Filing Flows › Blue Star Foods (BSFC) › Q1 2025
Blue Star Foods (BSFC) Q1 2025 earnings results (first quarter 2025)
10-Q filed Jul 15, 2025
Blue Star Foods (BSFC) reported revenue of $961K for the first quarter 2025 (Q1 2025), -9% from a year earlier and -41% from the quarter before. Operating margin was -101.1%, net loss $1.2M (124.9% of revenue).
Blue Star Foods, Q1 2025: revenue $961K (-9% year over year), operating margin -101.1%, net loss $1.2M, operating cash flow −$393K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $961K | -41% | -9% |
| Operating profit | −$972K | — | — |
| Net earnings | −$1.2M | — | — |
| Operating cash flow | −$393K | — | — |
What changed
Revenue was $1.0M in Q1 2025, down 9% year over year and down 41% from the previous quarter.
Gross margin was 9.5%. Operating costs exceeded revenue by $1.0M, an operating margin of -101.1%. The quarter ended with a net loss of $1.2M, narrower than the previous quarter's $6.1M loss.
Operating cash flow was −$393K. Non-cash charges added back $6K of depreciation and amortization. Working capital and other items added $801K. Capital expenditures of $10K exceeded it, leaving free cash flow of −$402K.
Questions
What was Blue Star Foods' revenue in the first quarter 2025?
Blue Star Foods (BSFC) reported revenue of $961K for the first quarter 2025 (Q1 2025), -9% from a year earlier and -41% from the quarter before.
Was Blue Star Foods profitable in the first quarter 2025?
Operating loss was $972K (-101.1% of revenue) and net loss $1.2M.
Source: Blue Star Foods 10-Q on SEC EDGAR.