Farmer Bros. Co. (FARM) Q3 2025 Earnings Call Transcript

Adjusted EBITDA $1.7 million, an increase of approximately $1.5 million compared to the third quarter of last year.

Gross Margin 42.1%, a year-over-year increase of 200 basis points compared to 40.1% in the third quarter of last year.

Net Sales $82.1 million, down from $85.4 million during the prior year period.

Operating Expenses $38.1 million, compared to $34.7 million in the prior year period, with a $3.4 million increase primarily driven by a $5.3 million decrease in net gains related to asset disposals.

Net Loss $5 million, compared to a $700,000 net loss in the third quarter of last year, which included a $2.4 million net loss associated with the disposal of assets.

Cash Flow from Operating Activities $1.3 million, an increase of $3.6 million compared to the same period last year.

Free Cash Flow Negative $0.7 million for the quarter, a $5 million improvement over the third quarter of last year.