Filing Flows › Functional Brands (MEHA) › Q4 2025
Functional Brands (MEHA) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 27, 2026
Functional Brands (MEHA) reported revenue of $1.5M for the fourth quarter 2025 (Q4 2025), -11% from a year earlier and -12% from the quarter before. Operating margin was -75.8%, net earnings $852K (57.0% of revenue).
Functional Brands, Q4 2025: revenue $1.5M (-11% year over year), operating margin -75.8%, net earnings $852K, operating cash flow −$2.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5M | -12% | -11% |
| Operating profit | −$1.1M | — | — |
| Net earnings | $852K | +229% | — |
| Operating cash flow | −$2.7M | -431% | — |
What changed
Revenue was $1.5M in Q4 2025, down 11% year over year and down 12% from the previous quarter. Nutraceuticalsupplements was the largest line at 100% of revenue.
Gross margin was 44.9%, down 14.0 points from a year earlier. Operating costs exceeded revenue by $1.1M, an operating margin of -75.8%. Operating expenses grew 60% against a revenue fall of 11%. The fastest-growing cost line was General & admin (+63%). Net earnings were $852K. The effective tax rate was 0.0%. Non-operating items added $2.0M, 233% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$2.7M. Non-cash charges added back $16K of depreciation and amortization. Working capital and other items used $3.6M. Capital expenditures of $0K exceeded it, leaving free cash flow of −$2.7M.
Questions
What was Functional Brands' revenue in the fourth quarter 2025?
Functional Brands (MEHA) reported revenue of $1.5M for the fourth quarter 2025 (Q4 2025), -11% from a year earlier and -12% from the quarter before.
Was Functional Brands profitable in the fourth quarter 2025?
Operating loss was $1.1M (-75.8% of revenue) and net earnings $852K.
Source: Functional Brands 10-K on SEC EDGAR.