Borealis Foods Inc.
Borealis Foods Inc.
Insider Sentiment (TTM):
Last Purchase:2024-02-28Last Sale:-Shares Purchased (TTM):0Shares Sold (TTM):0
Institutional Sentiment:
As of:2026-03-31Institutional Shares Owned:39,925Shares Outstanding:21,428,650Institutional Ownership Pct.:0.19%
Earnings Market Reaction:
Filing Date:2026-06-30Price on Filing Date:N/APrevious Close:N/A% Change:N/A
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Related Party | 29 | 27 | 0 | 2 | 17 | 8 | - | - | 8 | 4 | 3 | - | |||||
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 3 | 8 | 8 | 0 | 0 | |||||
Accounts Receivable Net Current | 2 | 3 | 3 | 2 | 2 | 2 | 3 | 3 | 5 | 2 | - | - | |||||
Inventory Net | 4 | 5 | 6 | 7 | 8 | 8 | 9 | 8 | 7 | 7 | - | - | |||||
Prepaid Expense Current | - | - | - | - | - | - | 1 | 2 | 2 | 0 | 0 | - | |||||
Prepaid Expense And Other Assets Current | 1 | 1 | 1 | 0 | 1 | 1 | - | - | - | 1 | - | - | |||||
Assets Current | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 15 | 22 | 17 | 0 | 0 | |||||
Assets Held In Trust Noncurrent | - | - | - | - | - | - | - | - | - | 22 | 22 | 21 | |||||
Assets Noncurrent | |||||||||||||||||
Property Plant And Equipment Net | 44 | 44 | 44 | 45 | 45 | 46 | 46 | 46 | 46 | - | - | - | |||||
Property Plant And Equipment And Finance Lease Rig… | - | - | - | - | - | 46 | - | - | - | 46 | - | - | |||||
Intangible Assets Net Excluding Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | 0 | - | - | |||||
Accrued Liabilities Current | - | - | - | - | - | - | - | - | - | 3 | 3 | 2 | |||||
Operating Lease Right Of Use Asset | 0 | 0 | 0 | 0 | 0 | 0 | - | - | 0 | 0 | - | - | |||||
Goodwill | - | - | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | - | - | |||||
Other Assets Noncurrent | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |||||
Assets | 51 | 53 | 56 | 57 | 58 | 60 | 62 | 64 | 70 | 66 | 22 | 21 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Temporary Equity Carrying Amount Attributable To P… | - | - | - | - | - | - | - | - | - | 22 | 22 | 21 | |||||
Liabilities | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Notes Payable To Bank Current | - | - | - | - | - | - | - | - | 13 | - | - | - | |||||
Accounts Payable And Accrued Liabilities Current | 17 | 16 | 14 | 14 | 13 | 12 | 9 | 7 | 7 | 11 | - | - | |||||
Other Liabilities Current | - | - | - | - | - | 8 | 15 | 15 | - | 8 | - | - | |||||
Lines Of Credit Current | 2 | 3 | 10 | - | - | - | - | - | - | - | - | - | |||||
Convertible Notes Payable Current | 3 | 3 | - | - | - | 0 | 0 | 0 | - | 47 | - | - | |||||
Other Notes Payable Current | - | - | - | - | - | 5 | 6 | 6 | - | 1 | - | - | |||||
Other Loans Payable Current | 20 | 20 | 20 | 6 | 6 | 5 | - | - | - | - | - | - | |||||
Operating Lease Liability Current | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |||||
Finance Lease Liability Current | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | - | - | |||||
Liabilities Current | 72 | 70 | 64 | 39 | 36 | 25 | 30 | 29 | 29 | 67 | 6 | 5 | |||||
Long Term Line Of Credit | - | - | - | 8 | 8 | 8 | 7 | 5 | 5 | 0 | - | - | |||||
Other Liabilities Noncurrent | - | - | - | - | - | 8 | - | - | - | 0 | - | - | |||||
Common Class B | - | - | - | - | - | - | - | - | - | 0 | 0 | -56 | |||||
Convertible Debt Noncurrent | - | - | 3 | 3 | 3 | 3 | - | - | - | - | - | - | |||||
Notes Payable To Bank Noncurrent | - | - | - | 14 | 14 | 14 | - | - | 14 | - | - | - | |||||
Liabilities Noncurrent | |||||||||||||||||
Temporary Equity Par Or Stated Value Per Share | - | - | - | - | - | - | - | - | - | - | 0 | - | |||||
Temporary Equity Shares Issued | - | - | - | - | - | - | - | - | - | - | 2 | - | |||||
Common Class A | - | - | - | - | - | - | - | - | - | 0 | 0 | -100 | |||||
Operating Lease Liability Noncurrent | 0 | 0 | - | - | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |||||
Preferred Stock Shares Authorized | - | - | - | - | - | - | - | - | - | 5 | 5 | 5 | |||||
