NASDAQ : BHST
BioHarvest Sciences Inc. — Financial statements
Consumer Staples · Packaged Foods · Canada
Last price 1.66 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 37.63M
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Financial statements
BioHarvest Sciences Inc. (BHST) reported revenue of 35.48M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 35.48M | 34.51M | 25.19M | 12.67M | 5.50M | 2.10M |
| Cost of Revenue | 14.56M | 14.03M | 11.25M | 7.04M | 4.28M | 1.43M |
| Gross Profit | 20.91M | 20.48M | 13.94M | 5.63M | 1.22M | 670.00K |
| Selling, General & Admin | 21.51M | 20.74M | 16.13M | 12.23M | 9.52M | 5.03M |
| Research & Development | 5.79M | 5.31M | 4.80M | 3.37M | 2.31M | 4.13M |
| Operating Expenses | 27.30M | 26.05M | 20.93M | 15.60M | 11.83M | 9.16M |
| Operating Income | -6.38M | -5.58M | -6.99M | -9.97M | -10.61M | -8.49M |
| Interest Expense | -2.04M | -2.72M | -1.24M | -938.00K | -508.00K | -805.00K |
| Interest & Investment Income | 265.00K | 54.00K | ||||
| Currency Exchange Gain (Loss) | -1.83M | -1.83M | -75.00K | 26.00K | 230.00K | 290.00K |
| Other Non Operating Income (Expenses) | -985.00K | -985.00K | -4.61M | -1.69M | -346.00K | -821.00K |
| EBT Excluding Unusual Items | -10.98M | -11.06M | -12.90M | -12.56M | -11.24M | -9.83M |
| Pretax Income | -10.98M | -11.06M | -12.90M | -12.56M | -11.24M | -9.83M |
| Income Tax Expense | 97.00K | 76.00K | 8.00K | |||
| Earnings From Continuing Operations | -11.07M | -11.13M | -12.91M | -12.56M | -11.24M | -9.83M |
| Net Income | -11.07M | -11.13M | -12.91M | -12.56M | -11.24M | -9.83M |
| Net Income to Common | -11.07M | -11.13M | -12.91M | -12.56M | -11.24M | -9.83M |
| Shares Outstanding (Basic) | 21.08M | 18.41M | 16.19M | 13.53M | 13.05M | 12.45M |
| Shares Outstanding (Diluted) | 21.08M | 18.41M | 16.19M | 13.53M | 13.05M | 12.45M |
| EPS (Basic) | -0.53 | -0.60 | -0.80 | -0.93 | -0.86 | -0.79 |
| EPS (Diluted) | -0.53 | -0.60 | -0.80 | -0.93 | -0.86 | -0.79 |
| Free Cash Flow | -10.75M | -9.58M | -9.52M | -10.00M | -10.50M | -8.43M |
| Free Cash Flow Per Share | -0.51 | -0.52 | -0.59 | -0.74 | -0.80 | -0.68 |
| Gross Margin | 58.95% | 59.34% | 55.35% | 44.45% | 22.17% | 31.87% |
| Operating Margin | -17.99% | -16.16% | -27.75% | -78.65% | -193.02% | -403.95% |
| Profit Margin | -31.21% | -32.27% | -51.27% | -99.15% | -204.37% | -467.51% |
| Free Cash Flow Margin | -30.31% | -27.77% | -37.79% | -78.88% | -190.92% | -401.24% |
| EBITDA | -5.80M | -5.11M | -6.54M | -9.58M | -10.33M | -8.43M |
| EBITDA Margin | -16.36% | -14.81% | -25.96% | -75.57% | -187.83% | |
| D&A For EBITDA | 578.00K | 464.00K | 451.00K | 390.00K | 285.00K | 65.00K |
| EBIT | -6.38M | -5.58M | -6.99M | -9.97M | -10.61M | -8.49M |
| EBIT Margin | -17.99% | -16.16% | -27.75% | -78.65% | -193.02% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 15.21M | 23.02M | 2.39M | 5.36M | 1.74M | 4.12M |
| Short-Term Investments | 1.01M | 10.00K | 13.00K | |||
| Cash & Short-Term Investments | 16.22M | 23.04M | 2.40M | 5.36M | 1.74M | 4.12M |
| Accounts Receivable | 2.90M | 1.98M | 1.12M | 808.00K | 545.00K | 386.00K |
| Other Receivables | 1.28M | 262.00K | 226.00K | 423.00K | 663.00K | 234.00K |
| Receivables | 4.18M | 2.24M | 1.34M | 1.23M | 1.21M | 620.00K |
| Inventory | 5.78M | 4.56M | 3.65M | 2.47M | 1.38M | 928.00K |
