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Blue Star Foods Corp. (BSFC) Stock Fundamental Analysis & AI Rating 2026

BSFC OTC Prepared Fresh or Frozen Fish & Seafoods DE CIK: 0001730773
Updated This Month • Analysis: Mar 21, 2026 • SEC Data: 2025-09-30
Combined AI Rating
STRONG SELL
95% Confidence
STRONG AGREEMENT
STRONG SELL
95% Conf
STRONG SELL
95% Conf

📊 BSFC Key Takeaways

Revenue: $2.6M
Net Margin: -89.9%
Free Cash Flow: $-382.0K
Current Ratio: 0.38x
Debt/Equity: N/A
EPS: $-0.12
AI Rating: STRONG SELL with 95% confidence
Blue Star Foods Corp. (BSFC) receives a STRONG SELL rating with 95% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $2.6M, net profit margin of -89.9%, Blue Star Foods Corp. demonstrates mixed fundamentals in the Consumer sector. Below is our complete BSFC stock analysis for 2026.

Is Blue Star Foods Corp. (BSFC) a Good Investment?

Claude

Blue Star Foods is in severe financial distress with negative stockholders' equity of -$1.7M, indicating liabilities exceed assets. The company is burning cash with operating and free cash flows both deeply negative, while operating losses of -$1.9M on just $2.6M revenue demonstrate fundamental business model problems. Without immediate operational turnaround or capital injection, the company faces insolvency risk.

ChatGPT

Blue Star Foods Corp.'s fundamentals are extremely weak, with deep operating and net losses, negative free cash flow, and negative stockholders' equity. The company also appears financially stressed, given very low liquidity, limited cash, and liabilities that materially exceed assets, which raises serious doubts about balance sheet durability and growth quality.

Why Buy Blue Star Foods Corp. Stock? BSFC Key Strengths

Claude
  • + Gross margin of 29.8% suggests some product pricing power and production efficiency
  • + Minimal capital expenditure requirements indicate low fixed investment needs
  • + Small revenue base leaves room for growth if operations can be stabilized
ChatGPT
  • + Positive gross profit and a 29.8% gross margin indicate the core product still generates some contribution before overhead
  • + Capital expenditure requirements appear low, which may reduce near-term cash demands relative to more asset-heavy businesses
  • + Long-term debt is modest in absolute terms compared with total liabilities, suggesting stress is not driven solely by traditional long-term borrowings

BSFC Stock Risks: Blue Star Foods Corp. Investment Risks

Claude
  • ! Negative stockholders' equity of -$1.7M indicates technical insolvency and balance sheet deterioration
  • ! Operating margin of -72.4% shows the company loses $0.72 for every dollar of revenue generated
  • ! Operating cash flow of -$372.1K and free cash flow of -$382.0K indicate rapid cash depletion with only $82.8K remaining
  • ! Current ratio of 0.38x shows severe liquidity crisis with insufficient current assets to cover current liabilities
  • ! Net margin of -89.9% demonstrates the business is fundamentally unprofitable
  • ! Negative interest coverage of -3.9x indicates inability to service debt obligations from operations
ChatGPT
  • ! Operating margin of -72.4% and net margin of -89.9% show an unsustainable earnings structure
  • ! Current ratio of 0.38x and cash of only $82.77K indicate severe liquidity pressure
  • ! Negative equity of $-1.70M and ROA of -183.1% reflect a highly impaired balance sheet and poor asset productivity

Key Metrics to Watch

Claude
  • * Cash balance depletion rate - critical given only ~3 weeks of cash runway at current burn rate
  • * Operating income trend - must achieve positive operating income to avoid insolvency
  • * Revenue stabilization and growth - current $2.6M annualized revenue insufficient to support cost structure
ChatGPT
  • * Quarterly revenue growth and gross margin stability
  • * Operating cash flow and working capital improvement

Blue Star Foods Corp. (BSFC) Financial Metrics & Key Ratios

Revenue
$2.6M
Net Income
$-2.3M
EPS (Diluted)
$-0.12
Free Cash Flow
$-382.0K
Total Assets
$1.3M
Cash Position
$82.8K

💡 AI Analyst Insight

The current ratio below 1.0x warrants monitoring of short-term liquidity.

BSFC Profit Margin, ROE & Profitability Analysis

Gross Margin 29.8%
Operating Margin -72.4%
Net Margin -89.9%
ROE N/A
ROA -183.1%
FCF Margin -14.7%

BSFC vs Consumer Sector: How Blue Star Foods Corp. Compares

How Blue Star Foods Corp. compares to Consumer sector averages

Net Margin
BSFC -89.9%
vs
Sector Avg 8.0%
BSFC Sector
ROE
BSFC 0.0%
vs
Sector Avg 18.0%
BSFC Sector
Current Ratio
BSFC 0.4x
vs
Sector Avg 1.5x
BSFC Sector
Debt/Equity
BSFC 0.0x
vs
Sector Avg 0.8x
BSFC Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Blue Star Foods Corp. Stock Overvalued? BSFC Valuation Analysis 2026

Based on fundamental analysis, Blue Star Foods Corp. has mixed fundamental signals relative to the Consumer sector in 2026.

Return on Equity
N/A
Sector avg: 18%
Net Profit Margin
-89.9%
Sector avg: 8%
Revenue Growth
N/A
Year-over-year
Debt/Equity
N/A
Sector avg: 0.8x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Blue Star Foods Corp. Balance Sheet: BSFC Debt, Cash & Liquidity

Current Ratio
0.38x
Quick Ratio
0.34x
Debt/Equity
N/A
Debt/Assets
233.4%
Interest Coverage
-3.88x
Long-term Debt
$258.3K

BSFC Revenue & Earnings Growth: 5-Year Financial Trend

BSFC 5-year financial data: Year 2020: Revenue $23.8M, Net Income -$5.0M, EPS $-0.31. Year 2021: Revenue $14.1M, Net Income -$4.4M, EPS N/A. Year 2022: Revenue $12.8M, Net Income -$2.6M, EPS N/A. Year 2023: Revenue $12.8M, Net Income -$13.2M, EPS $-0.52. Year 2024: Revenue $6.1M, Net Income -$4.5M, EPS $-43.99.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Blue Star Foods Corp.'s revenue has declined by 74% over the 5-year period, indicating business contraction. The most recent EPS of $-43.99 indicates the company is currently unprofitable.

BSFC Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-14.7%
Free cash flow / Revenue

BSFC Quarterly Earnings & Performance

Quarterly financial performance data for Blue Star Foods Corp. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $259.8K -$481.0K $-0.03
Q2 2025 $635.0K -$651.8K $-0.04
Q1 2025 $960.8K -$1.2M $-0.08
Q3 2024 $884.3K -$445.8K $-0.13
Q2 2024 $1.7M -$1.1M $-1.52
Q1 2024 $1.9M -$1.1M $-0.04
Q3 2023 $1.6M -$445.8K $-0.13
Q2 2023 $1.7M -$1.1M $-0.61

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Blue Star Foods Corp. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$372.1K
Cash generated from operations
Stock Buybacks
$76.3K
Shares repurchased (TTM)
Capital Expenditures
$9.9K
Investment in assets
Dividends
None
No dividend program

BSFC SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Blue Star Foods Corp. (CIK: 0001730773)

📋 Recent SEC Filings

Date Form Document Action
Nov 21, 2025 8-K form8-k.htm View →
Nov 12, 2025 10-Q form10-q.htm View →
Sep 23, 2025 8-K form8-k.htm View →
Aug 19, 2025 10-Q form10-q.htm View →
Jul 15, 2025 10-Q form10-q.htm View →

Frequently Asked Questions about BSFC

What is the AI rating for BSFC?

Blue Star Foods Corp. (BSFC) has a Combined AI Rating of STRONG SELL from Claude (STRONG SELL) and ChatGPT (STRONG SELL) with 95% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are BSFC's key strengths?

Claude: Gross margin of 29.8% suggests some product pricing power and production efficiency. Minimal capital expenditure requirements indicate low fixed investment needs. ChatGPT: Positive gross profit and a 29.8% gross margin indicate the core product still generates some contribution before overhead. Capital expenditure requirements appear low, which may reduce near-term cash demands relative to more asset-heavy businesses.

What are the risks of investing in BSFC?

Claude: Negative stockholders' equity of -$1.7M indicates technical insolvency and balance sheet deterioration. Operating margin of -72.4% shows the company loses $0.72 for every dollar of revenue generated. ChatGPT: Operating margin of -72.4% and net margin of -89.9% show an unsustainable earnings structure. Current ratio of 0.38x and cash of only $82.77K indicate severe liquidity pressure.

What is BSFC's revenue and growth?

Blue Star Foods Corp. reported revenue of $2.6M.

Does BSFC pay dividends?

Blue Star Foods Corp. does not currently pay dividends.

Where can I find BSFC SEC filings?

Official SEC filings for Blue Star Foods Corp. (CIK: 0001730773) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is BSFC's EPS?

Blue Star Foods Corp. has a diluted EPS of $-0.12.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is BSFC a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Blue Star Foods Corp. has a STRONG SELL rating with 95% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is BSFC stock overvalued or undervalued?

Valuation metrics for BSFC: ROE of N/A (sector avg: 18%), net margin of -89.9% (sector avg: 8%). Compare these metrics with sector averages to assess valuation.

Should I buy BSFC stock in 2026?

Our dual AI analysis gives Blue Star Foods Corp. a combined STRONG SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is BSFC's free cash flow?

Blue Star Foods Corp.'s operating cash flow is $-372.1K, with capital expenditures of $9.9K. FCF margin is -14.7%.

How does BSFC compare to other Consumer stocks?

Vs Consumer sector averages: Net margin -89.9% (avg: 8%), ROE N/A (avg: 18%), current ratio 0.38 (avg: 1.5).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Mar 21, 2026 | Data as of: 2025-09-30 | Powered by Claude AI