EDBL · Edible Garden AG Inc
Edible Garden AG Incorporated, together with its subsidiaries, operate as a controlled environment agriculture farming company. It offers various packaged products, including cilantro, rosemary, mint, thyme, oregano, bay leaves, chives, poultry mix, sage, dill, buttercrunch living lettuce, basil, living butterhead lettuce, basil, parsley, arugula spring mix, baby arugula blend, baby romaine, and crisp ranch and Caesar salad kits. 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.
Cap structure and valuation
| Cap structure | |
|---|---|
| SP | $3.51 |
| SO | 5.5M |
| Options | 1.7M |
| Warrants | 0.5M |
| FD SO | 7.7M |
| MC | $26.9M |
| Cash | $2.0M |
| Total debt | $2.5M |
| EV | $27.4M |
| TTM Multiples | |
|---|---|
| EV / Revenue | 2.0x |
| EV / EBITDA | — |
| MC / Net Income | — |
| EV / FCF | — |
| MC / FCF | — |
| Ownership & coverage | |
|---|---|
| Institutional | 8.0% |
| Insiders | 0.8% |
| # Institutions | 10 |
| Analysts | 1 |
| Consensus | — |
| Avg target | $45.00 |
| Short % float | 1.0% |
| Days to cover | 0.00 |
MC = SP × FD SO. EV = MC + Debt − Cash. SP = previous yfinance close. Balance-sheet figures as of 2026-05-05. Multiples use TTM (sum of last 4 quarters); shown as "—" when the denominator is zero or negative, or when fewer than four quarters are reported — a partial sum is not a trailing twelve months. Ownership & coverage per Yahoo Finance as of 2026-07-13 — institutional % is 13F-based, so it can lag a quarter and exceed 100% on share-count timing. Short interest per FINRA bi-monthly reporting, as of 2026-06-29; the float denominator can be unreliable on tiny floats.
Financial statements
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Total Revenue | 3.34 | 4.13 | 2.82 | 3.15 |
| Revenue YoY % | 22.9% | 6.6% | 9.0% | (26.3%) |
| Cost of Revenue | 4.39 | 5.33 | 2.54 | 2.51 |
| Gross Profit | (1.05) | (1.20) | 0.27 | 0.63 |
| Gross Profit YoY % | (1292.0%) | (5313.0%) | (60.9%) | (59.5%) |
| Gross Margin % | (31.4%) | (29.0%) | 9.7% | 20.2% |
| SG&A | 2.90 | 4.52 | 3.83 | 4.23 |
| Operating Expense | 5.63 | 4.52 | 3.83 | 4.23 |
| Operating Income | (6.68) | (5.72) | (3.56) | (3.59) |
| Operating Income YoY % | (128.2%) | (108.8%) | (138.8%) | (204.0%) |
| Operating Margin % | (199.9%) | (138.6%) | (126.3%) | (114.2%) |
| EBITDA | (3.95) | (5.07) | (2.77) | (3.36) |
| EBITDA Margin % | (118.3%) | (122.8%) | (98.4%) | (106.8%) |
| Interest Expense | 0.15 | 0.21 | 0.39 | 0.39 |
| Other Income / (Expense) | — | 9.84 | — | — |
| Pretax Income | (7.02) | 3.91 | (4.04) | (4.04) |
| Tax Provision | (3.35) | — | — | — |
| Net Income | (3.67) | 3.91 | (4.04) | (4.04) |
