Forensic Analysis · General / Diversified · as of Jul 28, 2026
Edible Garden Ag Inc (EDBL)
A forensic read on Edible Garden Ag Inc built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
F · Poor — capital at risk
Forensic grade
Distress
Financial health
-13.2
Altman Z-score
Clean
Earnings quality
5
Forensic signals
-138.7%
ROE
-7.6%
Revenue growth
Financial health / Altman Z-score above is based on book value, not market value — this free snapshot doesn't pull live market data. Treat it as a rough read, not the final word.
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Edible Garden Ag Inc earns an F (Poor — capital at risk) forensic quality grade, and its Altman Z-score is -13.2, placing it in the Distress zone (based on book value, not market value, since this free snapshot doesn't pull live market data — treat this zone as a rough read, not the final word). 5 forensic signals were flagged in its latest SEC filings, led by accruals ratio (% of noa).
What the filings flag
+73.1%
FY2024→FY2025
Accruals ratio (% of NOA).Net operating assets grew +73.1% relative to their own average in FY2025 — scaled by NOA itself, not total assets (see the Forensic Screens card's differently-scaled Sloan Accrual Ratio for that read). Accruals are building sharply — a large slice of profit sits in operating assets, not cash; Richardson/Sloan link high accruals to weaker future returns as they reverse. The build is led by PP&E up +221% against revenue -8% and inventory up +21% against +13% in cost of sales. The cash-flow cross-check is more mixed: reported earnings ran behind operating cash by 53% of net operating assets, diverging from the balance-sheet accrual read.
-83.5%
FY2025
Return on invested capital.Return on invested capital is -83.5% in the latest fiscal year and rising from -175% — well below its ~9% cost of capital, so reinvested dollars may be destroying value, not building it.
55d DSO
FY2024→FY2025
Receivables vs revenue.Days sales outstanding moved from 42 to 55 days FY2024→FY2025 (receivables -3% vs revenue -8%). Receivables are creeping up relative to sales — watch the trend.
48d
FY2024→FY2025
Inventory days.Days inventory outstanding moved from 35 to 48 FY2024→FY2025 (against cost of goods sold; inventory +21% vs +13% in cost of sales). Inventory is building a little faster than sales — watch for markdowns.
n/m (stock split)
FY2023–FY2025
Key fundamentals
Latest Revenue$12.8M
Revenue Growth YoY-7.6%
Revenue CAGR (3yr)+3.5%
Net Margin-135.3%
Free Cash Flow$-12.4M
Return on Equity-138.7%
Debt / Equity0.13x
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on Edible Garden Ag Inc:
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🔒Ask anything about EDBL's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown
Data from SEC EDGAR public filings · metrics as of Jul 28, 2026. Forensic signals flag probability, not certainty.
Edible Garden Ag Inc (EDBL) Stock — Forensic Analysis, Red Flags & Rating | Stockonomy · Stockonomy
Share count (stock split).
Diluted share count changed -96% over the last 2 years to FY2025, but that includes a large one-time change around FY2024 consistent with a stock split or reverse split, not gradual buybacks or issuance — a split changes the count with NO effect on any holder's proportional ownership, so the raw -79.1%/yr figure isn't a real buyback/dilution read here.