Barfresh Financials
This page shows Barfresh (BRFH) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Barfresh has an operating margin of -25.9%, meaning the company retains $-26 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -34.6% the prior year.
Barfresh's revenue surged 31.9% year-over-year to $10.7M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Barfresh carries a low D/E ratio of 0.21, meaning only $0.21 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Barfresh's current ratio of 1.04 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 22/100, which could limit financial flexibility.
While Barfresh generated -$2.2M in operating cash flow, capex of $53K consumed most of it, leaving -$2.3M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Barfresh passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Barfresh generates $0.79 in operating cash flow (-$2.2M OCF vs -$2.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Barfresh earns $-53.3 in operating income for every $1 of interest expense (-$2.8M vs $52K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Barfresh generated $10.7M in revenue in fiscal year 2024. This represents an increase of 31.9% from the prior year.
Barfresh's EBITDA was -$2.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 3.2% from the prior year.
Barfresh generated -$2.3M in free cash flow in fiscal year 2024, representing cash available after capex.
Barfresh reported -$2.8M in net income in fiscal year 2024. This represents a decrease of 0.0% from the prior year.
Barfresh earned $-0.19 per diluted share (EPS) in fiscal year 2024. This represents an increase of 9.5% from the prior year.
Barfresh held $235K in cash against $124K in long-term debt as of fiscal year 2024.
Barfresh had 15M shares outstanding in fiscal year 2024. This represents an increase of 2.3% from the prior year.
Barfresh's gross margin was 34.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 1.3 percentage points from the prior year.
Barfresh's operating margin was -25.9% in fiscal year 2024, reflecting core business profitability. This is up 8.8 percentage points from the prior year.
Barfresh's net profit margin was -26.4% in fiscal year 2024, showing the share of revenue converted to profit. This is up 8.4 percentage points from the prior year.
Barfresh invested $132K in research and development in fiscal year 2024. This represents an increase of 14.8% from the prior year.
Barfresh invested $53K in capex in fiscal year 2024, funding long-term assets and infrastructure.
BRFH Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.2M+160.4% | $1.6M-44.5% | $2.9M+52.4% | $1.9M-26.2% | $2.6M+72.3% | $1.5M-27.7% | $2.1M+46.1% | $1.4M |
| Cost of Revenue | $2.7M+139.4% | $1.1M-44.9% | $2.0M+58.6% | $1.3M-24.3% | $1.7M+63.0% | $1.0M-16.1% | $1.2M+35.1% | $915K |
| Gross Profit | $1.6M+206.7% | $506K-43.8% | $900K+40.2% | $642K-29.7% | $913K+92.6% | $474K-44.6% | $855K+65.7% | $516K |
| R&D Expenses | $33K+6.5% | $31K+72.2% | $18K-33.3% | $27K-15.6% | $32K-8.6% | $35K+66.7% | $21K-40.0% | $35K |
| SG&A Expenses | $844K+25.4% | $673K-9.9% | $747K+20.1% | $622K+7.8% | $577K+17.0% | $493K-50.4% | $994K+9.1% | $911K |
| Operating Income | -$260K+70.0% | -$868K-17.6% | -$738K | N/A | -$475K | N/A | N/A | -$1.9M |
| Interest Expense | $30K+150.0% | $12K-47.8% | $23K | N/A | $1K | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$290K+67.0% | -$880K-15.6% | -$761K-6.1% | -$717K-50.6% | -$476K+35.8% | -$742K+16.5% | -$889K+51.6% | -$1.8M |
| EPS (Diluted) | $-0.02+66.7% | $-0.06-20.0% | $-0.05-25.0% | $-0.040.0% | $-0.04+33.3% | $-0.06+14.3% | $-0.07 | N/A |
BRFH Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $6.8M+80.4% | $3.8M-29.4% | $5.3M+11.0% | $4.8M+21.7% | $4.0M+16.3% | $3.4M-18.6% | $4.2M-24.1% | $5.5M |
| Current Assets | $5.7M+74.3% | $3.3M-32.2% | $4.8M+15.6% | $4.2M+29.7% | $3.2M+28.5% | $2.5M-30.5% | $3.6M-18.1% | $4.4M |
| Cash & Equivalents | $1.9M+165.6% | $712K-62.0% | $1.9M-1.0% | $1.9M+87.0% | $1.0M+6.2% | $952K-39.2% | $1.6M-44.2% | $2.8M |
| Inventory | $1.1M-41.7% | $1.8M+63.3% | $1.1M-7.1% | $1.2M+62.3% | $748K-22.9% | $970K-8.1% | $1.1M+0.7% | $1.0M |
| Accounts Receivable | $2.5M+351.7% | $551K-63.2% | $1.5M+82.6% | $821K-29.2% | $1.2M+220.2% | $362K-36.6% | $571K+353.2% | $126K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $4.9M+183.4% | $1.7M-32.5% | $2.5M+10.4% | $2.3M-13.3% | $2.7M+37.3% | $1.9M-17.0% | $2.3M-9.3% | $2.6M |
| Current Liabilities | $4.5M+175.2% | $1.7M-32.6% | $2.5M+6.2% | $2.3M-13.3% | $2.7M+37.3% | $1.9M-17.0% | $2.3M-9.3% | $2.6M |
| Long-Term Debt | $330K+378.3% | $69K-28.9% | $97K | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $1.9M-6.2% | $2.0M-26.6% | $2.8M+11.4% | $2.5M+93.6% | $1.3M-11.6% | $1.5M-35.8% | $2.3M-22.3% | $2.9M |
