BARFRESH FOOD GROUP INC.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $14.2M | $10.7M | $8.1M | $9.2M | $6.7M |
| Cost of revenue | $11.1M | $7.0M | $5.2M | $7.7M | $4.2M |
| Gross profit | $3.1M | $3.7M | $2.9M | $1.4M | $2.5M |
| Research and development | $128,000 | $132,000 | $115,000 | $382,000 | $245,000 |
| Operating expenses | $6.5M | $6.4M | $5.7M | $7.6M | $4.6M |
| Operating income | -$3.4M | -$2.8M | -$2.8M | -$6.2M | -$2.1M |
| Interest expense | $217,000 | $52,000 | $8,000 | — | $128,000 |
| Pretax income | -$3.0M | -$2.8M | — | — | — |
| Income tax expense | -$285,000 | — | — | — | — |
| Net income | -$2.7M | -$2.8M | -$2.8M | -$6.1M | -$1.3M |
| Balance Sheet | |||||
| Cash and equivalents | — | — | — | $2.8M | $5.5M |
| Current assets | $4.2M | $2.7M | $4.2M | $4.4M | $7.7M |
| Total assets | $12.8M | $3.3M | $4.8M | $5.5M | $9.7M |
| Current liabilities | $11.0M | $2.6M | $2.3M | $2.6M | $1.5M |
| Total liabilities | $11.5M | $2.7M | $2.3M | $2.6M | $1.5M |
| Total debt | $1.0M | $264,000 | — | — | — |
| Stockholders' equity | $1.3M | $578,000 | $2.5M | $2.9M | $8.5M |
| Cash Flow Statement | |||||
| Cash from operations | -$1.7M | -$2.2M | -$2.9M | -$2.6M | -$1.9M |
| Depreciation and amortization | $255,000 | $283,000 | $403,000 | $444,000 | $639,000 |
| Stock-based compensation | $536,000 | $784,000 | $562,000 | $386,000 | $92,000 |
| Capital expenditure | $123,000 | $53,000 | — | $13,000 | $151,000 |
| Free cash flow | -$1.8M | -$2.3M | — | -$2.7M | -$2.0M |
| Impairments | — | $0 | $0 | $746,000 | — |
Shares outstanding 16.1M · Free float 72.3%
Annual filing data through FY ended December 31, 2025; float as of July 13, 2026.