Sadot Group
Sadot Group Inc. (NASDAQ: SDOT) is a Burleson, Texas-based public company that operates global food and feed commodity trading, shipping, and farm operations. Originally founded as restaurant chain Muscle Maker, Inc. in 2017, it pivoted to agri-food supply chain services after a 2021-2023 rebrand.
- Company typePublic
- Founded2017
- HeadquartersBurleson, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Sadot Group does
Sadot Group Inc. (NASDAQ: SDOT) is a publicly traded global food supply chain operator headquartered at 295 E. Renfro Street, Suite 300, Burleson, Texas. The company specializes in trading, shipping, and farm operations for food and feed products across international markets, serving participants in the global food and feed commodity supply chain. Originally incorporated in 2017 as Muscle Maker, Inc. — a burger restaurant concept — the company rebranded to Sadot Group Inc. between 2021 and 2023 and pivoted into commodities trading. The firm claims a global operating footprint spanning North America and LATAM, though its wholly owned subsidiary Sadot Latam LLC was sold and deconsolidated in June 2026.
The business model is transaction-fee-based commodity trading. The trading arm booked $132 million in Q1 2025 but reported $0 revenue for Q1 2026 ending March 31. The company previously generated material LATAM revenue through Sadot Latam LLC, which was divested to Dream America Marketing Services, Ltd. for $1,000 cash plus a 27.5% profit-share on specified receivables. Go-to-market is purely direct commercial engagement with food industry participants; the company maintains no consumer-facing marketing, relying instead on investor relations and SEC filings for stakeholder communications.
Sadot is in severe financial distress. Preliminary unaudited 2025 revenue fell to approximately $247 million from $701 million in 2024 — a 65% decline attributed to insufficient working capital and receivables collection delays in the LATAM division. Estimated 2025 operating loss of $82.0 million reversed a $6.2 million operating income in 2024. With total liabilities of $60.8 million against only $2.4 million in total assets, shareholders' equity is negative $58.4 million, raising substantial doubt about going concern. The company has relied on a series of dilutive and debt-financed capital actions — a $1 million 8% debenture private placement (February 2026), a public offering (October 2025), debt-for-equity settlements retiring approximately $3.36 million via 90,000 shares, and a 1-for-20 reverse stock split (May 2026) — to maintain Nasdaq listing. Leadership turnover has been significant: Chagay Ravid was appointed CEO in May 2025, CFO Paul Sansom resigned December 2025, and the company appointed ag-industry veteran Claudio Torres to the board in February 2025.
Sadot Group firmographics
Firmographics- Name
- Sadot Group
- Legal name
- Sadot Group, Inc.
- Website
- https://sadotgroupinc.com
- Company type
- Public
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Sadot Group Inc. (NASDAQ: SDOT) is a Burleson, Texas-based public company that operates global food and feed commodity trading, shipping, and farm operations. Originally founded as restaurant chain Muscle Maker, Inc. in 2017, it pivoted to agri-food supply chain services after a 2021-2023 rebrand.
- Ownership category
- akta.pro rank
Sadot Group industry classification
Industry- Product category
- Agricultural Commodities Trading
- NAICS
- Farm Product Raw Material Merchant Wholesalers (4245), Grain and Field Bean Merchant Wholesalers (424510), Farm Product Warehousing and Storage (493130)
- SIC
- Wholesale-Farm Product Raw Materials (5150)
- akta.pro primary industry
- Import/Export & Cross-Border Food Commodity Trading (AFAIAKAL)
- akta.pro secondary industries
- Grain & Oilseed Trading/Wholesale (AFAIAKAA), Commodity Risk Management, Hedging & Brokerage (Food) (AFAIAKAK), Food & Beverage Cold Chain Logistics (Fresh, Chilled, Frozen) (TLAIAIAE)
Keywords
Where Sadot Group is headquartered
LocationHeadquarters
- HQ city
- Burleson
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Sadot Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Supply Chain, Personnel, Marketing or Sales, Others
Revenue model
- Commodities Trading: Global food supply chain operations involving trading, shipping, and farm operations related to food and feed products. The trading arm booked $132 million in Q1 2025 but reported $0 revenue for Q1 2026 ending March 31.
- Asset Sale / Deconsolidation: Proceeds from sale of wholly owned subsidiary Sadot Latam LLC to Dream America Marketing Services, Ltd., structured with $1,000 upfront payment plus 27.5% profit-sharing on specified receivables.
Distribution channels1 record
Marketing channels2 records
Sadot Group product offering
Product offeringCore offering
Sadot Group operates in the global food supply chain, providing commodity trading, international shipping, and farm operations for food and feed products. The company sources, trades, and distributes agricultural commodities across multiple international regions, serving food industry participants worldwide.
Product overview
Sadot Group Inc. is a single unified business offering global food supply chain solutions. The company specializes in trading, shipping, and farm operations related to food and feed products, operating internationally across several key regions. The company previously operated as Muscle Maker, Inc. (a burger chain) and has since pivoted to become a commodities trader. Sadot Latam LLC, a wholly owned subsidiary, was sold and deconsolidated in Q2 2026. The company trades on NASDAQ under the ticker SDOT.
Differentiator
Problem solved
Functional benefit
Products and services
- Global Food Supply Chain Operations
Companies that use Sadot Group
Customer profileSegments1 record
Ideal customer profiles1 record
Sadot Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Sadot Group partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Dream America Marketing Services, Ltd.minorAcquired Sadot Latam LLC from Sadot Group under a Share Purchase Agreement signed June 26, 2026, for $1,000 cash plus a 27.5% profit-sharing arrangement on specified receivables.
Scale indicators6 records
Recent moves8 records
Expansion highlights4 records
Sadot Group competitors and assessment
Company assessmentDirect peers
- Bunge Global: Bunge is one of the world's largest agribusiness and food commodity traders, handling grains, oilseeds, and food/feed products across global supply chains — directly comparable to Sadot Group's trading and shipping operations.
- Viterra: Viterra (formerly Glencore Agriculture) is a leading global agricultural commodities business originating, transporting, storing, and marketing grains, oilseeds, and food products — directly aligned with Sadot's origination, trading, and shipping focus.
- ED&F Man: ED&F Man is a global commodities trader specializing in sugar, coffee, grains, and animal feed, with a similar origination-and-trading model to Sadot Group's food and feed commodity flows.
- Louis Dreyfus Company: Louis Dreyfus is a major vertically integrated commodity merchandiser dealing in grains, oilseeds, rice, and feed ingredients globally — a closely comparable global food/feed trading platform to Sadot Group's model.
- Noble Group: Noble Group (post-restructuring Noble Resources) is a global commodity trading and supply chain manager active in grains, oilseeds, and food ingredients — a similarly scaled peer operating across cross-border food commodity flows.
- Olam Group: Olam is a Singapore-listed global food and agri-business operating across origination, trading, and supply chains for grains, feed ingredients, and other food commodities — directly comparable to Sadot Group's international trading business.
- Wilmar International: Wilmar is Asia's largest agribusiness group, engaged in the sourcing, processing, and trading of food and feed commodities including grains and oilseeds, comparable to Sadot's cross-border food commodity trading model.
Broad incumbents
- Cargill: Cargill is a privately held global agribusiness giant trading grains, oilseeds, animal nutrition, and food ingredients across international markets. It competes with Sadot in the same global food and feed commodity flows but at vastly greater scale.
- Archer-Daniels-Midland (ADM): ADM is a global leader in agricultural commodity origination, processing, and trading across food and feed markets. It operates a much broader and deeper supply chain platform than Sadot but shares the same core trading, origination, and logistics model.
- COFCO International: COFCO International is the overseas agriculture platform of China's COFCO Group, trading grains, oilseeds, and food products globally. It competes with Sadot in cross-border food commodity origination and trading at far greater scale.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights5 records
Customer concentration
Sadot Group social profiles
Digital presenceSadot Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Sadot Group leadership team
Management profileNumber of profiles
Profiles3 records
Sadot Group subsidiaries and ownership
Company hierarchySubsidiaries1 record
Sadot Group funding detail
Funding detailFunding overview
Funding rounds5 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Sadot Group M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Sadot Group
What does Sadot Group do?
Sadot Group operates in the global food supply chain, providing commodity trading, international shipping, and farm operations for food and feed products. The company sources, trades, and distributes agricultural commodities across multiple international regions, serving food industry participants worldwide.
Is Sadot Group a public or private company?
Sadot Group is a public company. It is classified as public and is currently operating.
When was Sadot Group founded?
Sadot Group was founded in 2017. It employs 101 to 250 people.
Where is Sadot Group based?
Sadot Group is headquartered in Burleson, United States, in the North America region.
How does Sadot Group make money?
Two revenue lines are on record. Commodities Trading is the primary driver. The others are asset Sale / Deconsolidation.
Who are Sadot Group's main competitors?
Direct peers on record are Bunge Global, Viterra, ED&F Man, Louis Dreyfus Company, Noble Group, Olam Group and Wilmar International. Broad incumbents are Cargill, Archer-Daniels-Midland (ADM) and COFCO International.
Does Sadot Group have an API?
No public API is recorded for Sadot Group.
What industry is Sadot Group in?
Sadot Group's product category is Agricultural Commodities Trading. Its primary akta.pro industry code is AFAIAKAL, Import/Export & Cross-Border Food Commodity Trading, with a secondary code of AFAIAKAA, Grain & Oilseed Trading/Wholesale. Its NAICS code is 4245 and its SIC code is 5150.