BRLS
Borealis Foods Inc.
NASDAQ · Consumer Defensive · Packaged Foods · CA
$1.31
+8.26%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 34.9M | 44.6M | 50.3M | 5.1M | 25.6M |
| Cost of Revenue | 27.2M | 26.6M | 25.5M | — | 33.7M |
| Gross Profit | 7.8M | 18.1M | 24.8M | 5.1M | (8.1M) |
| Operating Expenses | |||||
| R&D Expense | 1.5M | — | — | — | — |
| SG&A Expense | 17.5M | 29.1M | 45.2M | 10.3M | 15.0M |
| General & Admin Expense | 10.1M | 14.5M | 22.6M | 5.1M | — |
| Selling & Marketing Expense | 7.4M | 14.5M | 22.6M | 5.1M | 15.0M |
| Other Expenses | (1.1M) | — | — | — | — |
| Total Operating Expenses | 18.0M | 29.1M | 45.2M | 10.3M | 15.0M |
| Cost and Expenses | 45.1M | 55.7M | 70.7M | 10.3M | 48.7M |
| Operating Income (EBIT) | (10.2M) | (11.0M) | (20.4M) | (5.1M) | (23.1M) |
| Non-Operating | |||||
| Interest Income | — | — | — | 5.2K | 4.0K |
| Interest Expense | 6.2M | 6.0M | 5.1M | — | — |
| Net Interest Income | (6.2M) | (6.0M) | (5.1M) | 5.2K | 4.0K |
| Other Non-Op Income/Expense | (16.9M) | (37.1M) | (50.2M) | (8.1M) | (3.2M) |
| Non-Operating Income (excl Interest) | 2.0M | 2.0M | (3.6K) | (2.2M) | (20.2M) |
| EBT (Pre-Tax Income) | (27.1M) | (48.1M) | (70.7M) | (13.2M) | (26.2M) |
| Income Tax Expense | (8.7M) | (29.2M) | (45.3M) | (10.3M) | (25.9M) |
| Bottom Line | |||||
| Net Income | (18.3M) | (19.0M) | (25.3M) | (2.9M) | (302.5K) |
| Earnings from Cont. Ops | (18.3M) | (19.0M) | (25.3M) | (2.9M) | (302.5K) |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | (18.3M) | (19.0M) | (25.3M) | (2.9M) | (302.5K) |
| Per Share | |||||
| Basic EPS | ($0.85) | ($0.89) | ($1.25) | ($0.15) | ($1.20) |
| Diluted EPS | ($0.85) | ($0.89) | ($1.25) | ($0.15) | ($1.20) |
| Revenue Per Share | $1.63 | $2.08 | $2.47 | $0.26 | $1.17 |
| Shares | |||||
| Basic Shares Outstanding | 21.4M | 21.4M | 20.3M | 19.5M | 21.9M |
| Diluted Shares Outstanding | 21.4M | 21.4M | 20.3M | 19.5M | 21.9M |
| Profitability Metrics | |||||
| EBITDA | (10.4M) | (11.2M) | (18.1M) | (2.8M) | 564.8K |
| D&A | 1.7M | 1.8M | 2.3M | 167.9K | 3.5M |
| EBIT | (12.2M) | (13.1M) | (20.4M) | (2.9M) | (2.9M) |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Mar 1, 2026