BranchOut Food Inc. (BOF) Balance Sheet
BOF balance sheet, 2025
December 31, 2025 · U.S. dollars$14.5M assets = $8.9M liabilities + $5.6M equity
Both columns are drawn to the same scale: what BOF owns equals what it owes plus shareholders’ equity. Hover a block for its value.
BOF financial health
Descriptive bands, not a rating. Fiscal 2025.
BOF balance sheet trends, 2020–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.5M2020 | $14.5M2025 | +56.4%/yr | |
| Total liabilities | $2.8M2020 | $8.9M2025 | +26.2%/yr | |
| Shareholders’ equity | −$1.2M2020 | $5.6M2025 | — | |
| Cash & short-term investments | $1.1M2020 | $616,2782025 | −11.2%/yr | |
| Total debt | $2.1M2020 | $6.6M2025 | +25.6%/yr | |
| Net cash (debt) | −$999,7162020 | −$6.0M2025 | −$5.0M | |
| Working capital | $697,6802020 | −$584,2402025 | −$1.3M | |
| Book value per share | $0.552023 | $0.522025 | −2.9%/yr | |
| Current ratio | 1.942020 | 0.912025 | −1.03 | |
| Debt / equity | 0.172023 | 1.182025 | +1.02 | |
| Shares outstanding | 4.0M2023 | 10.7M2025 | +63.5%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
BOF assets
BOF liabilities and equity
BOF debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
BOF balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Cash & short-term investments | $616,278 | $2.3M | $657,789 | $312,697 | $620,332 | $1.1M |
| Cash & equivalents | $616,278 | $2.3M | $657,789 | $312,697 | $620,332 | $1.1M |
| Receivables | $2.0M | $449,203 | $655,084 | $87,826 | $151,774 | $77,163 |
| Inventory | $561,160 | $1.9M | $336,805 | $159,761 | $203,969 | $249,511 |
| Other current assets | $2.5M | $207,424 | $28,565 | $517,689 | $311,815 | $638 |
| Total current assets | $5.7M | $4.9M | $1.7M | $1.1M | $1.3M | $1.4M |
| Property, plant & equipment (net) | $7.1M | $5.6M | $1.1M | $1.0M | $1.1M | $712 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $1.7M | $2.3M | $384,628 | $1.2M | $835,374 | $100,000 |
| Total assets | $14.5M | $12.9M | $3.1M | $3.3M | $3.2M | $1.5M |
| Liabilities | ||||||
| Accounts payable | $1.3M | $1.2M | $382,948 | $280,079 | $247,070 | $22,077 |
| Short-term debt | $4.0M | $6.4M | $230,901 | $7.4M | $156,332 | $88,445 |
| Deferred revenue | — | — | — | — | $318,362 | $140,580 |
| Total current liabilities | $6.3M | $8.8M | $779,093 | $8.4M | $1.3M | $745,358 |
| Long-term debt | $999,832 | $34,500 | $34,500 | $34,500 | $3.5M | $2.0M |
| Lease obligations | $1.7M | $1.7M | $131,930 | $0 | — | — |
| Other long-term liabilities | $1.6M | $1.7M | $101,029 | $0 | $0 | $0 |
| Total liabilities | $8.9M | $10.5M | $914,622 | $8.4M | $4.8M | $2.8M |
| Shareholders' equity | ||||||
| Common stock & paid-in capital | $13,385 | $8,425 | $4,044 | $1,201 | $2,981 | $2,779 |
| Retained earnings (deficit) | −$23.7M | −$17.6M | −$12.8M | −$8.9M | −$4.2M | −$3.6M |
| Accumulated other comprehensive income | $26,865 | −$8,581 | — | — | — | $0 |
| Total shareholders' equity | $5.6M | $2.3M | $2.2M | −$5.1M | −$1.6M | −$1.2M |
| Key figures | ||||||
| Total debt | $6.6M | $8.1M | $366,430 | $7.4M | $3.6M | $2.1M |
