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Stocks · Consumer staples · Food and Kindred Products

Borealis Foods Inc.

BRLS Clue Score30
Ontario, Canada Fiscal year ends December CIK 0001852973
$0.96 -0.05% Close, 9 Oct 2026
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Price $0.96 −90.20% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 6 Oct 2021. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2021Operating income−0.4Net income−0.4Fiscal year 2022Operating income−2.9Net income−0.3Fiscal year 2023Revenue31.4Operating income−19.9Net income−27.5EPS, diluted−2.56Fiscal year 2024Revenue29.1 −7.3%Operating income−20.4Net income−25.3EPS, diluted−1.25Fiscal year 2025Revenue31.5 +8.2%Operating income−11.0Net income−19.0EPS, diluted−0.89
FY2021FY2022FY2023FY2024FY2025
Revenue n/a n/a 31.4 29.1 31.5
Growth −7.3% +8.2%
Operating income −0.4 −2.9 −19.9 −20.4 −11.0
Net income −0.4 −0.3 −27.5 −25.3 −19.0
Growth
EPS, diluted n/a n/a −2.56 −1.25 −0.89

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2021Fiscal year 2022Fiscal year 2023Gross margin−4.2%Operating margin−63.6%Net margin−87.6%Free cash flow margin−71.6%Fiscal year 2024Gross margin7.5%Operating margin−70.1%Net margin−87.0%Free cash flow margin−57.5%Fiscal year 2025Gross margin11.2%Operating margin−35.1%Net margin−60.3%
FY2021FY2022FY2023FY2024FY2025
Gross margin n/a n/a −4.2% 7.5% 11.2%
Operating margin n/a n/a −63.6% −70.1% −35.1%
Net margin n/a n/a −87.6% −87.0% −60.3%
Free cash flow margin n/a n/a −71.6% −57.5% n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2021Operating cash flow−0.6Fiscal year 2022Operating cash flow−2.1Fiscal year 2023Operating cash flow−18.0Capital expenditure−4.5Free cash flow−22.5Buybacks−159.5Fiscal year 2024Operating cash flow−15.1Capital expenditure−1.7Free cash flow−16.7Fiscal year 2025Operating cash flow−6.6
FY2021FY2022FY2023FY2024FY2025
Operating cash flow −0.6 −2.1 −18.0 −15.1 −6.6
Capital expenditure n/a n/a −4.5 −1.7 n/a
Free cash flow n/a n/a −22.5 −16.7 n/a
Growth
Buybacks n/a n/a −159.5 n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2021Cash1.1Shareholders’ equity1.3Fiscal year 2022Cash0.7Shareholders’ equity4.6Fiscal year 2023Cash7.6Shareholders’ equity−21.3Fiscal year 2024Cash0.7Shareholders’ equity−0.7Fiscal year 2025Cash0.1Shareholders’ equity−19.2
FY2021FY2022FY2023FY2024FY2025
Cash 1.1 0.7 7.6 0.7 0.1
Shareholders’ equity 1.3 4.6 −21.3 −0.7 −19.2

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
n/a n/a −4.2% 7.5% 11.2%
n/a n/a −63.6% −70.1% −35.1%
n/a n/a n/a −87.5% −60.5%
n/a n/a −87.6% −87.0% −60.3%
n/a n/a −71.6% −57.5% n/a
Spending
n/a n/a 1.5% 0.7% 0.6%
n/a n/a 59.4% 77.6% 46.2%
n/a n/a 14.2% 5.7% n/a
Returns
−31.3% −6.5% n/a n/a n/a
−0.2% −0.2% −41.8% −42.2% −36.1%
Balance and payout
n/a n/a 132.4% 101.2% 136.6%