Blue Star Foods Corp.
BSFCOther · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $2.9M | $1.1M | $6.1M | $12.8M | $10.0M | $14.1M |
| Operating income | −$2.3M | −$1.0M | −$4.2M | −$11.6M | −$2.8M | −$1.8M |
| Net income | −$3.6M | −$1.3M | −$4.5M | −$13.2M | −$2.6M | −$4.4M |
| Total assets | $1.4M | $6.2M | $6.4M | $8.7M | $15.9M | $7.8M |
| Total liabilities | $3.7M | $3.8M | $3.8M | $9.9M | $7.0M | $7.8M |
| Equity | −$2.4M | $2.4M | $2.6M | −$1.2M | $8.9M | −$19,723 |
| EPS (diluted) | $-0.10 | $-2.42 | $-43.99 | $-0.52 | $-0.12 | $-0.25 |
| Shares out. | 16.3M | 40.7M | 43.8M | 25.0M | 19.6M | 17.6M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −80.9%
- Net margin
- −123.9%
- Return on equity
- 152.0%
- Return on assets
- −258.4%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 270.0%
- Debt / equity
- —
- Book value / share
- $-0.14
- Revenue growth (YoY)
- 172.9%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -141.24distress
- Accruals / assets
- −209.8%clean
- Piotroski F-Score
- 4/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 3 severe● 4 warning● 3 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Strong return on equity (>15%)
- Revenue is growing year-over-year
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗May 15, 2026
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2026
- NT 10-Qmissed a reporting deadline ↗Aug 14, 2025
- NT 10-Qmissed a reporting deadline ↗May 15, 2025
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2025
- NT 10-Qmissed a reporting deadline ↗Nov 14, 2023
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Quick Capital, LlcPassive (13G)Dec 19, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Keeler John ROfficer — Chief Executive Officer | Jan 14, 2025 | Grant | 480,000 | $0.13 |
| Mclellan Timothy AndrewDirector | Jan 14, 2025 | Grant | 960,000 | $0.13 |
| Guzy Jeffrey JDirector | Jan 14, 2025 | Grant | 1.4M | $0.13 |
| Herian NubarDirector | Jan 14, 2025 | Grant | 480,000 | $0.13 |
| Ringstad Trond K.Director | Jan 14, 2025 | Grant | 960,000 | $0.13 |
| Guzy Jeffrey JDirector | Oct 31, 2024 | Grant | 10,000 | $0.28 |
| Guzy Jeffrey JDirector | Dec 31, 2023 | J | 399,306 | $0.14 |
| Ringstad Trond K.Director | Dec 31, 2023 | J | 277,778 | $0.14 |
| Keeler John ROfficer — Chief Executive Officer | Dec 31, 2023 | J | 173,611 | — |
| Herian NubarDirector | Dec 31, 2023 | J | 173,611 | $0.14 |
| Mclellan Timothy AndrewDirector | Dec 31, 2023 | J | 277,778 | $0.14 |
| Alana Silvia SosaOfficer — Chief Financial Officer | Dec 31, 2023 | J | 173,611 | $0.14 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 36,368 | 1.0 | 0.0% |
| Apr 30, 2026 | 36,368 | 1.0 | -3.2% |
| Apr 15, 2026 | 37,570 | 1.0 | -67.3% |
| Mar 31, 2026 | 114,753 | 1.0 | +198.8% |
| Mar 13, 2026 | 38,406 | 1.0 | +114.9% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Amended charter or bylawsNov 21, 2025
- Changed auditorSep 23, 2025
- Director / officer changeJun 5, 2025
- Shareholder voteDec 20, 2024
- Delisting / listing-standard noticeDec 19, 2024
- Other material eventDec 11, 2024
- Other material eventDec 3, 2024
- Regulation FD disclosure · Other material eventNov 27, 2024
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (1)
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