BRLS · XBRL financial data
Borealis Foods financial statements, every fiscal year
The same tables from 7 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (BRLS's year ends in late December)
| In thousands of dollars | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|
| Revenue | — | — | 29,985 | 27,669 | 31,476 |
| Revenue from contracts with customers | — | — | 31,377 | 29,100 | — |
| Cost of goods and services sold | — | — | 31,289 | 25,479 | 26,568 |
| Gross profit | 172,500 | 175,950 | (1,304) | 2,190 | 3,511 |
| Research and development | — | — | 460 | 197 | 202 |
| Selling, general and administrative | — | — | 18,645 | 22,594 | 14,547 |
| Operating income (loss) | — | (2,887) | (5,131) | (20,405) | (11,036) |
| Interest income | — | 4 | 5 | — | — |
| Interest expense | — | — | 7,277 | 5,061 | 5,986 |
| Other income (expense) | — | — | — | (5,057) | (8,009) |
| Income tax expense (benefit) | — | — | 0 | (135) | (67) |
| Net income (loss) | — | (303) | (2,941) | (25,327) | (18,979) |
| Earnings per share, basic USD per share | — | — | (2.56) | (1.25) | (0.89) |
| Earnings per share, diluted USD per share | — | — | (2.56) | (1.25) | (0.89) |
| Weighted average shares, basic thousands of shares | — | — | 10,750 | 20,310 | 21,429 |
| Weighted average shares, diluted thousands of shares | — | — | 10,750 | 20,310 | 21,429 |
Balance sheet
CSVFiscal years (BRLS's year ends in late December)
| In thousands of dollars | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|
| Cash and cash equivalents | 1,123 | 681 | 93 | 653 | 64 |
| Accounts receivable | — | — | 1,776 | 1,966 | 2,648 |
| Inventory | — | — | 6,945 | 8,046 | 4,583 |
| Prepaid and other current assets | — | — | 846 | 1,135 | 761 |
| Total current assets | 1,436 | 917 | 123 | 11,800 | 8,055 |
| Property and equipment, net | — | — | 46,409 | 45,736 | 43,892 |
| Right-of-use asset | — | — | 108 | 64 | 158 |
| Goodwill | — | — | 1,917 | 1,917 | — |
| Total assets | 177,486 | 179,450 | 22,044 | 60,006 | 52,573 |
| Accrued liabilities | 235 | 843 | 3,432 | — | — |
| Total current liabilities | 235 | 2,501 | 7,487 | 25,406 | 69,817 |
| Total deposits | — | — | 21,920 | — | — |
| Lease liability, non-current | — | — | 71 | 12 | 119 |
| Total liabilities | — | — | 87,134 | 60,702 | 71,804 |
| Accumulated deficit | (408) | (1,585) | (7,365) | (90,793) | (109,771) |
| Total stockholders' equity | 1,301 | (1,584) | (7,365) | (696) | (19,231) |
| Total liabilities and equity | 177,486 | 179,450 | 22,044 | 60,006 | 52,573 |
| Common shares outstanding (cover page) thousands of shares | — | — | 21,379 | 21,379 | 21,463 |
Cash flows
CSVFiscal years (BRLS's year ends in late December)
| In thousands of dollars | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|
| Net income (loss) | — | (303) | (2,941) | (25,327) | (18,979) |
| Stock-based compensation | — | — | 492 | 1,273 | — |
| Depreciation and amortization | — | — | 3,937 | 2,324 | 1,841 |
| Net cash from operating activities | — | (2,106) | (2,339) | (15,090) | (6,599) |
| Purchases of property and equipment | — | — | 4,466 | 1,651 | — |
| Net cash from investing activities | — | — | 158,813 | (1,907) | (66) |
| Share repurchases | — | — | 159,450 | — | — |
| Net cash from financing activities | — | 1,663 | (157,062) | 10,034 | 6,075 |
| Net change in cash | — | — | 2,469 | (6,963) | — |
Compare with peers
SIC 2000 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 2000 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Runway shows only for companies burning cash with under $10B of public float.
- * marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.
| Company | Cash ($K) | Revenue, quarter ($K) | Operating cash flow, quarter ($K) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| Borealis Foods | 500 | 7,782 | (123) | 21.5M | 4.1 quarters | 10-QMar 31, 2026 |
| BranchOut Food | 0 | 4,458 | (2,788)* | 15.3M | — | 10-QJun 30, 2026 |
| Laird Superfood | 22,969 | 41,294 | 1,451* | 11.2M | — | 10-QJun 30, 2026 |
| Goldenwell Biotech | 11 | 0 | (47)* | 99.0M | 0.2 quarters | 10-QJun 30, 2026 |
| Hain Celestial Group | 58,078 | 263,069* | 11,443* | 91.0M | — | 10-KJun 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.