Suja Life (SUJA) Registration filing summary

Company overview and business model

• Operates a vertically integrated beverage platform focused on cold-pressed juices, wellness shots, and functional sodas, targeting the fast-growing natural healthy beverage (NHB) market.

• Portfolio includes Suja Organic, Vive Organic, and Slice, each addressing distinct consumer needs across health and wellness occasions.

• Products are distributed nationally through over 37,000 stores, with a strong presence in grocery, mass, club, and specialty channels.

• Emphasizes innovation, sustainability, and rapid go-to-market capabilities, supported by in-house manufacturing and R&D.

• Strategic M&A and brand-building are core to growth, with recent acquisitions and launches expanding category leadership.

Financial performance and metrics

• Fiscal 2025 net sales reached $327 million, up 26% from $259 million in 2024, with a 20.6% CAGR from 2023–2025.

• Gross margin improved to 48% in 2025, up 366 basis points from 2023.

• Adjusted EBITDA was $40.5 million in 2025 (12% margin), relatively flat year-over-year, reflecting investment in new brands.

• Net loss for 2025 was $23.3 million, compared to $20.8 million in 2024.

• Suja Core segment delivered $320 million in net sales and $66 million in Adjusted EBITDA (21% margin) in 2025.

Use of proceeds and capital allocation

• Net proceeds of ~$182.8 million (at $22.50/share IPO price) will be used to acquire newly issued and existing LP Units in Holdings LP.

• Holdings LP will use proceeds to repay $143.6 million in debt, pay ~$19.4 million in employee bonuses, and cover offering expenses.

• No proceeds will be received from shares sold by the selling shareholder.