Functional Brands Inc

functionalbrandsinc.com

What Do They Do?

Manufactures and distributes nutritional supplements, including products for pain, energy and general health, to consumers, wholesalers and healthcare practitioners.

How Do They Make Money?

Customers pay for nutritional supplements and related products when they are sold; the company also charges for shipping when it ships the related merchandise.

revenue

Segment	Share	Revenue	How money arrives
Nutraceutical (supplements) Sold outright	98%		Sold outright
Hemp derived products Sold outright	1.9%		Sold outright

Who Are Their Customers?

Consumers buy through the company’s website and Amazon; wholesalers, distributors, healthcare practitioners, and private-label buyers are also customers. International distributors sell Kirkman products in other countries.

Customers above 10% of revenue, FY2025

of revenue from two customers (34%, 21%)

FY2024: 54% from two customers

Do Revenues Turn Into Profits?

Yes. It kept 11 cents of every revenue dollar as net income in FY2025, but spent more cash than it brought in: free cash flow was −$1.3M.

Operating income, FY2025

−21% of revenue

▲ +510% (Loss) vs FY2024 (−$229.1K, −3%)

Net income, FY2025

11% of revenue

▲ Now profitable vs FY2024 (−$559.4K, −9%)

Free cash flow, FY2025

−19% of revenue

▼ Now a loss vs FY2024 ($109, 0%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +2%; vs $1.8M in Q2 FY2025
Net income: ▲ +1064% (Loss); vs −$226.1K in Q2 FY2025

Jul 1, 2026 BullionFX terminated the planned asset purchase BullionFX ended the agreement to sell blockchain-related assets, so the proposed transaction will not proceed.
Jun 15, 2026 Nasdaq determined to delist the company’s common stock Nasdaq said trading would be suspended and a filing would remove the stock from its listing.

Revenue over time

Nutraceutical (supplements) Hemp derived products

$10M$5M$0

FY2024 FY2025

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