Borealis Foods Inc. (BRLS)

Name: Borealis Foods Inc. (BRLS) annual fundamentals
Creator: TickerFacts
License: https://creativecommons.org/publicdomain/zero/1.0/

Also trades as BRLSW. Every security a company lists rests on one set of financial statements, so these figures cover the whole company.

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CIK 0001852973 · Nasdaq · Food and Kindred Products

Sector Manufacturing
Fiscal year ends Dec 31

For the year ended 2025-12-31, Borealis Foods Inc. reported revenue of $30.08M. Revenue grew 8.7% from the prior annual period. Over the twelve months to 2026-03-31, revenue was $30.60M.

Key ratios (year ended 2025-12-31)

11.7%

Gross margin

-36.7%

Operating margin

-63.1%

Net margin

8.7%

Revenue growth (YoY)

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Latest selected filing: Form 10-K/A (annual report) · 2026-09-30

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-03-31 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Period ended	TTM to 2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	$30.60M	$30.08M	$27.67M	n/a	n/a	n/a
Cost of Revenue	$27.15M	$26.57M	$25.48M	$31.29M	n/a	n/a
Gross Profit	$3.45M	$3.51M	$2.19M	-$1.30M	$175.95M	$172.50M
R&D Expense	$200.0K	$202.0K	$197.0K	$460.0K	n/a	n/a
Operating Income	-$10.18M	-$11.04M	-$20.40M	-$19.95M	-$2.89M	n/a
Depreciation & Amortization	n/a	$1.84M	$2.32M	$3.94M	n/a	n/a
EBITDA	n/a	-$9.19M	-$18.08M	-$16.01M	n/a	n/a
Net Income	-$18.30M	-$18.98M	-$25.33M	-$27.48M	-$302.5K	n/a
EPS (Diluted)	n/a	-$0.89	-$1.25	-$2.56	n/a	n/a
Total Assets	$50.95M	$52.57M	$60.01M	$65.79M	$179.45M	$177.49M
Total Liabilities	$73.65M	$71.80M	$60.70M	$87.13M	n/a	n/a
Shareholders' Equity	-$22.70M	-$19.23M	-$695.9K	-$21.35M	-$1.58M	$1.30M
Cash & Equivalents	$500.0K	$64.0K	n/a	n/a	$680.8K	$1.12M
Operating Cash Flow	-$5.35M	-$6.60M	-$15.09M	-$18.01M	-$2.11M	n/a
Capital Expenditures	n/a	n/a	$1.65M	$4.47M	n/a	n/a
Free Cash Flow	n/a	n/a	-$16.74M	-$22.47M	n/a	n/a
Share Repurchases	n/a	n/a	n/a	$159.45M	n/a	n/a
Shares Outstanding	n/a	n/a	21.38M	n/a	n/a	n/a
Weighted Average Diluted Shares	n/a	21.43M	20.31M	10.75M	n/a	n/a
EPS (Basic)	n/a	-$0.89	-$1.25	-$2.56	n/a	n/a

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