SequelSEC

Blue Star Foods Corp. BSFC

Prepared Fresh or Frozen Fish & Seafoods · CIK 0001730773 · Fiscal year ends 1231

AnnualQuarterlyTTM
Revenue
$2.89M
Fiscal year ended 2025-12-31
Operating income
-$2.34M
Fiscal year ended 2025-12-31
Free cash flow
-$684.48K
Fiscal year ended 2025-12-31

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

Blue Star Foods Corp. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-31
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 & developmentUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesshares 37.42Mshares 3.01MUnavailableshares 25.16MUnavailableshares 18.26Mshares 16.20Mshares 15.15Mshares 15.00M
Pretax incomeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Income tax expenseUnavailableUnavailableUnavailableUnavailable$2.10K$1.12K$4.41K$3.00KUnavailable
Diluted EPS$-0.10$-4.15$-43.99$-0.52Unavailable$-0.25$-0.31$-0.15$0.03
Selling, general & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
General & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

Blue Star Foods Corp. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-31
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) equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
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
GoodwillUnavailableUnavailableUnavailableUnavailable$445.40K$445.40K$445.40KUnavailableUnavailable
Long-term debtUnavailable$52.86K$481.33KUnavailable$31.26KUnavailableUnavailable$31.20K$33.88K
Accounts payable$538.64K$307.12KUnavailableUnavailableUnavailable$1.61M$3.53M$3.16M$4.41M

Cash flow

Blue Star Foods Corp. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-31
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$296.79KUnavailable$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$2.26MUnavailableUnavailable
Common dividends paidUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Common share repurchasesUnavailableUnavailable$76.32KUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Depreciation & amortization$26.99K$5.87K$4.52K$584.39K$384.96K$268.34K$215.09K$64.00KUnavailable

Derived

Blue Star Foods Corp. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-31
Free cash flow-$684.48K-$6.30M-$3.69M-$3.92MUnavailable$4.52M$1.57M$3.62M-$3.11M
Gross margin40.5%-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%Unavailable32.0%6.6%11.2%-8.4%
SBC / revenue0.1%0.1%1.1%1.5%5.3%1.0%9.5%UnavailableUnavailable
Current ratio0.31x0.84x1.28x0.68x1.42x0.65x0.81x0.92x0.91x
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 / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenue0.3%2.8%2.6%2.3%Unavailable0.4%0.0%0.1%0.1%
Long-term debt / equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rateUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

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.