Filing Flows › Blue Star Foods (BSFC) › Q3 2025
Blue Star Foods (BSFC) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 12, 2025
Blue Star Foods (BSFC) reported revenue of $462K for the third quarter 2025 (Q3 2025), +78% from a year earlier and -61% from the quarter before. Operating margin was -89.3%, net loss $481K (104.0% of revenue).
Blue Star Foods, Q3 2025: revenue $462K (+78% year over year), operating margin -89.3%, net loss $481K, operating cash flow −$184K. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $462K | -61% | +78% |
| Operating profit | −$413K | — | — |
| Net earnings | −$481K | — | — |
| Operating cash flow | −$184K | -190% | — |
What changed
Revenue was $462K in Q3 2025, up 78% year over year and down 61% from the previous quarter.
Gross margin was 92.5%. Operating costs exceeded revenue by $413K, an operating margin of -89.3%. The quarter ended with a net loss of $481K, narrower than the previous quarter's $652K loss.
Operating cash flow was −$184K. Non-cash charges added back $6K of depreciation and amortization and $3K of share-based compensation. Working capital and other items added $288K.
Questions
What was Blue Star Foods' revenue in the third quarter 2025?
Blue Star Foods (BSFC) reported revenue of $462K for the third quarter 2025 (Q3 2025), +78% from a year earlier and -61% from the quarter before.
Was Blue Star Foods profitable in the third quarter 2025?
Operating loss was $413K (-89.3% of revenue) and net loss $481K.
Source: Blue Star Foods 10-Q on SEC EDGAR.