Convertible Long Term Notes Payable | - | - | - | - | - | 3 | 3 | 3 | 3 | 3 | - | - | |||||
Other Long Term Notes Payable | - | - | - | - | - | 14 | 14 | 14 | - | 14 | - | - | |||||
Preferred Stock Par Or Stated Value Per Share | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | |||||
Finance Lease Liability Noncurrent | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | - | - | |||||
Deferred Income Tax Liabilities Net | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | - | - | |||||
Liabilities | 74 | 72 | 69 | 66 | 63 | 61 | 57 | 54 | 54 | 87 | - | - | |||||
Stockholders Equity | |||||||||||||||||
Additional Paid In Capital Common Stock | - | - | 90 | 90 | 90 | - | - | - | 90 | - | - | - | |||||
Additional Paid In Capital | 91 | 91 | - | - | - | 90 | 90 | 90 | - | 44 | - | - | |||||
Common Stock Value | - | - | - | - | - | 0 | 0 | 0 | - | 0 | - | - | |||||
Retained Earnings Accumulated Deficit | -113 | -110 | -103 | -100 | -95 | -91 | -85 | -80 | -74 | -65 | -6 | -5 | |||||
Stockholders Equity | -23 | -19 | -13 | -9 | -5 | -1 | 5 | 10 | 16 | -21 | -15 | -9 | |||||
Liabilities And Stockholders Equity | 51 | 53 | 56 | 57 | 58 | 60 | 62 | 64 | 70 | 66 | 22 | 21 | |||||
Allowance For Doubtful Accounts Receivable | 0 | 0 | 0 | 0 | 0 | 0 | - | - | 1 | - | - | - | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -39.68% | - | - | - | - | - | - | - | - | - | - | - |
| 2025 | -2.89% | -34.30% | -43.55% | -10.50% | -3.81% | 18.36% | -36.17% | -45.64% | -78.09% | -1.96% | -38.89% | - |
| 2024 | 26.30% | 29.13% | -4.36% | 10.29% | -11.76% | -14.56% | 4.17% | -5.61% | -6.41% | 1.69% | -12.35% | -38.58% |
| 2023 | - | - | - | 0.00% | 0.82% | 1.56% | 0.54% | 0.80% | -19.57% | -9.62% | 67.19% | 106.28% |
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Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 0.09 | 0.12 | 0.15 | 0.25 | 0.29 | 0.46 | 0.44 | 0.53 | 0.77 | 0.26 | 0.01 | 0.00 | |||||
| Quick Ratio | 0.03 | 0.04 | 0.04 | 0.06 | 0.05 | 0.10 | 0.12 | 0.20 | 0.45 | 0.15 | 0.01 | 0.00 | |||||
| Working Capital | -65.02M | -61.76M | -54.65M | -29.49M | -25.30M | -13.61M | -16.87M | -13.51M | -6.63M | -50.12M | -6.02M | -4.71M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | -3.24 | -3.73 | -5.35 | -7.25 | -13.10 | -87.23 | 11.21 | 5.42 | 3.34 | -4.08 | -0.41 | -0.51 | |||||
| Interest Coverage TTM | -1.65 | -1.84 | -2.27 | -2.91 | -3.36 | -4.03 | -2.88 | -2.64 | -2.56 | -2.27 | -2.92 | -3.80 | |||||
| Debt Ratio | 1.45 | 1.37 | 1.23 | 1.16 | 1.08 | 1.01 | 0.92 | 0.84 | 0.77 | 1.32 | 0.28 | 0.22 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.60 | 0.57 | 0.51 | 0.51 | 0.45 | 0.48 | 0.73 | 0.71 | 0.69 | 0.26 | 0.23 | 0.16 | |||||
| Days Sales Outstanding TTM | 19.67 | 26.21 | 32.96 | 28.58 | 41.26 | 22.59 | 34.79 | 30.81 | 55.27 | 20.38 | - | - | |||||
| Receivables Turnover TTM | 18.56 | 13.92 | 11.07 | 12.77 | 8.85 | 16.16 | 10.49 | 11.85 | 6.60 | 17.91 | - | - | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | -0.85 | -0.89 | -0.85 | -0.91 | -0.99 | -1.25 | -1.23 | -1.31 | -1.76 | -2.56 | -1.87 | -1.28 | |||||
| Free Cash Flow Per Share TTM | -0.25 | -0.31 | -0.22 | -0.39 | -0.51 | -0.82 | -0.87 | -0.96 | -1.34 | -2.09 | -1.96 | -1.47 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 10.56% | 10.93% | 8.92% | 9.46% | 9.83% | 7.24% | 8.18% | 2.47% | -2.27% | -4.10% | - | - | |||||
| Operating Profit Margin TTM | -31.15% | -34.35% | -42.23% | -46.72% | -56.44% | -67.50% | -66.53% | -69.97% | -70.96% | -62.73% | -69.36% | -82.00% | |||||
| Net Profit Margin TTM | -56.01% | -59.08% | -60.40% | -62.40% | -72.78% | -83.79% | -85.94% | -92.75% | -95.14% | -86.41% | -85.98% | -87.80% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 12.81% | 6.27% | -0.49% | 3.03% | -8.05% | -4.95% | 30.76% | 93.24% | 258.90% | - | - | - | |||||
