Mama’s Creations Reports Third Quarter Fiscal 2026 Financial Results
Rhea-AI Summary
Mama’s Creations (Nasdaq: MAMA) reported Q3 fiscal 2026 results for the quarter ended October 31, 2025, with revenues up 50.0% to $47.3M and gross profit up 56.6% to $11.1M (23.6% margin). Adjusted EBITDA rose 118.0% to $3.8M and net income was $0.5M. The company completed an all-cash $17.5M acquisition of Crown 1, adding $56.8M of trailing-12-month revenue, funded by a $20.0M private placement and an amended $27.4M credit facility. Cash was $18.1M and total debt $6.4M as of October 31, 2025. New retail placements include Target, Food Lion, and a Costco national mailer.
Positive
- Revenue +50.0% YoY to $47.3M
- Adj. EBITDA +118.0% to $3.8M
- Acquired Crown 1 for $17.5M adding $56.8M TTM revenue
- Cash increased to $18.1M as of Oct 31, 2025
- Secured new national placements at Target and Food Lion
Negative
- Operating expenses +57.5% to $10.3M, raising OpEx to 21.8% of revenue
- Crown 1 initially lower gross margins pressured corporate margins
- Net income margin slipped to 1.1% of revenue
- Included $1.0M one-time transaction and professional fees
Market Reaction 15 min delay 6 Alerts
Following this news, MAMA has gained 18.07%, reflecting a significant positive market reaction. Argus tracked a peak move of +18.5% during the session. Our momentum scanner has triggered 6 alerts so far, indicating moderate trading interest and price volatility. The stock is currently trading at $13.20. This price movement has added approximately $69M to the company's valuation. Trading volume is very high at 3.9x the average, suggesting strong buying interest.
Data tracked by StockTitan Argus (15 min delayed). Upgrade to Silver for real-time data.
Key Figures
Market Reality Check
Peers on Argus
MAMA slipped 1.12% pre-earnings while peers showed mixed moves: BGS -0.44%, LWAY -0.79%, WEST -2.66%, OTLY -3.26%, but NATR rose 3.35%, pointing to stock-specific factors rather than a broad packaged foods move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 24 | Earnings call notice | Neutral | +1.1% | Scheduled Q3 FY26 results call highlighting Crown 1-driven scale and growth plans. |
| Nov 04 | Investor conferences | Positive | -0.5% | Conference invitations to discuss Crown 1 integration and long-term $1B target. |
| Sep 08 | Q2 FY26 earnings | Positive | -4.9% | Strong Q2 revenue and earnings plus announcement of Crown 1 acquisition. |
| Sep 04 | Conference participation | Positive | +0.6% | Lake Street BIG9 meetings emphasizing expanded capacity and growth channels. |
| Sep 02 | Crown 1 acquisition | Positive | +14.4% | Announced $17.5M Crown 1 purchase, adding $56M revenue and new facility. |
Recent MAMA news has generally been positive, but earnings-related updates have sometimes seen weak or negative next-day reactions despite strong growth metrics, indicating occasional divergence between fundamentals and short-term price moves.
Over the last six months, MAMA has combined strong organic growth with the transformative Crown 1 acquisition. The Sep 2, 2025 deal added about $56 million of revenue and expanded production capacity, and subsequent conferences in early September and November focused on integration and the goal of becoming a $1 billion deli platform by 2030. Q2 FY26 earnings on Sep 8, 2025 showed revenue of $35.2 million and net income of $1.3 million. Today’s Q3 FY26 release extends that trajectory with much higher scale and updated profitability metrics.
Market Pulse Summary
The stock is surging +18.1% following this news. A strong positive reaction aligns with the company’s delivery of robust Q3 FY26 growth, including revenue of $47.3M, higher gross profit and a 118.0% jump in Adjusted EBITDA to $3.8M. Historical earnings releases have at times produced sizable moves, as seen around prior quarters. Investors evaluating sustainability would watch integration progress at Crown 1, margin improvements toward the stated mid-20% range, and how new placements at Target, Food Lion, and Costco translate into future quarters’ revenue and earnings.
Key Terms
adjusted EBITDA financial
non-GAAP financial
private placement financial
credit facility financial
AI-generated analysis. Not financial advice.
