Latest revenue
$7.1M
as of 2025-09-30
Latest net income
$-3.8M
as of 2025-09-30
Net margin
-53.2%
as of 2025-09-30
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $30.7M
- Enterprise value
- $30.7M
- P/E (trailing)
- —
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 0.0%
- 52-wk high
- $7.05
- 52-wk low
- $0.60
- Beta
- —
- Shares out
- 21.5M
5-year trend
What this company does
Item 1. Business. Overview The following discussion reflects the business of Borealis Foods, as currently embodied by Borealis Foods. Borealis Foods is a food technology company that has developed high-quality, affordable, sustainable, and nutritious ready-to-eat meals. We are a mission-driven company committed to utilizing our products to help solve the national and global food security and nutrition challenges. Our commitment to nutrition, affordability, and sustainability reflects our goal of positively impacting both human life and the planet. Food and nutritional insecurity impact an estimated 821 million people across the globe, according to the World Health Organization. Food…
AI summary unavailable — showing raw filing excerpt
Generated from BRLS's filing dated 2024-04-15
Key risks
Item 1.A. Risk Factors. You should consider carefully the risks and uncertainties described below, together with all of the other information contained in this Annual Report. If any of the following events occur, our business, financial condition and operating results may be materially adversely affected. In that event, the trading price of our securities could decline, and you could lose all or part of your investment. The risks and uncertainties described below are not the only ones we face. Additional risks and uncertainties that we are unaware of, or that we currently believe are not material, may also become important factors that adversely affect our business or results of operations.…
AI summary unavailable — showing raw filing excerpt
Generated from BRLS's filing dated 2024-04-15
Profitability
Gross margin
7.5%
281.1%Operating margin
-70.1%
10.3%Net margin
-87.5%
1.3%Return on equity
3658.9%
868.8%Return on assets
-42.4%
66.4%Leverage
Debt / equity
-87.23×
2084.4%Long-term debt / equity
-20.81×
1034.2%Debt / assets
101.2%
24.2%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q3 2025 2025-09-30 | $7.1M | -7.6% | $-3.8M | +21.7% | -53.2% |
Q2 2025 2025-06-30 | $7.2M | +35.0% | $-4.6M | +26.8% | -64.0% |
Q1 2025 2025-03-31 | $6.8M | -13.3% | $-4.2M | +50.3% | -61.2% |
Q4 2024 2024-12-31 | $8.2M | — | $-5.9M | — | -72.2% |
Q3 2024 2024-09-30 | $7.7M | -0.5% | $-4.8M | -424.5% | -62.8% |
Q2 2024 2024-06-30 | $5.3M | -17.4% | $-6.3M | -1289.6% | -118.0% |
Q1 2024 2024-03-31 | $7.9M | — | $-8.4M | — | -106.8% |
Q3 2023 2023-09-30 | $7.7M | — | $-921.1K | — | -11.9% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Food and Kindred Products · SIC 2000
Your notes
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Insider activity
Insider buying
$4.2K
Insider selling
$0
Net activity
+$4.2K
Distinct insiders
1
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns BRLS
Institutional value
$654
Total shares held
243
Distinct holders
1
+0 vs prior
As of
2025-09-30
Prior: 2025-06-30
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | WOLVERINE ASSET MANAGEMENT LLC | 243 | $654 | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
Coming once BRLS's latest filing finishes processing.