What Mama's Creations, Inc. told the SEC could break it.

Mama's purchases proteins and other raw-material commodities subject to market supply/demand volatility, trade policy and the price of other commodities; rising protein costs already pressured margins, and the company estimates a 1% increase in commodity prices would have raised cost of sales by ~$880 thousand in FY2026, with uncertain ability to pass through price increases.

“A 1% increase in commodity prices would have negatively impacted costs of sales by approximately $880 thousand during the fiscal year ended January 31, 2026.”

Mama's Creations has heavy customer concentration — in the year ended January 31, 2026 two customers accounted for ~38% and ~17% of gross revenue (and a single customer was ~44% in FY2025), with two customers also ~35% and ~12% of outstanding receivables; loss of, or reduced orders from, its largest grocery/retail customer would materially hurt revenue. (Customers not named, so recorded as concentration risk rather than named edges.)

“For the year ended January 31, 2026, the Company's gross revenue was concentrated in two customers that accounted for approximately 38 % and 17 % of gross revenue, respectively.”

Mama's finished-goods inventory is located in a small number of warehouse facilities, so a natural disaster, fire, power interruption, work stoppage or other catastrophic event at one of these sites could significantly disrupt its ability to fulfill orders and operate, a meaningful concentration risk for a perishable-food distributor.

“Our finished goods inventory is located in a small number of warehouse facilities. A natural disaster, fire, power interruption, work stoppage, or other unanticipated catastrophic event at these facilities would significantly disrupt our ability to deliver our products and operate our business.”

Mama's manufacturing facilities and products are subject to FDA and USDA inspection and to the Food, Drug and Cosmetic Act and Food Safety Modernization Act (GMPs, HACCP plans for its own and contract-manufacturing facilities); a food-safety failure, recall, market withdrawal or product-liability judgment — or government-inspector furloughs from budget cuts — could materially harm its business and reputation.

“We are subject to the Food, Drug and Cosmetic Act and regulations promulgated thereunder by the FDA as well as related legislation, including the Food Safety Modernization Act.”