Barfresh Q2 revenue up 190% to $4.7M but gross loss; cuts FY26 guidance

BARFRESH FOOD GROUP INC.

Q2 revenue $4.7M, up 190% YoY from $1.6M, driven by Arps Dairy acquisition; gross loss of $150K (-3.2% of revenue) vs $506K profit in Q2 2025.
Net loss widened to $1.9M from $880K; Adjusted EBITDA loss of $1.2M vs $600K loss in Q2 2025.
Revises FY2026 guidance; targets 2H26 Adjusted EBITDA of -$0.5M to breakeven as production efficiencies improve.
Miss driven by slower-than-planned ramp at existing Arps Dairy facility; new 44,000 sq ft Defiance, Ohio facility construction remains top priority.

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