Revenues Grow
EAST RUTHERFORD, NJ, Dec. 08, 2025 (GLOBE NEWSWIRE) -- Mama’s Creations, Inc. (Nasdaq: MAMA), a leading national marketer and manufacturer of fresh deli prepared foods, has reported its financial results for the third quarter ended October 31, 2025.
Financial Summary:
| Three Months Ended October 31, | ||||||||||||
| $ in millions | 2025 | 2024 | % Increase | |||||||||
| Revenues | $ | 47.3 | $ | 31.5 | 50.0 | % | ||||||
| Gross Profit | $ | 11.1 | $ | 7.1 | 56.6 | % | ||||||
| Operating Expenses | $ | 10.3 | $ | 6.6 | 57.5 | % | ||||||
| Net Income | $ | 0.5 | $ | 0.4 | 31.7 | % | ||||||
| Earnings per Share (Diluted) | $ | 0.01 | $ | 0.01 | 24.1 | % | ||||||
| Adj. EBITDA (non-GAAP) | $ | 3.8 | $ | 1.7 | 118.0 | % | ||||||
Third Quarter Fiscal 2026 & Subsequent Operational Highlights:
- Acquired the business of Crown I Enterprises (“Crown 1”), a full-service manufacturer of value-added proteins and ready-to-heat meals, from Sysco Corporation for
$17.5 million .- All-cash, accretive acquisition fully funded through a
$20.0 million private placement, further supported by an amended$27.4 million long-term credit facility with M&T Bank. - Adds
$56.8 million in revenue (12 months ended June 28, 2025) with a recently upgraded and expanded 42k sq. ft. USDA facility ~10 miles from the Company’s existing Farmingdale, NY facility. - Brings premium, incremental customers where the Company did not yet maintain a presence as well as meaningful cross-selling potential.
- Significant new operational capabilities, including incremental grill capacity and MAP technology, and potential manufacturing cost synergies.
- All-cash, accretive acquisition fully funded through a
- Secured new tier-one national placements at Target and Food Lion. At Target, two branded sleeved items are to begin shipping in February with a staged rollout to 1,995 stores and additional items in the final set up stages for later distribution, with Food Lion shipments to 1,100 stores starting later this month.
- The Company’s first ever National Costco Multi-Vendor Mailer (MVM) with branded Beef Meatballs is underway, driving a meaningful potential increase in sales and brand awareness.
- Invited to attend leading investor conferences nationally, including the Lake Street 2025 BIG9 Conference, 16th Annual Craig-Hallum Alpha Select Conference, Stephens NASH25 Conference, and 14th Annual ROTH Deer Valley Event.
- Cash and cash equivalents as of October 31, 2025 totaled
$18.1 million , as compared to$7.2 million as of January 31, 2025. The change in cash and cash equivalents was driven by improved profitability, ongoing working capital optimization and the private placement completed concurrent with the acquisition of Crown 1.
Management Commentary
Adam L. Michaels, Chairman and CEO of Mama’s Creations, said: “Our third quarter demonstrated meaningful momentum in scaling the business. With the integration of the business of Crown 1 underway, we delivered broad-based growth across our protein portfolio, deployed high-return trade and marketing investments, leveraging newly added retail doors and cross-selling. We also implemented targeted price increases across both our beef and chicken portfolios to help offset commodity headwinds, while improvements in chicken operations enhanced throughput and lowered overtime, helping us meet our margin objectives.
“With the acquisition of Crown 1’s assets, we began a straightforward integration supported by proximity and shared grill platforms. Crown’s initially lower gross margins weighed on the quarter, but we are executing a clear plan to lift the acquired Bay Shore facility’s margin performance through procurement scale, throughput and overhead efficiencies, shared services, and best-practice sharing – which we expect to lift consolidated corporate gross margins from the low
“We continue to see strong sales momentum across the portfolio, with Crown opening access to hard-to-penetrate customers and creating new cross-sell channels using its premium product offerings, while expanding SKU penetration across its base remains a core priority. This traction is reinforced by new tier-one wins at Target and Food Lion; at Target, we expect first shipments to begin in February, while our products should hit Food Lion’s shelves this month. This, paired with our ongoing National Costco collaboration, positions us for significant growth in the coming quarters.
