BranchOut Food Inc.
BOF Nasdaq Food And Kindred Products Financials FY2022โFY2025
Last close ยท Oct 23, 2026
$2.02
0.0%
Revenue
Total sales reported in the income statement.
$13.7M
113.3%
vs prior year
Operating margin
Operating income as a share of revenue.
โ39.1%
21.6ย pts
Net income
Profit after all expenses, interest and tax.
โ$6.1M
Free cash flow
Cash from operations minus capital spending.
โ$7.7M
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
โ40.3%
Market cap
Last close times the latest diluted share count, so it is approximate.
$30.7M
Oct 23 close
P/E
Last close divided by diluted earnings per share over the last four quarters.
โ
On โ$0.59 EPS (TTM)
What BranchOut Food Inc. does
No business description yet.
- Legal name
- BranchOut Food Inc.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K ยท Mar 31, 2026
- Accession ยท CIK
- 0001493152-26-014040
0001962481
Revenue and margins
BranchOut Food Inc. had $13.7M of revenue in fiscal 2025, up 113.3% on the year before.
FY22
Revenue $0.9M
FY23
Revenue $3.2M
FY24
Revenue $6.4M
FY25
Revenue $13.7M
Q3 '23
Revenue $1.1M
Q4 '23
Revenue $1.6M
Q1 '24
Revenue $1.5M
Q2 '24
Revenue $1.4M
Q3 '24
Revenue $2.2M
Q4 '24
Revenue $1.4M
Q1 '25
Revenue $3.2M
Q2 '25
Revenue $3.3M
Q3 '25
Revenue $3.2M
Q4 '25
Revenue $4.0M
Q1 '26
Revenue $2.6M
Q2 '26
Revenue $4.5M
FY22
Gross โ19.2%
Operating โ270.7%
Net โ522.4%
FCF โ282.7%
FY23
Gross โ3.0%
Operating โ110.0%
Net โ123.3%
FCF โ114.5%
FY24
Gross 12.2%
Operating โ60.6%
Net โ73.8%
FCF โ119.8%
FY25
Gross 14.8%
Operating โ39.1%
Net โ44.6%
FCF โ56.4%
Gross
Operating
Net
FCF
Q3 '23
Gross โ2.5%
Operating โ62.2%
Net โ62.8%
FCF โ45.8%
Q4 '23
Gross โ1.3%
Operating โ89.8%
Net โ91.4%
FCF โ20.0%
Q1 '24
Gross 19.3%
Operating โ69.7%
Net โ71.5%
FCF โ37.6%
Q2 '24
Gross 10.9%
Operating โ60.6%
Net โ69.2%
FCF โ101.3%
Q3 '24
Gross 15.4%
Operating โ41.4%
Net โ58.3%
FCF โ157.9%
Q4 '24
Gross 0.9%
Operating โ80.7%
Net โ104.5%
FCF โ163.6%
Q1 '25
Gross 16.7%
Operating โ20.3%
Net โ29.0%
FCF โ73.0%
Q2 '25
Gross 17.8%
Operating โ40.0%
Net โ49.0%
FCF โ65.3%
Q3 '25
Gross 17.7%
Operating โ44.3%
Net โ48.8%
FCF โ36.8%
Q4 '25
Gross 7.6%
Operating โ47.6%
Net โ50.6%
FCF โ52.6%
Q1 '26
Gross 15.4%
Operating โ62.1%
Net โ68.8%
FCF โ100.2%
Q2 '26
Gross 2.2%
Operating โ57.5%
Net โ61.0%
FCF โ67.1%
Gross
Operating
Net
FCF
Net income and earnings per share
Loss periods are shown in red.
FY22
Net income โ$4.6M
FY23
Net income โ$3.9M
FY24
Net income โ$4.8M
FY25
Net income โ$6.1M
Q3 '23
Net income โ$0.7M
Q4 '23
Net income โ$1.5M
Q1 '24
Net income โ$1.1M
Q2 '24
Net income โ$0.9M
Q3 '24
Net income โ$1.3M
Q4 '24
Net income โ$1.5M
Q1 '25
Net income โ$0.9M
Q2 '25
Net income โ$1.6M
Q3 '25
Net income โ$1.6M
Q4 '25
Net income โ$2.0M
Q1 '26
Net income โ$1.8M
Q2 '26
Net income โ$2.7M
FY22
Diluted EPS โ$3.87
FY23
Diluted EPS โ$1.44
FY24
Diluted EPS โ$0.83
FY25
Diluted EPS โ$0.57
Q3 '23
Diluted EPS โ$0.18
Q4 '23
Diluted EPS โ$0.41
Q1 '24
Diluted EPS โ$0.26
Q2 '24
Diluted EPS โ$0.22
Q3 '24
Diluted EPS โ$0.19
Q4 '24
Diluted EPS โ$0.16
Q1 '25
Diluted EPS โ$0.11
Q2 '25
Diluted EPS โ$0.17
Q3 '25
Diluted EPS โ$0.14
Q4 '25
Diluted EPS โ$0.15
Q1 '26
Diluted EPS โ$0.12
Q2 '26
Diluted EPS โ$0.18
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY22
Return on capital โ
Return on equity โ
Return on assets โ142.2%
FY23
Return on capital โ113.2%
Return on equity โ
Return on assets โ122.9%
FY24
Return on capital โ
Return on equity โ208.8%
Return on assets โ59.5%
FY25
Return on capital โ40.3%
Return on equity โ154.8%
Return on assets โ44.8%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was โ$7.7M in fiscal 2025, โ56.4% of revenue. Cash from operations minus capital spending.
