SequelSEC

Borealis Foods Inc. BRLS

Food and Kindred Products · CIK 0001852973 · Fiscal year ends 1231

Revenue
$32.41M
Fiscal year ended 2026-03-31
Operating income
-$10.18M
Fiscal year ended 2026-03-31
Free cash flow
Unavailable
Fiscal year ended 2026-03-31

Valuation, from the filing

Public float$31.12MMarket value of stock held by non-affiliates, as stated on the cover page for 2026-05-28
Float per share$1.45Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself.

Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2026-05-28, not today.

How this compares in its industry

Percentile among the Food and Kindred Products filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.

MeasureReportedPercentile
Current ratio0.12x0th
Gross margin11.2%8th
Net margin-60.3%14th
Operating margin-35.1%23th
Revenue YoY growth8.2%64th
R&D / revenue0.6%50th

Borealis Foods Inc. (BRLS) reported revenue of $32.41M and net income of -$18.30M for the fiscal year ended 2026-03-31. This page shows 1 annual period of income statement, balance sheet and cash flow figures normalized from Borealis Foods Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Food and Kindred Products.

Income

Borealis Foods Inc. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-03-31
Revenue$32.41M
Cost of revenueUnavailable
Gross profitUnavailable
Operating income-$10.18M
Net income-$18.30M
Research & development$200.00K
Weighted-average diluted sharesUnavailable
Pretax income-$18.37M
Income tax expenseUnavailable
Diluted EPSUnavailable
Selling, general & administrative$13.63M
General & administrativeUnavailable
Selling & marketingUnavailable

Balance

Borealis Foods Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-03-31
Cash & equivalents$500.00K
Total assets$50.95M
Current assets$6.82M
Total liabilities$73.65M
Current liabilities$71.85M
Total equity incl. NCI-$22.70M
Temporary (mezzanine) equityUnavailable
Inventory$3.53M
Accounts receivable$1.74M
GoodwillUnavailable
Long-term debtUnavailable
Accounts payableUnavailable

Cash flow

Borealis Foods Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-03-31
Operating cash flow-$5.35M
Capital expendituresUnavailable
Investing cash flowUnavailable
Financing cash flow$5.68M
Net change in cashUnavailable
Stock-based compensationUnavailable
Common dividends paidUnavailable
Common share repurchasesUnavailable
Depreciation & amortization$2.70M

Derived

Borealis Foods Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-03-31
Free cash flowUnavailable
Gross marginUnavailable
Operating margin-31.4%
FCF marginUnavailable
SBC / revenueUnavailable
Current ratio0.09x
Revenue YoY growth14.0%
Net margin-56.5%
R&D / revenue0.6%
CapEx / revenueUnavailable
Long-term debt / equityUnavailable
Effective tax rateUnavailable

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open BRLS in the interactive workspace to inspect any figure back to its filing.

Source filings

10-K/A · Filed 2026-09-30View SEC filing
10-Q · Filed 2026-06-30View SEC filing
10-K · Filed 2026-06-02View SEC filing
10-Q · Filed 2025-11-19View SEC filing
10-Q · Filed 2025-08-19View SEC filing
10-Q · Filed 2025-05-20View SEC filing

Companies in the same industry

Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.