Equator Beverage Company (OTCQB: MOJO) reported first‑quarter 2026 revenue of $961,484, an 18% increase from $817,748 in the same period a year earlier. The growth was driven by expanded distribution and sustained demand for its premium coconut water portfolio, while the year‑over‑year increase slowed from the 28% rise recorded in Q1 2025.
Net income rose to $185,712, more than doubling the $84,034 reported for Q1 2025. The jump reflects continued cost control and a higher‑margin product mix, with the company’s lean two‑employee model delivering operating leverage.
Management highlighted the company’s lean structure and reiterated its commitment to opportunistic share repurchases while pursuing long‑term growth opportunities. CEO Glenn Simpson said, "We are pleased with our strong start to 2026, marked by continued revenue growth and operating momentum." He added, "Following a transformative 2025, we remain focused on scaling the business efficiently while continuing to invest in long‑term growth opportunities." The company also claims to be the only profitable over‑the‑counter (OTC), nonalcoholic beverage company in its category.
Equator Beverage Company faces several risks, including reliance on debt financing, rising costs such as ocean freight, and concentration risk with a limited customer and supplier base. A March 2026 report noted material weaknesses in internal control over financial reporting due to limited personnel and technical accounting oversight.
With revenue growth, a sharp increase in net income, and a disciplined operating model, Equator Beverage Company demonstrates strong execution, though it must navigate cost pressures and governance challenges to sustain its trajectory.
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