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Whole Earth Brands, Inc
~5 min film100% real numbersplain English
WHAT DOES THIS COMPANY DO?
Whole Earth Brands, Inc. What it actually does.

Develops and markets zero-calorie and low-calorie sweeteners. Offers plant-based sweetener products. Now — the numbers.

on the stock market since 2019
590 employees
$211.6M market value
WHERE DOES THE MONEY COME FROM?
77%Branded Cpg
Branded CpgFlavors Ingredients 23%
77% of all revenue comes from a single line: Branded Cpg.

That much dependence is a risk in itself: if this one line weakens, the whole company feels it directly.

Revenue last year:
$550.9M
The loss that same year:
$38.1M
For every $1 it earns, the company spends $1.1.

The company closed last year at a loss: costs ran above sales. The picture changes only if spending is reined in.

THE SALES TREND
Sales are growing, year after year.

Average growth of 19% a year over the last 4 years. Red columns mark years that ended in a loss.

$272.1M
2019
2020
2021
2022
$550.9M
2023
In the vault right now:
$30.5M
DEBT: $443.4M
At this pace, that money lasts less than a year.

Before the clock runs out, either sales must climb sharply or new money must come in. This is the most critical line in the whole picture.

Every quarter, analysts set a profit bar.
How many of the last 8 did the company clear?
0 / 8
EXPECTATIONS MET OR BEATEN
0
Nov 2022
Aug 2024
0 TIMES IN THE LAST 8 QUARTERS
It misses the bar more often than not.
THE PRICE TAG
MARKET VALUE / ANNUAL SALES
0.4×

This company is not turning a profit, so the market is pricing its sales instead: 0.4× for every dollar of annual revenue.

No analyst target is on record for this company.

THE FIVE-YEAR JOURNEY
A long and steep decline.

An investor who bought at the very peak is down 67% today. The business is the same; what changed most is the price — and the expectations — the market pins on it.

1
THE BRIGHT SIDE · 1/2
Sales keep climbing

Over the last 4 years, sales grew about 19% a year on average.

2
THE BRIGHT SIDE · 2/2
Sales are holding up

The company sells $550.9M a year; the problem isn’t sales — it’s costs running above that number.

1
THE RISKS · 1/2
The losses continue

A loss of $38.1M against $550.9M in annual sales.

2
THE RISKS · 2/2
The cash has a countdown

At the current pace of spending, the cash lasts less than a year. After that, the company needs to find new money.

FINALE · THE GRADE
grade pending

We don’t have a report card for this stock yet — the data isn’t mature enough to grade. No grade is information too: it means the evidence is thin.

One-line summary: few numbers, an untested story. Keep watching.

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This was a film — not investment advice.
Data: FMP & company filings
Sep 11, 2026 · stockexpertai.com · Stock Film