Happy Belly Food Group Inc. is a multi-branded restaurant company focused on acquiring and scaling emerging food brands in Canada. The company shows strong gross margins at 61.5%, indicating potential profitability, but faces significant concerns with negative EBITDA and net margins of -48.5% and -56.1%, respectively. While its liquidity ratios are solid, suggesting good short-term financial health, the negative return metrics raise questions about overall operational efficiency. The high gross margin juxtaposed with low profitability highlights a need for improved cost management and revenue generation strategies.
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Gross profit margin declined from 64.2% to 53.9% year-over-year, suggesting pricing pressure or rising input costs are squeezing profitability.
Company posted a loss of $-16.5M over the last year, representing 60.7% of revenue.
Exceptional revenue growth of 86.3% YoY demonstrates strong market demand and competitive positioning.
Strong gross margin of 53.9% reflects healthy unit economics.
Excellent liquidity with current ratio of 2.6x ensures operational stability.
Strong balance sheet with net cash position provides cushion for growth investments.
Low debt-to-revenue ratio of 24.8% indicates conservative financial management.
Valuation, risk assessment, competitive positioning, and key insights — all in one report.
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Based on 2026-Q2 (June 30, 2026)