Barfresh Food Group, Inc. (BRFH) Balance Sheet
BRFH balance sheet, 2025
December 31, 2025 · U.S. dollars$12.8M assets = $11.5M liabilities + $1.3M equity
Both columns are drawn to the same scale: what BRFH owns equals what it owes plus shareholders’ equity. Hover a block for its value.
BRFH financial health
Descriptive bands, not a rating. Fiscal 2025.
BRFH balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $11.8M2016 | $12.8M2025 | +0.9%/yr | |
| Total liabilities | $913,1032016 | $11.5M2025 | +32.5%/yr | |
| Shareholders’ equity | $10.9M2016 | $1.3M2025 | −20.9%/yr | |
| Cash & short-term investments | $9.2M2016 | $325,0002025 | −31.0%/yr | |
| Total debt | $12,8072016 | $4.9M2025 | +93.7%/yr | |
| Net cash (debt) | $9.2M2016 | −$4.6M2025 | −$13.8M | |
| Working capital | $8.8M2016 | −$6.8M2025 | −$15.6M | |
| Book value per share | $1.482016 | $0.082025 | −27.4%/yr | |
| Current ratio | 10.682016 | 0.382025 | −10.30 | |
| Debt / equity | 0.002016 | 3.702025 | +3.70 | |
| Shares outstanding | 7.4M2016 | 16.0M2025 | +9.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
BRFH assets
BRFH liabilities and equity
BRFH debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
BRFH balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $325,000 | $235,000 | $1.9M | $2.8M | $5.5M | $1.8M | $999,989 | $1.0M | $1.3M | $9.2M |
| Cash & equivalents | $325,000 | $235,000 | $1.9M | $2.8M | $5.5M | $1.8M | $999,989 | $1.0M | $1.3M | $9.2M |
| Receivables | $2.1M | $884,000 | $981,000 | $227,000 | $1.2M | $425,029 | $284,668 | $357,304 | $301,012 | $131,088 |
| Inventory | $1.7M | $1.5M | $1.2M | $1.0M | $705,000 | $870,190 | $634,746 | $1.2M | $1.4M | $317,948 |
| Other current assets | $182,000 | $104,000 | $67,000 | $290,000 | $206,000 | $189,448 | $108,991 | $98,457 | $24,496 | $25,864 |
| Total current assets | $4.2M | $2.7M | $4.2M | $4.4M | $7.7M | $3.3M | $2.0M | $2.7M | $3.0M | $9.7M |
| Property, plant & equipment (net) | $8.3M | $333,000 | $409,000 | $819,000 | $1.7M | $2.1M | $2.6M | $2.5M | $1.8M | $1.5M |
| Goodwill & intangible assets | $125,000 | $178,000 | $241,000 | $306,000 | $370,000 | $430,216 | $479,503 | $537,789 | $586,943 | $619,863 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $180,000 | $84,000 | $7,000 | $7,000 | $7,000 | $14,816 | $8,304 | $0 | $39,369 | $53,202 |
| Total assets | $12.8M | $3.3M | $4.8M | $5.5M | $9.7M | $5.8M | $5.1M | $5.8M | $5.4M | $11.8M |
| Liabilities | ||||||||||
| Accounts payable | $3.1M | $1.2M | $1.7M | $2.0M | $974,000 | $353,045 | $625,068 | $1.1M | $421,176 | $153,756 |
| Short-term debt | $4.5M | $708,000 | — | $20,000 | $81,000 | $633,567 | $207,434 | — | — | $3,849 |
| Deferred revenue | — | — | — | — | — | $401,306 | — | — | — | — |
| Total current liabilities | $11.0M | $2.6M | $2.3M | $2.6M | $1.5M | $2.1M | $1.9M | $2.1M | $1.3M | $904,145 |
| Long-term debt | $470,000 | $124,000 | $0 | $0 | $0 | $1.2M | $2.6M | $2.2M | $0 | $8,958 |
| Lease obligations | — | — | $0 | $20,000 | $94,996 | $159,177 | $215,869 | — | — | — |
| Other long-term liabilities | $0 | $0 | $0 | $2.1M | $48,000 | $221,834 | $370,205 | $1.5M | $421,176 | $0 |
| Total liabilities | $11.5M | $2.7M | $2.3M | $2.6M | $1.5M | $3.5M | $4.8M | $5.8M | $1.3M | $913,103 |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | — | — | — | — | $13 | $12 | $130 | $123 | $119 | $117 |
