BLUE STAR FOODS CORP.

EDGAR

Annual consolidated revenue for 2025: about USD 2.891M, using the latest reported figures. The previous period, 2024, was about USD 3.594M.

Watchlist

Latest quarter

Revenue

532 thousand USD

2026 Q2 · USD

Exact inputs and evidence

Operating margin

-29.03%

2026 Q2 · %

Exact inputs and evidence
  • Operating Income: -154569 USD Source
  • Revenue: 532417 USD Source

Operating cash flow

-47.3 thousand USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: -95945 USD Source
  • Operating Cash Flow: -48670 USD Source
Cash and cash equivalents
11.1 thousand USD Source
Exact value

11119 USD

Long-term debt including current maturities
258 thousand USD Source
Exact value

258297 USD

Shares outstanding
164 million shares Source
Exact value

163880101 shares

Reported share-count change

873.77% · 147 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 16829468 shares · 2025-06-30· Source
  • 163880101 shares · 2026-06-30· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

1.54 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Revenue: 462260 USD · 2025-07-01 – 2025-09-30 Source
  • Revenue: 2891428 USD · 2025-01-01 – 2025-12-31 Source
  • Revenue: 2595358 USD · 2025-01-01 – 2025-09-30 Source
  • Revenue: 250259 USD · 2026-01-01 – 2026-03-31 Source
  • Revenue: 532417 USD · 2026-04-01 – 2026-06-30 Source

Net income

-2.53 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Net income: -480965 USD · 2025-07-01 – 2025-09-30 Source
  • Net income: -3582512 USD · 2025-01-01 – 2025-12-31 Source
  • Net income: -2332713 USD · 2025-01-01 – 2025-09-30 Source
  • Net income: -735313 USD · 2026-01-01 – 2026-03-31 Source
  • Net income: -65125 USD · 2026-04-01 – 2026-06-30 Source

Operating cash flow

-582 thousand USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Operating cash flow: -372077 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: -188245 USD · 2025-01-01 – 2025-06-30 Source
  • Operating cash flow: -674561 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: -372077 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: -48670 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: -95945 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: -48670 USD · 2026-01-01 – 2026-03-31 Source

Capital expenditure

9.91 thousand USD

2025-01-01 – 2025-12-31

Exact inputs and evidence
  • Capital expenditure: 9914 USD · 2025-01-01 – 2025-03-31 Source
  • Capital expenditure: 9914 USD · 2025-01-01 – 2025-06-30 Source
  • Capital expenditure: 9914 USD · 2025-01-01 – 2025-03-31 Source
  • Capital expenditure: 9914 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 9914 USD · 2025-01-01 – 2025-06-30 Source
  • Capital expenditure: 9914 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 9914 USD · 2025-01-01 – 2025-09-30 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-07-31.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 9 of 11 periods available· newest 2025-12-31
  • Operating income: 9 of 11 periods available· newest 2025-12-31
  • Net income: 10 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 10 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 8 of 11 periods available· newest 2025-12-31
  • Total assets: 9 of 11 periods available· newest 2025-12-31
  • Total liabilities: 9 of 11 periods available· newest 2025-12-31
  • Current assets: 9 of 11 periods available· newest 2025-12-31
  • Current liabilities: 9 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 9 of 11 periods available· newest 2025-12-31
  • Long-term debt including current maturities: 5 of 11 periods available· newest 2024-12-31
  • Shares outstanding: 9 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    -19.5%

    Prior period

    USD 3.59 million

    –

    Current period

    USD 2.89 million

    –

    Exact inputs and evidence

    2891428 − 3593881 = -702453 USD

    3593881 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    2891428 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
    Share or cite

    The citation records this snapshot. The page link may show a newer release later.

  • Net income

    +USD 8.9 million

    Prior period

    −USD 12.48 million

    –

    Current period

    −USD 3.58 million

    –

    Exact inputs and evidence

    -3582512 − -12478487 = 8895975 USD

    -12478487 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -3582512 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
    Share or cite

    The citation records this snapshot. The page link may show a newer release later.

