Mama's Creations Inc (MAMA) financial statements: income statement, balance sheet and cash flow

Mama's Creations Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Jan 31, 2026 · FY), Mama's Creations Inc reported revenue of $171.7M (+39.2% year on year) and net income of $5.3M (+42.4% year on year).

Income statement

Mama's Creations Inc income statement, fiscal years

Line item	Jan 31, 2026 · FY	Jan 31, 2025 · FY	Jan 31, 2024 · FY	Jan 31, 2023 · FY
Net sales	$171.7M	$123.3M	$103.3M	$93.2M
Costs of sales	$128.7M	$92.8M	$73.0M	$73.8M
Gross profit	$43.0M	$30.5M	$30.3M	$19.4M
Research and development	$288.0K	$455.0K	$414.0K	$135.1K
Selling, general and administrative	$35.6M	$25.2M	$21.0M	—
Total operating expenses	$35.9M	$25.7M	$21.4M	$16.6M
Income from operations	$7.1M	$4.9M	$8.9M	$2.8M
Interest expense	($435.0K)	($477.0K)	—	—
Interest income	$211.0K	$218.0K	—	—
Amortization of debt discount	($37.0K)	($16.0K)	($22.0K)	($22.1K)
Other income	$0	$104.0K	$27.0K	$2.6K
Total other expenses	($261.0K)	($171.0K)	($544.0K)	($653.4K)
Income before income tax provision and income from equity method investment	$6.9M	$4.7M	$8.3M	$2.2M
Income from equity method investment	$0	$0	$223.0K	$143.5K
Income tax provision	($1.6M)	($995.0K)	($2.0M)	($9.1K)
Net income	$5.3M	$3.7M	$6.6M	$2.3M
Less: series B preferred dividends	$0	$0	($49.0K)	($34.1K)
Net income available to common stockholders	$5.3M	$3.7M	$6.5M	$2.3M
basic (in dollars per share)	$0.14	$0.10	$0.18	$0.06
diluted (in dollars per share)	$0.13	$0.09	$0.17	$0.06
basic (in shares)	38.9M	37.4M	36.8M	36.1M
diluted (shares)	41.4M	39.4M	38.4M	37.3M

Mama's Creations Inc income statement, quarters

Line item	Jul 31, 2026 · Q2	Apr 30, 2026 · Q1	Oct 31, 2025 · Q3	Jul 31, 2025 · Q2
Net sales	$54.6M	$52.8M	$47.3M	$35.2M
Costs of sales	$41.5M	$40.3M	$36.1M	$26.4M
Gross profit	$13.1M	$12.4M	$11.1M	$8.8M
Research and development	$94.0K	$87.0K	$80.0K	$55.0K
Selling, general and administrative expenses	$10.0M	$9.7M	$10.2M	$7.0M
Total operating expenses	$10.1M	$9.8M	$10.3M	$7.1M
Income from operations	$3.0M	$2.7M	$823.0K	$1.7M
Interest expense	($100.0K)	($109.0K)	($156.0K)	($77.0K)
Interest income	$424.0K	$90.0K	$79.0K	$25.0K
Amortization of debt discount	($12.0K)	($11.0K)	($20.0K)	($3.0K)
Total other income (expenses)	$312.0K	($30.0K)	($97.0K)	($55.0K)
Net income before income tax provision	$3.3M	$2.6M	$726.0K	$1.6M
Income tax expense	($739.0K)	($577.0K)	($186.0K)	($368.0K)
Net income	$2.6M	$2.1M	$540.0K	$1.3M
basic (in dollars per share)	$0.06	$0.05	$0.01	$0.03
diluted (in dollars per share)	$0.06	$0.05	$0.01	$0.03
basic (in shares)	42.7M	40.7M	39.6M	37.7M
diluted (in shares)	45.3M	43.3M	41.9M	39.7M

