Once Upon a Farm, PBC (OFRM) is an organic food company that manufactures and sells nutrient-dense, refrigerated and shelf-stable food products for babies and children. Revenue is generated through transactional sales of Pouches, snacks, and meal products across retail channels including brick-and-mortar stores, e-commerce platforms, delivery platforms, and a direct-to-consumer platform. The company completed its IPO in February 2026, issuing 9,281,118 shares at $18.00 per share and receiving net proceeds of approximately $138.8 million. As of March 31, 2026, Once Upon a Farm had deployed over 3,700 refrigerated coolers in retail stores and identified a target footprint of more than 15,000 cooler locations across North America. The company sources organic raw materials from U.S. and international farmers, including suppliers in Mexico and South America, and relies on a limited number of independent contract manufacturers. As of March 31, 2026, the company carried no outstanding debt under its Nonconventible Debt facility or its Term Loan Facility, with up to $30.0 million remaining available under the Term Loan Facility.

Revenue model

Transactional product sales of organic baby and kids food items through retail and direct-to-consumer channels. Net revenue is recognized after deducting sales discounts, trade allowances, slotting fees, coupon offers, rebates, and term discounts offered to retail and DTC customers.

Products and services

Refrigerated and shelf-stable organic Pouches, baby food meals, and snacks for babies and young children. The company also deploys branded refrigerated cooler units placed in retail store baby aisles as a physical merchandising asset.

Customers and end markets

Parents of infants and young children purchasing through traditional retail grocery and mass-market stores, e-commerce platforms, delivery platforms, and a direct-to-consumer channel. Retail store customers are a material channel, with risk disclosure noting potential loss of a significant retail customer.

Value-chain role

Brand owner and product developer that outsources manufacturing to independent contract manufacturers and co-packers, sources organic raw materials from domestic and international farmers, and distributes finished goods through third-party retail and its own DTC platform.

Geographic exposure

Primarily United States retail and DTC. Organic raw material sourcing includes Mexico and South America. Cooler expansion target is framed as North America. No specific international sales revenue breakdown disclosed in the filing excerpts.

Source: SEC 10-Q, filed 2026-05-07

Industry: Food and Kindred Products