BranchOut Food Inc. (BOF) Income Statement
BOF 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsBOF revenue and net income
Where BOF's revenue goes
2025Each bar shows an amount and its share of revenue. BOF kept −44.6% of revenue as net income.
BOF profit margins
BOF growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +113.3% | +163.3% | +111.2% | — |
| Gross profit | +160.2% | — | +218.3% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BOF quarterly EPS vs estimates
BranchOut Food beat the analyst EPS estimate in 1 of the last 1 quarters. Next report: November 11, 2026.
BOF income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Revenue | $13.7M | $6.4M | $2.8M | $752,178 | $715,553 | $326,921 |
| Cost of revenue | $11.7M | $5.7M | $2.9M | $922,728 | $786,469 | $320,693 |
| Gross profit | $2.0M | $781,797 | −$96,230 | −$170,550 | −$70,916 | $6,228 |
| Research & development | $269,994 | $18,175 | — | — | — | — |
| Sales, general & admin | $6.7M | $4.7M | $2.6M | $2.1M | $840,814 | $310,890 |
| Total operating expenses | $7.0M | $4.7M | $3.4M | $2.2M | $841,137 | $314,002 |
| Operating income | −$5.0M | −$3.9M | −$3.5M | −$2.4M | −$912,053 | −$307,774 |
| Interest income | $19,400 | $14,156 | $12,424 | $13,627 | $15,017 | $36 |
| Interest expense | $748,496 | $773,282 | $435,271 | $2.3M | $697,729 | $223,485 |
| Income before taxes | −$6.1M | −$4.8M | −$3.9M | −$4.6M | −$660,198 | −$559,842 |
| Income taxes | — | — | $4 | $13,627 | $697,729 | $228,985 |
| Net income | −$6.1M | −$4.8M | −$3.9M | −$4.6M | −$660,198 | −$559,842 |
| EBITDA | −$4.8M | −$3.8M | −$3.3M | −$2.3M | $37,854 | −$297,589 |
| EPS (diluted) | −$0.58 | −$0.85 | −$1.13 | −$3.87 | −$0.58 | — |
| Gross margin | 14.8% | 12.2% | −3.4% | −22.7% | −9.9% | 1.9% |
| Operating margin | −36.2% | −60.6% | −123.9% | −319.9% | −127.5% | −94.1% |
| Net margin | −44.6% | −73.8% | −138.9% | −617.3% | −92.3% | −171.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.5M | $2.6M | $4.0M | $3.2M | $3.3M | $3.2M | $1.5M | $2.2M | $1.4M | $1.5M | $1.5M | $906,996 |
| Cost of revenue | $4.4M | $2.2M | $3.7M | $2.7M | $2.7M | $2.6M | $1.4M | $1.8M | $1.2M | $1.2M | $1.7M | $934,603 |
| Gross profit | $96,825 | $400,660 | $305,923 | $569,550 | $606,459 | $552,515 | $94,933 | $336,340 | $148,759 | $283,588 | −$188,105 | −$27,607 |
| Research & development | $64,561 | $16,638 | $61,729 | $190,875 | — | $7,742 | — | $0 | — | — | — | — |
| Sales, general & admin | $1.1M | $1.2M | $1.8M | $1.8M | $2.0M | $1.2M | $1.2M | $1.2M | $975,174 | $1.3M | $661,135 | $671,383 |
| Total operating expenses | $2.7M | $2.0M | $1.8M | $2.0M | $2.0M | $1.2M | $2.7M | $1.2M | $975,174 | $1.3M | $661,135 | $671,383 |
| Operating income | −$2.6M | −$1.6M | −$1.5M | −$1.4M | −$1.3M | −$682,540 | −$1.1M | −$903,155 | −$826,415 | −$1.0M | −$849,240 | −$698,990 |
| Interest income | $59 | $1,749 | $3,748 | $3,916 | $6,600 | $5,136 | $5,579 | $2,882 | $2,818 | $2,877 | $2,962 | $3,001 |
| Interest expense | $184,551 | $174,903 | $94,819 | $148,964 | $263,735 | $240,978 | $344,998 | $370,532 | $118,957 | $28,744 | $29,271 | $10,004 |
| Income before taxes | −$2.7M | −$1.8M | −$2.0M | −$1.6M | −$1.6M | −$918,382 | −$1.5M | −$1.3M | −$942,554 | −$1.1M | −$1.5M | −$705,993 |
| Income taxes | — | — | — | — | — | −$4 | — | — | −$5 | $4 | $4 | $3,001 |
| Net income | −$2.7M | −$1.8M | −$2.0M | −$1.6M | −$1.6M | −$918,382 | −$1.5M | −$1.3M | −$942,554 | −$1.1M | −$1.5M | −$705,993 |
| EBITDA | −$2.3M | −$1.4M | −$1.8M | −$1.3M | −$1.2M | −$525,049 | — | −$839,659 | −$767,262 | −$965,887 | −$792,900 | −$640,050 |
| EPS (diluted) | −$0.18 | −$0.12 | −$0.16 | −$0.14 | −$0.17 | −$0.11 | −$0.18 | −$0.19 | −$0.22 | −$0.26 | −$0.36 | −$0.18 |
| Gross margin | 2.2% | 15.4% | 7.6% | 17.7% | 18.4% | 17.3% | 6.3% | 15.4% | 10.9% | 19.3% | −12.7% | −3.0% |
| Operating margin | −57.5% | −62.1% | −37.5% | −44.3% | −40.8% | −21.4% | −76.3% | −41.4% | −60.6% | −69.9% | −57.4% | −77.1% |
| Net margin | −61.0% | −68.8% | −50.6% | −48.8% | −48.6% | −28.8% | −98.8% | −58.3% | −69.2% | −71.6% | −99.4% | −77.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in BOF's financial statements (latest annual report filed March 31, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BOF financial results
In fiscal year 2025 (ended December 31, 2025), BranchOut Food reported revenue of $13.7 million, up 113.3% from the year before. It had a net loss of $6.1 million, a net profit margin of −44.6%. Diluted earnings per share came to −$0.58. Over five years revenue grew at an average rate of 111.2% a year.
See the BOF stock overview for the latest quote and news, or the BOF chart for price history and technical indicators.
BOF income statement FAQ
What is BranchOut Food's annual revenue?
BranchOut Food reported total revenue of $13.7 million for fiscal year 2025, which ended on December 31, 2025. That was up 113.3% from $6.4 million the previous year.
Is BranchOut Food profitable?
No. BranchOut Food reported a net loss of $6.1 million in fiscal 2025, a net profit margin of −44.6%; its operating margin was −36.2%.
What is BranchOut Food's gross margin?
BranchOut Food's gross margin was 14.8% in fiscal 2025: for every $100 of revenue, BranchOut Food kept $15 after the direct cost of its products and services.
How much does BranchOut Food spend on research and development?
BranchOut Food spent $0.3 million on research and development in fiscal 2025, 2.0% of revenue.
How fast is BranchOut Food growing?
Revenue grew 111.2% a year on average over the last five fiscal years, from $0.3 million to $13.7 million.
What are BranchOut Food's earnings per share?
BranchOut Food earned $-0.58 per diluted share in fiscal 2025, compared with $-0.85 a year earlier.
When will BranchOut Food report its next earnings?
BranchOut Food is expected to report results for the quarter ending September 30, 2026 on November 11, 2026.
When does BranchOut Food's fiscal year end?
BranchOut Food's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 31, 2026.