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Goodfood Market

GDDFF
34
Personal Products & Services · Consumer Cyclical
Price
$0.02
+0.00 (+0.00%)
Market Cap
$1.5M
Exchange
Other OTC
Winston Score
34
Winston is serious
Below-average fundamentals — multiple weak pillars.
Data as of Aug 23, 2026 · filings through May 31, 2026
How the score breaks down
Quality
Good
Growth
Weak
Cash Flow
Weak
Stability
Data not available
Valuation
Data not available

Share count rising — dilution

+27.1% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 70.7M (2021) → 89.9M (2025)

Winston Score History

The full picture

Goodfood Market Corp. is a Canadian meal kit and grocery delivery company. It sells pre-portioned ingredients and ready-to-eat meals directly to consumers, who use them to cook dinners at home without needing to shop for groceries. The company operates primarily in Canada and competes in the online food delivery space alongside larger grocery chains and global meal kit brands.

Goodfood makes money by charging customers for individual orders or through subscription-style delivery plans. It is a small company, with a market cap near zero, and has struggled to reach consistent profitability — its operating margin is currently negative and its return on invested capital is deeply negative, signaling the business spends more than it earns. The key challenge going forward is achieving enough scale to cover its logistics and food costs, as intense competition from grocery retailers and other delivery services makes it difficult to grow revenue while keeping prices attractive to customers.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-30.0% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-183.3% YoY

YoY Growth Rate

Earnings declining

R&D Spend

C$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

19.2%ownership

Insiders own a meaningful stake in the company

Cash Runway

~19 months

C$7M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Adequate runway but may need to raise capital within 2 years

Revenue declining

Goodfood Market's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
41.4%
Healthy — 41.4% gross margin
Profit after running costs
Operating Margin
11.9%
Modest — 11.9% operating margin
Return on the money invested
ROCE
43.6%
Exceptional — 43.6% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

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Growth

Sales growth
Sales YoY
-25.7%
Shrinking sales (-25.7% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
2/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
-4.2%
Burning cash (-4.2%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
N/A
Data not available
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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