BranchOut Food Inc. Common Stock (BOF)

FairStock Score: 23/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I have always preferred businesses that earn consistent profits and need little capital. BranchOut Food does not fit that mold yet. It sells plant-based dehydrated fruit and vegetable snacks, a consumer-defensive category, but the filed figures show a company still searching for scale. Revenue is moving: in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $4.5M versus $3.3M in fiscal Q2 2025, the quarter ended 2025-06-30. FY2025, the year ended 2025-12-31, revenue was $13.7M against $6.4M in FY2024, the year ended 2024-12-31. That growth is real. The problem is the bottom line. In fiscal Q2 2026 net income was -$2.7M, and FY2025 net loss was -$6.1M after -$4.8M in FY2024 and -$3.9M in FY2023, the year ended 2023-12-31. FairStock's trailing free cash flow is -$8.9M, a -23.7% FCF yield. That is not a business funding its own growth; it is consuming cash. The balance sheet looks stretched: FairStock's debt-to-equity is 2.00, Altman Z-score is -0.74, ROE is -202.60%, and ROCE is -29.95%. Its Piotroski F-score is 2/9. At the 2026-10-13 close of $2.45, market cap is $37.6M. FairStock's P/B is 8.47, P/E is -4.09, and FairStock Score is 23/100. Without earnings, those price-based metrics offer little Graham-style margin of safety. The Lynch category is none because BranchOut lost money in each of the last four years. I would want evidence of durable gross margins, lower cash burn, and a credible path to positive owner earnings before calling this anything other than speculative. Growth without profit is not value.

In plain English: BranchOut Food sells dried fruit and vegetable snacks. Sales are growing, but the company is losing money, burning cash, and carries a lot of debt for its size. At $2.45 a share, the price looks expensive for a business that is not yet making a profit.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer