Functional Brands Announces Second Quarter 2026 Financial Results

Functional Brands reported Q2 revenue of $1.87 million, a 2% increase year-over-year, with gross margin expanding 710 basis points to 59.9%. Despite the margin expansion, the company swung to a net loss of $2.6 million, driven by increased operating expenses and non-cash derivative valuation changes. The company disclosed that its common stock was delisted from Nasdaq and now trades on OTC Markets, and a proposed blockchain acquisition with BullionFX was terminated. In a separate legal matter, the company noted that the Circuit Court entered judgment largely in its favor regarding litigation brought by True Health Medical Center.

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