Once Upon a Farm, PBC

OFRM Consumer Defensive Packaged Foods

Once Upon a Farm, PBC’s revenue for fiscal 2025 (year ended December 2025) was $240.7 million, up 53.5% from fiscal 2024.

Revenue
+68.8%
EPS
+95.9%
Free cash flow
+59.8%

Quarter to June 2026, against a year earlier

9.18 0.03 +0.33%
Market cap
$384.2M
P/E
9.7×
Fwd P/E
−39.8×
Dividend yield
—
F-score
n/a
Altman Z
n/a
Beneish M
−1.57
Dividend safety
n/a

Insider Decisions last twelve months

Bought, $m 0.10
Sold, $m 0.07
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — 1 — — — — — — — — —
Sell — — — — — — — — 3 3 — —
Insider Ownership 51.85%

Capital & Financial Ratios $m

Size
Market Cap 384.22
Revenue ttm 282.15
Net income ttm (47.05)
Free cash flow ttm (59.72)
Net debt Q (93.54)
Valuation
P/E 9.72
Forward P/E (39.80) (negative: loss-making)
Price / sales 1.37
Forward P/S Powerpack
Price / FCF 0.00
Price / book 2.50
Financial health
Current ratio Q 4.01 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q (115.08)
Growth
Revenue growth Q +68.75% (above 0%: growing)
Operating income growth Q +38.62% (above 0%: growing)
EPS, this year +82.11% (at or above 15%: strong)
EPS, next year A +146.50% (at or above 15%: strong)
Revenue, next year A +37.90% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash — 17 11 94
Receivables — 18 29 37
Inventory — 24 47 52
Other — — — —
— 60 102 187
2023 2024 2025 Q'26
Payables — 7 20 16
ST’ Debt — — — —
Other — — — —
— 29 44 47

Compound Annual Growth %

10y 5y 3y
Sales — — —
Cash Flow — — —
Earnings — — —
Book Value — — —

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 (0.59) (0.12) — — —
’25 (2.95) (1.36) — 0.62 (2.51)
’24 — — — — (3.71)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 73 85 — — —
’25 51 60 — 64 241
’24 — — — — 157
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (13) (5) — — —
’25 (14) (3) — (30) (30)
’24 — — — (11) (11)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (14) (6) — — —
’25 (15) (4) — (35) (35)
’24 — — — (14) (14)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — — — — — — — 94 157 241 282 +59.8% 332 441 552 +31.9%
Gross margin, % — — — — — — — 41.14 43.58 42.33 52.74 +1.2 pt
EBT — — — — — — — (18) (24) (17) 34 (1.0%)
EBT margin, % — — — — — — — (18.67) (15.17) (7.17) 12.06 +11.5 pt
Net income — — — — — — — (18) (24) (17) (47) (1.1%)
Per share, $
Per share, $ Revenue — — — — — — — 14.91 24.44 35.01 6.73 +53.2%
Earnings — — — — — — — (2.79) (3.71) (2.51) 0.95 (5.1%)
Cash flow — — — — — — — (1.28) (1.72) (4.35) (1.20) +84.4%
Capex — — — — — — — (0.22) (0.47) (0.76) (0.22) +85.7%
Free cash flow — — — — — — — (1.50) (2.19) (5.11) (1.42) +84.6%
Book value — — — — — — — 0.00 (17.48) (3.21) 3.70 n/m
Shares, m — — — — — — — 6 6 7 21 +4.3%
Valuation, ×
Valuation, × P/E — — — — — — — 0.00 0.00 0.00 9.72 0.0
P/S — — — — — — — 0.00 0.00 0.00 1.37 0.0
P/B — — — — — — — 0.00 0.00 0.00 2.50 0.0
EV/Sales — — — — — — — 0.00 0.00 0.00 1.26 0.0
EV/FCF — — — — — — — (3.02) (3.02) (3.02) (5.94) (3.0)
Cash, $m
Cash, $m Operating cash flow — — — — — — — (8) (11) (30) (50) +92.3%
Capex — — — — — — — (1) (3) (5) (9) +93.6%
Free cash flow — — — — — — — (9) (14) (35) (60) +92.5%
Balance, $m
Balance, $m Working capital — — — — — — — — 30 58 140 +91.3%
Net debt — — — — — — — — 7 49 (94) +564.6%
Shareholders’ equity — — — — — — — — (112) (22) 155 (80.3%)
Returns, %
Returns, % ROA — — — — — — — 0.00 (69.13) (18.61) (7.19) (18.6) pt
ROIC — — — — — — — 0.00 0.00 (13.08) 42.78 (13.1) pt
ROE — — — — — — — 0.00 0.00 14.61 0.00 +14.6 pt
People
People Employees — — — — — — — — — 153 — —
Revenue/emp, $m — — — — — — — 0.00 0.00 1.57 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

Once Upon a Farm, PBC vs peers in Packaged Foods (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
JBSS John B. Sanfilippo & Son, Inc. $637.5M 11.3× 10.1× −3.53% (below 0%: shrinking) −29.76% (below 0%: shrinking) −73.61% (below 0%: shrinking) 16.97% 6.71% Compare
MAMA Mama's Creations, Inc. $612.5M 74.9× 51.9× +55.05% (above 0%: growing) +100.00% (above 0%: growing) +373.41% (above 0%: growing) 23.96% 5.48% Compare
OFRM Once Upon a Farm, PBC $384.2M 9.7× — (loss-making) +68.75% (above 0%: growing) n/m +59.77% (above 0%: growing) 35.89% (6.60%)
LWAY Lifeway Foods, Inc. $335.4M 30.7× 43.3× +24.10% (above 0%: growing) −96.43% (below 0%: shrinking) −598.84% (below 0%: shrinking) 19.47% 0.90% Compare
ENHA Enhanced Group Inc. $323.3M 10.8× — — n/m −483.42% (below 0%: shrinking) 100.00% (349.85%) Compare
PRE Prenetics Global Limited $273.0M — (loss-making) — (loss-making) +288.57% (above 0%: growing) n/m −297.16% (below 0%: shrinking) 64.97% (45.13%) Compare
USNA USANA Health Sciences, Inc. $256.1M — (loss-making) — (loss-making) −3.64% (below 0%: shrinking) n/m +180.61% (above 0%: growing) 76.34% (0.70%) Compare
OTLY Oatly Group AB Sponsored ADR $245.7M — (loss-making) — (loss-making) +9.09% (above 0%: growing) n/m −254.68% (below 0%: shrinking) 34.14% (3.78%) Compare
BRCC BRC Inc. $244.5M — (loss-making) 42.0× +7.27% (above 0%: growing) n/m −141.35% (below 0%: shrinking) 37.14% (6.93%) Compare
Median of peers $298.1M 21.0× 42.7× +9.09% −29.76% −198.01% 35.64% (2.24%)

All 68 Packaged Foods stocks →

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stockrow.com/OFRM · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com