Borealis Foods Inc.
BRLS Nasdaq· Food And Kindred Products
Last close · Oct 26, 2026
$1.13
KIRA · Stoqly’s AI analyst, in plain words
- Borealis Foods Inc. had $31.5M of revenue in fiscal 2025, up 8.2% on the year before.
- Its operating margin was −35.1%, up 35.1 pts: of every 100 in sales, about −35 is left after running the business.
- Borealis Foods Inc. lost $19.0M in fiscal 2025.
Market cap
$24.2M
P/E
—
Revenue
$31.5M
Net income
−$19.0M
Free cash flow
—
Operating margin
−35.1%
Borealis Foods Inc. in 30 seconds · fiscal 2025
Are sales growing?
+8.2%
Yes. Sales grew 8.2% last year.
Does it make a profit?
−60.3%
No. It lost money last year.
How healthy are the accounts?
4 / 8
Mixed. It passes 4 of 8 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What Borealis Foods Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Jun 2, 2026
- Legal name
- Borealis Foods Inc.
- CIK
- 0001852973
Borealis Foods Inc. · BRLS
Results and finances
The last 4 fiscal years. Amounts in USD.
| Fiscal year | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Sales and profit | ||||
| Revenue | — | $30.0M | $29.1M | $31.5M |
| Revenue growth | — | — | −3.0% | 8.2% |
| Gross margin | — | −4.3% | 7.5% | 11.2% |
| Operating margin | — | −66.5% | −70.1% | −35.1% |
| Net income | −$0.3M | −$27.5M | −$25.3M | −$19.0M |
| Net margin | — | −91.6% | −87.0% | −60.3% |
| Diluted EPS | — | −$2.56 | −$1.25 | −$0.89 |
| Cash | ||||
| Cash from operations | −$2.1M | −$18.0M | −$15.1M | −$6.6M |
| Capital expenditure | — | $4.5M | $1.7M | — |
| Free cash flow | — | −$22.5M | −$16.7M | — |
| FCF margin | — | −74.9% | −57.5% | — |
| Share buybacks | — | $159M | — | — |
| Share count change | — | — | 88.9% | 5.5% |
| Debt and strength | ||||
| Cash and short-term investments | $0.7M | $7.6M | $0.7M | $0.1M |
| Deposits | — | $21.9M | — | — |
| Shareholders' equity | $4.6M | −$21.3M | −$0.7M | −$19.2M |
| Current ratio | 0.4x | 0.3x | 0.5x | 0.1x |
| Interest coverage | — | −2.7x | −4.0x | −1.8x |
| Returns and quality | ||||
| Return on equity | −6.5% | — | — | — |
| Return on tangible equity | −6.5% | — | — | — |
| Piotroski F-score | — | — | 4 | 4 |
| Altman Z'' | −0.2 | −10.5 | −8.7 | −16.2 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Borealis Foods Inc. · BRLS
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $1.13 a share, the company is worth $24.2M.
Source: SEC EDGAR XBRL filings (CIK 0001852973). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.