Borealis Foods Inc. (BRLSW) balance sheet

BRLSWNasdaqFood and Kindred ProductsFiscal year ends December 31Also trades as BRLS

Financials through Q1 FY2026, quarter ended Mar 31, 2026Last filing: 10-K/A on Sep 30, 2026Score 2/30

$0.02−0.01 (-29.44%)

Close on Oct 30, 2026Market cap $24.47MP/E –Yield –

Borealis Foods Inc. balance sheet

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash & Equivalents	0.06	0.65	7.62	5.15	1.12
Cash & Short-Term Investments	0.06	0.65	7.62	5.15	1.12
Receivables	2.65	1.97	1.78	–	–
Inventory	4.58	8.05	6.95	–	–
Prepaid Expenses & Other	0.76	1.13	0.85	0.24	0.31
Total Current Assets	8.06	12	17	0.92	1.44
Property, Plant & Equipment	44	46	46	–	–
Gross Property, Plant & Equipment	60	60	58	–	–
Accumulated Depreciation	-16	-14	-11	–	–
Buildings & Improvements	–	10	–	–	–
Machinery & Equipment	–	39	35	–	–
Construction in Progress	–	0.88	–	–	–
Operating Lease Right-of-Use Assets	0.16	0.06	0.11	–	–
Goodwill	–	1.92	1.92	–	–
Intangible Assets	0.30	0.32	0	–	–
Other Long-Term Assets	0.17	0.17	0.17	–	–
Total Assets	53	60	66	179	177
Accounts Payable	16	12	11	–	–
Accrued Expenses	–	–	3.43	0.84	0.24
Current Portion of Leases	0.04	0.06	0.04	–	–
Other Current Liabilities	–	7.83	7.83	–	–
Total Current Liabilities	70	25	67	2.50	0.24
Long-Term Leases	0.12	0.01	0.07	–	–
Operating Lease Liabilities	0.16	0.07	0.11	–	–
Deferred Tax Liabilities	1.38	1.46	1.57	–	–
Other Long-Term Liabilities	–	7.60	0	–	–
Total Liabilities	72	61	87	175	176
Preferred Stock	–	–	10	–	10
Common Stock	–	0	0	0.00	0.00
Additional Paid-In Capital	91	90	44	–	1.71
Retained Earnings	-110	-91	-65	-1.58	-0.41
Shareholders' Equity	-19	-0.70	-21	4.64	1.30
Total Equity	-19	-0.70	-21	4.64	1.30
Total Liabilities & Equity	53	60	66	179	177
Shares Outstanding(shares)	–	21	–	–	–
Deposits	–	–	22	–	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Mar 31, 2026

Profitability, TTM

Gross margin: 10.6%
Operating margin: -31.4%
Net margin: -56.5%
Return on equity, FY2025: 190.5%

Financial strength

Current ratio: 0.09
Debt to equity: –
Debt to assets: –
Cash to current liabilities: 0.7%

Valuation

P/E ratio: –
Price to sales: 0.75
Price to book: –
Dividend yield: –