Borealis Foods Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	28.37	29.98	25.59	13.63
Revenue Growth (YoY)	-6.16%	17.17%	87.71%	-
Cost of Revenue	26.95	31.29	33.66	13.85
Gross Profit	1.42	-1.3	-8.07	-0.21
Selling, General & Admin	19.42	12.77	14.99	10
Research & Development	0.46	0.46	-	-
Operating Expenses	18.8	13.23	14.99	10
Operating Income	-17.38	-14.54	-23.06	-10.21
Interest Expense	-5.51	-7.28	-3.22	-0.26
Currency Exchange Gain (Loss)	-	-	0	-0
Other Non Operating Income (Expenses)	0.21	0.37	-	-
EBT Excluding Unusual Items	-22.68	-21.44	-26.28	-10.48
Merger & Restructuring Charges	-2.92	-5.41	-	-
Gain (Loss) on Sale of Assets	-0.96	-0.96	0.05	-
Other Unusual Items	-	-	-	0.38
Pretax Income	-26.55	-27.82	-26.23	-10.1
Income Tax Expense	-0.34	-0.34	0.06	0.02
Net Income	-26.22	-27.48	-26.28	-10.12
Net Income to Common	-26.22	-27.48	-26.28	-10.12
Shares Outstanding (Basic)	21	163	162	-
Shares Outstanding (Diluted)	21	163	162	-
Shares Change (YoY)	99.22%	0.68%	-	-
EPS (Basic)	-1.23	-0.17	-0.16	-
EPS (Diluted)	-1.23	-0.17	-0.16	-
Free Cash Flow	-18.69	-22.47	-27.43	-27.99
Free Cash Flow Per Share	-0.87	-0.14	-0.17	-
Gross Margin	5.00%	-4.35%	-31.53%	-1.56%
Operating Margin	-61.28%	-48.48%	-90.12%	-74.88%
Profit Margin	-92.43%	-91.64%	-102.70%	-74.24%
Free Cash Flow Margin	-65.88%	-74.94%	-107.20%	-205.33%
EBITDA	-14.52	-10.6	-19.61	-8.11
EBITDA Margin	-51.20%	-35.35%	-76.63%	-59.49%
D&A For EBITDA	2.86	3.94	3.45	2.1
EBIT	-17.38	-14.54	-23.06	-10.21
EBIT Margin	-61.28%	-48.48%	-90.12%	-74.88%
Advertising Expenses	-	2.24	0.13	0.12

Updated Nov 14, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q