Stryve Foods Inc Financials
This page shows Stryve Foods Inc (SNAX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2023 annual data. Scores normalized against common benchmarks. How we calculate these scores
Stryve Foods Inc has an operating margin of -87.1%, meaning the company retains $-87 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -107.4% the prior year.
Stryve Foods Inc's revenue declined 40.9% year-over-year, from $29.9M to $17.7M. This contraction results in a growth score of 0/100.
Stryve Foods Inc has a moderate D/E ratio of 2.18. This balance of debt and equity financing earns a leverage score of 57/100.
Stryve Foods Inc's current ratio of 0.53 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 5/100, which could limit financial flexibility.
Stryve Foods Inc generates a -1196.4% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -201.6% the prior year.
Stryve Foods Inc passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Stryve Foods Inc generates $0.39 in operating cash flow (-$7.4M OCF vs -$19.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Stryve Foods Inc earns $-4.2 in operating income for every $1 of interest expense (-$15.4M vs $3.6M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Stryve Foods Inc generated $17.7M in revenue in fiscal year 2023. This represents a decrease of 40.9% from the prior year.
Stryve Foods Inc's EBITDA was -$13.2M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 56.3% from the prior year.
Stryve Foods Inc reported -$19.0M in net income in fiscal year 2023. This represents an increase of 42.5% from the prior year.
Stryve Foods Inc earned $-8.59 per diluted share (EPS) in fiscal year 2023. This represents an increase of 46.9% from the prior year.
Cash & Balance Sheet
Stryve Foods Inc held $369K in cash against $3.5M in long-term debt as of fiscal year 2023.
Margins & Returns
Stryve Foods Inc's gross margin was 13.7% in fiscal year 2023, indicating the percentage of revenue retained after direct costs. This is up 16.1 percentage points from the prior year.
Stryve Foods Inc's operating margin was -87.1% in fiscal year 2023, reflecting core business profitability. This is up 20.3 percentage points from the prior year.
Stryve Foods Inc's net profit margin was -107.5% in fiscal year 2023, showing the share of revenue converted to profit. This is up 3.2 percentage points from the prior year.
Stryve Foods Inc's ROE was -1196.4% in fiscal year 2023, measuring profit generated per dollar of shareholder equity. This is down 994.8 percentage points from the prior year.
Capital Allocation
SNAX Income Statement
| Metric | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.7M-7.7% | $6.2M+34.4% | $4.6M+59.2% | $2.9M-30.9% | $4.2M-30.3% | $6.0M+29.1% | $4.6M-14.1% | $5.4M |
| Cost of Revenue | $4.5M-0.4% | $4.5M+25.2% | $3.6M+18.4% | $3.0M-16.6% | $3.6M-26.7% | $4.9M+34.3% | $3.7M-12.4% | $4.2M |
| Gross Profit | $1.2M-27.1% | $1.7M+66.6% | $1.0M+843.0% | -$137K-124.6% | $556K-47.1% | $1.1M+9.1% | $963K-20.1% | $1.2M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | -$2.3M-3.3% | -$2.2M+25.6% | -$3.0M+27.8% | -$4.2M-13.9% | -$3.7M-8.3% | -$3.4M+20.3% | -$4.2M+1.2% | -$4.3M |
| Interest Expense | $805K+10.6% | $728K+24.9% | $583K-49.2% | $1.1M+2.4% | $1.1M+16.3% | $964K+141.6% | $399K+18.4% | $337K |
