FY2025 · ended Dec 31, 2025 · Revenue $31.48M, +8.2% YoY · Filed Sep 30, 2026
Borealis Foods Inc. (BRLS) files with the SEC under industry code 2000, Food and Kindred Products. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $31.5 million and a net loss of $19.0 million. As of Mar 31, 2026 it held $500,000 in cash and investments and $1.1 million in total debt.
Revenue (TTM)
$32.03M
+15.1% vs year-ago TTM
Net income (TTM)
$-18.30M
+13.2% vs year-ago TTM
Operating cash flow (TTM)
$-5.35M
+44.8% vs year-ago TTM
Free cash flow
$-16.74M
EPS (TTM)
$-0.85
+13.5% vs year-ago TTM
Dividend per share
None
Shares outstanding
21.46M
+0.0% vs prior year
Net cash
$-629,534
as of Mar 31, 2026
Operating margin
-31.8%
FY 2026
Company profile
- Industry
- Food and Kindred Products (SIC 2000)
- Listed as
- BRLS (Nasdaq), BRLSW (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- Cayman Islands
- Headquarters
- Oakville, Ontario, Canada
- SEC filer status
- Non-accelerated filer, Smaller reporting company, Emerging growth company
- SEC CIK
- 1852973
- Former names
- Oxus Acquisition Corp. (until Feb 7, 2024)
Other Food and Kindred Products companies
- Mondelez International, Inc. MDLZ
- Conagra Brands Inc. CAG
- CAMPBELL'S Co CPB
- Nomad Foods Ltd NOMD
- Flowers Foods Inc FLO
- Bellring Brands, Inc. BRBR
- Simply Good Foods Co SMPL
- Vital Farms, Inc. VITL
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $31.5M | $29.1M | — | — | — |
| Operating income | -$11.0M | -$20.4M | -$19.9M | -$2.9M | -$428,376 |
| Net income | -$19.0M | -$25.3M | -$27.5M | -$302,544 | -$407,624 |
| Diluted EPS | -$0.89 | -$1.25 | — | — | — |
| Operating cash flow | -$6.6M | -$15.1M | -$18.0M | -$2.1M | -$602,161 |
| Free cash flow | — | -$16.7M | — | — | — |
| Total assets | $52.6M | $60.0M | $65.8M | $179.4M | $177.5M |
| Total liabilities | $71.8M | $60.7M | — | — | — |
| Stockholders' equity | -$19.2M | -$695,886 | -$21.3M | $4.6M | $1.3M |
| Cash and investments | $64,000 | — | — | $680,792 | $1.1M |
| Total debt | $1.3M | $1.7M | — | — | — |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Listing notice, Officer or director change, Other events
|
Nov 4, 2026 | Oct 29, 2026 |
| 10-K/A | Amended annual report | Sep 30, 2026 | Dec 31, 2025 |
| 8-K |
Current report
Listing notice, Regulation FD disclosure
|
Sep 1, 2026 | Aug 26, 2026 |
| 8-K |
Current report
Results of operations, Regulation FD disclosure
|
Aug 26, 2026 | Aug 26, 2026 |
| 10-K/A | Amended annual report | Jul 29, 2026 | Dec 31, 2025 |
| 8-K |
Current report
Listing notice
|
Jul 8, 2026 | Jul 2, 2026 |
All 206 Borealis Foods Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.