| Net cash (debt) | −$6.0M | −$5.7M | $291,359 | −$7.1M | −$3.0M | −$999,716 |
| Working capital | −$584,240 | −$3.9M | $899,150 | −$7.3M | −$44,533 | $697,680 |
| Tangible book value | $5.6M | $2.3M | $2.2M | −$5.1M | −$1.6M | −$1.2M |
| Book value per share | $0.52 | $0.41 | $0.55 | — | — | — |
| Shares outstanding | 10.7M | 5.7M | 4.0M | — | — | — |
| Current ratio | 0.91 | 0.56 | 2.15 | 0.13 | 0.97 | 1.94 |
| Quick ratio | 0.42 | 0.32 | 1.69 | 0.05 | 0.58 | 1.60 |
| Debt / equity | 1.18 | 3.45 | 0.17 | — | — | — |
| Equity / assets | 38.5% | 18.2% | 70.7% | −157.5% | −50.8% | −79.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $211,985 | $917,661 | $616,278 | $812,007 | $641,129 | $2.4M | $2.3M | $1.1M | $936,061 | $251,699 | $657,789 | $1.0M |
| Cash & equivalents | $211,985 | $917,661 | $616,278 | $812,007 | $641,129 | $2.4M | $2.3M | $1.1M | $936,061 | $251,699 | $657,789 | $1.0M |
| Receivables | $3.8M | $1.9M | $2.0M | $1.9M | $2.3M | $1.5M | $418,463 | $980,266 | $414,682 | $522,363 | $655,084 | $582,614 |
| Inventory | $50,121 | $4.0M | $561,160 | $2.7M | $2.1M | $1.6M | $1.9M | $844,025 | $273,983 | $118,065 | $336,805 | $341,117 |
| Other current assets | $3.9M | $910,797 | $2.5M | $100,688 | $95,250 | $327,725 | $238,164 | $447,809 | $961,181 | $377,125 | $28,565 | $961,119 |
| Total current assets | $8.0M | $7.7M | $5.7M | $5.5M | $5.2M | $5.8M | $4.9M | $3.3M | $2.6M | $1.3M | $1.7M | $2.9M |
| Property, plant & equipment (net) | $7.3M | $7.4M | $7.1M | $7.1M | $5.7M | $5.8M | $5.6M | $5.3M | $3.4M | $1.0M | $1.1M | $1.1M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $1.9M | $2.1M | $1.7M | $2.1M | $2.2M | $2.5M | $2.3M | $880,393 | $649,728 | $374,728 | $384,628 | $384,628 |
| Total assets | $17.3M | $17.2M | $14.5M | $14.7M | $13.2M | $14.1M | $12.9M | $9.6M | $6.7M | $2.7M | $3.1M | $4.4M |
| Liabilities | ||||||||||||
| Accounts payable | $2.3M | $2.4M | $1.3M | $1.3M | $1.6M | $1.1M | $1.2M | $826,299 | $1.1M | $397,142 | $382,948 | $128,308 |
| Short-term debt | $146,375 | $5.2M | $4.0M | $884,627 | $2.2M | $6.3M | — | $1.6M | $130,965 | $382,563 | $230,901 | $264,852 |
| Deferred revenue | — | — | — | — | — | — | — | — | $1 | — | — | — |
| Total current liabilities | $7.8M | $8.8M | $6.3M | $3.3M | $4.5M | $8.5M | $8.8M | $2.6M | $1.3M | $869,808 | $779,093 | $613,507 |
| Long-term debt | $3.5M | $814,385 | $999,832 | $4.5M | $3.4M | $34,500 | $34,500 | $3.4M | $1.4M | $34,500 | $34,500 | $34,500 |
| Lease obligations | $1.7M | $1.7M | $1.7M | $1.7M | $1.7M | $1.7M | $1.7M | $2.0M | $2.1M | $124,519 | $131,930 | $141,501 |
| Other long-term liabilities | $1.5M | $1.6M | $1.6M | $1.7M | $1.7M | $1.7M | $1.7M | $2.0M | $2.0M | $92,761 | $101,029 | $109,075 |
| Total liabilities | $12.8M | $11.2M | $8.9M | $9.5M | $9.6M | $10.2M | $10.5M | $8.0M | $4.7M | $997,069 | $914,622 | $757,082 |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $15,316 | $14,582 | $13,385 | $12,234 | $10,720 | $9,585 | — | $6,925 | $6,010 | $4,121 | $4,044 | $4,007 |
| Retained earnings (deficit) | −$28.2M | −$25.5M | −$23.7M | −$21.7M | −$20.1M | −$18.5M | −$17.6M | −$16.1M | −$14.8M | −$13.9M | −$12.8M | −$11.3M |