| Net Income to Common | (3.67) | 3.91 | (4.04) | — |
| Net Margin % | (109.8%) | 94.8% | (143.6%) | (128.5%) |
| Diluted EPS | -$5.25 | -$127.59 | -$1.38 | -$6.58 |
| Diluted Avg Shares | 0.8 | — | 2.9 | 2.1 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Total Revenue | 13.43 | 12.81 | 13.86 | 14.05 | 11.55 |
| Revenue YoY % | 4.9% | (7.6%) | (1.4%) | 21.6% | — |
| Cost of Revenue | 14.77 | 13.01 | 11.54 | 13.23 | 11.19 |
| Gross Profit | (1.34) | (0.20) | 2.31 | 0.82 | 0.36 |
| Gross Profit YoY % | (557.4%) | (108.8%) | 181.3% | 125.8% | — |
| Gross Margin % | (10.0%) | (1.6%) | 16.7% | 5.9% | 3.2% |
| SG&A | 15.49 | 15.60 | 11.59 | 10.01 | 9.37 |
| Operating Expense | 18.21 | 15.60 | 11.59 | 10.70 | 9.37 |
| Operating Income | (19.55) | (15.80) | (9.28) | (9.87) | (9.00) |
| Operating Income YoY % | (23.7%) | (70.4%) | 6.1% | (9.7%) | — |
| Operating Margin % | (145.6%) | (123.3%) | (66.9%) | (70.3%) | (77.9%) |
| EBITDA | (15.16) | (13.88) | (8.20) | (8.38) | (8.04) |
| EBITDA Margin % | (112.8%) | (108.4%) | (59.2%) | (59.7%) | (69.6%) |
| Interest Expense | 1.13 | 1.42 | 1.22 | 0.39 | 2.03 |
| Other Income / (Expense) | 9.49 | — | (0.56) | — | (1.42) |
| Pretax Income | (11.20) | (17.33) | (11.05) | (10.19) | (12.45) |
| Tax Provision | (3.35) | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income | (7.84) | (17.33) | (11.05) | (10.19) | (12.45) |
| Net Income to Common | (17.68) | (17.33) | (11.05) | (10.19) | (12.45) |
| Net Margin % | (58.4%) | (135.3%) | (79.8%) | (72.5%) | (107.8%) |
| Diluted EPS | -$140.80 | -$117.64 | -$685.62 | -$1541.79 | — |
| Diluted Avg Shares | 0.8 | 0.3 | 0.0 | 0.0 | — |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Cash & Equivalents | 1.95 | 1.11 | 0.83 | 2.82 |
| Receivables | 1.59 | 1.91 | 1.66 | 1.21 |
| Inventory | 1.34 | 1.86 | 1.72 | 1.37 |
| Other Current Assets | 0.72 | 0.91 | 0.65 | — |
| Total Current Assets | 5.60 | 5.79 | 4.86 | 5.89 |
| Net PPE | 7.50 | 10.11 | 10.65 | 11.01 |
| Operating Lease ROU | 3.98 | 4.29 | 4.21 | 4.48 |
| Intangible Assets | 0.30 | 0.30 | 0.31 | 0.31 |
| Total Assets | 17.48 | 20.60 | 20.13 | 21.81 |
| Accounts Payable | 3.62 | 3.79 | 1.93 | 0.90 |
| Current Lease Liabilities | 0.23 | 0.23 | 0.22 | 0.22 |
| Other Current Liabilities | 3.88 | 3.08 | 3.96 | 2.84 |
| Total Current Liabilities | 7.73 | 7.09 | 6.10 | 3.95 |
| Long-term Debt | 0.19 | 0.21 | 0.24 | 0.33 |
| Long-term Lease Liabilities | 0.71 | 0.77 | 0.82 | 0.88 |
| Total Liabilities | 8.65 | 8.10 | 7.21 | 5.22 |
| Retained Earnings | (62.31) | (58.64) | (52.72) | (48.68) |
| Total Equity | 8.83 | 12.50 | 12.92 | 16.59 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Cash & Equivalents | 1.95 | 1.11 | 3.53 | 0.51 | 0.11 |