FY22
Free cash flow โ$2.5M
FY23
Free cash flow โ$3.6M
FY24
Free cash flow โ$7.7M
FY25
Free cash flow โ$7.7M
Q3 '23
Free cash flow โ$0.5M
Q4 '23
Free cash flow โ$0.3M
Q1 '24
Free cash flow โ$0.6M
Q2 '24
Free cash flow โ$1.4M
Q3 '24
Free cash flow โ$3.4M
Q4 '24
Free cash flow โ$2.3M
Q1 '25
Free cash flow โ$2.3M
Q2 '25
Free cash flow โ$2.1M
Q3 '25
Free cash flow โ$1.2M
Q4 '25
Free cash flow โ$2.1M
Q1 '26
Free cash flow โ$2.6M
Q2 '26
Free cash flow โ$3.0M
FY22
Cash from operations โ$2.5M
Capital spending $0.0M
FY23
Cash from operations โ$3.5M
Capital spending $0.1M
FY24
Cash from operations โ$4.9M
Capital spending $2.8M
FY25
Cash from operations โ$7.0M
Capital spending $0.7M
Cash from operations
Capital spending
Q3 '23
Cash from operations โ$0.5M
Capital spending $0.1M
Q4 '23
Cash from operations โ$0.3M
Capital spending $0.1M
Q1 '24
Cash from operations โ$0.5M
Capital spending $0.1M
Q2 '24
Cash from operations โ$0.9M
Capital spending $0.5M
Q3 '24
Cash from operations โ$1.9M
Capital spending $1.5M
Q4 '24
Cash from operations โ$1.6M
Capital spending $0.7M
Q1 '25
Cash from operations โ$1.9M
Capital spending $0.4M
Q2 '25
Cash from operations โ$2.0M
Capital spending $0.1M
Q3 '25
Cash from operations โ$1.1M
Capital spending $0.1M
Q4 '25
Cash from operations โ$1.9M
Capital spending $0.2M
Q1 '26
Cash from operations โ$2.1M
Capital spending $0.5M
Q2 '26
Cash from operations โ$2.8M
Capital spending $0.2M
Cash from operations
Capital spending
Dividends, buybacks and share count
BranchOut Food Inc. returned โ to shareholders in fiscal 2025. The diluted share count rose 88.5%.
FY22
Dividends โ
Buybacks โ
FY23
Dividends โ
Buybacks โ
FY24
Dividends โ
Buybacks โ
FY25
Dividends โ
Buybacks โ
Dividends
Buybacks
FY22
Diluted shares 0.00B
FY23
Diluted shares 0.00B
FY24
Diluted shares 0.01B
FY25
Diluted shares 0.01B
Balance sheet
Cash, debt and the ratios that show how comfortably BranchOut Food Inc. can carry it.
FY22
Cash $0.0M
Debt โ
FY23
Cash $0.0M
Debt $0.4M
FY24
Cash $0.0M
Debt โ
FY25
Cash $0.0M
Debt $6.6M
Cash
Debt
| Fiscal year end | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Cash and short-term investments | $0.0M | $0.0M | $0.0M | $0.0M |
| Debt incl. finance leases | โ | $0.4M | โ | $6.6M |
| Debt / equity | โ | 0.1x | โ | 0.9x |
| Interest coverage | โ1.1x | โ8.0x | โ4.5x | โ6.9x |
| Current ratio | 0.1x | 2.2x | 0.6x | 0.9x |
| Quick ratio | 0.1x | 1.7x | 0.3x | 0.5x |
| Total assets | $3.3M | $3.1M | $12.9M | $14.5M |
| Total liabilities | $8.4M | $0.9M | $10.5M | $8.9M |
| Shareholders' equity | โ$5.1M | $2.2M | $2.3M | $5.6M |
| Net debt (โ = net cash) | โ | $0.4M | โ | $6.6M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. โPlanโ marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
โ
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8โ9 is strong, 0โ2 weak.
