Arcadia Biosciences (RKDA)
Sells Thailand-sourced Zola Coconut Water through U.S. grocery and foodservice channels.
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Generates revenue by selling Zola Coconut Water in several flavors through U.S. grocery and foodservice channels. Its Thailand-based sourcing and single-brand product base replace a former agricultural-biotechnology portfolio whose wheat licensing rights no longer produce revenue.
Builds its current operating business around Zola Coconut Water, sold in original, pulp, espresso and pineapple varieties through U.S. grocery retailers and foodservice distributors. The coconuts are grown, harvested and packaged in Thailand, while the corporate headquarters and sales base are in the United States. Earlier agricultural-biotechnology work, including GoodWheat and crop-trait assets, has been sold or discontinued and no longer provides a current license or royalty line.
Recognizes product revenue when third-party distributors and retailers take control of product, with product and freight as principal costs. Broader distribution and higher sales volume drove higher Zola revenue without price increases. Product revenue comes entirely from Zola; supply, freight, tariffs, distributor access, shelf space and e-commerce placement determine the operating base.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
No analyst notes in the last 24 months.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $4.2M · Total debt $0 · Total assets $5.9M · Shareholders' equity $633.0K
- Revenue
- $1.4M
- Operating income
- −$496.0K
- Net income
- −$6.3M
No dividends on record.
| Institutions | 8.78% | 211.5K shares | |
|---|---|---|---|
| 16 holders · as of Jun 30, 2026 | |||
| Insiders | 0.23% | 5.5K shares | |
| 2 holders · as of Feb 5, 2025 | |||
| Strategic holders | 6.62% | 159.4K shares | |
| 1 holder · as of May 15, 2026 | |||
| Other | 84.37% | 2.03M shares | |
| remainder | |||
2.41M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (2.41M in the company's Sep 22, 2026 report, 1.55M elsewhere); stakes use the report.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Armistice Capital, LLCStrategic | 6.62% | 159,390 | filed May 15, 2026 |
HRT Financial LPInstitution | 3.67% | 88,386 | as of Jun 30, 2026 |
Citadel Advisors LLCInstitution | 0.99% | 23,738 | as of Jun 30, 2026 |
Virtu Financial LLCInstitution | 0.90% | 21,786 | as of Jun 30, 2026 |
Geode Capital Management, LLCInstitution | 0.67% | 16,135 | as of Jun 30, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
