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Arcadia Biosciences Inc

arcadiabio.com

What Do They Do?

Sells Zola coconut water to grocery retailers and foodservice distributors.

How Do They Make Money?

revenue
SegmentShareRevenue
Product
100%
FY2022: 87%
License
0.0%
FY2022: 12%
Royalty
0.0%
FY2022: 1.6%

Who Are Their Customers?

Zola coconut water is sold through grocery retailers and foodservice distributors across the U.S.

Do Revenues Turn Into Profits?

No. It lost $2.3M in FY2025.

Operating income, FY2025
−51% of revenue
▼ −31% (Loss) vs FY2024 (−$3.6M, −72%)
Net income, FY2025
−48% of revenue
▼ −67% (Loss) vs FY2024 (−$7M, −140%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▼ −1%
vs $1.5M in Q2 FY2025
Net income
▲ +41% (Loss)
vs −$4.5M in Q2 FY2025
Product share of revenue vs 100.0% in Q2 FY2025
  • Sep 4, 2026 Nasdaq said Arcadia failed its stockholders’ equity listing requirement Its shares remained listed while Arcadia evaluated a plan to regain compliance.
  • Aug 10, 2026 Nasdaq said Arcadia failed the minimum bid-price requirement Trading continued during an initial compliance period, and the company could consider a reverse split.
  • Apr 3, 2026 Arcadia replaced Deloitte with Ramirez Jimenez International CPAs

Shrinking. Revenue fell 28% in 4 years, from $6.8M in FY2021 to $4.9M in FY2025, about 8% a year.

A narrower product focus The older report described wheat seed, grain and food products, trait licensing, coconut water and wellness brands. The latest report focuses its product description on Zola coconut water and says it has no effective commercialization rights to wheat patents.

Revenue over time
Product License Royalty
$10M$5M$0

Who Do They Compete With?

Competes with Vita Coco, ZICO, C20, and Harmless Harvest

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