10-Q · May 14, 2026
BranchOut Food Inc. reported revenues of $2.6 million and EPS of -0.16 for Q1 2026, a decrease from the prior year. The company continues to experience negative operating margins exacerbated by planned maintenance and…
Earnings analysis · 10-Q
BOF earnings analysis
Filed August 13, 2026 · Our reading of the company's report
The latest report
The provided 10-Q excerpt does not include current-period income statement, balance-sheet, cash-flow, or segment financial data, so revenue, margin, EPS, and free-cash-flow trends cannot be assessed from the filing text…
Read full summary
The provided 10-Q excerpt does not include current-period income statement, balance-sheet, cash-flow, or segment financial data, so revenue, margin, EPS, and free-cash-flow trends cannot be assessed from the filing text supplied. The principal disclosed negatives are persistent material weaknesses, with controls still ineffective as of June 30, 2026, and a $4,000,000 senior secured note. The filing provides no quantitative guidance; Item 1A risk-factor disclosure is not required because the company qualifies as a smaller reporting company.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
What stood out
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$4.0 million secured note amended
The company entered into a Third Amended and Restated Senior Secured Promissory Note with principal of $4,000,000 dated June 30, 2026, indicating continued access to secured financing.
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Controls remain ineffective
Management evaluated disclosure controls as of June 30, 2026 and concluded that controls were not effective because previously identified material weaknesses remained outstanding.
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No material control changes reported
During the three months ended June 30, 2026, the company reported no changes in internal control over financial reporting that materially affected, or were reasonably likely to materially affect, those controls.
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Former CFO litigation settlement
The former CFO lawsuit, filed June 25, 2025, is subject to a settlement agreement involving cash payment and warrant issuance; the matter will be fully resolved upon payment under the agreement.
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No other pending legal matters
The filing states that, other than the former CFO matter, there are no legal matters pending against the company.
What to watch
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Persistent material weaknesses
Management concluded disclosure controls were ineffective as of June 30, 2026, and the material weaknesses previously disclosed in the 2025 Form 10-K remained outstanding.
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Secured financing and liquidity risk
The company has $4,000,000 of principal outstanding under a senior secured promissory note dated June 30, 2026, creating secured-debt and liquidity obligations.
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Settlement payment obligation
The former CFO legal proceeding remains conditional on payment of the settlement agreement; the filing does not state the settlement amount or payment date.
Management's outlook
The provided 10-Q text contains no quantitative revenue or EPS outlook. Item 3 states the company is a smaller reporting company, and no numeric guidance is disclosed.
Earlier filings 4
10-K · March 31, 2026
BranchOut Food is a manufacturing-led, growth-stage CPG company that produces clean-label, plant-based dehydrated fruit & vegetable snacks using an exclusive GentleDry™ process (licensed technology protected by more…
10-Q · November 12, 2025
BranchOut reported Q3 revenue of $3,220,027 (up $1,038,532, +47.6% vs Q3 2024) with gross profit of $569,550 (gross margin ~17.7%). Despite revenue and gross-margin improvement, operating loss widened to $1,427,504…
10-Q · May 15, 2025
BranchOut reported Q1 net revenue of $3,193,522, up from $1,467,016 in Q1 2024, with gross profit rising to $552,515. Losses narrowed: operating loss improved to $(682,540) from $(1,025,100) and net loss was $(918,382)…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.