Blue Star Foods Corp
NASDAQ:BSFC
Income Statement
Earnings Waterfall
Blue Star Foods Corp
Income Statement
Blue Star Foods Corp
| Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Mar-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||
| Interest Expense |
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
1
|
1
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
|
| Revenue |
32
N/A
|
30
-5%
|
29
-4%
|
27
-6%
|
24
-13%
|
22
-8%
|
17
-21%
|
16
-6%
|
14
-12%
|
12
-15%
|
11
-6%
|
11
-2%
|
10
-10%
|
13
+28%
|
14
+6%
|
12
-10%
|
13
+3%
|
9
-27%
|
8
-14%
|
7
-11%
|
6
-15%
|
6
+6%
|
7
+2%
|
6
-10%
|
4
-39%
|
|
| Gross Profit | ||||||||||||||||||||||||||
| Cost of Revenue |
(27)
|
(25)
|
(25)
|
(23)
|
(21)
|
(19)
|
(16)
|
(15)
|
(13)
|
(11)
|
(9)
|
(9)
|
(8)
|
(11)
|
(12)
|
(13)
|
(13)
|
(10)
|
(9)
|
(7)
|
(6)
|
(6)
|
(6)
|
(6)
|
(3)
|
|
| Gross Profit |
5
N/A
|
5
+5%
|
5
-10%
|
4
-10%
|
3
-23%
|
3
-15%
|
2
-41%
|
1
-8%
|
1
+1%
|
1
-8%
|
2
+43%
|
2
+6%
|
2
-4%
|
2
+9%
|
2
-11%
|
(0)
N/A
|
(1)
-143%
|
(1)
-31%
|
(1)
-30%
|
0
N/A
|
0
-61%
|
0
-72%
|
0
+480%
|
0
+8%
|
0
+37%
|
|
| Operating Income | ||||||||||||||||||||||||||
| Operating Expenses |
(6)
|
(7)
|
(8)
|
(8)
|
(7)
|
(6)
|
(5)
|
(4)
|
(3)
|
(5)
|
(6)
|
(6)
|
(4)
|
(5)
|
(6)
|
(5)
|
(5)
|
(5)
|
(5)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
|
| Selling, General & Administrative |
(3)
|
(3)
|
(4)
|
(5)
|
(4)
|
(3)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
|
| Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
| Other Operating Expenses |
(3)
|
(4)
|
(4)
|
(4)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(4)
|
(4)
|
(4)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
|
| Operating Income |
(1)
N/A
|
(2)
-39%
|
(3)
-72%
|
(4)
-39%
|
(4)
+6%
|
(4)
+11%
|
(3)
+8%
|
(2)
+27%
|
(2)
+24%
|
(4)
-121%
|
(4)
+1%
|
(4)
-8%
|
(2)
+44%
|
(3)
-32%
|
(4)
-24%
|
(6)
-44%
|
(6)
-2%
|
(6)
-2%
|
(6)
+1%
|
(4)
+32%
|
(4)
-6%
|
(4)
+3%
|
(4)
+6%
|
(4)
-1%
|
(3)
+34%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||
| Interest Income Expense |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(1)
|
1
|
1
|
(0)
|
(1)
|
(2)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
(1)
|
(6)
|
(7)
|
(7)
|
(6)
|
(1)
|
(0)
|
0
|
0
|
(0)
|
|
| Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
0
|
0
|
0
|
(0)
|
0
|
0
|
(3)
|
(2)
|
0
|
1
|
3
|
4
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Pre-Tax Income |
(2)
N/A
|
(3)
-21%
|
(4)
-44%
|
(6)
-41%
|
(5)
+10%
|
(5)
+8%
|
(7)
-55%
|
(6)
+18%
|
(4)
+25%
|
(4)
+8%
|
(1)
+75%
|
(1)
-16%
|
(3)
-123%
|
(3)
-22%
|
(4)
-31%
|
(8)
-86%
|
(13)
-70%
|
(14)
-7%
|
(14)
0%
|
(11)
+23%
|
(4)
+59%
|
(4)
+19%
|
(4)
-11%
|
(5)
-22%
|
(4)
+11%
|
|
| Net Income | ||||||||||||||||||||||||||
| Income from Continuing Operations |
(2)
|
(3)
|
(4)
|
(6)
|
(5)
|
(5)
|
(7)
|
(6)
|
(4)
|
(4)
|
(1)
|
(1)
|
(3)
|
(3)
|
(4)
|
(8)
|
(13)
|
(14)
|
(14)
|
(11)
|
(4)
|
(4)
|
(4)
|
(5)
|
(4)
|
|
| Income to Minority Interest |
0
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Net Income (Common) |
(2)
N/A
|
(3)
-23%
|
(4)
-45%
|
(6)
-41%
|
(5)
+11%
|
(5)
+7%
|
(7)
-53%
|
(6)
+17%
|
(5)
+24%
|
(4)
+8%
|
(1)
+74%
|
(1)
-12%
|
(3)
-115%
|
(3)
-21%
|
(4)
-31%
|
(8)
-86%
|
(13)
-70%
|
(14)
-7%
|
(14)
0%
|
(11)
+23%
|
(4)
+59%
|
(4)
+19%
|
(4)
-11%
|
(5)
-22%
|
(4)
+11%
|
|
| EPS (Diluted) |
-151.8
N/A
|
-175.1
-15%
|
-252.78
-44%
|
-356.56
-41%
|
-318.68
+11%
|
-268.73
+16%
|
-372.99
-39%
|
-319.25
+14%
|
-253.22
+21%
|
-213.56
+16%
|
-55.19
+74%
|
-52.88
+4%
|
-119.72
-126%
|
-130.91
-9%
|
-167.25
-28%
|
-307.84
-84%
|
-527.79
-71%
|
-416.93
+21%
|
-298.24
+28%
|
-157.41
+47%
|
-43.84
+72%
|
-6.84
+84%
|
-3.3
+52%
|
-1.77
+46%
|
-0.3
+83%
|
|