Borealis Foods Inc.BRLSEarnings & Financial Report
Nasdaq
NextJun 18, 2026
BRLS Q3 2025 Key Financial Metrics
Revenue
$7.1M
Gross Profit
$1.0M
Operating Profit
$-1.9M
Net Profit
$-3.8M
Gross Margin
14.6%
Operating Margin
-27.1%
Net Margin
-53.2%
YoY Growth
-12.0%
EPS
$-0.18
Financial Flow
Borealis Foods Inc. Q3 2025 Financial Summary
Borealis Foods Inc. reported revenue of $7.1M for Q3 2025, with a net profit of $-3.8M (-53.2% margin). Cost of goods sold was $6.1M, operating expenses totaled $3.0M.
Key Financial Metrics
| Total Revenue | $7.1M |
|---|---|
| Net Profit | $-3.8M |
| Gross Margin | 14.6% |
| Operating Margin | -27.1% |
| Report Period | Q3 2025 |
Borealis Foods Inc. Annual Revenue by Year
Borealis Foods Inc. annual revenue history includes year-by-year totals (for example, 2024 revenue was $28.2M).
| Year | Annual Revenue |
|---|---|
| 2024 | $28.2M |
| 2023 | $30.9M |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.5M | $7.9M | $5.5M | $8.1M | $6.8M | $6.8M | $7.2M | $7.1M |
| YoY Growth | N/A | -5.5% | -19.8% | -2.3% | -9.4% | -13.3% | 31.3% | -12.0% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $22.0M | $70.3M | $63.6M | $61.9M | $60.0M | $58.4M | $57.3M | $56.3M |
| Liabilities | $87.1M | $54.1M | $53.7M | $56.8M | $60.7M | $63.2M | $66.4M | $69.2M |
| Equity | $-7.4M | $16.2M | $9.9M | $5.1M | $-695886 | $-4.8M | $-9.2M | $-12.9M |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-398094 | $-6.8M | $-4.2M | $-3.3M | $-819425 | $-1.4M | $-2.2M | $-190568 |