Borealis Foods Inc. (BRLSW)
Sector: Food and Kindred Products
Borealis Foods Inc.
+0.94%$0.0214
Mkt Cap$459K
Float5.48M
O/S21.46M
Inst Own-
SI0.6%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$44.63M
Net Income-$18.98M
Total Assets$52.57M
Free Cash Flow-$6.67M
Debt & Equity
Debt 345%
Total Debt$27.08M
Total Equity-$19.23M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in BRLSW's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$52.57M
Liabilities$71.8M
Accounts Receivable$2.65M
Accounts Payable$16.05M
Inventory$4.58M
PP&E (Net)$44.05M
Goodwill$0
Intangible Assets$298K
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Revenue | $44.63M | $50.26M | $5.13M | $25.59M | $23.63M |
| YoY Growth | -11.2% | 879.6% | -79.9% | 8.3% | - |
| Cost of Revenue | $26.57M | $25.48M | $0 | $33.66M | $13.85M |
| Gross Profit | $18.06M | $24.78M | $5.13M | -$8.07M | $9.78M |
| Gross Margin | 40.5% | 49.3% | 100.0% | -31.5% | 41.4% |
| Research and Development | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $29.09M | $45.19M | $10.26M | $14.99M | $19.99M |
| Other | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $29.09M | $45.19M | $10.26M | $14.99M | $19.99M |
| Operating Income (EBIT) | -$11.04M | -$20.4M | -$5.13M | -$23.06M | -$10.21M |
| Operating Margin | -24.7% | -40.6% | -100.0% | -90.1% | -43.2% |
| Interest Expense | $5.99M | $5.06M | $0 | $0 | $265K |
| Interest Income | $0 | $0 | $5K | $4K | $0 |
| Other Income (Expense) | -$37.1M | -$50.25M | -$8.07M | -$3.16M | -$19.88M |
| Income Before Tax (EBT) | -$48.14M | -$70.65M | -$13.2M | -$26.23M | -$30.09M |
| Income Tax Expense | -$29.16M | -$45.32M | -$10.26M | -$25.92M | -$19.97M |
| Net Income | -$18.98M | -$25.33M | -$2.94M | -$303K | -$10.12M |
| Net Income Margin | -42.5% | -50.4% | -57.3% | -1.2% | -42.8% |
| Supplementary Data | |||||
| EPS | -0.89 | -1.25 | -0.15 | -1.20 | -0.46 |
| Diluted EPS | -0.89 | -1.25 | -0.15 | -1.20 | -0.46 |
| Weighted Average OS | 21.43M | 20.31M | 19.47M | 21.86M | 21.86M |
| EBITDA | -$11.22M | -$18.08M | $995K | $565K | -$7.74M |
| EBITDA Margin | -25.1% | -36.0% | 19.4% | 2.2% | -32.8% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Assets | |||||
| Current Assets | |||||
| Cash and Cash Equivalents | $64K | $653K | $7.62M | $681K | $1.12M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $64K | $653K | $7.62M | $681K | $1.12M |
| Accounts Receivable | $2.65M | $1.97M | $1.78M | $0 | $0 |
| Inventory | $4.58M | $8.05M | $6.95M | $0 | $0 |
| Other Current Assets | $761K | $0 | $0 | $0 | $0 |
| Total Current Assets | $8.06M | $11.8M | $17.18M | $917K | $1.44M |
| Long-Term Assets | |||||
| Property, Plant & Equipment Net | $44.05M | $45.8M | $46.52M | $0 | $0 |
| Goodwill | $0 | $1.92M | $1.92M | $0 | $0 |
| Intangible Assets | $298K | $319K | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $178.53M | $175.95M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $170K | $170K | $170K | $171K | $96K |
| Total Long-Term Assets | $44.52M | $48.21M | $48.6M | $178.7M | $176.05M |
| Other Assets | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $52.57M | $60.01M | $65.79M | $179.62M | $177.49M |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | $16.05M | $11.53M | $10.89M | $0 | $0 |
