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Barfresh Food Group
(NASDAQ:BRFH)
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Rating:44Neutral
Price Target:
$1.50
▲(16.28% Upside)
Action:Reiterated
Date:08/18/26
The score is primarily held down by weak financial performance (persistent losses, negative free cash flow, and negative equity alongside rising debt). Technicals also reflect a downtrend with bearish momentum, only partly offset by oversold readings. Earnings call updates add some support via strong revenue guidance, but near-term margin collapse and continued negative EBITDA keep risk elevated, while valuation remains constrained by lack of profitability and no dividend.
Positive Factors
Strong Revenue Growth
Rapid revenue expansion indicates stronger commercial traction, supported by the Arps acquisition, recovering legacy products, and education-channel wins. Sustained adoption could provide a larger base for recurring foodservice and institutional orders.
Negative Factors
Persistent Losses and Margin Pressure
Severe margin compression and continuing operating losses show that growth is not yet translating into profitable economics. Higher processing, material, and startup costs could remain a fundamental constraint until facility productivity improves.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Rapid revenue expansion indicates stronger commercial traction, supported by the Arps acquisition, recovering legacy products, and education-channel wins. Sustained adoption could provide a larger base for recurring foodservice and institutional orders.
Read all positive factors
Barfresh Food Group (BRFH) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$21.04M
Dividend YieldN/A
Average Volume (3M)141.77K
Price to Earnings (P/E)―
Beta (1Y)0.63
Revenue Growth82.08%
EPS Growth-12.26%
CountryUS
Employees32
SectorGeneral
Sector StrengthN/A
IndustryBeverages - Non-Alcoholic
Share Statistics
EPS (TTM)-0.23
Shares Outstanding16,308,172
10 Day Avg. Volume13,892
30 Day Avg. Volume141,770
Financial Highlights & Ratios
PEG Ratio1.64
Price to Book (P/B)35.18
Price to Sales (P/S)3.29
P/FCF Ratio-26.15
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$4.00Price Target Upside210.08% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.05
Revenue Forecast (FY)$28.48M
Barfresh Food Group Business Overview & Revenue Model
Company Description
Barfresh Food Group, Inc., together with its subsidiaries, manufactures and distributes ready-to-drink and ready-to-blend frozen beverages in the United States. The company offers smoothies, shakes, and frappes. It provides ready-to-drink smoothie...
How the Company Makes Money
Barfresh makes money by selling its beverage products (e.g., ready-to-blend smoothie and shake formats) to commercial customers, with revenue recognized from product shipments and ongoing reorders as customers consume inventory. Its core revenue s...
Barfresh Food Group Earnings Call Summary
Earnings Call Date:Aug 14, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 05, 2026
Earnings Call Sentiment Neutral
The call presented a mixed picture: significant top-line gains and strategic progress (190% Q2 revenue growth driven by the Arps acquisition, regained supply continuity, education channel momentum, facility ownership, and a strong FY revenue guidance of +62% to +83%) are offset by material near-term operational and profitability challenges (gross margin swing to -3.2%, widened net loss and adjusted EBITDA loss, slower-than-expected Arps ramp, loss of ice cream mix production, higher processing and material costs, and increased project financing needs). Management expects sequential improvement in H2 and long-term margin benefits from the new facility, but near-term profitability and execution risks remain meaningful.Positive Updates
Strong Q2 Revenue Growth
Total revenue of $4.7M in Q2 2026, up 190% year-over-year from $1.6M in Q2 2025, driven largely by the Arps Dairy acquisition which contributed $3.2M to revenue.
Negative Updates
Gross Margin Collapse
Q2 2026 reported a gross loss of $150K (negative 3.2% of revenue) versus a gross profit of $506K (31.1% of revenue) in Q2 2025 — a decline of ~34.3 percentage points driven by startup/implementation costs and lower-than-anticipated productivity at the existing Arps facility.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Q2 Revenue Growth
Total revenue of $4.7M in Q2 2026, up 190% year-over-year from $1.6M in Q2 2025, driven largely by the Arps Dairy acquisition which contributed $3.2M to revenue.
