Sadot Group Inc (NASDAQ: SDOT) is an agricultural commodities trading company that buys and sells food commodities across global trade routes. Revenue comes almost entirely from transactional commodity sales, where the company acts as a principal buying and reselling physical agricultural products. As of the year ended December 31, 2025, commodity sales totaled $246.9 million, down 64.8% from $700.9 million in FY2024, with gross profit falling to $4.6 million from $22.7 million in FY2024. The company reported a net loss of $93.97 million in FY2025 versus net income of $3.74 million in FY2024, including a $13.4 million write-off of carbon credit investments. In December 2025, Sadot completed the sale of its restaurant franchise assets, including Pokémoto and Muscle Maker Grill, to MARV Brands for $2.9 million, fully exiting its food services segment. The company's stated growth plan includes expansion into farming, warehousing, logistics, food processing, and carbon offsets, though it discontinued further carbon credit investment as of FY2025. Competitors in agri-commodities trading are described in the 10-K as significantly larger with greater purchasing power and financial resources.

Revenue model

Transactional commodity sales as principal buyer and reseller of agricultural products. Commodity sales generated $246.9 million in FY2025 and $700.9 million in FY2024. Other revenues were negligible at $69,000 in FY2025.

Products and services

Physical agricultural commodity trading across global trade routes. Previously operated restaurant franchises Pokémoto and Muscle Maker Grill (sold December 2025) and subscription fresh-prep meal concept SuperFit Foods (sold August 2024). Carbon credit investments were written off in FY2025 for $13.4 million.

Customers and end markets

Counterparties in global agricultural commodity markets. No specific customer concentration data disclosed in the filing excerpts.

Value-chain role

Commodity trading intermediary purchasing and reselling physical agricultural products. Stated plans to expand into farming, warehousing, logistics, transportation, and food processing verticals of the food supply chain.

Geographic exposure

Global commodity trade routes. The company's former restaurant business was described as U.S.-centric. Specific geographic revenue breakdown not disclosed in the filing excerpts.

Source: SEC 10-K, filed 2026-04-29

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