Arcadia Biosciences, Inc. RKDA
Arcadia has leveraged its history as a leader in science-based approaches to develop high value products and drive innovation in the consumer goods industry. Since acquiring the assets of Zola in May 2021, Arcadia has provided consumers with a way to rehydrate, reset, and reenergize with Zola coconut water products. Previously, Arcadia developed products, primarily in wheat, which it commercialized through the sale of food products, trait licensing and royalty agreements.
On May 14, 2024, Arcadia sold its non-GMO Resistant Starch ("RS") durum wheat trait to longtime partner Corteva Agriscience ("Corteva") for total cash consideration of $4.0 million. Refer to Note 11 to the consolidated financial statements for further details of the transaction.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.9M | $5.0M | $4.5M | $7.4M | $6.8M | $8.0M | $1.2M | $1.5M | $4.0M | $3.2M |
| Cost of revenue | $3.1M | $3.0M | $2.2M | $6.1M | $8.7M | $5.2M | — | — | $283.0K | $895.0K |
| Gross profit | $1.8M | $2.1M | $2.3M | $1.3M | -$1.9M | $2.8M | — | — | $3.7M | $2.3M |
| R&D | $9.0K | $53.0K | $64.0K | $1.5M | $3.9M | $8.0M | $7.1M | $6.1M | $7.4M | $8.7M |
| SG&A | $7.0M | $9.6M | $8.2M | $15.0M | $22.9M | $16.5M | $13.6M | $11.6M | $10.7M | $12.2M |
| Total operating expenses | $7.4M | $8.7M | $10.6M | $21.4M | $42.3M | $20.8M | $20.6M | $18.3M | $18.3M | $21.8M |
| Operating income | -$2.5M | -$3.6M | -$6.1M | -$14.0M | -$35.5M | -$12.8M | -$19.4M | -$16.9M | -$14.3M | -$18.6M |
| Interest expense | $221.0K | $782.0K | $695.0K | $289.0K | $20.0K | $47.0K | $5.0K | — | $747.0K | $1.3M |
| Pre-tax income | -$2.3M | -$4.3M | -$5.3M | -$10.8M | -$16.1M | -$6.2M | -$28.9M | -$13.5M | -$15.7M | -$19.6M |
| Income tax | $8.0K | $8.0K | $8.0K | $14.0K | $2.0K | $124.0K | $2.0K | $10.0K | $26.0K | $25.0K |
| Net income | -$2.3M | -$7.0M | -$14.0M | -$15.4M | -$14.7M | -$4.7M | -$28.8M | -$13.5M | -$15.7M | -$19.6M |
| EPS, basic | -1.71 | -5.17 | -11.29 | -25.65 | -27.56 | — | — | — | — | — |
| EPS, diluted | -1.71 | -5.17 | -11.29 | -25.65 | -27.56 | -0.47 | -4.53 | -3.58 | -7.28 | -8.85 |
| Shares, diluted (wtd. avg.) | 1.4M | 1.4M | 1.2M | 599,389 | 532,016 | — | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $259.0K | $4.2M | $6.5M | $20.6M | $28.7M | $14.0M | $8.4M | $12.0M | $9.1M | $2.0M |
| Short-term investments | $4.3M | $0 | $5.1M | $0 | — | $11.6M | $16.9M | $9.8M | $3.9M | $48.5M |
| Receivables | — | — | — | — | $1.4M | $1.4M | $602.0K | $165.0K | $1.2M | $349.0K |
| Inventory | $1.2M | $904.0K | $837.0K | $2.3M | $4.4M | $3.8M | $1.8M | $181.0K | $229.0K | $252.0K |
| Total current assets | $6.4M | $9.2M | $15.0M | $25.4M | $35.4M | $31.7M | $28.4M | $22.9M | $15.0M | $52.2M |
| Property, plant and equipment | $8.0K | $41.0K | $70.0K | $680.0K | $2.3M | $3.5M | $1.8M | $395.0K | $299.0K | $508.0K |
| Goodwill | — | — | — | — | — | $408.0K | — | — | — | — |
| Other intangibles | $39.0K | $39.0K | $39.0K | $40.0K | $484.0K | $370.0K | — | — | — | — |
| Total assets | $6.5M | $13.5M | $19.7M | $28.9M | $43.9M | $47.3M | $32.6M | $24.0M | $16.6M | $56.6M |
| Accounts payable | $1.8M | $2.1M | $1.9M | $2.9M | $3.6M | $4.1M | $4.7M | $2.6M | $2.5M | $2.4M |
| Short-term debt | — | — | — | — | $0 | $1.1M | $24.0K | — | — | $0 |
| Total current liabilities | $2.1M | $2.6M | $3.6M | $4.2M | $5.0M | $6.3M | $5.7M | $3.1M | $3.5M | $3.1M |
| Long-term debt | — | — | — | — | $0 | $2.1M | $107.0K | $0 | $0 | $25.1M |
| Total liabilities | $2.4M | $7.3M | $7.0M | $8.0M | $12.7M | $18.8M | $24.2M | $11.2M | $8.6M | $34.4M |
| Retained earnings | -$281.2M | -$278.9M | -$271.8M | -$257.9M | -$226.5M | -$211.8M | -$207.2M | -$178.4M | -$167.3M | -$151.6M |
| Total equity | $4.1M | $6.2M | $12.7M | $20.9M | $31.2M | $28.6M | $8.3M | $12.8M | $8.0M | $22.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$4.7M | -$9.6M | -$15.3M | -$14.0M | -$25.9M | -$30.2M | -$17.2M | -$13.6M | -$14.0M | -$17.1M |
| Depreciation and amortisation | $32.0K | $58.0K | $111.0K | $439.0K | $929.0K | $632.0K | $194.0K | $154.0K | $279.0K | — |
| Stock-based compensation | $234.0K | $512.0K | $717.0K | $1.1M | $1.5M | $2.0M | $2.3M | $1.6M | $1.5M | $1.1M |
| Capital expenditure | $0 | $16.0K | $5.0K | $72.0K | $1.0M | $2.3M | $1.5M | $250.0K | $79.0K | $231.0K |
| Investing cash flow | $750.0K | $7.3M | -$4.3M | $1.4M | $16.6M | $17.3M | -$8.4M | -$6.0M | $47.2M | -$5.3M |
| Financing cash flow | $6.0K | $9.0K | $5.5M | $4.5M | $21.9M | $20.6M | $22.0M | $22.5M | -$26.1M | $396.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-342437.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.2M | $4.0M | $1.5M | $1.2M | $8.0M | $6.8M | $7.4M | $4.5M | $5.0M | $4.9M |
| Gross profit | $2.3M | $3.7M | — | — | $2.8M | -$1.9M | $1.3M | $2.3M | $2.1M | $1.8M |
| Net income | -$19.6M | -$15.7M | -$13.5M | -$28.8M | -$4.7M | -$14.7M | -$15.4M | -$14.0M | -$7.0M | -$2.3M |
Recent filings and events
- Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Delisting notice Item 3.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Director nominations Dates and mechanics for shareholders proposing directors. Item 5.08
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced Item 2.02
- Auditor changed The company changed auditors. Sometimes routine; historically one of the more reliable warnings that something is wrong. Item 4.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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