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SOWG on Nasdaq

Sow Good Inc.

Sow Good Inc. is an U.S.-based consumer packaged goods company.1 It is headquartered in New York, New York.1 Its shares trade on Nasdaq under the symbol SOWG.1

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Last updated Oct 21, 2026.

Overview

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  • TickerSOWG on Nasdaq1
  • IndustryFood and Kindred Products1
  • HeadquartersNew York, New York1
  • Incorporated inDE2
  • Business address433 Broadway, Unit 216, New York, Ny 100132
  • Filer categoryNon-accelerated filer, Smaller reporting company2
  • Legal formCorporation

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Sow Good Inc. is a U.S.-based consumer packaged goods company that pioneered the freeze dried candy category. Since commencing commercial sales in the first quarter of 2023, Sow Good developed and scaled a proprietary freeze drying manufacturing operation dedicated to transforming traditional candy and snacks into novel, intensely flavorful treats it markets under the "hyper dried, hyper crunchy, hyper flavorful" brand positioning.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Revenue456789$0 in 2025
0$5.0M$10.0M$15.0M$20.0M2019: $466.6K$466.6K20192020: $0$020202021: $88.4K$88.4K20212022: $428.1K$428.1K2022+384%2023: $16.1M$16.1M2023+3654%2024: $0$020242025: $0$02025
Gross profit5678$13.0M in 2024
0$5.0M$10.0M$15.0M2020: $0$020202021: $7.1K$7.1K20212022: $119.8K$119.8K2022+1581%2023: $3.3M$3.3M2023+2633%2024: $13.0M$13.0M2024+296%
Operating income456789-$6.6M in 2025+154% since 2019
-$15.0M-$10.0M-$5.0M02019: -$2.6M-$2.6M20192020: -$3.0M-$3.0M2020+16%2021: -$7.1M-$7.1M2021+136%2022: -$10.9M-$10.9M2022+53%2023: -$1.2M-$1.2M2023−89%2024: -$11.1M-$11.1M2024+809%2025: -$6.6M-$6.6M2025−40%
Net income456789-$40.6M in 2025
-$60.0M-$40.0M-$20.0M0$20.0M2019: $4.1M$4.1M20192020: -$5.3M-$5.3M20202021: -$6.9M-$6.9M2021+29%2022: -$12.1M-$12.1M2022+76%2023: -$3.1M-$3.1M2023−75%2024: -$3.7M-$3.7M2024+21%2025: -$40.6M-$40.6M2025+998%

Every line of the income statement as filed: the last 2 fiscal years, latest first.9

Period ending2025-12-312024-12-31
Revenues$0$0
Salaries and benefits$4.4M$7.6M
Professional services$838.7K$1.6M
Other general and administrative expenses$1.3M$1.9M
Total general and administrative expenses$6.6M$11.1M
Depreciation and amortization$33.1K$31.6K
Total operating expenses$6.6M$11.1M
Net operating loss-$6.6M-$11.1M
Interest expense-$160.0K-$741.2K
Loss on impairment of long lived assets-$57.6K$0
Total other expense-$217.6K-$741.2K
Loss from continuing operations before income tax-$6.8M-$11.8M
Income tax provision$0$0
Net loss from continuing operations-$6.8M-$11.8M
Income (loss) of discontinued operations, net of tax-$33.8M$8.1M
Net loss-$40.6M-$3.7M
Weighted average common shares outstanding - basic11.8M shares9.2M shares
Weighted average common shares outstanding - diluted11.8M shares9.2M shares
Continuing loss per common share - basic-$1-$1
Continuing loss per common share - diluted-$1-$1
Discontinued income (loss), net of tax per common share - basic-$3$1
Discontinued income (loss), net of tax per common share - diluted-$3$1
Net loss per common share - basic-$3.44-$0.40
Net loss per common share - diluted-$3.44-$0.40

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Corporate structure

Sow Good Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Sow Good Inc.

