Private company

Real Good Food Company, Inc.

American Food and Kindred Products company, incorporated in Delaware1

In its 2023 annual report the company says: “We develop, market, and manufacture delicious and convenient comfort foods designed to be high in protein, low in sugar, and made from gluten- and grain-free ingredients that are intended to be sold in the H&W segment of the frozen food category. Our branded products are sold to consumers through an increasing number of locations in retail channels, primarily in natural and conventional grocery, drug, club, and mass merchandise stores, including Walmart, Kroger, and Costco.”50 It is headquartered in Cherry Hill, New Jersey.1

Last updated Oct 20, 2026.

Overview

$141.6MRevenue, fiscal 20222
-$11.0MNet income, fiscal 20222
  • IndustryFood and Kindred Products1
  • HeadquartersCherry Hill, New Jersey1
  • Incorporated inDE3
  • Business address3 Executive Campus, Suite 155, Cherry Hill, Nj 080023
  • Filer category, Emerging growth company3

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Financials

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

Key numbers, fiscal 2022

9.4%Gross margin2
-27.1%Operating margin2
-7.8%Net margin2
68.4%Revenue growth, 20222
-31.2%Return on equity2
1.98×Debt to equity2
-$61.0MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Cost of revenue91¢$128.3M
  • Research and development3¢$4.8M
  • Other costs1¢$1.0M
  • Interest5¢$7.4M

Out of $141.6M in revenue.2 The company lost money this year.

Financial statements

Revenue42$141.6M in 2022+263% since 2020
0$50.0M$100.0M$150.0M2020: $39.0M$39.0M20202021: $84.1M$84.1M2021+116%2022: $141.6M$141.6M2022+68%
Gross profit42$13.2M in 2022+395% since 2020
0$5.0M$10.0M$15.0M2020: $2.7M$2.7M20202021: $10.3M$10.3M2021+284%2022: $13.2M$13.2M2022+29%
Operating income42-$38.4M in 2022+289% since 2020
-$60.0M-$40.0M-$20.0M02020: -$9.9M-$9.9M20202021: -$53.1M-$53.1M2021+439%2022: -$38.4M-$38.4M2022−28%
Net income42-$11.0M in 2022−29% since 2020
-$80.0M-$60.0M-$40.0M-$20.0M02020: -$15.6M-$15.6M20202021: -$67.1M-$67.1M2021+331%2022: -$11.0M-$11.0M2022−84%
Fiscal year2019202020212022
Revenue$39.0M4$84.1M2$141.6M2
Cost of revenue$36.3M4$73.8M2$128.3M2
Gross profit$2.7M4$10.3M2$13.2M2
Research and development$2.0M2$4.8M2
Operating expenses$63.4M2$51.6M2
Operating income-$9.9M4-$53.1M2-$38.4M2
Interest$5.7M4$5.4M2$7.4M2
Income before tax-$67.1M2-$45.7M2
Income tax$22.0K4$02$02
Net income-$15.6M4-$67.1M4-$11.0M2
Earnings per share-$1.864-$1.642-$1.772
Earnings per share (diluted)-$1.642-$1.772
Shares (weighted, basic)6.2M shares26.2M shares2
Shares (weighted, diluted)6.2M shares26.2M shares2

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Corporate structure

Real Good Food Company, 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 Real Good Food Company, Inc.

  • FMR LLC Filed SCHEDULE 13G/A on Real Good Food Company, Inc., latest Feb 7, 2025 (5 filings since Dec 10, 2021)
  • CPG Solutions LLC Filed SCHEDULE 13G/A on Real Good Food Company, Inc., latest Jan 29, 2025 (4 filings since Dec 2, 2021)
  • Slingshot Consumer LLC Filed SCHEDULE 13G/A on Real Good Food Company, Inc., latest Jan 29, 2025 (4 filings since Dec 9, 2021)
  • AWM Investment Company, Inc. Filed SC 13G/A on Real Good Food Company, Inc., latest Jun 10, 2024 (8 filings since Dec 10, 2021)
  • Gerard Garfield Law Filed SC 13G/A on Real Good Food Company, Inc., latest Feb 14, 2024 (3 filings since Dec 2, 2021)
  • Philotimo Fund, LP Filed SC 13D/A on Real Good Food Company, Inc., latest Jan 30, 2024 (3 filings since Oct 26, 2023)
  • DRIEHAUS CAPITAL MANAGEMENT LLC Filed SC 13G/A on Real Good Food Company, Inc., latest Nov 13, 2023 (3 filings since Jun 15, 2022)
  • Josh Schreider Filed SC 13G/A on Real Good Food Company, Inc., latest Aug 28, 2023 (3 filings since Dec 3, 2021)
  • Strand Equity Partners III, LLC Filed SC 13G on Real Good Food Company, Inc., latest Jun 21, 2022
  • PPZ, LLC Filed SC 13G on Real Good Food Company, Inc., latest Dec 2, 2021
  • Real Good Food Company, Inc. Cherry Hill, New Jersey

