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10-Q

Quarterly Report

Borealis Foods Inc. BRLS BRLSW

0001213900-25-112699

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Filed
Nov 19, 2025 12:00 AM ET
Period of report

On SEC.gov

Financials in this filing

Metric Period Value
Shares Outstanding Q3 2025 · Nov 19, 2025 21.46M sh
Shares Diluted Q3 2025 · Sep 30, 2025 21.46M sh
Shares Diluted Q3 2025 · Sep 30, 2025 21.42M sh
Shares Diluted Q3 2025 · Sep 30, 2024 21.38M sh
Shares Diluted Q3 2025 · Sep 30, 2024 19.95M sh
Operating Cash Flow Q3 2025 · Sep 30, 2025 −$3.76M
Operating Cash Flow Q3 2025 · Sep 30, 2024 −$14.27M
Stockholders Equity Q3 2025 · Sep 30, 2025 −$12.95M
Stockholders Equity Q3 2025 · Jun 30, 2025 −$9.17M
Stockholders Equity Q3 2025 · Mar 31, 2025 −$4.83M
Stockholders Equity Q3 2025 · Dec 31, 2024 −$695.89K
Stockholders Equity Q3 2025 · Sep 30, 2024 $5.07M
Stockholders Equity Q3 2025 · Jun 30, 2024 $9.9M
Stockholders Equity Q3 2025 · Mar 31, 2024 $16.2M
Stockholders Equity Q3 2025 · Dec 31, 2023 −$21.35M
Current Liabilities Q3 2025 · Sep 30, 2025 $64.12M
Current Liabilities Q3 2025 · Dec 31, 2024 $25.41M
Total Liabilities Q3 2025 · Sep 30, 2025 $69.25M
Total Liabilities Q3 2025 · Dec 31, 2024 $60.7M
Current Assets Q3 2025 · Sep 30, 2025 $9.47M
Current Assets Q3 2025 · Dec 31, 2024 $11.8M
Total Assets Q3 2025 · Sep 30, 2025 $56.3M
Total Assets Q3 2025 · Dec 31, 2024 $60.01M
Eps Diluted Q3 2025 · Sep 30, 2025 −$0.18
Eps Diluted Q3 2025 · Sep 30, 2025 −$0.59
Eps Diluted Q3 2025 · Sep 30, 2024 −$0.23
Eps Diluted Q3 2025 · Sep 30, 2024 −$0.98
Eps Basic Q3 2025 · Sep 30, 2025 −$0.18
Eps Basic Q3 2025 · Sep 30, 2025 −$0.59
Eps Basic Q3 2025 · Sep 30, 2024 −$0.23
Eps Basic Q3 2025 · Sep 30, 2024 −$0.98
Sga Expense Q3 2025 · Sep 30, 2025 $2.97M
Sga Expense Q3 2025 · Sep 30, 2025 $10.65M
Sga Expense Q3 2025 · Sep 30, 2024 $4.89M
Sga Expense Q3 2025 · Sep 30, 2024 $17.72M
Rd Expense Q3 2025 · Sep 30, 2025 $52K
Rd Expense Q3 2025 · Sep 30, 2025 $156K
Rd Expense Q3 2025 · Sep 30, 2024 $56K
Rd Expense Q3 2025 · Sep 30, 2024 $142K
Net Income Q3 2025 · Sep 30, 2025 −$3.78M
Net Income Q3 2025 · Sep 30, 2025 −$12.57M
Net Income Q3 2025 · Jun 30, 2025 −$4.6M
Net Income Q3 2025 · Mar 31, 2025 −$4.19M
Net Income Q3 2025 · Sep 30, 2024 −$4.83M
Net Income Q3 2025 · Sep 30, 2024 −$19.56M
Net Income Q3 2025 · Jun 30, 2024 −$6.3M
Net Income Q3 2025 · Mar 31, 2024 −$8.43M
Operating Income Q3 2025 · Sep 30, 2025 −$1.92M
Operating Income Q3 2025 · Sep 30, 2025 −$8.2M
Operating Income Q3 2025 · Sep 30, 2024 −$3.62M
Operating Income Q3 2025 · Sep 30, 2024 −$15.78M
Gross Profit Q3 2025 · Sep 30, 2025 $1.04M
Gross Profit Q3 2025 · Sep 30, 2025 $2.46M
Gross Profit Q3 2025 · Sep 30, 2024 $1.27M
Gross Profit Q3 2025 · Sep 30, 2024 $1.94M
Cost Of Revenue Q3 2025 · Sep 30, 2025 $6.06M
Cost Of Revenue Q3 2025 · Sep 30, 2025 $18.68M
Cost Of Revenue Q3 2025 · Sep 30, 2024 $6.41M
Cost Of Revenue Q3 2025 · Sep 30, 2024 $18.97M