| Receivables | 1.59 | 1.91 | 1.97 | 1.25 | 1.10 |
| Inventory | 1.34 | 1.86 | 1.54 | 0.68 | 0.59 |
| Other Current Assets | 0.72 | 0.91 | — | — | — |
| Total Current Assets | 5.60 | 5.79 | 7.38 | 2.65 | 1.86 |
| Net PPE | 7.50 | 10.11 | 3.15 | 3.89 | 4.89 |
| Operating Lease ROU | 3.98 | 4.29 | 1.20 | 0.04 | — |
| Intangible Assets | 0.30 | 0.30 | 0.04 | 0.05 | 0.05 |
| Total Assets | 17.48 | 20.60 | 11.91 | 6.66 | 6.96 |
| Accounts Payable | 3.62 | 3.79 | 2.29 | 1.23 | 1.73 |
| Current Lease Liabilities | 0.23 | 0.23 | 0.21 | 0.03 | — |
| Other Current Liabilities | 3.88 | 3.08 | 3.71 | 1.64 | 3.10 |
| Total Current Liabilities | 7.73 | 7.09 | 6.21 | 2.90 | 4.83 |
| Long-term Debt | 0.19 | 0.21 | 0.54 | 4.04 | 4.28 |
| Long-term Lease Liabilities | 0.71 | 0.77 | 0.99 | 0.00 | — |
| Total Liabilities | 8.65 | 8.10 | 7.82 | 6.94 | 9.14 |
| Retained Earnings | (62.31) | (58.64) | (41.31) | (30.26) | (20.07) |
| Total Equity | 8.83 | 12.50 | 4.09 | (0.29) | (2.18) |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Net Income | (3.67) | 3.91 | (4.04) | (4.04) |
| D&A | 2.72 | 0.65 | 0.79 | 0.23 |
| Stock-Based Comp | 0.01 | 0.98 | 0.00 | 0.00 |
| Δ Working Cap & Other | 1.19 | (8.21) | 0.88 | 0.38 |
| Operating Cash Flow | 0.25 | (2.66) | (2.38) | (3.43) |
| CapEx | (0.10) | (0.10) | (0.41) | (0.05) |
| Investing Cash Flow | (0.10) | (0.46) | (0.41) | (0.05) |
| Debt Issuance | 1.50 | 0.05 | 1.93 | 1.44 |
| Debt Repayment | (0.80) | (0.85) | (1.65) | (2.40) |
| Stock Issuance | 0.00 | 0.04 | 0.53 | 0.61 |
| Other Financing | — | 4.16 | — | 6.25 |
| Financing Cash Flow | 0.69 | 3.40 | 0.79 | 5.90 |
| Free Cash Flow | 0.15 | (2.76) | (2.79) | (3.49) |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Net Income | (7.84) | (17.33) | (11.05) | (10.19) | (12.45) |
| D&A | 4.40 | 1.92 | 1.08 | 1.49 | 0.96 |
| Stock-Based Comp | 0.98 | 0.98 | 0.14 | 0.03 | 0.12 |
| Δ Working Cap & Other | (5.75) | 2.63 | 1.31 | 0.14 | 2.19 |
| Operating Cash Flow | (8.22) | (11.80) | (8.52) | (8.53) | (9.19) |
| CapEx | (0.66) | (0.64) | (0.30) | (1.02) | (1.98) |
| Investing Cash Flow | (1.02) | (0.99) | (0.30) | (1.02) | (2.03) |
| Debt Issuance | 4.91 | 3.60 | 2.85 | 0.17 | 1.56 |
| Debt Repayment | (5.69) | (5.95) | (6.13) | (2.20) | (3.30) |
| Stock Issuance | 1.18 | 2.32 | 1.19 | 0.00 | 14.65 |
| Other Financing | 10.39 | 10.39 | 13.93 | 11.97 | (1.62) |
| Financing Cash Flow | 10.79 | 10.38 | 11.84 | 9.95 | 11.30 |
| Free Cash Flow | (8.88) | (12.44) | (8.82) | (9.55) | (11.17) |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Current Ratio | 0.72 | 0.82 | 0.80 | 1.49 |
