NASDAQ : BRFH
Barfresh Food Group, Inc. — Financial statements
Consumer Staples · Beverages - Non-Alcoholic · United States
Last price 0.561 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 9.15M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Barfresh Food Group, Inc. (BRFH) reported revenue of 19.99M 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 | 19.99M | 14.21M | 10.72M | 8.13M | 9.16M | 6.70M |
| Cost of Revenue | 17.40M | 11.09M | 7.05M | 5.24M | 7.72M | 4.19M |
| Gross Profit | 2.59M | 3.11M | 3.67M | 2.88M | 1.44M | 2.51M |
| Selling, General & Admin | 5.77M | 5.85M | 6.18M | 5.30M | 6.41M | 3.98M |
| Operating Expenses | 5.84M | 6.03M | 6.44M | 5.70M | 6.83M | 4.60M |
| Operating Income | -3.25M | -2.91M | -2.77M | -2.82M | -5.39M | -2.10M |
| Interest Expense | -751.00K | -217.00K | -52.00K | -8.00K | -128.00K | |
| Other Non Operating Income (Expenses) | -97.00K | -97.00K | 16.00K | |||
| EBT Excluding Unusual Items | -4.10M | -3.23M | -2.83M | -2.82M | -5.39M | -2.21M |
| Merger & Restructuring Charges | -526.00K | -518.00K | ||||
| Asset Writedown | -746.00K | |||||
| Other Unusual Items | 767.00K | 767.00K | 942.00K | |||
| Pretax Income | -3.86M | -2.98M | -2.83M | -2.82M | -6.13M | -1.26M |
| Income Tax Expense | -285.00K | -285.00K | ||||
| Net Income | -3.58M | -2.69M | -2.83M | -2.82M | -6.13M | -1.26M |
| Net Income to Common | -3.58M | -2.69M | -2.83M | -2.82M | -6.13M | -1.26M |
| Shares Outstanding (Basic) | 16.02M | 15.80M | 14.68M | 13.36M | 12.92M | 12.07M |
| Shares Outstanding (Diluted) | 16.02M | 15.80M | 14.68M | 13.36M | 12.92M | 12.07M |
| EPS (Basic) | -0.22 | -0.17 | -0.19 | -0.21 | -0.47 | -0.10 |
| EPS (Diluted) | -0.22 | -0.17 | -0.19 | -0.21 | -0.47 | -0.10 |
| Free Cash Flow | -4.13M | -1.79M | -2.28M | -2.94M | -2.66M | -2.01M |
| Free Cash Flow Per Share | -0.26 | -0.11 | -0.15 | -0.22 | -0.21 | -0.17 |
| Gross Margin | 12.96% | 21.92% | 34.23% | 35.49% | 15.72% | 37.42% |
| Operating Margin | -16.27% | -20.51% | -25.87% | -34.65% | -58.81% | -31.27% |
| Profit Margin | -17.88% | -18.96% | -26.36% | -34.75% | -66.95% | -18.88% |
| Free Cash Flow Margin | -20.68% | -12.59% | -21.29% | -36.18% | -29.04% | -30.03% |
| EBITDA | -3.00M | -2.66M | -2.49M | -2.41M | -4.94M | -1.46M |
| EBITDA Margin | -15.01% | -18.71% | -23.23% | -29.69% | -53.96% | -21.73% |
| D&A For EBITDA | 253.00K | 255.00K | 283.00K | 403.00K | 444.00K | 639.00K |
| EBIT | -3.25M | -2.91M | -2.77M | -2.82M | -5.39M | -2.10M |
| EBIT Margin | -16.27% | -20.51% | -25.87% | -34.65% | -58.81% | -31.27% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 324.00K | 325.00K | 235.00K | 1.89M | 2.81M | 5.53M |
| Cash & Short-Term Investments | 324.00K | 325.00K | 235.00K | 1.89M | 2.81M | 5.53M |
| Accounts Receivable | 1.09M | 1.96M | 829.00K | 821.00K | 126.00K | 1.22M |
| Other Receivables | 32.00K | 99.00K | 55.00K | 160.00K | 101.00K | |
| Receivables | 1.12M | 2.06M | 884.00K | 981.00K | 227.00K | 1.22M |
| Inventory | 2.16M | 1.67M | 1.50M | 1.21M | 1.05M | 705.00K |
| Prepaid Expenses | 194.00K | 182.00K | 104.00K | 67.00K | 79.00K | 64.00K |
