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Arcadia Biosciences (RKDA) Announces Fourth-Quarter and Full-Year 2025 Financial Results and Business Highlights

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Arcadia Biosciences (Nasdaq: RKDA) reported Q4 and full-year 2025 results and business updates on March 26, 2026. The company said it received a termination notice for the proposed Roosevelt Resources business combination and raised approximately $2.1 million from exercise of preferred investment options.

Zola coconut water revenues rose 17% YoY. SG&A expense declined ~27%, net cash used in operating activities fell 49%, Q4 revenue was $0.9M vs $1.2M prior year, and full-year revenue was $4.858M vs $5.045M in 2024. Q4 net loss attributable to common stockholders was $1.336M (Q4 2024: $4.064M).

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Positive

  • Zola revenue growth of 17% YoY
  • SG&A expense reduction of ~27%
  • Net cash used in operations declined by 49%
  • Raised approximately $2.1 million from preferred option exercises
  • Q4 net loss improved from $4.064M to $1.336M (67% improvement)

Negative

  • Total revenues declined 26% in Q4 (Q4 2025: $0.901M vs Q4 2024: $1.216M)
  • Full-year revenue declined 4% (2025: $4.858M vs 2024: $5.045M)
  • Termination of proposed Roosevelt Resources business combination introduces strategic uncertainty

News Market Reaction – RKDA

-3.29%
9 alerts
-3.29% Session close to close
+11.7% Peak Tracked
-12.0% Trough Tracked
$2.77M Market Cap
0.2x Rel. Volume

In the Mar 27 session, RKDA declined 3.29%, reflecting a moderate negative market reaction. Argus tracked a peak move of +11.7% during that session. Argus tracked a trough of -12.0% from its starting point during tracking. Our momentum scanner triggered 9 alerts that day, indicating moderate trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights mixed 2025 results: total revenues declined, but Zola® revenues rose 17...
Analysis

This announcement highlights mixed 2025 results: total revenues declined, but Zola® revenues rose 17%, SG&A fell 27%, and net cash used in operations dropped 49%. Balance sheet actions included raising $2.1 million through preferred investment option exercises. Recent SEC filings emphasize going concern risks and potential dilution from 1,673,792 registered option shares. Investors may watch future Zola growth, expense control, and additional financing steps as key metrics.

Key Figures

Zola revenue growth: 17% year-over-year Option exercise proceeds: $2.1 million SG&A reduction: 27% +5 more
8 metrics
Zola revenue growth 17% year-over-year Zola revenues in 2025 vs 2024
Option exercise proceeds $2.1 million Gross proceeds from preferred investment options exercise
SG&A reduction 27% Decrease in SG&A expenses in 2025 vs 2024
Operating cash use decline 49% Reduction in net cash used in operating activities in 2025 vs 2024
Q4 2025 revenue $901,000 Total revenues, three months ended Dec 31, 2025
Q4 revenue change (26%) Q4 2025 total revenues vs Q4 2024
FY 2025 total revenues $4,858,000 Twelve months ended Dec 31, 2025
FY net loss improvement $4,699,000 (67%) Net loss attributable to common stockholders 2025 vs 2024

Previous Earnings Reports

5 past events · Latest: Nov 07 (Neutral)
Same Type Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Nov 07 Q3 2025 earnings Neutral -2.2% Mixed Q3 2025 performance with Zola growth and balance sheet actions.
Aug 14 Q2 2025 earnings Neutral +5.6% Q2 2025 revenue growth, Above Food shares, and large credit loss.
May 08 Q1 2025 earnings Positive -0.2% Strong Q1 revenue, 90% Zola growth, shift from loss to net income.
Mar 20 FY/Q4 2024 earnings Neutral -4.5% Robust 2024 Zola growth and asset sales with continued net losses.
Nov 12 Q3 2024 earnings Positive -1.2% Q3 2024 revenue growth, expanding Zola distribution, narrower net loss.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Earnings headlines have often been met with modestly negative or muted price reactions, even when operational trends for Zola and expenses improved.

Recent Company History

Over the past five earnings cycles (Nov 2024–Nov 2025), Arcadia emphasized growth in its Zola coconut water brand, consistent gross margins above 30%, and operating expense reductions. Results have alternated between strong revenue growth periods and mixed quarters with credit losses and business-combination updates. Price reactions to these earnings events have generally been small, with an average move of about -0.51%, suggesting limited historical re-rating on financial updates alone.

