Revenue
$2.89M
Fiscal year ended 2025-12-31Operating income
-$2.34M
Fiscal year ended 2025-12-31Free cash flow
-$684.48K
Fiscal year ended 2025-12-31Valuation, from the filing
| Public float | $2.20M | Market value of stock held by non-affiliates, as stated on the cover page for 2025-06-30 |
|---|---|---|
| Float per share | $0.01 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / revenue | 0.8× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.
Blue Star Foods Corp. (BSFC) reported revenue of $2.89M and net income of -$3.58M for the fiscal year ended 2025-12-31. This page shows 9 annual periods of income statement, balance sheet and cash flow figures normalized from Blue Star Foods Corp.’s SEC filings, each linked to the filing it came from.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.89M | $3.59M | $6.12M | $12.77M | $9.97M | $14.11M | $23.83M | $32.17M | $36.95M |
| Cost of revenue | $1.72M | $4.88M | $5.97M | $13.42M | $7.98M | $12.62M | $20.61M | $27.23M | $31.25M |
| Gross profit | $1.17M | -$1.29M | $158.08K | -$651.99K | $1.99M | $1.49M | $3.22M | $4.94M | $5.70M |
| Operating income | -$2.34M | -$10.12M | -$4.23M | -$11.61M | -$2.78M | -$1.80M | -$3.95M | -$1.27M | $1.34M |
| Net income | -$3.58M | -$12.48M | -$4.47M | -$13.19M | -$2.61M | -$4.45M | -$4.99M | -$2.26M | $393.87K |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 37.42M | shares 3.01M | Unavailable | shares 25.16M | Unavailable | shares 18.26M | shares 16.20M | shares 15.15M | shares 15.00M |
| Pretax income | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Income tax expense | Unavailable | Unavailable | Unavailable | Unavailable | $2.10K | $1.12K | $4.41K | $3.00K | Unavailable |
| Diluted EPS | $-0.10 | $-4.15 | $-43.99 | $-0.52 | Unavailable | $-0.25 | $-0.31 | $-0.15 | $0.03 |
| Selling, general & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $14.44K | $326.85K | $24.16K | $9.26K | $1.16M | $55.64K | $153.90K | $13.14K | $29.38K |
| Total assets | $1.39M | $2.55M | $6.36M | $8.68M | $15.95M | $7.82M | $15.75M | $13.48M | $18.24M |
| Current assets | $1.16M | $2.23M | $4.10M | $6.52M | $9.63M | $4.73M | $11.78M | $13.15M | $17.79M |
| Total liabilities | $3.74M | $2.75M | $3.77M | $9.92M | $7.04M | $7.84M | $16.27M | $14.30M | $19.50M |
| Current liabilities | $3.69M | $2.64M | $3.20M | $9.53M | $6.79M | $7.26M | $14.57M | $14.30M | $19.46M |
| Total equity incl. NCI | -$2.36M | -$191.70K | $2.59M | -$1.25M | $8.91M | -$19.72K | -$519.71K | -$819.51K | -$1.33M |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | $404.98K | $447.76K | $2.61M | $4.81M | $2.12M | $1.83M | $7.98M | $8.13M | $12.95M |
| Accounts receivable | $55.09K | $349.64K | $534.20K | $813.42K | $1.23M | $1.08M | $2.07M | $3.45M | $4.68M |
| Goodwill | Unavailable | Unavailable | Unavailable | Unavailable | $445.40K | $445.40K | $445.40K | Unavailable | Unavailable |
| Long-term debt | Unavailable | $52.86K | $481.33K | Unavailable | $31.26K | Unavailable | Unavailable | $31.20K | $33.88K |
| Accounts payable | $538.64K | $307.12K | Unavailable | Unavailable | Unavailable | $1.61M | $3.53M | $3.16M | $4.41M |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$674.56K | -$6.20M | -$3.53M | -$3.62M | -$4.83M | $4.58M | $1.58M | $3.64M | -$3.08M |
| Capital expenditures | $9.91K | $101.74K | $159.61K | $296.79K | Unavailable | $55.54K | $9.04K | $26.68K | $33.49K |
| Investing cash flow | -$9.91K | -$101.74K | -$159.61K | -$695.28K | -$773.41K | $343.24K | -$269.70K | -$26.68K | -$33.49K |
| Financing cash flow | $443.33K | $6.42M | $3.68M | $3.08M | $6.48M | -$4.80M | -$1.51M | -$3.29M | $2.86M |
| Net change in cash | -$312.42K | $302.69K | $14.90K | -$1.15M | $817.83K | $141.88K | -$151.41K | $288.35K | -$189.78K |
| Stock-based compensation | $3.76K | $2.99K | $69.12K | $187.38K | $530.51K | $139.38K | $2.26M | Unavailable | Unavailable |
| Common dividends paid | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Common share repurchases | Unavailable | Unavailable | $76.32K | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Depreciation & amortization | $26.99K | $5.87K | $4.52K | $584.39K | $384.96K | $268.34K | $215.09K | $64.00K | Unavailable |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | -$684.48K | -$6.30M | -$3.69M | -$3.92M | Unavailable | $4.52M | $1.57M | $3.62M | -$3.11M |
| Gross margin | 40.5% | -35.9% | 2.6% | -5.1% | 20.0% | 10.5% | 13.5% | 15.4% | 15.4% |
| Operating margin | -80.9% | -281.5% | -69.1% | -91.0% | -27.9% | -12.8% | -16.6% | -3.9% | 3.6% |
| FCF margin | -23.7% | -175.2% | -60.3% | -30.7% | Unavailable | 32.0% | 6.6% | 11.2% | -8.4% |
| SBC / revenue | 0.1% | 0.1% | 1.1% | 1.5% | 5.3% | 1.0% | 9.5% | Unavailable | Unavailable |
| Current ratio | 0.31x | 0.84x | 1.28x | 0.68x | 1.42x | 0.65x | 0.81x | 0.92x | 0.91x |
| Revenue YoY growth | -19.5% | -41.3% | -52.0% | 28.0% | -29.3% | -40.8% | -25.9% | -13.0% | Unavailable |
| Net margin | -123.9% | -347.2% | -73.0% | -103.4% | -26.1% | -31.5% | -20.9% | -7.0% | 1.1% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | 0.3% | 2.8% | 2.6% | 2.3% | Unavailable | 0.4% | 0.0% | 0.1% | 0.1% |
| Long-term debt / equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open BSFC in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-07-31View SEC filing
10-Q · Filed 2026-07-16View SEC filing
10-K · Filed 2026-05-22View SEC filing
10-Q · Filed 2025-11-12View SEC filing
10-Q · Filed 2025-08-19View SEC filing
10-Q · Filed 2025-07-15View SEC filing
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.