| Retained earnings (deficit) | −$66.3M | −$63.6M | −$60.8M | −$58.0M | −$52.2M | −$50.9M | −$46.7M | −$41.2M | −$33.8M | −$24.9M |
| Accumulated other comprehensive income | — | — | — | — | — | — | −$1.8M | $0 | $0 | — |
| Total shareholders' equity | $1.3M | $578,000 | $2.5M | $2.9M | $8.2M | $2.3M | $283,724 | −$35,048 | $4.2M | $10.9M |
| Key figures | ||||||||||
| Total debt | $4.9M | $832,000 | — | $20,000 | $95,000 | $1.9M | $3.0M | $2.2M | — | $12,807 |
| Net cash (debt) | −$4.6M | −$597,000 | — | $2.8M | $5.4M | −$77,463 | −$2.0M | −$1.2M | — | $9.2M |
| Working capital | −$6.8M | $107,000 | $1.8M | $1.8M | $6.2M | $1.2M | $146,337 | $652,360 | $1.8M | $8.8M |
| Tangible book value | $1.2M | $400,000 | $2.3M | $2.6M | $7.8M | $1.9M | −$195,779 | −$572,837 | $3.6M | $10.3M |
| Book value per share | $0.08 | $0.04 | $0.19 | $0.23 | $0.68 | $0.22 | $0.03 | −$0.00 | $0.46 | $1.48 |
| Shares outstanding | 16.0M | 14.7M | 13.4M | 12.9M | 12.1M | 10.7M | 9.9M | 9.2M | 9.1M | 7.4M |
| Current ratio | 0.38 | 1.04 | 1.80 | 1.70 | 5.13 | 1.57 | 1.08 | 1.31 | 2.40 | 10.68 |
| Quick ratio | 0.22 | 0.43 | 1.24 | 1.18 | 4.52 | 1.07 | 0.68 | 0.68 | 1.26 | 10.30 |
| Debt / equity | 3.70 | 1.44 | — | 0.01 | 0.01 | 0.82 | 10.42 | — | — | 0.00 |
| Equity / assets | 10.4% | 17.4% | 52.0% | 53.3% | 84.1% | 40.0% | 5.5% | −0.6% | 76.6% | 92.3% |
| 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 | $324,000 | $1.8M | $325,000 | $1.9M | $712,000 | $1.9M | $235,000 | $401,000 | $383,000 | $1.2M | $1.9M | $1.0M |
| Cash & equivalents | $324,000 | $1.8M | $325,000 | $1.9M | $712,000 | $1.9M | $235,000 | $401,000 | $383,000 | $1.2M | $1.9M | $1.0M |
| Receivables | $1.1M | $2.3M | $2.0M | $2.6M | $573,000 | $1.6M | $884,000 | $1.7M | $690,000 | $1.4M | $981,000 | $1.3M |
| Inventory | $2.2M | $1.8M | $1.7M | $1.1M | $1.8M | $1.1M | $1.5M | $770,000 | $1.5M | $1.3M | $1.2M | $748,000 |
| Other current assets | $194,000 | $237,000 | $281,000 | $155,000 | $126,000 | $189,000 | $104,000 | $226,000 | $122,000 | $230,000 | $67,000 | $167,000 |
| Total current assets | $3.8M | $6.2M | $4.2M | $5.7M | $3.3M | $4.8M | $2.7M | $3.1M | $2.7M | $4.1M | $4.2M | $3.2M |
| Property, plant & equipment (net) | $8.7M | $8.4M | $8.3M | $697,000 | $320,000 | $308,000 | $333,000 | $390,000 | $300,000 | $350,000 | $409,000 | $487,000 |
| Goodwill & intangible assets | $125,000 | $125,000 | $125,000 | $125,000 | $136,000 | $157,000 | $178,000 | $194,000 | $210,000 | $226,000 | $241,000 | $258,000 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $139,000 | $180,000 | $180,000 | $302,000 | $58,000 | $72,000 | $84,000 | $98,000 | $92,000 | $105,000 | $7,000 | $7,000 |
| Total assets | $12.7M | $14.8M | $12.8M | $6.8M | $3.8M | $5.3M | $3.3M | $3.8M | $3.3M | $4.7M | $4.8M | $4.0M |
| Liabilities | ||||||||||||
| Accounts payable | $3.9M | $1.7M | $3.6M | $1.7M | $1.4M | $1.4M | $1.2M | $1.7M | $843,000 | $1.3M | $1.7M | $1.7M |
| Short-term debt | $893,000 | $968,000 | — | $1.7M | $107,000 | $103,000 | $708,000 | $181,000 | — | — | — | — |
| Deferred revenue | — | — | — | — | — | — | — | −$181,000 | — | — | — | — |
| Total current liabilities | $5.3M | $5.8M | $11.0M | $4.5M | $1.7M | $2.5M | $2.6M | $2.2M | $1.5M | $2.1M | $2.3M | $2.7M |
| Long-term debt | $7.5M | $7.4M | $470,000 | $330,000 | $69,000 | $97,000 | $124,000 | $151,000 | $0 | $0 | $0 | $0 |
