BSFC · Blue Star Foods Corp. · Financials
Substantial doubt about the company's ability to continue as a going concern.
“For the six months ended June 30, 2026, the Company incurred a net loss of $800,438, had an accumulated deficit of $50,672,170 and a working capital deficit of $3,136,801. These factors raise substantial doubt as to the Company's ability to continue as a going concern.”View the 10-Q filed Jul 31, 2026
6 customers — 49% of revenue (year ended December 31, 2025)
“The Company had six customers which accounted for approximately 49% of revenue during the year ended December 31, 2025.”
2 customers — 24% of revenue (year ended December 31, 2025)
“Two customers accounted for 24% of revenue during the year ended December 31, 2025.”
Key customers — 14% of revenue (year ended December 31, 2025)
“The Company’s two largest customers accounted for 14% and 10%, respectively, of revenue during the year ended December 31, 2025.”
Key customers — 10% of revenue (year ended December 31, 2025)
“The Company’s two largest customers accounted for 14% and 10%, respectively, of revenue during the year ended December 31, 2025.”
5 customers — 48% of revenue (year ended December 31, 2024)
“The Company had five customers which accounted for approximately 48% of revenue during the year ended December 31, 2024.”
2 customers — 31% of revenue (year ended December 31, 2024)
“Two customers accounted for 31% of revenue during the year ended December 31, 2024.”
Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| $1.54M | $2.89M | $3.59M | $6.12M | $12.77M | $9.97M | $14.11M | $23.83M | $32.17M | $36.95M | |
| $408.83K | $1.72M | $4.88M | $5.97M | $13.42M | $7.98M | $12.62M | $20.61M | $27.23M | $31.25M | |
| $1.13M | $1.17M | -$1.29M | $158.08K | -$651.99K | $1.99M | $1.49M | $3.22M | $4.94M | $5.7M | |
| — | 40.49% | -35.87% | 2.58% | -5.11% | 19.99% | 10.54% | 13.51% | 15.35% | 15.42% | |
| — | — | — | — | — | — | — | — | $13.99K | — | |
| $119.17K | — | — | — | $315.42K | $244.88K | $162.5K | $20.38K | $7326 | $6491 | |
| $26.44K | $26.99K | $5866 | $4521 | $584.39K | $384.96K | $268.34K | $215.09K | $64K | — | |
| -$1.55M | -$2.34M | -$10.12M | -$4.23M | -$11.61M | -$2.78M | -$1.8M | -$3.95M | -$1.27M | $1.34M | |
| — | -80.88% | -281.46% | -69.1% | -90.97% | -27.91% | -12.78% | -16.59% | -3.94% | 3.63% | |
| -$1.52M | -$2.31M | -$10.11M | -$4.23M | -$11.03M | -$2.4M | -$1.54M | -$3.74M | -$1.2M | — | |
| $120.72K | $447.29K | $2.06M | $1.77M | $1.68M | $320.52K | $870.3K | $1.07M | $1.01M | $969.42K | |
| $940.08K | $890.88K | $51.93K | $12.71K | $154.2K | — | — | — | — | — | |
| — | — | — | — | — | — | — | — | -$13.99K | — | |
| — | — | — | — | — | $2100 | $1122 | $4413 | $3004 | — | |
| -$2.53M | -$3.58M | -$12.48M | -$4.47M | -$13.19M | -$2.61M | -$4.45M | -$4.99M | -$2.26M | $393.87K | |
| — | -123.9% | -347.21% | -73.01% | -103.35% | -26.12% | -31.5% | -20.92% | -7.03% | 1.07% | |
| -$2.53M | -$3.58M | -$12.48M | -$4.47M | -$13.19M | -$2.63M | -$4.56M | -$5.1M | -$2.28M | $393.87K | |
| -$2.47M | -$3.65M | -$12.29M | -$4.42M | -$13.38M | -$2.66M | -$4.45M | -$4.99M | -$2.26M | $393.87K | |
| USD/shares | $0.02 | -$0.10 | -$4.15 | -$43.99 | -$26.00 | -$120.00 | -$250.00 | -$310.00 | -$150.00 | $30.00 |
| USD/shares | $0.02 | -$0.10 | -$4.15 | -$43.99 | -$26.00 | — | -$250.00 | -$310.00 | -$150.00 | $30.00 |
| shares | — | 37.42M | 3.01M | 101.65K | 503.17K | 21.71K | 18.26K | 16.2K | 15.15K | 15K |
| shares | — | 37.42M | 3.01M | 101.65K | 503.17K | 21.71K | 18.26K | 16.2K | 15.15K | 15K |
Debt Profile
Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.
Reported debt balances
Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.
| Reported balance | As of | Amount | Source |
|---|---|---|---|
| Current operating lease liabilities | 2026-06-30 | USD 38,993 | 10-Q filed 2026-07-31 |
| Current portion of convertible notes payable | 2026-06-30 | USD 55,500 | 10-Q filed 2026-07-31 |
| Noncurrent operating lease liabilities | 2026-06-30 | USD 459 | 10-Q filed 2026-07-31 |
Covenants
Covenant terms have not yet been verified for this profile.
The balance figures do not establish whether covenants apply or whether the company complies with them.
Loans, facilities and notes
The instrument breakdown is not yet verified. Read the debt note in the linked report for borrowing terms and maturity conditions.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.