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Barfresh Food Group Q1: 92% Revenue Growth, New School Contract
Description
Barfresh Food Groups fiscal year 2026 kicked off strong with a 92% increase in Q1 revenue to $5.6 million, driven by the Arps Dairy acquisition. The company is on track for full-year plans, with manufacturing ramping up and a new Ohio plant set to launch by year-end. Gross margins dipped due to lower-margin milk sales and startup costs, but net loss narrowed and adjusted EBITDA loss improved. Looking ahead, normalized gross margins are expected to reach the low forties by the second half, with flat Arps revenue and significant jumps in core school sales. Full-year guidance remains at $28-32 million in revenue and $3.2-3.8 million in adjusted EBITDA.
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