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

What it owns

What Real Good Food Company, 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
Construction in progress$60.0K2 Dec 31, 2022$3.3M2 Dec 31, 2021−98.2%
Property and equipment, before depreciation$44.2M2 Dec 31, 2022$9.5M2 Dec 31, 2021+364.6%
Accumulated depreciation$5.8M2 Dec 31, 2022$2.6M2 Dec 31, 2021+125.3%
Property and equipment, net$38.5M2 Dec 31, 2022$10.3M2 Dec 31, 2021+274.2%
Finance-lease assets$27.4M2 Dec 31, 2022$822.0K2 Dec 31, 2021+3232.4%
Operating-lease assets (leased space)$10.9M2 Dec 31, 2022$12.1M2 Dec 31, 2021−10.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$12.5M2 Dec 31, 2022$12.5M2 Dec 31, 20210%

Inventory

ItemLatestA year beforeChange
Inventory, total$39.5M2 Dec 31, 2022$16.6M2 Dec 31, 2021+137.5%
Finished goods$22.7M2 Dec 31, 2022$10.0M2 Dec 31, 2021+127.8%

Leadership

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

Chief executive

  1. Gerard Garfield Law2021–2023

Chief financial officer

  1. Akshay Jagdale2021–2024
  2. Jim Behling2024
2025
Board members and other officers (9)

Former names

  • Project Clean, Inc.Jul 30, 2021 to Sep 21, 20213

Timeline

  1. Jan 30, 20258-K Listing notice or transfer; Other events19
  2. Jan 30, 20258-K Executive or director change20
  3. Jan 22, 20258-K Executive or director change21
  4. Jan 8, 20258-K Unregistered sale of shares; Change to shareholders' rights; Bylaws or fiscal year changed22
  5. Jan 6, 20258-K Listing notice or transfer23
  6. Dec 23, 20248-K Shareholder vote24
  7. Dec 5, 20248-K Other events25
  8. Nov 25, 20248-K Listing notice or transfer26
  9. Nov 19, 20248-K Unregistered sale of shares; Bylaws or fiscal year changed27
  10. Nov 18, 20248-K Unregistered sale of shares; Change to shareholders' rights; Bylaws or fiscal year changed28
  11. Nov 6, 20248-K Earlier financial statements no longer reliable29
  12. Oct 24, 20248-K Listing notice or transfer30
  13. Nov 10, 2021New chief executive Gerard Garfield Law becomes CEO8

Calendar

When it reported results

  1. Nov 13, 2023Reported quarterly or annual results31
  2. Oct 10, 2023Reported quarterly or annual results32
  3. Aug 11, 2023Reported quarterly or annual results33
  4. May 12, 2023Reported quarterly or annual results34
  5. Mar 27, 2023Reported quarterly or annual results35
  6. Nov 10, 2022Reported quarterly or annual results36
  7. Aug 12, 2022Reported quarterly or annual results37
  8. May 13, 2022Reported quarterly or annual results38

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

Filings

229 filings to the SEC since October 2021: 3 annual reports, 7 quarterly reports, 51 major events, 97 insider forms, 35 large holders, 36 other. The latest 20:

  1. Feb 20, 202515-12G EDGAR
  2. Feb 10, 202525 EDGAR
  3. Feb 7, 2025SCHEDULE 13G/A EDGAR
  4. Feb 7, 2025SCHEDULE 13G/A EDGAR
  5. Jan 30, 20258-K EDGAR
  6. Jan 30, 20258-K EDGAR
  7. Jan 29, 2025SCHEDULE 13G/A EDGAR
  8. Jan 29, 2025SCHEDULE 13G/A EDGAR
  9. Jan 22, 20258-K EDGAR
  10. Jan 8, 20258-K EDGAR
  11. Jan 6, 20258-K EDGAR
  12. Dec 23, 20248-K EDGAR
  13. Dec 5, 20248-K EDGAR
  14. Nov 25, 20248-K EDGAR
  15. Nov 22, 2024DEF 14A EDGAR
  16. Nov 19, 20248-K/A EDGAR
  17. Nov 18, 20248-K EDGAR
  18. Nov 14, 2024NT 10-Q EDGAR
  19. Nov 12, 2024PRE 14A EDGAR
  20. Nov 12, 20244 EDGAR

