Saturday 17 October 2026 Export BSFCD’s income statement to Excel — free account

Blue Star Foods Corp.

Blue Star Foods Corp.’s revenue for fiscal 2025 (year ended December 2025) was $2.9 million, down 19.5% from fiscal 2024. In the quarter to June 2026, revenue fell 54.6%, EPS grew 99.0%, free cash flow fell 123.1% and total debt rose 701.4%, each against the same quarter a year earlier.

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Market cap: $960.0K
P/E: 14.2×
Fwd P/E: 2.3×
Dividend yield: —
F-score: 4/9
Altman Z: −36.84
Beneish M: −14.66
Dividend safety: n/a

Overview Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 98.33%

Capital & Financial Ratios $m

Market Cap 0.96

Revenue 1.54

Net Income (2.53)

Free Cash Flow (0.58)

Net Debt 0.38

Current Ratio 0.26

Debt/Equity (0.13)

P/E ratio 14.20

Fwd P/E 2.26

P/S ratio 23.57

P/B ratio 0.00

Past 5Y EPS Growth —

This Y EPS Growth 91.60%

Next Y EPS Growth —

Next Y revenue growth (100.00%)

Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 3.75%

10-year low 10-year high

EV/Sales against its own 10 years 3.75%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	0	0	0	0
Receivables	1	0	0	0
Inventory	3	0	0	0
Other	1	1	1	1
	4	2	1	1

	2023	2024	2025	Q'26
Payables	1	0	1	1
ST’ Debt	0	0	0	0
Other	2	1	0	0
	3	3	4	4

Compound Annual Growth %

	10y	5y	3y
Sales	—	(27.17%)	(39.05%)
Cash Flow	—	0.00%	0.00%
Earnings	—	0.00%	0.00%
Book Value	—	0.00%	0.00%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	0	1	—	—	—
’25	1	1	0	0	3
’24	1	1	0	2	4
’23	2	2	2	1	6
’22	5	3	2	2	13
’21	2	2	4	2	10
’20	5	3	4	3	14

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	0	0	—	—	—
’25	0	0	0	0	(1)
’24	(1)	(2)	(2)	(2)	(6)
’23	(1)	0	(2)	0	(4)
’22	(3)	(1)	0	0	(4)
’21	0	0	(1)	(4)	(5)
’20	2	1	1	1	5

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	0	0	—	—	—
’25	0	0	0	0	(1)
’24	(1)	(2)	(2)	(2)	(6)
’23	(1)	0	(2)	0	(4)
’22	(3)	(1)	0	0	(4)
’21	0	0	(1)	(4)	(5)
’20	2	1	1	1	5

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.01)	0.00	—	—	—
’25	(0.08)	(0.04)	(0.03)	0.05	(0.10)
’24	(2.00)	(1.52)	—	1.06	(4.15)
’23	(60.00)	(30.50)	(0.13)	44.59	(44.00)
’22	(40.00)	(60.00)	(150.00)	(270.00)	(26.22)
’21	(24.40)	(20.00)	(6.98)	(66.51)	(120.02)
’20	(48.53)	(195.88)	0.03	1.33	(243.05)

Fiscal quarters ending in the months shown.

