Buda Juice Reports First Quarter Fiscal 2026 Financial Results

Published: 2026-05-13 07:01:06 ET BUDA

Completes First Full Quarter as a Public Company With 17.7% Revenue Growth and 37% Free Cash Flow Growth

Published on 05/13/2026 at 07:01 am EDT

Buda Juice, Inc. (NYSE American: BUDA), $BUDA, creator and pioneer of the Ultra Fresh™ category in the supermarket fresh perimeter, today reported financial results for the quarter ended March 31, 2026.

Horatio Lonsdale-Hands, Co-Founder and Chief Executive Officer of Buda Juice, commented:

"The first quarter of fiscal 2026 represents a meaningful milestone for Buda Juice. It was effectively our first full quarter as a public company, and we delivered on our commitments. Revenue grew nearly 18% year over year, above the mid-teens outlook we discussed on our last earnings call, while free cash flow increased 37% from the prior-year period.

“Gross margin was impacted by a temporary spike in lime costs following supply chain disruptions in western Mexico in March. Improved labor efficiency, with labor costs as a percentage of revenue improving more than 150 basis points year over year, helped partially offset the impact. Conditions stabilized by the end of the quarter, and we do not currently view this as reflective of the underlying economics of our business.

"Subsequent to quarter's end, Buda Juice reached another major milestone with the expansion of Buda Fresh™ Cherry Limeade into 246 Walmart stores across nine states. This significantly expanded our geographic footprint beyond Texas and represents an important early step in demonstrating that the Ultra Fresh category and our Fresh35°™ cold-chain platform can scale into broader multi-state distribution.

“When we went public in January, we stated that expanding distribution and bringing our products to more consumers would be a key next step for the Company. We believe this expansion reflects continued progress against that strategy.”

First Quarter Financial Highlights (2026 vs. 2025)

1See GAAP to Non-GAAP reconciliations at the end of this release

1Q25

2Q25

3Q25

4Q25

1Q26

2024

2025

YTD 2026

$3.0

$3.6

$3.2

$2.9

$3.5

$11.3

$12.6

$3.5

$1.3

$1.7

$1.4

$1.2

$1.4

$5.2

$5.6

$1.4

44.9%

46.7%

44.4%

42.0%

39.5%

46.2%

44.6%

39.5%

$0.8

$1.1

$0.9

$0.7

$0.6

$3.4

$0.6

$0.8

$1.2

$0.9

$0.7

$0.4

$3.6

$3.5

$0.4

$0.06

$0.08

$0.06

$0.05

$0.03

$0.6

$0.9

$0.7

$0.5

$0.6

$2.8

$0.6

$0.05

$0.9

$1.2

$1.0

$0.7

$0.8

$3.7

$3.8

$0.8

29.6%

33.8%

30.1%

24.8%

24.2%

33.1%

29.8%

24.2%

$0.8

$0.7

$1.0

$0.5

$1.1

$3.3

$3.0

$1.1

Conference Call and Webcast Information

Buda Juice will host a conference call this morning, at 11:00 a.m. Eastern Time to discuss its financial and operational results for its first quarter ended March 31, 2026.

Dial-in and Webcast Information

Date/Time:

Wednesday, May 13, 2026, at 11:00 a.m. Eastern Time

Toll-Free (North America):

(800) 715-9871

Toll/International:

(646) 307-1963

Conference Call ID:

7817249

Webcast Link:

https://events.q4inc.com/attendee/605302226

Replay Information

Toll-Free (North America):

(800) 770-2030

Toll/International:

(609) 800-9909

Conference Call ID:

7817249

Expiration:

Wednesday, May 20, 2026, 11:59 p.m. Eastern Time

About Buda Juice

Buda Juice (NYSE American: BUDA) is the creator and pioneer of the Ultra Fresh™ category through an end-to-end cold chain platform that delivers always-cold, freshly crafted juices, lemonades and wellness shots to grocery retailers. The Company provides a turnkey alternative to shelf-stable beverages and in-store juicing, enabling retailers to offer truly fresh, clean-label products without added infrastructure or operational complexity. Its continuous 35°F cold chain from fruit to shelf delivers products with an 8 to 12-day shelf life that preserves authentic taste and nutrient quality while enabling efficient retail distribution.

Buda Juice’s proprietary cold-chain infrastructure enables the Company to scale the Ultra Fresh category nationally while maintaining the quality, safety and consistency required by leading grocery retailers, with a disciplined focus on profitability. Additional information about the Company can be found at https://budajuice.com.

Forward-Looking Statements

This press release contains certain “forward-looking statements”. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “estimate,” “intend,” “plan,” “believe,” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent events or circumstances, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure investors that such expectations will turn out to be correct, and the Company cautions that actual results may differ materially from anticipated results. Additional factors are discussed in the Company’s public filings with the Securities and Exchange Commission, available for review at www.sec.gov.

