Buda Juice (BUDA) Q3 2026 earnings summary

Executive summary

• Q3 2026 revenue reached a record $5.207M, up 64.4% YoY; core beverage same-store sales rose 23%.

• Growth reflected organic gains with existing customers and a full quarter of the acquired refrigerated dressings business.

• Gross margin improved 417 bps sequentially to 40.8%; adjusted EBITDA rose 35% YoY to $1.306M.

Financial highlights

• Q3 gross profit increased 50.9% YoY to $2.124M; operating income rose 14.5% to $996K, while net income was $866K versus $881K.

• Operating expenses were $1.1M, or 21.7% of revenue, versus $0.5M, or 17.0%, a year earlier; higher public-company and stock-based compensation costs contributed to the increase.

• 9M revenue rose 36.1% to $13.223M; net income declined to $1.724M from $2.858M, amid lower margins and higher taxes.

• Q3 operating cash flow was $710K; 9M operating cash flow was $1.650M, down 38.1% YoY.

Outlook and guidance

• Refrigerated dressings production is targeted to transition in-house at the Dallas facility in Q1 2027, with production upgrades underway to reduce co-packing costs.

• Priorities include increasing velocity and assortment with existing retailers, expanding where demand and economics support it, and investing in production and distribution with discipline.

• Regional production facilities are contemplated over time to serve short-shelf-life products; facility investment is expected to depend on demonstrated customer demand.

• Planned facilities and other long-term needs may require operating cash flow, IPO proceeds, or additional equity or debt financing.