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Side-by-side financial comparison of BranchOut Food Inc. (BOF) and Borealis Foods Inc. (BRLS). Click either name above to swap in a different company.

Borealis Foods Inc. is the larger business by last-quarter revenue ($7.1M vs $4.0M, roughly 1.8× BranchOut Food Inc.). BranchOut Food Inc. runs the higher net margin — -50.6% vs -53.2%, a 2.6% gap on every dollar of revenue. On growth, BranchOut Food Inc. posted the faster year-over-year revenue change (181.9% vs -12.0%). Over the past eight quarters, BranchOut Food Inc.'s revenue compounded faster (65.4% CAGR vs -2.4%).

Food Lion is an American regional supermarket chain headquartered in Salisbury, North Carolina, that operates over 1,000 supermarkets in 10 states: Delaware, Georgia, Kentucky, Maryland, North Carolina, South Carolina, Pennsylvania, Tennessee, Virginia, and West Virginia. The chain employs over 82,000 people. It was founded in 1957 as Food Town, a single grocery store in Salisbury. It later expanded to many locations across North Carolina. It was independently operated until it was acquired b...

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.

BOF vs BRLS — Head-to-Head

Bigger by revenue
BRLS
BRLS
1.8× larger
BRLS
$7.1M
$4.0M
BOF
Growing faster (revenue YoY)
BOF
BOF
+193.9% gap
BOF
181.9%
-12.0%
BRLS
Higher net margin
BOF
BOF
2.6% more per $
BOF
-50.6%
-53.2%
BRLS
Faster 2-yr revenue CAGR
BOF
BOF
Annualised
BOF
65.4%
-2.4%
BRLS

Income Statement — Q4 2025 vs Q3 2025

Metric
BOF
BOF
BRLS
BRLS
Revenue
$4.0M
$7.1M
Net Profit
$-2.0M
$-3.8M
Gross Margin
7.6%
14.6%
Operating Margin
-47.6%
-27.1%
Net Margin
-50.6%
-53.2%
Revenue YoY
181.9%
-12.0%
Net Profit YoY
-36.5%
21.8%
EPS (diluted)
$-0.15
$-0.18

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BOF
BOF
BRLS
BRLS
Q4 25
$4.0M
Q3 25
$3.2M
$7.1M
Q2 25
$3.3M
$7.2M
Q1 25
$3.2M
$6.8M
Q4 24
$1.4M
$6.8M
Q3 24
$2.2M
$8.1M
Q2 24
$1.4M
$5.5M
Q1 24
$1.5M
$7.9M
Net Profit
BOF
BOF
BRLS
BRLS
Q4 25
$-2.0M
Q3 25
$-1.6M
$-3.8M
Q2 25
$-1.6M
$-4.6M
Q1 25
$-918.4K
$-4.2M
Q4 24
$-1.5M
$-5.8M
Q3 24
$-1.3M
$-4.8M
Q2 24
$-942.6K
$-6.3M
Q1 24
$-1.1M
$-8.4M
Gross Margin
BOF
BOF
BRLS
BRLS
Q4 25
7.6%
Q3 25
17.7%
14.6%
Q2 25
18.4%
7.2%
Q1 25
17.3%
13.1%
Q4 24
0.9%
3.7%
Q3 24
15.4%
15.8%
Q2 24
10.9%
7.7%
Q1 24
19.3%
3.1%
Operating Margin
BOF
BOF
BRLS
BRLS
Q4 25
-47.6%
Q3 25
-44.3%
-27.1%
Q2 25
-40.8%
-46.7%
Q1 25
-21.4%
-42.6%
Q4 24
-80.7%
-68.4%
Q3 24
-41.4%
-44.8%
Q2 24
-60.6%
-94.8%
Q1 24
-69.9%
-88.3%
Net Margin
BOF
BOF
BRLS
BRLS
Q4 25
-50.6%
Q3 25
-48.8%
-53.2%
Q2 25
-48.6%
-64.0%
Q1 25
-28.8%
-61.2%
Q4 24
-104.5%
-85.3%
Q3 24
-58.3%
-59.8%
Q2 24
-69.2%
-115.0%
Q1 24
-71.6%
-106.8%
EPS (diluted)
BOF
BOF
BRLS
BRLS
Q4 25
$-0.15
Q3 25
$-0.14
$-0.18
Q2 25
$-0.17
$0.21
Q1 25
$-0.11
$-0.20
Q4 24
$-0.16
$-0.82
Q3 24
$-0.19
$-0.23
Q2 24
$-0.22
$0.29
Q1 24
$-0.26
$-0.49

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BOF
BOF
BRLS
BRLS
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$4.9M
Stockholders' EquityBook value
$5.6M
$-12.9M
Total Assets
$14.5M
$56.3M
Debt / EquityLower = less leverage
0.89×

8-quarter trend — quarters aligned by calendar period.

Total Debt
BOF
BOF
BRLS
BRLS
Q4 25
$4.9M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BOF
BOF
BRLS
BRLS
Q4 25
$5.6M
Q3 25
$5.1M
$-12.9M
Q2 25
$3.5M
$-9.2M
Q1 25
$3.9M
$-4.8M
Q4 24
$2.3M
$-695.9K
Q3 24
$1.5M
$5.1M
Q2 24
$2.0M
$9.9M
Q1 24
$1.7M
$16.2M
Total Assets
BOF
BOF
BRLS
BRLS
Q4 25
$14.5M
Q3 25
$14.7M
$56.3M
Q2 25
$13.2M
$57.3M
Q1 25
$14.1M
$58.4M
Q4 24
$12.9M
$60.0M
Q3 24
$9.6M
$61.9M
Q2 24
$6.7M
$63.6M
Q1 24
$2.7M
$70.3M
Debt / Equity
BOF
BOF
BRLS
BRLS
Q4 25
0.89×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BOF
BOF
BRLS
BRLS
Operating Cash FlowLast quarter
$-1.9M
$-190.6K
Free Cash FlowOCF − Capex
$-2.1M
FCF MarginFCF / Revenue
-52.6%
Capex IntensityCapex / Revenue
4.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-7.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BOF
BOF
BRLS
BRLS
Q4 25
$-1.9M
Q3 25
$-1.1M
$-190.6K
Q2 25
$-2.0M
$-2.2M
Q1 25
$-1.9M
$-1.4M
Q4 24
$-1.6M
$-819.4K
Q3 24
$-1.9M
$-3.3M
Q2 24
$-853.9K
$-4.2M
Q1 24
$-503.6K
$-6.8M
Free Cash Flow
BOF
BOF
BRLS
BRLS
Q4 25
$-2.1M
Q3 25
$-1.2M
Q2 25
$-2.1M
Q1 25
$-2.3M
$-1.4M
Q4 24
$-2.3M
$-951.6K
Q3 24
$-3.4M
$-3.7M
Q2 24
$-1.4M
$-4.7M
Q1 24
$-553.6K
$-7.3M
FCF Margin
BOF
BOF
BRLS
BRLS
Q4 25
-52.6%
Q3 25
-37.4%
Q2 25
-64.5%
Q1 25
-72.2%
-20.3%
Q4 24
-163.6%
-14.1%
Q3 24
-157.9%
-46.1%
Q2 24
-101.3%
-86.7%
Q1 24
-37.7%
-92.7%
Capex Intensity
BOF
BOF
BRLS
BRLS
Q4 25
4.3%
Q3 25
2.6%
Q2 25
3.4%
Q1 25
11.8%
0.2%
Q4 24
51.1%
2.0%
Q3 24
70.8%
5.6%
Q2 24
38.6%
9.4%
Q1 24
3.4%
7.0%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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