  • CALM WATERS PARTNERSHIP Filed SCHEDULE 13G/A on Sow Good Inc., latest Apr 3, 2025 (3 filings since Nov 19, 2024)
  • Benno Fischer Filed SC 13G/A on Sow Good Inc., latest Aug 12, 2024 (5 filings since May 12, 2023)
  • Sow Good Inc. New York, New York

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Sow Good Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$70.0K9 Dec 31, 2025$224.3K9 Dec 31, 2024−68.8%
Accumulated depreciation$48.3K9 Dec 31, 2025$95.4K9 Dec 31, 2024−49.3%
Property and equipment, net$21.7K9 Dec 31, 2025$128.9K9 Dec 31, 2024−83.2%
Operating-lease assets (leased space)$77.0K9 Dec 31, 2025$200.7K9 Dec 31, 2024−61.7%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.5M9 Dec 31, 2025$3.7M9 Dec 31, 2024−60.4%

Inventory

ItemLatestA year beforeChange
Inventory, total$22.9K9 Dec 31, 2025$09 Dec 31, 2024
Work in process$9.6M8 Dec 31, 2024$691.3K8 Dec 31, 2023+1281.6%
Finished goods$22.9K9 Dec 31, 2025$09 Dec 31, 2024

Properties, in its own words

We do not own any real property. Prior to December 31, 2025, our principal executive office and manufacturing facility was located in Irving, Texas, where we leased approximately 20,945 square feet of space under a lease agreement with an entity owned entirely by Ira Goldfarb, a related party. Concurrently with our Asset Sale, the Company exited the lease on December 31, 2025.

The Company leases a 9,900 square foot warehouse facility located in Dallas, Texas, which we use to receive, store, package, and distribute our products, as well as for office and administrative purposes. We believe that this facility is sufficient to meet our current needs.

Item 2 of the 10-K filed Mar 31, 2026.3

Leadership

Who has led Sow Good Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Steven Lipscomb2010
  2. Brad Berman2010–2011
  3. Kenneth Decubellis2011–2020
  4. Claudia Goldfarb2020–2026
  5. David E. Lazar2026–now

Chief financial officer

  1. Steven Lipscomb2010
  2. James Moe2011–2016
  3. Kenneth Decubellis2020
  4. Brad Burke2020–2022
  5. Claudia Goldfarb2023
  6. Keith D. Terreri2023–2024
  7. Brendon J. Fischer2024
  8. Donna Lee Guy2025–now

Chief operating officer

  1. Joshua Wert2010
  2. Michael Eisele2013–2020
  3. Claudia Goldfarb2026–now
201520202025
Board members and other officers (20)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • DirectorIra Goldfarb named Jan 5, 2022 to Nov 22, 202345

Former names

  • Black Ridge Oil & Gas, Inc.May 14, 2010 to Jan 8, 20212
  • ante5, Inc.Apr 23, 2010 to Mar 30, 20122

Timeline

  1. Oct 15, 20268-K Entered a material agreement46
  2. Oct 13, 20268-K Other events47
  3. Aug 27, 20268-K Entered a material agreement48
  4. Aug 10, 20268-K Shareholder vote49
  5. May 11, 20268-K Executive or director change50
  6. May 5, 20268-K Regulation FD disclosure51
  7. Apr 22, 20268-K Regulation FD disclosure52
  8. Apr 21, 20268-K Entered a material agreement; Other events53
  9. Apr 17, 20268-K Change to shareholders' rights; Bylaws or fiscal year changed; Other events54
  10. Apr 13, 20268-K Entered a material agreement; Listing notice or transfer55
  11. Mar 31, 20268-K Unregistered sale of shares; Executive or director change56
  12. Mar 30, 20268-K Bylaws or fiscal year changed; Shareholder vote57
  13. Jan 5, 2026New chief executive David E. Lazar becomes CEO13
  14. Oct 5, 2020New chief executive Claudia Goldfarb becomes CEO14
  15. Nov 10, 2011New chief executive Kenneth Decubellis becomes CEO15
  16. Dec 6, 2010New chief executive Brad Berman becomes CEO17
  17. Jun 10, 2010New chief executive Steven Lipscomb becomes CEO16

Calendar

Coming up

  1. Nov 13, 2026Reports results for the quarter ending Sep/202658

When it reported results

  1. Nov 14, 2025Reported quarterly or annual results59
  2. Oct 27, 2025Reported quarterly or annual results60
  3. Aug 14, 2025Reported quarterly or annual results61
  4. May 14, 2025Reported quarterly or annual results62
  5. Mar 25, 2025Reported quarterly or annual results63
  6. Nov 14, 2024Reported quarterly or annual results64
  7. Aug 14, 2024Reported quarterly or annual results65
  8. May 15, 2024Reported quarterly or annual results66

