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8-K ·Filed Aug 14, 2026

BRFH

BARFRESH FOOD GROUP INC.
BEARISH
Impact 6/10
Horizonweeks Processed2mo ago SEC0001493152-26-038380
8-K Item 2.02: Earnings release
Actionable Insight ▼ Bearish

The guidance cut and worsening margin profile signal that the Arps Dairy integration is taking longer and costing more than expected. Monitor Q3 2026 results for sequential revenue improvement and progress toward the new Defiance, Ohio facility — any further delays or margin deterioration would be incrementally bearish. The $7.5M convertible note and $2.4M grant provide some liquidity cushion, but cash burn remains a risk.

DirectionBearish
Confidencehigh
Horizonweeks
Latest settled — T+20d ⚠ clustered
BRFH ▼ -11.28% at T+20d
SHORT call ✓ call won +11.28% · α vs SPY +9.30% · entry $1.33 → $1.18
Next anchor: T+60d in 14d
Latest observation: T+48 +46.53% FF3 residual α
Entry = T+0 close
Aug 14, 2026
via day close
T+1d
-2.26%
call +2.26% · α +1.58%
$1.30
settled 2mo ago
T+5d
-3.01%
call +3.01% · α +1.82%
$1.29
settled 2mo ago
T+20d
-11.28%
call +11.28% · α +9.30%
$1.18
settled 6w ago
T+60d
Pending
in 14d

Price Chart

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Executive Summary

Barfresh Food Group reported Q2 2026 revenue of $4.7M (+190% YoY, driven by the Arps Dairy acquisition), but gross margin swung to a loss of -3.2% from +31.1% a year ago due to startup inefficiencies. Net loss widened to $1.9M from $880K, and the company revised full-year 2026 guidance lower to $23M-$26M revenue (from prior expectations) and Adjusted EBITDA of -$1.0M to -$2.0M, citing slower-than-anticipated production ramp at its existing facility. The combination of a deteriorating margin profile, widening losses, and a guidance cut makes this a bearish report despite the headline revenue growth from the acquisition.

Key Financial Metrics

EPS
−$0.04
est −$0.05 · +20.0%
Revenue
$4.7M
est $5.4M · -13.0% · +190.0% YoY
Rating
miss
Guidance
$23M-$26M
lowered
Gross Margin
-3.2%

Key Facts

  • Q2 2026 revenue $4.7M, +190% YoY from $1.6M, driven by Arps Dairy acquisition
  • Gross loss of $150K (-3.2% of revenue) vs gross profit of $506K (31.1%) in Q2 2025
  • Net loss widened to $1.9M from $880K in Q2 2025
  • Adjusted EBITDA loss of $1.2M vs loss of $600K in Q2 2025
  • Full-year 2026 guidance revised: revenue $23M-$26M (62%-83% YoY growth), Adjusted EBITDA -$1.0M to -$2.0M
  • Company expects Adjusted EBITDA breakeven in second half of 2026
  • Cash and receivables $1.4M, inventory $2.2M as of June 30, 2026
  • Secured $7.5M senior convertible note in March 2026; approved for $2.4M government grant

Financial Impact

Revenue $4.7M (+190% YoY), gross margin swung from +31.1% to -3.2%, net loss $1.9M vs $880K, guidance cut to $23M-$26M revenue and -$1.0M to -$2.0M Adjusted EBITDA for FY2026

revenuegross marginnet lossadjusted EBITDAguidance

Risk Factors

  • Further delays in production ramp at existing Arps Dairy facility
  • Construction delays or cost overruns on new Defiance, Ohio facility
  • Continued cash burn with only $1.4M in cash and receivables
  • Inability to achieve Adjusted EBITDA breakeven in H2 2026 as guided
  • Dilution risk from $7.5M convertible note

Market Snapshot

Exchange
Nasdaq
Sector
Canned, Frozen & Preservd Fruit, Veg & Food Specialties
Analyst Consensus
88% bullish (8 analysts)

Investment Themes

Consumer & Retail

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001493152-26-038380
Exhibit: ex99-1.htm0001493152-26-038380
Document: 0001493152-26-038380-index-headers.html0001493152-26-038380
Document: 0001493152-26-038380-index.html0001493152-26-038380
Document: 0001493152-26-038380.txt0001493152-26-038380
8-K Data (Synthetic)0001493152-26-038380
9 reports for BRFH
Performance horizon

Track record builds as more directional reports settle.

Filters
Rows
Reports for BRFH — sortable, filterable
TypeNow
Aug 24, 2026
9w ago
Press Release
BULLISH ★ 5/10
$1.29 $1.10▼ −14.73%▼ −16.04%$0.6040 (−53.18%)
Aug 14, 2026
10w ago
8-K
BEARISH ★ 6/10
$1.33 $1.18▲ +11.28%▲ +9.30%$0.6040 (+54.59%)
Aug 14, 2026
10w ago
Press Release
BEARISH ★ 7/10
$1.33 $1.18▲ +11.28%▲ +9.30%$0.6040 (+54.59%)
Apr 30, 2026
25w ago
Press Release
NEUTRAL ★ 1/10
$2.53 $2.34▼ −7.51%▼ −12.48%$0.6040 (−76.13%)
Apr 27, 2026
26w ago
EFFECT
NEUTRAL ★ 5/10
$2.50 $2.35▼ −6.00%▼ −10.96%$0.6040 (−75.84%)
Apr 15, 2026
27w ago
S-1
NEUTRAL ★ 5/10
$2.74 $2.31▼ −15.69%▼ −21.51%$0.6040 (−77.96%)
Apr 6, 2026
29w ago
8-K
NEUTRAL ★ 3/10
$2.86 $2.52▼ −11.89%▼ −20.87%$0.6040 (−78.88%)
Mar 31, 2026
29w ago
8-K
MIXED ★ 6/10
$2.85 $2.65▼ −7.02%▼ −16.74%$0.6040 (−78.81%)
Mar 17, 2026
31w ago
Press Release
NEUTRAL ★ 3/10
$2.61 $2.93▲ +12.26%▲ +7.96%$0.6040 (−76.86%)
Showing 9 of 9

US Market Status

Market Closed — Opens Tue (17h 29m)

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Report published Aug 14, 2026