Quarterly report [Sections 13 or 15(d)]

CROP INVENTORY AND CROP SALES (Tables)

v3.26.1
CROP INVENTORY AND CROP SALES (Tables)
6 Months Ended
Jun. 30, 2026
Inventory Disclosure [Abstract]  
Schedule of Crop Sales
Revenue from the sale of crops and the related cost of sales for the three and six months ended June 30, 2026, are shown in the following table (dollars in thousands):
Three Months Ended June 30, 2026 Six Months Ended June 30, 2026
Crop sales(1)(2)
$ 333  $ 2,082 
Cost of sales(1)(3)
(256) (414)
(1)Reflected as a line item on our accompanying Condensed Consolidated Statements of Operations and Comprehensive Income.
(2)The majority of this revenue relates to a grower partner bonus associated with the 2025 pistachio crop, which was recognized when the amount became determinable and collectible. The related growing costs for this crop were previously expensed during the three months ended December 31, 2025.
(3)Reflective of a change in estimate, as the actual water and utility usage during the 2025 crop year was lower than previously estimated.