“As we look ahead, our strategic path toward becoming a
Third Quarter Fiscal 2026 Financial Results
Revenue for the third quarter of fiscal 2026 increased
Gross profit increased
Operating expenses totaled
Net income for the third quarter of fiscal 2026 increased
Adjusted EBITDA, a non-GAAP measure, increased
Cash and cash equivalents as of October 31, 2025, grew to
Conference Call
Management will host an investor conference call at 4:30 p.m. Eastern time on Monday, December 8, 2025 to discuss the Company’s third quarter fiscal 2026 financial results, provide a corporate update, and conclude with Q&A from telephone participants. To participate, please use the following information:
Q3 FY2026 Earnings Conference Call
Date: Monday, December 8, 2025
Time: 4:30 p.m. Eastern time
U.S. Dial-in: 1-877-451-6152
International Dial-in: 1-201-389-0879
Conference ID: 13756863
Webcast: MAMA Q3 FY2026 Earnings Conference Call
Please join at least five minutes before the start of the call to ensure timely participation.
A playback of the call will be available through Sunday, February 8, 2026. To listen, please call 1-844-512-2921 within the United States and Canada or 1-412-317-6671 when calling internationally, using replay pin number 13756863. A webcast replay will also be available using the webcast link above.
About Mama’s Creations, Inc.
Mama’s Creations, Inc. (Nasdaq: MAMA) is a leading marketer and manufacturer of fresh deli prepared foods, found in over 12,000 grocery, mass, club and convenience stores nationally. The Company’s broad product portfolio, born from MamaMancini’s rich history in Italian foods, now consists of a variety of high quality, fresh, clean and easy to prepare foods to address the needs of both our consumers and retailers. Our vision is to become a one-stop-shop deli solutions platform, leveraging vertical integration and a diverse family of brands to offer a wide array of prepared foods to meet the changing demands of the modern consumer. For more information, please visit mamascreations.com.
Use of Non-GAAP Financial Measures
This press release includes the following non-GAAP measure – adjusted EBITDA, which is not a measure of financial performance under GAAP and should not be considered as an alternative to net income as a measure of financial performance. The company believes this non-GAAP measure, when considered together with the corresponding GAAP measures, provides useful information to investors and management regarding financial and business trends relating to the company’s results of operations. However, this non-GAAP measure has significant limitations in that it does not reflect all the costs and other items associated with the operation of the company’s business as determined in accordance with GAAP. In addition, the company’s non-GAAP measures may be calculated differently and are therefore not comparable to similar measures by other companies. Therefore, investors should consider non-GAAP measures in addition to, and not as a substitute for, or superior to, measures of financial performance in accordance with GAAP. For a definition and reconciliation of EBITDA to net income, its corresponding GAAP measure, please see the reconciliation table shown in this press release below
US-GAAP NET INCOME TO ADJUSTED EBITDA RECONCILIATION
(Unaudited)
(in thousands)
| Three Months Ended October 31, | ||||||||
| 2025 | 2024 | |||||||
| Net income | $ | 540 | $ | 410 | ||||
| Depreciation | 962 | 451 | ||||||
| Amortization | 481 | 388 | ||||||
| Taxes | 186 | 128 | ||||||
| Interest, net | 77 | 83 | ||||||
| Stock-based compensation | 533 | 280 | ||||||
| Acquisition related costs | 1,014 | 0 | ||||||
| Adjusted EBITDA (Non-GAAP) | $ | 3,793 | $ | 1,740 | ||||
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements include information about management’s view of the Company’s future expectations, plans and prospects, including future business opportunities or strategies and are generally preceded by words such as “anticipate,” “believe,” “eventually,” “expect,” “future,” “may,” “look forward to,” “plan,” “projected,” “should,” “will,” and other words that convey the uncertainty of future events or outcomes. You are cautioned that such statements are subject to a multitude of known and unknown risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Certain of these risk factors and others are included in documents the Company files with the Securities and Exchange Commission, including but not limited to, the Company’s Annual Report on Form 10-K for the year ended January 31, 2025, as well as subsequent reports filed with the Securities and Exchange Commission.
The Company has based these forward-looking statements on its current expectations and assumptions about future events. While management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory, and other factors, contingencies, and uncertainties, most of which are difficult to predict and many of which are beyond the Company’s control. You are urged not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Except as may be required by applicable law or regulation, the Company’s does not undertake, and specifically disclaims, any obligation to update any forward-looking statements to reflect events or circumstances occurring after the date of such statements.
Investor Relations Contact:
Lucas A. Zimmerman
Managing Director
MZ Group - MZ North America
(949) 259-4987
MAMA@mzgroup.us
www.mzgroup.us
Mama’s Creations, Inc.
