Arcadia Biosciences
Sells Thailand-sourced Zola Coconut Water through U.S. grocery and foodservice channels.
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Profile
Generates revenue by selling Zola Coconut Water in several flavors through U.S. grocery and foodservice channels. Its Thailand-based sourcing and single-brand product base replace a former agricultural-biotechnology portfolio whose wheat licensing rights no longer produce revenue.
Builds its current operating business around Zola Coconut Water, sold in original, pulp, espresso and pineapple varieties through U.S. grocery retailers and foodservice distributors. The coconuts are grown, harvested and packaged in Thailand, while the corporate headquarters and sales base are in the United States. Earlier agricultural-biotechnology work, including GoodWheat and crop-trait assets, has been sold or discontinued and no longer provides a current license or royalty line.
Recognizes product revenue when third-party distributors and retailers take control of product, with product and freight as principal costs. Broader distribution and higher sales volume drove higher Zola revenue without price increases. Product revenue comes entirely from Zola; supply, freight, tariffs, distributor access, shelf space and e-commerce placement determine the operating base.
Company facts
Key statistics
Year to date −75.3% · Average volume (30d) 173.8K
Analysts
Ratings
Target range
Latest analyst notes
No analyst notes in the last 24 months.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 13, 2026Q2 FY26 | −$0.56 | −$2.09 | −273.2% | $1.9M | $1.4M | −24.1% | +9.60% |
| May 14, 2026Q1 FY26 | −$0.80 | −$2.11 | −163.7% | $1.6M | $1.1M | −31.3% | −10.69% |
| Mar 26, 2026Q4 FY25 | −$0.66 | −$0.98 | −48.5% | $1.4M | $901.0K | −35.6% | −3.29% |
| Nov 7, 2025Q3 FY25 | −$0.54 | $0.62 | +214.8% | $1.9M | $1.3M | −31.5% | −2.17% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.2M | $1.5M | $1.3M | $901.0K | $1.1M | $1.4M | |
| Gross profit | $518.0K | $631.0K | $418.0K | $192.0K | $400.0K | $631.0K | |
| Operating income | −$1.2M | −$6.0M | −$1.4M | −$1.4M | −$779.0K | −$496.0K | |
| Net income | $2.6M | −$4.5M | $856.0K | −$1.3M | −$4.4M | −$6.3M | |
| Diluted EPS | $1.90 | −$3.26 | $0.62 | −$0.98 | −$3.21 | −$4.58 | |
| Gross margin | 43.2% | 43.4% | 32.1% | 21.3% | 36.4% | 43.7% | |
| Operating margin | -101.7% | -411.7% | -108.2% | -152.6% | -70.8% | -34.4% |
Fiscal years (4-quarter sums)FY21 $6.8M · FY22 $9.6M · FY23 $5.0M · FY24 $5.0M · FY25 $4.9M
Revenue by product · Q2 FY26
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $4.2M · Total debt $0 · Total assets $5.9M · Shareholders' equity $633.0K
Dividends
No dividends on record.
Ownership
Shares outstanding 1.55M · Float —
Insiders — no current Form 4 position.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Armistice Capital, LLC | 159.4K | 7.75% | 13G | May 15, 2026 |
| Sabby Management, LLC | 114.6K | 7.40% | 13F | May 15, 2026 |
| Geode Capital Management, LLC | 31.7K | 2.05% | 13F | May 15, 2026 |
| Susquehanna International Group, LLP | 12.6K | 0.82% | 13F | May 15, 2026 |
| State Street Corp | 12.1K | 0.78% | 13F | May 15, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Vita Coco
Leading branded coconut water in U.S. retail.
- PepsiCo
Mass-market coconut water backed by PepsiCo distribution.
- Costco
Warehouse-club private-label coconut water at value prices.
