Sow Good Inc
thisissowgood.comSow Good Inc. (NASDAQ: SOWG) is a U.S.-based consumer packaged goods company that owns and markets freeze-dried candy and snack products under the Sow Good brand. Revenue comes from sales of finished goods inventory, with the company earning a 10% commission on gross receipts generated by its exclusive worldwide distributor, Trea Grove, LLC, under a Distribution Agreement running through July 31, 2026. Sow Good does not manufacture or warehouse products. As of December 31, 2025, it sold its manufacturing assets, including six proprietary freeze-drying machines, to Trea Grove for $1.5 million, transitioning to a capital-light, brand-owner model. Commercial sales commenced in Q1 2023. Revenue grew from approximately $428,100 in FY2022 to approximately $16.1 million in FY2023, before experiencing material decline toward the end of FY2025. The company operates as a single segment. CEO is David Lazar and CFO is Donna Guy, per the FY2025 10-K filed March 31, 2026.
Products & Services
Freeze-dried candy marketed under the Sow Good Candy brand, consisting of freeze-dried versions of gummy, chewy, and hard candies transformed into crunchy snack formats with concentrated flavor. Products are offered in multiple flavor profiles, shapes, and pack sizes. Additional freeze-dried snack concepts are under development. The company owns two U.S. trademark registrations and had six pending U.S. trademark applications as of December 31, 2025.
Revenue Model
Transactional commission model: Sow Good earns 10% of gross receipts from customer sales made by its exclusive distributor, Trea Grove, LLC. Revenue is recognized when orders are shipped to customers. Prior to December 30, 2025, the company operated a vertically integrated manufacturing and direct-sales model.
Customers & Markets
Retail and distributor channels served through Trea Grove as exclusive distributor. End consumers are snack purchasers in the freeze-dried candy category. The filing notes loss of certain significant customers and heat-related product damage in late 2024 as factors that increased inventory levels and negatively impacted financial position.
Geographic Exposure
U.S.-based operations. The Distribution Agreement with Trea Grove covers exclusive worldwide distribution, but no specific non-U.S. revenue or market data is disclosed in the filing excerpts.
Financial Snapshot
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