| Income Tax | $0-100.0% | $900-90.0% | $9K+180.6% | $3K-56.0% | $7K+156.6% | -$13K-485.9% | $3K+103.0% | -$111K |
| Net Income | -$3.1M-5.0% | -$3.0M+24.6% | -$3.9M+26.0% | -$5.3M-11.1% | -$4.8M-10.9% | -$4.3M+7.2% | -$4.6M-3.1% | -$4.5M |
| EPS (Diluted) | $-0.95-4.4% | $-0.91+35.9% | $-1.42 | N/A | $-2.14-4.4% | $-2.05+8.1% | $-2.23 | N/A |
SNAX Balance Sheet
| Metric | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $31.5M-1.4% | $31.9M-0.1% | $31.9M-2.4% | $32.7M-7.6% | $35.4M-7.1% | $38.1M-2.6% | $39.1M-1.1% | $39.6M |
| Current Assets | $8.7M+1.2% | $8.6M+5.4% | $8.2M-2.7% | $8.4M-20.6% | $10.6M-16.9% | $12.7M-2.8% | $13.1M+1.3% | $12.9M |
| Cash & Equivalents | $183K-59.0% | $447K+59.7% | $280K-24.1% | $369K+63.0% | $226K-29.3% | $320K-15.0% | $377K-39.5% | $623K |
| Inventory | $4.9M+1.6% | $4.8M-4.4% | $5.0M-3.4% | $5.2M-17.1% | $6.3M-24.9% | $8.4M+1.2% | $8.3M-0.1% | $8.3M |
| Accounts Receivable | $2.9M-3.3% | $3.0M+27.3% | $2.3M+10.9% | $2.1M-31.3% | $3.0M+2.5% | $3.0M-0.2% | $3.0M+19.7% | $2.5M |
| Goodwill | $8.4M0.0% | $8.4M0.0% | $8.4M0.0% | $8.4M0.0% | $8.4M0.0% | $8.4M0.0% | $8.4M0.0% | $8.4M |
| Total Liabilities | $37.8M+7.0% | $35.4M+8.1% | $32.7M+5.1% | $31.1M+4.9% | $29.7M+3.2% | $28.8M+5.2% | $27.3M+18.2% | $23.1M |
| Current Liabilities | $23.0M+13.3% | $20.3M+15.8% | $17.5M+11.1% | $15.8M+14.2% | $13.8M+26.5% | $10.9M+18.1% | $9.2M+30.6% | $7.1M |
| Long-Term Debt | $3.2M-2.9% | $3.3M-2.6% | $3.4M-1.6% | $3.5M-1.2% | $3.5M-37.2% | $5.6M-0.6% | $5.6M+52.5% | $3.7M |
| Total Equity | -$6.4M-84.4% | -$3.5M-347.0% | -$774K-148.6% | $1.6M-72.2% | $5.7M-38.7% | $9.4M-20.6% | $11.8M-28.2% | $16.4M |
| Retained Earnings | -$146.3M-2.2% | -$143.2M-2.1% | -$140.2M-2.9% | -$136.3M-4.1% | -$131.0M-3.8% | -$126.2M-3.5% | -$121.9M-4.0% | -$117.3M |
SNAX Cash Flow Statement
| Metric | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.4M+51.0% | -$2.9M-269.0% | -$790K+23.2% | -$1.0M+13.1% | -$1.2M+54.2% | -$2.6M+1.6% | -$2.6M+15.7% | -$3.1M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$13K | N/A | N/A | $51K+167.3% | -$75K-384.4% | -$16K+68.1% | -$49K+96.4% | -$1.4M |
| Financing Cash Flow | $1.2M-62.0% | $3.1M+341.6% | $701K-37.5% | $1.1M-3.8% | $1.2M-54.2% | $2.5M+4.8% | $2.4M+229.2% | $738K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
SNAX Financial Ratios
| Metric | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 21.7%-5.7pp | 27.4%+5.3pp | 22.1%+26.8pp | -4.7%-18.0pp | 13.3%-4.2pp | 17.5%-3.2pp | 20.7%-1.6pp | 22.3% |
| Operating Margin | -40.4%-4.3pp | -36.1%+29.2pp | -65.3%+78.8pp | -144.1%-56.7pp | -87.4%-31.1pp | -56.3%+34.8pp | -91.1%-11.9pp | -79.3% |
| Net Margin | -54.5%-6.6pp | -47.9%+37.5pp | -85.4%+98.5pp | -183.9%-69.6pp | -114.3%-42.5pp | -71.9%+28.1pp | -99.9%-16.6pp | -83.3% |
| Return on Equity | N/A | N/A | N/A | -333.7%-250.3pp | -83.3%-37.3pp | -46.0%-6.7pp | -39.4%-11.9pp | -27.4% |
| Return on Assets | -9.9%-0.6pp | -9.3%+3.0pp | -12.3%+3.9pp | -16.2%-2.7pp | -13.5%-2.2pp | -11.3%+0.6pp | -11.9%-0.5pp | -11.4% |
| Current Ratio | 0.38-0.0 | 0.42-0.0 | 0.47-0.1 | 0.53-0.2 | 0.76-0.4 | 1.16-0.3 | 1.41-0.4 | 1.82 |
| Debt-to-Equity | -0.51+0.5 | -0.96+3.5 | -4.42-6.6 | 2.18+1.6 | 0.61+0.0 | 0.60+0.1 | 0.48+0.3 | 0.22 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: The current ratio is below 1.0 (0.53), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Stryve Foods Inc's annual revenue?
