Farmer Bros Co reported a solid Q3 FY2025 despite a backdrop of macro headwinds in the coffee market. Revenue totaled $82.05 million, down 3.9% year-over-year and 8.9% quarter-over-quarter, while gross margin expanded to 42.1% from 40.1% a year ago. Importantly, the company delivered its third consecutive quarter of positive adjusted EBITDA at $1.7 million, supported by ongoing cost controls and pricing discipline. However, the quarter ended with a net loss of approximately $5.0 million, driven by non-cash and one-off asset-disposal effects that management characterized as non-operational and not indicative of recurring performance. Management emphasized rightsizing and organizational realignment (including leadership changes and a brand and SKU rationalization) as key drivers to sustain margins and support topline growth opportunities. In addition, management highlighted strategic initiatives (Sum>One Coffee Roasters, a tiered brand pyramid, and an expanded allied-products strategy) designed to drive density, cross-sell, and higher-margin mix over time. The balance sheet shows modest liquidity with $4.1 million unrestricted cash and $23.3 million drawn under the credit facility, leaving limited headroom for additional operating needs without continued cash flow improvement. Management remains cautiously optimistic that margins can stay above the 40% target as they continue inventory management, pricing actions, and cost-reduction programs in a persistently challenging demand environment. The near-term focus remains on growing top-line volumes through a renewed go-to-market strategy, improving route density, and expanding the allied-products revenue stream, while monitoring macro risks and tariff dynamics.