BRFH
Barfresh Food Group, Inc.Consumer Defensive·Beverages - Non-Alcoholic
--
$0M market cap
Revenue
$16.9M
Free Cash Flow
$-4.3M
Rev Growth
+92.2%
FCF Margin
-25.3%
P/FCF
--
EV/FCF
--
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Barfresh Food Group, Inc. manufactures and distributes ready-to-drink and ready-to-blend frozen beverages in the United States. The company offers smoothies, shakes and frappes in various formats comprising ready-to-drink bottled, easy pour, juice concentrates, and single serve. The company was founded in 2009 and is based in Los Angeles, California.
2-Year Price History
$2.45+45.0%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 5.6 | -0.4 | -0.4 | -0.7 | -2.4 | -3.0 | -0.7 | 1.8 | 7.9 | 16.0 | -18.6% | -1.6x | -- |
| Act | 2025-Q4 | 5.4 | -0.8 | -1.1 | -0.8 | 0.5 | 0.4 | -0.1 | 0.3 | 4.9 | 16.0 | -54.5% | -5.4x | -- |
| Act | 2025-Q3 | 4.2 | -0.2 | -0.3 | -0.3 | -0.6 | -0.6 | -0.1 | 1.9 | 1.7 | 15.9 | -34.4% | -7.8x | -- |
| Act | 2025-Q2 | 1.6 | -0.8 | -0.9 | -0.9 | -1.1 | -1.1 | -0.1 | 0.7 | 0.2 | 15.7 | -215.5% | -66.8x | -- |
| Act | 2025-Q1 | 2.9 | -0.7 | -0.7 | -0.8 | -0.5 | -0.5 | -0.0 | 1.9 | 0.2 | 15.4 | -122.4% | -28.9x | -- |
| Act | 2024-Q4 | 2.8 | -0.8 | -0.8 | -0.9 | -0.7 | -0.7 | -0.0 | 0.2 | 0.8 | 14.8 | -396.1% | -27.0x | -- |
| Act | 2024-Q3 | 3.6 | -0.4 | -0.5 | -0.5 | 0.0 | -0.1 | -0.1 | 0.4 | 0.3 | 14.7 | -500.8% | -32.9x | -- |
| Act | 2024-Q2 | 1.5 | -0.9 | -1.0 | -1.0 | -0.8 | -0.8 | -0.0 | 0.4 | 0.0 | 14.7 | <-999% | -116.9x | -- |
| Act | 2024-Q1 | 2.8 | -0.4 | -0.5 | -0.5 | -0.8 | -0.8 | -0.0 | 1.2 | 0.0 | 14.5 | -146.7% | -125.0x | -- |
| Act | 2023-Q4 | 1.9 | -0.6 | -0.7 | -0.7 | -1.0 | -1.0 | -0.0 | 1.9 | 0.0 | 14.4 | -231.7% | -- | -- |
| Act | 2023-Q3 | 2.6 | -0.4 | -0.5 | -0.5 | 0.1 | 0.1 | -0.0 | 1.0 | 0.0 | 13.0 | -- | -355.0x | -- |
| Act | 2023-Q2 | 1.5 | -0.6 | -0.7 | -0.7 | -0.8 | -0.8 | -0.0 | 1.0 | 0.0 | 13.0 | -- | -- | -- |
| Act | 2023-Q1 | 2.1 | -0.8 | -0.8 | -0.9 | -1.2 | -1.2 | -0.0 | 1.6 | 0.0 | 13.0 | -- | -- | -- |
| Act | 2022-Q4 | 1.4 | -1.8 | -1.9 | -1.9 | -0.0 | -0.0 | -0.0 | 2.8 | 0.0 | 12.9 | <-999% | -- | -- |
| Act | 2022-Q3 | 2.4 | -2.6 | -2.7 | -2.7 | -0.7 | -0.7 | -0.0 | 2.8 | 0.0 | 12.9 | <-999% | -- | -- |
| Act | 2022-Q2 | 2.8 | -0.6 | -0.7 | -0.7 | -0.8 | -0.8 | -0.0 | 3.5 | 0.1 | 12.9 | -167.7% | -- | -- |
| Act | 2022-Q1 | 2.5 | -0.7 | -0.9 | -0.9 | -1.1 | -1.2 | -0.0 | 4.3 | 0.1 | 12.9 | -144.0% | -- | -- |
Historical Valuation
Multiples vs the company's own history — cheap or rich relative to itself? Historical fiscal years, then TTM, then forward projections (E). Forward rows hold today's price against projected earnings, so the multiple compresses if the company grows into it.
| Year | Price | Rev Gr | EBITDA % | EBITDA | EV/EBITDA | EV/FCF | P/E | P/S |
|---|---|---|---|---|---|---|---|---|
| 2022 | 1.30 | — | -62.2% | -6 | — | — | — | — |
| 2023 | 1.59 | -11.3% | -29.6% | -2 | — | — | — | — |
| 2024 | 2.94 | +31.9% | -23.3% | -2 | — | — | — | — |
| 2025 | 2.93 | +32.6% | -17.8% | -3 | — | — | — | — |
| TTM | — | +56.3% | -13.2% | -2 | 0.0× | 0.0× | — | — |
EBITDA in reporting-currency $M. Historical multiples use year-end market cap (split-adjusted price history); TTM & forward years use today's.