Condensed Consolidated Balance Sheets
(In thousands, except share and per share data)
| October 31, 2025 | January 31, 2025 | |||||||
| (Unaudited) | ||||||||
| Assets: | ||||||||
| Current Assets: | ||||||||
| Cash and cash equivalents | $ | 18,068 | $ | 7,150 | ||||
| Accounts receivable, net | 11,047 | 8,131 | ||||||
| Inventories, net | 10,360 | 4,817 | ||||||
| Prepaid expenses and other current assets | 1,488 | 1,779 | ||||||
| Total Current Assets | 40,963 | 21,877 | ||||||
| Property, plant, and equipment, net | 21,061 | 9,387 | ||||||
| Intangible assets, net | 3,534 | 3,436 | ||||||
| Goodwill | 9,447 | 8,633 | ||||||
| Operating lease right of use assets, net | 8,309 | 3,376 | ||||||
| Deferred tax asset | 625 | 258 | ||||||
| Deposits | 95 | 95 | ||||||
| Total Assets | $ | 84,034 | $ | 47,062 | ||||
| Liabilities and Stockholders’ Equity: | ||||||||
| Liabilities: | ||||||||
| Current Liabilities: | ||||||||
| Accounts payable and accrued expenses | $ | 18,468 | $ | 12,052 | ||||
| Term loan, net of unamortized debt discount of | 949 | 1,530 | ||||||
| Operating lease liabilities | 1,646 | 848 | ||||||
| Finance leases payable | 315 | 345 | ||||||
| Promissory notes – related parties | 750 | 2,250 | ||||||
| Total Current Liabilities | 22,128 | 17,025 | ||||||
| Term loan – net of current | 4,706 | 1,342 | ||||||
| Operating lease liabilities – net of current | 6,642 | 2,600 | ||||||
| Finance leases payable – net of current | 960 | 1,199 | ||||||
| Total long-term liabilities | 12,308 | 5,141 | ||||||
| Total Liabilities | 34,436 | 22,166 | ||||||
| Commitments and contingencies (Notes 11 and 12) | ||||||||
| Stockholders’ Equity: | ||||||||
| Series A Preferred stock, | - | - | ||||||
| Series B Preferred stock, | - | - | ||||||
| Preferred stock, | - | - | ||||||
| Common stock, | - | - | ||||||
| Additional paid-in capital | 46,530 | 24,882 | ||||||
| Retained earnings | 3,218 | 164 | ||||||
| Less: Treasury stock, 230,000 shares at cost | (150 | ) | (150 | ) | ||||
| Total Stockholders’ Equity | 49,598 | 24,896 | ||||||
| Total Liabilities and Stockholders’ Equity | $ | 84,034 | $ | 47,062 | ||||
Mama’s Creations, Inc.
Condensed Consolidated Statements of Operations
(Unaudited)
(in thousands, except per share data)
| For the Three Months Ended October 31, | For the Nine Months Ended October 31, | |||||||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||||||
| Net sales | $ | 47,269 | $ | 31,523 | $ | 117,727 | $ | 89,743 | ||||||||
| Costs of sales | 36,133 | 24,410 | 88,636 | 68,288 | ||||||||||||
| Gross profit | 11,136 | 7,113 | 29,091 | 21,455 | ||||||||||||
| Operating expenses: | ||||||||||||||||
| Research and development | 80 | 155 | 208 | 352 | ||||||||||||
| Selling, general and administrative expenses | 10,233 | 6,395 | 24,782 | 18,155 | ||||||||||||
| Total operating expenses | 10,313 | 6,550 | 24,990 | 18,507 | ||||||||||||
| Income from operations | 823 | 563 | 4,101 | 2,948 | ||||||||||||
| Other income (expenses) | ||||||||||||||||
| Interest expense | (156 | ) | (120 | ) | (321 | ) | (369 | ) | ||||||||
| Interest income | 79 | 37 | 134 | 192 | ||||||||||||
| Amortization of debt discount | (20 | ) | (3 | ) | (26 | ) | (13 | ) | ||||||||
| Other income | — | 61 | — | 61 | ||||||||||||
| Total other expenses | (97 | ) | (25 | ) | (213 | ) | (129 | ) | ||||||||
| Net income before income tax provision | 726 | 538 | 3,888 | 2,819 | ||||||||||||
| Income tax expense | (186 | ) | (128 | ) | (834 | ) | (708 | ) | ||||||||
| Net income | $ | 540 | $ | 410 | $ | 3,054 | $ | 2,111 | ||||||||
| Net income per common share | ||||||||||||||||
| – basic | $ | 0.01 | $ | 0.01 | $ | 0.08 | $ | 0.06 | ||||||||
| – diluted | $ | 0.01 | $ | 0.01 | $ | 0.08 | $ | 0.05 | ||||||||
| Weighted average common shares outstanding | ||||||||||||||||
| – basic | 39,630 | 37,522 | 38,313 | 37,373 | ||||||||||||
| – diluted | 41,953 | 39,442 | 40,639 | 39,261 | ||||||||||||
Mama’s Creations, Inc.