| Test | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Net income is positive | โ | โ | โ | โ |
| Cash from operations is positive | โ | โ | โ | โ |
| Return on assets rose | โ | โ | โ | โ |
| Cash from operations exceeds net income | โ | โ | โ | โ |
| Debt fell relative to assets | โ | โ | โ | โ |
| Current ratio rose | โ | โ | โ | โ |
| Share count didn't rise | โ | โ | โ | โ |
| Gross margin rose | โ | โ | โ | โ |
| Revenue rose relative to assets | โ | โ | โ | โ |
| F-score | โ / 3 | 5 / 8 | 2 / 8 | 3 / 8 |
| Accruals ratio | โ66.7% | โ12.4% | 1.4% | 6.4% |
| Altman Z'' | โ29.12 | โ16.47 | โ8.25 | โ7.44 |
4 years of figures
Amounts in USD. Hover a ratioโs name for its definition.
| Fiscal year | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | $0.9M | $3.2M | $6.4M | $13.7M |
| Gross profit | โ$0.2M | โ$0.1M | $0.8M | $2.0M |
| Research and development | โ | โ | $0.0M | $0.0M |
| Operating income | โ$2.4M | โ$3.5M | โ$3.9M | โ$5.4M |
| Interest expense | $2.3M | $0.4M | $0.9M | $0.8M |
| Pretax income | โ | โ$3.9M | โ$4.8M | โ$6.1M |
| Net income | โ$4.6M | โ$3.9M | โ$4.8M | โ$6.1M |
| Diluted EPS | โ$3.87 | โ$1.44 | โ$0.83 | โ$0.57 |
| Diluted shares | 0.00B | 0.00B | 0.01B | 0.01B |
| Cash flow | ||||
| Cash from operations | โ$2.5M | โ$3.5M | โ$4.9M | โ$7.0M |
| Capital expenditure | $0.0M | $0.1M | $2.8M | $0.7M |
| Free cash flow | โ$2.5M | โ$3.6M | โ$7.7M | โ$7.7M |
| Depreciation and amortization | $0.1M | $0.2M | $0.2M | $0.6M |
| Stock-based compensation | $0.1M | $0.3M | $0.7M | $0.2M |
| Balance sheet | ||||
| Cash and short-term investments | $0.0M | $0.0M | $0.0M | $0.0M |
| Total debt | โ | $0.2M | โ | $4.9M |
| Finance lease liabilities | โ | $0.1M | $0.1M | $1.7M |
| Deposits | โ | $0.1M | โ | โ |
| Current assets | $1.1M | $1.7M | $4.9M | $5.7M |
| Current liabilities | $8.4M | $0.8M | $8.8M | $6.3M |
| Inventory | $0.2M | $0.3M | $1.9M | $2.4M |
| Property and equipment, net | $1.0M | $0.9M | $4.1M | $5.7M |
| Intangible assets | โ | $0.9M | โ | โ |
| Total assets | $3.3M | $3.1M | $12.9M | $14.5M |
| Total liabilities | $8.4M | $0.9M | $10.5M | $8.9M |
| Shareholders' equity | โ$5.1M | $2.2M | $2.3M | $5.6M |
| Margins | ||||
| Gross margin | โ19.2% | โ3.0% | 12.2% | 14.8% |
| Operating margin | โ270.7% | โ110.0% | โ60.6% | โ39.1% |
| EBITDA margin | โ260.2% | โ103.0% | โ57.4% | โ34.6% |
| Net margin | โ522.4% | โ123.3% | โ73.8% | โ44.6% |
| FCF margin | โ282.7% | โ114.5% | โ119.8% | โ56.4% |
| Returns | ||||
| Return on capital | โ | โ113.2% | โ | โ40.3% |
| Return on capital employed | 47.1% | โ149.3% | โ96.5% | โ65.5% |
| Return on equity | โ | โ | โ208.8% | โ154.8% |
| Return on assets | โ142.2% | โ122.9% | โ59.5% | โ44.8% |
| Return on tangible equity | โ | โ288.5% | โ202.9% | โ109.9% |
| Growth | ||||
| Revenue growth | โ | 258.2% | 102.1% | 113.3% |
| Share count change | โ | 127.2% | 108.8% | 88.5% |
| Financial health | ||||
| Debt / equity | โ | 0.1x | โ | 0.9x |
| Interest coverage | โ1.1x | โ8.0x | โ4.5x | โ6.9x |
| Current ratio | 0.1x | 2.2x | 0.6x | 0.9x |
| Quick ratio | 0.1x | 1.7x | 0.3x | 0.5x |
| Capital allocation | ||||
| Capex / revenue | 5.1% | 3.7% | 44.2% | 5.4% |
| Stock comp / revenue | 10.5% | 8.1% | 11.0% | 1.8% |
| Quality scores | ||||
| Piotroski F-score | โ | 5.0 | 2.0 | 3.0 |
| Altman Z'' | โ29.1 | โ16.5 | โ8.2 | โ7.4 |
| Accruals ratio | โ66.7% | โ12.4% | 1.4% | 6.4% |
Source: SEC EDGAR XBRL filings (CIK 0001962481). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only โ not investment advice. Check the original filings before relying on any figure.