Sow Good (SOWG)
Market Price (6/23/2026): $2.86 | Market Cap: $57.5 MilSector: Consumer Staples | Industry: Packaged Foods & Meats
Sow Good (SOWG)
Market Price (6/23/2026): $2.86Market Cap: $57.5 MilSector: Consumer StaplesIndustry: Packaged Foods & Meats
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 78% Megatrend and thematic driversMegatrends include Health & Wellness Trends, and Vegan & Alternative Foods. Themes include Organic & Natural Products, Functional Foods & Beverages, Show more. | Weak multi-year price returns2Y Excs Rtn is -137%, 3Y Excs Rtn is -168% | Very low revenueRev LTMTotal Revenue or Sales, Last Twelve Months is -2.5 Mil Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -5.9 Mil Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -70% High stock price volatilityVol 12M is 151% Key risksSOWG key risks include [1] a dramatic collapse in revenue and a shift to negative gross margins, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 78% |
| Megatrend and thematic driversMegatrends include Health & Wellness Trends, and Vegan & Alternative Foods. Themes include Organic & Natural Products, Functional Foods & Beverages, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -137%, 3Y Excs Rtn is -168% |
| Very low revenueRev LTMTotal Revenue or Sales, Last Twelve Months is -2.5 Mil |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -5.9 Mil |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -70% |
| High stock price volatilityVol 12M is 151% |
| Key risksSOWG key risks include [1] a dramatic collapse in revenue and a shift to negative gross margins, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Updated on 6/22/2026
Sow Good (SOWG) stock has lost about 55% since 2/28/2026 because of the following key factors:
1. Significant Financial Deterioration and Costly Business Model Transition.
Sow Good reported a substantial net loss of $40.64 million for fiscal year 2025, up from $3.7 million in fiscal year 2024, reflecting a severe decline in its financial performance. The company’s revenue for fiscal Q4 2025 also plummeted by 525.32% compared to the prior year. A strategic pivot to an "asset-light distributor model" involved selling manufacturing assets with an aggregate net book value of approximately $10.8 million for only $1.5 million to a related party, Trea Grove, LLC, resulting in a significant asset write-down. Under this new model, Sow Good now earns a mere 10% commission on gross receipts from sales, effectively shifting operational risk and substantially reducing its direct revenue generation capacity from its core freeze-dried candy business.
2. Nasdaq Delisting Concerns and Reverse Stock Split.
The company's stock price fell below Nasdaq's minimum bid price requirement, necessitating a 15-to-1 reverse stock split, which became effective on April 24, 2026. This action, often perceived negatively by investors, aimed to artificially inflate the share price to maintain its listing. Compounding these concerns, in April 2026, Sow Good also received a notice of non-compliance with Nasdaq Listing Rule 5550(b)(1) for failing to maintain a minimum of $2.5 million in stockholders' equity, requiring the submission of a compliance plan by May 22, 2026. These compliance issues collectively signaled significant financial instability and increased the risk of delisting, eroding investor confidence.
Show more
Sow Good (SOWG) stock has lost about 55% since 2/28/2026 because of the following key factors:
1. Significant Financial Deterioration and Costly Business Model Transition.
Sow Good reported a substantial net loss of $40.64 million for fiscal year 2025, up from $3.7 million in fiscal year 2024, reflecting a severe decline in its financial performance. The company’s revenue for fiscal Q4 2025 also plummeted by 525.32% compared to the prior year. A strategic pivot to an "asset-light distributor model" involved selling manufacturing assets with an aggregate net book value of approximately $10.8 million for only $1.5 million to a related party, Trea Grove, LLC, resulting in a significant asset write-down. Under this new model, Sow Good now earns a mere 10% commission on gross receipts from sales, effectively shifting operational risk and substantially reducing its direct revenue generation capacity from its core freeze-dried candy business.
2. Nasdaq Delisting Concerns and Reverse Stock Split.
The company's stock price fell below Nasdaq's minimum bid price requirement, necessitating a 15-to-1 reverse stock split, which became effective on April 24, 2026. This action, often perceived negatively by investors, aimed to artificially inflate the share price to maintain its listing. Compounding these concerns, in April 2026, Sow Good also received a notice of non-compliance with Nasdaq Listing Rule 5550(b)(1) for failing to maintain a minimum of $2.5 million in stockholders' equity, requiring the submission of a compliance plan by May 22, 2026. These compliance issues collectively signaled significant financial instability and increased the risk of delisting, eroding investor confidence.
