Borealis Foods (BRLS)
NasdaqMarket Closed
Borealis Foods Inc. is a food technology company focused on affordable, shelf-stable, ready-to-eat and easy-to-prepare meals designed to address nutrition and food security challenges. The company positions its products around three priorities: improving access to nutritious food, keeping meals affordable for consumers and institutions, and reducing environmental impact through plant-based ingredients and scalable production.
Its flagship work centres on upgraded ramen-style meals that are intended to provide more nutrition than conventional instant noodles. Borealis has developed products containing complete plant-based protein, including formulations marketed with 20 grams of protein per serving. By combining familiar formats with enhanced nutritional content, the company seeks to reach consumers who need low-cost, convenient meals without sacrificing protein quality.
Borealis operates in a large and competitive packaged food market that includes traditional food manufacturers, private-label brands, and emerging plant-based nutrition companies. Its differentiation lies in applying food science to a globally recognised staple category, rather than relying only on premium health-food positioning. This approach can make its products relevant for retail consumers, schools, humanitarian channels, government programmes, and other organisations focused on hunger relief or accessible nutrition.
As a public company, Borealis represents exposure to the intersection of consumer staples, food innovation, and sustainability. Its mission-driven strategy depends on expanding distribution, maintaining attractive pricing, and proving that healthier ready meals can be produced at scale. The company’s long-term opportunity is tied to persistent demand for convenient, inexpensive nutrition in both developed and emerging markets.
Last updated
- Market Cap
- $28,116,931
- P/E
- —
- P/FCF
- —
- P/S
- 0.92
- Enterprise Value
- $53,677,531
- Sector
- —
- Industry
- —
- Address
- 1540 CORNWALL RD. #104, OAKVILLE, A6, L6J 7W5
Borealis Foods CEO Highlights Manufacturing Partnerships with Leading Global Food Companies as New Product Rollout Expands in U.S. and Canada
Borealis Foods Announces $17.0 Million Refinancing Transaction with Oxus Capital to Repay Frontwell Facility and Support Operations
Borealis Foods Inc. Receives Expected Notification of Deficiency from Nasdaq Related to Delayed Filing of Annual Report on Form 10-K for Fiscal 2025
- Market Cap
Market cap is the total value of a company's shares, calculated by multiplying the stock price by the number of shares outstanding.
- $28,116,931
- Enterprise Value
Enterprise value is the total value of a company, including its market cap, debt, and cash.
- $53,677,531
- P/E
P/E ratio compares a company's share price to its earnings per share.
- —
- P/B
P/B ratio compares a company's share price to its book value per share.
- -1.24
- P/S
P/S ratio compares a company's share price to its revenue per share.
- 0.92
- EV / EBITDA
EV/EBITDA measures a company's value compared to its earnings before interest, taxes, depreciation, and amortization.
- -6.36
- EV / Sales
EV/Sales measures a company's value compared to its total revenue.
- 1.75
- EPS
- -0.85
- Dividend Yield
Dividend yield shows how much a company pays in dividends each year compared to its share price.
- 0%
- P/FCF
Price-to-free-cash-flow ratio compares a company's share price to the cash it generates after expenses and investments.
- —
- P/CF
P/CF ratio compares a company's share price to the cash flow it generates from its operations.
- —
- Free Cash Flow
Free cash flow is the cash a company has left after covering operating costs and capital expenses.
- -$5,368,397
- ROE
ROE measures how effectively a company uses shareholders' equity to generate profit.
- 80.62%
- ROA
ROA measures how effectively a company uses its assets to generate profit.
- -35.93%
- Debt / Equity
Debt-to-equity ratio compares a company's total debt to its shareholders' equity.
- -1.15
- Current Ratio
Current ratio measures a company's ability to pay short-term debts using its short-term assets.
- 0.09
- Quick Ratio
Quick ratio measures a company's ability to pay short-term debts using cash and other easily available assets.
- 0.05
- Cash
Cash ratio measures a company's ability to cover short-term debts using only cash and cash equivalents.
- 0.01
- Avg Volume
Average volume shows the average number of shares traded over the last 30 trading days, helping indicate liquidity.
- $1,710,146
- Fundamentals Snapshot Price
Fundamentals snapshot price is the stock price used when calculating the company's financial ratios and metrics.
