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NASDAQ · Consumer staples

Borealis Foods Inc. (BRLS)

Borealis Foods Inc. brought in $32M of revenue over the twelve months to March 31, 2026. It posted a net loss of $18.3M. At March 31, 2026 it held $500K in cash. Its latest periodic report to the SEC is the annual report (amended) (10-K/A) filed on July 29, 2026.

Watch BRLS in 60 seconds
Price
$1.39
+3.72% on the day · September 25, 2026
52-week range $0.60 to $5.02
Market cap
$29.8M
Revenue (last 12 months)
$32M
Net margin
-57.1%

What Borealis Foods Inc. does

Borealis Foods Inc. is registered with the SEC under industry code SIC 2000 (Food and Kindred Products). Its shares trade on NASDAQ under the ticker BRLS.

Revenue and profit by year

Revenue
FY23: $31.4M $31.4M FY23FY24: $29.1M $29.1M FY24FY25: $31.5M $31.5M FY25
Net income
FY22: -$302.5K -$302.5K FY22FY23: -$27.5M -$27.5M FY23FY24: -$25.3M -$25.3M FY24FY25: -$19M -$19M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$31.5M-$11M-$19M-$0.89n/a
2024$29.1M-$20.4M-$25.3M-$1.25-$16.7M
2023$31.4M-$19.9M-$27.5M-$2.56-$22.5M
2022n/a-$2.9M-$302.5Kn/an/a

Full financial statements: income, balance sheet and cash flow

Next report expected around September 30, 2026.

Estimated from its filing rhythm: about 92 days after its last report of June 30, 2026, its usual gap. Not a date the company has announced. See the report calendar

Where BRLS ranks in Consumer staples

Revenue$31.5M
#96 of 125 in Consumer staples · Bottom 23%
Revenue growth+8.2%
#36 of 116 in Consumer staples · Top 30%
Net margin-60.3%
#112 of 118 in Consumer staples · Bottom 5%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Consumer staples

Latest SEC filings

What Borealis Foods Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. September 1, 2026
  2. August 26, 2026
  3. August 14, 2026
  4. July 29, 2026
    Annual report (amended) 10-K/A · period to December 31, 2025Revenue rose 8.2% to $31.5M versus the prior year; diluted EPS -$0.89 versus -$1.25.
  5. July 10, 2026
  6. July 8, 2026
  7. June 30, 2026
    Quarterly report 10-Q · period to March 31, 2026Revenue rose 7.7% to $7.8M versus the same quarter last year; diluted EPS -$0.16 versus -$0.20.
  8. June 30, 2026
  9. June 4, 2026
  10. June 2, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on June 26, 2026. Insider transactions on SEC

Insider trades

What the people running Borealis Foods Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.

No insider trades were reported in the last 90 days.

Bought (open market)
$0
last 90 days
Sold
$0
last 90 days
DateInsiderWhatSharesPriceValueFiling
January 12, 2026 Soltanzadeh RezaChief Executive Officer, Director, 10% owner Other changeindirect 500,000 - - Form 4
January 12, 2026 Helg BarthelemyDirector Other change 500,000 - - Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns BRLS

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
Oxus Capital PTE. LTD.13D, may seek influence with 1 related filers 39.09% 13,772,119 May 29, 2026
Alta Partners LLC13G, passive 7.5% 1,743,558 July 10, 2026

Largest institutional holders

No Form 13F positions imported for this company yet.

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

3 insiders reported holding 11,053,038 shares in total, about $15.4M at the last price.

HolderSharesAs of
Oxus Capital PTE. LTD.10% owner 5,302,477 October 9, 2024
Soltanzadeh RezaChief Executive Officer, Director, 10% owner 3,032,5053,032,505 held indirectly January 12, 2026
Helg BarthelemyDirector 2,718,056 January 12, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about BRLS

What does Borealis Foods Inc. do?

Borealis Foods Inc. is registered with the SEC under industry code SIC 2000 (Food and Kindred Products). Its shares trade on NASDAQ under the ticker BRLS.

Is Borealis Foods Inc. profitable?

No. Over the twelve months to March 31, 2026 it reported a net loss of $18.3M on revenue of $32M.

How much revenue does Borealis Foods Inc. make?

Over the twelve months to March 31, 2026 Borealis Foods Inc. reported revenue of $32M.

When did Borealis Foods Inc. last report?

Its most recent periodic report is the annual report (amended) (10-K/A) filed on July 29, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the stock exchange listing notice from September 1, 2026.

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Where the numbers come from

Financial figures are the values Borealis Foods Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.