BRLS
Borealis Foods Inc.Company Information
- Company Name
- Borealis Foods Inc.
- CIK
- CIK0001852973
- Category
- <br>Emerging growth company
- Ticker: Exchange
- BRLS: Nasdaq, BRLSW: Nasdaq
- Fiscal Year End
- December 31
- Owner Organization
- 04 Manufacturing
- SIC
- 2000
- SIC Description
- Food and Kindred Products
- Ticker
- BRLS
SEC filing data through
Insider Sentiment
- Last purchase
- 2024-02-28
- Last sale
- —
- Shares purchased (TTM)
- 2,000
- Shares sold (TTM)
- 0
Institutional Sentiment
- As of
- 2026-06-30
- Institutional shares owned
- 54,605
- Shares outstanding
- 21,428,650
- Ownership
- 0.25%
Earnings Market Reaction
- Filing date
- 2026-06-30
- Price on filing date
- —
- 1-month reaction
- -39.68%
- 3-month reaction
- -11.61%
Balance Sheet
Values in millions ($)| Line item | 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 | Subscriber-only column | Trend |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Related Party | 29 | 27 | 0 | 2 | 17 | 8 | - | - | 8 | 4 | 3 | - | ||||||
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 | ||||||
| Property Plant And Equipment Net | 44 | 44 | 44 | 45 | 45 | 46 | 46 | 46 | 46 | - | - | - | ||||||
| Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization | - | - | - | - | - | 46 | - | - | - | 46 | - | - | ||||||
Assets Noncurrent | ||||||||||||||||||
| 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 Stockholders Equity | ||||||||||||||||||
| Temporary Equity Carrying Amount Attributable To Parent | - | - | - | - | - | - | - | - | - | 22 | 22 | 21 | ||||||
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 | - | - | - | - | - | - | - | - | - | - | 0.00 | - | ||||||
| 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 | - | - | - | - | - | - | - | - | - | 0.00 | 0.00 | 0.00 | ||||||
| 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 | - | - | - | ||||||
Select a line item above to chart it.
Recent filings
- 10-QFiled
- 10-KFiled
- 10-QFiled
- 10-QFiled
- 10-QFiled
- 10-KFiled
- 10-QFiled
- 10-QFiled
- 10-QFiled
- 10-KFiled
- 10-QFiled
- 10-QFiled
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Start 7-day free trialBorealis 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. Borealis Foods Inc. (BRLS)'s most recent SEC filing is a Form 10-Q for the period ended 2026-03-31, filed with the SEC on 2026-06-30. Based on that filing, Borealis Foods Inc. carries a market cap of $30.43M, a P/E ratio of -1.66x, a P/B ratio of -1.34x, a P/S ratio of 0.93x, an enterprise value of $36.14M, and an EV/EBITDA multiple of -4.29x. On profitability, it posts a gross margin of 10.56%, an operating margin of -31.15%, a net margin of -56.01%, a Return on Equity (ROE) of 132.98%, a Return on Assets (ROA) of -33.48%, and a Return on Invested Capital (ROIC) of -227.59%. Per share, it reports EPS of $-0.85, diluted EPS of $-0.85, free cash flow per share of $-0.25, and a dividend per share of $0.00. Over the trailing year, it posted revenue growth of 12.81% year-over-year, net income growth of -13.18% year-over-year, and EPS growth of -13.38% year-over-year. On the balance sheet, it maintains a current ratio of 0.09x, a quick ratio of 0.03x, working capital of $-65.02M, a debt-to-equity ratio of -3.24x, a debt ratio of 1.45, an interest coverage ratio of -1.65x, free cash flow of $-5.40M (TTM), and net debt of $5.71M. Figures sourced from SEC EDGAR.
- Market Cap
- $30.43M
- P/E TTM
- -1.66x
- EPS TTM
- $-0.85
- P/B TTM
- -1.34x
- ROE TTM
- 132.98%
- ROA TTM
- -33.48%
- Debt To Equity
- -3.24x
- Free Cash Flow TTM
- $-5.40M
- Net Revenue TTM Growth 1Y
- 12.81%
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 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.
When was Borealis Foods Inc. (BRLS)'s most recent SEC filing?
Borealis Foods Inc. (BRLS)'s most recent SEC filing is a Form 10-Q for the period ended 2026-03-31, filed with the SEC on 2026-06-30.
What is BRLS's market cap?
Borealis Foods Inc. (BRLS) has a market capitalization of $30.43M as of 2026-03-31.
What is BRLS's EPS (earnings per share)?
Borealis Foods Inc. (BRLS)'s trailing twelve month EPS is $-0.85 as of 2026-03-31.
What is BRLS's ROE (return on equity)?
Borealis Foods Inc. (BRLS)'s trailing twelve month Return on Equity (ROE) is 132.98% as of 2026-03-31.
What is BRLS's ROA (return on assets)?
Borealis Foods Inc. (BRLS)'s trailing twelve month Return on Assets (ROA) is -33.48% as of 2026-03-31.
What is BRLS's ROIC (return on invested capital)?
Borealis Foods Inc. (BRLS)'s trailing twelve month Return on Invested Capital (ROIC) is -227.59% as of 2025-09-30.
What is BRLS's EV/EBITDA?
Borealis Foods Inc. (BRLS)'s trailing twelve month EV/EBITDA is -4.29x as of 2026-03-31.