| Retained Earnings | -$65.6M-0.4% | -$65.3M-1.4% | -$64.4M-5.9% | -$60.8M-1.2% | -$60.1M-0.8% | -$59.6M-0.5% | -$59.3M-2.3% | -$58.0M |
BRFH Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$598K+44.1% | -$1.1M-111.3% | -$506K+46.7% | -$950K-1710.2% | $59K+107.2% | -$825K+32.6% | -$1.2M-4120.7% | -$29K |
| Capital Expenditures | -$52K-178.8% | $66K+135.7% | $28K | N/A | N/A | N/A | N/A | $0 |
| Free Cash Flow | -$650K+42.7% | -$1.1M-112.5% | -$534K | N/A | N/A | N/A | N/A | -$29K |
| Investing Cash Flow | $52K+178.8% | -$66K-135.7% | -$28K | N/A | N/A | N/A | N/A | $0 |
| Financing Cash Flow | $1.7M+7000.0% | -$25K-101.2% | $2.2M+18.6% | $1.8M | $0 | $0+100.0% | -$18K | $0 |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
BRFH Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 36.7%+5.5pp | 31.1%+0.4pp | 30.7%-2.7pp | 33.4%-1.7pp | 35.1%+3.7pp | 31.4%-9.5pp | 40.9%+4.8pp | 36.1% |
| Operating Margin | -6.2%+47.3pp | -53.4%-28.2pp | -25.2% | N/A | -18.3% | N/A | N/A | -131.3% |
| Net Margin | -6.9%+47.3pp | -54.1%-28.2pp | -26.0%+11.3pp | -37.3%-19.0pp | -18.3%+30.8pp | -49.1%-6.6pp | -42.5%+85.8pp | -128.3% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -4.3%+19.1pp | -23.4%-9.1pp | -14.3%+0.7pp | -14.9%-2.9pp | -12.0%+9.8pp | -21.8%-0.5pp | -21.3%+12.1pp | -33.4% |
| Current Ratio | 1.25-0.7 | 1.97+0.0 | 1.96+0.2 | 1.80+0.6 | 1.20-0.1 | 1.29-0.2 | 1.54-0.2 | 1.70 |
| Debt-to-Equity | 0.17+0.1 | 0.030.0 | 0.03-0.9 | 0.92-1.1 | 2.06+0.7 | 1.32+0.3 | 1.02+0.1 | 0.88 |
| FCF Margin | -15.4%+54.5pp | -69.8%-51.6pp | -18.2% | N/A | N/A | N/A | N/A | -2.0% |
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Frequently Asked Questions
What is Barfresh's annual revenue?
Barfresh (BRFH) reported $10.7M in total revenue for fiscal year 2024. This represents a 31.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Barfresh's revenue growing?
Barfresh (BRFH) revenue grew by 31.9% year-over-year, from $8.1M to $10.7M in fiscal year 2024.
Is Barfresh profitable?
No, Barfresh (BRFH) reported a net income of -$2.8M in fiscal year 2024, with a net profit margin of -26.4%.
What is Barfresh's earnings per share (EPS)?
Barfresh (BRFH) reported diluted earnings per share of $-0.19 for fiscal year 2024. This represents a 9.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Barfresh's EBITDA?
Barfresh (BRFH) had EBITDA of -$2.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Barfresh have?
As of fiscal year 2024, Barfresh (BRFH) had $235K in cash and equivalents against $124K in long-term debt.
What is Barfresh's gross margin?
Barfresh (BRFH) had a gross margin of 34.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Barfresh's operating margin?
Barfresh (BRFH) had an operating margin of -25.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Barfresh's net profit margin?
Barfresh (BRFH) had a net profit margin of -26.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Barfresh's free cash flow?
Barfresh (BRFH) generated -$2.3M in free cash flow during fiscal year 2024. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Barfresh's operating cash flow?
Barfresh (BRFH) generated -$2.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Barfresh's total assets?
Barfresh (BRFH) had $3.3M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Barfresh's capital expenditures?
Barfresh (BRFH) invested $53K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Barfresh spend on research and development?
Barfresh (BRFH) invested $132K in research and development during fiscal year 2024.
How many shares does Barfresh have outstanding?
Barfresh (BRFH) had 15M shares outstanding as of fiscal year 2024.
What is Barfresh's current ratio?
Barfresh (BRFH) had a current ratio of 1.04 as of fiscal year 2024, which is considered adequate.
What is Barfresh's debt-to-equity ratio?
Barfresh (BRFH) had a debt-to-equity ratio of 0.21 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Barfresh's return on assets (ROA)?
Barfresh (BRFH) had a return on assets of -85.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Barfresh's cash runway?
Based on fiscal year 2024 data, Barfresh (BRFH) had $235K in cash against an annual operating cash burn of $2.2M. This gives an estimated cash runway of approximately 1 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Barfresh's Piotroski F-Score?
Barfresh (BRFH) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Barfresh's earnings high quality?
Barfresh (BRFH) has an earnings quality ratio of 0.79x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Barfresh cover its interest payments?
Barfresh (BRFH) has an interest coverage ratio of -53.3x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Barfresh?
Barfresh (BRFH) scores 44 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.