| Restricted Cash | 211.00K | 142.00K | ||||
| Total Current Assets | 3.80M | 4.23M | 2.72M | 4.15M | 4.37M | 7.67M |
| Property, Plant & Equipment | 8.66M | 8.30M | 333.00K | 409.00K | 819.00K | 1.68M |
| Other Intangible Assets | 125.00K | 125.00K | 178.00K | 241.00K | 306.00K | 370.00K |
| Other Long-Term Assets | 139.00K | 180.00K | 84.00K | 7.00K | 7.00K | 7.00K |
| Total Assets | 12.72M | 12.83M | 3.32M | 4.81M | 5.50M | 9.72M |
| Accounts Payable | 3.91M | 6.02M | 1.70M | 2.17M | 2.03M | 974.00K |
| Accrued Expenses | 536.00K | 561.00K | 209.00K | 138.00K | 519.00K | 440.00K |
| Short-Term Debt | 167.00K | 1.12M | 609.00K | |||
| Current Portion of Long-Term Debt | 726.00K | 3.33M | 99.00K | |||
| Current Portion of Leases | 20.00K | 81.00K | ||||
| Total Current Liabilities | 5.34M | 11.03M | 2.62M | 2.31M | 2.57M | 1.50M |
| Long-Term Debt | 7.47M | 470.00K | 124.00K | |||
| Long-Term Leases | 14.00K | |||||
| Other Long-Term Liabilities | 34.00K | |||||
| Total Liabilities | 12.81M | 11.50M | 2.74M | 2.31M | 2.57M | 1.54M |
| Additional Paid-In Capital | 68.75M | 67.64M | 64.20M | 63.30M | 60.91M | 60.34M |
| Retained Earnings | -68.84M | -66.31M | -63.62M | -60.80M | -57.97M | -52.16M |
| Shareholders' Equity | -84.00K | 1.33M | 578.00K | 2.50M | 2.93M | 8.18M |
| Total Liabilities & Equity | 12.72M | 12.83M | 3.32M | 4.81M | 5.50M | 9.72M |
| Total Debt | 8.36M | 4.92M | 832.00K | 20.00K | 95.00K | |
| Net Cash (Debt) | -8.04M | -4.60M | -597.00K | 1.89M | 2.79M | 5.44M |
| Net Cash Per Share | -0.50 | -0.29 | -0.04 | 0.14 | 0.22 | 0.45 |
| Filing Date Shares Outstanding | 16.31M | 16.10M | 15.81M | 14.51M | 12.97M | 12.92M |
| Total Common Shares Outstanding | 16.21M | 15.97M | 14.75M | 14.42M | 12.93M | 12.91M |
| Working Capital | -1.54M | -6.80M | 107.00K | 1.85M | 1.80M | 6.17M |
| Book Value Per Share | -0.01 | 0.08 | 0.04 | 0.17 | 0.23 | 0.63 |
| Tangible Book Value | -209.00K | 1.21M | 400.00K | 2.26M | 2.63M | 7.81M |
| Tangible Book Value Per Share | -0.01 | 0.08 | 0.03 | 0.16 | 0.20 | 0.60 |
| Land | 357.00K | 357.00K | ||||
| Buildings | 1.83M | 1.83M | ||||
| Machinery | 3.91M | 3.76M | 2.77M | 2.96M | 3.04M | 4.45M |
| Construction In Progress | 4.35M | 5.14M | 152.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -3.58M | -2.69M | -2.83M | -2.82M | -6.13M | -1.26M |
| Depreciation & Amortization | 253.00K | 255.00K | 283.00K | 403.00K | 444.00K | 639.00K |
| Other Amortization | 129.00K | 22.00K | 6.00K | 56.00K | ||
| Loss (Gain) From Sale of Assets | 18.00K | |||||
| Asset Writedown & Restructuring Costs | 746.00K | |||||
| Stock-Based Compensation | 591.00K | 633.00K | 784.00K | 573.00K | 559.00K | 280.00K |
| Other Operating Activities | -1.05M | -1.05M | -958.00K | |||
| Change in Accounts Receivable | 589.00K | 1.00K | -8.00K | -695.00K | 1.10M | -798.00K |
| Change in Inventory | -153.00K | -286.00K | -166.00K | -343.00K | 165.00K | |
| Change in Accounts Payable | -61.00K | 1.13M | -399.00K | 202.00K | 1.06M | 585.00K |
| Change in Other Net Operating Assets | 140.00K | 42.00K | 216.00K | -451.00K | -76.00K | -565.00K |
