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Borealis Foods (BRLS)

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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.

1.31USD
1.24 USD
+0.10(+8.26%)
Pre-market

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
Market Cap
$28,116,931
Enterprise Value
$53,677,531
P/E
P/B
-1.24
P/S
0.92
EV / EBITDA
-6.36
EV / Sales
1.75
EPS
-0.85
Dividend Yield
0%
P/FCF
P/CF
Free Cash Flow
-$5,368,397
ROE
80.62%
ROA
-35.93%
Debt / Equity
-1.15
Current Ratio
0.09
Quick Ratio
0.05
Cash
0.01
Avg Volume
$1,710,146
Fundamentals Snapshot Price
1.31

Income Statement

Line Item2026 Q12025 Q42025 Q32025 Q22025 Q1
Revenue7.37M8.94M7.1M7.19M6.85M
Cost of revenue6.53M7.89M6.06M6.67M5.95M
Gross profit838.89K1.06M1.04M514.89K899.8K
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 taxes0-80.7K013.99K0
Interest expense-1.45M-1.64M-1.86M-1.23M-1.26M
Other operating expenses000192.5K0
Total operating expenses2.9M3.89M2.97M3.87M3.82M
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 Item2026 Q12025 Q42025 Q32025 Q22025 Q1
Total assets50.95M52.57M56.3M57.27M58.4M
Total liabilities73.65M71.8M69.25M66.45M63.22M
Total equity-22.7M-19.23M-12.95M-9.17M-4.83M
Cash & equivalents479.86K63.86K128.87K206.58K192.54K
Current assets6.82M8.06M9.47M9.93M10.57M
Current liabilities71.85M69.82M64.12M39.42M35.87M
Accounts payable17.36M16.05M14.03M13.99M13.05M
Receivables1.74M2.65M2.57M2.32M1.78M
Inventories3.53M4.58M6M7M7.75M
Goodwill001.92M1.92M1.92M
Long-term debt312.36K489.46K3.67M25.56M25.89M

Cash Flow

Line Item2026 Q12025 Q42025 Q32025 Q22025 Q1
Operating cash flow-122.87K-2.84M-190.57K-2.2M-1.37M
Investing cash flow0-4.41K-32.7K-2.88K-25.74K
Financing cash flow538.87K2.78M145.56K2.21M937.92K
Change in cash416K-65.01K-77.71K14.04K-460.43K
Net income-3.51M-6.41M-3.78M-4.6M-4.19M
KindFilingDateLink
edgar index8-K — Borealis Foods Inc.View Filing
eight k text8-K — 8-KView Filing
edgar index8-K — Borealis Foods Inc.View Filing
eight k text8-K — 8-KView Filing
edgar indexNT 10-Q — Borealis Foods Inc.View Filing
edgar index10-K/A — Borealis Foods Inc.View Filing
edgar indexSCHEDULE 13G/A — Borealis Foods Inc.View Filing
edgar index8-K — Borealis Foods Inc.View Filing
eight k text8-K — 8-KView Filing
edgar index8-K — Borealis Foods Inc.View Filing
edgar index10-Q — Borealis Foods Inc.View Filing
eight k text8-K — 8-KView Filing
edgar index3 — Borealis Foods Inc.View Filing
edgar index3 — Borealis Foods Inc.View Filing
form 3Form 3 — Mynzhanov PavelView Filing
form 3Form 3 — Mynzhanov PavelView Filing
edgar index8-K — Borealis Foods Inc.View Filing
eight k text8-K — 8-KView Filing
edgar index10-K — Borealis Foods Inc.View Filing
edgar indexDEF 14A — Borealis Foods Inc.View Filing
ten k section10-K — businessView Filing
ten k section10-K — mdaView Filing
ten k section10-K — risk_factorsView Filing
edgar indexSCHEDULE 13D/A — Borealis Foods Inc.View Filing
edgar index4 — Borealis Foods Inc.View Filing
edgar index4/A — Borealis Foods Inc.View Filing
edgar index4/A — Borealis Foods Inc.View Filing
edgar index4 — Borealis Foods Inc.View Filing
edgar index4 — Borealis Foods Inc.View Filing
edgar index8-K — Borealis Foods Inc.View Filing
eight k text8-K — 8-KView Filing
edgar index3 — Borealis Foods Inc.View Filing
form 3Form 3 — Ajami AminView Filing
edgar index8-K — Borealis Foods Inc.View Filing
edgar indexNT 10-Q — Borealis Foods Inc.View Filing
eight k text8-K — 8-KView Filing
edgar index8-K — Borealis Foods Inc.View Filing
eight k text8-K — 8-KView Filing
edgar index8-K — Borealis Foods Inc.View Filing
eight k text8-K — 8-KView Filing
edgar index8-K — Borealis Foods Inc.View Filing
eight k text8-K — 8-KView Filing
form 4Form 4 — Oxus Capital PTE. LTD.View Filing
form 4Form 4 — Rakishev KengesView Filing
edgar index8-K — Borealis Foods Inc.View Filing
edgar index8-K — Borealis Foods Inc.View Filing
edgar index4 — Borealis Foods Inc.View Filing
edgar index4 — Borealis Foods Inc.View Filing
edgar index4 — Borealis Foods Inc.View Filing
edgar index3 — Borealis Foods Inc.View Filing
form 3Form 3 — Diachenko SergiiView Filing
edgar index8-K — Borealis Foods Inc.View Filing
edgar indexNT 10-K — Borealis Foods Inc.View Filing
form 4Form 4 — Diachenko SergiiView Filing
form 4Form 4 — Diachenko SergiiView Filing
form 4Form 4 — Diachenko SergiiView Filing
form 4Form 4 — Diachenko SergiiView Filing
edgar index8-K — Borealis Foods Inc.View Filing
form 4Form 4 — Diachenko SergiiView Filing
form 4Form 4 — Diachenko SergiiView Filing
form 4Form 4 — Diachenko SergiiView Filing
edgar indexSCHEDULE 13G — Borealis Foods Inc.View Filing
edgar index8-K — Borealis Foods Inc.View Filing
edgar index8-K — Borealis Foods Inc.View Filing
edgar index8-K — Borealis Foods Inc.View Filing
edgar index8-K/A — Borealis Foods Inc.View Filing
edgar index8-K — Borealis Foods Inc.View Filing
form 4Form 4 — Soltanzadeh RezaView Filing
form 4Form 4 — Zagros Alpine Capital ULCView Filing
form 4Form 4 — Soltanzadeh RezaView Filing
form 4Form 4 — Zagros Alpine Capital ULCView Filing
form 4Form 4 — Helg BarthelemyView Filing
edgar index8-K — Borealis Foods Inc.View Filing
edgar index10-Q — Borealis Foods Inc.View Filing
edgar index8-K — Borealis Foods Inc.View Filing