Show more
Updated on 6/22/2026
Sow Good (SOWG) stock has lost about 55% since 2/28/2026 because of the following key factors:
1. Significant Financial Deterioration and Costly Business Model Transition.
Sow Good reported a substantial net loss of $40.64 million for fiscal year 2025, up from $3.7 million in fiscal year 2024, reflecting a severe decline in its financial performance. The company’s revenue for fiscal Q4 2025 also plummeted by 525.32% compared to the prior year. A strategic pivot to an "asset-light distributor model" involved selling manufacturing assets with an aggregate net book value of approximately $10.8 million for only $1.5 million to a related party, Trea Grove, LLC, resulting in a significant asset write-down. Under this new model, Sow Good now earns a mere 10% commission on gross receipts from sales, effectively shifting operational risk and substantially reducing its direct revenue generation capacity from its core freeze-dried candy business.
2. Nasdaq Delisting Concerns and Reverse Stock Split.
The company's stock price fell below Nasdaq's minimum bid price requirement, necessitating a 15-to-1 reverse stock split, which became effective on April 24, 2026. This action, often perceived negatively by investors, aimed to artificially inflate the share price to maintain its listing. Compounding these concerns, in April 2026, Sow Good also received a notice of non-compliance with Nasdaq Listing Rule 5550(b)(1) for failing to maintain a minimum of $2.5 million in stockholders' equity, requiring the submission of a compliance plan by May 22, 2026. These compliance issues collectively signaled significant financial instability and increased the risk of delisting, eroding investor confidence.
3. Dilutive Financing Activities and Market Skepticism on Strategic Pivot.
Sow Good engaged in multiple capital-raising efforts, including securing a $20 million non-convertible private placement credit facility in May 2026 and filing a prospectus for an at-the-market (ATM) offering of up to $100 million of common stock in April 2026. The significant volume of these financing activities, particularly the potentially dilutive ATM offering, suggested an urgent need for capital, likely to fund its unproven pivot into critical minerals. Despite the non-dilutive nature of the credit facility, the stock price fell 14.5% following its announcement, indicating market skepticism regarding the company's ability to successfully execute its new strategy and manage its debt.
4. Drastic Strategic Shift and Leadership Instability.
Sow Good announced a transformative acquisition of the Nachu Graphite Project in Tanzania, aiming to transition from a freeze-dried candy manufacturer to a critical minerals and battery anode developer. This drastic pivot into an entirely different industry created substantial uncertainty among investors regarding the company's long-term vision, capabilities, and execution risk. Concurrently, on March 31, 2026, the company experienced a significant leadership upheaval with the resignation of its CEO, CFO, and five directors, followed by the appointment of a new CEO and CFO, Yisroel Goldberg. Such extensive changes at the executive and board levels during a period of major strategic realignment likely intensified investor concerns about stability and effective governance.
Show less
Sow Good (SOWG) stock has lost about 55% since 2/28/2026 because of the following key factors:
1. Significant Financial Deterioration and Costly Business Model Transition.
Sow Good reported a substantial net loss of $40.64 million for fiscal year 2025, up from $3.7 million in fiscal year 2024, reflecting a severe decline in its financial performance. The company’s revenue for fiscal Q4 2025 also plummeted by 525.32% compared to the prior year. A strategic pivot to an "asset-light distributor model" involved selling manufacturing assets with an aggregate net book value of approximately $10.8 million for only $1.5 million to a related party, Trea Grove, LLC, resulting in a significant asset write-down. Under this new model, Sow Good now earns a mere 10% commission on gross receipts from sales, effectively shifting operational risk and substantially reducing its direct revenue generation capacity from its core freeze-dried candy business.
2. Nasdaq Delisting Concerns and Reverse Stock Split.
The company's stock price fell below Nasdaq's minimum bid price requirement, necessitating a 15-to-1 reverse stock split, which became effective on April 24, 2026. This action, often perceived negatively by investors, aimed to artificially inflate the share price to maintain its listing. Compounding these concerns, in April 2026, Sow Good also received a notice of non-compliance with Nasdaq Listing Rule 5550(b)(1) for failing to maintain a minimum of $2.5 million in stockholders' equity, requiring the submission of a compliance plan by May 22, 2026. These compliance issues collectively signaled significant financial instability and increased the risk of delisting, eroding investor confidence.
