Short answer
Mission Produce, Inc. (AVO) filed its Q1 2026 10-Q quarterly report on Mar 12, 2026 for the quarter ended Jan 31, 2026. Quarterly revenue was $279M (down 16.6% year over year) with net income of −$700,000.
Q1 2026 key financials · XBRL
- Revenue
- $279M
- −16.6% YoY
- Net income
- −$700,000
- −117.9% YoY
- Operating margin
- 0.9%
- Gross margin
- 11.3%
- EPS (diluted)
- −$0.01
- −120.0% YoY
Source: XBRL data from the Mission Produce, Inc. (AVO) Q1 2026 10-Q on SEC EDGAR. USD.
Mission Produce, Inc. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Cash $44.8M, down from $64.8M at October 31, 2025
- Working capital $126.6M, versus $127.7M at October 31, 2025
- Fiscal 2026 capital expenditures approximately $40M, focused on International Farming and Blueberries
- Outstanding syndicated debt $100.2M as of January 31, 2026
- Calavo acquisition financing: $50M revolving-line increase and $250M term loans; lender commitment obtained
Risk Factors
- Newly added trade-policy risk triggered by February 20, 2026 Supreme Court tariff ruling
- Tariff uncertainty threatens pricing, margins, compliance obligations, and tariff-refund timing
- Pending Calavo merger faces regulatory-approval delays, burdensome conditions, or abandonment
- Merger termination could require payment of up to $15.02 million to Calavo
- Activist-triggered Rights Agreement dilutes acquisitions at 15% ownership without Board approval
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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