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10-K

Annual Report

Borealis Foods Inc. BRLS BRLSW

0001213900-26-063777

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Filed
Jun 2, 2026 12:00 AM ET
Period of report
Restated figures. One or more values in this filing restate previously reported amounts.

On SEC.gov

Financials in this filing

Metric Period Value
Shares Outstanding FY 2025 · May 28, 2026 21.46M sh
Shares Diluted FY 2025 · Dec 31, 2025 21.43M sh
Shares Diluted FY 2025 · Dec 31, 2024 20.31M sh
Operating Cash Flow FY 2025 · Dec 31, 2025 −$6.6M
Operating Cash Flow FY 2025 · Dec 31, 2024 −$15.09M
Cash And Equivalents FY 2025 · Dec 31, 2025 $64K
Stockholders Equity FY 2025 · Dec 31, 2025 −$19.23M
Stockholders Equity FY 2025 · Dec 31, 2024 −$695.89K
Stockholders Equity restated FY 2025 · Dec 31, 2023 −$21.35M
Current Liabilities FY 2025 · Dec 31, 2025 $69.82M
Current Liabilities FY 2025 · Dec 31, 2024 $25.41M
Total Liabilities FY 2025 · Dec 31, 2025 $71.8M
Total Liabilities FY 2025 · Dec 31, 2024 $60.7M
Current Assets FY 2025 · Dec 31, 2025 $8.06M
Current Assets FY 2025 · Dec 31, 2024 $11.8M
Total Assets FY 2025 · Dec 31, 2025 $52.57M
Total Assets FY 2025 · Dec 31, 2024 $60.01M
Eps Diluted FY 2025 · Dec 31, 2025 −$0.89
Eps Diluted FY 2025 · Dec 31, 2024 −$1.25
Eps Basic FY 2025 · Dec 31, 2025 −$0.89
Eps Basic FY 2025 · Dec 31, 2024 −$1.25
Sga Expense FY 2025 · Dec 31, 2025 $14.55M
Sga Expense FY 2025 · Dec 31, 2024 $22.59M
Rd Expense FY 2025 · Dec 31, 2025 $202K
Rd Expense FY 2025 · Dec 31, 2024 $197K
Net Income FY 2025 · Dec 31, 2025 −$18.98M
Net Income FY 2025 · Dec 31, 2024 −$25.33M
Operating Income FY 2025 · Dec 31, 2025 −$11.04M
Operating Income FY 2025 · Dec 31, 2024 −$20.4M
Gross Profit FY 2025 · Dec 31, 2025 $3.51M
Gross Profit FY 2025 · Dec 31, 2024 $2.19M