3. Dilutive Financing Activities and Market Skepticism on Strategic Pivot.
Sow Good engaged in multiple capital-raising efforts, including securing a $20 million non-convertible private placement credit facility in May 2026 and filing a prospectus for an at-the-market (ATM) offering of up to $100 million of common stock in April 2026. The significant volume of these financing activities, particularly the potentially dilutive ATM offering, suggested an urgent need for capital, likely to fund its unproven pivot into critical minerals. Despite the non-dilutive nature of the credit facility, the stock price fell 14.5% following its announcement, indicating market skepticism regarding the company's ability to successfully execute its new strategy and manage its debt.
4. Drastic Strategic Shift and Leadership Instability.
Sow Good announced a transformative acquisition of the Nachu Graphite Project in Tanzania, aiming to transition from a freeze-dried candy manufacturer to a critical minerals and battery anode developer. This drastic pivot into an entirely different industry created substantial uncertainty among investors regarding the company's long-term vision, capabilities, and execution risk. Concurrently, on March 31, 2026, the company experienced a significant leadership upheaval with the resignation of its CEO, CFO, and five directors, followed by the appointment of a new CEO and CFO, Yisroel Goldberg. Such extensive changes at the executive and board levels during a period of major strategic realignment likely intensified investor concerns about stability and effective governance.
Show less
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Stock Movement Drivers
Fundamental Drivers
The -54.2% change in SOWG stock from 2/28/2026 to 6/22/2026 was primarily driven by a -96.0% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 2282026 | 6222026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.75 | 3.09 | -54.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | -27 | -2 | -90.9% |
| P/S Multiple | -0.2 | -25.1 | 12331.7% |
| Shares Outstanding (Mil) | 1 | 20 | -96.0% |
| Cumulative Contribution | -54.2% |
Market Drivers
2/28/2026 to 6/22/2026| Return | Correlation | |
|---|---|---|
| SOWG | -54.2% | |
| Market (SPY) | 8.8% | -1.4% |
| Sector (XLP) | -8.2% | -4.5% |
Fundamental Drivers
The -65.9% change in SOWG stock from 11/30/2025 to 6/22/2026 was primarily driven by a -96.0% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 11302025 | 6222026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.06 | 3.09 | -65.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | -27 | -2 | -90.9% |
| P/S Multiple | -0.3 | -25.1 | 9162.0% |
| Shares Outstanding (Mil) | 1 | 20 | -96.0% |
| Cumulative Contribution | -65.9% |
Market Drivers
11/30/2025 to 6/22/2026| Return | Correlation | |
|---|---|---|
| SOWG | -65.9% | |
| Market (SPY) | 9.5% | 8.4% |
| Sector (XLP) | 5.0% | -2.1% |
Fundamental Drivers
The -72.3% change in SOWG stock from 5/31/2025 to 6/22/2026 was primarily driven by a -96.2% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 5312025 | 6222026 | Change |
|---|---|---|---|
| Stock Price ($) | 11.16 | 3.09 | -72.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | -11 | -2 | -78.3% |
| P/S Multiple | -0.7 | -25.1 | 3290.2% |
| Shares Outstanding (Mil) | 1 | 20 | -96.2% |
| Cumulative Contribution | -72.3% |
Market Drivers
5/31/2025 to 6/22/2026| Return | Correlation | |
|---|---|---|
| SOWG | -72.3% | |
| Market (SPY) | 27.7% | 8.9% |
| Sector (XLP) | 2.0% | -0.1% |
Fundamental Drivers
The -96.6% change in SOWG stock from 5/31/2023 to 6/22/2026 was primarily driven by a -528.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 5312023 | 6222026 | Change |
|---|---|---|---|
| Stock Price ($) | 90.75 | 3.09 | -96.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1 | -2 | -528.0% |
| P/S Multiple | 50.7 | -25.1 | -149.5% |
| Shares Outstanding (Mil) | 0 | 20 | -98.4% |
| Cumulative Contribution | -96.6% |
Market Drivers
5/31/2023 to 6/22/2026| Return | Correlation | |
|---|---|---|
| SOWG | -96.6% | |
| Market (SPY) | 85.1% | 11.5% |
| Sector (XLP) | 22.7% | 2.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| SOWG Return | -39% | 11% | 302% | -80% | -83% | -25% | -93% |
| Peers Return | 21% | 18% | -24% | 3% | 11% | 7% | 34% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 100% |
Monthly Win Rates [3] | |||||||
| SOWG Win Rate | 50% | 50% | 75% | 42% | 42% | 33% | |
