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BranchOut Food Inc.
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Last updated Oct 16, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
14.8%Gross margin3
-39.1%Operating margin3
-44.6%Net margin3
113.3%Revenue growth, 20253
-109.9%Return on equity3
0.18×Debt to equity3
-$7.7MFree cash flow3
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue85¢$11.7M
- Research and development0¢$7.7K
- Other costs9¢$1.2M
- Interest6¢$780.6K
Out of $13.7M in revenue.34 The company lost money this year.
Financial statements
Every line of the income statement in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net revenue | $13.7M | $6.4M |
| Cost of goods sold | $11.7M | $5.7M |
| Gross profit | $2.0M | $781.8K |
| General and administrative | $3.5M | $1.1M |
| Salaries and wages | $1.6M | $1.6M |
| Professional fees | $1.1M | $1.3M |
| Shipping and handling | $633.0K | $459.1K |
| Advertising and promotions | $514.7K | $229.8K |
| Total operating expenses | $7.4M | $4.7M |
| Operating loss | -$5.4M | -$3.9M |
| Interest income | $19.4K | $14.2K |
| Interest expense | -$780.6K | -$863.2K |
| Total other income (expense) | -$761.2K | -$849.1K |
| Net loss | -$6.1M | -$4.8M |
| Gain (loss) on foreign currency translation | $35.4K | -$8.6K |
| Net other comprehensive loss | -$6.1M | -$4.8M |
| Weighted average common shares outstanding - basic | 10.7M shares | 5.7M shares |
| Weighted average common shares outstanding - diluted | 10.7M shares | 5.7M shares |
| Net loss per common share - basic | -$0.57 | -$0.83 |
| Net loss per common share - diluted | -$0.57 | -$0.83 |
Every line of the balance sheet in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash | $616.3K | $2.3M | |
| Accounts receivable, net | $1.3M | $418.5K | |
| Advances on inventory purchases | $561.2K | $123.8K | |
| Inventory | $2.4M | $1.9M | |
| Prepaid expenses and current assets | $803.5K | $114.4K | |
| Total current assets | $5.7M | $4.9M | |
| Property and equipment, net | $5.7M | $4.1M | |
| Right-of-use assets | $1.4M | $1.6M | |
| Other assets | $1.3M | $1.3M | |
| Other receivable, net of current portion | $435.1K | $680.5K | |
| Note receivable | $360.0K | ||
| Total Assets | $14.5M | $12.9M | |
| Accounts payable | $1.3M | $1.2M | |
| Accrued expenses | $1.0M | $333.6K | |
| Other current liabilities | $912.0K | ||
| Convertible notes payable, related parties, net of discounts, current portion | $3.4M | $3.3M | |
| Operating lease liability, current portion | $53.0K | ||
| Finance lease liability, current portion | $32.6K | $29.2K | |
| Total current liabilities | $6.3M | $8.8M | |
| Notes payable | $34.5K | $34.5K | |
| Equipment notes payable, net of current portion | $965.3K | ||
| Operating lease liability, net of current portion | $1.6M | $1.6M | |
| Finance lease liability, net of current portion | $57.3K | $92.8K | |
| Total Liabilities | $8.9M | $10.5M | |
| Common stock, $0.001 par value, 80,000,000 shares authorized; 13,385,459 and 8,424,600 shares issued and outstanding at December 31, 2025 and 2024, respectively | $13.4K | $8.4K | |
| Additional paid-in capital | $29.2M | $19.9M | |
| Accumulated other comprehensive income (loss) | $26.9K | -$8.6K | |
| Accumulated deficit | -$23.7M | -$17.6M | |
| Total Stockholders Equity | $5.6M | $2.3M | $2.2M |
| Total Liabilities and Stockholders Equity | $14.5M | $12.9M | |
| Preferred stock, par value | $0.00 | $0.00 | |
| Preferred stock, shares authorized | 8.0M shares | 8.0M shares | |
| Preferred stock, shares issued | 0 shares | 0 shares | |
| Preferred stock, shares outstanding | 0 shares | 0 shares | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 80.0M shares | 80.0M shares | |
| Common stock, shares issued | 13.4M shares | 8.4M shares | |
| Common stock, shares outstanding | 13.4M shares | 8.4M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$6.1M | -$4.8M |
| Depreciation expense | $616.6K | $205.9K |
| Bad debts expense | $25.6K | |
| Amortization of debt discounts | $27.3K | $369.1K |
| Provision for prepaid inventory | $75.6K | |
| Impairment of note receivable | $360.0K | |
| Common stock issued for services | $290.1K | |
| Options and warrants issued for services | $245.4K | $414.6K |
| Fair value adjustment related to warrant modification | $32.1K | $89.9K |
| Accounts receivable | -$900.4K | $191.5K |
| Advances on inventory purchases | -$513.0K | -$123.8K |
| Inventory | -$454.5K | -$1.6M |
| Prepaid expenses and other current assets | -$689.1K | -$66.3K |
| Right-of-use asset | $189.6K | $118.9K |
| Other term asset and receivable | $245.4K | -$1.9M |
| Accounts payable | $58.7K | $811.1K |
| Accrued expenses | -$210.2K | $1.1M |
| Operating lease liability | $41.7K | $25.9K |
| Net cash used in operating activities | -$7.0M | -$4.9M |
| Purchase of property and equipment | -$747.0K | -$2.8M |
| Payments received on notes receivable | $24.6K | |
| Net cash used in investing activities | -$747.0K | -$2.8M |
| Proceeds from convertible notes payable, related parties | $3.3M | |
| Proceeds from notes payable, related party | $2.6M | |
| Repayments on notes payable, related parties | -$2.8M | -$115.0K |
| Repayments on notes payable | -$251.6K | -$448.4K |
| Principal payments on finance lease | -$32.0K | -$9.9K |
| Proceeds from issuance of common stock | $7.6M | $4.5M |
| Proceeds from exercise of warrants | $1.5M | |
| Payment of deferred offering costs | -$73.6K | -$534.1K |
| Net cash provided by financing activities | $6.0M | $9.4M |
| Effect of exchange rate changes on cash | $35.4K | -$8.6K |
| Net increase in cash | -$1.7M | $1.7M |
| Interest paid | $433.6K | $196.0K |
| Equipment purchased with debt financing | $1.5M | $500.0K |
| Relative fair value of warrants issued as a debt discount | $101.9K | |
| Relative fair value of warrants issued in connection with sale of common stock | $51.2K | |
| Initial recognition of right-of-use assets and lease liabilities | $1.5M |
Recent filings
- Oct 9, 2026S-3
- Sep 2, 20268-K
- Aug 31, 20268-K
- Aug 28, 20268-K
- Aug 27, 2026S-3MEF
- Aug 27, 2026424B5
- Aug 14, 2026SCHEDULE 13G
- Aug 13, 202610-Q
- Aug 13, 20268-K
- Aug 4, 20268-K
- Jul 2, 2026SCHEDULE 13D/A
- Jul 1, 20268-K
- Jun 16, 20264
- Jun 15, 2026424B3
- Jun 12, 2026EFFECT
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
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