Balance sheet

Mama's Creations Inc balance sheet, fiscal years

Line item	Jan 31, 2026 · FY	Jan 31, 2025 · FY	Jan 31, 2024 · FY	Jan 31, 2023 · FY
Cash and cash equivalents	$20.0M	$7.2M	$11.0M	$4.4M
Accounts receivable, net	$13.1M	$8.1M	$7.9M	$6.8M
Inventories, net	$9.6M	$4.8M	$3.3M	$3.6M
Prepaid expenses and other current assets	$2.4M	$1.8M	$1.4M	—
Total Current Assets	$45.1M	$21.9M	$23.6M	$15.7M
Property, plant, and equipment, net	$20.1M	$9.4M	$4.4M	—
Intangible assets, net	$3.1M	$3.4M	$5.0M	$1.5M
Goodwill	$9.4M	$8.6M	$8.6M	$8.6M
Operating lease right of use assets, net	$7.9M	$3.4M	$2.9M	$3.2M
Deferred tax asset	$0	$258.0K	$503.0K	$717.6K
Security deposits	$95.0K	$95.0K	$95.0K	$53.8K
Total Assets	$85.7M	$47.1M	$45.1M	$34.6M
Accounts payable and accrued expenses	$17.8M	$12.1M	$12.4M	$9.1M
Term loan, net of debt discount of $216 and $22, respectively	$960.0K	$1.5M	$1.5M	$1.5M
Operating leases liabilities	$1.7M	$848.0K	$434.0K	$391.8K
Finance leases payable	$321.0K	$345.0K	$367.0K	$182.4K
Promissory notes – related parties	$0	$2.3M	$1.9M	$750.0K
Total Current Liabilities	$20.8M	$17.0M	$16.7M	$11.9M
Term loan – net of current	$4.4M	$1.3M	$3.0M	$4.7M
Operating leases liability – net of current	$6.2M	$2.6M	$2.5M	$2.9M
Deferred tax liability	$813.0K	—	—	—
Finance leases payable – net of current	$878.0K	$1.2M	$1.1M	$248.6K
Total Long-Term Liabilities	$12.3M	$5.1M	$8.8M	$10.2M
Total Liabilities	$33.1M	$22.2M	$25.5M	$22.1M
Preferred stock value	$0	$0	$0	—
Common stock, $0.00001 par value; 250,000,000 shares authorized; 40,887,000 and 37,826,000 shares issued as of January 31, 2026 and January 31, 2025, respectively, 40,657,000 and 37,596,000 shares outstanding as of January 31, 2026 and January 31, 2025, respectively	0	0	0	364
Additional paid-in capital	$47.3M	$24.9M	$23.3M	$22.7M
Retained earnings	$5.5M	$164.0K	($3.5M)	($10.1M)
Less: Treasury stock, 230,000 shares at cost	150.0K	-150.0K	-150.0K	-149.5K
Total Stockholders’ Equity	$52.6M	$24.9M	$19.6M	$12.5M
Total Liabilities and Stockholders’ Equity	$85.7M	$47.1M	$45.1M	$34.6M

