Every 10-Q that Mission Produce, Inc. (AVO) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow AVO and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AVO filings page.
Mission Produce reported a weak fiscal Q2 2026 and executed major strategic moves. Net sales fell to $290.9 million from $380.3 million, as avocado prices dropped 36% while volume rose 15%. Gross profit declined to $20.5 million, and the company swung to a net loss attributable to Mission of $7.2 million, or $(0.10) per share, versus earnings of $3.1 million a year earlier.
Adjusted EBITDA dropped to $7.1 million from $19.1 million, pressured by lower per‑unit avocado margins, weaker blueberry results and $6.4 million of Calavo transaction advisory costs. Operating cash flow for the first six months was negative $21.0 million, reflecting seasonal working capital needs and inventory build.
After quarter‑end, Mission closed the acquisition of Calavo for approximately $465 million, funded with 17,530,823 Mission shares and about $266 million in cash, supported by new term loans under a $550 million senior credit facility. The board also authorized a new $100 million share repurchase program over 36 months, replacing a prior plan.
Mission Produce reported fiscal first quarter 2026 net sales of $278.6 million, down from $334.2 million, as avocado prices fell about 30% while volume rose 14% on strong Mexican supply. Gross profit held roughly flat at $31.6 million and margin improved to 11.3% from 9.4%.
Higher selling, general and administrative costs, including $7.0 million of Calavo transaction advisory fees, reduced operating income to $2.5 million from $9.3 million, and the company posted a small net loss attributable to Mission of $0.7 million, versus income of $3.9 million a year earlier.
Adjusted EBITDA was $18.5 million, slightly above last year. Mission agreed to acquire Calavo for mixed cash and stock valued at about $490 million at announcement, adopted a one‑year shareholder rights plan triggered at 15% ownership, and ended the quarter with $44.8 million in cash and $100.2 million of long‑term debt.
Mission Produce, Inc. reported interim condensed consolidated results covering three operating segments: Marketing & Distribution, International Farming and Blueberries. As of September 1, 2025 the company had 70,619,092 shares outstanding. Marketing & Distribution net sales rose $22.8 million (7%) for the quarter and $169.4 million (20%) year-to-date, while segment adjusted EBITDA declined 25% and 22% for the three- and nine-month periods due to lower per-unit avocado margins and higher SG&A. International Farming sales increased 79% (three months) and 92% (nine months) with adjusted EBITDA rising 163% and 711%, driven by higher yields and packing services. Blueberries sales rose 181% for the quarter and 28% year-to-date, with mixed EBITDA performance. The Company recorded $1.1 million of tariffs on Mexican imports during a brief March tariff action and recognized approximately $2.7 million of charges related to closure of Canadian distribution centers. Long-term debt includes syndicated facility maturities in October 2027 and October 2029 and $10 million of interest rate swaps with fixed SOFR at 4.47%. The company carries $17.2 million in uncertain tax positions, including $9.5 million of interest and penalties. Several class action and advertising-related lawsuits remain pending with outcomes uncertain.