Barfresh Q2 revenue rises on ARP's Dairy acquisition; misses estimates

Barfresh Food

14/08/2026 21:23

Overview
Frozen beverage maker's Q2 revenue rose 190% yr/yr, driven by Arps Dairy acquisition
Company posted Q2 net loss of $1.9 mln and adjusted EBITDA loss of $1.2 mln
Barfresh revised 2026 outlook lower due to slower production ramp and higher startup costs

Outlook
Barfresh revises 2026 revenue guidance to $23 mln-$26 mln, citing slower production efficiency ramp
Company now sees 2026 Adjusted EBITDA of negative $1.0 mln to negative $2.0 mln
Barfresh expects sequential revenue improvement in H2 2026 as new school district wins ramp

Result Drivers
ARPS DAIRY ACQUISITION - Revenue growth in Q2 was primarily driven by the contribution from the Arps Dairy acquisition
PRODUCTION INEFFICIENCIES - Lower-than-expected productivity and higher startup costs at the Arps Dairy facility weighed on gross margin and adjusted EBITDA
SHIFT IN PRODUCT MIX - Increased focus on single-serve products and leveraging broker network reduced selling and distribution costs

Company press release: ID:nGNXGnwCz

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$4.70 mln
$5.35 mln (2 Analysts)
Q2 Net Loss
 
$1.90 mln
 
Q2 Adjusted EBITDA
Miss
-$1.22 mln
-$365,500 (2 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the non-alcoholic beverages peer group is "buy"
Wall Street's median 12-month price target for Barfresh Food Group Inc is $5.25, about 185.3% above its August 13 closing price of $1.84

Reuters Recommended Reads
Aug 13 - Laird Superfood Q2 revenue crushes estimates, jumping 244% on retail expansion, acquisition contributions 
Aug 13 - Jones Soda Q2 revenue doubles; outlook raised, expects strong Q3
Aug 13 - BranchOut Food Q2 revenue hits record high on ingredient business growth

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)