  • Operating cash flow

    +USD 5.52 million

    Prior period

    −USD 6.2 million

    –

    Current period

    −USD 674,561

    –

    Exact inputs and evidence

    -674561 − -6195893 = 5521332 USD

    -6195893 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -674561 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
    Share or cite

    The citation records this snapshot. The page link may show a newer release later.

  • Capital expenditure

    -90.3%

    Prior period

    USD 101,736

    –

    Current period

    USD 9,914

    –

    Exact inputs and evidence

    9914 − 101736 = -91822 USD

    101736 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    9914 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
    Share or cite

    The citation records this snapshot. The page link may show a newer release later.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 2.89 million 100% of revenue
  • Operating costs Derived USD 5.23 million 181% of revenue
  • Operating income −USD 2.34 million −81% of revenue
  • Tax, interest and other Derived USD 1.24 million 43% of revenue
  • Net income −USD 3.58 million −124% of revenue

Cash

  • Operating cash flow −USD 674,561 −23% of revenue
  • Capital expenditure USD 9,914 0.3% of revenue
  • Free cash flow Derived −USD 684,475 −24% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2017 96%
  • 2018 Operating loss: operating costs were 104% of revenue.
  • 2019 Operating loss: operating costs were 117% of revenue.
  • 2020 Operating loss: operating costs were 113% of revenue.
  • 2021 Operating loss: operating costs were 128% of revenue.
  • 2022 Operating loss: operating costs were 191% of revenue.
  • 2023 Operating loss: operating costs were 169% of revenue.
  • 2024 Operating loss: operating costs were 381% of revenue.
  • 2025 Operating loss: operating costs were 181% of revenue.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2017 2017-01-01 – 2017-12-3136951923 35609873 Derived 1342050 948178 Derived 393872 -3109435 Derived
Source
2018 2018-01-01 – 2018-12-3132165933 33433943 Derived -1268010 992354 Derived -2260364 3615057 Derived
Source
2019 2019-01-01 – 2019-12-3123829463 27782370 Derived -3952907 1033379 Derived -4986286 1568126 Derived
Source
2020 2020-01-01 – 2020-12-3114111368 15914874 Derived -1803506 2641505 Derived -4445011 4520035 Derived
Source
2021 2021-01-01 – 2021-12-319973264 12756905 Derived -2783641 -178267 Derived -2605374 Unavailable
Source
2022 2022-01-01 – 2022-12-3112767145 24381128 Derived -11613983 1580986 Derived -13194969 -3915604 Derived
Source
2023 2023-01-01 – 2023-12-316124529 10356807 Derived -4232278 239334 Derived -4471612 -3690271 Derived
Source
2024 2024-01-01 – 2024-12-313593881 13709280 Derived -10115399 2363088 Derived -12478487 -6297629 Derived
Source
2025 2025-01-01 – 2025-12-312891428 5229978 Derived -2338550 1243962 Derived -3582512 -684475 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 2.9M 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.39.9M29.9M20.0M10.0M0.0201720212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2017Revenue36951923
2018Revenue32165933
2019Revenue23829463
2020Revenue14111368
2021Revenue9973264
2022Revenue12767145
2023Revenue6124529
2024Revenue3593881
2025Revenue2891428

Revenue growth

Change in revenue from the same financial period one year earlier.

-19.5% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.34%11%-12%-35%-58%201720212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2017Year over yearNo prior comparable period
2018Year over year-13%
2019Year over year-25.9%
2020Year over year-40.8%
2021Year over year-29.3%
2022Year over year28%
2023Year over year-52%
2024Year over year-41.3%
2025Year over year-19.5%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin -80.9% 2025
Net margin -123.9% 2025
Free cash flow margin -23.7% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.62%-48%-158%-268%-378%201720212025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2017Operating margin3.6%
2018Operating margin-3.9%
2019Operating margin-16.6%
2020Operating margin-12.8%
2021Operating margin-27.9%
2022Operating margin-91%
2023Operating margin-69.1%
2024Operating margin-281.5%
2025Operating margin-80.9%
2017Net margin1.1%
2018Net margin-7%
2019Net margin-20.9%
2020Net margin-31.5%
2021Net margin-26.1%
2022Net margin-103.4%
2023Net margin-73%
2024Net margin-347.2%
2025Net margin-123.9%
2017Free cash flow margin-8.4%
2018Free cash flow margin11.2%
2019Free cash flow margin6.6%
2020Free cash flow margin32%
2021Free cash flow marginNot reported
2022Free cash flow margin-30.7%
2023Free cash flow margin-60.3%
2024Free cash flow margin-175.2%
2025Free cash flow margin-23.7%

Operating cash flow

Cash generated by the company’s normal business operations.

