The Real Good Food Company, Inc. (RGFC) AI Stock Analysis

The Real Good Food Company, Inc., through its subsidiary, operates as a health and wellness focused frozen food company in the United States. Founded in 2016 and based in Cherry Hill, New Jersey, the company develops, manufactures, and markets foods designed to be high in protein, low in sugar, and made from gluten- and grain-free ingredients. Its comfort food offerings include bacon wrapped stuffed chicken, chicken enchiladas, grain-free cheesy bread breakfast sandwiches, and entrée bowls under the Realgood Foods Co. brand name, alongside private-label products. Products are sold through natural and conventional grocery, drug, club, and mass merchandise stores, as well as e-commerce channels.

Annual revenue expanded from $38.7M in FY2019 to $39.0M in FY2020, $84.1M in FY2021, and $141.6M in FY2022, representing a 3-year revenue CAGR of 54.0%. Annual revenue growth was 0.6% in FY2020, 115.7% in FY2021, and 68.4% in FY2022. Operating margins remained negative across all reported years, recording -22.6% in FY2019, -25.3% in FY2020, -63.2% in FY2021, and -27.1% in FY2022. Net income was -$19.5M in FY2019, -$15.6M in FY2020, -$30.6M in FY2021, and -$11.0M in FY2022. For the trailing twelve months ended September 30, 2023, revenue stood at $156.4M with quarterly revenue growth of 48.0%, an operating margin of -16.0%, and a profit margin of -9.7%.

As of September 30, 2023, The Real Good Food Company held $78,000 in cash and short-term investments against total debt of $143.6M, resulting in net debt of $143.5M. Total assets stood at $151.7M and shareholders' equity was $28.6M, yielding a debt-to-equity ratio of 5.02 and a current ratio of 1.56. Operating cash flow in FY2022 was -$57.3M and free cash flow was -$61.0M, following capital expenditures of $3.7M.

RGFC carries a market capitalization of $9.3M and an enterprise value of $527,700, trading at a price-to-sales ratio of 0.1x and an EV to revenue multiple of 0.9x. In comparison, the median of its US-listed Consumer Defensive peers features a price-to-sales multiple of 0.7x and an EV to EBITDA multiple of 11.7x. The company's price-to-book multiple is 0.0x. Over the past year, RGFC delivered a return of 757.1% and a year-to-date return of 566.7%, outperforming the S&P 500 (SPY) one-year return of 16.8%.

In terms of quarterly earnings performance, The Real Good Food Company recorded 1 EPS beat over the last 4 quarters. The company posted an EPS of -$3.75 in FY2022 and an EPS of -$1.43 in FY2021, while trailing twelve-month EPS stood at -$2648.57 as of September 30, 2023. Consensus price targets, detailed analyst ratings distributions, and upcoming earnings announcement dates are not available in current reporting records.

This page is an AI-written research summary of The Real Good Food Company, Inc. (RGFC). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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