Arcadia Biosciences Inc logo

Arcadia Biosciences Inc(RKDA)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$0.48
09/17/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for RKDA

09/17/2026: RKDA (1-star) is currently NOT-A-BUY. Pass it for now.

Arcadia Biosciences is a small-cap company focused on the food and wellness market, specifically targeting health-conscious consumers with its GoodWheat line of high-fiber pasta and flour products. While the company has pivoted away from speculative biotech R&D toward a consumer-packaged-goods model, it continues to face significant operational hurdles and lacks a consistent record of profitability. Its core growth story relies on successfully scaling the GoodWheat brand in a competitive food industry crowded by well-capitalized giants. Investors should be aware of high price volatility and the potential for ongoing execution risk. This stock is generally suitable only for risk-tolerant investors who should monitor the company's revenue growth and path to profitability.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorWeak fitThe company has not demonstrated consistent revenue or profit growth to support a growth thesis.
Momentum investorWeak fitThe stock lacks the consistent positive price performance required for a momentum strategy.
Value investorMixed fitWhile the market cap is low, the lack of earnings makes traditional value assessment difficult.
Dividend investorWeak fitThe company does not pay dividends and has no history of doing so.
Low-risk investorWeak fitThe high volatility and lack of operational stability present a high-risk profile.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighLow market capitalization and low liquidity lead to sharp price swings.
Valuation riskHighThe absence of steady earnings makes it difficult to anchor valuation to fundamentals.
Competition risk (Food Conglomerates)HighCompeting against giants like General Mills with vastly superior resources is a constant threat.
Business qualityMediumThe company is in a transition phase, making business model sustainability uncertain.
Dividend incomeLow / noneThis stock provides no income potential for investors.
Execution riskHighSuccessfully scaling the GoodWheat brand is critical, and failure to do so could jeopardize the business.

Price Behavior

Steep Decline
PRICE PATH

Steep Decline

The stock price has dropped sharply with strong downward pressure.

Extreme Price Shocks
PRICE STABILITY

Extreme Price Shocks

The stock has experienced exceptionally large and disruptive price movements during the period.

Analysis of Past Performance

Type Stock
Historic Profit -38.79%
Avg. Invested days 30
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/17/2026

Upturn Scorecard

Upturn Star Rating

RKDA receives a 3-star rating, supported by solid analyst coverage. The rating is constrained by soft unit economics, and weak price momentum.

Company Fundamentals

RKDA has moderate overall fundamentals (3 stars), with soft financial health, solid growth momentum, and moderate ownership. In FY2025 versus FY2024, strong earnings growth (+66.8%) is partially offset by soft cash generation (FCF margin -97.6%), slightly negative revenue growth (-3.7%), soft profitability (net margin -48.1%).

Financial Health Rating

RKDA's financial health is supported by solid liquidity, including working-capital and asset support (WC/assets 65.6%). Operating efficiency is soft (2 stars), which helps explain the 2-star overall score.

Growth Momentum Score

Earnings growth is RKDA's strongest growth driver at +66.8% FY2025 versus FY2024 (strong, 5 stars). By comparison, free-cash-flow growth (+50.9%, strong) is also strong, while revenue growth (-3.7%, slightly negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

Institutional ownership is 18.7% and approximately 90.0% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership is only 0.15%, which materially reduces the ownership score.

Top 5 Institutional Investors

Armistice Capital, LLC 6.62%
Sabby Management LLC 4.75%
Geode Capital Management, LLC 1.32%
Citadel Advisors Llc 0.99%
Susquehanna International Group, LLP 0.52%

Unit Economics (Per $1K Revenue)

RKDA generates approximately $362 of gross profit, $-2,057 of operating income, and $-976 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

Effective Tax Rate: -0.34% (Tax Credit)

Quantitative Style Profile

RKDA has a liquid, relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedLow VolatilitySmall / Mid Cap RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 1.11M USD
Price to earnings Ratio -
1Y Target Price 12
Price to earnings Ratio -
1Y Target Price 12
Volume (30-day avg) 189.0K shares
Beta 0.53
52 Weeks Range 0.38 - 5.72
Updated Date 09/17/2026
52 Weeks Range 0.38 - 5.72
Updated Date 09/17/2026
Dividends yield (FY) -
Basic EPS (TTM) -4.54

How Company Makes Money

Business areaWhat it includesRetail investor read
Specialty Food IngredientsGoodWheat pasta, flour, and baking mixes sold via retail and e-commerce.Revenue is driven by consumers purchasing premium, health-focused pantry staples.
Wellness / Legacy ProductsZola coconut water and other minor consumer wellness products.Provides secondary, lower-margin income through hydration and wellness beverages.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE -
Forward PE 36.63
Enterprise Value -3.32M
Price to Sales(TTM) 0.23
Enterprise Value -3.32M
Price to Sales(TTM) 0.23
Enterprise Value to Revenue 0.06
Enterprise Value to EBITDA 0.62
Shares Outstanding 2.41M
Shares Floating 2.17M
Shares Outstanding 2.41M
Shares Floating 2.17M
Percent Insiders 0.15
Percent Institutions 18.68

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Arcadia Biosciences Inc

Exchange NASDAQ
Headquarters Dallas, TX, United States
IPO Launch date 2015-05-15
CEO, Interim CFO, Principal Accounting Officer, President, Corporate Secretary & Director Mr. Thomas J. Schaefer C.F.A.
Sector Consumer Defensive
Industry Packaged Foods
Full time employees 8
Full time employees 8

Arcadia Biosciences, Inc. produces and markets plant-based food and beverage products in the United States. The company develops crop improvements primarily in wheat to enhance farm economics by improving the performance of crops in the field, as well as their value as food ingredients. Its food, beverage, and body case products include GoodWheat, Zola coconut water, ProVault topical pain relief, and SoulSpring. The company was incorporated in 2002 and is headquartered in Dallas, Texas.