Borealis Foods Inc.

Name: Borealis Foods Inc. standardized financial statements, quarterly
Creator: Listed

BRLSNasdaqCIK 1852973Consumer staplesFiscal year ends Dec 31

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Standardized line items from XBRL company facts, the last twelve quarters. Negative values are in parentheses. A figure marked d is derived from year-to-date figures.

Income statement

Revenue$7.8m, Q1 FY2026

Operating income−$2.1m, Q1 FY2026

Net income−$3.5m, Q1 FY2026

Borealis Foods Inc., income statement, quarterly
Line item	Unit	Q2 FY20232023-06-30	Q3 FY20232023-09-30	Q4 FY20232023-12-31	Q1 FY20242024-03-31	Q2 FY20242024-06-30	Q3 FY20242024-09-30	Q4 FY20242024-12-31	Q1 FY20252025-03-31	Q2 FY20252025-06-30	Q3 FY20252025-09-30	Q4 FY20252025-12-31	Q1 FY20262026-03-31
Revenue	$m	6.8	8.3	7.5	7.9	5.5	8.1	7.1	7.2	7.2	7.1	10.3	7.8
Cost of revenue	$m	7.5	8.2	6.9	7.7	4.9	6.4	6.5	5.9	6.7	6.1	7.9	6.5
Gross profit	$m	(1.0)	(0.5)	0.6	0.2	0.4	1.3	0.3	0.9	0.5	1.0	1.1	0.8
Research and development	$m	0.0	0.0	0.0	0.0	0.1	0.1	0.1	0.1	0.1	0.1	0.0	0.1
Selling, general and administrative	$m	5.4	3.9	5.1	7.2	5.6	4.9	4.9	3.8	3.9	3.0	3.9	2.9
Operating income	$m	(6.4)	(4.4)	(4.5)	(7.0)	(5.2)	(3.6)	(4.6)	(2.9)	(3.4)	(1.9)	(2.8)	(2.1)
Interest expense	$m	1.8	2.2	1.7	1.5	1.1	1.2	1.3	1.3	1.2	1.9	1.6	1.5
Income tax	$m	0.0	0.0	(0.4)	not reported	0.0	0.0	(0.1)	not reported	0.0	0.0	(0.1)	not reported
Net income	$m	(8.3)	(6.6)	(27.5)	(8.4)	(6.3)	(4.8)	(25.3)	(4.2)	(4.6)	(3.8)	(6.4)	(3.5)
Diluted EPS	$ per share	(0.77)	(0.61)	(2.56)	(0.49)	0.29	(0.23)	(1.25)	(0.20)	0.21	(0.18)	not reported	(0.16)
Basic EPS	$ per share	(0.77)	(0.61)	(2.56)	(0.49)	0.29	(0.23)	(1.25)	(0.20)	0.21	(0.18)	not reported	(0.16)

Balance sheet

Cash and equivalents$500.0k, Q1 FY2026

Shareholders' equity−$22.7m, Q1 FY2026

Borealis Foods Inc., balance sheet, quarterly
Line item	Unit	Q2 FY20232023-06-30	Q3 FY20232023-09-30	FY20232023-12-31	Q1 FY20242024-03-31	Q2 FY20242024-06-30	Q3 FY20242024-09-30	FY20242024-12-31	Q1 FY20252025-03-31	Q2 FY20252025-06-30	Q3 FY20252025-09-30	FY20252025-12-31	Q1 FY20262026-03-31
Cash and equivalents	$m	not reported	0.1	7.6	8.2	3.1	0.7	0.7	0.2	0.2	0.1	0.1	0.5
Current assets	$m	0.0	0.1	17.2	22.2	15.1	13.4	11.8	10.6	9.9	9.5	8.1	6.8
Total assets	$m	21.1	21.6	65.8	70.3	63.6	61.9	60.0	58.4	57.3	56.3	52.6	50.9
Current liabilities	$m	4.7	6.1	67.3	28.8	28.7	30.3	25.4	35.9	39.4	64.1	69.8	71.8
Total liabilities	$m	not reported	not reported	87.1	54.1	53.7	56.8	60.7	63.2	66.4	69.2	71.8	73.6
Shareholders' equity	$m	(9.3)	(14.8)	(21.3)	16.2	9.9	5.1	(0.7)	(4.8)	(9.2)	(12.9)	(19.2)	(22.7)

Cash flow

Operating cash flow−$122.9k, Q1 FY2026

Capital expenditure$16.2k, Q1 FY2025

Borealis Foods Inc., cash flow, quarterly
Line item	Unit	Q2 FY20232023-06-30	Q3 FY20232023-09-30	Q4 FY20232023-12-31	Q1 FY20242024-03-31	Q2 FY20242024-06-30	Q3 FY20242024-09-30	Q4 FY20242024-12-31	Q1 FY20252025-03-31	Q2 FY20252025-06-30	Q3 FY20252025-09-30	Q4 FY20252025-12-31	Q1 FY20262026-03-31
Operating cash flow	$k	(5,295)	(4,846)	(1,950)	(6,769)	(4,234)	(3,267)	(819)	(1,373)	(2,197)	(191)	(2,839)	(123)
Capital expenditure	$k	1,933	662	950	551	514	454	132	16.2	not reported	not reported	not reported	not reported

Diluted shares (weighted)21.43m, Q1 FY2026

Borealis Foods Inc., shares, quarterly
Line item	Unit	Q1 FY20232023-03-31	Q2 FY20232023-06-30	Q3 FY20232023-09-30	Q4 FY20232023-12-31	Q1 FY20242024-03-31	Q2 FY20242024-06-30	Q3 FY20242024-09-30	Q4 FY20242024-12-31	Q1 FY20252025-03-31	Q2 FY20252025-06-30	Q3 FY20252025-09-30	Q1 FY20262026-03-31
Diluted shares (weighted)	m shares	10.7	10.7	10.7	10.8	17.1	21.4	21.4	20.3	21.4	21.4	21.5	21.4

Shares outstanding: 21.46m at Sep 30, 2026, from the cover of the 10-K/A filed Sep 30, 2026.

Source: SEC EDGAR, XBRL company facts. Last ingested by Listed: Oct 24, 2026, 15:49 ET. Listed shows no prices and gives no investment advice.