compared to previous years.40
Negative
Cash Flow
Cash flow analysis shows negative operating and free cash flows, although there is a slight improvement in free cash flow growth. The operating cash flow to net income ratio is negative, indicating cash flow challenges. The free cash flow to net income ratio is slightly above 1, suggesting that free cash flow is somewhat aligned with net income.35
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.55M | 13.86M | 14.05M | 11.55M | 10.51M | 9.44M |
| Gross Profit | 1.02M | 2.31M | 822.00K | 364.00K | 648.00K | 1.35M |
| EBITDA | -11.43M | -8.67M | -8.22M | -9.38M | -4.10M | -2.83M |
| Net Income | -14.49M | -11.05M | -10.19M | -12.45M | -5.54M | -3.71M |
Balance Sheet | ||||||
| Total Assets | 20.13M | 11.91M | 6.66M | 6.96M | 3.99M | 4.48M |
| Cash, Cash Equivalents and Short-Term Investments | 828.00K | 3.53M | 510.00K | 110.00K | 31.00K | 5.00K |
| Total Debt | 3.43M | 3.80M | 4.46M | 6.45M | 8.29M | 4.15M |
| Total Liabilities | 7.21M | 7.82M | 6.94M | 9.14M | 11.10M | 6.55M |
| Stockholders Equity | 12.92M | 4.09M | -288.00K | -2.18M | -7.11M | -2.08M |
Cash Flow | ||||||
| Free Cash Flow | -11.56M | -8.82M | -9.55M | -11.22M | -4.23M | -2.15M |
| Operating Cash Flow | -10.90M | -8.52M | -8.53M | -9.19M | -4.08M | -2.03M |
| Investing Cash Flow | -657.00K | -303.00K | -1.02M | -2.03M | -151.00K | 623.00K |
| Financing Cash Flow | 10.17M | 11.84M | 9.95M | 11.30M | 4.25M | 1.40M |
Edible Garden AG , Inc. Technical Analysis
Negative
0.70
Price Trends
0.92
Negative
1.33
Negative
1.90
Negative
Market Momentum
-0.12
Negative
33.62
Neutral
7.87
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EDBL, the sentiment is Negative. The current price of 0.7 is above the 20-day moving average (MA) of 0.65, below the 50-day MA of 0.92, and below the 200-day MA of 1.90, indicating a bearish trend. The MACD of -0.12 indicates Negative momentum. The RSI at 33.62 is Neutral, neither overbought nor oversold. The STOCH value of 7.87 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for EDBL.
Edible Garden AG , Inc. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
46 Neutral | $3.53M | -0.05 | ― | ― | ― | ― | |
43 Neutral | $46.77M | -0.19 | ― | ― | 31.61% | 37.02% | |
41 Neutral | $2.49M | -0.02 | -179.10% | ― | -10.77% | 97.27% | |
41 Neutral | $4.86M | -0.23 | -46.64% | ― | -29.40% | -535.63% |
* Consumer Defensive Sector Average
EDBL
Edible Garden AG , Inc.
0.48
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-91.18%
AQB
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18.18%
SDOT
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3.14
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-87.94%
AFRI
Forafric Global
10.02
0.42
4.38%
LOCL
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2.10
>-0.01
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.