One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
Barfresh Food Group, Inc.
BRFH · NCM · Consumer Defensive · Beverages - Non-Alcoholic
Current price
$0.92
52-week range
$0.84 - $3.78
Market cap
$15.08M
Balance sheet
Distressed
-13.43x Concerning
Net debt $8.04M. Interest coverage shows how many times profit covers the interest bill.
What stands out
1 Reward
1 Risk
1 rewards · 1 risks
- Reward Revenue grew 40.7% last year.
- Risk Return on equity was -364.2% last year — the company lost money on shareholders' equity.
What this company does
Barfresh Food Group, Inc.
Barfresh Food Group makes and sells pre-packaged frozen drinks like smoothies and shakes, primarily to large organizations like school districts. The company sells its products through distributors (middleman companies that help get products to customers), which matters because landing big contracts with institutions can create a steady stream of sales. This business model allows Barfresh to focus on a smaller number of large, reliable buyers rather than individual consumers in grocery stores.
How the company got here
Founded in 2005, Barfresh set out to make serving freshly blended frozen beverages easier and more cost-effective for businesses. The company developed a patented system using pre-packaged, portion-controlled ingredients for smoothies, shakes, and frappes. A major turning point was its 2025 acquisition of Arps Dairy, which allowed Barfresh to bring most of its manufacturing in-house instead of relying on other companies. This shift was crucial for increasing its production capabilities and supporting large customers, particularly in the school system.
What it actually does
Barfresh makes and sells a variety of frozen beverages that are either ready to be blended or already prepared and ready to drink. Their main products include smoothies, shakes, and frappes, which are sold under brand names like 'Twist & Go' and 'Easy Pour'. The company focuses on using natural ingredients without artificial flavors, preservatives, or colors. These products are primarily sold through distributors to customers like K-12 schools, restaurants, hospitals, and military bases.
Frozen Beverages and Food
This is the company's main business, focused on selling its frozen drink products. It offers several formats to meet different customer needs, from single-serving packs that just need water and a blender to bulk concentrates for high-volume locations. A key customer group is the K-12 education market, where its products, like the 'Twist & Go' ready-to-drink smoothies, are designed to meet school nutritional standards. This segment provides drinks to a wide range of other institutions as well, including hospitals, amusement parks, and restaurants.
Raw and Processed Milk
This business line was created after Barfresh bought Arps Dairy in 2025. By acquiring a dairy processor, Barfresh gained control over its own manufacturing and a new source of revenue (the money a company receives from its business activities). While the primary goal was to produce its own beverage products, the acquisition also meant that Barfresh now sells milk products. This move helps the company reduce costs associated with using outside manufacturers and gives it more control over its supply chain (the entire process of making and selling goods, from getting the raw materials to delivering the final product to the customer).
What management is betting on now
The company's main focus is on expanding its in-house manufacturing to support growth, especially within school districts. By building out its own production facilities in Ohio, Barfresh aims to handle larger orders and operate more efficiently, which means making products at a lower cost. Management believes that having direct control over production will allow them to secure more large-scale contracts and re-engage with customers they previously couldn't fully supply. This strategy is intended to significantly increase revenue and improve profitability in the long run.
Price history
How the share price has moved
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Loading price history…
Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q3
$-52.00K
FY2024 Q4
$-693.00K
FY2025 Q1
$-534.00K
FY2025 Q2
$-1.14M
FY2025 Q3
$-650.00K
FY2025 Q4
$426.00K
FY2026 Q1
$-3.03M
FY2026 Q2
$-986.00K
Revenue
$4.71M
Net income
$-1.86M
Diluted EPS
-0.12
Operating cash flow
$-669.00K
Free cash flow
$-986.00K
Fetching…
Sources
Revenue
$5.63M
Net income
$-661.00K
Diluted EPS
-0.04
Operating cash flow
$-2.38M
Free cash flow
$-3.03M
Fetching…
Sources
Revenue
$5.42M
Net income
$-763.00K
Diluted EPS
-0.04
Operating cash flow
$507.00K
Free cash flow
$426.00K
Fetching…
Sources
Revenue
$4.23M
Net income
$-290.00K
Diluted EPS
-0.02
Operating cash flow
$-598.00K
Free cash flow
$-650.00K
Fetching…
Sources
Revenue
$1.62M
Net income
$-880.00K
Diluted EPS
-0.06
Operating cash flow
$-1.07M
Free cash flow
$-1.14M
Fetching…
Sources
Revenue
$2.93M
Net income
$-761.00K
Diluted EPS
-0.05
Operating cash flow
$-506.00K
Free cash flow
$-534.00K
Fetching…
Sources
Revenue
$2.79M
Net income
$-852.00K
Diluted EPS
-0.06
Operating cash flow
$-685.00K
Free cash flow
$-693.00K
Fetching…
Sources
Revenue
$3.64M
Net income
$-513.00K
Diluted EPS
-0.03
Operating cash flow
$5.00K
Free cash flow
$-52.00K
Fetching…
Sources
Is it cheap or expensive?
Fair value — vs current price $0.92
We couldn't calculate a fair value right now.
Is it drowning in debt?
Distressed
Net debt $8.0M. Interest coverage -13.4x.
Net debt
$8.04M
Interest coverage
-13.43x
Barfresh Food Group, Inc.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 3 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Distressed
Worse cushion
Baseline
Better cushion
BRFH
BASELINE
Barfresh Food Group, Inc.
Total debt $8.36M Interest coverage -13.43x This is the baseline the peer rows are being compared against.
Total debt $10.05M Interest coverage -13.67x Neither company has much profit cushion over interest right now.
Total debt $3.76M Interest coverage -70.10x Neither company has much profit cushion over interest right now.
Total debt $8.27M Interest coverage -4.27x Neither company has much profit cushion over interest right now.
What you should know
The case for and against BRFH
1 Reward
1 Risk
Rewards
-
Revenue grew 40.7% last year.
Risks
-
Return on equity was -364.2% last year — the company lost money on shareholders' equity.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
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Forward P/E
-46.22x
P/B
-184.88x
P/S
0.75x
EV/EBITDA
-7.70x
PEG ratio
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Profitability
How much profit each dollar creates
Gross margin
13.0%
Operating margin
-31.4%
Net margin
-17.9%
ROE
-364.2%
ROA
-24.7%
Health
Liquidity and balance-sheet strength
Debt / equity
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Current ratio
0.71x
Quick ratio
0.27x
Total debt
$8.36M
Total cash
$324.00K
Growth
How the business has been compounding
Revenue TTM
$19.99M
Revenue 5Y CAGR
20.7%
EPS TTM
-0.23
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$-3.14M
Free CF TTM
$-1.79M
FCF margin
-8.9%
Dividend
Shareholder payout
Yield
—
Payout ratio
0.0%
Last ex-div date
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