$SUJA

SUJA LIFE, INC.

CIK:0001934114|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2026	Jun. 30, 2025	Jun. 29, 2026	Jun. 30, 2025
Income Statement [Abstract]
Net sales	$ 83,855	$ 75,164	$ 190,913	$ 162,527
Cost of sales	(44,689)	(39,542)	(97,632)	(84,739)
Gross profit	39,166	35,622	93,281	77,788
Operating expenses	(34,632)	(33,756)	(72,467)	(68,430)
Transaction costs	(25,077)	0	(25,077)	0
Income (loss) from operations	(20,543)	1,866	(4,263)	9,358
Other income (expense), net	(31)	115	(39)	157
Loss on debt extinguishment	(2,273)	0	(2,273)	0
Interest expense	(5,423)	(7,491)	(12,896)	(14,937)
Loss before taxes	(28,270)	(5,510)	(19,471)	(5,422)
Provision for income taxes	472	(148)	(593)	(1,028)
Net loss	(27,798)	$ (5,658)	(20,064)	$ (6,450)
Net income (loss) attributable to Suja Life Holdings, LP and subsidiaries through the IPO organizational transactions	(22,786)		(15,052)
Net income (loss) attributable to noncontrolling interests	(1,744)		(1,744)
Net income (loss) attributable to Suja Life, Inc.	$ (3,268)		$ (3,268)
Net loss per share - diluted (in dollars per share)	$ (0.14)		$ (0.14)
Net loss per share - basic (in dollars per share)	$ (0.14)		$ (0.14)
Weighted-average number of shares of Class A common stock - diluted (in shares)	23,789		23,789
Weighted-average number of shares of Class A common stock - basic (in shares)	23,789		23,789

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 29, 2026	Jun. 30, 2025	Jun. 29, 2026	Jun. 30, 2025	Dec. 29, 2025
Operating activities
Net loss	$ (27,798,000)	$ (5,658,000)	$ (20,064,000)	$ (6,450,000)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization			14,753,000	13,840,000
Bad debt expense			(3,000)	(22,000)
Non-cash operating lease expense			2,233,000	1,933,000
Finance lease right-of-use amortization	34,000	38,000	70,000	77,000
Non-cash interest on financing leases	3,000	6,000	6,000	13,000
Amortization of discount on debt			434,000	496,000
Provision for excess and obsolete inventory			243,000	930,000
Stock-based compensation			13,163,000	227,000
Loss on debt extinguishment			1,260,000	0
Deferred taxes			156,000	0
Change in operating assets and liabilities
Trade receivables, net			(380,000)	111,000
Inventories			(1,511,000)	(7,211,000)
Prepaid expenses and other current assets			(991,000)	(1,263,000)
Other assets			(30,000)	(37,000)
Accounts payable			(3,294,000)	224,000
Accrued compensation			(3,977,000)	(3,260,000)
Accrued expenses			(7,565,000)	(716,000)
Deferred transaction costs			2,536,000	0
Operating lease obligations			(2,189,000)	(1,933,000)
Net cash used in operating activities			(5,150,000)	(3,041,000)
Investing activities
Purchase of intangible assets			(514,000)	(14,000)
Purchase of property and equipment			(13,407,000)	(6,395,000)
Net cash used in investing activities			(13,921,000)	(6,409,000)
Financing activities
Proceeds from revolving loan			0	5,000,000
Principal payments on financing lease obligations			(447,000)	(85,000)	$ (170,000)
Repayments of term loan			(101,626,000)	(1,370,000)
Prepayment premium on debt extinguishment	(1,000,000.0)		(1,013,000)	0
Repayments of revolver loan			(40,000,000)	0
Proceeds from the IPO, net underwriting discounts and offering expenses			164,829,000	0
Payments for settlement of incentive units			(13,102,000)	0
Distributions			0	(1,810,000)
Net cash used in financing activities			8,641,000	1,735,000
Change in cash and restricted cash			(10,430,000)	(7,715,000)
Cash and restricted cash at beginning of period			32,025,000	16,882,000	16,882,000
Cash and restricted cash at end of period	$ 21,595,000	$ 9,167,000	21,595,000	9,167,000	$ 32,025,000
Supplemental Disclosure of Cash Flow Information
Cash paid for interest			5,916,000	16,822,000
Cash paid for income taxes			490,000	0
Supplemental Disclosures of Non-Cash Activities
Amounts included in accounts payable for equipment purchased			(4,000)	41,000
Operating lease liabilities arising from obtaining operating lease assets			$ 3,277,000	$ 3,428,000

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Jun. 29, 2026	Dec. 29, 2025	Jun. 30, 2025
Current Assets
Cash	$ 20,585	$ 31,015
Restricted cash	1,010	1,010
Trade receivables, net	14,464	14,081
Inventories	23,680	22,412
Prepaid expenses and other current assets	3,627	2,636
Total current assets	63,366	71,154
Property and equipment, net	55,354	45,671
Operating lease right-of-use assets, net	25,361	23,387
Trade name and other intangible assets, net	167,849	178,463
Goodwill	106,201	106,201	$ 106,201
Other assets	899	701
Deferred transaction costs	0	2,536
Total assets	419,030	428,113
Current Liabilities
Accounts payable	15,906	19,408
Accrued expenses	11,998	19,563
Accrued compensation	10,619	14,596
Current portion of operating lease obligations	2,812	2,450
Current portion of finance lease obligations	36	110
Current portion of long-term debt	0	2,740
Total current liabilities	41,371	58,867
Long-term operating lease obligations	25,706	24,051
Long-term finance lease obligations	80	98
Long-term debt, net	162,951	301,157
Deferred tax liabilities, net	0	11,370
Total liabilities	230,108	395,543
Commitments and Contingencies (Note 9)
Preferred Stock, Value, Outstanding	0		0
Equity
Additional paid-in capital	199,244	144,712
Noncontrolling interest	71,280	0
Accumulated deficit	(81,605)	(112,142)
Total partners'/stockholders’ equity	188,922	32,570
Total liabilities and partners'/stockholders’ equity	419,030	428,113
Class A Units
Equity
Members' equity	0		0
Class B Units
Equity
Members' equity	0		0
Class C Units
Equity
Members' equity	0		0
Class D Units
Equity
Members' equity	0		0
Class E Units
Equity
Members' equity	0		0
Class F Units
Equity
Members' equity	0		$ 0
Common Class A
Equity
Common stock value outstanding	2	0
Common Class V
Equity
Common stock value outstanding	$ 1	$ 0