Goodfood Market Corp. has reported its third-quarter results for 2025, announcing net sales of $31 million and a gross profit of $14 million, resulting in a gross margin of 44.3%. The company achieved a net income of $0.1 million and an adjusted EBITDA of $3 million, with an adjusted EBITDA margin of 8.6%. Operating activities provided cash flows of $1 million, while adjusted free cash flow stood at $0.2 million for the quarter. Goodfood's cash balance and marketable securities totaled $17 million, including a Bitcoin Exchange-Traded Fund valued at $3.2 million at the quarter's end, based on an initial investment of $3.0 million. Goodfood's CEO, Jonathan Ferrari, highlighted the success of the company's operational efficiency and product innovation strategies, which contributed to positive adjusted free cash flow. Despite a decline in net sales compared to the previous year, the average basket size and net sales per active customer reached record highs. The company's Heat & Eat meals in Quebec generated $1 million in run-rate revenue without advertising, indicating strong product-market fit and growth potential. The company continues to focus on nurturing customer relationships and pursuing profitable growth, aiming to expand its portfolio of next-generation brands in Canada. Goodfood noted that its net sales and expenses are impacted by seasonality, with expectations of lower net sales during the winter holiday and summer seasons when more customers skip deliveries. Additionally, packaging costs are anticipated to rise during periods of extreme weather to maintain food quality.