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Once Upon a Farm IPO pushed back to next year
Yahoo Financeยท 2025-11-26 10:06
Core Viewpoint - Once Upon a Farm, an organic children's food manufacturer, has postponed its IPO in the US to 2026 due to the recent government shutdown and other considerations [1][2]. Company Overview - Once Upon a Farm was established in 2015 and is based in California, producing a variety of baby and children's foods, including chilled pouches, oat bars, frozen meals, and ambient snacks [2][3]. - The company is led by CEO John Foraker, who joined in 2017 and is recognized as a co-founder [3]. Financial Performance - For the year ending December 31, Once Upon a Farm reported a net loss of $23.8 million, an increase from a $17.6 million loss the previous year [4]. - In the first half of 2025, the company recorded a net loss of $28.5 million, compared to a $4.2 million loss in the same period the previous year [4]. - Sales revenue for 2024 was $156.8 million, up from $94.3 million in 2023, with first-half sales in 2025 reaching $110.6 million, an increase from $65.8 million in the prior six months [4]. Operating Losses - The company experienced an operating loss of $6.3 million last year, which was an improvement from a $15.3 million loss [5]. - For the first six months of 2025, operating losses were $9.2 million, compared to $3.1 million in the same period the previous year [5].