Complete Filing Data
Borealis Foods Inc. reported Stockholders Equity of $4.64 million for FY2022.
All values from 10-K, 20-F, and 10-Q filings on SEC EDGAR, organized by financial statement. Scroll each table horizontally for the full history. Blank cells mean Borealis Foods Inc. did not report that metric for that period in XBRL — often because accounting standards changed which tag a company files under (for example, most companies moved revenue to the ASC-606 tag in 2018), so a metric may continue in a different row. Rows marked * merge those successor tags into one continuous series, preferring the audited value from the newest-standard tag where periods overlap.
Income Statement
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Net Income * | -$25.3M | -$27.5M | -$302.5K | -$407.6K |
| Cost of Revenue * | $25.5M | $31.3M | ||
| Revenue * | $29.1M | $31.4M | ||
| Operating Income Loss | -$20.4M | -$19.9M | -$2.9M | -$428.4K |
| Selling General And Administrative Expense | $22.6M | $18.6M | ||
| Gross Profit | $2.2M | -$1.3M | ||
| Income Tax Expense Benefit | -$134.9K | -$336.0K | ||
| Other Nonoperating Income Expense | ||||
| Deferred Income Tax Liabilities Net | $1.6M | |||
| Interest Expense | ||||
| Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 | Q1 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income * | -$3.8M | -$4.6M | -$4.2M | -$4.8M | -$6.3M | -$8.4M | -$6.6M | -$8.3M | -$5.9M | -$227.3K | -$287.5K | -$551.2K | -$7.3K | -$18.7K | |
| Cost of Revenue * | $6.1M | $6.7M | $5.9M | $6.4M | $4.9M | $7.7M | $8.2M | $7.5M | $8.7M | ||||||
| Revenue * | $7.4M | $7.6M | $7.2M | $8.1M | $5.5M | $8.5M | $8.3M | $6.8M | $8.8M | ||||||
| Operating Income Loss | -$1.9M | -$3.4M | -$2.9M | -$3.6M | -$5.2M | -$7.0M | -$4.4M | -$6.4M | -$4.6M | -$1.0M | -$537.4K | -$565.5K | -$7.9K | -$18.7K | |
| Selling General And Administrative Expense | $3.0M | $3.9M | $3.8M | $4.9M | $5.6M | $7.2M | $3.9M | $5.4M | $4.2M | ||||||
| Gross Profit | $1.0M | $514.9K | $899.8K | $1.3M | $422.3K | $242.6K | -$476.8K | -$1.0M | -$344.5K | ||||||
| Income Tax Expense Benefit | $14.0K | $832.00 | $14.1K | $0.00 | $15.2K | -$124.00 | |||||||||
| Other Nonoperating Income Expense | -$1.9M | -$1.2M | -$1.3M | -$1.2M | -$1.1M | -$1.5M | $4.3K | -$1.4M | |||||||
| Deferred Income Tax Liabilities Net | $1.5M | $1.5M | $1.5M | $1.5M | $1.6M | $1.6M | $1.6M | ||||||||
| Interest Expense | $1.9M | $1.2M | $1.3M | $1.2M | $1.1M | $1.5M | $1.5M | ||||||||
| Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest | -$3.8M | -$4.6M | -$4.2M | -$4.8M | -$6.3M | -$8.4M | -$5.9M |
Balance Sheet
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Stockholders Equity | $4.6M | $1.3M | ||
| Retained Earnings Accumulated Deficit | -$65.5M | -$1.6M | -$407.6K | |
| Liabilities Current | $67.3M | $2.5M | $235.1K | |
| Liabilities And Stockholders Equity | $65.8M | $179.4M | $177.5M | |
| Assets Current | $17.2M | $916.8K | $1.4M | |
| Assets | $65.8M | $179.4M | $177.5M | |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect | -$587.7K | -$442.6K | $1.1M | |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | $5.1M | $1.1M | ||
| Reclassifications Of Temporary To Permanent Equity | -$2.6M | |||
| Temporary Equity Carrying Amount Attributable To Parent | $21.9M | $178.5M | $176.0M | |
| Assets Held In Trust Noncurrent | $21.9M | $178.5M | $176.0M | |
| Accrued Liabilities Current | $3.4M | $842.5K | $235.1K | |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations | $680.8K | $1.1M | ||
| Marketable Securities Unrealized Gain Loss | $2.6M | $4.0K | ||
| Cash And Cash Equivalents At Carrying Value | $1.1M | |||
| Common Stock Value | $0.00 | $0.00 | $30.00 | |
| Cash | $1.1M | |||
| Deferred Offering Costs Included In Accrued Expenses | $32.1K | |||
| Common Stock Value One | $431.00 | |||
| Other Assets Noncurrent | $169.7K | |||
| Operating Lease Liability Current | $43.8K | |||
| Liabilities | $87.1M | |||
| Inventory Net | $6.9M | |||
| Goodwill | $1.9M | |||
| Finance Lease Liability Noncurrent | $1.7M | |||
| Finance Lease Liability Current | $565.4K | |||
| Accounts Receivable Net Current | $1.8M | |||
| Accounts Payable And Accrued Liabilities Current | $10.9M | |||
| Property Plant And Equipment Net | ||||
| Operating Lease Liability Noncurrent | $71.1K | |||
| Intangible Assets Net Excluding Goodwill | $0.00 |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stockholders Equity | -$12.9M | -$9.2M | -$4.8M | -$695.9K | $5.1M | $9.9M | $16.2M | -$21.3M | -$14.8M | -$9.3M | -$1.1M | -$828.7K | $194.2K | $731.6K | $1.7M | $6.3K | $6.3K | |
| Retained Earnings Accumulated Deficit | -$103.4M | -$99.6M | -$95.0M | -$90.8M | -$85.0M | -$80.2M | -$73.9M | -$6.0M | -$4.7M | -$3.9M | -$1.5M | -$1.2M | -$958.8K | -$26.0K | ||||
| Liabilities Current | $64.1M | $39.4M | $35.9M | $25.4M | $30.3M | $28.7M | $28.8M | $6.1M | $4.7M | $4.0M | $1.6M | $779.9K | $541.2K | $65.2K | ||||
| Liabilities And Stockholders Equity | $56.3M | $57.3M | $58.4M | $60.0M | $61.9M | $63.6M | $70.3M | $21.6M | $21.1M | $20.9M | $177.8M | $177.2M | $177.2M | $177.7M | ||||
| Assets Current | $9.5M | $9.9M | $10.6M | $11.8M | $13.4M | $15.1M | $22.2M | $82.9K | $2.5K | $86.2K | $742.7K | $974.1K | $1.3M | $1.8M | ||||
| Assets | $56.3M | $57.3M | $58.4M | $60.0M | $61.9M | $63.6M | $70.3M | $21.6M | $21.1M | $20.9M | $177.8M | $177.2M | $177.2M | $177.7M | ||||
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect | -$460.4K | $595.4K | $7.5M | -$173.1K | ||||||||||||||
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | $128.9K | $206.6K | $192.5K | $653.0K | $721.5K | $3.1M | $8.2M | $7.6M | $9.0M | $12.7M | $12.7M | $519.8K | $726.5K | $950.3K | ||||
| Reclassifications Of Temporary To Permanent Equity | -$365.3K | -$1.6M | -$249.9K | -$18.3K | -$18.1M | |||||||||||||
| Temporary Equity Carrying Amount Attributable To Parent | $21.5M | $21.1M | $20.8M | $177.0M | $176.2M | $176.0M | $176.0M | |||||||||||
| Assets Held In Trust Noncurrent | $21.5M | $21.1M | $20.8M | $177.0M | $176.2M | $176.0M | $176.0M | |||||||||||
| Accrued Liabilities Current | $2.7M | $2.1M | $2.1M | $1.5M | $779.9K | $541.2K | ||||||||||||
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations | $519.8K | $726.5K | $950.3K | $1.7M | $87.7K | |||||||||||||
| Marketable Securities Unrealized Gain Loss | $14.4K | |||||||||||||||||
| Cash And Cash Equivalents At Carrying Value | $64.0K | $680.8K | $519.8K | $726.5K | $950.3K | $1.7M | ||||||||||||
| Common Stock Value | $0.00 | $0.00 | $30.00 | $30.00 | $30.00 | $30.00 | $30.00 | $30.00 | ||||||||||
| Cash | $64.0K | $680.8K | $519.8K | $726.5K | $950.3K | $1.7M | ||||||||||||
| Deferred Offering Costs Included In Accrued Expenses | -$1.3M | -$306.1K | $24.1K | |||||||||||||||
| Common Stock Value One | $431.00 | $431.00 | $431.00 | $431.00 | $431.00 | $431.00 | ||||||||||||
| Other Assets Noncurrent | $169.7K | $254.7K | $254.7K | $169.7K | $169.7K | $169.7K | $169.7K | |||||||||||
| Operating Lease Liability Current | $31.7K | $44.0K | $51.8K | $55.1K | $17.8K | $35.6K | $53.3K | |||||||||||
| Liabilities | $69.2M | $66.4M | $63.2M | $60.7M | $56.8M | $53.7M | $54.1M | |||||||||||
| Inventory Net | $6.0M | $7.0M | $7.8M | $8.0M | $8.8M | $7.7M | $6.8M | |||||||||||
