Start here if you're new
what it is
Sow Good makes freeze-dried candy and snacks, then tries to sell enough of them to outrun its losses.
how it gets paid
Last year Sow Good made $32M in revenue. freeze-dried candy was the main engine at $20.0M, or 62% of sales.
what just happened
Latest quarter revenue hit $6M, but a -135.5% gross margin turned growth into another ugly loss.
At a glance
C balance sheet — red flag territory — real financial stress
10/100 earnings predictability — expect surprises
-$0.40 fy2024 eps est
$2B fy2026 rev est
4.9% operating margin
xvary composite: 30/100 — weak
What they do
Sow Good makes freeze-dried candy and snacks, then tries to sell enough of them to outrun its losses.
Moat → repeat demand → so what: the only real edge here is that freeze-dried candy is weird enough to get noticed on a shelf. The company reached $32 million in annual revenue, which says people bought the product, but a -135.5% gross margin says demand alone did not protect the business. If you buy this stock, you are betting the product still has pull after the asset sale and distributor reset.
How they make money
$32M
annual revenue
freeze-dried candy
$20.0M
+421.1%
freeze-dried snacks
$7.0M
+421.1%
branded retail packs
$3.0M
+279.0%
other distribution revenue
$2.0M
+279.0%
The products that matter
branded snack line
sow good candy
$32M · effectively the whole business
it drives the company’s entire $32M revenue base, so a margin miss here hits the whole stock.
core line
freeze-dried candy
freeze-dried candy
n/a gross margin quarter (verify filings — prior quarter was deeply negative)
this is the format that got the business noticed, and it is now the format that exposed the gross margin problem when costs blew past sales.
margin stress
freeze-dried snacks
sow good snacks
+98.8% annual revenue growth
sales nearly doubled to $32M last year, but the growth only matters if the company can keep more than zero cents of each dollar.
growth, thin base
Key numbers
-135.5%
gross margin
Gross margin → profit after product costs → so what: the company lost money before paying overhead, which is why this is a survival story.
$6.0M
private placement
Fresh cash is about equal to the whole market cap, which tells you financing mattered as much as operations.
$3.0M
long-term debt
Debt equals 35% of capital, which is a lot for a company worth only about $6M in the market.
$1.5M
asset sale
Selling a large chunk of operating assets for $1.5M shows how little room the company had to keep funding itself the old way.
Financial health
C
strength
- balance sheet grade C — very weak — significant financial distress
- risk rank 5 — safer than 5% of stocks
- price stability 5 / 100
- long-term debt $3M (35% of capital)
C — below average. watch for debt servicing and cash burn.
Total return vs. market
Return history isn't available for SOWG right now.
source: institutional data · return history unavailable
What just happened
missed estimates
Latest quarter revenue hit $6M, but a -135.5% gross margin turned growth into another ugly loss.
Revenue rose 279% vs. prior year, yet the latest quarter still posted a loss and the annual EPS trend stayed negative at -$0.40 for fiscal 2024. Contrast frame: sales grew fast, economics got worse.
$6M
revenue
-$1.51
eps
n/a
gross margin
the number that mattered
The number that mattered was -135.5% gross margin because it means higher sales still produced deeper damage at the product level.
source: company earnings report, 2026
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What could go wrong
the top threat is freeze-dried snack economics staying broken. a $32M revenue base is not big enough to absorb another quarter like the last one.
high
gross margin stays deeply negative
gross margin fell to -n/a in q3 2025 from 16% a year earlier. if that is not a one-off operational failure, the business model does not work at its current scale.
gross margin fell to -n/a in q3 2025 from 16% a year earlier. if that is not a one-off operational failure, the business model does not work at its current scale.
high
more capital raises dilute existing holders
the company closed a $3M private placement in december 2025 and expected another $3M tranche by mar 31, 2026. with a market cap around $6M, financing decisions can reshape your stake quickly.
the company closed a $3M private placement in december 2025 and expected another $3M tranche by mar 31, 2026. with a market cap around $6M, financing decisions can reshape your stake quickly.
med
single-brand concentration leaves no backup plan
this page only shows one real revenue engine: a $32M freeze-dried candy and snacks business. when one product family is the whole story, there is nowhere else to hide if operations miss.
this page only shows one real revenue engine: a $32M freeze-dried candy and snacks business. when one product family is the whole story, there is nowhere else to hide if operations miss.
med
leadership turnover and estimate cuts keep confidence low
the executive chairman resigned in december 2025, and consensus revenue estimates were recently cut 32%. that is not just noise — it is the market asking whether the turnaround plan is credible.
the executive chairman resigned in december 2025, and consensus revenue estimates were recently cut 32%. that is not just noise — it is the market asking whether the turnaround plan is credible.
at $32M in annual revenue, this company is too small for another gross margin collapse quarter and too dependent on outside capital if it happens again.
source: institutional data · regulatory filings · risk analysis
Pay attention to
the number that matters
gross margin back above zero
a move from deeply negative gross margin toward positive territory matters more than headline revenue growth. if costs still exceed sales next quarter, the turnaround case gets much weaker.
calendar
mar 31, 2026 funding milestone
the second $3M private-placement tranche was expected by mar 31, 2026. whether it closes tells you how much room the company has left to operate.
estimate trend
revenue estimates were cut 32%
analysts have already moved numbers lower. that usually means confidence in the near-term operating story is falling, not rising.
capital markets
market cap versus cash needs
at $0.41 per share and roughly $6M in market value, even a few million dollars of financing can materially affect existing holders.
Analyst rankings
earnings predictability
10 / 100
in human-speak, analysts do not have a stable earnings model here. expect sharp revisions and surprises.
risk rank
5
safer than 5% of stocks. translated: this sits near the risky end of the market.
price stability
5 / 100
the share price has not behaved like a steady operating story. it has behaved like a fragile turnaround.
source: institutional data
Institutional activity
institutional ownership data for SOWG is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$0
current price
n/a
target midpoint · n/a from current
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