| Accumulated other comprehensive income | −$29,549 | −$29,380 | $26,865 | $18,053 | $20,182 | −$372 | — | −$1,794 | $58 | $36,019 | — | — |
| Total shareholders' equity | $4.5M | $5.9M | $5.6M | $5.1M | $3.5M | $3.9M | $2.3M | $1.5M | $2.0M | $1.7M | $2.2M | $3.6M |
| Key figures | ||||||||||||
| Total debt | $1.7M | $7.6M | $6.6M | $7.1M | $7.3M | $8.0M | $34,500 | $7.0M | $3.5M | $509,824 | $366,430 | $408,427 |
| Net cash (debt) | −$1.5M | −$6.7M | −$6.0M | −$6.3M | −$6.6M | −$5.6M | $2.3M | −$6.0M | −$2.6M | −$258,125 | $291,359 | $600,057 |
| Working capital | $240,771 | −$1.1M | −$584,240 | $2.1M | $662,217 | −$2.7M | −$3.9M | $702,541 | $1.3M | $399,444 | $899,150 | $2.3M |
| Tangible book value | $4.5M | $5.9M | $5.6M | $5.1M | $3.5M | $3.9M | $2.3M | $1.5M | $2.0M | $1.7M | $2.2M | $3.6M |
| Book value per share | $0.42 | $0.55 | $0.52 | $0.44 | $0.37 | $0.68 | $0.28 | $0.23 | $0.46 | $0.41 | $0.55 | $0.90 |
| Shares outstanding | 10.7M | 10.7M | 10.7M | 11.5M | 9.7M | 5.7M | 8.4M | 6.7M | 4.3M | 4.1M | 4.0M | 4.0M |
| Current ratio | 1.03 | 0.87 | 0.91 | 1.63 | 1.15 | 0.68 | 0.56 | 1.27 | 2.02 | 1.46 | 2.15 | 4.72 |
| Quick ratio | 0.52 | 0.32 | 0.42 | 0.80 | 0.65 | 0.45 | 0.31 | 0.78 | 1.05 | 0.89 | 1.69 | 2.59 |
| Debt / equity | 0.38 | 1.28 | 1.18 | 1.39 | 2.05 | 2.06 | 0.01 | 4.61 | 1.78 | 0.30 | 0.17 | 0.11 |
| Equity / assets | 25.9% | 34.5% | 38.5% | 34.9% | 26.9% | 27.5% | 18.2% | 15.9% | 29.8% | 63.0% | 70.7% | 82.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 31, 2026); data from EODHD.
BOF financial position
At the end of fiscal 2025 (December 31, 2025), BranchOut Food had total assets of $14.5 million (up 12.5% from a year earlier), total liabilities of $8.9 million and shareholders' equity of $5.6 million. It held $0.6 million in cash and short-term investments against $6.6 million of debt, net debt of $6.0 million. Its current ratio was 0.91. In the latest quarter (ended June 30, 2026) total assets were $17.3 million and equity $4.5 million.
Related: BOF income statement, BOF cash flow statement, BOF key metrics. See the BOF stock overview for the latest quote and news.
BOF balance sheet FAQ
What are BranchOut Food's total assets?
BranchOut Food reported total assets of $14.5 million at the end of fiscal 2025 (December 31, 2025), compared with $12.9 million a year earlier.
How much debt does BranchOut Food have?
BranchOut Food had $6.6 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.18.
How much cash does BranchOut Food have?
BranchOut Food held $0.6 million in cash and short-term investments at the end of fiscal 2025; with $6.6 million of debt that is net debt of $6.0 million.
What is BranchOut Food's book value?
BranchOut Food's shareholders' equity (book value) was $5.6 million at the end of fiscal 2025, or $0.52 per share.
What is BranchOut Food's current ratio?
BranchOut Food had current assets of $5.7 million and current liabilities of $6.3 million, a current ratio of 0.91 (current liabilities exceed current assets).