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BRFH

Barfresh Food Group, Inc.

BRFH

Barfresh Food Group, Inc. • NASDAQ
$3.27 ▼ -2.54% (-0.09)
Market Cap $52.29 M
52w High $6.08
52w Low $2.00
Dividend Yield 0%
P/E -18.19
Volume 622
Outstanding Shares 15.97M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $4.231M ▲ $1.812M ▲ $-290K ▲ -6.854% ▲ $-0.018 ▲ $-233K ▲
Q2-2025 $1.625M ▼ $1.374M ▼ $-880K ▼ -54.154% ▼ $-0.056 ▼ $-801K ▼
Q1-2025 $2.93M ▲ $1.638M ▲ $-761K ▲ -25.973% ▲ $-0.05 ▲ $-664K ▲
Q4-2024 $2.788M ▼ $1.554M ▼ $-852K ▼ -30.56% ▼ $-0.058 ▼ $-756K ▼
Q3-2024 $3.637M $1.76M $-513K -14.105% $-0.035 $-427K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.891M ▲ $6.795M ▲ $4.874M ▲ $1.921M ▼
Q2-2025 $712K ▼ $3.767M ▼ $1.72M ▼ $2.047M ▼
Q1-2025 $1.872M ▲ $5.337M ▲ $2.548M ▼ $2.789M ▲
Q4-2024 $235K ▼ $3.318M ▼ $2.74M ▲ $578K ▼
Q3-2024 $401K $3.772M $2.369M $1.403M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-880K ▼ $-1.069M ▼ $-66K ▼ $-25K ▼ $-1.16M ▼ $-1.135M ▼
Q1-2025 $-761K ▲ $-506K ▲ $-28K ▼ $2.171M ▲ $1.637M ▲ $-534K ▲
Q4-2024 $-852K ▼ $-685K ▼ $8K ▲ $511K ▲ $-166K ▼ $-677K ▼
Q3-2024 $-513K ▲ $5K ▲ $-57K ▼ $70K ▲ $18K ▲ $-52K ▲
Q2-2024 $-1.011M $-780K $-4K $0 $-784K $-784K

Five-Year Company Overview

Income Statement

Income Statement Barfresh’s income statement still looks like that of a very small, early‑stage business. Reported revenue is tiny and has not yet shown clear, sustained growth in the recent data. The company continues to run at a net loss, meaning its operations are not yet covering their costs. Losses per share have improved compared with the worst year in the recent period, but the business is still a long way from consistent profitability. Overall, the story here is limited scale and ongoing losses, with gradual but not yet decisive progress.

Balance Sheet

Balance Sheet The balance sheet is very light, reflecting a small company with a modest asset base. Cash that was present a few years ago appears to have largely been used, and reported equity is now quite thin. On the positive side, there is essentially no financial debt in the data, so there is no heavy interest burden. The trade‑off is that Barfresh does not appear to have a large financial cushion, which can limit flexibility and makes future growth and investment more dependent on improving results or outside funding.

Cash Flow

Cash Flow Reported cash‑flow figures are essentially flat in the dataset, which likely reflects the company’s small size and possibly incomplete disclosure in this summary, rather than truly zero activity. Practically, this means there is no visible track record yet of strong, self‑funded cash generation. With limited cash on the balance sheet, the key question is whether Barfresh can convert its growth plans into real cash inflows fast enough to support operations and expansion without frequent external financing. Cash discipline and working‑capital management are important watch points.

Competitive Edge

Competitive Edge Competitively, Barfresh occupies a focused niche rather than trying to take on the beverage giants head‑on. Its patented, portion‑controlled frozen beverage packs and school‑compliant products give it a distinct position in the K‑12 and institutional foodservice markets. The patents, school nutrition focus, and exclusive distribution relationships together create meaningful barriers for direct copycats in those channels. The planned vertical integration via acquiring a dairy processor should improve cost control and reliability, which can strengthen this moat. However, the company is still small compared with major beverage and foodservice brands, and it remains heavily exposed to a single broad channel—the education market—so execution and customer concentration are key risks.

Innovation and R&D

Innovation and R&D Innovation is one of Barfresh’s clear strengths. The company has built a patented single‑serve system that simplifies smoothie and frozen drink preparation for busy foodservice locations, and it has extended this into ready‑to‑drink bottles and frozen treats like ice pops. Much of its innovation is practical: faster preparation, less waste, consistent quality, and compliance with strict school nutrition rules. It also focuses on “better‑for‑you” formulations, which aligns with broader health trends. Capacity expansion through new manufacturing and the dairy acquisition is another form of operational innovation. The major uncertainty is whether this product and process innovation can be translated into broad enough market penetration and volume to fully utilize that capacity and improve profitability.

Summary

Overall, Barfresh looks like a niche, innovation‑driven beverage company that is strategically focused but still financially small and unproven at scale. On the positive side, it has patented technology, differentiated school‑friendly products, and a clear plan to strengthen its cost structure and control through vertical integration. On the risk side, revenue remains very small, the company is loss‑making, and its balance sheet appears thin, which limits room for missteps. The future story hinges on execution: successfully integrating manufacturing, growing volumes in education and adjacent channels, and turning that growth into sustainable margins and reliable cash generation. Outcomes are likely to be sensitive to how well the company scales from its current base.

NEWS

November 6, 2025 · 4:05 PM UTC

Barfresh Announces Third Quarter 2025 Results

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October 23, 2025 · 8:30 AM UTC

Barfresh to Announce Third Quarter 2025 Results on November 6, 2025

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October 7, 2025 · 8:30 AM UTC

Barfresh Completes Strategic Acquisition of Arps Dairy

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September 18, 2025 · 8:30 AM UTC

Barfresh Enters into Stock Purchase Agreement for Strategic Acquisition of Manufacturing Company: Arps Dairy

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