Borealis Foods Inc.BRLSEarnings & Financial Report
Borealis Foods Inc is a food technology enterprise specializing in developing and producing high-quality plant-based protein products including plant-based meat alternatives. It mainly serves retail and food service customers across North America and Europe, focusing on delivering affordable, nutritious sustainable food options matching the taste of conventional animal-derived meat.
Revenue
$6.8M
Gross Profit
$899.8K
Operating Profit
$-2.9M
Net Profit
$-4.2M
Gross Margin
13.1%
Operating Margin
-42.6%
Net Margin
-61.2%
YoY Growth
-13.3%
EPS
$-0.20
Borealis Foods Inc. Q1 FY2025 Financial Summary
Borealis Foods Inc. reported revenue of $6.8M (down 13.3% YoY) for Q1 FY2025, with a net profit of $-4.2M (up 50.3% YoY) (-61.2% margin). Cost of goods sold was $5.9M, operating expenses totaled $3.8M.
Key Financial Metrics
| Total Revenue | $6.8M |
|---|---|
| Net Profit | $-4.2M |
| Gross Margin | 13.1% |
| Operating Margin | -42.6% |
| Report Period | Q1 FY2025 |
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 |
Borealis Foods Inc. Quarterly Revenue & Net Profit History
Borealis Foods Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2025 | $7.1M | -12.0% | $-3.8M | -53.2% |
| Q2 FY2025 | $7.2M | +31.3% | $-4.6M | -64.0% |
| Q1 FY2025 | $6.8M | -13.3% | $-4.2M | -61.2% |
| Q4 FY2024 | $6.8M | -9.4% | $-5.8M | -85.3% |
| Q3 FY2024 | $8.1M | -2.3% | $-4.8M | -59.8% |
| Q2 FY2024 | $5.5M | -19.8% | $-6.3M | -115.0% |
| Q1 FY2024 | $7.9M | -5.5% | $-8.4M | -106.8% |
| Q4 FY2023 | $7.5M | — | $-6.7M | -89.3% |
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 | $65.8M | $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 | $-21.3M | $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 | $-1.9M | $-6.8M | $-4.2M | $-3.3M | $-819425 | $-1.4M | $-2.2M | $-190568 |