NYSE : OFRM
Once Upon a Farm, PBC — Financial statements
Consumer Staples · Packaged Foods · United States
Last price 15.97 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 670.59M
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Financial statements
Once Upon a Farm, PBC (OFRM) reported revenue of 288.17M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | 288.17M | 240.68M | 156.80M | 94.29M |
| Cost of Revenue | 169.50M | 138.79M | 88.46M | 55.49M |
| Gross Profit | 118.67M | 101.89M | 68.34M | 38.79M |
| Selling, General & Admin | 136.39M | 106.99M | 74.16M | 53.21M |
| Research & Development | 600.00K | 600.00K | 500.00K | 900.00K |
| Operating Expenses | 136.99M | 107.59M | 74.66M | 54.11M |
| Operating Income | -18.32M | -5.70M | -6.32M | -15.32M |
| Interest Expense | -2.02M | -2.74M | -1.61M | -1.55M |
| Interest & Investment Income | 1.43M | 294.00K | 892.00K | 1.22M |
| Other Non Operating Income (Expenses) | 9.95M | -9.10M | -16.75M | -1.95M |
| Pretax Income | -8.96M | -17.25M | -23.79M | -17.60M |
| Income Tax Expense | 543.00K | 4.00K | 50.00K | 34.00K |
| Net Income | -9.51M | -17.25M | -23.84M | -17.64M |
| Net Income to Common | -9.51M | -17.25M | -23.84M | -17.64M |
| Shares Outstanding (Basic) | 20.79M | 6.88M | 6.42M | 6.33M |
| Shares Outstanding (Diluted) | 20.79M | 6.88M | 6.42M | 6.33M |
| EPS (Basic) | -0.46 | -2.51 | -3.71 | -2.79 |
| EPS (Diluted) | -0.46 | -2.51 | -3.71 | -2.79 |
| Free Cash Flow | -36.25M | -35.16M | -14.05M | -9.49M |
| Free Cash Flow Per Share | -1.74 | -5.11 | -2.19 | -1.50 |
| Gross Margin | 41.18% | 42.33% | 43.58% | 41.14% |
| Operating Margin | -6.36% | -2.37% | -4.03% | -16.25% |
| Profit Margin | -3.30% | -7.17% | -15.20% | -18.71% |
| Free Cash Flow Margin | -12.58% | -14.61% | -8.96% | -10.06% |
| EBITDA | -16.53M | -4.40M | -5.52M | -14.83M |
| EBITDA Margin | -5.74% | -1.83% | -3.52% | -15.73% |
| D&A For EBITDA | 1.79M | 1.30M | 796.00K | 488.00K |
| EBIT | -18.32M | -5.70M | -6.32M | -15.32M |
| EBIT Margin | -6.36% | -2.37% | -4.03% | -16.25% |
| Advertising Expenses | 12.90M | 11.00M | 7.90M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Cash & Equivalents | 93.54M | 10.86M | 17.31M | 30.95M |
| Cash & Short-Term Investments | 93.54M | 10.86M | 17.31M | 30.95M |
| Receivables | 36.96M | 28.78M | 17.85M | 7.28M |
| Inventory | 51.89M | 46.98M | 23.67M | 17.67M |
| Prepaid Expenses | 4.73M | 15.52M | 713.00K | 1.27M |
| Total Current Assets | 187.11M | 102.14M | 59.54M | 57.18M |
| Property, Plant & Equipment | 9.79M | 8.90M | 4.44M | 1.96M |
| Goodwill | 4.24M | 4.24M | 4.24M | 4.24M |
| Other Intangible Assets | 522.00K | 561.00K | 638.00K | 716.00K |
| Other Long-Term Assets | 955.00K | 567.00K | 104.00K | 278.00K |
| Total Assets | 202.63M | 116.42M | 68.96M | 64.38M |
| Accounts Payable | 16.00M | 19.61M | 7.42M | 10.76M |
| Accrued Expenses | 30.51M | 20.44M | 21.47M | 9.98M |
| Current Portion of Leases | 166.00K | 50.00K | 190.00K | 110.00K |
| Other Current Liabilities | 3.78M | |||
| Total Current Liabilities | 46.68M | 43.88M | 29.07M | 20.85M |
| Long-Term Debt | 60.21M | 24.73M | 24.18M | |
| Long-Term Leases | 100.00K | |||
| Other Long-Term Liabilities | 667.00K | 34.43M | 25.33M | 8.46M |
| Total Liabilities | 47.35M | 138.52M | 79.14M | 53.59M |
| Common Stock | 4.00K | 1.00K | 1.00K | |
| Additional Paid-In Capital | 311.78M | 11.67M | 6.35M | 3.47M |