Key Terms

preferred investment options, Securities Exchange Agreement, SG&A, contingent liability, +1 more
5 terms
preferred investment options financial
"definitive agreements for the immediate exercise of certain outstanding preferred investment options"
Preferred investment options are choices that typically offer a safer and more stable way to grow or protect your money, often providing consistent returns or income. They matter to investors because they can help balance risk and reward, serving as a reliable foundation in an investment portfolio—similar to choosing a well-established route over a risky shortcut.
Securities Exchange Agreement regulatory
"termination notice from Roosevelt Resources related to the Securities Exchange Agreement concerning a proposed business combination"
A securities exchange agreement is a legal contract that spells out how one party will trade or convert one set of financial instruments (stocks, bonds, or other securities) for another, including the prices, timing, and conditions of the swap. For investors, it matters because the agreement changes who owns what and can alter ownership stakes, debt levels or voting control—like a clear recipe telling everyone exactly how ownership pieces are being swapped so you can judge the deal’s impact on value and risk.
SG&A financial
"we reduced our SG&A expenses by approximately 27%"
SG&A stands for Selling, General, and Administrative expenses. It includes the costs a company spends on selling products, running the business day-to-day, and managing staff, like advertising, rent, and salaries. These expenses matter because they affect how much profit a company can make from its sales.
contingent liability financial
"a gain of $2.0 million associated with the reduction of the company’s contingent liability in 2025"
A contingent liability is a potential financial obligation that may or may not happen, depending on the outcome of a future event. It’s like a promise to pay if certain circumstances occur, such as if a court rules against a company or a loan guarantee is called upon. For investors, understanding these liabilities helps gauge possible risks that could affect a company's financial health.
Form 8-K regulatory
"More detailed financial statements are included in the Form 8-K filed today"
A Form 8-K is a report that companies file with the government to share important news quickly, such as changes in leadership, major business deals, or financial updates. It matters because it helps investors stay informed about significant events that could affect the company's value or stock price.

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-- Zola® revenues increase 17% year-over-year --

-- Arcadia and Roosevelt Resources terminate proposed business combination --

-- Exercise of preferred investment options yields $2.1 million gross proceeds --

DALLAS, March 26, 2026 (GLOBE NEWSWIRE) -- Arcadia Biosciences, Inc.® (Nasdaq: RKDA), a producer and marketer of innovative wellness products, today released its financial and business results for the fourth quarter and full year of 2025.

“At the end of 2025, we received a termination notice from Roosevelt Resources related to the Securities Exchange Agreement concerning a proposed business combination, signed in December 2024.” said T.J. Schaefer, CEO of Arcadia.

Schaefer continued, “After receiving this news, we took steps to improve our balance sheet by entering into definitive agreements for the immediate exercise of certain outstanding preferred investment options, resulting in gross proceeds of approximately $2.1 million to Arcadia. We intend to use these proceeds, along with our other assets, to continue growing our Zola® coconut water brand while we evaluate strategic alternatives.

“In 2025, Zola sales growth continued to outpace the coconut water category. At the same time, we reduced our SG&A expenses by approximately 27%, and our net cash used in operating activities declined by 49% in 2025 compared to 2024,” Schaefer added.                                                            

Arcadia Biosciences, Inc.
Financial Snapshot
(Unaudited)
($ in thousands)
 
 Three months ended Dec 31 Twelve months ended Dec 31
 2025 2024 Favorable/
(Unfavorable)
 2025 2024 Favorable/
(Unfavorable)
   $%   $%
Total Revenues901 1,216 (315)(26%) 4,858 5,045 (187)(4%)
Total Operating Expenses2,276 3,495 1,219 35% 7,358 8,693 1,335 15%
Loss From Continuing Operations(1,375)(2,279)904 40% (2,500)(3,648)1,148 31%
Net Loss Attributable to Common Stockholders(1,336)(4,064)2,728 67% (2,339)(7,038)4,699 67%
 

Certain previously reported financial information has been reclassified to conform to the current year presentation. Reclassifications are related to the presentation of the financial results of our former GoodWheat brand as discontinued operations. The financial information above and narrative that follows relate to continuing operations unless stated otherwise.

More detailed financial statements are included in the Form 8-K filed today, available in the Investors section of the company’s website under SEC Filings.

Revenues
Revenues decreased by $315,000, or 26%, during the fourth quarter of 2025 compared to the same period in 2024 in part due to lower Zola sales and higher deductions. In addition, the fourth quarter of 2024 included $55,000 in sales of GLA oil that were absent in 2025.

Revenues for the full year of 2025 decreased $187,000, or 4%, compared to 2024 despite an increase in Zola sales primarily due to $756,000 in sales of GLA oil in 2024 that were absent in 2025. Zola revenues increased $701,000, or 17%, compared to 2024 primarily driven by an increase in distribution resulting in higher sales volume.

Operating Expenses
Cost of revenues decreased by $118,000, or 14%, during the fourth quarter of 2025 compared to the same period in 2024 primarily due to lower Zola sales. Cost of revenues increased $135,000, or 5%, during 2025 compared to 2024 driven by a 17% increase in Zola sales, which increased product costs and freight expenses. Cost of revenues for 2024 also included a write-down of $154,000 related to hemp and GoodWheat seed.