| Operating Cash Flow | -3.14M | -1.67M | -2.23M | -2.94M | -2.65M | -1.86M |
| Capital Expenditures | -992.00K | -123.00K | -53.00K | -13.00K | -151.00K | |
| Cash Acquisitions | -1.22M | -1.22M | ||||
| Investing Cash Flow | -2.21M | -1.35M | -53.00K | -13.00K | -151.00K | |
| Short-Term Debt Issued | 9.07M | 2.81M | ||||
| Long-Term Debt Issued | 65.00K | 1.83M | 568.00K | |||
| Total Debt Issued | 21.66M | 9.07M | 2.88M | 1.83M | 568.00K | |
| Short-Term Debt Repaid | -8.58M | -2.21M | ||||
| Long-Term Debt Repaid | -204.00K | -22.00K | -840.00K | |||
| Total Debt Repaid | -16.49M | -8.78M | -2.23M | -840.00K | ||
| Net Debt Issued (Repaid) | 5.18M | 289.00K | 646.00K | 1.83M | -272.00K | |
| Issuance of Common Stock | 2.97M | 5.00K | 6.00M | |||
| Repurchase of Common Stock | -81.00K | -161.00K | -20.00K | -18.00K | ||
| Other Financing Activities | -128.00K | |||||
| Financing Cash Flow | 4.97M | 3.10M | 626.00K | 1.81M | 5.00K | 5.73M |
| Net Cash Flow | -388.00K | 90.00K | -1.66M | -1.13M | -2.66M | 3.72M |
| Free Cash Flow | -4.13M | -1.79M | -2.28M | -2.94M | -2.66M | -2.01M |
| Free Cash Flow Margin | -20.68% | -12.59% | -21.29% | -36.18% | -29.04% | -30.03% |
| Free Cash Flow Per Share | -0.26 | -0.11 | -0.15 | -0.22 | -0.21 | -0.17 |
| Levered Free Cash Flow | -649.50K | 1.99M | -1.37M | -1.73M | -670.50K | -1.27M |
| Unlevered Free Cash Flow | -309.12K | 2.10M | -1.34M | -1.73M | -670.50K | -1.25M |
| Free Cash Flow After Leases | -4.13M | -1.79M | -2.28M | -2.94M | -2.66M | -2.01M |
| Change in Working Capital | 515.00K | 1.17M | -477.00K | -1.11M | 1.74M | -613.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 9.22M | 46.79M | 43.35M | 22.14M | 16.82M | 84.48M |
| Enterprise Value | 17.25M | 47.23M | 43.28M | 21.13M | 14.02M | 78.89M |
| Last Close Price | 0.57 | 2.93 | 2.94 | 1.59 | 1.30 | 6.55 |
| Forward PE | 60.99 | 60.99 | 60.99 | 6.61 | 24.26 | |
| PS Ratio | 0.46 | 3.29 | 4.04 | 2.72 | 1.83 | 12.61 |
| PB Ratio | 35.18 | 75.01 | 8.85 | 5.73 | 10.33 | |
| P/TBV Ratio | 38.83 | 108.38 | 9.79 | 6.40 | 10.82 | |
| EV/Sales Ratio | 0.86 | 3.32 | 4.04 | 2.60 | 1.53 | 11.78 |
| Debt / Equity Ratio | -99.51 | 3.70 | 1.44 | 0.01 | 0.01 | |
| Net Debt / Equity Ratio | -95.66 | 3.46 | 1.03 | -0.76 | -0.95 | -0.67 |
| Net Debt / EBITDA Ratio | -2.68 | -1.73 | -0.24 | 0.78 | 0.56 | 3.73 |
| Net Debt / FCF Ratio | -1.94 | -2.57 | -0.26 | 0.64 | 1.05 | 2.70 |
| Asset Turnover | 2.42 | 1.76 | 2.64 | 1.58 | 1.20 | 0.86 |
| Inventory Turnover | 8.70 | 7.01 | 5.20 | 4.64 | 8.81 | 5.32 |
| Quick Ratio | 0.27 | 0.22 | 0.43 | 1.25 | 1.18 | 4.52 |
| Current Ratio | 0.71 | 0.38 | 1.04 | 1.80 | 1.70 | 5.13 |
| Return on Equity (ROE) | -364.24% | -282.39% | -183.38% | -103.90% | -110.43% | -24.09% |
| Return on Assets (ROA) | -24.66% | -22.56% | -42.65% | -34.12% | -44.24% | -16.86% |
| Return on Capital Employed (ROCE) | -44.10% | -161.90% | -395.00% | -112.50% | -183.70% | -25.50% |
| Earnings Yield | -39.49% | -5.76% | -6.52% | -12.75% | -36.48% | -1.50% |
| FCF Yield | -44.86% | -3.82% | -5.26% | -13.28% | -15.82% | -2.38% |
| Buyback Yield / Dilution | -5.37% | -7.67% | -9.87% | -3.37% | -7.07% | -9.12% |