USD -674.6K 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.5.4M2.3M-810.2K-3.9M-7.1M201720212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2017Operating cash flow-3075944
2018Operating cash flow3641738
2019Operating cash flow1577164
2020Operating cash flow4575575
2021Operating cash flow-4833029
2022Operating cash flow-3618811
2023Operating cash flow-3530662
2024Operating cash flow-6195893
2025Operating cash flow-674561

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD -684.5K 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.5.4M2.2M-888.8K-4.0M-7.2M201720212025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2017Free cash flow-3109435
2018Free cash flow3615057
2019Free cash flow1568126
2020Free cash flow4520035
2021Free cash flowUnavailable
2022Free cash flow-3915604
2023Free cash flow-3690271
2024Free cash flow-6297629
2025Free cash flow-684475

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

270% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.292%219%146%73%0%201720212025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2017Liabilities / assets106.9%
2018Liabilities / assets106.1%
2019Liabilities / assets103.3%
2020Liabilities / assets100.3%
2021Liabilities / assets44.1%
2022Liabilities / assets114.4%
2023Liabilities / assets59.2%
2024Liabilities / assets107.5%
2025Liabilities / assets270%

Current assets to current liabilities

Current assets divided by current liabilities.

0.31× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.53×1.15×0.77×0.38×0.00×201720212025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2017Current assets / current liabilities0.91×
2018Current assets / current liabilities0.92×
2019Current assets / current liabilities0.81×
2020Current assets / current liabilities0.65×
2021Current assets / current liabilities1.42×
2022Current assets / current liabilities0.68×
2023Current assets / current liabilities1.28×
2024Current assets / current liabilities0.84×
2025Current assets / current liabilities0.31×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2017 2017-01-01 – 2017-12-31
USD 393,872
Exact value

Exact value: 393872 USD

2017-01-01 – 2017-12-31: 393872 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

−USD 3.08 million
Exact value

Exact value: -3075944 USD

2017-01-01 – 2017-12-31: -3075944 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 33,491
Exact value

Exact value: 33491 USD

2017-01-01 – 2017-12-31: 33491 USD Inspect Capital Expenditure Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

−USD 3.11 million
Calculation and evidence

-3075944 − 33491 USD

Exact free cash flow: -3109435 USD

Share or cite

The citation records this snapshot. The page link may show a newer release later.

2018 2017-11-01 – 2018-10-31
−USD 13,989
Exact value

Exact value: -13989 USD

2017-11-01 – 2018-10-31: -13989 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

−USD 11,976
Exact value

Exact value: -11976 USD

2017-11-01 – 2018-10-31: -11976 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2018 2018-01-01 – 2018-12-31
−USD 2.26 million
Exact value

Exact value: -2260364 USD

2018-01-01 – 2018-12-31: -2260364 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 3.64 million
Exact value

Exact value: 3641738 USD

2018-01-01 – 2018-12-31: 3641738 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 26,681
Exact value

Exact value: 26681 USD

2018-01-01 – 2018-12-31: 26681 USD Inspect Capital Expenditure Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 3.62 million
Calculation and evidence

3641738 − 26681 USD

Exact free cash flow: 3615057 USD

Share or cite

The citation records this snapshot. The page link may show a newer release later.

2019 2019-01-01 – 2019-12-31
−USD 4.99 million
Exact value

Exact value: -4986286 USD

2019-01-01 – 2019-12-31: -4986286 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 1.58 million
Exact value

Exact value: 1577164 USD

2019-01-01 – 2019-12-31: 1577164 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 9,038
Exact value

Exact value: 9038 USD

2019-01-01 – 2019-12-31: 9038 USD Inspect Capital Expenditure Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 1.57 million
Calculation and evidence

1577164 − 9038 USD

Exact free cash flow: 1568126 USD

Share or cite

The citation records this snapshot. The page link may show a newer release later.

2020 2020-01-01 – 2020-12-31
−USD 4.45 million
Exact value

Exact value: -4445011 USD

2020-01-01 – 2020-12-31: -4445011 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 4.58 million
Exact value

Exact value: 4575575 USD

2020-01-01 – 2020-12-31: 4575575 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 55,540
Exact value

Exact value: 55540 USD

2020-01-01 – 2020-12-31: 55540 USD Inspect Capital Expenditure Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 4.52 million
Calculation and evidence

4575575 − 55540 USD

Exact free cash flow: 4520035 USD

Share or cite

The citation records this snapshot. The page link may show a newer release later.

2021 2021-01-01 – 2021-12-31
−USD 2.61 million
Exact value

Exact value: -2605374 USD

2021-01-01 – 2021-12-31: -2605374 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

−USD 4.83 million
Exact value

Exact value: -4833029 USD

2021-01-01 – 2021-12-31: -4833029 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2022 2022-01-01 – 2022-12-31
−USD 13.19 million
Exact value

Exact value: -13194969 USD

2022-01-01 – 2022-12-31: -13194969 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

−USD 3.62 million
Exact value

Exact value: -3618811 USD

2022-01-01 – 2022-12-31: -3618811 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 296,793
Exact value

Exact value: 296793 USD

2022-01-01 – 2022-12-31: 296793 USD Inspect Capital Expenditure Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

−USD 3.92 million
Calculation and evidence

-3618811 − 296793 USD

Exact free cash flow: -3915604 USD

Share or cite

The citation records this snapshot. The page link may show a newer release later.

2023 2023-01-01 – 2023-12-31
−USD 4.47 million
Exact value

Exact value: -4471612 USD

2023-01-01 – 2023-12-31: -4471612 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

−USD 3.53 million
Exact value

Exact value: -3530662 USD

2023-01-01 – 2023-12-31: -3530662 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 159,609
Exact value

Exact value: 159609 USD

2023-01-01 – 2023-12-31: 159609 USD Inspect Capital Expenditure Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

−USD 3.69 million
Calculation and evidence

-3530662 − 159609 USD

Exact free cash flow: -3690271 USD

Share or cite

The citation records this snapshot. The page link may show a newer release later.

2024 2024-01-01 – 2024-12-31
−USD 12.48 million
Exact value

Exact value: -12478487 USD

2024-01-01 – 2024-12-31: -12478487 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

−USD 6.2 million
Exact value

Exact value: -6195893 USD

2024-01-01 – 2024-12-31: -6195893 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 101,736
Exact value

Exact value: 101736 USD

2024-01-01 – 2024-12-31: 101736 USD Inspect Capital Expenditure Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

−USD 6.3 million
Calculation and evidence

-6195893 − 101736 USD

Exact free cash flow: -6297629 USD

Share or cite

The citation records this snapshot. The page link may show a newer release later.

2025 2025-01-01 – 2025-12-31
−USD 3.58 million
Exact value

Exact value: -3582512 USD

2025-01-01 – 2025-12-31: -3582512 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

−USD 674,561
Exact value

Exact value: -674561 USD

2025-01-01 – 2025-12-31: -674561 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 9,914
Exact value

Exact value: 9914 USD

2025-01-01 – 2025-12-31: 9914 USD Inspect Capital Expenditure Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

−USD 684,475
Calculation and evidence

-674561 − 9914 USD

Exact free cash flow: -684475 USD

Share or cite

The citation records this snapshot. The page link may show a newer release later.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

47 filings · 2,413 latest values · 2,413 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001730773, 1730773, BSFC, edgar:1730773

Also known as AG ACQUISITION GROUP II, INC., BLUE STAR FOODS CORP., BLUE STAR FOODS CORP., Blue Star Foods Corp.