Limoneira Co
limoneira.comWhat Do They Do?
Grows and sells lemons, avocados and other crops and packs lemons for produce buyers, while renting property to tenants and developing real estate.
10-K for FY2025, filed Dec 23, 2025We are primarily an agribusiness company founded and based in Santa Paula, California, committed to responsibly using and managing our…View ↗
We are one of California’s oldest citrus growers and according to the California Avocado Commission, we are one of the largest growers of…View ↗
We have three business divisions: agribusiness, rental operations and real estate development. The agribusiness division is comprised of…View ↗
Lemons. We market and sell lemons directly to our food service, wholesale and retail customers throughout the United States, Canada, Asia…View ↗
We own and maintain 238 residential housing units located in Ventura County in California that we lease to employees, former employees and…View ↗
For more than 100 years, we have been making strategic real estate investments in California agricultural and developable real estate. We…View ↗
How Do They Make Money?
Most money comes from selling lemons: sales are counted when buyers take fruit from the packinghouse. Third-party packinghouses buy avocados when the fruit is delivered, and farm-management fees are earned as services are provided.
10-K for FY2025, filed Dec 23, 2025Agribusiness revenue - Revenue from lemon sales is generally recognized at a point in time when the customer takes control of the fruit…View ↗
The Company’s avocados are packed and sold by third-party packinghouses. The Company’s arrangements with its third-party packinghouses are…View ↗
Farm management revenue is recorded when services are provided for farming, management, orchard development, accounting and operations.…View ↗
$159.7M
-
10-K for FY2025, filed Dec 23, 2025
$159.7M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Fresh Lemons
Sold outright
10-K for FY2025, filed Dec 23, 2025 |
47%
FY2022: 64%
|
Fresh Lemons, FY2025
$75.8M Sources
|
Sold outright |
|
Lemon Packing
|
31%
FY2022: 28%
|
Lemon Packing, FY2025
$49.1M Sources
|
|
|
Avocados
Sold outright
|
7.4%
FY2022: 9.4%
|
Avocados, FY2025
$11.7M Sources
|
Sold outright |
|
Other Agribusiness
|
11%
FY2022: 12%
|
Other Agribusiness, FY2025
$17M Sources
|
Who Are Their Customers?
Limoneira sells lemons to food-service, wholesale and retail buyers, with citrus sales and marketing handled through Sunkist. Third-party packinghouses buy avocados, and wine producers buy grapes.
10-K for FY2025, filed Dec 23, 2025Lemons. We market and sell lemons directly to our food service, wholesale and retail customers throughout the United States, Canada, Asia…View ↗
We sold lemons and other citrus to 179 U.S. and international customers during fiscal year 2025. Beginning November 1, 2025, we merged our…View ↗
The Company’s avocados are packed and sold by third-party packinghouses. The Company’s arrangements with its third-party packinghouses are…View ↗
Other Agribusiness. We have approximately 100 acres of oranges planted near La Serena, Chile, and 400 acres of wine grapes planted in San…View ↗
10-K for FY2025, filed Dec 23, 2025
Concentrations of credit risk with respect to revenues and accounts receivable are limited due to a large, diverse customer base. One…View ↗
Do Revenues Turn Into Profits?
No. It lost $16M in FY2025.
10-K for FY2025, filed Dec 23, 2025
How Are They Changing?
- Net income
-
Sources
10-Q for Q3 FY2026, filed Sep 9, 2026
−$3MView ↗
- ▲ +250% (Loss)
- vs −$855K in Q3 FY2025
10-Q for Q3 FY2026, filed Sep 9, 2026
Open tableView ↗
-
Sep 9, 2026
Raises avocado volume guidance and narrows lemon volume guidance
Management raised avocado volume expectations and moved lemon volume expectations to the lower end of its range.
Sources
8-K, filed Sep 9, 2026
Raises Avocado Volume and Narrows Lemon Volume Guidance for Full Year Fiscal 2026View ↗
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Apr 15, 2026
Forms Agromin joint venture for commercial composting
The venture plans to process organic waste and sell compost, while Limoneira leases it the site.
Sources
8-K, filed Apr 15, 2026
Limoneira Company, a Delaware corporation (the “Company”), and California Wood Recycling, Inc., a California corporation dba Agromin…View ↗
Flat. Revenue was $159.7M in FY2025, about the same as the $166M of FY2021.
Sunkist's citrus role
The older report said only a portion of oranges and specialty citrus was marketed under Sunkist; the latest says citrus sales and marketing operations were merged into Sunkist.
10-K for FY2022, filed Dec 22, 2022 10-K for FY2025, filed Dec 23, 2025We utilize third-party packinghouses to process and pack our oranges and specialty citrus. A portion of our oranges and specialty citrus is…View ↗
We sold lemons and other citrus to 179 U.S. and international customers during fiscal year 2025. Beginning November 1, 2025, we merged our…View ↗
Avocado marketing
The older report said most avocado production went to Calavo; the latest says avocados are sold to third-party packinghouses.
10-K for FY2022, filed Dec 22, 2022 10-K for FY2025, filed Dec 23, 2025Through fiscal year 2021, the Company sold the majority of its avocado production to Calavo Growers, Inc. (“Calavo”), a packing and…View ↗
We sold lemons and other citrus to 179 U.S. and international customers during fiscal year 2025. Beginning November 1, 2025, we merged our…View ↗
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