| Peers Win Rate | 60% | 58% | 30% | 43% | 42% | 50% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| SOWG Max Drawdown | -69% | -57% | -50% | -91% | -91% | -92% | |
| Peers Max Drawdown | -11% | -14% | -30% | -30% | -25% | -26% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: BOF, MDLZ, HSY, GIS, SJM.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/22/2026 (YTD)
How Low Can It Go
| Event | SOWG | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -31.9% | -24.5% |
| % Gain to Breakeven | 46.8% | 32.4% |
| Time to Breakeven | 55 days | 427 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -79.5% | -3.7% |
| % Gain to Breakeven | 387.8% | 3.9% |
| Time to Breakeven | 988 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -80.0% | -12.2% |
| % Gain to Breakeven | 399.7% | 13.9% |
| Time to Breakeven | 1528 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -94.6% | -6.8% |
| % Gain to Breakeven | 1750.0% | 7.3% |
| Time to Breakeven | 1528 days | 15 days |
| 2013 Taper Tantrum | ||
| % Loss | -14.3% | -0.2% |
| % Gain to Breakeven | 16.7% | 0.2% |
| Time to Breakeven | 9 days | 1 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -20.0% | -17.9% |
| % Gain to Breakeven | 25.0% | 21.8% |
| Time to Breakeven | 10 days | 123 days |
In The Past
Sow Good's stock fell 0.0% during the Summer-Fall 2023 Five Percent Yield Shock. Such a loss loss requires a 0.0% gain to breakeven.
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Asset Allocation
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| Event | SOWG | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -31.9% | -24.5% |
| % Gain to Breakeven | 46.8% | 32.4% |
| Time to Breakeven | 55 days | 427 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -79.5% | -3.7% |
| % Gain to Breakeven | 387.8% | 3.9% |
| Time to Breakeven | 988 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -80.0% | -12.2% |
| % Gain to Breakeven | 399.7% | 13.9% |
| Time to Breakeven | 1528 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -94.6% | -6.8% |
| % Gain to Breakeven | 1750.0% | 7.3% |
| Time to Breakeven | 1528 days | 15 days |
In The Past
Sow Good's stock fell 0.0% during the Summer-Fall 2023 Five Percent Yield Shock. Such a loss loss requires a 0.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Sow Good (SOWG)
Sow Good Inc. (SOWG) is a consumer goods company that specializes in producing and marketing a variety of freeze-dried food products. The company focuses on offering convenient, shelf-stable, and nutrient-rich options, leveraging the freeze-drying process to preserve freshness and nutritional value across its product lines.
The company's main product offerings include freeze-dried snacks, smoothies, soups, and granola. These products are sold under its two primary brands: Sow Good and Sustain Us, catering to consumers seeking healthy and easy-to-prepare food solutions for various occasions.
Sow Good serves its customer base through a dual sales channel strategy. It operates a direct-to-consumer focused website, allowing individual customers to purchase products directly. Additionally, the company engages in business-to-business (B2B) sales, likely targeting retailers or other commercial partners. Its primary market for these freeze-dried goods is within the United States.
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Here are 1-3 brief analogies for Sow Good (SOWG):
- The Kind Snacks of freeze-dried foods.
- A specialized Clif Bar for the freeze-dried snack and meal market.
AI Analysis | Feedback
- Freeze-dried snacks: The company offers various freeze-dried food items designed for snacking.
- Smoothies: Sow Good provides smoothies, likely in a freeze-dried or powdered form for convenience.
- Soups: The company offers different soup products, likely in a ready-to-prepare freeze-dried format.
- Granola: Sow Good produces granola, a breakfast and snack food typically made from oats, nuts, and sweeteners.
AI Analysis | Feedback
Sow Good (SOWG) markets its products through a "direct-to-consumer focused website" and a "business-to-business sales channel." Based on the emphasis given to its direct-to-consumer focused website, it is inferred that the company primarily serves individual customers. Therefore, the major customer categories are described below:
Categories of Individual Customers:
- Health-Conscious Consumers: Individuals who prioritize nutritious, clean-label, and often plant-based food options for maintaining a healthy lifestyle. This includes those seeking wholesome ingredients in their snacks, smoothies, and meals.
