BranchOut Food Inc. BOF
Food Inc., (collectively with its subsidiary, "BranchOut," the "Company," "we," "us"
or "our"), is a growth-stage consumer packaged foods company focused on developing, manufacturing, marketing, and distributing
clean-label, plant-based dried fruit and vegetable snacks for retail and foodservice markets through BranchOut-branded products, private-label
offerings, and industrial ingredient sales. We were originally incorporated as AvoChips Inc., an Oregon corporation, on February 21,
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $13.7M | $6.4M | $2.8M | $752.2K | — |
| Cost of revenue | $11.7M | $5.7M | $2.9M | $922.7K | — |
| Gross profit | $2.0M | $781.8K | -$96.2K | -$170.6K | — |
| R&D | $270.0K | $18.2K | — | — | — |
| SG&A | $3.5M | $1.1M | $1.6M | $929.7K | — |
| Total operating expenses | $7.4M | $4.7M | $3.4M | $2.2M | — |
| Operating income | -$5.4M | -$3.9M | -$3.5M | -$2.4M | — |
| Interest expense | $780.6K | $863.2K | $435.3K | $2.3M | — |
| Pre-tax income | -$6.1M | -$4.8M | -$3.9M | — | — |
| Net income | -$6.1M | -$4.8M | -$3.9M | -$4.6M | — |
| EPS, basic | -0.57 | -0.83 | -1.44 | -3.87 | — |
| EPS, diluted | -0.57 | -0.83 | -1.44 | -3.87 | — |
| Shares, diluted (wtd. avg.) | $10.7M | $5.7M | $2.7M | $1.2M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Cash and equivalents | $0 | $0 | $0 | $0 | — |
| Receivables | $1.3M | $418.5K | $635.5K | $78.2K | — |
| Inventory | $2.4M | $1.9M | $336.8K | $159.8K | — |
| Total current assets | $5.7M | $4.9M | $1.7M | $1.1M | — |
| Property, plant and equipment | $5.7M | $4.1M | $915.0K | $1.0M | — |
| Other intangibles | — | — | $850.0K | — | — |
| Total assets | $14.5M | $12.9M | $3.1M | $3.3M | — |
| Accounts payable | $1.3M | $1.2M | $382.9K | — | — |
| Short-term debt | $3.9M | — | — | — | — |
| Total current liabilities | $6.3M | $8.8M | $779.1K | $8.4M | — |
| Long-term debt | $999.8K | — | $234.5K | — | — |
| Total liabilities | $8.9M | $10.5M | $914.6K | $8.4M | — |
| Retained earnings | -$23.7M | -$17.6M | -$12.8M | -$8.9M | — |
| Total equity | $5.6M | $2.3M | $2.2M | -$5.1M | -$1.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Operating cash flow | -$7.0M | -$4.9M | -$3.5M | -$2.5M | — |
| Depreciation and amortisation | $616.6K | $205.9K | $223.9K | $93.3K | — |
| Stock-based compensation | $245.4K | $704.7K | $258.6K | $93.5K | — |
| Capital expenditure | $747.0K | $2.8M | $116.6K | $45.1K | — |
| Investing cash flow | -$747.0K | -$2.8M | -$116.6K | -$22.4K | — |
| Financing cash flow | $6.0M | $9.4M | $3.8M | $2.2M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-014040.
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