One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
Edible Garden AG Incorporated
EDBL · NCM · Consumer Defensive · Farm Products
Current price
$1.19
52-week range
$1.11 - $1,251.00
Market cap
$2.32M
Balance sheet
Distressed
-11.10x Concerning
Net debt $14.06M. Interest coverage shows how many times profit covers the interest bill.
What stands out
1 Reward
3 Risks
1 rewards · 3 risks
- Reward Revenue grew 8.0% last year.
- Risk Return on equity was -152.4% last year — the company lost money on shareholders' equity.
- Risk Operating margin compressed from -77.9% to -89.9% over 3 years.
- Risk Insider ownership is only 0.1% (peer median: 10.5%).
What this company does
Edible Garden AG Incorporated
Edible Garden is a farming company that grows packaged fresh herbs and lettuces, like basil and salad kits, inside controlled indoor environments. It makes money primarily by selling these products to large supermarket chains. This matters because growing food indoors can create a more reliable supply chain (the entire process of getting food from the farm to the store shelf), which isn't dependent on seasonal weather.
How the company got here
Edible Garden was formed in 2020 after its management team purchased the assets of a struggling business from a company called Terra Tech. The new company, Edible Garden AG Incorporated, focused on improving the quality and safety of its products. It operates in the controlled environment agriculture (CEA) sector, which means it grows produce indoors using technology to control the growing conditions. This allows them to grow fresh, organic food sustainably and safely.
What it actually does
Edible Garden grows and sells a variety of fresh, organic produce that you might find in your local supermarket. This includes packaged herbs like basil, cilantro, and rosemary, as well as different types of lettuce and salad kits. The company uses indoor farming methods like greenhouses and hydroponics (growing plants without soil) to grow its products year-round. They sell these fresh goods to over 4,000 grocery stores across the United States.
Fresh Produce
This is the company's main business, focused on growing and selling fresh, organic herbs and lettuces. These products are grown in the company's own greenhouses in New Jersey and Michigan, as well as through a network of other growers. This segment provides the majority of the company's revenue (the total money it brings in from sales). They sell items like living herbs in pots and cut herbs in packages to major supermarkets.
Consumer Packaged Goods
Edible Garden also has a growing business in non-perishable food products. This includes a variety of items like protein powders under the Vitamin Way® and Vitamin Whey® brands, gourmet sauces called Pulp, and sports nutrition products. This part of the business is a key focus for growth because these products have a longer shelf life and can offer higher profit margins (the portion of sales revenue that turns into actual profit). The company is expanding this segment to create a more stable and profitable business.
What management is betting on now
The company's current strategy is called "Farm-to-Formula®," which aims to expand beyond fresh produce into higher-value nutritional products. They are investing in their line of shelf-stable goods like protein powders and ready-to-drink beverages, which tend to be more profitable than fresh herbs and lettuce. Management believes this shift will lead to long-term growth and make the company more resilient. They are also focused on expanding their distribution partnerships with major retailers to get their products into more stores.
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q3
$-1.12M
FY2024 Q4
$-1.88M
FY2025 Q1
$-3.41M
FY2025 Q2
$-3.49M
FY2025 Q3
$-2.79M
FY2025 Q4
$-2.76M
FY2026 Q1
$147.00K
FY2026 Q2
$-2.62M
Revenue
$3.55M
Net income
$-3.26M
Diluted EPS
-18.79
Operating cash flow
$644.00K
Free cash flow
$-2.62M
Fetching…
Sources
Revenue
$3.34M
Net income
$-3.67M
Diluted EPS
-5.25
Operating cash flow
$251.00K
Free cash flow
$147.00K
Fetching…
Sources
Revenue
$4.13M
Net income
$-5.92M
Diluted EPS
-109.97
Operating cash flow
$-2.66M
Free cash flow
$-2.76M
Fetching…
Sources
Revenue
$2.82M
Net income
$-4.04M
Diluted EPS
1.38
Operating cash flow
$-2.38M
Free cash flow
$-2.79M
Fetching…
Sources
Revenue
$3.15M
Net income
$-4.04M
Diluted EPS
-6.58
Operating cash flow
$-3.43M
Free cash flow
$-3.49M
Fetching…
Sources
Revenue
$2.72M
Net income
$-3.32M
Diluted EPS
-2.47
Operating cash flow
$-3.33M
Free cash flow
$-3.41M
Fetching…
Sources
Revenue
$3.87M
Net income
$-3.08M
Diluted EPS
286.46
Operating cash flow
$-1.75M
Free cash flow
$-1.88M
Fetching…
Sources
Revenue
$2.58M
Net income
$-2.06M
Diluted EPS
16.32
Operating cash flow
$-1.11M
Free cash flow
$-1.12M
Fetching…
Sources
Is it cheap or expensive?
Fair value — vs current price $1.19
We couldn't calculate a fair value right now.
Is it drowning in debt?
Distressed
Net debt $14.1M. Interest coverage -11.1x.
Net debt
$14.06M
Interest coverage
-11.10x
Edible Garden AG Incorporated's profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 2 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Distressed
Worse cushion
Baseline
Better cushion
EDBL
BASELINE
Edible Garden AG Incorporated
Total debt $14.72M Interest coverage -11.10x This is the baseline the peer rows are being compared against.
Total debt $541.70M Interest coverage -1.95x Neither company has much profit cushion over interest right now.
Total debt $46.19M Interest coverage 10.13x This peer still has a real interest-payment cushion, while EDBL does not.
Total debt $158.15M Interest coverage -3.33x Neither company has much profit cushion over interest right now.
What you should know
The case for and against EDBL
1 Reward
3 Risks
Rewards
-
Revenue grew 8.0% last year.
Risks
-
Return on equity was -152.4% last year — the company lost money on shareholders' equity.
-
Operating margin compressed from -77.9% to -89.9% over 3 years.
-
Insider ownership is only 0.1% (peer median: 10.5%).
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
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Forward P/E
-0.08x
P/B
-0.61x
P/S
0.17x
EV/EBITDA
-1.60x
PEG ratio
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Profitability
How much profit each dollar creates
Gross margin
-10.0%
Operating margin
-89.9%
Net margin
-122.1%
ROE
-152.4%
ROA
-48.3%
Health
Liquidity and balance-sheet strength
Debt / equity
2.64x
Current ratio
0.73x
Quick ratio
0.18x
Total debt
$14.72M
Total cash
$658.00K
Growth
How the business has been compounding
Revenue TTM
$13.84M
Revenue 5Y CAGR
3.5%
EPS TTM
-889.79
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$-4.14M
Free CF TTM
$-12.44M
FCF margin
-89.9%
Dividend
Shareholder payout
Yield
—
Payout ratio
0.0%
Last ex-div date
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