- Convenience-Oriented Consumers: Customers, such as busy professionals, students, or active individuals, who seek quick, easy-to-prepare, and portable meals or snacks that offer nutritional value without extensive preparation time.
- Outdoor Enthusiasts & Emergency Preparedness: Consumers who value the lightweight, extended shelf-life, and nutritional density of freeze-dried products for activities like camping, hiking, or for inclusion in emergency food supplies.
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David Lazar, Chief Executive Officer
David Lazar was appointed Chief Executive Officer and Chair of the Board of Sow Good Inc. effective December 31, 2025. He also serves as CEO and Chairman of Kala Bio Inc. Mr. Lazar significantly invested in Sow Good, providing $6.0 million through a private placement.
Donna Guy, Chief Financial Officer
Donna Guy was appointed Chief Financial Officer of Sow Good Inc. effective June 5, 2025. She brings over 25 years of experience in financial leadership from both public and private companies. Prior to joining Sow Good, she was the principal consultant and founder of Elevation Accounting & Finance LLC, where she advised organizations on accounting operations, SEC reporting, system implementations, and process optimization since 2021. Ms. Guy previously consulted with Sow Good Inc. on accounting and reporting requirements, providing her with a deep understanding of the company's operations and strategic goals. Her past roles include controller and interim CFO at ADDvantage Technologies Group Inc. (2020–2021) and senior director of financial planning & analysis at Basic Energy Services (2016–2020). She also held senior roles in SEC reporting and accounting at Enduro Resource Partners and XTO Energy. Ms. Guy is a licensed CPA and a U.S. Air Force veteran.
Claudia Goldfarb, Chief Operating Officer
Claudia Goldfarb is the Co-founder of Sow Good Inc. She stepped down as Chief Executive Officer and assumed the role of Chief Operating Officer, remaining a member of the Board, effective December 31, 2025. Previously, she served as President of Prairie Dog Pet Products, LLC from 2016 to 2020 and COO from 2012 to 2016, where she managed four food manufacturing facilities. Ms. Goldfarb has a strong background in product research and development, having successfully launched over 200 unique products. She also served as COO of PGT Holdings, a pet apparel company, from 2010-2012.
Ira Goldfarb, Co-Founder
Ira Goldfarb is the Co-Founder of Sow Good Inc. He resigned as Executive Chairman and Chair of the Board effective December 31, 2025. Mr. Goldfarb founded Prairie Dog Pet Products, LLC in 2012, serving as CEO until 2020 when he sold the company to Kinderhook Industries. He was also CEO of PGT Holdings from 2010-2012 and founder and CEO of DS Retail Holdings, LLC from 2006 until 2013. Mr. Goldfarb has extensive experience, spanning over 30 years in the retail and manufacturing industries, and has founded, developed, and sold numerous companies to public and private groups.
Yisroel Goldberg, Chief Commercial Officer
Yisroel Goldberg serves as the Chief Commercial Officer of Sow Good Inc.
AI Analysis | Feedback
For Sow Good (SOWG), the key risks to the business include intense competition, significant financial losses and liquidity concerns, and challenges in operational execution.
Here are the key risks to Sow Good:
1. **Intense Competition and Market Share Loss:** Sow Good operates in a market with heightened competition, including the entry of large market players and major global candy brands into the freeze-dried candy sector. This has resulted in a substantial decline in Sow Good's revenue and a shift to negative gross margins, indicating vulnerability to market share erosion.
2. **Financial Performance and Liquidity Concerns:** The company has reported significant year-over-year revenue declines, substantial net losses, and negative gross profits in recent quarters. Sow Good has a negative cash balance and has undertaken measures such as private placements and asset sales to manage its financial position and liquidity. Furthermore, the company's Altman Z-Score of -4.03 suggests an increased risk of bankruptcy.
3. **Operational Execution and Efficiency:** Sow Good has faced operational hurdles, including past production delays and product integrity issues. While the company is actively implementing strategies to optimize its cost structure, reduce its facility footprint, and streamline operations, these efforts highlight ongoing challenges in achieving consistent operational efficiency. The potential for supply chain disruptions, transportation issues, and increases in labor and raw material costs also pose ongoing operational risks.