| Goodwill | $1.9M | $1.9M | $1.9M | $1.9M | $1.9M | $1.9M | $1.9M | |||||||||||
| Finance Lease Liability Noncurrent | $666.9K | $829.2K | $984.2K | $1.1M | $1.3M | $1.4M | $1.5M | |||||||||||
| Finance Lease Liability Current | $606.0K | $578.1K | $551.4K | $538.8K | $550.2K | $562.4K | $575.4K | |||||||||||
| Accounts Receivable Net Current | $2.6M | $2.3M | $1.8M | $2.0M | $2.9M | $2.5M | $4.8M | |||||||||||
| Accounts Payable And Accrued Liabilities Current | $14.0M | $14.0M | $13.0M | $10.8M | $8.6M | $6.9M | $7.2M | |||||||||||
| Property Plant And Equipment Net | $44.3M | $44.8M | $45.3M | $45.7M | $46.1M | $46.1M | $46.0M | $46.4M | ||||||||||
| Operating Lease Liability Noncurrent | $4.2K | $12.0K | $43.8K | $43.8K | $43.8K | |||||||||||||
| Intangible Assets Net Excluding Goodwill | $383.7K | $351.0K | $328.8K | $319.3K | $253.0K | $210.1K |
Cash Flow Statement
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Net Cash Provided By Used In Operating Activities | -$15.1M | -$18.0M | -$2.1M | -$602.2K |
| Net Cash Provided By Used In Financing Activities | $10.0M | $24.9M | $1.7M | $177.7M |
| Increase Decrease In Prepaid Expense | -$206.4K | -$172.8K | $408.8K | |
| Net Cash Provided By Used In Investing Activities | -$1.9M | -$4.5M | -$176.0M | |
| Increase Decrease In Other Accrued Liabilities | $604.0K | $235.1K | ||
| Proceeds From Related Party Debt | $163.1K | $279.9K | ||
| Proceeds From Repayments Of Related Party Debt | $0.00 | -$500.0K | $163.1K | |
| Cost Of Goods And Service Excluding Depreciation Depletion And Amortization | $23.2M | $27.4M | ||
| Increase Decrease In Prepaid Expenses Other Non Current | $96.3K | |||
| Share Based Compensation | $1.3M | $492.3K | ||
| Increase Decrease In Inventories | $1.8M | $649.0K | ||
| Increase Decrease In Accounts Receivable | $213.2K | -$706.0K | ||
| Increase Decrease In Accounts Payable And Accrued Liabilities | $8.0M | $2.2M | ||
| Increase Decrease In Operating Lease Liability | -$3.1K | $6.4K | ||
| Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition | $1.3M | $492.3K | ||
| Proceeds From Issuance Of Common Stock Sponsor | $25.0K | |||
| Proceeds From Issuance Of Common Stock | $40.00 | |||
| Proceeds From Convertible Debt | $3.0M | $27.0M |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q1 2022 | Q1 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Cash Provided By Used In Operating Activities | -$1.4M | -$6.8M | -$5.9M | -$173.1K | -$17.9K | ||||||
| Net Cash Provided By Used In Financing Activities | $937.9K | $7.9M | $14.4M | $17.9K | |||||||
| Increase Decrease In Prepaid Expense | -$213.8K | -$12.3K | |||||||||
| Net Cash Provided By Used In Investing Activities | -$25.7K | -$487.4K | -$922.0K | ||||||||
| Increase Decrease In Other Accrued Liabilities | $306.1K | $790.00 | |||||||||
| Proceeds From Related Party Debt | $1.1M | $300.0K | |||||||||
| Proceeds From Repayments Of Related Party Debt | -$100.0K | ||||||||||
| Cost Of Goods And Service Excluding Depreciation Depletion And Amortization | $5.6M | $6.2M | $5.5M | $6.0M | $4.5M | $6.6M | $7.2M | ||||
| Increase Decrease In Prepaid Expenses Other Non Current | |||||||||||
| Share Based Compensation | $58.2K | $1.3M | $193.6K | ||||||||
| Increase Decrease In Inventories | -$421.2K | -$99.1K | $726.4K | ||||||||
| Increase Decrease In Accounts Receivable | -$234.3K | $3.3M | $450.6K | ||||||||
| Increase Decrease In Accounts Payable And Accrued Liabilities | $1.5M | $3.7M | -$208.8K | ||||||||
| Increase Decrease In Operating Lease Liability | -$624.00 | -$7.4K | |||||||||
| Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition | $1.3M | $100.2K | $98.4K | $193.6K | |||||||
