Here are the 10-Q quarterly reports from Buda Juice, Inc. (BUDA) in our archive since June 2025, 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 BUDA 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 BUDA filings page.
Buda Juice, Inc. reported higher sales but lower profitability in the quarter and six months ended June 30, 2026, its first periods as a public C‑corporation after converting from an LLC and completing a January IPO on NYSE American.
Net sales rose to $4,508 thousand for the quarter and $8,016 thousand year‑to‑date, up 26.4% and 22.4%, driven by organic growth, new Buda Fresh distribution into Walmart across nine states, and a small asset acquisition in fresh dressings. However, gross margin compressed to 36.6% from 46.7% in the quarter, mainly from higher freight, temporary co‑packing costs for dressings, and elevated produce costs, keeping gross profit roughly flat.
Selling, general and administrative expense increased sharply to $1,055 thousand for the quarter and $1,718 thousand year‑to‑date, reflecting public company costs and $213 thousand of stock‑based compensation under a new RSU plan. Quarterly net income declined to $470 thousand and six‑month net income to $858 thousand, both more than 50% below 2025 levels, with an effective tax rate of 36.23% after becoming taxable. Liquidity strengthened significantly: cash and cash equivalents were $18,819 thousand, working capital was $20,143 thousand, and the company had an undrawn $3,000 thousand revolving credit facility. One customer accounted for about 90% of six‑month revenue, and the business continues to operate as a single segment focused on cold‑crafted beverages.
Buda Juice, Inc. reported higher sales but lower profit for the three months ended March 31, 2026, its first quarter as a public C‑corporation. Net sales rose to $3.5 million from $3.0 million a year earlier, driven mainly by increased demand from its primary grocery customer.
Gross profit inched up to $1.4 million, but gross margin fell to 39.5% from 44.9%, largely because lime prices spiked after supply disruptions in western Mexico. Operating expenses climbed to $0.8 million, mainly from higher personnel, insurance, and professional fees tied to the January 2026 IPO.
Net income declined to $0.4 million from $0.8 million, with the drop also reflecting a much higher income tax expense after converting from an LLC to a C‑corporation. The IPO and over‑allotment generated $16.9 million in net proceeds, boosting cash to $19.8 million and working capital to $19.9 million as of March 31, 2026, while the company kept its $3.0 million credit facility undrawn. One customer accounted for about 96% of quarterly revenue, underscoring significant customer concentration risk.