Barfresh Food 2025 Q2 Earnings Sustained Losses Despite Revenue Growth

Barfresh Food (BRFH) reported its fiscal 2025 Q2 earnings on August 13, 2025. The company posted improved financial figures with a 11.0% year-over-year revenue increase, yet it continued to report net losses, slightly narrowing them compared to the prior year, and did not raise full-year guidance.

Barfresh Food’s total revenue increased by 11.0% year-over-year to $1.63 million in 2025 Q2, up from $1.46 million in 2024 Q2. This marks the first notable improvement in the company’s topline performance after a string of challenging quarters.

The company reported a narrowed loss of $0.06 per share in 2025 Q2, an improvement from the $0.07 per share loss in 2024 Q2, representing a 14.3% reduction. Barfresh also reduced its net loss to $-880,000 in 2025 Q2 from $-1.01 million in 2024 Q2, a 13.0% decline. Despite this progress, the company remains unprofitable, having reported losses in the corresponding fiscal quarter for the past six years.

Barfresh Food’s stock price experienced mixed short-term performance, declining 3.36% during the latest trading day but showing a 5.54% weekly gain and a 1.67% rise month-to-date. The post-earnings trading strategy of buying shares after a revenue growth quarter and holding for 30 days underperformed the market, with a compound annual growth rate (CAGR) of 3.13%, 36.98% lower than the benchmark. While the strategy exhibited minimal risk, as evidenced by a maximum drawdown of 0.00% and a Sharpe ratio of 0.02, it failed to capitalize on broader market momentum.

Riccardo Delle Coste, CEO of Barfresh Food, emphasized the company’s 11% year-over-year revenue growth in Q2 2025 and highlighted the positive impact of resolving prior inefficiencies with a new co-manufacturer, which completed equipment installation by the end of the quarter. The company expects increased supply to begin in Q3. Despite ongoing operational challenges, Delle Coste reiterated the company’s guidance for double-digit year-over-year revenue growth for the full year of 2025. Strategic priorities include building consistent production capabilities, improving margins, and strengthening the company’s market position through targeted investments.

Barfresh Food maintains its guidance for double-digit year-over-year revenue growth for the full year of 2025. The company anticipates improved revenue and gross margin performance in the second half of 2025 compared to the first half, driven by the resolution of prior margin headwinds and expanded production capacity. The leadership remains cautiously optimistic, believing the company will be better positioned to serve market opportunities as operational progress continues. However, no specific revenue or margin targets are provided beyond the general expectation of growth.

Additional News
Nigeria’s political and business landscapes saw significant activity during the three-week period surrounding Barfresh’s earnings report. The ruling All Progressives Congress (APC) and opposition parties remained active in preparations for upcoming by-elections, while economic and regulatory developments continued to shape the business environment.

The Labour Party (LP) in Oyo State expressed frustration over the Independent National Electoral Commission’s (INEC) failure to list its candidate on the voting roll for a by-election. The party urged INEC to ensure its inclusion, emphasizing the need for equitable representation in the democratic process. Meanwhile, the APC received support from state governors, including the Jigawa State Governor, who presented a flag to the party’s candidate ahead of the by-elections.

In business, Dangote Refinery faced mounting pressure over fuel distribution controversies, leading to the reinstatement of certain marketers. The move was seen as a strategic response to public and political criticism, with the company aiming to stabilize supply chains ahead of the peak demand season.

Additionally, Nigeria’s fuel pricing debate resurfaced as the federal government ordered the Federal Inland Revenue Service (FIRS) and the Nigeria Customs Service to review revenue deductions. This directive came amid calls from industry stakeholders for a more transparent and fair pricing mechanism to reduce the country’s reliance on fuel subsidies.

The period also saw increased attention on Nigeria’s aviation sector, where there was growing concern over the implications of political interference and inconsistent regulatory frameworks. Reports highlighted the need for structural reforms to improve safety and operational efficiency in an industry facing mounting scrutiny.