| Retained Earnings | -156.50M | -135.74M | -118.49M | -94.65M |
| Total Common Equity | 155.28M | -124.07M | -112.14M | -91.18M |
| Shareholders' Equity | 155.28M | -22.10M | -10.17M | 10.79M |
| Total Liabilities & Equity | 202.63M | 116.42M | 68.96M | 64.38M |
| Total Debt | 166.00K | 60.26M | 24.92M | 24.39M |
| Net Cash (Debt) | 93.38M | -49.40M | -7.62M | 6.56M |
| Net Cash Per Share | 4.49 | -7.19 | -1.19 | 1.04 |
| Filing Date Shares Outstanding | 41.99M | 41.88M | 6.58M | 6.33M |
| Total Common Shares Outstanding | 41.98M | 7.46M | 6.58M | 6.33M |
| Working Capital | 140.43M | 58.27M | 30.47M | 36.33M |
| Book Value Per Share | 3.70 | -16.64 | -17.05 | -14.41 |
| Tangible Book Value | 150.52M | -128.87M | -117.02M | -96.14M |
| Tangible Book Value Per Share | 3.59 | -17.28 | -17.80 | -15.20 |
| Machinery | 12.05M | 7.95M | 4.64M | 1.44M |
| Construction In Progress | 778.00K | 2.98M | 394.00K | 763.00K |
| Leasehold Improvements | 78.00K | 78.00K | 78.00K | 78.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Net Income | -9.51M | -17.25M | -23.84M | -17.64M |
| Depreciation & Amortization | 1.79M | 1.30M | 796.00K | 488.00K |
| Other Amortization | 318.00K | 503.00K | 576.00K | 563.00K |
| Loss (Gain) From Sale of Assets | 16.00K | 91.00K | ||
| Stock-Based Compensation | 8.83M | 3.92M | 1.79M | 1.37M |
| Other Operating Activities | -5.68M | 12.00M | 18.71M | 1.34M |
| Change in Accounts Receivable | -10.70M | -10.93M | -10.57M | -910.00K |
| Change in Inventory | -20.68M | -25.82M | -6.90M | 494.00K |
| Change in Accounts Payable | 932.00K | 9.17M | -3.34M | 1.14M |
| Change in Other Net Operating Assets | 4.09M | -2.78M | 11.71M | 4.97M |
| Operating Cash Flow | -30.59M | -29.91M | -11.04M | -8.09M |
| Capital Expenditures | -5.66M | -5.25M | -3.01M | -1.40M |
| Investing Cash Flow | -5.66M | -5.25M | -3.01M | -1.40M |
| Long-Term Debt Issued | 35.00M | |||
| Net Debt Issued (Repaid) | -22.00M | 35.00M | ||
| Issuance of Common Stock | 156.79M | 1.41M | 427.00K | |
| Other Financing Activities | -15.65M | -7.70M | -27.00K | -11.00K |
| Financing Cash Flow | 119.13M | 28.71M | 400.00K | -11.00K |
| Net Cash Flow | 82.88M | -6.45M | -13.65M | -9.50M |
| Free Cash Flow | -36.25M | -35.16M | -14.05M | -9.49M |
| Free Cash Flow Margin | -12.58% | -14.61% | -8.96% | -10.06% |
| Free Cash Flow Per Share | -1.74 | -5.11 | -2.19 | -1.50 |
| Levered Free Cash Flow | -28.30M | -38.92M | -12.67M | |
| Unlevered Free Cash Flow | -27.35M | -37.71M | -12.24M | |
| Cash Interest Paid | 1.59M | 1.93M | 696.00K | 680.00K |
| Cash Income Tax Paid | 3.00K | 9.00K | ||
| Change in Working Capital | -26.35M | -30.37M | -9.10M | 5.69M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Market Capitalization | 630.70M | |||
| Enterprise Value | 537.32M | |||
| Debt / Equity Ratio | 0.00 | -2.73 | -2.45 | 2.26 |
| Net Debt / Equity Ratio | -0.60 | -2.23 | -0.75 | -0.61 |
| Net Debt / EBITDA Ratio | 5.65 | -11.22 | -1.38 | 0.44 |
| Net Debt / FCF Ratio | 2.58 | -1.41 | -0.54 | 0.69 |
| Asset Turnover | 1.97 | 2.60 | 2.35 | |
| Inventory Turnover | 3.89 | 3.93 | 4.28 | |
| Quick Ratio | 2.80 | 0.90 | 1.21 | 1.83 |
| Current Ratio | 4.01 | 2.33 | 2.05 | 2.74 |
| Return on Equity (ROE) | -16.01% | -7,713.92% | ||
| Return on Assets (ROA) | -7.84% | -3.84% | -5.92% | |
| Return on Capital Employed (ROCE) | -11.80% | -7.90% | -15.80% | -35.20% |
| Buyback Yield / Dilution | -217.86% | -7.15% | -1.44% |