Mama's Creations Inc balance sheet, quarters

Line item	Jul 31, 2026	Apr 30, 2026	Oct 31, 2025	Jul 31, 2025
Cash and cash equivalents	$138.6M	$24.4M	$18.1M	$9.4M
Accounts receivable, net	$12.9M	$13.2M	$11.0M	$6.7M
Inventories, net	$10.7M	$9.0M	$10.4M	$6.4M
Prepaid expenses and other current assets	$1.7M	$2.1M	$1.5M	$881.0K
Total Current Assets	$163.8M	$48.8M	$41.0M	$23.4M
Property, plant, and equipment, net	$18.9M	$19.1M	$21.1M	$9.4M
Intangible assets, net	$2.2M	$2.7M	$3.5M	$2.7M
Goodwill	$9.4M	$9.4M	$9.4M	$8.6M
Operating lease right of use assets, net	$7.0M	$7.4M	$8.3M	$6.5M
Deposits	$95.0K	$95.0K	$95.0K	$95.0K
Total Assets	$201.4M	$87.5M	$84.0M	$51.2M
Accounts payable and accrued expenses	$20.5M	$17.9M	$18.5M	$11.1M
Term loan, net of unamortized debt discount of $193 and $216, respectively	$983.0K	$972.0K	$949.0K	$1.5M
Operating lease liabilities	$1.8M	$1.7M	$1.6M	$1.1M
Finance leases payable	$333.0K	$327.0K	$315.0K	$309.0K
Total Current Liabilities	$23.6M	$21.0M	$22.1M	$14.8M
Term loan – net of current	$3.8M	$4.1M	$4.7M	$451.0K
Operating lease liabilities – net of current	$5.3M	$5.7M	$6.6M	$5.3M
Deferred tax liability	$581.0K	$530.0K	—	—
Finance leases payable – net of current	$709.0K	$794.0K	$960.0K	$1.0M
Total long-term liabilities	$10.4M	$11.2M	$12.3M	$6.8M
Total Liabilities	$34.0M	$32.2M	$34.4M	$21.6M
Preferred stock value	$0	$0	$0	$0
Common stock, $0.00001 par value; 250,000,000 shares authorized; 47,375,000 and 40,887,000 shares issued as of July 31, and January 31, 2026, respectively, 47,145,000 and 40,657,000 shares outstanding as of July 31, and January 31, 2026, respectively	0	0	0	0
Additional paid-in capital	$157.5M	$48.0M	$46.5M	$27.1M
Retained earnings	$10.1M	$7.5M	$3.2M	$2.7M
Less: Treasury stock, 230,000 shares at cost	-150.0K	-150.0K	-150.0K	-150.0K
Total Stockholders’ Equity	$167.4M	$55.4M	$49.6M	$29.6M
Total Liabilities and Stockholders’ Equity	$201.4M	$87.5M	$84.0M	$51.2M

Cash flow statement

Mama's Creations Inc cash flow statement, fiscal years

Line item	Jan 31, 2026 · FY	Jan 31, 2025 · FY	Jan 31, 2024 · FY	Jan 31, 2023 · FY
Net income	$5.3M	$3.7M	$6.6M	$2.3M
Depreciation	$3.3M	$1.6M	$1.0M	$920.7K
Provision for credit losses	$90.0K	$0	($140.0K)	—
Amortization of debt discount	$37.0K	$16.0K	$22.0K	$22.1K
Change in right of use assets	$1.4M	($1.6M)	—	—
Amortization of intangible assets	$1.6M	$1.5M	$1.1M	$482.5K
Stock-based compensation	$2.0M	$1.1M	$436.0K	$110.0K
Allowance for obsolete inventory	$24.0K	$0	$63.0K	—
Change in deferred tax asset	$1.1M	$245.0K	$215.0K	($269.1K)
Income from equity method investment	$0	$0	($223.0K)	($143.5K)
Accounts receivable	($1.3M)	($272.0K)	$2.4M	$562.7K
Inventories	($3.5M)	($1.5M)	$263.0K	($745.1K)
Prepaid expenses and other current assets	($868.0K)	($1.3M)	($540.0K)	—
Security deposits	$0	$0	($35.0K)	($1.6K)
Accounts payable and accrued expenses	$3.6M	$79.0K	$476.0K	$2.2M
Operating lease liability	($1.3M)	$1.6M	($340.0K)	($342.9K)
Net Cash Provided by Operating Activities	$11.4M	$5.2M	$11.6M	$5.5M
Purchase of property, plant and equipment	($1.7M)	($5.1M)	($786.0K)	—
Cash paid for acquisition/investment in Chef Inspirational Foods, LLC, net	($17.3M)	—	—	—
Cash paid for acquisition/investment in Chef Inspirational Foods, LLC, net	$0	$0	($646.0K)	($500.0K)
Net Cash Used in Investing Activities	($19.0M)	($5.1M)	($1.4M)	($1.1M)
Net proceeds from the issuance of common stock	$18.9M	—	—	—
Net proceeds from notes payable	$18.8M	—	—	—
Repayments of debt	($17.1M)	($3.6M)	($2.4M)	—
Repayment of line of credit, net	$0	—	—	—
Repayment of finance lease obligations	($345.0K)	($397.0K)	($272.0K)	($235.2K)
Payment of Series B Preferred dividends	$0	$0	($49.0K)	($34.1K)
Proceeds from exercise of options	$48.0K	$55.0K	$68.0K	$26.3K
Net Cash Provided by (Used in) Financing Activities	$20.3M	($4.0M)	($3.5M)	($888.0K)
Net Increase (Decrease) Increase in Cash	$12.8M	($3.9M)	$6.6M	$3.5M
Cash and cash equivalents - Beginning of Period	$7.2M	$11.0M	$4.4M	$850.6K
Cash and cash equivalents - End of Period	$20.0M	$7.2M	$11.0M	—
Income taxes	$1.2M	$1.5M	$1.6M	$31.6K
Interest	$435.0K	$427.0K	$654.0K	$633.8K
Finance lease asset additions	$0	$511.0K	$1.3M	$72.1K
Related party loan to finance acquisition	$0	$0	$2.7M	—
Right of use asset recognized	$6.4M	$2.1M	—	—
Write-off of right of use asset	$451.0K	$1.0M	—	—
Net proceeds from issuance of common stock	$0	—	—	—
Common stock issued for payment of related party debt	$1.5M	—	—	—
Receipt of fixed assets for deposits previously paid	$0	$937.0K	—	—
Settlement of liability in common stock	$0	$0	$50.0K	—