value withheld pending a data check

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	3,200,000.00	1,616,000.00	496,000.00	7,920.00	113.60	3.20	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	4,320,000.00	12,800,000.00	10,880,000.00	1,160,000.00	13,920.00	270.40
People
People	Employees	—	—	—	18	16	20	35	39	11	11
	Revenue/emp, $m	—	—	0.00	1.32	0.88	0.50	0.36	0.16	0.33	0.26
Income, $m
Income, $m	Revenue	—	—	32	24	14	10	13	6	4	3
	Gross margin, %	—	—	15.35	13.51	10.54	19.99	(5.11)	2.58	(35.87)	40.49
	EBT	—	0	(2)	(5)	(4)	(3)	(13)	(4)	(12)	(4)
	EBT margin, %	—	0.00	(7.08)	(21.07)	(31.45)	(26.12)	(103.35)	(73.01)	(347.21)	(123.90)
	Net income	—	0	(2)	(5)	(4)	(3)	(13)	(4)	(12)	(4)
	Depreciation	—	—	0	0	0	0	3	1	1	0
Per share, $
Per share, $	Revenue	—	0.00	2,130.19	1,470.96	771.11	459.60	25.37	60.22	1.20	0.08
	Earnings	—	—	(150.33)	(309.95)	(243.05)	(119.30)	(26.22)	(44.00)	(4.15)	(0.10)
	Cash flow	—	0.00	241.17	97.36	250.03	(222.72)	(7.19)	(34.72)	(2.06)	(0.02)
	Capex	—	0.00	(1.77)	(0.56)	19.22	0.79	(0.59)	(1.57)	(0.03)	0.00
	Free cash flow	—	0.00	239.40	96.80	269.25	(221.93)	(7.78)	(36.29)	(2.10)	(0.02)
	Book value	—	0.00	(54.27)	(32.08)	(1.08)	410.46	(2.48)	25.52	(0.06)	(0.06)
	Shares, m	—	10	0	0	0	0	1	0	3	37
Valuation, ×
Valuation, ×	P/E	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	P/S	—	—	2,598.55	2,598.55	4,606.32	5,674.51	26,611.99	185.98	167.28	41.42
	P/B	—	—	0.00	0.00	0.00	6,353.83	0.00	438.95	0.00	0.00
	EV/Sales	—	—	2,598.80	2,598.80	4,606.47	5,674.70	26,612.43	186.10	167.22	41.55
	EV/FCF	—	—	11,143.53	11,143.53	13,192.58	(12,813.40)	(86,772.46)	(308.85)	(95.43)	(175.53)
Cash, $m
Cash, $m	Operating cash flow	—	0	4	2	5	(5)	(4)	(4)	(6)	(1)
	Capex	—	—	0	0	0	0	0	0	0	0
	Free cash flow	—	0	4	2	5	(5)	(4)	(4)	(6)	(1)
Balance, $m
Balance, $m	Working capital	—	0	(1)	(3)	(3)	3	(3)	1	0	(3)
	Total debt	—	—	8	8	3	3	6	1	0	0
	Net debt	—	0	8	7	2	2	6	1	0	0
	Shareholders’ equity	—	0	(1)	(1)	0	9	(1)	3	0	(2)
Returns, %
Returns, %	ROA	—	(16.00)	(33.78)	(34.89)	(38.68)	(22.16)	(107.17)	(59.46)	(279.88)	(181.82)
	ROIC	—	0.00	(11.21)	(35.74)	(52.22)	(16.11)	(167.25)	(79.94)	0.00	0.00
	ROE	—	11.76	558.08	761.54	1,690.06	(59.27)	(344.46)	(662.85)	(1,038.49)	281.17

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
PAVS Paranovus Entertainment Technology Ltd.	$2.9M	— (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
RGFC Real Good Food Company, Inc.	$2.2M	— (loss-making)	— (loss-making)	+47.98% (above 0%: growing)	n/m	+84.37% (above 0%: growing)	20.85%	(15.95%)	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
ATPC Agape ATP Corporation	$1.7M	1.2×	—	−93.38% (below 0%: shrinking)	n/m	+77.69% (above 0%: growing)	86.13%	(4,021.90%)	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
BSFCD Blue Star Foods Corp.	$960.0K	14.2×	2.3×	−54.59% (below 0%: shrinking)	n/m	−123.09% (below 0%: shrinking)	55.80%	(29.04%)
STKH Steakholder Foods Ltd. Sponsored ADR	$670.0K	— (loss-making)	—	—	n/m	+35.62% (above 0%: growing)	0.00%	0.00%	Compare
RKDA Arcadia Biosciences, Inc.	$490.0K	— (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	—	—	+0.62%	—	+79.90%	42.38%	(15.95%)

All 71 Packaged Foods stocks →

Blue Star Foods Corp. (BSFCD) key facts

Concern: Blue Star Foods Corp.’s revenue for fiscal 2025 (year ended December 2025) was $2.9 million, down 19.5% from fiscal 2024.
Blue Star Foods Corp. (BSFCD) is a Packaged Foods company in the Consumer Defensive sector.
As of October 16, 2026, BSFCD traded at $0.25, a market capitalization of $960,000.00.
Return on equity was 281.2% and debt-to-equity -0.13.
Its Piotroski F-score is 4 out of 9 and its Altman Z-score is −36.84 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.