Mama's Creations (MAMA) Q4 2026 earnings summary

Executive summary

• Fiscal 2026 was described as the most transformational year, with revenue up 39% to $171.7M and adjusted EBITDA up 52% to $15.4M, driven by organic growth and the Crown 1 acquisition.

• Q4 revenue grew 61% year-over-year to $54M, with net income up 38% to $2.2M and adjusted EBITDA up 77% to $5.5M, capping a record quarter and year.

• The company expanded its manufacturing footprint, integrated new facilities, and achieved operational milestones, including record gross margins and new retail partnerships.

• Strategic focus remains on the 4Cs: cost, controls, culture, and catapult (growth acceleration), driving growth at five times the category rate.

• Major new retail placements secured at Walmart, Food Lion, Target, and Costco, with Costco sales exceeding $10M in Q1 FY2026.

Financial highlights

• Q4 revenue increased 60.7% year-over-year to $54M; full-year revenue rose 39.2% to $171.7M.

• Q4 gross profit rose 54% to $14M (25.9% margin); full-year gross profit up 41% to $43M (25.1% margin).

• Q4 net income increased 37.5% to $2.2M ($0.05/share); full-year net income up 43.2% to $5.3M ($0.13/share).

• Adjusted EBITDA for Q4 up 77.4% to $5.5M; full-year Adjusted EBITDA up 52.5% to $15.4M.

• Cash and equivalents at $20M (vs. $7.2M prior year); total debt at $5.4M.

Outlook and guidance

• Management reiterated confidence in sustaining double-digit revenue growth for fiscal 2027, leveraging organic expansion, deeper retail distribution, and a defined M&A strategy.

• Gross margins are expected to trend higher year-over-year, with some quarterly variability due to seasonality and commodity costs.

• Strategic priorities include optimizing the three-facility network, expanding retail and club distribution, and pursuing accretive acquisitions.

• Operational focus remains on cost controls, innovation, and scaling distribution to achieve long-term value.