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Borealis Foods(NASDAQ) BRLS

Current Price$0.99
Market Cap$20.07MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2021)-90%
5 YearN/A
1 Year-69%
1 Month-31%
Borealis Foods last closing stock price
MetricPriceDate
Last closeUSD 0.942026-07-24
Borealis Foods stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+9.99%USD 0.852026-07-17
1 month-31.25%USD 1.362026-06-24
3 month+2.74%USD 0.912026-04-24
Year to date-53.25%USD 2.002025-12-31
1 year-69.24%USD 3.042025-07-24
3 year-91.37%USD 10.832023-07-25
Since inception-90.48%USD 9.822021-10-06

Borealis Foods Financials at a Glance

Market Cap

$20.07MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$34.94M

Net Income (TTM)

-$18.30M

EPS (TTM)

-$0.85

P/E Ratio

-1.10

Dividend

$0.00

Beta (Volatility)

0.16 (Low)

Price

$0.99

Volume

846

Open

$0.90

Previous Close

$0.99

Daily Range

$0.84 - $1.04

52-Week Range

$0.60 - $5.02

Estimated Earnings Date

Jun 2, 2026

BRLS News

No articles available.

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About Borealis Foods

Borealis Foods makes plant-based meals like ramen noodles and meat alternatives. These products offer affordable, high-protein options for people seeking vegetarian or sustainable foods. The company’s meals are ready to eat and target both consumers and institutions.

Products and Services

  • Chef Woo: High-protein, plant-based ramen and meat alternatives for health-focused consumers.
  • Ramen Express: Vegetarian ramen noodles aimed at value-conscious shoppers and students.
  • Chef Ramsay: Co-branded premium ramen products for specialty and private label markets.
  • Woodles: Newer brand targeting higher-margin, premium meal categories.
  • Ready-to-eat meals: All products fall under this single business segment, serving retail and institutional clients.

Growth and Expansion

  • Launched Woodles brand in 2025 to target premium meal categories.
  • Entered multi-year co-branding agreement with a global chef in 2023 for private label ramen.
  • Expanded institutional and food service channels in 2024-2025, reducing reliance on mass retail.
  • Broadened international sales to Central America, South America, and Europe since 2023.

What Makes Borealis Foods Stand Out

The company focuses on affordable, plant-based meals using proprietary food technology. It operates a BRC AA+ rated facility, supporting quality and safety standards. Strategic partnerships and a shift to institutional sales help diversify revenue sources.

Five Things You Need to Know

  • Net revenue was $14.0 million in H1 2025, up 6% year-on-year.
  • Gross profit margin improved to 10% in H1 2025 from 5% in H1 2024.
  • Loss from operations was $(6.27) million in H1 2025, improving from $(12.16) million.
  • Cash on hand was $0.21 million as of June 30, 2025.

Bottom Line

Borealis Foods has shifted toward higher-margin, plant-based meals and institutional sales. The company faces ongoing financial and operational challenges as it adapts its business model.

AI Generated • Apr 16, 2026

Industry

Food Products

Sector

Consumer Staples

Employees

140

CEO

Reza Soltanzadeh, MD, EMBA

Website

www.borealisfoods.com

Headquarters

Oakville, ON L6J 7W5, CA

BRLS Financials

Key Financial Metrics (TTM)

Gross Margin

22.30%

Operating Margin

-29.13%

Net Income Margin

-52.38%

Return on Equity

114.30%

Return on Capital

-140.56%

Return on Assets

-35.93%

Earnings Yield

-90.91%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$20.07MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

21.46M

Volume

846

Avg. Volume

271.66K

Financials (TTM)

Gross Profit

$7.79M

Operating Income

-$10.18M

EBITDA

-$10.45M

Operating Cash Flow

-$128.10M

Capital Expenditure

-$43.07K

Free Cash Flow

-$128.14M

Cash & ST Invst.

$479.86K

Total Debt

$26.19M

Borealis Foods Performance Analysis

Borealis Foods annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 0N/A
20232023-12-31USD 29,984,968N/A
20242024-12-31USD 27,668,894-7.7%
20252025-12-31USD 30,079,5718.7%
Borealis Foods sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30-32.6%
Q32025-09-30-1.2%
Q42025-12-3180.7%
Q12026-03-31-39.1%
Borealis Foods annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -0.01-25.8%
20232023-12-31USD -2.5618423.2%
20242024-12-31USD -1.25-51.2%
20252025-12-31USD -0.89-29.0%
Borealis Foods sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30-5.0%
Q32025-09-3014.3%
Q42025-12-31-66.7%
Q12026-03-3146.7%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$7.81M

-26.7%

Gross Profit

$1.28M

-72.8%

Gross Margin

16.44%

N/A

Market Cap

$20.07MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$143.34K

N/A

Employees

140

N/A

Net Income

-$3.51M

+16.1%

EBITDA

-$1.68M

+31.5%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$479.86K

+149.2%

Total Debt

$26.19M

-18.7%

Accounts Receivable

$1.74M

-2.1%

Inventory

$3.53M

-54.4%

Long Term Debt

$423.28K

-98.4%

Short Term Debt

$25.77M

+308.4%

Return on Assets

-35.93%

N/A

Return on Invested Capital

48.71%

N/A

Free Cash Flow

-$122.87M

-8686.9%

Operating Cash Flow

-$122.87M

-8851.7%

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Questions About BRLS

What is the current price of Borealis Foods?

Borealis Foods is trading at $0.99 per share.

What is the 52-week range for Borealis Foods?

Over the past 52 weeks, Borealis Foods has traded between $0.60 and $5.02.

How much debt does Borealis Foods have?

As of the most recent reporting period, Borealis Foods reported total debt of $26.19M.

How much cash does Borealis Foods have on hand?

Borealis Foods reported $479.86K in cash and cash equivalents in its most recent financial results.

What is Borealis Foods’s dividend yield?

Borealis Foods does not currently have a dividend yield.

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