| Proceeds From Issuance Of Common Stock Sponsor | $25.0K | ||||||||||
| Proceeds From Issuance Of Common Stock | -$159.3M | ||||||||||
| Proceeds From Convertible Debt | $3.0M | $15.0M |
Per-Share & Share Counts
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Diluted EPS * | -$1.25 | -$2.56 | ||
| Preferred Stock Shares Authorized | 5.0M | 5.0M | 5.0M | |
| Preferred Stock Par Or Stated Value Per Share | $0.00 | $0.00 | $0.00 | |
| Weighted Average Number Of Shares Outstanding Basic | 20.3M | 10.8M | ||
| Weighted Average Number Of Diluted Shares Outstanding | 20.3M | 10.8M | ||
| Earnings Per Share Basic | $-1.25 | $-2.56 |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Diluted EPS * | -$0.18 | $0.21 | -$0.20 | -$1.25 | -$0.23 | $0.29 | -$0.49 | -$2.56 | -$0.61 | -$0.77 | -$0.55 | $0.00 | |||
| Preferred Stock Shares Authorized | 5.0M | 5.0M | 5.0M | 5.0M | 5.0M | 5.0M | 5.0M | ||||||||
| Preferred Stock Par Or Stated Value Per Share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||
| Weighted Average Number Of Shares Outstanding Basic | 21.5M | 21.4M | 21.4M | 20.3M | 21.4M | 21.4M | 17.1M | 10.8M | 10.7M | 10.7M | 10.7M | ||||
| Weighted Average Number Of Diluted Shares Outstanding | 21.5M | 21.4M | 21.4M | 20.3M | 21.4M | 21.4M | 17.1M | 10.8M | 10.7M | 10.7M | 10.7M | ||||
| Earnings Per Share Basic | $-0.18 | $0.21 | $-0.20 | $-1.25 | $-0.23 | $0.29 | $-0.49 | $-2.56 | $-0.61 | $-0.77 | $-0.55 |
Other Metrics
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Operating Costs And Expenses | $5.1M | $2.9M | $428.4K | |
| Dividend Received | -$2.6M | -$4.0K | ||
| Foreign Currency Transaction Gain Loss Before Tax | $3.6K | $72.9K | $1.1K | |
| Prepaid Expense Current | $236.0K | $312.6K | ||
| Interest Income Other | $4.0K | |||
| Remeasurement For Class A Ordinary Shares Subject To Redemption | 2.8M | 2.6M | ||
| Cost Depreciation Amortization And Depletion | $2.3M | $3.9M | ||
| Additional Paid In Capital | $90.1M | $44.1M | $1.7M | |
| Interest Paid Net | $2.6M | $2.9M | ||
| Issuance Of Underwriter Founder Shares | 30.00 | |||
| Foreign Currency Transaction Gain Loss Unrealized | $1.1K | |||
| Amortization Of Financing Costs | $311.0K | $121.5K | ||
| Long Term Line Of Credit | $0.00 |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 | Q1 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Costs And Expenses | $1.2M | $698.3K | $2.1M | $1.0M | $537.4K | $565.5K | $7.9K | $18.7K | ||||||||
| Dividend Received | -$795.6K | -$249.9K | -$14.4K | -$628.00 | ||||||||||||
| Foreign Currency Transaction Gain Loss Before Tax | -$936.00 | -$2.2K | -$11.0K | -$2.8K | $4.5K | $295.00 | $12.9K | |||||||||
| Prepaid Expense Current | $1.0M | $1.8M | $2.4M | $845.9K | $12.7K | $22.2K | $222.9K | $247.6K | $300.3K | $17.1K | ||||||
| Interest Income Other | $957.00 | $868.00 | $2.4K | $1.8K | ||||||||||||
| Remeasurement For Class A Ordinary Shares Subject To Redemption | 1.6M | 18.3K | ||||||||||||||
| Cost Depreciation Amortization And Depletion | $453.2K | $473.9K | $480.6K | $461.5K | $395.2K | $1.0M | $996.6K | $979.5K | ||||||||
| Additional Paid In Capital | $90.1M | $90.1M | $644.5K | $1.4M | $1.7M | $1.7M | ||||||||||
| Interest Paid Net | $243.5K | $651.2K | $623.4K | |||||||||||||
| Issuance Of Underwriter Founder Shares | 74.0K | 30.00 | ||||||||||||||
| Foreign Currency Transaction Gain Loss Unrealized | ||||||||||||||||
| Amortization Of Financing Costs | $76.5K | $77.3K | ||||||||||||||
| Long Term Line Of Credit | $7.6M | $7.6M | $7.6M | $6.5M | $5.0M | $5.0M |
Most recent annual filing with the SEC: April 15, 2025
Data sourced from SEC EDGAR public filings as of August 6, 2026.