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The addressable markets for Sow Good Inc.'s main products in the United States are as follows:
- Freeze-Dried Snacks: The U.S. freeze-dried food market revenue was approximately $15.76 billion in 2024 and is projected to reach around $53.11 billion by 2033, with a compound annual growth rate (CAGR) of 15.21% from 2025 to 2033.
- Smoothies: The U.S. smoothies market generated approximately $5.07 billion in revenue in 2023 and is anticipated to reach $8.18 billion by 2030, growing at a CAGR of 7.1% from 2024 to 2030.
- Soups: The United States soup market was valued at about $5.03 billion in 2024 and is expected to reach approximately $6.94 billion in 2033, exhibiting a CAGR of 3.6% between 2025 and 2033.
- Granola: The global granola market was valued at $4.0 billion in 2024. North America is a dominant region, holding over 46% of the total market share in 2022 and projected to command 37.2% of the global market in 2024. Based on these figures, the North American granola market in 2024 would be approximately $1.49 billion.
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For Sow Good (SOWG), the following are expected drivers of future revenue growth over the next 2-3 years:
- Expansion of Product Portfolio and New Category Entry: Sow Good is actively expanding its product offerings beyond its current range. This includes the recent launch of Freeze Dried Caramel and Raw Caramel, as well as new seasonal SKUs planned for the end of Q2 2025. The company also has confirmed plans to launch freeze-dried yogurt snacks and beef jerky in the second half of 2025. Furthermore, Sow Good is exploring private-label opportunities, including potential extensions into freeze-dried yogurt melts and other innovative formats, and investigating air-dried and freeze-dried meat products and ready-to-eat meals. The introduction of its Caramel Crunch product, made with proprietary long-cycle freeze-drying technology and no artificial dyes or flavors, represents a push into new retail categories.
- Broadened Retail Distribution and Strategic Partnerships: The company is significantly expanding its presence in national retail chains. Sow Good has secured a private-label partnership with a 600-store national retail chain for its Caramel Crunch product, with shipments scheduled for April 2026. Additionally, two new flavor launches with Albertsons Companies are planned for the summer of 2026, which will be featured in Sow Good-branded displays and represent the company's largest national rollouts to date. These initiatives build on existing and expanding partnerships with retailers like Five Below.
- International Market Penetration: Sow Good is focused on expanding its geographical reach. The company is actively growing its international presence, specifically targeting the Middle East and Europe. International distribution partners are also substantially increasing influencer and retailer marketing partnerships for 2026 to support the Sow Good brand. The company has already seen promising growth in the Middle East and successfully entered the UAE market.
- Enhanced Production Capacity and Operational Efficiency: To support increased demand and growth, Sow Good has been and continues to invest in its production capabilities and streamline operations. This includes plans to complete additional freeze dryers by Q3 2024 and scale international co-manufacturing. The company is also implementing automation upgrades, such as custom packaging machines, to reduce labor costs and improve efficiency. Furthermore, Sow Good has transitioned to a more asset-light operating model and completed lease amendments and payroll optimization, resulting in over $5 million in annualized savings and a more agile platform ready to scale efficiently.
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Capital Allocation Decisions for Sow Good (SOWG) Over the Last 3-5 Years
Share Repurchases
There is no readily available public information indicating that Sow Good has undertaken share repurchases or authorized future share repurchase programs within the last 3-5 years.Share Issuance
- On July 7, 2021, Sow Good completed a private placement, issuing 714,701 shares and raising over $3.0 million.
- In April 2024, Sow Good announced a proposed underwritten public offering with expected gross proceeds of approximately $15 million, which was followed by a Nasdaq uplisting and pricing of a $12 million public offering in May 2024.
- As of December 31, 2025, Sow Good secured a $6.0 million private placement from investor David Lazar, involving the issuance of Series AA and Series AAA Convertible Non-Redeemable Preferred Stock, with the first $3.0 million tranche closed and the second expected by March 31, 2026.
Inbound Investments
- Sow Good completed a private placement of over $3.0 million in July 2021, with participation from its CEO, Executive Chairman, CFO, other board members, and accredited investors.
- The company received a $3.7 million private placement in March 2024.
- A significant inbound investment occurred on December 31, 2025, with a $6.0 million private placement from investor David Lazar, structured in two $3.0 million tranches of convertible preferred stock.
Outbound Investments
- On January 6, 2026, Sow Good sold a substantial portion of its freeze-dried snacks and candy business assets to Trea Grove, LLC for $1.5 million.
