Buda Juice Reports Q1 Adjusted EPS of 5 Cents, Revenue of $3.5M
Reports Q1 adjusted EPS 5c. Reports Q1 revenue $3.5M vs $3M last year. Horatio Lonsdale-Hands, Co-Founder and Chief Executive Officer of Buda Juice, commented: "The first quarter of fiscal 2026 represents a meaningful milestone for Buda Juice. It was effectively our first full quarter as a public company, and we delivered on our commitments. Revenue grew nearly 18% year over year, above the mid-teens outlook we discussed on our last earnings call, while free cash flow increased 37% from the prior-year period. Gross margin was impacted by a temporary spike in lime costs following supply chain disruptions in western Mexico in March. Improved labor efficiency, with labor costs as a percentage of revenue improving more than 150 basis points year over year, helped partially offset the impact. Conditions stabilized by the end of the quarter, and we do not currently view this as reflective of the underlying economics of our business. Subsequent to quarter's end, Buda Juice reached another major milestone with the expansion of Buda Fresh(TM) Cherry Limeade into 246 Walmart stores across nine states. This significantly expanded our geographic footprint beyond Texas and represents an important early step in demonstrating that the Ultra Fresh category and our Fresh35 degrees cold-chain platform can scale into broader multi-state distribution. When we went public in January, we stated that expanding distribution and bringing our products to more consumers would be a key next step for the Company. We believe this expansion reflects continued progress against that strategy."
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- Earnings Highlights: Buda Juice reported a Q1 non-GAAP EPS of $0.05 with revenues of $3.5 million, reflecting a 16.7% year-over-year increase and exceeding market expectations by $0.3 million, indicating strong performance and growth potential in the market.
- Adjusted EBITDA: The company achieved an adjusted EBITDA of $0.8 million, demonstrating effective cost control alongside revenue growth, which enhances investor confidence in its future development prospects.
- Free Cash Flow: Buda Juice generated free cash flow of $1.1 million, indicating robust cash generation from operations that can support its expansion strategy and future investment plans, further solidifying its market position.
- Expansion Strategy: The positive financial results provide strong support for Buda Juice's expansion strategy, which is expected to drive greater market share and brand influence in the competitive beverage industry.
- Earnings Call Announcement: Buda Juice will host a conference call on May 13, 2026, at 11:00 a.m. Eastern Time to discuss its financial and operational results for Q1 2026, indicating the company's commitment to transparency and investor communication.
- Live Webcast Details: The call will be available via a live webcast on the company's Investor Relations page, providing convenient access for investors to stay updated on the latest developments, thereby enhancing investor engagement.
- Cold Chain Infrastructure Advantage: Buda Juice's proprietary cold chain platform ensures an 8 to 12-day shelf life for its products, preserving freshness and nutrient quality, which highlights the company's competitive edge and innovation in the fresh juice market.
- Market Positioning and Strategy: As the pioneer of the Ultra Fresh™ category, Buda Juice enables retailers to offer ready-to-drink products without additional infrastructure, meeting consumer demand for fresh, healthy beverages and further solidifying its leadership position in the market.
- Financial Highlights: Buda Juice, Inc. reported a FY GAAP EPS of $0.20 and revenue of $12.61 million, reflecting an 11.9% year-over-year growth, indicating strong performance and growth potential in the cold chain market.
- Adjusted EBITDA: The company reported an adjusted EBITDA of $3.8 million, showcasing improved operational efficiency, which enhances investor confidence in its profitability.
- Free Cash Flow: Buda Juice generated free cash flow of $3.0 million, demonstrating robust capital management that provides ample funding for future expansion and investments.
- IPO Expectations: Buda Juice priced its initial public offering at $20 million, with positive market response, which is expected to further boost the company's market share and brand influence in the cold chain industry.
- IPO Market Performance: In January 2026, nine IPOs raised a total of $2.6 billion, although a backlog of startups indicated IPO plans, the overall deal count and proceeds fell below the ten-year average, reflecting cautious market sentiment.
- Sector Dynamics: The industrial sector's EquipmentShare.com led with $747 million raised, surging 33% on its first day, indicating strong investor demand for fast-growing companies viewed as resistant to AI disruption.
- SPAC Issuance Surge: January saw SPAC issuance reach a four-year high with 25 blank check deals raising $5.2 billion, providing hundreds of pre-IPO companies with an alternative path to public markets, reflecting growing interest in emerging technology firms.
- Active IPO Pipeline: By the end of January, the IPO pipeline included 216 companies seeking to raise approximately $12.4 billion, with 130 having filed or updated within the last 90 days, demonstrating ongoing market interest in new public offerings.
- IPO Market Performance: In January 2026, nine IPOs raised a total of $2.6 billion, reflecting a cautious market sentiment as this figure fell short of the ten-year average, particularly after the volatility experienced in Q4 2025.
- Sector Dynamics: The industrial sector led the month’s largest IPOs, with EquipmentShare.com raising $747 million, highlighting investor preference for fast-growing companies perceived as resilient to AI disruption.
- Emerging Trends: The fintech and biotech sectors showed signs of recovery at the start of 2026, notably with fintech PicPay becoming the first Brazilian IPO in four years, raising $434 million, although its shares fell 5% post-IPO.
- SPAC Activity: January saw SPAC issuance reach a four-year high with 25 deals raising $5.2 billion, indicating growing interest in pre-IPO companies opting for SPAC mergers, despite overall IPO activity remaining below 2021 peaks.

- Successful Financing: Aktis Oncology priced its upsized IPO at $318 million, achieving a market cap of $1 billion, marking the first significant deal of 2026 and demonstrating strong market interest in its radiopharmaceuticals targeting solid tumors.
- Technological Edge: The company's alpha-emitting radiopharmaceuticals have shown superior efficacy in preclinical studies compared to Padcev, although it faces risks due to its early-stage pipeline, yet its unique treatment approach may attract investor attention.
- Market Performance: Aktis saw a 24% increase in its stock price during its first week of trading, reflecting investor recognition of its potential market value and providing a solid foundation for future financing and R&D efforts.
- Industry Outlook: With the rising demand for targeted therapies, Aktis's successful IPO not only enhances its visibility in the biotech sector but may also stimulate financing activities for similar companies, fostering growth across the industry.