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

261 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 66 major events, 106 insider forms, 8 large holders, 3 private raises, 58 other. The latest 20:

  1. Oct 15, 20268-K EDGAR
  2. Oct 13, 20268-K EDGAR
  3. Aug 27, 20268-K EDGAR
  4. Aug 19, 202610-Q QUARTERLY REPORT EDGAR
  5. Aug 14, 2026NT 10-Q EDGAR
  6. Aug 11, 2026DEF 14C EDGAR
  7. Aug 10, 20268-K EDGAR
  8. Jul 31, 2026PRE 14C EDGAR
  9. Jul 27, 2026DEF 14A EDGAR
  10. Jul 17, 2026PRE 14A EDGAR
  11. May 20, 202610-Q QUARTERLY REPORT EDGAR
  12. May 15, 2026NT 10-Q EDGAR
  13. May 11, 20268-K EDGAR
  14. May 5, 20268-K EDGAR
  15. Apr 22, 20268-K EDGAR
  16. Apr 21, 20268-K EDGAR
  17. Apr 17, 20268-K EDGAR
  18. Apr 13, 2026424B5 EDGAR
  19. Apr 13, 20268-K EDGAR
  20. Apr 10, 20263 EDGAR

The 261 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

23 open-market trades by officers, directors and large owners since October 2021: 23 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Dec 31, 2024Goldfarb IraDirectorBuy12,374$2.05$25.4KForm 4
Dec 31, 2024Goldfarb ClaudiaChief Operating OfficerBuy12,374$2.05$25.4KForm 4
Mar 28, 2024BERMAN LYLE10% ownerBuy68,966$7.25$500.0KForm 4
Mar 28, 2024Shensky EdwardDirectorBuy13,794$7.25$100.0KForm 4
Mar 28, 2024Berman BradDirectorBuy30,000$7.25$217.5KForm 4
Mar 28, 2024Goldfarb IraDirectorBuy17,242$7.25$125.0KForm 4
Mar 28, 2024Goldfarb ClaudiaChief Operating OfficerBuy17,242$7.25$125.0KForm 4
Mar 28, 2024Fischer Benno10% ownerBuy150,000$7.25$1.1MForm 4
Nov 20, 2023Berman BradDirectorBuy10,000$6.50$65.0KForm 4
Nov 20, 2023Goldfarb ClaudiaChief Operating OfficerBuy23,077$6.50$150.0KForm 4
Nov 20, 2023Goldfarb IraDirectorBuy23,077$6.50$150.0KForm 4
Nov 20, 2023Mueller JoeDirectorBuy5,000$6.50$32.5KForm 4
Aug 25, 2023Goldfarb ClaudiaChief Operating OfficerBuy100,000$5.00$500.0KForm 4
Aug 25, 2023BERMAN LYLE10% ownerBuy40,000$5.00$200.0KForm 4
Aug 25, 2023Berman BradDirectorBuy10,000$5.00$50.0KForm 4
Aug 25, 2023Goldfarb IraDirectorBuy140,000$5.00$700.0KForm 4
May 26, 2022Goldfarb IraDirectorBuy500$3.10$1.6KForm 4
May 24, 2022Goldfarb IraDirectorBuy253$3.03$767Form 4
Apr 4, 2022Goldfarb IraDirectorBuy100$3.09$309Form 4
Mar 25, 2022Goldfarb IraDirectorBuy6,044Form 4

All 23 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • CALM WATERS PARTNERSHIPSCHEDULE 13G/A, 3 filings Nov 19, 2024 to Apr 3, 202567
  • Benno FischerSC 13G/A, 5 filings May 12, 2023 to Aug 12, 202468