Condensed Consolidated Statements of Cash Flows
(Unaudited)
(in thousands)
| For the Nine Months Ended October 31, | ||||||||
| 2025 | 2024 | |||||||
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||
| Net income | $ | 3,054 | $ | 2,111 | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
| Depreciation | 2,099 | 1,057 | ||||||
| Amortization of debt discount | 26 | 13 | ||||||
| Amortization of right of use assets | 973 | (167 | ) | |||||
| Amortization of intangibles | 1,175 | 1,156 | ||||||
| Stock-based compensation | 1,173 | 801 | ||||||
| Allowance for obsolete inventory | (124 | ) | - | |||||
| Change in deferred tax asset | (367 | ) | 90 | |||||
| Changes in operating assets and liabilities, net of acquisition: | ||||||||
| Accounts receivable | 809 | (708 | ) | |||||
| Inventories | (4,083 | ) | 120 | |||||
| Prepaid expenses and other current assets | 55 | (491 | ) | |||||
| Accounts payable and accrued expenses | 4,277 | 1,872 | ||||||
| Operating lease liability | (867 | ) | 180 | |||||
| Net Cash Provided by Operating Activities | 8,200 | 6,034 | ||||||
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||
| Purchase of fixed assets | (1,247 | ) | (5,022 | ) | ||||
| Cash paid for acquisition of the business of Crown I Enterprises, Inc., net | (17,500 | ) | - | |||||
| Net Cash Used in Investing Activities | (18,747 | ) | (5,022 | ) | ||||
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||
| Repayment of debt | (16,011 | ) | (1,274 | ) | ||||
| Net proceeds from issuance of common stock | 18,927 | - | ||||||
| Net proceeds from notes payable | 18,770 | - | ||||||
| Repayment of related party note | - | (1,200 | ) | |||||
| Repayment of finance lease obligations | (269 | ) | (296 | ) | ||||
| Proceeds from exercise of stock options | 48 | 55 | ||||||
| Net Cash Provided by (Used in) Financing Activities | 21,465 | (2,715 | ) | |||||
| Net Increase (Decrease) in Cash | 10,918 | (1,703 | ) | |||||
| Cash and cash equivalents at beginning of period | 7,150 | 11,022 | ||||||
| Cash and cash equivalents at end of period | $ | 18,068 | $ | 9,319 | ||||
| SUPPLEMENTARY CASH FLOW INFORMATION: | ||||||||
| Cash paid during the period for: | ||||||||
| Income taxes | $ | 1,083 | $ | 947 | ||||
| Interest | $ | 301 | $ | 329 | ||||
| SUPPLEMENTARY DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||||||||
| Finance lease asset additions | $ | — | $ | 511 | ||||
| Payment of related party debt | $ | 1,500 | $ | — | ||||
| Right-of-use asset and lease liability recognized | $ | 6,357 | $ | 873 | ||||
| Write-off of right-of-use asset | $ | 451 | $ | 897 | ||||
| Issuance of stock for director settlement | $ | — | $ | 450 | ||||
| Receipt of fixed assets for deposits previously paid | $ | 74 | $ | 937 | ||||
FAQ
What were Mama’s Creations (MAMA) Q3 fiscal 2026 revenues and YoY change?
How did Mama’s Creations’ profitability change in Q3 2026 (Adj. EBITDA and net income)?
What did Mama’s Creations acquire on Dec 8, 2025 and what was the price?
How was the Crown 1 acquisition funded and what debt changes occurred?
When will Mama’s Creations begin shipping to Target and Food Lion for MAMA?
What cash position did Mama’s Creations report on Oct 31, 2025 for MAMA?