Capital Expenditures
- Sow Good reported capital expenditures of -$1.49 million in the last 12 months prior to March 2026.
- The company has constructed a 20,945 square foot freeze-drying facility in Irving, Texas.
- Proceeds from a proposed public offering in April 2024 were intended to be used for general corporate purposes, which may include capital expenditures for the expansion of production capacity.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Sow Good Earnings Notes | 12/16/2025 | |
| Sow Good Stock Drop Looks Sharp, But How Deep Can It Go? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 46.42 |
| Mkt Cap | 14.7 |
| Rev LTM | 10,521 |
| Op Inc LTM | 1,533 |
| FCF LTM | 1,403 |
| FCF 3Y Avg | 1,270 |
| CFO LTM | 1,850 |
| CFO 3Y Avg | 1,793 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 9.6% |
| Rev Chg 3Y Avg | 5.1% |
| Rev Chg Q | 5.8% |
| QoQ Delta Rev Chg LTM | 0.7% |
| Op Inc Chg LTM | -21.2% |
| Op Inc Chg 3Y Avg | -5.7% |
| Op Mgn LTM | 14.4% |
| Op Mgn 3Y Avg | 17.0% |
| QoQ Delta Op Mgn LTM | 0.3% |
| CFO/Rev LTM | 12.1% |
| CFO/Rev 3Y Avg | 14.7% |
| FCF/Rev LTM | 9.0% |
| FCF/Rev 3Y Avg | 10.0% |
Price Behavior
Price Behavior
| Market Price | $3.09 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 07/01/2010 | |
| Distance from 52W High | -86.7% | |
| 50 Days | 200 Days | |
| DMA Price | $2.22 | $7.42 |
| DMA Trend | down | down |
| Distance from DMA | 39.4% | -58.4% |
| 3M | 1YR | |
| Volatility | 180.5% | 151.9% |
| Downside Capture | 452.64 | 330.73 |
| Upside Capture | -47.69 | 85.98 |
| Correlation (SPY) | 2.3% | 9.4% |
SOWG Betas & Captures as of 5/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -2.96 | -0.46 | -0.61 | 0.91 | 1.15 | 1.00 |
| Up Beta | -11.26 | -5.26 | -3.07 | -1.85 | -1.72 | -0.05 |
| Down Beta | -7.06 | -1.48 | 0.61 | 1.83 | 1.37 | 1.73 |
| Up Capture | -50% | -209% | -177% | -50% | 32% | 10% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 9 | 18 | 27 | 56 | 111 | 278 |
| Down Capture | 134% | 1157% | 308% | 277% | 204% | 113% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 10 | 22 | 34 | 66 | 134 | 353 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SOWG | |
|---|---|---|---|---|
| SOWG | -75.2% | 151.4% | -0.21 | - |
| Sector ETF (XLP) | 5.0% | 13.1% | 0.12 | -0.1% |
| Equity (SPY) | 26.1% | 12.4% | 1.59 | 9.8% |
| Gold (GLD) | 24.1% | 27.5% | 0.77 | -0.3% |
| Commodities (DBC) | 18.5% | 18.8% | 0.77 | -1.1% |
| Real Estate (VNQ) | 11.8% | 13.8% | 0.57 | 3.2% |
| Bitcoin (BTCUSD) | -40.2% | 42.5% | -1.09 | 15.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SOWG | |
|---|---|---|---|---|
| SOWG | -54.0% | 158.3% | -0.05 | - |
| Sector ETF (XLP) | 5.7% | 13.4% | 0.22 | 5.4% |
| Equity (SPY) | 13.4% | 17.1% | 0.61 | 11.6% |
| Gold (GLD) | 17.1% | 18.3% | 0.76 | 7.7% |
| Commodities (DBC) | 7.5% | 19.4% | 0.28 | 6.3% |
| Real Estate (VNQ) | 2.1% | 18.9% | 0.01 | 10.7% |
| Bitcoin (BTCUSD) | 9.4% | 54.1% | 0.37 | 7.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SOWG | |
|---|---|---|---|---|
| SOWG | -39.7% | 199.5% | 0.51 | - |
| Sector ETF (XLP) | 7.1% | 14.8% | 0.35 | 3.6% |
| Equity (SPY) | 15.4% | 18.0% | 0.73 | 7.5% |
| Gold (GLD) | 12.2% | 16.1% | 0.62 | 3.1% |
| Commodities (DBC) | 6.0% | 18.0% | 0.26 | 5.2% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.23 | 4.1% |
| Bitcoin (BTCUSD) | 59.9% | 66.8% | 1.00 | 8.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/2/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/14/2025 | -2.4% | 18.7% | -7.2% |
| 8/14/2025 | -19.4% | -37.4% | -11.3% |
| 11/14/2024 | -56.8% | -63.2% | -72.5% |
| 8/14/2024 | -34.8% | -27.1% | -46.9% |
| 5/15/2024 | 41.9% | 65.8% | 92.1% |
| 3/22/2024 | -6.8% | 27.6% | 65.7% |
| 1/16/2024 | -8.3% | -11.1% | -16.7% |
| 11/14/2023 | 45.4% | 25.5% | 45.4% |
| SUMMARY STATS | |||
| # Positive | 2 | 4 | 3 |
| # Negative | 6 | 4 | 5 |
| Median Positive | 43.6% | 26.6% | 65.7% |
| Median Negative | -13.9% | -32.3% | -16.7% |
| Max Positive | 45.4% | 65.8% | 92.1% |
| Max Negative | -56.8% | -63.2% | -72.5% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/14/2025 | -2.4% | 18.7% | -7.2% |
| 8/14/2025 | -19.4% | -37.4% | -11.3% |
| 11/14/2024 | -56.8% | -63.2% | -72.5% |
| 8/14/2024 | -34.8% | -27.1% | -46.9% |
| 5/15/2024 | 41.9% | 65.8% | 92.1% |
| 3/22/2024 | -6.8% | 27.6% | 65.7% |
| 1/16/2024 | -8.3% | -11.1% | -16.7% |
| 11/14/2023 | 45.4% | 25.5% | 45.4% |
| SUMMARY STATS | |||
| # Positive | 2 | 4 | 3 |
| # Negative | 6 | 4 | 5 |
| Median Positive | 43.6% | 26.6% | 65.7% |
| Median Negative | -13.9% | -32.3% | -16.7% |
| Max Positive | 45.4% | 65.8% | 92.1% |
| Max Negative | -56.8% | -63.2% | -72.5% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/20/2026 | 10-Q |
| 12/31/2025 | 03/31/2026 | 10-K |
| 09/30/2025 | 11/14/2025 | 10-Q |
| 06/30/2025 | 08/14/2025 | 10-Q |
| 03/31/2025 | 05/14/2025 | 10-Q |
| 12/31/2024 | 03/27/2025 | 10-K |
| 09/30/2024 | 11/14/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/15/2024 | 10-Q |
| 12/31/2023 | 03/22/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/22/2023 | 10-Q |
| 12/31/2022 | 04/14/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 08/15/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/20/2026 | 10-Q |
| 12/31/2025 | 03/31/2026 | 10-K |
| 09/30/2025 | 11/14/2025 | 10-Q |
| 06/30/2025 | 08/14/2025 | 10-Q |
| 03/31/2025 | 05/14/2025 | 10-Q |
| 12/31/2024 | 03/27/2025 | 10-K |
| 09/30/2024 | 11/14/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/15/2024 | 10-Q |
| 12/31/2023 | 03/22/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/22/2023 | 10-Q |
| 12/31/2022 | 04/14/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 08/15/2022 | 10-Q |
| 03/31/2022 | 05/13/2022 | 10-Q |
| 12/31/2021 | 03/29/2022 | 10-K |
| 09/30/2021 | 11/15/2021 | 10-Q |
| 06/30/2021 | 08/16/2021 | 10-Q |
| 03/31/2021 | 05/13/2021 | 10-Q |
| 12/31/2020 | 03/31/2021 | 10-K |
| 09/30/2020 | 11/12/2020 | 10-Q |
| 06/30/2020 | 08/11/2020 | 10-Q |
| 03/31/2020 | 05/15/2020 | 10-Q |
| 12/31/2019 | 03/25/2020 | 10-K |
| 09/30/2019 | 11/14/2019 | 10-Q |
| 06/30/2019 | 08/19/2019 | 10-Q |
Industry Resources
| Consumer Staples Resources |
| FoodNavigator |
| Consumer Goods Technology (CGT) |
| Beverage Digest |
| Packaged Foods & Meats Resources |
| USDA Data |
| Food Processing |
| Meat+Poultry |
| Just Food |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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