Stryve Foods Inc (SNAX) reported $17.7M in total revenue for fiscal year 2023. This represents a -40.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Stryve Foods Inc's revenue growing?
Stryve Foods Inc (SNAX) revenue declined by 40.9% year-over-year, from $29.9M to $17.7M in fiscal year 2023.
Is Stryve Foods Inc profitable?
No, Stryve Foods Inc (SNAX) reported a net income of -$19.0M in fiscal year 2023, with a net profit margin of -107.5%.
What is Stryve Foods Inc's EBITDA?
Stryve Foods Inc (SNAX) had EBITDA of -$13.2M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Stryve Foods Inc have?
As of fiscal year 2023, Stryve Foods Inc (SNAX) had $369K in cash and equivalents against $3.5M in long-term debt.
What is Stryve Foods Inc's gross margin?
Stryve Foods Inc (SNAX) had a gross margin of 13.7% in fiscal year 2023, indicating the percentage of revenue retained after direct costs of goods sold.
What is Stryve Foods Inc's operating margin?
Stryve Foods Inc (SNAX) had an operating margin of -87.1% in fiscal year 2023, reflecting the profitability of core business operations before interest and taxes.
What is Stryve Foods Inc's net profit margin?
Stryve Foods Inc (SNAX) had a net profit margin of -107.5% in fiscal year 2023, representing the share of revenue converted into profit after all expenses.
What is Stryve Foods Inc's return on equity (ROE)?
Stryve Foods Inc (SNAX) has a return on equity of -1196.4% for fiscal year 2023, measuring how efficiently the company generates profit from shareholder equity.
What is Stryve Foods Inc's operating cash flow?
Stryve Foods Inc (SNAX) generated -$7.4M in operating cash flow during fiscal year 2023, representing cash generated from core business activities.
What are Stryve Foods Inc's total assets?
Stryve Foods Inc (SNAX) had $32.7M in total assets as of fiscal year 2023, including both current and long-term assets.
What is Stryve Foods Inc's current ratio?
Stryve Foods Inc (SNAX) had a current ratio of 0.53 as of fiscal year 2023, which is below 1.0, which may suggest potential liquidity concerns.
What is Stryve Foods Inc's debt-to-equity ratio?
Stryve Foods Inc (SNAX) had a debt-to-equity ratio of 2.18 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Stryve Foods Inc's return on assets (ROA)?
Stryve Foods Inc (SNAX) had a return on assets of -58.2% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.
What is Stryve Foods Inc's cash runway?
Based on fiscal year 2023 data, Stryve Foods Inc (SNAX) had $369K in cash against an annual operating cash burn of $7.4M. This gives an estimated cash runway of approximately 1 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Stryve Foods Inc's Piotroski F-Score?
Stryve Foods Inc (SNAX) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Stryve Foods Inc's earnings high quality?
Stryve Foods Inc (SNAX) has an earnings quality ratio of 0.39x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Stryve Foods Inc cover its interest payments?
Stryve Foods Inc (SNAX) has an interest coverage ratio of -4.2x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Stryve Foods Inc?
Stryve Foods Inc (SNAX) scores 12 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.