Functional Brands Q1 revenue up 3.5% to $1.65M; net loss $7.0M on $6.3M equity exchange charge

Functional Brands Inc.

2026-Q1 EPS reported -$0.36 revenue$1,645,524

Revenue $1.65M (+3.5% YoY); gross margin improved 390bps to 58.4%.
Operating loss widened to $0.68M from $0.03M, driven by public company expenses and higher G&A.
Net loss of $7.0M includes $6.3M non-cash charge on preferred stock issuance.
Entered binding LOI to acquire IP and blockchain assets; AI partnership with partnrup.ai.
Completed capital structure simplification; Kirkman and P2i distribution expanding.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Functional Brands Inc. reported first quarter ended March 31, 2026 results: revenue $1,645,524.

Period: first quarter ended March 31, 2026
Revenue: $1,645,524
Result: reported results

Exact text from the filing

in wellness and performance products, today announced financial results for the first quarter ended March 31, 2026. First Quarter 2026 Financial Highlights ● Revenue grew to $1.65 million, up 3.5% from $1.59 million in the prior year period, reflecting continued momentum across the Company’s brand portfolio. ● Gross profit increased to $0.96 million from $0.87

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Source: SEC EDGAR

accession 0001213900-26-058120

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