Filing Flows › Functional Brands (MEHA) › Q1 2026
Functional Brands (MEHA) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
Functional Brands (MEHA) reported revenue of $1.6M for the first quarter 2026 (Q1 2026), +3% from a year earlier and +10% from the quarter before. Operating margin was -41.5%, net loss $7.0M (424.8% of revenue).
Functional Brands, Q1 2026: revenue $1.6M (+4% year over year), operating margin -41.5%, net loss $7.0M, operating cash flow −$425K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6M | +10% | +3% |
| Operating profit | −$683K | — | — |
| Net earnings | −$7.0M | -920% | — |
| Operating cash flow | −$425K | — | — |
What changed
Revenue was $1.6M in Q1 2026, up 3% year over year and up 10% from the previous quarter. Nutraceuticalsupplements was the largest line at 100% of revenue. Nutraceuticalsupplements added $119K year over year (up 8%), 215% of the total change. Hemp Derived Products declined 91%.
Gross margin was 58.4%, up 3.9 points from a year earlier. Operating costs exceeded revenue by $683K, an operating margin of -41.5%. Operating expenses grew 83% against revenue growth of 3%. The fastest-growing cost line was General & admin (+92%). The quarter ended with a net loss of $7.0M, after a profit of $852K the previous quarter. Net interest and other expense of $6.3M was the main reason.
Operating cash flow was −$425K. Non-cash charges added back $16K of depreciation and amortization and $123K of share-based compensation. Working capital and other items added $6.4M.
Questions
What was Functional Brands' revenue in the first quarter 2026?
Functional Brands (MEHA) reported revenue of $1.6M for the first quarter 2026 (Q1 2026), +3% from a year earlier and +10% from the quarter before.
Was Functional Brands profitable in the first quarter 2026?
Operating loss was $683K (-41.5% of revenue) and net loss $7.0M.
Source: Functional Brands 10-Q on SEC EDGAR.