- Odd Burger (TSXV:ODD) posted its highest-ever quarterly revenue of C$1.04 million, a 42.8 per cent increase over Q2 and 18.8 per cent year-over-year growth
- The company reported positive EBITDA of C$40,407, a major turnaround from Q2’s negative C$242,019, signalling profitable core operations.
- Net loss narrowed by 60 per cent to C$147,905, while salaries and wages dropped 57 per cent year-over-year, reflecting leaner staffing and cost control
- Odd Burger stock (TSXV:ODD) opened trading 6.25 per cent higher at $0.17
Vegan fast-food stock Odd Burger (TSXV:ODD) announced its unaudited financial results for Q3 ended June 30, 2025. The company reported its highest quarterly revenue in history and achieved positive earnings before interest, taxes, depreciation, and amortization (EBITDA), marking a significant milestone in its journey toward sustained profitability.
This content has been prepared as part of a partnership with Odd Burger Corp. and is intended for informational purposes only.
Financial highlights – Q3 2025
- Revenue: C$1,044,646 — a record high, up 42.8 per cent from Q2 2025 and 18.8 per cent from Q3 2024.
- EBITDA: C$40,407 — a turnaround from Q2’s negative C$242,019, signaling profitable core operations.
- Gross margin: C$443,575 (42.5 per cent) — up from 34.0 per cent in Q2, driven by increased franchise revenue and improved pricing in retail channels.
- Net loss: C$(147,905) — a 60 per cent improvement over Q2’s C$(372,300).
- Salaries and wages: C$126,658 — down 57 per cent year-over-year due to leaner staffing.
- SG&A expenses: C$222,912 — reduced by C$130,569 from Q2.
Growth driven by franchise and CPG channels
Odd Burger’s revenue growth was fueled by expanded food processing sales to franchise and consumer packaged goods (CPG) channels. The company’s gross margin improved significantly to 42.5 per cent, reflecting strategic pricing adjustments and stronger franchise performance.
Operational efficiency and cost management
The company continued to streamline operations, with salaries and wages dropping 57 per cent year-over-year. While professional fees rose to C$211,433 due to legal and investor relations activities, SG&A expenses were down quarter-over-quarter, reflecting disciplined cost control.
Can I speak to the manager?
“Achieving positive EBITDA this quarter marks a critical milestone for Odd Burger,” Odd Burger’s CEO and co-founder, James McInnes said in a news release. “It validates the strength of our business model and demonstrates that we can scale efficiently while maintaining operational discipline. Surpassing C$1 million in quarterly revenue for the first time—paired with strong gross margins—highlights both the growing demand for our offering and the exceptional execution by our team”
Order up
Odd Burger’s Q3 net loss narrowed substantially, and the company posted positive EBITDA for the first time in recent quarters. Although EBITDA was lower than Q3 2024, the shift from a significant negative in Q2 2025 underscores the company’s improving financial health.
About Odd Burger
Odd Burger Corp. is a franchised vegan fast-food restaurant chain that manufactures a proprietary line of plant-based protein and dairy alternatives. The company’s restaurants operate as smart kitchens, using state-of-the art cooking technology and automation solutions to deliver a delicious food experience.
Odd Burger stock (TSXV:ODD) opened trading 6.25 per cent higher at $0.17 and has risen 21.43 per cent since this time last year but has lost 46.88 per cent since this time last year.
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