Borealis Foods Inc.
3.5200+0.25 (+7.65%)
Oct 29, 4:00:00 PM EDT · NasdaqCM · BRLS · USD
Key Stats
Market Cap
75.26MP/E (TTM)
-Basic EPS (TTM)
-0.89Dividend Yield
0%Recent Filings
8-K
Strong Q2 growth and awards
Borealis Foods Inc. reported Q2 2025 net revenue of $7.2 million, up 36% from $5.3 million in Q2 2024, while gross profit rose to $514,888 and SG&A expenses fell 31% to $3.9 million. Chef Woo ramen earned the American Masters of Taste Gold Medal from Chefs in America and Editor's Top Pick from Food & Beverage Magazine, validating its bold flavors and plant-based protein innovation. Higher-margin SKUs are driving demand in retail and foodservice. Risks include supply chain constraints and shifting consumer preferences.
8-K
Nasdaq audit committee notice
Borealis Foods Inc. received a Nasdaq notice on August 29, 2025, flagging noncompliance with audit committee rules after director Kanat Mynzhanov's resignation left it with just two independent members, short of the required three. The company plans to appoint a qualified director to fix this. Nasdaq granted a cure period until the next annual meeting or February 1, 2026. Shares stay listed for now. Noncompliance risks future delisting.
10-Q
Q2 FY2025 results
Borealis Foods posted net revenue of $7.2 million for Q2 FY2025 ended June 30, 2025, up 35% y/y from $5.3 million, while gross profit edged to $0.5 million (7% margin) from $0.4 million (8%). Year-to-date, revenue climbed 6% y/y to $14.0 million with gross profit doubling to $1.4 million (10% margin), fueled by institutional sales hitting $3.9 million from a key client and branded growth in Chef Woo ramen. SG&A expenses plunged 51% y/y to $3.9 million, trimming operating loss to $3.4 million from $5.2 million, though net loss narrowed to $4.6 million ($0.21 per diluted share) versus $6.3 million ($0.29). Cash dipped to $0.2 million amid $3.6 million operating outflow, offset by $3.2 million related-party financing; total debt stands at $31.1 million with $7.6 million line drawn, while free cash flow not disclosed in the 10-Q. Revenue hinges on a handful of customers.
8-K
Chairman loans $980K formalized
Borealis Foods Inc. issued promissory notes totaling $980,000 to its Chairman on August 15, 2025, formalizing advances made from June 5 to August 14 at 10% annual interest, payable on demand with prepayment allowed without penalty. This bridges short-term funding needs while the CEO's $125,000 Q2 salary remains accrued but unpaid since February. Demand notes signal liquidity strain. Default hikes rates to 15%.
8-K
Q1 margins surge to 13%
Borealis Foods reported Q1 2025 gross margins of 13%, up from 3% last year, yielding $900,000 in gross profit versus $242,000 prior. Key partnerships with a major food service firm generated $2 million in sales to K-12 schools and prisons, while SG&A expenses dropped 37% to $3.8 million, narrowing operating losses. These moves pivot toward higher-margin institutional channels. Discussions with financing sources advance.
IPO
Employees
Sector
Industry
ABVE
Above Food Ingredients Inc.
4.22-0.40
ARRT
Artisan Consumer Goods, Inc.
0.17+0.00
BOF
BranchOut Food Inc.
3.04+0.26
BRBR
BellRing Brands, Inc.
30.84-0.75
BSFC
BLUE STAR FOODS CORP.
0.03+0.00
JBS
JBS N.V.
13.02-0.19
NDLS
Noodles & Company
0.72-0.04
NPRFF
NEPRA FOODS INC.
0.09+0.01
ORIS
Oriental Rise Holdings Limited
0.14-0.00
UMEWF
UMeWorld Limited
0.41+0.00