Functional Brands IPO: revenue, losses and offering terms from its S-1
Functional Brands listed on Nasdaq as MEHA on 6 Nov 2025 in a direct listing. Revenue was $6.6 million in 2024, down 4% from 2023, with a net loss of $559,356.
Headlines
- Revenue, 2024
- $7M
- Down 4% on the year before
- Net loss, 2024
- $559,356
- Revenue, First half of 2025
- $3M
- Down 2% on a year earlier
- Price range
- Not set yet
Functional Brands IPO terms
From the final prospectus (424B4).
- Exchange
- Nasdaq Capital Market
- Ticker
- MEHA
- IPO price
- Direct listing
- Registered
- $143M, the amount the filing fee is paid on
- First filed
- 8 Jan 2025
Functional Brands revenue and profit
| Period | Revenue | Operating income | Net income |
|---|---|---|---|
| 2023 | $7M | - | -$1M |
| 2024 | $7M | -$229,092 | -$559,356 |
| First half of 2024 | $3M | - | - |
| First half of 2025 | $3M | -$187,536 | -$352,838 |
Functional Brands share structure and company facts
- Employees
- 33
- Headquarters
- Lake Oswego, Oregon
Functional Brands' IPO filings
The registration statement, each amendment and the final prospectus, oldest first.
About the data
- Terms and financials are read from Functional Brands' newest prospectus (424B4 filed 6 Nov 2025) by a Kadoa workflow. Check figures that matter against the filing.
- Registered is the amount the filing fee is paid on, often a placeholder before the price range is set.
- Raised is the IPO price times the shares sold, without the underwriters' option. Trading compares the first and latest close with the IPO price.