📊 BSFC Key Takeaways
Investment Thesis
Blue Star Foods is in severe financial distress with negative stockholders' equity of -$1.7M, indicating liabilities exceed assets. The company is burning cash with operating and free cash flows both deeply negative, while operating losses of -$1.9M on just $2.6M revenue demonstrate fundamental business model problems. Without immediate operational turnaround or capital injection, the company faces insolvency risk.
BSFC Strengths
- Gross margin of 29.8% suggests some product pricing power and production efficiency
- Minimal capital expenditure requirements indicate low fixed investment needs
- Small revenue base leaves room for growth if operations can be stabilized
BSFC Risks
- Negative stockholders' equity of -$1.7M indicates technical insolvency and balance sheet deterioration
- Operating margin of -72.4% shows the company loses $0.72 for every dollar of revenue generated
- Operating cash flow of -$372.1K and free cash flow of -$382.0K indicate rapid cash depletion with only $82.8K remaining
- Current ratio of 0.38x shows severe liquidity crisis with insufficient current assets to cover current liabilities
- Net margin of -89.9% demonstrates the business is fundamentally unprofitable
- Negative interest coverage of -3.9x indicates inability to service debt obligations from operations
Key Metrics to Watch
- Cash balance depletion rate - critical given only ~3 weeks of cash runway at current burn rate
- Operating income trend - must achieve positive operating income to avoid insolvency
- Revenue stabilization and growth - current $2.6M annualized revenue insufficient to support cost structure
BSFC Financial Metrics
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
BSFC Profitability Ratios
BSFC vs Consumer Sector
How Blue Star Foods Corp. compares to Consumer sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
BSFC Balance Sheet & Liquidity
BSFC 5-Year Financial Trend
5-Year Trend Summary: Blue Star Foods Corp.'s revenue has declined by 74% over the 5-year period, indicating business contraction. The most recent EPS of $-43.99 indicates the company is currently unprofitable.
BSFC Growth Metrics (YoY)
BSFC Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $259.8K | -$481.0K | $-0.03 |
| Q2 2025 | $635.0K | -$651.8K | $-0.04 |
| Q1 2025 | $960.8K | -$1.2M | $-0.08 |
| Q3 2024 | $884.3K | -$445.8K | $-0.13 |
| Q2 2024 | $1.7M | -$1.1M | $-1.52 |
| Q1 2024 | $1.9M | -$1.1M | $-0.04 |
| Q3 2023 | $1.6M | -$445.8K | $-0.13 |
| Q2 2023 | $1.7M | -$1.1M | $-0.61 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
BSFC Capital Allocation
BSFC SEC Filings
Access official SEC EDGAR filings for Blue Star Foods Corp. (CIK: 0001730773)
📋 Recent SEC Filings
❓ Frequently Asked Questions about BSFC
What is the AI rating for BSFC?
Blue Star Foods Corp. (BSFC) has an AI rating of STRONG SELL with 95% confidence, based on fundamental analysis of SEC EDGAR filings.
What are BSFC's key strengths?
Gross margin of 29.8% suggests some product pricing power and production efficiency. Minimal capital expenditure requirements indicate low fixed investment needs.
What are the risks of investing in BSFC?
Negative stockholders' equity of -$1.7M indicates technical insolvency and balance sheet deterioration. Operating margin of -72.4% shows the company loses $0.72 for every dollar of revenue generated.
What is BSFC's revenue and growth?
Blue Star Foods Corp. reported revenue of $2.6M.
Does BSFC pay dividends?
Blue Star Foods Corp. does not currently pay dividends.
Where can I find BSFC SEC filings?
Official SEC filings for Blue Star Foods Corp. (CIK: 0001730773) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is BSFC's EPS?
Blue Star Foods Corp. has a diluted EPS of $-0.12.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.