Edible Garden AG Incorporated, together with its subsidiaries, operates as a controlled environment agriculture company, cultivating fresh produce within optimized indoor settings. ...
Edible Garden AG Incorporated (EDBL) is a next-generation farming and agricultural products company focused on controlled environment agriculture (CEA). Instead of relying solely on traditional outdoor growing conditions, the company cultivates fresh produce indoors in optimized environments designed to improve consistency and supply of shelf-ready items. Its positioning emphasizes locally ...Edible Garden AG Incorporated (EDBL) is a next-generation farming and agricultural products company focused on controlled environment agriculture (CEA). Instead of relying solely on traditional outdoor growing conditions, the company cultivates fresh produce indoors in optimized environments designed to improve consistency and supply of shelf-ready items. Its positioning emphasizes locally grown and sustainability-focused farming, aligning with a “Zero-Waste Inspired®” approach referenced in company materials.
The company’s product catalog is centered on fresh herbs and leafy greens. From the provided overview, Edible Garden distributes a wide assortment of packaged herbs (including varieties such as cilantro, rosemary, mint, thyme, oregano, bay leaves, chives, sage, dill, basil, and parsley). It also offers leafy green items such as multiple lettuce formats (including “living” lettuce types) and salad/mix offerings (for example, arugula spring mix and baby blends), plus convenient salad kits.
Go-to-market is largely through retail distribution. Edible Garden sells its products to both regional and national supermarket chains, enabling scale beyond direct-to-consumer channels. The company’s presence in grocery stores is supported by packaging that makes its indoor-farmed produce easy to merchandise and consume.
In terms of operations and scale, Edible Garden reports about 94 full-time employees (with a total employee count reported around the mid-90s), indicating a relatively lean organization for an agricultural production and distribution business. The company was established in 2020 and maintains its headquarters at 283 County Road 519, Belvidere, New Jersey.
From a financial/valuation perspective (TTM metrics from the provided dataset), the company appears to be in an investment and/or scaling phase, with negative profitability measures such as negative gross profit margin and negative net/operating margins. Several cash-flow and margin-related ratios are negative, suggesting the business may be prioritizing growth, capacity building, and/or working-capital intensive operations. While balance-sheet health indicators like current ratio are below 1.0 in the dataset, the company’s reported enterprise-value multiples also reflect negative earnings/returns typical of earlier-stage or scaling phases.
Key leadership is provided by founder and CEO James E. Kras, who has served as CEO and a director since March 2020. Overall, Edible Garden’s strategy combines indoor farming/AGTech with retail distribution to offer consistent, packaged herb and produce products—while continuing to develop its cost structure, operational efficiency, and financial performance as it scales.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$12.8M
-7.6%
+6.3%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$-17.3M
-56.8%
+11.2%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
-1.6%
-109.5%
+98.5%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
-123.3%
-84.3%
+55.0%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
-135.3%
-69.7%
+16.4%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$-12.4M
-41.1%
-1879.6%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
-97.1%
-52.6%
-1774.8%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
21.8%
-76.5%
+18.9%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
0.82x
-31.2%
+0.9%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Good morning, everyone, and welcome to Edible Garden Incorporated 2026 Second Quarter Business Update Conference. [Operator Instructions] Please note, this conference is being recorded. I will now turn the call over to your host, Ted Ayvas, Investor Relations at Crescendo Communications. Ted, the floor is yours.
Ted Ayvas: Thanks, Jenny. Good morning, and thank you for joining Edible Garden's 2026 Second Quarter Earnings Conference Call and Business Update. On the call with us today are Jim Kras, Chief Executive Officer of Edible Garden; and Kostas Dafoulas, Interim Chief Financial Officer of Edible Garden. Earlier today, the company announced its operating results for the 3 and 6 months ended June 30, 2026. The press release is posted on the company's website, www.ediblegardenag.com. In addition, the company has filed its quarterly report on Form 10-Q with the U.S. Securities and Exchange Commission, which can also be accessed on the company's website as well as the SEC's website at www.sec.gov. If you have any questions after the call, would like any additional information about the company, please contact Crescendo Communications at (212) 671-1020. Before Mr. Kras reviews the company's operating results for the quarter ended June 30, 2026, and provides a business update, we would like to remind everyone that this conference call may contain forward-looking statements. All statements other than statements of historical facts contained in this conference call, including statements regarding our future results of operations and financial position, strategy and plans and our expectations for future operations are forward-looking statements. The words aim, anticipate, believe, could, expect, may, plan, project, strategy, will and the negative of such terms and other words and terms of similar expressions are intended to identify forward-looking statements. These forward-looking statements are based largely on the company's current expectations and projections about future events and trends that it believes may affect its financial condition, results of operations, strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements are subject to several risks, uncertainties and assumptions as described in the company's filings with the SEC, including the company's annual report on Form 10-K for the year ended December 31, 2025. Because of these risks, uncertainties and assumptions, the forward-looking events and circumstances discussed in the conference call may not occur, and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance or achievements. In …