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Blue Star Foods (BSFC) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Jul 31, 2026 · Blue Star Foods (BSFC) Q2 2026 earnings results →
Q2 2026 Revenue down 55% year over year to $532K · 12¢ of every $1 of revenue lost · operating margin -29.0%
Blue Star Foods made $532K in Q2 2026 (-55% Y/Y). Operating margin -29.0%, net loss $65K. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Jul 31, 2026.
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What changed this quarter
Revenue was $532K in Q2 2026, down 55% year over year and up 113% from the previous quarter.
Gross margin was 55.8%, up 34.2 points from Q2 2025. Operating costs exceeded revenue by $155K, an operating margin of -29.0%. Operating expenses fell 40% while revenue fell 55%. The quarter ended with a net loss of $65K, narrower than the previous quarter's $735K loss. Non-operating items added $89K, -137% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$47K. Non-cash charges added back $6K of depreciation and amortization and $3K of share-based compensation. Working capital and other items added $8K.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Jul 31, 2026 | $532K | -55% | -29.0% | −$65K | −$47K |
| Q1 2026 | 10-Q | Jul 16, 2026 | $250K | -74% | -207.8% | −$735K | −$49K |
| Q4 2025 | 10-K | May 22, 2026 | $296K | -82% | -155.5% | −$1.2M | −$302K |
| Q3 2025 | 10-Q | Nov 12, 2025 | $462K | +78% | -89.3% | −$481K | −$184K |
| Q2 2025 | 10-Q | Aug 19, 2025 | $1.2M | +85% | -42.1% | −$652K | $204K |
| Q1 2025 | 10-Q | Jul 15, 2025 | $961K | -9% | -101.1% | −$1.2M | −$393K |
| Q4 2024 | 10-K | Jun 23, 2025 | $1.6M | +62% | -339.1% | −$6.1M | −$1.9M |
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About Blue Star Foods
We are an international seafood company based in Miami, Florida that imports, packages and sells refrigerated pasteurized crab meat, and other premium seafood products. Our current source of revenue is from purchasing blue and red swimming crab meat primarily from South East Asia and distributing it in the United States and Canada under several brand names such as Blue Star, Oceanica, Pacifika, Crab & Go, First Choice, Good Stuff and Coastal Pride Fresh. We procure crabs from domestic fishermen, (which is sold fresh and frozen) which in turn are distributed along with crabmeat and steelhead salmon and rainbow trout fingerlings produced under the brand name Little Cedar Farms for distribution in Canada. The crab meat which we import from our suppliers are primarily via co-packing relationships, including two affiliated suppliers.
In its own words, from its 10-K, filed May 22, 2026.
Source: Blue Star Foods 10-Q on SEC EDGAR · CIK 1730773 · Prepared Fresh or Frozen Fish & Seafoods
More on BSFC
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results