---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-058120"
form_type: "8-K"
ticker: "MEHA"
cik: "0001837254"
company_name: "Functional Brands Inc."
filed_at: "2026-05-18T11:55:49+00:00"
generated_at: "2026-05-18T12:01:59.928384+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-26-058120
- form_type: 8-K
- ticker: MEHA
- cik: 0001837254
- company_name: Functional Brands Inc.
- filed_at: 2026-05-18T11:55:49+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1837254/000121390026058120/0001213900-26-058120-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1837254/000121390026058120/ea0291258-8k_functional.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-058120
- JSON: https://secwatch.observer/filing/0001213900-26-058120.json
- Plain text: https://secwatch.observer/filing/0001213900-26-058120.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1837254/000121390026058120/0001213900-26-058120-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.