Valuation & Metrics
Market Stats
Price--
Market Cap$0M
Enterprise Value$6M
P/S Ratio0.0x
P/FCF--
EV/FCF--
FCF Margin (TTM)-25.3%
FCF Yield0.0%
Dividend Yield (TTM)--
Annual Dilution4.3%
CurrencyUSD
TTM Financial Snapshot
Revenue$16.9M
Net Income$-2.6M
Free Cash Flow$-4.3M
Revenue Growth (YoY)+92.2%
EBITDA Margin-13.2%
Net Margin-15.3%
FCF Margin-25.3%
CapEx % of Revenue5.0%
SBC % of Revenue2.8%
ROIC-80.8%
WC Change % Rev-6.4%
Interest Coverage-5.3x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.0M
Days to Cover1.8
Change (vs Prior)-23.2%
Need at least 2 settlement dates for chart
Employees
Headcount11
Revenue / Employee$1,537,273
Gross Profit / Employee$295,182
Cash Runway
5.1months
CRITICAL
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
25.4%(-1.4% YoY)
8 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
4.2%(-0.1% YoY)
6 filers
Vanguard, iShares, SPDR
Market makers
0.0%(+0.0% YoY)
1 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| Ibex Investors LLC | $4.0M | $7.08 | +$0 | +$0 | -5.3% | $146M |
| Bleichroeder LP | $3.9M | $4.91 | +$0 | +$0 | -2.8% | $579M |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $937K | $2.81 | +$937K | +$937K | — | $4.04T |
| MORGAN STANLEY | $852K | $3.45 | +$2K | +$292K | -0.3% | $1.65T |
| HighTower Advisors, LLC | $439K | $5.29 | +$0 | +$0 | -0.2% | $93.93B |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $274K | $4.92 | +$5K | +$8K | +2.3% | $1.61T |
| WELLS FARGO & COMPANY/MN | $151K | $3.48 | +$0 | +$151K | -0.2% | $497.71B |
| VANGUARD FIDUCIARY TRUST COPassive | $122K | $2.81 | +$122K | +$122K | — | $395.83B |
| STATE STREET CORPPassive | $114K | $3.66 | +$0 | +$0 | -0.2% | $2.89T |
| NORTHERN TRUST CORPPassive | $73K | $4.02 | +$0 | +$44K | -0.2% | $755.34B |
| BlackRock, Inc.Passive | $53K | $3.40 | +$4K | +$53K | -0.2% | $5.69T |
| MARATHON CAPITAL MANAGEMENT | $43K | $1.38 | +$0 | +$0 | -2.4% | $445M |
| Tower Research Capital LLC (TRC)MM | $6K | $2.42 | +$0 | +$3K | -0.6% | $3.84B |
| FINANCIAL CONSULATE, INC | $4K | $3.48 | −$4K | +$4K | +2.5% | $797M |
| UBS Group AG | $0 | $3.18 | −$0 | −$93K | -0.3% | $562.11B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)BEARISH
Holders
-3.60%
avg per quarter
Holders (ex-self)
-3.48%
excl. this stock
Buyers (this Q)
+0.00%
4 buyers · $0.00B in
Sellers (this Q)
+1.96%
2 sellers · $0.00B out
alpha coverage: 90% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
+3.2%
how holders react when this stock falls
On quiet Qs
+1.5%
−10% to +10% baseline
On rallies (+10%+)
+25.9%
how they react when this stock rises
Holders' portfolio flow this Q
+14.1%
inflows — adds are organic
Sellers' portfolio flow this Q
+14.8%
Sellers grew AUM elsewhere — opinionated cut of this stock.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
+5.2%
Holder mid (any stock)
-2.8%
Holder rally (any stock)
-1.8%
Biggest decreases this quarter
New buyers this quarter
Top-5 holders · 92.4%
Ibex Investors LLC--
Bleichroeder LP--
VANGUARD CAPITAL MANAGEMENT LLC--
MORGAN STANLEY--
HighTower Advisors, LLC--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
Ibex Investors LLC1.4MBleichroeder LP1.4MMORGAN STANLEY303KHighTower Advisors, LLC156KShay Capital LLC—WELLS FARGO & COMPANY/MN54KUBS Group AG200Mesirow Financial Investment Management, Inc.—MARATHON CAPITAL MANAGEMENT15KMERCER GLOBAL ADVISORS INC /ADV—
Analyst Coverage
Analyst Coverage
Analyst Ratings
2
Buy: 2Consensus: Buy
Corporate
Order Flow (FINRA, ~3w lag)
44.8%retail+1.4pp
1.1%dark-1.4pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.