Read all positive updates
Company Guidance
Management revised full‑year 2026 guidance to revenue of $23.0–$26.0 million (up 62%–83% vs. FY2025) and adjusted EBITDA of negative $1.0–$2.0 million, with H2 adjusted EBITDA expected to be negative $0.5 million to breakeven; Q2 results that drove the change included revenue of $4.7 million (up 190% YoY) with Arps contributing $3.2 million (including $2.9 million of raw/processed milk) and frozen beverage/food revenue up 9%, a Q2 gross loss of $150k (‑3.2% margin) versus prior‑year gross profit of $506k (31.1%), Q2 adjusted EBITDA loss of ~$1.2 million (vs. ~$600k loss a year ago) and net loss of $1.9 million; balance sheet and financing metrics cited include ~$1.4 million cash and accounts receivable, ~$2.2 million inventory, a $7.5 million senior convertible note, ownership of the Defiance, OH property, a $2.4 million grant to be spent in 2026, and planned partial commissioning of the new 44,000 sq ft facility by end of 2026; the guidance revision reflects ~$1.8 million of higher Arps processing spend, ~$0.8 million lost ice cream mix revenue, ~$0.8 million of material cost increases, ~$0.6 million delayed legacy product revenue recovery, and ~$0.6 million of synergies not yet realized.Barfresh Food Group Financial Statement Overview
Summary
Income Statement
33
Negative
Balance Sheet
22
Negative
Cash Flow
26
Negative
| Breakdown | TTM | Mar 2026 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 19.99M | 14.21M | 10.72M | 8.13M | 9.16M | 6.70M |
| Gross Profit | 2.59M | 3.11M | 3.67M | 2.88M | 1.44M | 2.51M |
| EBITDA | -2.92M | -2.51M | -2.49M | -2.41M | -5.69M | -498.00K |
| Net Income | -3.58M | -2.69M | -2.83M | -2.82M | -6.13M | -1.26M |
Balance Sheet | ||||||
| Total Assets | 12.72M | 12.83M | 3.32M | 4.81M | 5.50M | 9.72M |
| Cash, Cash Equivalents and Short-Term Investments | 324.00K | 325.00K | 235.00K | 1.89M | 2.81M | 5.53M |
| Total Debt | 8.36M | 4.92M | 832.00K | 0.00 | 20.00K | 95.00K |
| Total Liabilities | 12.81M | 11.50M | 2.74M | 2.31M | 2.57M | 1.54M |
| Stockholders Equity | -84.00K | 1.33M | 578.00K | 2.50M | 2.93M | 8.18M |
Cash Flow | ||||||
| Free Cash Flow | -4.13M | -1.79M | -2.28M | -2.96M | -2.66M | -2.01M |
| Operating Cash Flow | -3.14M | -1.67M | -2.23M | -2.96M | -2.65M | -1.86M |
| Investing Cash Flow | -2.21M | -1.35M | -53.00K | 0.00 | -13.00K | -150.54K |
| Financing Cash Flow | 4.97M | 3.10M | 626.00K | 1.83M | 5.00K | 5.73M |
Barfresh Food Group Technical Analysis
Negative
1.29
Price Trends
1.77
Negative
2.12
Negative
2.54
Negative
Market Momentum
-0.16
Positive
33.08
Neutral
13.06
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BRFH, the sentiment is Negative. The current price of 1.29 is below the 20-day moving average (MA) of 1.55, below the 50-day MA of 1.77, and below the 200-day MA of 2.54, indicating a bearish trend. The MACD of -0.16 indicates Positive momentum. The RSI at 33.08 is Neutral, neither overbought nor oversold. The STOCH value of 13.06 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BRFH.
Barfresh Food Group Risk Analysis
Barfresh Food Group disclosed 32 risk factors in its most recent earnings report. Barfresh Food Group reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 2 New Risks
1.
Our use of information technology and third-party service providers exposes us to cybersecurity breaches and other business disruptions. Q4, 2023
2.
We may not be able to continue to comply with Nasdaq listing standards. Q4, 2023
Barfresh Food Group Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $3.60B | 32.15 | 31.09% | ― | 26.10% | 69.15% | |
75 Outperform | $4.22B | 12.16 | 25.26% | 4.68% | 7.67% | 18.60% | |
56 Neutral | $108.28M | -10.65 | -19.05% | ― | 7.22% | 42.48% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | $474.62M | -3.62 | -3133.06% | ― | 11.40% | 36.08% | |
44 Neutral | $21.04M | -5.59 | -148.74% | ― | 82.08% | -12.26% |
* General Sector Average
BRFH
Barfresh Food Group
1.27
-1.73
-57.67%
AKO.A
Embotelladora Andina SA
23.77
5.48
29.98%
SHOT
RMG ML Sports Holdings Class A
9.87
0.04
0.41%
OTLY
Oatly Group
15.08
-3.44
-18.56%
ZVIA
Zevia PBC
1.42
-1.28
-47.41%
COCO
Vita Coco Company
61.63
26.39
74.89%
Barfresh Food Group Corporate Events
Business Operations and StrategyFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
Barfresh Food Group Posts Q2 Revenue Surge Amid Losses
Negative
Aug 14, 2026
Barfresh reported second-quarter 2026 results on August 14, 2026, with revenue surging 190% year over year to $4.7 million, largely driven by the October 2025 acquisition of Arps Dairy. However, startup and inefficiency costs at the existing Arps ...
Executive/Board ChangesDelistings and Listing ChangesRegulatory Filings and Compliance
Barfresh Faces Nasdaq Compliance Issues Amid CFO Transition
Negative
Aug 7, 2026
On August 3, 2026, Barfresh Food Group disclosed that it had received a Nasdaq notice after its market value of listed securities remained below the $35 million threshold for 30 consecutive business days, and that it also failed to meet alternativ...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Barfresh Shareholders Back Board, Boost Authorized Share Count
Positive
Jun 12, 2026
At its annual meeting of stockholders held on June 11, 2026, Barfresh Food Group shareholders re-elected all six incumbent directors to the company’s board, with each nominee receiving strong support in the vote tallies. Shareholders also ra...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.