Buda Juice (BUDA) investor relations material

Executive summary

• Revenue for Q2 2026 grew 26.4% year-over-year to $4.5 million, driven by organic growth, same-store sales, and new Walmart and dressings business contributions.

• Net income was $500,000 ($0.04 per diluted share), down from $1.2 million in Q2 2025, primarily due to higher operating expenses and lower gross margins.

• The company completed its IPO in January 2026, raising $23 million in gross proceeds and converting from an LLC to a C-corporation.

• Cash position at quarter-end was $18.8 million with no debt, funding all growth initiatives internally.

• Expanded distribution into 246 Walmart locations and launched/acquired a fresh dressings business.

Financial highlights

• Q2 2026 revenue: $4.5 million (+26.4% YoY); gross profit: $1.7 million (flat YoY).

• Gross margin declined to 36.6% from 46.7% YoY, mainly due to temporary co-packing, freight, labor, and produce costs.

• Operating expenses rose to $1.2 million (26.8% of revenue) from $0.5 million (14.7%) YoY, driven by public company costs and stock-based compensation.

• Adjusted EBITDA was $0.7 million (16.1% margin), down from $1.2 million (33.8% margin) YoY.

• Free cash flow was negative $0.8 million, impacted by a one-time AR change and higher CapEx.

Outlook and guidance

• Preliminary Q3-to-date net sales are up over 40% year-over-year, with strong momentum from same-store sales, Walmart, and dressings.

• Gross margin expected to improve as dressings production moves in-house in Q1 2027.

• Management expects to fund cash requirements with existing cash, operations, and available credit.

• Free cash flow anticipated to normalize in Q3.

• Continued strong interest from new and existing customers, with potential for further expansion.