LMNR

MKT CAP:$232M

Limoneira Company

Market Cap

$232M

Consumer Defensive·Agricultural Farm Products·🇺🇸 United States·NASDAQ

Consumer Def.·Agricultural·🇺🇸·NASDAQ

Stock Price

$12.79+$0.01 (+0.08%)

Apr 23, 2026

Company Details

Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates through three divisions: Agribusiness, Rental Operations, and Real Estate Development. It grows...

CEO

Harold S. Edwards

IPO Date

Oct 7, 2003

Website

www.limoneira.com

Key Metrics TTM

Revenue

$127M

-26.0% YoY

Net Income

-$19M

EPS (Diluted)

-$1.11

Free Cash Flow

-$38M

Revenue / Share

$7.11

Gross Margin

-3.9%

Operating Margin

-21.3%

Net Margin

-15.3%

FCF Margin

-29.6%

P/S

1.8x

P/E

—

Earnings Reports

Q1 2026

Jan 30, 2026

$18M-46.9%EPS -$0.53

Q2 2025

Jun 9, 2025

$35MEPS -$0.20

Q1 2025

Mar 12, 2025

$34M-13.7%EPS -$0.18

Q1 2024

Mar 7, 2024

$40MEPS -$0.20

Q2 2023

Jun 6, 2023

$48MEPS -$0.09

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 16	$40M	$18M	$14M
Q4 16	$20M	$3M	-$887.0K
Q1 17	$28M	$608.0K	-$3M
Q2 17	$37M	$9M	$6M
Q3 17	$40M	$16M	$13M
Q4 17	$16M	-$523.0K	-$4M
Q1 18	$32M	$2M	-$2M
Q2 18	$43M	$13M	$9M
Q3 18	$40M	$15M	$11M
Q1 19	$42M	$2M	-$3M
Q2 19	$42M	$4M	-$1M
Q2 23	$48M	$9M	$10M
Q1 24	$40M	-$879.0K	-$8M
Q1 25	$34M	-$365.0K	-$5M
Q2 25	$35M	$2M	-$3M
Q1 26	$18M	-$6M	-$10M

Valuation

Quarter	P/S	P/E
Q3 16	—	—
Q4 16	—	—
Q1 17	2.0x	23.8x
Q2 17	2.4x	24.2x
Q3 17	2.6x	35.4x
Q4 17	2.7x	48.9x
Q1 18	2.5x	18.1x
Q2 18	2.8x	18.2x
Q3 18	3.1x	19.8x
Q1 19	2.4x	19.8x
Q2 19	2.4x	31.4x
Q2 23	1.8x	64.3x
Q1 24	1.9x	—
Q1 25	2.4x	—
Q2 25	1.7x	—
Q1 26	2.0x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 16	$17M	$13M
Q4 16	$3M	$445.0K
Q1 17	-$4M	-$7M
Q2 17	$7M	$4M
Q3 17	$18M	$14M
Q4 17	-$2M	-$5M
Q1 18	-$5M	-$7M
Q2 18	$12M	$9M
Q3 18	$16M	-$574.0K
Q1 19	-$4M	-$10M
Q2 19	$9M	$5M
Q2 23	$3M	-$519.0K
Q1 24	-$10M	-$12M
Q1 25	-$13M	-$17M
Q2 25	$9M	$7M
Q1 26	-$12M	-$15M

Capital Expenditures

Quarter	CapEx
Q3 16	$3M
Q4 16	$3M
Q1 17	$2M
Q2 17	$3M
Q3 17	$4M
Q4 17	$3M
Q1 18	$2M
Q2 18	$3M
Q3 18	$17M
Q1 19	$5M
Q2 19	$3M
Q2 23	$3M
Q1 24	$2M
Q1 25	$4M
Q2 25	$2M
Q1 26	$3M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 17	+34.8%	+22.0%
Q3 17	+1.2%	+5.9%
Q4 17	-18.5%	-1.0%
Q1 18	+12.5%	+6.4%
Q2 18	+16.9%	+10.0%
Q3 18	-1.1%	+4.8%
Q1 19	+163.8%	+122.9%
Q2 19	+33.1%	+29.1%
Q2 23	+11.4%	+13.3%
Q1 24	-0.5%	+67.0%
Q1 25	-18.4%	-12.0%
Q2 25	-16.5%	-10.6%
Q1 26	-62.1%	-25.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 16	$499.0K	1.3%
Q4 16	$297.0K	1.5%
Q1 17	$587.0K	2.1%
Q2 17	$293.0K	0.8%
Q3 17	$208.0K	0.5%
Q4 17	$240.0K	1.5%
Q1 18	$708.0K	2.2%
Q2 18	$231.0K	0.5%
Q3 18	$277.0K	0.7%
Q1 19	$789.0K	1.9%
Q2 19	$439.0K	1.0%
Q2 23	$965.0K	2.0%
Q1 24	$864.0K	2.2%
Q1 25	$932.0K	2.7%
Q2 25	$551.0K	1.6%
Q1 26	$0	0.0%

OpEx Breakdown

Quarter	SG&A
Q3 16	$3M
Q4 16	$4M
Q1 17	$4M
Q2 17	$3M
Q3 17	$3M
Q4 17	$4M
Q1 18	$4M
Q2 18	$4M
Q3 18	$4M
Q1 19	$5M
Q2 19	$5M
Q2 23	$6M
Q1 24	$7M
Q1 25	$6M
Q2 25	$6M
Q1 26	$4M

Revenue Segments

Quarter	Agribusiness
Q3 18	$39M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$960.0K	$0	$960.0K
Q3 22	$995.0K	$0	$995.0K
Q4 22	$857.0K	$0	$857.0K
Q1 23	$12M	$0	$12M
Q2 23	$10M	$0	$10M
Q3 23	$11M	$0	$11M
Q4 23	$4M	$0	$4M
Q1 24	$527.0K	$0	$527.0K
Q2 24	$1M	$0	$1M
Q3 24	$1M	$0	$1M
Q4 24	$3M	$0	$3M
Q1 25	$1M	$0	$1M
Q2 25	$2M	$0	$2M
Q3 25	$2M	$0	$2M
Q4 25	$2M	$0	$2M
Q1 26	$1M	$0	$1M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 16	15M	+6.3%	—
Q4 16	14M	-5.9%	—
Q1 17	14M	+0.2%	—
Q2 17	15M	+3.6%	+3.8%
Q3 17	15M	+1.8%	-0.5%
Q4 17	14M	-3.9%	+1.6%
Q1 18	15M	+4.0%	+5.5%
Q2 18	15M	+0.3%	+2.1%
Q3 18	17M	+10.2%	+10.4%
Q1 19	17M	+5.7%	+21.4%
Q2 19	18M	+4.2%	+21.6%
Q2 23	18M	-3.4%	+17.1%
Q1 24	18M	+0.2%	+6.5%
Q1 25	18M	+0.9%	+1.7%
Q2 25	18M	+0.2%	-2.2%
Q1 26	18M	+0.5%	+1.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 16	$119.8K	333
Q4 16	$70.8K	276
Q1 17	$101.8K	276
Q2 17	$133.7K	276
Q3 17	$146.4K	276
Q4 17	$56.1K	284
Q1 18	$111.2K	284
Q2 18	$151.9K	284
Q3 18	$140.7K	284
Q1 19	$146.9K	286
Q2 19	$147.0K	286
Q2 23	$181.4K	265
Q1 24	$154.6K	257
Q1 25	$142.3K	241
Q2 25	$145.7K	241
Q1 26	$75.5K	241

Revenue / Employee