Mama's Creations Inc cash flow statement, quarters

Line item	Jul 31, 2026 · YTD	Apr 30, 2026 · Q1	Oct 31, 2025 · YTD	Jul 31, 2025 · YTD
Net income	$4.6M	$2.1M	$3.1M	$2.5M
Depreciation	$2.3M	$1.2M	$2.1M	$1.1M
Amortization of debt discount	$23.0K	$11.0K	$26.0K	$6.0K
Amortization of right of use assets	$885.0K	$439.0K	$973.0K	$589.0K
Amortization of intangibles	$869.0K	$429.0K	$1.2M	$751.0K
Stock-based compensation	$1.5M	$580.0K	$1.2M	$640.0K
Change in deferred tax asset	($232.0K)	($283.0K)	($367.0K)	($258.0K)
Accounts receivable	$186.0K	($140.0K)	$809.0K	$1.4M
Inventories	($1.0M)	$645.0K	($4.1M)	($1.6M)
Prepaid expenses and other current assets	$760.0K	$271.0K	$55.0K	$625.0K
Accounts payable and accrued expenses	$2.8M	$245.0K	$4.3M	($925.0K)
Operating lease liability	($826.0K)	($407.0K)	($867.0K)	($520.0K)
Net Cash Provided by Operating Activities	$11.9M	$5.0M	$8.2M	$4.3M
Purchase of fixed assets	($1.1M)	($177.0K)	($1.2M)	($1.1M)
Net Cash Used in Investing Activities	($1.1M)	($177.0K)	($18.7M)	($1.1M)
Repayment of debt	($589.0K)	($294.0K)	($16.0M)	($891.0K)
Net proceeds from issuance of common stock	$108.6M	—	$18.9M	—
Repayment of finance lease obligations	($157.0K)	($78.0K)	($269.0K)	($193.0K)
Proceeds from exercise of stock options	$48.0K	—	$48.0K	$37.0K
Net Cash Provided by (Used in) Financing Activities	$107.9M	($372.0K)	$21.5M	($1.0M)
Net Increase in Cash	$118.7M	$4.5M	$10.9M	$2.2M
Cash and cash equivalents at beginning of period	$20.0M	$20.0M	$7.2M	$7.2M
Cash and cash equivalents at end of period	$138.6M	$24.4M	$18.1M	$9.4M
Income taxes	$858.0K	$0	$1.1M	$659.0K
Interest	$208.0K	$109.0K	$301.0K	$152.0K
Right-of-use asset and lease liability recognized	$0	$0	$6.4M	$4.2M
Payment of related party debt	$0	—	$1.5M	$1.5M
Write-off of right-of-use asset	$0	$0	$451.0K	$451.0K
Issuance of common stock for employee compensation	$105.0K	$105.0K	—	—
Receipt of fixed assets for deposits previously paid	$0	$0	$74.0K	$74.0K

Mama's Creations Inc score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.