BOF
BranchOut Food Inc.
Next earnings Aug 13, 2026
Last earnings -0.7% on 2026-01-30
$4.78
▲ +11.16%$4.78▲ +103.40%
over 1Y
L $2.02H $4.78
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+11.2%
1W+5.1%
1M+27.8%
3M+29.9%
YTD+47.5%
1Y+103.4%
Avoid
Conviction
Horizon
Long (>12mo)
Triple-digit revenue growth can't offset a $0-cash balance sheet and an auditor's going-concern doubt — uninvestable until funded.
Revenue $13.7M · FY2025
BranchOut is a genuine growth story trapped in a survival problem. Revenue has roughly doubled for three straight years to $13.7M (+113.3% YoY), gross margin inched up to 14.8% from 12.2%, and equity rose 137.9% — real commercial traction as the Peru GentleDry facility ramps. But the data and the filing language make the financial position the dominant fact: the auditor has issued an explicit going-concern paragraph ('substantial doubt about our ability to continue as a going concern'), cash & equivalents stand at $0.00, and operating cash flow was -$7.0M. That combination is the textbook profile of a company that must raise capital imminently or stop.
The balance sheet confirms the squeeze. Current liabilities ($6.27M) exceed current assets ($5.68M) for negative working capital, and $3.93M of debt is due within the year against zero cash — the MD&A openly states the company operates 'with recurring losses and negative working capital' and 'remain[s] dependent on external financing.' Losses are still widening in absolute terms (net loss -$6.12M, up from -$4.75M; operating loss -$5.36M), and the 14.8% gross margin is nowhere near covering a $7.4M operating-expense base. ROE is -109.9% and accumulated deficit is -$23.7M.
Is BOF a buy? The one-page verdict, explained →
The options angle
model · matches our verdictBear put spread (caution)~90d expiry
- Long put 5 @ ~1.25 est
- Short put 4.5 @ ~0.95 est
debit $30max +$20max −$30BE 4.70
AVOID means we wouldn't engage at all — if expressing the short side anyway, only with capped risk.
Educational template, not a trade recommendation. Strikes and premiums are Black-Scholes model estimates from the last close and 30-day realized volatility — real chains, spreads and IV will differ. Options involve substantial risk.
Financials · annual, by fiscal year
| Line item | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | $752K | $2.83M | $6.43M | $13.7M |
| Gross profit | -$171K | -$96.2K | $782K | $2.03M |
| Operating income | -$2.41M | -$3.50M | -$3.90M | -$5.36M |
| Net income | -$4.64M | -$3.93M | -$4.75M | -$6.12M |
| Diluted EPS | -$3.87 | -$1.44 | -$0.83 | -$0.57 |
| Net margin | -617.3% | -138.9% | -73.8% | -44.6% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$78.1M
EV / EBITDA—
EV / Sales5.7
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield-8.4%
FCF yield-10.6%
Quality & risk
ROIC (est.)-40.3%
Free cash flow-$7.75M
Total debt$4.93M
Net cash-$4.93M
Altman Z-Score2.33 grey
Piotroski F-Score3/8
Capital returns
Buyback yield—
Dividend yield (est.)—
Shareholder yield—
Shares Δ YoY+52.1%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has skewed negative — read the flagged items.
- 8-K Material agreement2026-07-01
- S-3 Shelf registration (potential raise)2026-06-05
S-3 shelf registration enabling future stock/debt sales — dilution overhang
- 8-K Material agreement2026-05-15
New financing agreement adds debt (item 2.03) amid going-concern doubt
- 10-Q Quarterly report2026-05-14
Q1'26: recurring losses and negative working capital persist; going concern
- 8-K Material agreement2026-05-07
Entered a new material agreement (1.01); not flagged as new debt
- 8-K Material agreement2026-04-17
Another new debt obligation (1.01/2.03) taken on to fund operations
- 10-K Annual report2026-03-31
FY25 revenue +113% to $13.7M but loss widened; going-concern doubt flagged
- 8-K Officer / director change2026-03-20
Officer/director change disclosed (item 5.02)
- 8-K Material agreement2026-01-30
Earnings update (2.02) plus new financing/debt (1.01/2.03); mixed disclosures
Recent filings
all on EDGAR ↗SCHEDULE 13D/AFiling2026-07-02open ↗8-KPeriod ending 2026-06-302026-07-01open ↗4Period ending 2026-06-162026-06-16open ↗424B3Filing2026-06-15open ↗EFFECTFiling2026-06-12open ↗S-3Filing2026-06-05open ↗4Period ending 2026-06-022026-06-04open ↗SCHEDULE 13D/AFiling2026-06-04open ↗SCHEDULE 13D/AFiling2026-05-15open ↗8-KPeriod ending 2026-05-142026-05-15open ↗10-QPeriod ending 2026-03-312026-05-14open ↗4Period ending 2026-05-122026-05-14open ↗
Frequently asked
- Is BranchOut Food Inc. (BOF) a buy?
- BOF currently carries a Avoid rating with 4/5 conviction, derived from its latest SEC filings. Triple-digit revenue growth can't offset a $0-cash balance sheet and an auditor's going-concern doubt — uninvestable until funded.
- What is BranchOut Food Inc.'s quality score?
- BOF scores 52.69749135166528/100 (grade C-) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001962481, latest 10-Q filed 2026-05-14) · EODHD · Proprietary analysis · as of 6/30/2026, 12:54:34 PM.
About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 30, 2026, 8:54 AM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.