| Prepaid Expenses | 595.00K | 441.00K | ||||
| Other Current Assets | 68.00K | 15.00K | ||||
| Total Current Assets | 26.18M | 30.50M | 7.86M | 9.05M | 4.32M | 5.67M |
| Property, Plant & Equipment | 17.93M | 16.73M | 16.77M | 5.77M | 4.91M | 4.36M |
| Other Long-Term Assets | 463.00K | 433.00K | 371.00K | 179.00K | 163.00K | 179.00K |
| Total Assets | 44.57M | 47.66M | 25.00M | 15.00M | 9.39M | 10.21M |
| Accounts Payable | 2.75M | 2.63M | 3.52M | 1.78M | 1.07M | 875.00K |
| Accrued Expenses | 347.00K | 2.33M | 2.13M | 1.86M | 861.00K | 830.00K |
| Short-Term Debt | 3.90M | 20.53M | 8.55M | |||
| Current Portion of Long-Term Debt | 2.66M | 149.00K | ||||
| Current Portion of Leases | 1.76M | 1.41M | 772.00K | 382.00K | 339.00K | 386.00K |
| Current Unearned Revenue | 415.00K | 492.00K | 906.00K | 718.00K | 394.00K | |
| Other Current Liabilities | 3.75M | 686.00K | 3.02M | 1.19M | 309.00K | 832.00K |
| Total Current Liabilities | 11.68M | 7.68M | 14.26M | 26.47M | 11.52M | 2.92M |
| Long-Term Debt | 2.42M | |||||
| Long-Term Leases | 11.28M | 10.13M | 9.14M | 1.43M | 1.67M | 2.27M |
| Other Long-Term Liabilities | 1.85M | 1.98M | 272.00K | 1.96M | 2.13M | 2.16M |
| Total Liabilities | 24.80M | 22.22M | 23.67M | 29.86M | 15.32M | 7.35M |
| Common Stock | 133.67M | 133.00M | 97.75M | 68.65M | 65.01M | 62.56M |
| Retained Earnings | -113.91M | -107.55M | -96.42M | -83.50M | -70.94M | -59.70M |
| Total Common Equity | 19.76M | 25.45M | 1.33M | -14.85M | -5.93M | 2.85M |
| Shareholders' Equity | 19.76M | 25.45M | 1.33M | -14.85M | -5.93M | 2.85M |
| Total Liabilities & Equity | 44.57M | 47.66M | 25.00M | 15.00M | 9.39M | 10.21M |
| Total Debt | 15.70M | 14.10M | 13.82M | 22.34M | 10.56M | 2.66M |
| Net Cash (Debt) | 528.00K | 8.93M | -11.41M | -16.98M | -8.82M | 1.46M |
| Net Cash Per Share | 0.03 | 0.49 | -0.70 | -1.26 | -0.68 | 0.12 |
| Filing Date Shares Outstanding | 22.67M | 22.67M | 17.33M | 16.43M | 13.16M | 12.98M |
| Total Common Shares Outstanding | 22.67M | 22.67M | 17.33M | 13.68M | 13.16M | 12.96M |
| Working Capital | 14.50M | 22.82M | -6.40M | -17.41M | -7.20M | 2.74M |
| Book Value Per Share | 0.87 | 1.12 | 0.08 | -1.09 | -0.45 | 0.22 |
| Tangible Book Value | 19.76M | 25.45M | 1.33M | -14.85M | -5.93M | 2.85M |
| Tangible Book Value Per Share | 0.87 | 1.12 | 0.08 | -1.09 | -0.45 | 0.22 |
| Buildings | 2.69M | |||||
| Machinery | 959.00K | 1.12M | 5.22M | 1.02M | 2.46M | |
| Leasehold Improvements | 243.00K | 400.00K | 400.00K | 571.00K | 564.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -11.07M | -11.13M | -12.91M | -12.56M | -11.24M | -9.83M |
| Depreciation & Amortization | 1.74M | 1.62M | 1.25M | 840.00K | 712.00K | 389.00K |
| Stock-Based Compensation | 953.00K | 597.00K | 601.00K | 563.00K | 1.35M | 3.37M |
| Other Operating Activities | 3.28M | 3.63M | 4.93M | 1.88M | 239.00K | -627.00K |
| Change in Accounts Receivable | -1.28M | -865.00K | -308.00K | -262.00K | -159.00K | -168.00K |
| Change in Inventory | -1.65M | -904.00K | -1.19M | -1.09M | -450.00K | -828.00K |
| Change in Accounts Payable | 542.00K | 482.00K | 1.04M | 1.51M | 730.00K | 998.00K |
| Change in Unearned Revenue | -577.00K | -415.00K | 188.00K | 354.00K | ||
| Change in Other Net Operating Assets | -438.00K | -240.00K | -286.00K | 240.00K | -429.00K | -98.00K |
| Operating Cash Flow | -8.51M | -7.23M | -6.68M | -8.52M | -9.24M | -6.79M |
| Capital Expenditures | -2.24M | -2.35M | -2.83M | -1.47M | -1.26M | -1.64M |
| Other Investing Activities | -14.00K | -10.00K | -192.00K | |||
| Investing Cash Flow | -3.25M | -2.37M | -3.03M | -1.47M | -1.26M | -1.64M |
| Short-Term Debt Issued | 13.52M | 7.66M | ||||
| Long-Term Debt Issued | 12.40M | 3.42M | ||||
| Total Debt Issued | 6.42M | 12.40M | 3.42M | 13.52M | 7.66M | |
| Long-Term Debt Repaid | -7.15M | -1.38M | -364.00K | -359.00K | -332.00K | |
| Lease Payments | -1.96M | -1.38M | -579.00K | -364.00K | -359.00K | -332.00K |
| Total Debt Repaid | -7.93M | -7.15M | -1.38M | -364.00K | -359.00K | -332.00K |
| Net Debt Issued (Repaid) | -1.51M | 5.25M | 2.04M | 13.15M | 7.30M | -332.00K |
| Issuance of Common Stock | 25.10M | 25.10M | 4.74M | 403.00K | 877.00K | 11.10M |
| Other Financing Activities | -424.00K | -159.00K | -38.00K | |||
| Financing Cash Flow | 23.16M | 30.19M | 6.78M | 13.56M | 8.14M | 10.77M |
| Foreign Exchange Rate Adjustments | 87.00K | 39.00K | -34.00K | 59.00K | -22.00K | -4.00K |
| Net Cash Flow | 11.48M | 20.64M | -2.96M | 3.62M | -2.38M | 2.33M |
| Free Cash Flow | -10.75M | -9.58M | -9.52M | -10.00M | -10.50M | -8.43M |
| Free Cash Flow Margin | -30.31% | -27.77% | -37.79% | -78.88% | -190.92% | -401.24% |
| Free Cash Flow Per Share | -0.51 | -0.52 | -0.59 | -0.74 | -0.80 | -0.68 |
| Levered Free Cash Flow | -11.85M | -10.78M | -3.85M | -5.08M | -7.09M | -3.83M |
| Unlevered Free Cash Flow | -10.57M | -9.08M | -3.08M | -4.49M | -6.77M | -3.32M |
| Free Cash Flow After Leases | -12.71M | -10.96M | -10.10M | -10.36M | -10.86M | -8.77M |
| Cash Interest Paid | 532.00K | 141.00K | 136.00K | |||
| Cash Income Tax Paid | 39.00K | 39.00K | 45.00K | |||
| Change in Working Capital | -3.41M | -1.94M | -555.00K | 755.00K | -308.00K | -96.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 35.82M | 117.58M | 107.09M | 75.75M | 100.57M | 163.31M |
| Enterprise Value | 35.29M | 123.97M | 115.01M | 85.62M | 106.15M | 158.77M |
| Last Close Price | 1.66 | 5.19 | 6.18 | 5.54 | 7.64 | 12.60 |
| Forward PE | 45.92 | 45.92 | ||||
| PS Ratio | 1.06 | 3.41 | 4.25 | 5.98 | 18.29 | 77.69 |
| PB Ratio | 1.90 | 4.62 | 80.52 | -5.10 | -16.96 | 57.20 |
| P/TBV Ratio | 1.90 | 4.62 | 80.52 | 57.20 | ||
| EV/Sales Ratio | 1.05 | 3.59 | 4.57 | 6.76 | 19.31 | 75.53 |
| Debt / Equity Ratio | 0.79 | 0.55 | 10.39 | -1.50 | -1.78 | 0.93 |
| Net Debt / Equity Ratio | -0.03 | -0.35 | 8.58 | -1.14 | -1.49 | -0.51 |
| Net Debt / EBITDA Ratio | 0.09 | 1.75 | -1.75 | -1.77 | -0.85 | 0.17 |
| Net Debt / FCF Ratio | 0.05 | 0.93 | -1.20 | -1.70 | -0.84 | 0.17 |
| Asset Turnover | 0.98 | 0.95 | 1.26 | 1.04 | 0.56 | 0.27 |
| Inventory Turnover | 2.94 | 3.42 | 3.67 | 3.66 | 3.71 | 2.79 |
| Quick Ratio | 1.75 | 3.29 | 0.26 | 0.25 | 0.26 | 1.62 |
| Current Ratio | 2.24 | 3.97 | 0.55 | 0.34 | 0.38 | 1.94 |
| Return on Equity (ROE) | -142.50% | -83.17% | -3,509.64% | |||
| Return on Assets (ROA) | -11.02% | -9.59% | -21.84% | -51.07% | -67.67% | -68.42% |
| Return on Capital Employed (ROCE) | -19.40% | -13.90% | -65.10% | 86.90% | 499.20% | -116.60% |
| Earnings Yield | -33.24% | -9.47% | -12.06% | -16.59% | -11.17% | -6.02% |
| FCF Yield | -28.58% | -8.15% | -8.89% | -13.20% | -10.44% | -5.17% |
| Buyback Yield / Dilution | -21.61% | -13.69% | -19.66% | -3.67% | -4.87% | -28.15% |