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Nov 20, 2023Raised $2.8 million in a private offering of equity Form D: 16 investors so far Form D
  2. Aug 25, 2023Raised $3.7 million in a private offering of equity Form D: 16 investors so far Form D
  3. Dec 31, 2021Raised $2.8 million in a private offering of debt Form D: 4 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Vanguard Capital Management LLC226,970$946.5K0.0%New
Geode Capital Management, LLC188,440$785.8K0.0%New
Vanguard Fiduciary Trust Co103,997$433.7K0.0%New
BlackRock, Inc.71,562$298.4K0.0%New
Northern Trust Corp43,042$179.5K0.0%New
UBS Group AG19,380$80.8K0.0%New
Connective Capital Management, LLC12,354$51.5K0.0%New
IFP Advisors, Inc434$1.8K0.0%New
Wells Fargo & Company/mn1$40.0%New
AdvisorNet Financial, Inc1$40.0%New
Osaic Holdings, Inc.1$40.0%New
Caitong International Asset Management Co., Ltd1$40.0%New
Bessemer Group Inc1$00.0%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Sow Good Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSow Good Inc.1
  • CIK0001490161
  • Employer ID (EIN)27-23450753
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company3
  • Incorporated inDelaware3
  • Fiscal year endsDecember 311
  • Industry code (SIC)2000 Food and Kindred Products1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address433 Broadway, Unit 216, New York, NY 100131
  • Phone1-908-693-94881
  • Shares outstanding20,099,893 as of Aug 19, 202611
  • Public float$4.6M as of Jun 30, 20253
  • AuditorUrish Popeck & Co., LLC, Pittsburgh, Pennsylvania PCAOB ID 1013; no auditor attestation of internal control over financial reporting3
  • On EDGAR sinceApr 23, 20101
  • Filings663 in all: 4 (193), 8-K (183), 10-Q (49), 3 (33), CORRESP (23), UPLOAD (17), 10-K (16), 5 (12)1
    All 50 form types

    424B3 (9), S-1/A (9), SC 13G/A (9), D (8), DEF 14C (8), EFFECT (7), PRE 14C (7), SC 13D (7), S-1 (6), SC 13D/A (6), SC 13G (6), 10-12G/A (5), NT 10-Q (4), 3/A (3), 8-K/A (3), DEF 14A (3), NT 10-K (3), 10-Q/A (2), 4/A (2), ARS (2), D/A (2), DEFA14A (2), PRE 14A (2), PRER14C (2), S-3 (2), SCHEDULE 13G/A (2), 10-12G (1), 10-K/A (1), 424B1 (1), 424B4 (1), 424B5 (1), 8-A12B (1), CERT (1), CT ORDER (1), DEFA14C (1), DEFM14A (1), DEFM14C (1), DEFR14C (1), PREM14C (1), RW (1), S-8 (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Mar 31, 2026
    Quarterly report (10-Q) Aug 19, 2026
    Proxy statement (DEF 14A) Jul 27, 2026
    Latest 8-K (8-K) Oct 15, 2026

Securities registered for trading

ClassSymbolExchange
Common stock, par value $0.001 per shareSOWGNasdaq

From the cover page of the 10-K filed Mar 31, 2026 (Section 12(b) of the Exchange Act).3

Risk factors and legal proceedings

The risks Sow Good Inc. names in Item 1A of its 10-K filed Mar 31, 2026: 37 risks under these headings, as written.3

