Friday 6 November 2026
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Blue Star Foods Corp.
BSFCD Consumer Defensive Packaged Foods
Blue Star Foods Corp.’s revenue for fiscal 2025 (year ended December 2025) was $2.9 million, down 19.5% from fiscal 2024.
- Revenue
- −54.6%
- EPS
- +98.9%
- Free cash flow
- −123.1%
- Total debt
- +701.4%
Quarter to June 2026, against a year earlier
0.20
0.00
0.00%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | 32 | 24 | 14 | 10 | 13 | 6 | 4 | 3 | 2 | (29.1%) | — | — | — | — | |
| Gross margin, % | — | — | 15.35 | 13.51 | 10.54 | 19.99 | (5.11) | 2.58 | (35.87) | 40.49 | 73.46 | +25.1 pt | ||||||
| EBT | — | 0 | (2) | (5) | (4) | (3) | (13) | (4) | (12) | (4) | (3) | +211.9% | ||||||
| EBT margin, % | — | 0.00 | (7.08) | (21.07) | (31.45) | (26.12) | (103.35) | (73.01) | (347.21) | (123.90) | (164.25) | (123.9) pt | ||||||
| Net income | — | 0 | (2) | (5) | (4) | (3) | (13) | (4) | (12) | (4) | (3) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | 0.00 | 2.12 | 1.47 | 0.77 | 0.46 | 42,557.33 | 61,245.00 | 1,996.61 | 128.51 | 17.67 | n/m | |||||
| Earnings | — | — | (0.15) | (0.31) | (0.24) | (0.12) | (43,706.04) | (70,400.00) | (6,918.83) | (159.55) | 34.93 | +170.6% | ||||||
| Cash flow | — | (0.06) | 0.24 | 0.10 | 0.25 | (0.22) | (12,062.67) | (35,307.00) | (3,442.17) | (29.98) | (6.68) | +115.7% | ||||||
| Capex | — | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 | (989.33) | (1,596.00) | (56.50) | (0.44) | 0.00 | n/m | ||||||
| Free cash flow | — | (0.06) | 0.24 | 0.10 | 0.27 | (0.22) | (13,052.00) | (36,903.00) | (3,498.67) | (30.42) | (6.68) | +116.1% | ||||||
| Book value | — | 0.58 | (0.05) | (0.03) | 0.00 | 0.41 | (4,152.33) | 25,949.00 | (106.50) | (104.73) | (34.10) | n/m | ||||||
| Shares, m | — | 0 | 15 | 16 | 18 | 22 | 0 | 0 | 0 | 0 | 0 | +17.4% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.0 | |||||
| P/S | — | — | 2,597,024.74 | 2,597,024.74 | 4,595,620.56 | 5,676,759.83 | 15.87 | 0.18 | 0.10 | 0.02 | 0.01 | 1,933,305.8 | ||||||
| P/B | — | — | 0.00 | 0.00 | 0.00 | 6,356,352.17 | 0.00 | 0.43 | 0.00 | 0.00 | 0.00 | 794,544.1 | ||||||
| EV/Sales | — | — | 2,597,025.00 | 2,597,025.00 | 4,595,620.72 | 5,676,760.02 | 16.31 | 0.30 | 0.04 | 0.16 | 0.26 | 1,933,305.9 | ||||||
| EV/FCF | — | — | 11,135,906.45 | 11,135,906.45 | 13,161,496.60 | (12,818,046.75) | (53.17) | (0.50) | (0.02) | (0.67) | (0.67) | 2,826,901.0 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | 0 | 4 | 2 | 5 | (5) | (4) | (4) | (6) | (1) | (1) | +153.1% | |||||
| Capex | — | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (13.2%) | ||||||
| Free cash flow | — | 0 | 4 | 2 | 5 | (5) | (4) | (4) | (6) | (1) | (1) | +153.6% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | 0 | (1) | (3) | (3) | 3 | (3) | 1 | 0 | (3) | (3) | n/m | |||||
| Net debt | — | 0 | 8 | 7 | 2 | 2 | 6 | 1 | 0 | 0 | 0 | n/m | ||||||
| Shareholders’ equity | — | 0 | (1) | (1) | 0 | 9 | (1) | 3 | 0 | (2) | (3) | n/m | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | (16.00) | (33.78) | (34.89) | (38.68) | (22.16) | (107.17) | (59.46) | (279.88) | (181.82) | (183.43) | (165.8) pt | |||||
| ROIC | — | 0.00 | (11.21) | (35.74) | (52.22) | (16.11) | (167.25) | (79.94) | 0.00 | 0.00 | 0.00 | 0.0 pt | ||||||
| ROE | — | 11.76 | 558.08 | 761.54 | 1,690.06 | (59.27) | (344.46) | (662.85) | (1,038.49) | 281.17 | 116.68 | +269.4 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | 18 | 16 | 20 | 35 | 39 | 11 | 11 | — | (7.9%) | |||||
| Revenue/emp, $m | — | — | 0.00 | 1.32 | 0.88 | 0.50 | 0.36 | 0.16 | 0.33 | 0.26 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 2 Nov 2026
Blue Star Foods Corp. vs peers in Packaged Foods (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| NCRA Nocera, Inc. | $3.4M | — (loss-making) | — | −28.52% (below 0%: shrinking) | n/m | −194.28% (below 0%: shrinking) | 0.84% | (54.90%) | Compare |
| PAVS Paranovus Entertainment Technology Ltd. | $2.4M | — (loss-making) | — (loss-making) | −8.96% (below 0%: shrinking) | −582.47% (below 0%: shrinking) | +88.21% (above 0%: growing) | 5.59% | 0.00% | Compare |
| ORISF Oriental Rise Holdings Limited | $2.3M | — | — | — | — | −105.36% (below 0%: shrinking) | — | — | Compare |
| MEHA Functional Brands Inc. | $1.9M | — (loss-making) | — | +2.07% (above 0%: growing) | n/m | −209.98% (below 0%: shrinking) | 59.89% | (70.59%) | Compare |
| CYAN Cyanotech Corporation | $1.7M | — (loss-making) | 2.4× | +11.12% (above 0%: growing) | n/m | +204.00% (above 0%: growing) | 42.38% | 7.00% | Compare |
| ATPC Agape ATP Corporation | $1.3M | — (loss-making) | — | −93.38% (below 0%: shrinking) | n/m | +77.69% (above 0%: growing) | 86.13% | (4,021.90%) | Compare |
| BSFCD Blue Star Foods Corp. | $960.0K | 0.0× | 2.3× | −54.59% (below 0%: shrinking) | n/m | −123.09% (below 0%: shrinking) | 55.80% | (29.04%) | |
| STKH Steakholder Foods Ltd. Sponsored ADR | $440.0K | — (loss-making) | — | — | n/m | +35.62% (above 0%: growing) | 0.00% | 0.00% | Compare |
| RKDA Arcadia Biosciences, Inc. | $400.0K | — (loss-making) | — (loss-making) | −0.82% (below 0%: shrinking) | n/m | +82.11% (above 0%: growing) | 43.73% | (34.37%) | Compare |
| Median of peers | $1.8M | — | — | −4.89% | — | +56.66% | 42.38% | (34.37%) |
Pay and ownership Proxy statement filed 12 November 2024
Ownership
Directors and executive officers, together
1.20%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement