Despite quarterly revenue growth rates occasionally exceeding 100%, the company struggles with structural profitability, evidenced by gross margins that have failed to consistently surpass 15.4% as of 2026Q1.
| Sales/Revenue | 13.14M | 13.72M | 6.43M | 2.83M | 752.18K | 715.55K | 326.92K |
| Revenue Growth % | 59.38% | 113.3% | 127.7% | 275.69% | 5.12% | 118.88% | - |
| Cost of Goods Sold | 11.26M | 11.69M | 5.65M | 2.92M | 922.73K | 786.47K | 320.69K |
| COGS % of Revenue | - | 85.18% | 87.85% | 103.41% | 122.67% | 109.91% | 98.09% |
| Gross Profit | 1.88M | 2.03M | 781.8K | -96.23K | -170.55K | -70.92K | 6.23K |
| Gross Margin % | 14.33% | 14.82% | 12.15% | -3.41% | -22.67% | -9.91% | 1.91% |
| Gross Profit Growth % | - | 160.23% | 912.43% | 43.58% | -140.5% | -1238.66% | - |
| Operating Expenses | 7.78M | 7M | 4.68M | 3.41M | 2.24M | 841.14K | 314K |
| OpEx % of Revenue | - | 50.98% | 72.8% | 120.53% | 297.21% | 117.55% | 96.05% |
| Selling, General & Admin | 6.71M | 6.73M | 4.67M | 2.64M | 2.14M | 840.81K | 275.23K |
| SG&A % of Revenue | - | 49.01% | 72.52% | 93.59% | 284.81% | 117.51% | 84.19% |
| Research & Development | 252.6K | 269.99K | 18.18K | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | 1.97% | 0.28% | - | - | - | - |
| Other Operating Expenses | 822.23K | 0 | 0 | 761.09K | 93.25K | 323 | 38.77K |
| Operating Income | -5.9M | -4.96M | -3.9M | -3.5M | -2.41M | -912.05K | -307.77K |
| Operating Margin % | -44.9% | -36.15% | -60.65% | -123.93% | -319.88% | -127.46% | -94.14% |
| Operating Income Growth % | - | -27.15% | -11.43% | -45.55% | -163.81% | -196.34% | - |
| EBITDA | -5.23M | -4.35M | -3.7M | -3.28M | -2.31M | -911.73K | -269.01K |
| EBITDA Margin % | -39.78% | -31.66% | -57.45% | -116.01% | -307.48% | -127.42% | -82.28% |
| EBITDA Growth % | -60.42% | -17.55% | -12.76% | -41.74% | -153.68% | -238.93% | - |
| D&A (Non-Cash Add-back) | 672.23K | 616.58K | 205.91K | 223.86K | 93.25K | 323 | 38.77K |
| EBIT | -6.32M | -5.38M | -3.98M | -3.49M | -2.39M | 37.53K | -336.36K |
| Net Interest Income | -666.41K | -729.1K | -759.13K | -423.55K | -2.24M | -682.71K | -223.45K |
| Interest Income | 16.01K | 19.4K | 14.16K | 11.72K | 13.63K | 15.02K | 36 |
| Interest Expense | 682.42K | 748.5K | 773.28K | 435.27K | 2.25M | 697.73K | 223.49K |
| Other Income/Expense | -1.1M | -1.16M | -849.08K | -423.55K | -2.24M | 251.85K | -252.07K |
| Pretax Income | -7M | -6.12M | -4.75M | -3.93M | -4.64M | -660.2K | -559.84K |
| Pretax Margin % | -53.27% | -44.63% | -73.84% | -138.92% | -617.32% | -92.26% | -171.25% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -7M | -6.12M | -4.75M | -3.93M | -4.64M | -660.2K | -559.84K |
| Net Margin % | -53.27% | -44.63% | -73.84% | -138.92% | -617.32% | -92.26% | -171.25% |
| Net Income Growth % | -51.52% | -28.9% | -21.04% | 15.46% | -603.33% | -17.93% | - |
| Net Income (Continuing) | -7M | -6.12M | -4.75M | -3.93M | -4.64M | -660.2K | -559.84K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.65 | -0.57 | -0.83 | -0.98 | -3.87 | -0.59 | -0.51 |
| EPS Growth % | 19.28% | 31.33% | 15.31% | 74.68% | -555.93% | -15.69% | - |
| EPS (Basic) | - | -0.57 | -0.83 | -0.98 | -3.87 | -0.59 | -0.51 |
| Diluted Shares Outstanding | 10.73M | 10.73M | 5.69M | 4.02M | 1.2M | 1.12M | 1.09M |
| Basic Shares Outstanding | 10.73M | 10.73M | 5.69M | 4.02M | 1.2M | 1.12M | 1.09M |
| Dividend Payout Ratio | - | - | - | - | - | - | - |
Liquidity and dilution risk
According to recent financial disclosures, BranchOut Food has achieved significant top-line expansion, with quarterly revenue growth rates frequently exceeding 100% year-over-year, suggesting that the company is successfully executing its strategy of rapid retail distribution penetration despite the inherent volatility of its nascent, transactional revenue model.
The company's ability to scale revenue suggests strong initial market interest in its proprietary dehydration technology. However, investors should monitor whether this growth is driven by sustainable consumer pull-through or if it relies heavily on one-time pipeline fill orders that may not repeat in subsequent periods.
As reported in quarterly filings, the company maintains a gross margin profile that has struggled to consistently exceed 15%, indicating that the firm lacks the pricing power or manufacturing efficiency required to offset the high variable costs associated with fresh produce procurement and energy-intensive processing.
The persistent margin compression suggests that the company may be sacrificing profitability to secure shelf space in a competitive retail environment. Without a clear path to improving these margins through scale or higher-value product mixes, the current business model appears to face significant structural headwinds.
Based on the provided income statement data, operating expenses continue to significantly outpace gross profit generation, resulting in consistent operating losses that suggest the company has yet to achieve the necessary economies of scale to cover its fixed corporate overhead and marketing expenditures.
The lack of operating leverage is a critical concern, as the company's operating margin remains deeply negative despite the rapid top-line growth. This implies that each incremental dollar of revenue is currently failing to contribute meaningfully to the bottom line, warranting further investigation into management's expense discipline.
Financial statements indicate that the company's aggressive growth strategy is currently being funded by a precarious cash position of only $616,278, which may force management to seek dilutive financing or face a liquidity crunch if the current burn rate is not addressed immediately.
Short-sellers would likely focus on the disconnect between the company's high revenue growth and its inability to generate positive cash flow. The reliance on external capital to fund operations in a high-interest-rate environment appears to be a significant risk factor that could impair shareholder value.
Quick answers to the most common questions about buying BOF stock.
For fiscal year 2025, BranchOut Food Inc. (BOF) reported total revenue of $13.7M. This represents a 4098.1% increase compared to $0.3M in 2020.
BranchOut Food Inc. (BOF) reported a net loss of $6.1M for the fiscal year ending 2025.
BranchOut Food Inc. (BOF) reported an operating income of $-5.0M, resulting in an operating profit margin of -36.2%. This margin reflects the operational efficiency of the business before interest and taxes.
BranchOut Food Inc. (BOF) generated $2.0M in gross profit for the year, representing a gross profit margin of 14.8%. This demonstrates the company's core pricing power and production efficiency.