| Quick Ratio | 0.55 | 0.55 | 0.51 | 1.14 |
| Debt / Equity | 0.98 | 0.65 | 0.56 | 0.31 |
| EBITDA Margin % | (118.3%) | (122.8%) | (98.4%) | (106.8%) |
| Working Capital | (2.13) | (1.29) | (1.25) | 1.94 |
| Net Debt | (1.76) | (0.90) | (0.59) | (2.49) |
| ROE % | (41.5%) | 31.3% | (31.3%) | (24.4%) |
| ROA % | (21.0%) | 19.0% | (20.1%) | (18.5%) |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Current Ratio | 0.72 | 0.82 | 1.19 | 0.91 | 0.39 |
| Quick Ratio | 0.55 | 0.55 | 0.94 | 0.68 | 0.26 |
| Debt / Equity | 0.98 | 0.65 | 1.91 | -24.11 | -4.19 |
| EBITDA Margin % | (112.8%) | (108.4%) | (59.2%) | (59.7%) | (69.6%) |
| Working Capital | (2.13) | (1.29) | 1.17 | (0.26) | (2.97) |
| Net Debt | (1.76) | (0.90) | (2.99) | 3.53 | 4.17 |
| ROE % | (88.8%) | (138.7%) | (269.9%) | 3537.5% | 571.2% |
| ROA % | (44.9%) | (84.2%) | (92.7%) | (153.1%) | (178.8%) |
Insider activity (last 2 years)
| Date Filed | Reporter | Relationship | Trans. Date | Code | Shares | Price | Total Value |
|---|---|---|---|---|---|---|---|
| 2026-06-03 | Wolinsky Scott | 10% Owner | 2026-06-03 | P | (500,000) | $0.21 | -$105,000 |
| 2026-06-03 | Wolinsky Scott | 10% Owner | 2026-06-01 | P | (400,000) | $0.22 | -$88,000 |
| 2026-06-03 | Wolinsky Scott | 10% Owner | 2026-05-27 | P | 150,000 | $0.27 | $40,500 |
| 2026-01-16 | Naidrich Michael Joseph | Director | 2025-12-29 | A | 131,810 | — | $0 |
| 2026-01-05 | Kras James E. | Director, Officer (President and CEO) | 2025-12-31 | P | 3,700 | $0.55 | $2,050 |
| 2025-12-17 | DonAroma Pamela | Director | 2025-12-15 | A | 47,364 | — | $0 |
| 2025-11-21 | Rogers Ryan L. | Director | 2025-11-20 | A | 93,457 | — | $0 |
| 2025-11-21 | McConnell Mathew J. | Director | 2025-11-20 | A | 93,457 | — | $0 |
| 2025-11-21 | DonAroma Pamela | Director | 2025-11-20 | A | 64,252 | — | $0 |
| 2025-11-21 | Kras James E. | Director, Officer (President and CEO) | 2025-11-20 | A | 934,579 | — | $0 |
| 2025-11-21 | Kras James E. | Director, Officer (President and CEO) | 2025-11-20 | A | 988,247 | — | $0 |
| 2025-06-09 | Kras James E. | Director, Officer (President and CEO) | 2025-06-06 | P | 400 | $2.62 | $1,049 |
| 2025-06-09 | Kras James E. | Director, Officer (President and CEO) | 2025-06-05 | P | 1,450 | $2.68 | $3,882 |
| 2025-06-05 | Kras James E. | Director, Officer (President and CEO) | 2025-06-04 | P | 325 | $3.07 | $998 |
| 2024-12-02 | Kras James E. | Director, Officer (President and CEO) | 2024-11-29 | P | 22,200 | $0.17 | $3,756 |
| 2024-12-02 | McConnell Mathew J. | Director | 2024-11-27 | P | 2,013 | $0.17 | $334 |
| 2024-12-02 | Kras James E. | Director, Officer (President and CEO) | 2024-11-27 | P | 11,500 | $0.17 | $1,939 |