Mama’s Creations (MAMA) Q3 2025 Financial Results Summary
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Mama’s Creations (MAMA) Q3 2026 Financial Results Summary
Mama’s Creations, Inc. (Nasdaq: MAMA) released its financial results for the third quarter ended October 31, 2025, on December 8, 2025. The report highlighted significant growth and operational developments. Here is a summary of the results:
Financial Summary
- Revenues: Increased by 50.0% to $47.3 million compared to $31.5 million in Q3 FY2025.
- Gross Profit: Rose by 56.6% to $11.1 million, contributing to 23.6% of total revenues, compared to 7.1 million or 22.6% of total revenues in the same quarter last year.
- Operating Expenses: Totaled $10.3 million, increased from $6.6 million. As a percentage of revenue, this increased to 21.8% from 20.8% year-over-year. This increase was partly due to a $1.0 million rise in professional fees related to the acquisition of Crown 1.
- Net Income: Grew by 31.7% to $0.5 million or $0.01 per diluted share, compared to $0.4 million and $0.01 per diluted share in Q3 FY2025.
- Adjusted EBITDA: Increased significantly by 118.0% to $3.8 million, up from $1.7 million in the same quarter last year.
Operational Highlights
- Acquisition of Crown 1:
- Mama’s Creations acquired Crown I Enterprises for $17.5 million, enhancing the product offering with ready-to-heat meals and value-added proteins.
- The acquisition was financed through a $20.0 million private placement and a $27.4 million long-term credit facility with M&T Bank.
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Crown 1 contributed $56.8 million in revenue over the past 12 months leading up to June 28, 2025.
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New Retail Partnerships:
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New placements secured at Target and Food Lion, with product shipments expected to commence in February 2026 and soon thereafter, respectively.
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Cost and Operational Efficiencies:
- Integration plans for Crown 1 included an improvement of gross margins expected to rise from the low-20% range to the mid-20% range over the next fiscal year.
Cash Position
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Cash and cash equivalents increased to $18.1 million as of October 31, 2025, from $7.2 million as of January 31, 2025, driven by improved operational profitability and financing related to the acquisition.
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Total debt stood at $6.4 million as of October 31, 2025, compared to $6.3 million a year prior.
Dividends and Share Repurchase
- There was no declaration of a quarterly dividend or announcement of any share repurchase program mentioned in the report.
Management Commentary
- Adam L. Michaels, Chairman and CEO, indicated strong growth signals, emphasizing effective integration of Crown 1 and strategic plans to enhance profitability through expanded retail channels and operational efficiencies. He highlighted a vision of significantly scaling the business towards becoming a $1 billion deli prepared foods company.
Conclusion
Mama’s Creations demonstrated robust growth in Q3 2026 with substantial increases in revenues, gross profit, and adjusted EBITDA, bolstered by strategic acquisitions and new retail partnerships. The company maintains a strong cash position and continues to focus on long-term growth and operational improvement.
This concludes the summary of Mama’s Creations’ financial performance for Q3 2026. For more details, the full report is available on their official website or through investor relations.
| For | the Three Months Ended | the Nine Months Ended | ||
|---|---|---|---|---|
| October 31, | 2025 | 2024 | 2025 | 2024 |
| Net sales | $47,269 | $31,523 | $117,727 | $89,743 |
| Costs of sales | 36,133 | 24,410 | 88,636 | 68,288 |
| Gross profit | 11,136 | 7,113 | 29,091 | 21,455 |
| Operating expenses: | ||||
| Research and development | 80 | 155 | 208 | 352 |
| Selling, general and administrative | 10,233 | 6,395 | 24,782 | 18,155 |
| Total operating expenses | 10,313 | 6,550 | 24,990 | 18,507 |
| Income from operations | 823 | 563 | 4,101 | 2,948 |
| Other income (expenses) | ||||
| Interest expense | (156) | (120) | (321) | (369) |
| Interest income | 79 | 37 | 134 | 192 |
| Amortization of debt discount | (20) | (3) | (26) | (13) |
| Other income | — | 61 | — | 61 |
| Total other expenses | (97) | (25) | (213) | (129) |
| Net income before income tax provision | 726 | 538 | 3,888 | 2,819 |
| Income tax expense | (186) | (128) | (834) | (708) |
| Net income | $540 | $410 | $3,054 | $2,111 |
| Net income per common share | $0.01 | $0.01 | $0.08 | $0.06 |
| basic | ||||
| $0.01 | $0.01 | $0.08 | $0.05 | |
| diluted | ||||
| Weighted average common shares outstanding | ||||
| 39,630 | 37,522 | 38,313 | 37,373 | |
| basic | ||||
| 41,953 | 39,442 | 40,639 | 39,261 | |
| diluted |
| October 31, 2025 | January 31, 2025 | |
|---|---|---|
| Assets: | ||
| Current Assets: | ||
| Cash and cash equivalents | $18,068 | $7,150 |
| Accounts receivable, net | 11,047 | 8,131 |
| Inventories, net | 10,360 | 4,817 |
| Prepaid expenses and other current assets | 1,488 | 1,779 |
| Total current assets | 40,963 | 21,877 |
| Property, plant, and equipment, net | 21,061 | 9,387 |
| Intangible assets, net | 3,534 | 3,436 |
| Goodwill | 9,447 | 8,633 |
| Operating lease right of use assets, net | 8,309 | 3,376 |
| Deferred tax asset | 625 | 258 |
| Deposits | 95 | 95 |
| Total assets | $84,034 | $47,062 |
| Liabilities and Stockholders’ Equity: | ||
| Liabilities: | ||
| Current Liabilities: | ||
| Accounts payable and accrued expenses | $18,468 | $12,052 |
| Term loan, net of unamortized debt discount of $226 and $22, respectively | 949 | 1,530 |
| Operating lease liabilities | 1,646 | 848 |
| Finance leases payable | 315 | 345 |
| Promissory notes – related parties | 750 | 2,250 |
| Total current liabilities | 22,128 | 17,025 |
| Term loan – net of current liabilities | 4,706 | 1,342 |
| Operating lease liabilities – net of current | 6,642 | 2,600 |
| Finance leases payable – net of current | 960 | 1,199 |
| Total long-term liabilities | 12,308 | 5,141 |
| Total liabilities | 34,436 | 22,166 |
| Commitments and contingencies (Notes 11 and 12) | ||
| Stockholders’ Equity: | ||
| Series A Preferred stock, $0.00001 par value; 120,000 shares authorized; 23,400 issued, 0 shares outstanding | – | – |
| Series B Preferred stock, $0.00001 par value; 200,000 shares authorized; 0 and 0 issued or outstanding | – | – |
| Preferred stock, $0.00001 par value; 19,680,000 shares authorized; 0 shares issued or outstanding | – | – |
| Common stock, $0.00001 par value; 250,000,000 shares authorized; 40,880,000 and 37,826,000 shares issued as of October 31, and January 31, 2025, respectively, 40,650,000 and 37,596,000 shares outstanding as of October 31, and January 31, 2025, respectively | – | – |
| Additional paid-in capital | 46,530 | 24,882 |
| Retained earnings | 3,218 | 164 |
| Less: Treasury stock, 230,000 shares at cost | (150) | (150) |
| Total stockholders’ equity | 49,598 | 24,896 |
| Total liabilities and stockholders’ equity | $84,034 | $47,062 |