| Short-Term Debt | $25.79M | $5.46M | $48.59M | $1.5M | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $7.83M | $1M | $235K |
| Total Current Liabilities | $69.82M | $25.41M | $67.3M | $2.5M | $235K |
| Long-Term Liabilities | |||||
| Long-Term Debt | $0 | $25.08M | $16.51M | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $1.38M | $1.46M | $1.57M | $0 | $0 |
| Other Long-Term Liabilities | $0 | $7.6M | $0 | $0 | $0 |
| Total Long-Term Liabilities | $1.99M | $35.3M | $19.83M | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $71.8M | $60.7M | $87.13M | $2.5M | $235K |
| Stockholders' Equity | |||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $0 | $0 | $461 | $461 | $461 |
| Retained Earnings | -$109.77M | -$90.79M | -$65.47M | -$1.58M | -$408K |
| Comprehensive Income & Other | $0 | $0 | $0 | $178.53M | $175.95M |
| Other Stockholders' Equity | $90.54M | $90.1M | $44.12M | $178.53M | $177.66M |
| Total Equity | -$19.23M | -$696K | -$21.35M | $176.95M | $177.25M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $52.57M | $60.01M | $65.79M | $179.45M | $177.49M |
| Supplementary Data | |||||
| Total Debt | $27.08M | $32.28M | $66.85M | $1.5M | $0 |
| Net Debt | $27.02M | $31.63M | $59.24M | $819K | -$1.12M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Operating Activities | |||||
| Net Income | -$18.98M | -$25.33M | -$27.48M | -$303K | -$10.12M |
| Depreciation & Amortization | $1.84M | $2.32M | $3.94M | $3.45M | $2.1M |
| Deferred Income Tax | -$81K | -$106K | -$351K | $0 | $0 |
| Stock-Based Compensation | $444K | $1.27M | $492K | $514K | $0 |
| Changes in Working Capital: | |||||
| Accounts Receivable | -$665K | -$213K | $706K | -$1.57M | -$766K |
| Inventory | $4.18M | -$1.8M | -$649K | $421K | -$3.45M |
| Accounts Payable | $0 | $8.02M | $0 | $0 | $0 |
| Other Working Capital | $4.89M | $7.73M | $3.16M | $1.93M | $5.02M |
| Total Working Capital Change | $8.4M | $13.73M | $3.21M | $777K | $805K |
| Other Non-Cash Items | $1.77M | $1.04M | $2.18M | -$6.55M | $434K |
| Net Cash from Operating | -$6.6M | -$7.07M | -$18.01M | -$2.11M | -$6.78M |
| Investing Activities | |||||
| Capital Expenditures | -$69K | -$1.65M | -$4.47M | $0 | -$21.21M |
| Acquisitions | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | -$637K | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $3K | -$256K | $637K | $0 | $0 |
| Net Cash from Investing | -$66K | -$1.91M | -$4.47M | $0 | -$21.21M |
| Financing Activities | |||||
| Debt Repaid | $5.79M | -$10.03M | -$26.37M | - | -$10.61M |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $18.65M |
| Common Stock Repurchases | $0 | $0 | -$159.45M | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $11.87M | -$566K | $158.02M | $163K | -$1.74M |
| Net Cash from Financing | $6.08M | $9.47M | $24.94M | $1.66M | $27.52M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$589K | $491K | $2.47M | -$443K | -$468K |
| Supplementary Data | |||||
| Operating Cash Flow | -$6.6M | -$7.07M | -$18.01M | -$2.11M | -$6.78M |
| Capital Expenditure | -$69K | -$1.97M | -$4.47M | -$3.38M | -$21.21M |
| Free Cash Flow | -$6.67M | -$9.04M | -$22.47M | -$5.49M | -$27.99M |
| Cash at Beginning | $653K | $7.62M | $5.15M | $1.12M | $3.37M |
| Cash at End | $64K | $8.11M | $7.62M | $681K | $2.91M |