| Net Income Growth (1Y) | -13.18% | -25.07% | -30.07% | -30.69% | -29.66% | -7.83% | 30.70% | 104.15% | 427.09% | 8,982.73% | 1,268.01% | 999.32% | |||||
| EPS Growth (1Y) | -13.38% | -28.98% | -30.35% | -30.79% | -43.81% | -51.22% | -34.39% | 2.48% | 231.19% | 14,474.53% | 2,098.95% | 1,667.05% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | -1.66 | -2.26 | -3.15 | -4.04 | -6.60 | -4.78 | -4.66 | -6.99 | -3.33 | -4.42 | -5.91 | -8.39 | |||||
| P/B TTM | -1.34 | -2.23 | -4.46 | -8.54 | -28.84 | -174.03 | 24.12 | 19.73 | 6.17 | -5.70 | -8.01 | -12.35 | |||||
| P/S TTM | 0.93 | 1.33 | 1.90 | 2.52 | 4.80 | 4.01 | 4.01 | 6.48 | 3.17 | 3.82 | 5.08 | 7.37 | |||||
| Market Cap | 30.43M | 42.86M | 57.80M | 78.35M | 139.18M | 121.11M | 122.29M | 195.40M | 99.92M | 121.58M | 118.48M | 114.94M | |||||
| Enterprise Value | 36.14M | 49.62M | 72.09M | 82.55M | 143.52M | 128.14M | 126.40M | 197.25M | 96.81M | 166.52M | 109.51M | 102.22M | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | -5.40M | -6.67M | -4.78M | -8.28M | -10.81M | -16.74M | -18.69M | -20.48M | -22.95M | -22.47M | -21.01M | -15.77M | |||||
| Net Debt | 5.71M | 6.76M | 14.29M | 4.20M | 4.34M | 7.03M | 4.11M | 1.85M | -3.11M | 44.93M | -8.97M | -12.71M | |||||
Per-Share and Margin | |||||||||||||||||
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| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
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Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
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| Net Profit Margin Growth (1Y) | |||||||||||||||||
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| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
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| Net Debt to Equity | |||||||||||||||||
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| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
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| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
2024-02-28Purchase
Owner: Oyer, Steven M
Title: -
Shares: 1,000
Price/Share: $9.93
Value: $9,930.00
Shares Owned: 2,000
Relationship: Director
Ownership: Direct
2024-02-09Purchase
Owner: Oyer, Steven M
Title: -
Shares: 1,000
Price/Share: $8.39
Value: $8,390.00
Shares Owned: 1,000
Relationship: Director
Ownership: Direct
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Institutional Ownership
No data available for chart
2026-03-31
0.19%
Inst. Shares: 39,925
Shares Outstanding: 21,428,650
2025-09-30
0.00%
Inst. Shares: 243
Shares Outstanding: 21,463,415
2025-06-30
-
Inst. Shares: -
Shares Outstanding: 21,407,493
2025-03-31
0.14%
Inst. Shares: 30,099
Shares Outstanding: 21,379,347
2024-12-31
0.14%
Inst. Shares: 27,864
Shares Outstanding: 20,309,934
Borealis Foods Inc. (BRLS) — SEC Financial Statements & Analysis
Borealis Foods Inc. (BRLS) is a food and kindred products company, incorporated in E9. Borealis Foods Inc. trades on Nasdaq as: BRLS, BRLSW. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), Borealis Foods Inc. reported a 12.81% year-over-year revenue growth, a Gross Profit Margin of 10.56% (TTM), a Debt-to-Equity ratio of -3.24x, a Price-to-Sales (P/S) ratio of 0.93x (TTM), a Price-to-Book (P/B) ratio of -1.34 (TTM), at a market cap of $30.43M. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 12.81%
- Gross Profit Margin TTM
- 10.56%
- Debt To Equity
- -3.24x
- P/S TTM
- 0.93x
- P/B TTM
- -1.34
- Market Cap
- $30.43M
Data as of 2026-03-31 · Source: SEC EDGAR
Frequently Asked Questions
What industry is Borealis Foods Inc. in?
Borealis Foods Inc. (BRLS) operates in the Food and Kindred Products industry.
What is BRLS's market cap?
Borealis Foods Inc. (BRLS) has a market capitalization of $30.43M as of 2026-03-31.
What exchange does BRLS trade on?
Borealis Foods Inc. (BRLS) trades on the Nasdaq.
Where is Borealis Foods Inc. incorporated?
Borealis Foods Inc. is incorporated in Cayman Islands.