  • The risk factors described below are a summary of the principal risk factors associated with an investment in the Company. These are not the only risks we face. You should carefully consider these risk factors, together with the risk factors set forth in Item 1A of this Annual Report on Form 10-K and the other reports and documents filed by us with the SEC.
  • Risks Related to Our Operating History, Financial Position and Capital Needs
  • We have a limited operating history in our current form and have incurred significant operating losses. As a result of continuing investments to support our brand and distribution strategy, we may not achieve or sustain profitability.
  • We may need additional funding in order to fund our existing commercial operations, commercialize new products and grow our business.
  • Our business depends substantially on the continuing efforts of our Distributors and their key personnel, including Ira and Claudia Goldfarb, and our business may be severely disrupted if we lose their services.
  • Our prior rapid growth has not been indicative of our future growth, and our limited operating history may make it difficult to assess our future viability.
  • If we are unable to successfully manage new product launches, our business and financial results could be adversely affected.
  • Risks Related to Our Business and Industry
  • The retail food and non-chocolate confectionary and freeze dried candy segments are highly competitive. If our competitors are more successful or offer better value to consumers, our business could decline.
  • We rely on Trea Grove, a sole supplier, for the manufacture and distribution of our treats, and our supply chain may be interrupted and prevent us from obtaining the necessary materials we need to operate.
  • We have experienced a decline in revenues from the loss of significant customers which has adversely affected our results of operations and financial condition.
  • Consumer preferences for our products, or for freeze dried candy generally have changed and could change rapidly, and, if we are unable to respond quickly to new trends, our business may be adversely affected.
The other 27 risks
  • If we fail to grow the value and enhance the visibility of our brand, our business could suffer.
  • Any damage to our reputation or brand image could adversely affect our business or financial results.
  • Fluctuations in various food and supply, transportation and shipping costs could adversely affect our operating results.
  • We may not be able to protect our intellectual property and proprietary technology adequately, which may impact our commercial success.
  • Third parties may initiate legal proceedings alleging that we are infringing or otherwise violating their intellectual property rights.
  • Food safety concerns and concerns about the health risk of our products may have an adverse effect on our business.
  • Product liability exposure may subject us to significant liability.
  • Our customers are not obligated to continue purchasing products from us.
  • Any failure to adequately store, maintain and deliver our products could materially adversely affect our business, reputation, financial condition, and operating results.
  • Failure to manage inventory at optimal levels could adversely affect our business, financial condition and results of operations.
  • Information security events, or real or perceived errors, failures, or bugs in our systems; other technology disruptions; or failure to comply with laws and regulations relating to information security could negatively impact our business, our reputation and our relationships with customers.
  • Our collection, use, and disclosure of information, including personal information, is subject to federal, state and foreign privacy and security regulations and binding industry standards; new or changed regulations could impose significant costs to our operation and failure to comply with those regulations or to adequately secure the information we hold could result in significant liability or reputational harm.
  • Risks Related to the Regulatory Environment
  • Our operations are subject to regulation by the FDA and other federal, state, and local authorities in the U.S., and in any other jurisdictions in which we may sell our products, and there is no assurance that we will be in compliance with all laws and regulations.
  • Even inadvertent, non-negligent or unknowing violations of federal, state, or local regulatory requirements could expose us to adverse governmental action and materially adversely affect our business, operating results, and financial condition.
  • Risks Related to Ownership of Our Common Stock
  • If we fail to comply with the continued listing requirements of Nasdaq, our common stock may be delisted and the price of our common stock and our ability to access the capital markets could be negatively impacted.
  • The market price of our common stock has been, and is likely to continue to be, highly volatile and subject to wide fluctuations.
  • We have never paid dividends on our common stock and we do not intend to pay dividends for the foreseeable future.
  • Future sales and issuances of our common stock, or securities convertible into or exercisable for our common stock, including pursuant to our equity incentive plans, could result in additional dilution of the percentage ownership of our stockholders and could cause the trading price of our common stock to decline.
  • We are a “smaller reporting company,” and the reduced disclosure requirements applicable to smaller reporting companies may make our common stock less attractive to investors.
  • Our quarterly operating results have fluctuated and may in the future fluctuate significantly, period-to-period comparisons of our results may not be meaningful, and these fluctuations may cause the price of our common stock to decline.
  • Risks Related to Accounting and Tax Matters
  • Changes in tax laws or regulations that are applied adversely to us in the various tax jurisdictions to which we are subject could increase the costs of our products and harm our operating results.
  • Changes in existing financial accounting standards or practices may require us to restate our reported financial results or harm our operating results.
  • General Risks
  • A worsening of economic conditions or a decrease in consumer spending may adversely impact our ability to implement our business strategy.
  • Global climate change, severe weather patterns and natural disasters may negatively affect our business, operating results, financial condition, cash flows and prospects.
  • The failure to successfully integrate newly acquired products or businesses could negatively impact our profitability.
  • Claims, legal proceedings, and other disputes could divert our management’s attention, have a negative impact on our reputation, expose us to significant liabilities, and make it more difficult to obtain insurance coverage.
  • Our disclosure controls and procedures may not prevent or detect all errors or acts of fraud.

Legal proceedings

From time to time in the ordinary course of business, we are a party to various types of legal proceedings. We do not believe that these proceedings, individually or in the aggregate, will have a material adverse effect on our financial position, results of operations or cash flows.

The opening of Item 3, Legal Proceedings.3

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