The 229 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

107 open-market trades by officers, directors and large owners since October 2021: 13 buys and 94 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 1, 2024AWM Investment Company, Inc.10% ownerSale415,000$1.10$456.5KForm 4
Feb 29, 2024AWM Investment Company, Inc.10% ownerSale109,368$1.20$131.1KForm 4
Feb 28, 2024AWM Investment Company, Inc.10% ownerSale19,400$1.22$23.7KForm 4
Nov 28, 2023Freeman Bryan T.See RemarksBuy10,000$1.91$19.1KForm 4
Oct 17, 2023Kanen David10% ownerBuy110,000$2.35$258.5KForm 4
Oct 11, 2023Jagdale AkshayChief Financial OfficerBuy23,809$2.10$50.0KForm 4
Oct 11, 2023LAW GERARD GARFIELDChief Executive OfficerBuy23,809$2.10$50.0KForm 4
Oct 11, 2023de Cardenas Gilbert B.DirectorBuy23,809$2.10$50.0KForm 4
Oct 11, 2023Nelson Mark JosephDirectorBuy80,000$2.10$168.0KForm 4
Oct 11, 2023Freeman Bryan T.See RemarksBuy23,809$2.10$50.0KForm 4
Sep 19, 2023Strand Equity Partners III, LLC10% ownerSale1,880$4.00$7.5KForm 4
Sep 18, 2023Rodsky Seth10% ownerSale71,000$4.00$284.0KForm 4
Sep 15, 2023Rodsky Seth10% ownerSale58,184$4.00$232.7KForm 4
Sep 14, 2023Rodsky Seth10% ownerSale13,834$4.00$55.3KForm 4
Sep 8, 2023Strand Management Co10% ownerSale624$4.25$2.7KForm 4
Sep 7, 2023Strand Equity Partners III, LLC10% ownerSale1,050$4.25$4.5KForm 4
Sep 6, 2023Strand Equity Partners III, LLC10% ownerSale2,622$4.25$11.1KForm 4
Sep 5, 2023Strand Equity Partners III, LLC10% ownerSale100,000$4.25$425.0KForm 4
Aug 24, 2023Strand Equity Partners III, LLC10% ownerSale806$4.27$3.4KForm 4
Aug 24, 2023Schreider Josh10% ownerSale3,456,022$3.75$13.0MForm 4

All 107 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.

SEC filer profile

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

  • Name on EDGARReal Good Food Company, Inc.1
  • CIK0001871149
  • Employer ID (EIN)87-12803431
  • Filer status<br>emerging growth company1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)2000 Food and Kindred Products1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address3 Executive Campus, Suite 155, Cherry Hill, NJ 080021
  • Phone(856) 644-56241
  • Shares outstanding6,169,885 as of Mar 25, 20224
  • Public float$42.9M as of Jun 30, 202249
  • On EDGAR sinceJul 30, 20211
  • Filings236 in all: 4 (78), 8-K (50), SC 13G/A (20), 3 (18), SC 13G (10), 10-Q (7), CORRESP (5), SCHEDULE 13G/A (4)1
    All 38 form types

    UPLOAD (4), DEF 14A (3), NT 10-Q (3), 10-K (2), 424B5 (2), DEFA14A (2), EFFECT (2), S-1/A (2), S-8 (2), SC 13D/A (2), 10-K/A (1), 144 (1), 15-12G (1), 25 (1), 25-NSE (1), 4/A (1), 424B4 (1), 8-A12B (1), 8-K/A (1), ARS (1), CERT (1), DRS (1), DRS/A (1), DRSLTR (1), FWP (1), NT 10-K (1), PRE 14A (1), S-1 (1), S-3 (1), SC 13D (1)

  • Latest filingsAnnual report (10-K) Mar 31, 2023
    Quarterly report (10-Q) Nov 14, 2023
    Proxy statement (DEF 14A) Nov 22, 2024
    Latest 8-K (8-K) Jan 30, 2025

Sources

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