NASDAQ:BRLS
Borealis Foods Inc.
Borealis Foods Inc.'s revenue grew 8.2% in fiscal 2025 to $31.5M while operating margin rose to −35.1%, its highest in 3 years. The diluted share count rose 5.5%.Summary generated from Borealis Foods Inc.'s SEC filings. Latest annual report filed Sep 30, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$31.5M
Revenue growth+8.2%
Revenue, 5-yr CAGRn/a
Gross margin11.2%
Operating margin−35.1%
Net margin−60.3%
ROICn/a
Return on equityn/a
Debt / equityn/a
Free cash flown/a
FCF marginn/a
Share count change+5.5%
Financials
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | n/a | 30 | 29 | 31 |
| Operating income | −3 | −20 | −20 | −11 |
| Net income | −0 | −27 | −25 | −19 |
| Free cash flow | n/a | −22 | −17 | n/a |
Recent filings
- 10-K/AAmended annual report for the fiscal year ended Dec 31, 2025
Sep 30, 2026 - 8-KNotice of delisting or listing-rule failure
Sep 1, 2026 - 8-KResults of operations and financial condition
Aug 26, 2026 - 10-K/AAmended annual report for the fiscal year ended Dec 31, 2025
Jul 29, 2026 - 8-KNotice of delisting or listing-rule failure
Jul 8, 2026 - 10-QQuarterly report for the period ended Mar 31, 2026
Jun 30, 2026 - 8-KResults of a shareholder vote
Jun 30, 2026 - 8-KEntry into a material agreement
Jun 4, 2026