Borealis Foods Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	30.6	30.08	27.67	29.98	25.59	13.63
Revenue Growth	14.96%	8.71%	-7.72%	17.17%	87.71%	-
Cost of Revenue	25.4	24.73	23.16	27.35	33.66	13.85
Gross Profit	5.2	5.35	4.51	2.63	-8.07	-0.21
Selling, General & Admin	13.43	14.35	20.89	12.77	14.99	10
Research & Development	0.2	0.2	0.2	0.46	-	-
Operating Expenses	15.38	16.39	23.41	17.17	14.99	10
Operating Income	-10.18	-11.04	-18.9	-14.54	-23.06	-10.21
Interest Expense	-6.18	-5.99	-5.06	-7.28	-3.22	-0.26
Currency Exchange Gain (Loss)	-0.01	-0.02	0	0.07	0	-0
Other Non Operating Income (Expenses)	-	-	-	0.3	-	-
EBT Excluding Unusual Items	-16.36	-17.04	-23.96	-21.44	-26.28	-10.48
Merger & Restructuring Charges	-	-	-1.51	-5.41	-	-
Gain (Loss) on Sale of Assets	-	-	-	-0.96	0.05	-
Asset Writedown	-2.01	-2.01	-	-	-	-
Other Unusual Items	-	-	-	-	-	0.38
Pretax Income	-18.37	-19.05	-25.46	-27.82	-26.23	-10.1
Income Tax Expense	-0.07	-0.07	-0.13	-0.34	0.06	0.02
Net Income	-18.3	-18.98	-25.33	-27.48	-26.28	-10.12
Net Income to Common	-18.3	-18.98	-25.33	-27.48	-26.28	-10.12
Net Income Growth	-	-	-	-	-	-
Shares Outstanding (Basic)	21	21	20	11	162	-
Shares Outstanding (Diluted)	21	21	20	11	162	-
Shares Change	0.26%	5.51%	88.93%	-93.38%	-	-
EPS (Basic)	-0.85	-0.89	-1.25	-2.56	-0.16	-
EPS (Diluted)	-0.85	-0.89	-1.25	-2.56	-0.16	-
EPS Growth	-	-	-	-	-	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Free Cash Flow	-5.33	-6.6	-16.74	-22.47	-27.43	-27.99
Free Cash Flow Per Share	-0.25	-0.31	-0.82	-2.09	-0.17	-
Gross Margin	16.98%	17.79%	16.31%	8.78%	-31.53%	-1.56%
Operating Margin	-33.27%	-36.69%	-68.30%	-48.48%	-90.12%	-74.88%
Profit Margin	-59.81%	-63.09%	-91.54%	-91.64%	-102.70%	-74.24%
Free Cash Flow Margin	-17.43%	-21.94%	-60.50%	-74.94%	-107.20%	-205.33%
EBITDA	-8.43	-9.19	-16.58	-10.6	-19.61	-8.11
EBITDA Margin	-27.56%	-30.57%	-59.91%	-35.35%	-76.63%	-59.49%
D&A For EBITDA	1.75	1.84	2.32	3.94	3.45	2.1
EBIT	-10.18	-11.04	-18.9	-14.54	-23.06	-10.21
EBIT Margin	-33.27%	-36.69%	-68.30%	-48.48%	-90.12%	-74.88%
Revenue as Reported	30.6	30.08	27.67	29.98	-	-
Advertising Expenses	-	2.35	5.73	2.24	0.13	0.12

SEC Filings: 10-K · 10-Q