Buda Juice LLC

Balance Sheets

(Amounts in Thousands)

As of

March 31, 2026

December 31, 2025

(Unaudited)

ASSETS

Current assets

Cash

$19,828

$1,840

Accounts receivable

494

386

Inventory

445

348

Prepaid expenses and other current assets

216

645

Total current assets

20,983

3,219

Property and equipment, net of accumulated depreciation of $2,153 and $2,096, respectively

1,138

976

Operating lease right-of-use asset

739

775

Total assets

$22,860

$4,970

LIABILITIES AND STOCKHOLDERS’ AND MEMBERS’ EQUITY

Current liabilities:

Accounts payable

$623

$289

Other current liabilities

279

161

Operating lease liability, current portion

139

135

Total current liabilities

1,041

585

Operating lease liability, net of current portion

610

647

Deferred income tax liability

182

Total long-term liabilities

792

647

Total liabilities

1,833

1,232

Stockholders’ and Members’ Equity

Members’ equity

2,554

Preferred Stock, $0.001 par value; 10,000 shares authorized; 0 shares issued; 0 shares outstanding

Common stock, $0.001 par value — 90,000 shares authorized; 13,067 shares issued; 12,567 shares outstanding

Additional paid-in capital

23,192

Less: Treasury stock

(3,750)

Retained earnings

1,572

1,184

Total stockholders’ and members’ equity

21,027

3,738

Total liabilities and stockholders’ and members’ equity

$22,860

$4,970

Buda Juice LLC

Statements of Operations

(Amounts in Thousands, Except Per Share Data)

Three Months Ended March 31

2026

2025

Net sales

$3,508

$2,980

Cost of goods sold

2,122

1,642

Gross profit

1,386

1,338

Operating expenses:

Delivery and handling expense

130

128

Selling, general and administrative expense

663

416

Total operating expenses

793

544

Income from operations

593

794

Other income

Interest income, net

137

Net income before income tax

747

807

Income tax expense

359

Net income

$388

$807

Net income per share - Basic

$0.03

Weighted average shares outstanding - Basic

12,287

Net income per share - Diluted

$0.03

Weighted average shares outstanding - Diluted

12,351

Buda Juice LLC

Statements of Cash Flows

(Amounts in Thousands)

Three Months Ended

March 31, 2026

March 31, 2025

Cash flows from operating activities

Net income

$388

$807

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization

Amortization of right to use asset

Deferred income taxes

182

Changes in assets and liabilities:

Accounts receivable

(108)

(143)

Inventory

(97)

Prepaid expenses and other current assets

429

(5)

Accounts payable and other current liabilities

452

107

Payments on operating lease obligations

(34)

(29)

Net cash provided by operating activities

1,305

904

Cash flows from investing activities

Capital spending of property and equipment

(218)

(139)

Net cash used for investing activities

(218)

(139)

Cash flows from financing activities

Proceeds from initial public offering

23,000

Payments of underwriting discounts and offering costs

(2,349)

Redemption of common stock

(3,750)

Cash distributed to owners

(1,438)

Net cash provided by (used in) financing activities

16,901

(1,438)

Net change in cash and cash equivalents

17,988

(673)

Cash and cash equivalents at beginning of year

1,840

1,889

Cash and cash equivalents at end of year

$19,828

$1,215

Supplemental disclosures of cash flow information:

Cash paid for interest

Cash paid for taxes

Non-GAAP Financial Measures

This press release includes references to Adjusted EBITDA and free cash flow, which are non-GAAP financial measures. These non-GAAP measures are provided as supplemental information to assist investors in evaluating the Company’s operating performance and liquidity. They are not intended to be considered in isolation or as a substitute for, or superior to, financial measures prepared in accordance with GAAP.

Adjusted EBITDA is defined as net income before interest expense, income taxes, depreciation and amortization, and certain non-recurring or non-cash items.

Free cash flow is defined as net cash provided by operating activities less capital expenditures.

1Q25

2Q25

3Q25

4Q25

1Q26

2024

2025

YTD 2026

$0.8

$1.2

$0.9

$0.7

$0.4

($0.0)

($0.1)

$0.1

($0.1)

$0.0

$0.4

$0.1

$0.0

$0.1

$0.3

$0.2

$0.1

$0.9

$1.2

$0.9

$0.7

$3.9

$3.7

$0.7

$0.0

($0.0)

$0.0

($0.2)

($0.0)

$0.0

$0.2

$0.0

$0.1

$0.2

$0.0

$0.9

$1.2

$1.0

$0.7

$0.8

$3.7

$3.8

$0.8

29.6%

33.8%

30.1%

24.8%

24.2%

33.1%

29.8%

24.2%

1Q25

2Q25

3Q25

4Q25

1Q26

2024

2025

YTD 2026

$0.8

$1.2

$0.9

$0.7

$0.4

($0.2)

($0.1)

$0.0

($0.8)

($0.7)

$0.0

$0.2

$0.0

$0.2

$0.6

$0.9

$0.7

$0.5

$0.6

$2.8

$0.6

$0.05

$0.28

$0.05

$0.20

$0.05

12,287

12,351

1Q25

2Q25

3Q25

4Q25

1Q26

2024

2025

YTD 2026

$0.9

$0.7

$1.0

$0.6

$1.3

$4.0

$3.3

$1.3

($0.1)

($0.0)

($0.1)

($0.2)

($0.7)

($0.3)

($0.2)

$0.8

$0.7

$1.0

$0.5

$1.1

$3.3

$3.0

$1.1

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