| Lease obligations | — | — | — | — | — | — | — | — | — | — | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $111,000 | $126,000 | $0 | $0 |
| Total liabilities | $12.8M | $13.2M | $11.5M | $4.9M | $1.7M | $2.5M | $2.7M | $2.4M | $1.7M | $2.2M | $2.3M | $2.7M |
| Shareholders' equity | ||||||||||||
| Retained earnings (deficit) | −$68.8M | −$67.0M | −$66.3M | −$65.6M | −$65.3M | −$64.4M | −$63.6M | −$62.8M | −$62.3M | −$61.2M | −$60.8M | −$60.1M |
| Total shareholders' equity | −$84,000 | $1.7M | $1.3M | $1.9M | $2.0M | $2.8M | $578,000 | $1.4M | $1.7M | $2.5M | $2.5M | $1.3M |
| Key figures | ||||||||||||
| Total debt | $8.4M | $7.9M | $470,000 | $1.7M | $176,000 | $200,000 | $832,000 | $332,000 | — | — | — | — |
| Net cash (debt) | −$8.0M | −$6.1M | −$145,000 | $155,000 | $536,000 | $1.7M | −$597,000 | $69,000 | — | — | — | — |
| Working capital | −$1.5M | $404,000 | −$6.8M | $1.1M | $1.6M | $2.3M | $107,000 | $872,000 | $1.2M | $2.0M | $1.8M | $541,000 |
| Tangible book value | −$209,000 | $1.6M | $1.2M | $1.8M | $1.9M | $2.6M | $400,000 | $1.2M | $1.5M | $2.3M | $2.3M | $1.0M |
| Book value per share | −$0.01 | $0.10 | $0.08 | $0.12 | $0.13 | $0.18 | $0.04 | $0.10 | $0.11 | $0.17 | $0.17 | $0.10 |
| Shares outstanding | 16.2M | 16.0M | 16.0M | 15.9M | 15.7M | 15.4M | 14.7M | 14.7M | 14.7M | 14.5M | 14.4M | 13.0M |
| Current ratio | 0.71 | 1.07 | 0.38 | 1.25 | 1.97 | 1.96 | 1.04 | 1.39 | 1.77 | 1.95 | 1.80 | 1.20 |
| Quick ratio | 0.27 | 0.72 | 0.21 | 0.98 | 0.78 | 1.42 | 0.43 | 0.94 | 0.69 | 1.22 | 1.24 | 0.86 |
| Debt / equity | — | 4.69 | 0.35 | 0.90 | 0.09 | 0.07 | 1.44 | 0.24 | — | — | — | — |
| Equity / assets | −0.7% | 11.3% | 10.4% | 28.3% | 54.3% | 52.3% | 17.4% | 37.2% | 50.3% | 53.4% | 52.0% | 32.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 15, 2026); data from EODHD.
BRFH financial position
At the end of fiscal 2025 (December 31, 2025), Barfresh Food had total assets of $12.8 million (up 286.7% from a year earlier), total liabilities of $11.5 million and shareholders' equity of $1.3 million. It held $0.3 million in cash and short-term investments against $4.9 million of debt, net debt of $4.6 million. Its current ratio was 0.38. In the latest quarter (ended June 30, 2026) total assets were $12.7 million and equity -$0.1 million.
Related: BRFH income statement, BRFH cash flow statement, BRFH key metrics. See the BRFH stock overview for the latest quote and news.
BRFH balance sheet FAQ
What are Barfresh Food's total assets?
Barfresh Food reported total assets of $12.8 million at the end of fiscal 2025 (December 31, 2025), compared with $3.3 million a year earlier.
How much debt does Barfresh Food have?
Barfresh Food had $4.9 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 3.70.
How much cash does Barfresh Food have?
Barfresh Food held $0.3 million in cash and short-term investments at the end of fiscal 2025; with $4.9 million of debt that is net debt of $4.6 million.
What is Barfresh Food's book value?
Barfresh Food's shareholders' equity (book value) was $1.3 million at the end of fiscal 2025, or $0.08 per share.
What is Barfresh Food's current ratio?
Barfresh Food had current assets of $4.2 million and current liabilities of $11.0 million, a current ratio of 0.38 (current liabilities exceed current assets).
How much goodwill does Barfresh Food have?
Barfresh Food carried $0.1 million of goodwill and intangible assets, 1.0% of total assets, at the end of fiscal 2025.