Borealis Foods Inc. BRLS
Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Management's Discussion and Analysis of Financial Condition and Results of Operations
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- Southeast
- Midwest
- Southwest
- Northeast
- Mountain
- Pacific
- International
| Region | FY2025 | FY2024 |
|---|---|---|
| Southeast | $10.7M | $11.9M |
| Midwest | $9.4M | $4.3M |
| Southwest | $3.4M | $2.7M |
| Northeast | $2.4M | $1.5M |
| Mountain | $2.2M | $1.4M |
| Pacific | $1.8M | $5.1M |
| International | $1.5M | $2.1M |
As the company reported it, from the “Segment Reporting - Schedule of Gross Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $31.5M | $29.1M | $31.4M | — | — |
| Cost of revenue | $26.6M | $25.5M | $31.3M | — | — |
| Gross profit | $3.5M | $2.2M | -$1.3M | $175.9M | $172.5M |
| R&D | $202.0K | $197.0K | $460.0K | — | — |
| SG&A | $14.5M | $22.6M | $18.6M | — | — |
| Operating income | -$11.0M | -$20.4M | -$19.9M | -$2.9M | -$428.4K |
| Interest expense | $6.0M | $5.1M | $7.3M | — | — |
| Pre-tax income | -$19.0M | -$25.5M | -$27.1M | — | — |
| Income tax | $66.7K | $134.9K | $336.0K | — | — |
| Net income | -$19.0M | -$25.3M | -$27.5M | -$302.5K | -$407.6K |
| EPS, basic | -0.89 | -1.25 | -2.56 | — | — |
| EPS, diluted | -0.89 | -1.25 | -2.56 | — | — |
| Shares, diluted (wtd. avg.) | 21.4M | 20.3M | 10.8M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Cash and equivalents | $64.0K | $653.0K | $7.6M | $5.1M | $1.1M |
| Receivables | $2.6M | $2.0M | $1.8M | — | — |
| Inventory | $4.6M | $8.0M | $6.9M | — | — |
| Total current assets | $8.1M | $11.8M | $17.2M | $916.8K | $1.4M |
| Property, plant and equipment | $43.9M | $45.7M | — | — | — |
| Goodwill | — | $1.9M | $1.9M | — | — |
| Other intangibles | $298.0K | $319.3K | $0 | — | — |
| Total assets | $52.6M | $60.0M | $65.8M | $179.4M | $177.5M |
| Accounts payable | $16.0M | $11.5M | $10.9M | — | — |
| Total current liabilities | $69.8M | $25.4M | $67.3M | $2.5M | $235.1K |
| Total liabilities | $71.8M | $60.7M | $87.1M | — | — |
| Retained earnings | -$109.8M | -$90.8M | -$65.5M | -$1.6M | -$407.6K |
| Total equity | -$19.2M | -$695.9K | -$21.3M | $4.6M | $1.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Operating cash flow | -$6.6M | -$15.1M | -$18.0M | -$2.1M | -$602.2K |
| Depreciation and amortisation | $1.8M | $2.3M | $3.9M | — | — |
| Stock-based compensation | — | $1.3M | $492.3K | — | — |
| Capital expenditure | — | $1.7M | $4.5M | — | — |
| Investing cash flow | -$65.7K | -$1.9M | -$4.5M | — | -$175.9M |
| Financing cash flow | $6.1M | $10.0M | $24.9M | $1.7M | $177.7M |
| Buybacks | — | — | $159.5M | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-26-082825.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | — | — | $31.4M | $29.1M | $31.5M |
| Gross profit | $172.5M | $175.9M | -$1.3M | $2.2M | $3.5M |
| Net income | -$407.6K | -$302.5K | -$27.5M | -$25.3M | -$19.0M |
Recent filings and events
- Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Item 7.01
- Delisting notice Item 3.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Delisting notice Item 3.01
- Regulation FD disclosure Item 7.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 2000
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|---|---|---|---|---|
| MDLZ | Mondelez International, Inc. | $81.90B | 33.8x | 5.8% |
| CAG | CONAGRA BRANDS INC. | $7.11B | — | -2.9% |
| CPB | CAMPBELL'S Co | $6.18B | 10.3x | 6.4% |
| BYND | BEYOND MEAT, INC. | $3.69B | — | -15.6% |
| FLO | FLOWERS FOODS INC | $1.30B | 15.4x | 3.0% |
| BRBR | BELLRING BRANDS, INC. | $1.11B | 5.7x | 16.1% |
| SMPL | Simply Good Foods Co | $920.9M | 10.2x | 9.0% |
| VITL | Vital Farms, Inc. | $392.4M | 6.3x | 25.3% |