Blue Star Foods Corp
bluestarfoods.comWhat Do They Do?
Imports, packages and sells crab meat and other seafood products to food service distributors, wholesalers, retailers and seafood distributors; also raises steelhead salmon for Canadian distributors.
10-K for FY2025, filed May 22, 2026We are an international seafood company based in Miami, Florida that imports, packages and sells refrigerated pasteurized crab meat, and…View ↗
Weekly harvests of approximately two tons of salmon are stunned and bled at the farm and then processed as fresh iced head on gutted…View ↗
The Company’s products are sold in the United States and Canada. Our principal source of revenue is importing blue and red swimming crab…View ↗
The Company has a sales team based throughout the United States who sell directly to customers, most of whom are in the food service and…View ↗
How Do They Make Money?
Customers buy seafood products through purchase orders. The company is paid when the goods are shipped or delivered to the customer.
10-K for FY2025, filed May 22, 2026To determine revenue recognition for the arrangements that the Company determines are within the scope of Topic 606, the Company performs…View ↗
$2.9M
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10-K for FY2025, filed May 22, 2026
$2.9M ↗
Who Are Their Customers?
It sells primarily to food service distributors, as well as wholesalers, retail establishments and seafood distributors. Its sales team sells directly to customers and works with regional and national brokers; retail customers may buy directly or through distributors.
10-K for FY2025, filed May 22, 2026The Company has a sales team based throughout the United States who sell directly to customers, most of whom are in the food service and…View ↗
Our customer base is comprised of some of the largest companies in the food service and retail industry throughout the United States. We…View ↗
The Company recognizes revenue in accordance with Accounting Standards Codification (ASC) 606, Revenue from Contracts with Customers, as…View ↗
10-K for FY2025, filed May 22, 2026
Do Revenues Turn Into Profits?
No. It lost $3.6M in FY2025.
10-K for FY2025, filed May 22, 2026
−$2.3MView ↗
10-K for FY2025, filed May 22, 2026
−$3.6MView ↗
10-K for FY2025, filed May 22, 2026
−$684.5KView ↗
How Are They Changing?
Shrinking. Revenue fell 71% in 4 years, from $10M in FY2021 to $2.9M in FY2025, about 27% a year.
Who Do They Compete With?
Competes with Tri Union Frozen Products, Phillips Foods, Harbor Seafood, Newport International, Twin Tails Seafood, Atlantic Sapphire, Aquaco, Nordic Aquafarms, Whole Oceans, Kuterra, and Pure Salmon
10-K for FY2025, filed May 22, 2026The Company’s primary competitors in its traditional sustainable seafood business are Tri Union Frozen Products, Inc. (Chicken of the Sea…View ↗
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