SHARPE
Reported results
- Total net revenues were $43.8 million in Q3 2026, compared to $47.5 million in Q3 2025 (GAAP)
- Agribusiness revenues were $42.2 million in Q3 2026, compared to $45.9 million in Q3 2025 (GAAP)
- Non-GAAP adjusted EBITDA was $3.9 million in Q3 2026, compared to $3.0 million in Q3 2025
- Operating loss was $3.0 million in Q3 2026, compared to operating loss of $0.6 million in Q3 2025 (GAAP)
- Net loss per diluted share was $0.17 in Q3 2026, compared to $0.06 in Q3 2025 (GAAP)
- Adjusted net income per diluted share was $0.02 in Q3 2026, compared to adjusted net loss per diluted share of $0.02 in Q3 2025 (non-GAAP)
Guidance
- Fresh lemon volumes expected to be at the lower end of previously announced range of 4.0 million to 4.5 million cartons for fiscal year 2026
- Avocado volumes increased to expected range of 7.0 million to 7.25 million pounds for fiscal year 2026, compared to previous range of 5.5 million to 6.5 million pounds
- Expected to produce more than 10 million pounds of avocados in fiscal year 2027, an increase of approximately 30 percent over fiscal year 2026
- Expected to receive total proceeds of approximately $180 million from Harvest, LLCB II, LLC and East Area II spread out over seven fiscal years
- Expected sale of Windfall Farms for $15.0 million to close on September 14, 2026
- Expected monetization event tied to Colorado River water rights in fiscal year 2026
Notes
The company recorded impairment charges of approximately $13.5 million related to Windfall Farms ($9.3 million in Q2 and $4.1 million in Q3). An additional $2.0 million in insurance proceeds was confirmed on September 2, 2026, expected to be received in Q4 2026. The company transitioned its citrus brokerage operations to Sunkist during the period, which affected revenues and expenses comparability.
Price and volatility reaction
Source
The figures above come from the earnings release the company filed with the SEC on 2026-09-09 (8-K, Item 2.02). Read the original filing on sec.gov.