Borealis Foods Inc.
About Borealis Foods Inc.
Borealis Foods Inc is a food technology integrator with a mission to address food security challenges through the development and commercialization of tasty, affordable, and sustainable functional foods. Borealis has developed a range of high-quality, affordable, sustainable, and nutritious premium, ready-to-eat meals sold in the United States, Canada, Central America, South America, and Europe. Through the development and launch of its ready-made ramen, featuring 20 grams of complete plant-based protein per serving, Borealis is developing solutions to address food challenges.
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Financial summary
- Revenue FY2025
- $31.5M
- Net income
- -$19.0M
- Total assets
- $52.6M
- Market cap
- $33.7M
- Gross margin
- 11.2%
- Operating margin
- -35.1%
- Net margin
- -60.3%
Source: SEC EDGAR · updated Jun 8, 2026
Revenue & profit trend
Financial statements
Income statement
- Revenue
- $31.5M
- Cost of revenue
- $26.6M
- Gross profit
- $3.5M
- Operating expenses
- $14.5M
- Operating income
- -$11.0M
- Income tax
- -$66.7K
- Net income
- -$19.0M
- EPS (basic)
- $-0.89
- EPS (diluted)
- $-0.89
Balance sheet
- Total assets
- $52.6M
- Current assets
- $8.1M
- Total liabilities
- $71.8M
- Current liabilities
- $69.8M
- Shareholders’ equity
- -$19.2M
Cash flow
- Operating cash flow
- -$6.6M
- Investing cash flow
- -$65.7K
- Financing cash flow
- $6.1M
- Net cash flow
- -$589.1K
Statements via Polygon.io (SEC filings)
15-minute delayed · data by Polygon.io
Past year
52-week range
- Market cap
- $33.7M
- EPS (diluted)
- $-0.89
- Shares outstanding
- 22.3M
- Open
- —
- Day range
- –
- Prev close
- —
- Volume
- —
- IPO date
- Feb 8, 2024
Market data by Polygon.io · prices are 15-minute delayed
At a glance
- Reported a net loss of $19.0M in FY2025.
- Revenue grew 14% from FY2024 to FY2025.
- Gross margin of 11.2%, net margin -60.3%.
- Trading 75% below its 52-week high.
Automatically generated from public filings and market data. Informational only — not investment advice or a recommendation to buy or sell any security.
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