- 1.31
Income Statement
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Revenue | 7.37M | 8.94M | 7.1M | 7.19M | 6.85M |
| Cost of revenue | 6.53M | 7.89M | 6.06M | 6.67M | 5.95M |
| Gross profit | 838.89K | 1.06M | 1.04M | 514.89K | 899.8K |
| Operating income | -2.06M | -2.84M | -1.92M | -3.36M | -2.92M |
| EBITDA | -1.68M | -2.4M | -1.47M | -2.88M | -2.44M |
| Net income | -3.51M | -6.41M | -3.78M | -4.6M | -4.19M |
| Income taxes | 0 | -80.7K | 0 | 13.99K | 0 |
| Interest expense | -1.45M | -1.64M | -1.86M | -1.23M | -1.26M |
| Other operating expenses | 0 | 0 | 0 | 192.5K | 0 |
| Total operating expenses | 2.9M | 3.89M | 2.97M | 3.87M | 3.82M |
| Basic EPS | -0.16 | -0.3 | -0.18 | -0.21 | -0.2 |
| Diluted EPS | -0.16 | -0.3 | -0.18 | -0.21 | -0.2 |
Balance Sheet
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Total assets | 50.95M | 52.57M | 56.3M | 57.27M | 58.4M |
| Total liabilities | 73.65M | 71.8M | 69.25M | 66.45M | 63.22M |
| Total equity | -22.7M | -19.23M | -12.95M | -9.17M | -4.83M |
| Cash & equivalents | 479.86K | 63.86K | 128.87K | 206.58K | 192.54K |
| Current assets | 6.82M | 8.06M | 9.47M | 9.93M | 10.57M |
| Current liabilities | 71.85M | 69.82M | 64.12M | 39.42M | 35.87M |
| Accounts payable | 17.36M | 16.05M | 14.03M | 13.99M | 13.05M |
| Receivables | 1.74M | 2.65M | 2.57M | 2.32M | 1.78M |
| Inventories | 3.53M | 4.58M | 6M | 7M | 7.75M |
| Goodwill | 0 | 0 | 1.92M | 1.92M | 1.92M |
| Long-term debt | 312.36K | 489.46K | 3.67M | 25.56M | 25.89M |
Cash Flow
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Operating cash flow | -122.87K | -2.84M | -190.57K | -2.2M | -1.37M |
| Investing cash flow | 0 | -4.41K | -32.7K | -2.88K | -25.74K |
| Financing cash flow | 538.87K | 2.78M | 145.56K | 2.21M | 937.92K |
| Change in cash | 416K | -65.01K | -77.71K | 14.04K | -460.43K |
| Net income | -3.51M | -6.41M | -3.78M | -4.6M | -4.19M |
| Kind | Filing | Date | Link |
|---|---|---|---|
| edgar index | 8-K — Borealis Foods Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 8-K — Borealis Foods Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | NT 10-Q — Borealis Foods Inc. | View Filing | |
| edgar index | 10-K/A — Borealis Foods Inc. | View Filing | |
| edgar index | SCHEDULE 13G/A — Borealis Foods Inc. | View Filing | |
| edgar index | 8-K — Borealis Foods Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 8-K — Borealis Foods Inc. | View Filing | |
| edgar index | 10-Q — Borealis Foods Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 3 — Borealis Foods Inc. | View Filing | |
| edgar index | 3 — Borealis Foods Inc. | View Filing | |
| form 3 | Form 3 — Mynzhanov Pavel | View Filing | |
| form 3 | Form 3 — Mynzhanov Pavel | View Filing | |
| edgar index | 8-K — Borealis Foods Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 10-K — Borealis Foods Inc. | View Filing | |
| edgar index | DEF 14A — Borealis Foods Inc. | View Filing | |
| ten k section | 10-K — business | View Filing | |
| ten k section | 10-K — mda | View Filing | |
| ten k section | 10-K — risk_factors | View Filing | |
| edgar index | SCHEDULE 13D/A — Borealis Foods Inc. | View Filing | |
| edgar index | 4 — Borealis Foods Inc. | View Filing | |
| edgar index | 4/A — Borealis Foods Inc. | View Filing | |
| edgar index | 4/A — Borealis Foods Inc. | View Filing | |
| edgar index | 4 — Borealis Foods Inc. | View Filing | |
| edgar index | 4 — Borealis Foods Inc. | View Filing | |
| edgar index | 8-K — Borealis Foods Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 3 — Borealis Foods Inc. | View Filing | |
| form 3 | Form 3 — Ajami Amin | View Filing | |
| edgar index | 8-K — Borealis Foods Inc. | View Filing | |
| edgar index | NT 10-Q — Borealis Foods Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 8-K — Borealis Foods Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 8-K — Borealis Foods Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 8-K — Borealis Foods Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| form 4 | Form 4 — Oxus Capital PTE. LTD. | View Filing | |
| form 4 | Form 4 — Rakishev Kenges | View Filing | |
| edgar index | 8-K — Borealis Foods Inc. | View Filing | |
| edgar index | 8-K — Borealis Foods Inc. | View Filing | |
| edgar index | 4 — Borealis Foods Inc. | View Filing | |
| edgar index | 4 — Borealis Foods Inc. | View Filing | |
| edgar index | 4 — Borealis Foods Inc. | View Filing | |
| edgar index | 3 — Borealis Foods Inc. | View Filing | |
| form 3 | Form 3 — Diachenko Sergii | View Filing | |
| edgar index | 8-K — Borealis Foods Inc. | View Filing | |
| edgar index | NT 10-K — Borealis Foods Inc. | View Filing | |
| form 4 | Form 4 — Diachenko Sergii | View Filing | |
| form 4 | Form 4 — Diachenko Sergii | View Filing | |
| form 4 | Form 4 — Diachenko Sergii | View Filing | |
| form 4 | Form 4 — Diachenko Sergii | View Filing | |
| edgar index | 8-K — Borealis Foods Inc. | View Filing | |
| form 4 | Form 4 — Diachenko Sergii | View Filing | |
| form 4 | Form 4 — Diachenko Sergii | View Filing | |
| form 4 | Form 4 — Diachenko Sergii | View Filing | |
| edgar index | SCHEDULE 13G — Borealis Foods Inc. | View Filing | |
| edgar index | 8-K — Borealis Foods Inc. | View Filing | |
| edgar index | 8-K — Borealis Foods Inc. | View Filing | |
| edgar index | 8-K — Borealis Foods Inc. | View Filing | |
| edgar index | 8-K/A — Borealis Foods Inc. | View Filing | |
| edgar index | 8-K — Borealis Foods Inc. | View Filing | |
| form 4 | Form 4 — Soltanzadeh Reza | View Filing | |
| form 4 | Form 4 — Zagros Alpine Capital ULC | View Filing | |
| form 4 | Form 4 — Soltanzadeh Reza | View Filing | |
| form 4 | Form 4 — Zagros Alpine Capital ULC | View Filing | |
| form 4 | Form 4 — Helg Barthelemy | View Filing | |
| edgar index | 8-K — Borealis Foods Inc. | View Filing | |
| edgar index | 10-Q — Borealis Foods Inc. | View Filing | |
| edgar index | 8-K — Borealis Foods Inc. | View Filing |