Selling, general, and administrative (SG&A) expenses decreased by $1.1 million and $2.6 million for the fourth quarter and full year of 2025 compared to the same periods in 2024, respectively, primarily driven by operating costs and employee related costs in 2024 that were absent in 2025.

Other operating expenses increased by $1.2 million for the full year 2025 compared to 2024 driven by a $4.0 million gain related to the asset sale to Corteva in 2024 that was offset by a $750,000 gain related to the asset sale to Bioceres as well as a gain of $2.0 million associated with the reduction of the company’s contingent liability in 2025.

Net Loss Attributable to Common Stockholders
Net loss attributable to common stockholders for the fourth quarter of 2025 was $1.4 million, or $0.97 per share, compared to $4.1 million, or $2.98 per share, for the same period in 2024. The improvement in net loss attributable to common stockholders for the fourth quarter of 2025 compared to the same period in 2024 was primarily driven by the decrease in SG&A expenses as well as the change in the estimated fair value of common stock warrant and option liabilities.

Net loss attributable to common stockholders for 2025 was $2.3 million, or $1.71 per share, compared to $7.1 million, or $5.17 per share, for 2024. The improvement in net loss attributable to common stockholders for 2025 compared to 2024 was primarily driven by the decrease in SG&A expenses, a gain of $2.3 million related to the Above Food common stock, and the change in the estimated fair value of common stock warrant and option liabilities.

About Arcadia Biosciences, Inc.
Since 2002, Arcadia Biosciences (Nasdaq: RKDA) has been innovating high-value, healthy ingredients to meet consumer demands for healthier choices. With its roots in agricultural innovation, Arcadia cultivates next-generation wellness products. For more information, visit www.arcadiabio.com.

Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to future events or future results of operations concerning the company and its products, including, but not limited to, statements relating to the company’s growth, cash position, operating costs, financial performance, and the impact on shareholder value. Undue reliance should not be placed on any forward-looking statements. Forward-looking statements are only predictions and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from the results anticipated by such forward-looking statements. These risks and uncertainties include, but are not limited to, the risks set forth in filings that the company makes with the Securities and Exchange Commission from time to time, including in Arcadia’s Annual Report on Form 10-K for the year ended December 31, 2025 (the 2025 Form 10-K), and other filings that the company makes with the SEC. Forward-looking statements concerning anticipated future activities also assume that the company has sufficient funding to continue its operations and planned activities, which may not be the case. As described in greater detail in the 2025 Form 10-K, the company will require additional funding in the near future to continue its operations and planned activities. There are no assurances that required funding will be available at all or will be available in sufficient amounts or on reasonable terms. The company may seek to raise additional funds through equity or debt financings, through transactions involving its other assets, or through other transactions. Any sale of additional equity securities could result in dilution to company stockholders. Reported results should not be considered as an indication of future performance. Forward-looking statements made in this press release speak only as of the date hereof, and except as required by law, Arcadia Biosciences, Inc. disclaims any obligation to update these forward-looking statements or to reflect events or circumstances arising after the date of this press release.

Arcadia Biosciences Contact:
T.J. Schaefer
ir@arcadiabio.com


FAQ

Why did Arcadia Biosciences (RKDA) report a revenue decline in Q4 2025?

Q4 2025 revenue fell due to lower Zola sales mix and higher deductions. According to the company, the quarter also lacked $55,000 of GLA oil sales present in Q4 2024, contributing to the $315,000 (26%) decline.

How much cash did Arcadia Biosciences (RKDA) raise from preferred option exercises on March 26, 2026?

Arcadia raised approximately $2.1 million from immediate exercise of preferred investment options. According to the company, proceeds will support Zola brand growth and evaluation of strategic alternatives following the terminated business combination.

What drove the improvement in Arcadia's net loss for full-year 2025 (RKDA)?

Improvement was driven by lower SG&A and certain gains. According to the company, SG&A decreased significantly, plus a $2.3 million Above Food common stock gain and changes in warrant/option fair value reduced the loss.

How did Zola coconut water perform for Arcadia Biosciences (RKDA) in 2025?

Zola revenues increased 17% year-over-year, driven by expanded distribution and higher sales volume. According to the company, that growth outpaced the overall coconut water category despite other product revenue declines.

What are the financial highlights from Arcadia Biosciences' Q4 2025 results (RKDA)?

Q4 2025 showed $0.901M revenue, $2.276M operating expenses, and $1.336M net loss to common stockholders. According to the company, operating expense reductions and fair-value changes improved the quarterly loss versus Q4 2024.

What is the impact of the terminated Roosevelt Resources deal on Arcadia (RKDA)?

The termination ended the proposed Securities Exchange Agreement and prompted balance sheet actions. According to the company, Arcadia exercised preferred options to raise $2.1 million while it evaluates strategic alternatives for the business.