Once Upon a Farm PBC Common Stock (OFRM)

FairStock Score: 34/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a Buffett/Graham investor, I start with business quality and owner earnings. Once Upon a Farm sells organic baby food, meals, and snacks through retail, e-commerce, and direct channels. The top line is moving: in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $85.4M, up from $60.0M in fiscal Q2 2025, the quarter ended 2025-06-30. In fiscal Q1 2026, the quarter ended 2026-03-31, revenue was $72.7M, up from $50.6M in fiscal Q1 2025, the quarter ended 2025-03-31. Losses are narrowing too: net income improved to $-5.0M in fiscal Q2 2026 from $-9.0M in fiscal Q2 2025, and diluted EPS improved to $-0.12 from $-1.36. That is real progress. But the company still lost money in both filed periods. Trailing free cash flow is $-36.2M, a -5.3% FCF yield, so it is consuming cash, not producing it. The Piotroski F-Score is 2/9, which is weak. It has no debt (D/E 0.00), and Altman Z-Score is 8.80, but those do not offset negative owner earnings. At $16.38 on 2026-10-13, P/B is 4.43, P/E is negative, and FairStock Score is 34/100. Graham would demand a margin of safety; here I see no earnings-based valuation support. The Lynch category is none because only 0 years of filed results exist and 3 are needed. Growth is promising, but until cash flow turns positive and profits appear, this is speculation in a branded food startup, not a value investment.

In plain English: Once Upon a Farm makes organic baby food pouches, meals, and snacks for children. Sales are growing quickly, but the company still loses money and uses more cash than it brings in, so the business does not yet look financially strong. At $16.38 a share, the price looks expensive for a company with no profits to support it.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · fiscal Q1 2025 10-Q (period ended 2025-03-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer