BSFC · Blue Star Foods Corp. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | $462.3K | $1.17M | $960.8K | - | $884.3K | $1.78M | $2.26M | - | $1.56M |
| Cost of Revenue | - | $34.4K | $919.6K | $869.1K | - | $887.9K | $1.48M | $2.09M | - | $1.59M |
| Gross Profit | - | $427.8K | $252.7K | $91.6K | - | ($3.6K) | $294.5K | $170.8K | - | ($24.8K) |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | $6.3K | $6.9K | $6.4K | - | $1.5K | $1.4K | $1.3K | - | $2.8K |
| Operating Income | - | ($412.8K) | ($493.9K) | ($971.5K) | - | ($919.8K) | ($691.7K) | ($842.2K) | - | ($740.3K) |
| Interest Expense | - | $104.1K | $171.9K | $208.0K | - | $439.2K | $871.2K | $335.1K | - | $799.7K |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | - | ($481.0K) | ($651.8K) | ($1.20M) | - | ($1.33M) | ($1.84M) | ($1.09M) | - | ($445.8K) |
| EPS - Basic | - | ($0.03) | ($0.04) | ($0.08) | - | ($0.48) | ($1.52) | ($2.00) | - | ($6.50) |
| EPS - Diluted | - | ($0.03) | ($0.04) | ($0.08) | - | ($0.48) | ($1.52) | ($2.00) | - | ($6.50) |
Balance Sheet
| Line item | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $14.4K | $82.8K | $46.0K | $23.0K | $326.9K | $72.7K | $73.1K | $22.3K | $24.2K | $488.8K |
| Accounts Receivable | $55.1K | $97.2K | $344.3K | $455.5K | $349.6K | $1.32M | $600.5K | $910.8K | $534.2K | $153.0K |
| Inventory | $405.0K | $117.3K | $249.0K | $342.8K | $447.8K | $2.37M | $2.64M | $2.28M | $2.61M | $1.99M |
| Accounts Payable | $538.6K | $492.9K | $599.8K | - | - | - | - | - | - | - |
| Current Assets | $1.16M | $1.03M | $1.20M | $1.75M | $2.23M | $5.45M | $5.77M | $4.54M | $4.10M | $4.95M |
| Total Assets | $1.39M | $1.27M | $1.47M | $2.05M | $2.55M | $7.84M | $8.10M | $6.86M | $6.36M | $7.24M |
| Current Liabilities | $3.69M | $2.70M | $2.76M | $2.44M | $2.64M | $2.92M | $3.23M | $3.67M | $3.20M | $6.21M |
| Long-term Debt | - | $258.3K | $48.5K | $208.1K | $52.9K | $127.2K | $188.5K | $533.1K | $481.3K | $391.2K |
| Total Liabilities | $3.74M | $2.97M | $2.84M | $2.69M | $2.75M | $3.11M | $3.49M | $4.28M | $3.77M | $6.76M |
| Stockholders' Equity | ($2.36M) | ($1.70M) | ($1.37M) | ($637.6K) | ($191.7K) | $4.73M | $4.61M | $2.58M | $2.59M | $482.3K |
| Retained Earnings | ($49.87M) | ($48.62M) | ($48.14M) | ($47.49M) | ($46.29M) | ($38.07M) | ($36.75M) | ($34.90M) | ($33.81M) | ($33.19M) |
Cash Flow
| Line item | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | - | ($392.6K) | - | - | - | ($679.9K) | - | - |
| Investing Cash Flow | - | - | - | ($9.9K) | - | - | - | ($23.1K) | - | - |
| Financing Cash Flow | - | - | - | $80.2K | - | - | - | $622.6K | - | - |
| CapEx | - | - | - | $9.9K | - | - | - | $23.1K | - | - |
| Free Cash Flow | - | - | - | ($402.5K) | - | - | - | ($703.1K) | - | - |
Ratios
| Metric | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | 92.5% | 21.6% | 9.5% | - | -0.4% | 16.6% | 7.6% | - | -1.6% |
| Operating margin | - | -89.3% | -42.1% | -101.1% | - | -104.0% | -38.9% | -37.3% | - | -47.4% |
| EBITDA margin | - | -87.9% | -41.5% | -100.5% | - | -103.8% | -38.9% | -37.2% | - | -47.2% |
| Net margin | - | -104.0% | -55.6% | -124.9% | - | -149.9% | -103.7% | -48.4% | - | -28.5% |
| Free cash flow margin | - | - | - | -41.9% | - | - | - | -31.1% | - | - |
| FCF / Net income | - | - | - | 0.34 | - | - | - | 0.64 | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | - | -37.7% | -44.3% | -58.5% | - | -16.9% | -22.7% | -15.9% | - | -6.2% |
| Return on equity | - | 28.3% | 47.7% | 188.2% | - | -28.0% | -39.9% | -42.4% | - | -92.4% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.31 | 0.38 | 0.44 | 0.72 | 0.84 | 1.86 | 1.78 | 1.24 | 1.28 | 0.80 |
| Quick ratio | 0.20 | 0.34 | 0.35 | 0.58 | 0.68 | 1.06 | 0.97 | 0.62 | 0.47 | 0.48 |
| Cash ratio | 0.00 | 0.03 | 0.02 | 0.01 | 0.12 | 0.02 | 0.02 | 0.01 | 0.01 | 0.08 |
| Leverage | ||||||||||
| Debt / Equity | - | -0.15 | -0.04 | -0.33 | -0.28 | 0.03 | 0.04 | 0.21 | 0.19 | 0.81 |
| Debt / Assets | - | 0.20 | 0.03 | 0.10 | 0.02 | 0.02 | 0.02 | 0.08 | 0.08 | 0.05 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | -4.0x | -2.9x | -4.7x | - | -2.1x | -0.8x | -2.5x | - | -0.9x |
| Equity multiplier | -0.59 | -0.75 | -1.08 | -3.22 | -13.33 | 1.66 | 1.76 | 2.66 | 2.45 | 15.01 |
| Liabilities / Assets | 2.70 | 2.33 | 1.93 | 1.31 | 1.08 | 0.40 | 0.43 | 0.62 | 0.59 | 0.93 |
| Efficiency | ||||||||||
| Asset turnover | - | 0.36 | 0.80 | 0.47 | - | 0.11 | 0.22 | 0.33 | - | 0.22 |
| Inventory turnover | - | 0.29 | 3.69 | 2.54 | - | 0.38 | 0.56 | 0.92 | - | 0.80 |
| Days sales outstanding | - | 77d | 107d | 173d | - | 543d | 123d | 147d | - | 36d |
| Days inventory outstanding | - | 1243d | 99d | 144d | - | 973d | 650d | 398d | - | 458d |
| Days payable outstanding | - | 5223d | 238d | - | - | - | - | - | - | - |
| Cash conversion cycle | - | -3904d | -32d | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | 0.3x | 0.5x | 47.1x | - | 92.6x |
| P / S | - | 0.8x | 0.9x | 0.8x | - | 1.6x | 1.4x | 53.7x | - | 28.6x |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | -47.7% | -34.0% | -57.5% | - | -43.4% | 7.3% | 19.1% | - | -35.7% |
| Revenue CAGR (3y) | - | -42.5% | -26.6% | -43.5% | - | -38.1% | -5.9% | -3.1% | - | -26.8% |
| Revenue CAGR (5y) | - | -35.0% | -16.4% | -26.8% | - | -29.5% | -27.4% | -22.7% | - | - |
| Gross profit growth (YoY) | - | - | -14.2% | -46.3% | - | 85.6% | 263.5% | -39.9% | - | 98.4% |
| Operating income growth (YoY) | - | 55.1% | 28.6% | -15.4% | - | -24.2% | 35.7% | 11.4% | - | 78.0% |
| Net income growth (YoY) | - | 63.7% | 64.6% | -9.8% | - | -197.2% | -26.9% | 44.0% | - | 88.1% |
| EPS growth (YoY) | - | 93.7% | 97.4% | 96.0% | - | 92.6% | -149.2% | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | 42.8% | - | - | - | 52.5% | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -1129.3% | - | - | - | - | 879.8% | - | 437.6% | - | -90.9% |