NCM · Packaged Foods

Borealis Foods Inc. (BRLS) Stock

$0.98 -5.77% NCM: BRLS Consumer Defensive

Borealis Foods Inc. is an enterprise focused on the distribution of food products that are rich in plant-derived protein.

Valuation

Metric	Value
Price	$0.98
Market Cap	$21.03M
P/E Ratio	-1.28
P/B Ratio	-1.03
P/S Ratio	0.67
EPS (TTM)	$0.00
52-Week High	$3.99
52-Week Low	$0.60
Dividend Yield	0.00%

Financials & Margins

Metric	Value
ROE	114.30%
ROA	-35.93%
ROCE	48.71%
Gross Margin	-71.43%
Operating Margin	-71.43%
Net Margin	-52.38%
Debt/Equity	-1.15
Current Ratio	0.48

Annual Financials (USD)

Metric	2021	2022	2023	2024	2025
Revenue	$24.0M	$26.0M	$5.0M	$50.0M	$45.0M
Operating Profit	$-10.0M	$-23.0M	$-5.0M	$-20.0M	$-11.0M
Net Profit	$-10.0M	$0	$-3.0M	$-25.0M	$-19.0M
EPS	$-0.46	$-1.20	$-0.15	$-1.25	$-0.89
Op Margin	-43.2%	-90.1%	-100.0%	-40.6%	-24.7%

Balance Sheet (USD)

Metric	2021	2022	2023	2024	2025
Total Assets	$177.0M	$180.0M	$66.0M	$60.0M	$53.0M
Total Liabilities	$0	$3.0M	$87.0M	$61.0M	$72.0M
Cash	$1.0M	$1.0M	$8.0M	$1.0M	$0
Borrowings	$0	$2.0M	$67.0M	$32.0M	$27.0M

Latest News

Borealis Foods Expands Access to Protein-Rich Chef Woo Noodles Through Costco GlobeNewswire · Jul 15, 2026 Borealis Foods CEO Highlights Manufacturing Partnerships with Leading Global Food Companies as New Product Rollout Expands in U.S. and Canada GlobeNewswire · Jul 10, 2026 Zacks Initiates Coverage of Borealis Foods With Underperform Recommendation Zacks · Jul 6, 2026 Borealis Foods Announces $17.0 Million Refinancing Transaction with Oxus Capital to Repay Frontwell Facility and Support Operations GlobeNewswire · Apr 28, 2026 Borealis Foods Inc. Receives Expected Notification of Deficiency from Nasdaq Related to Delayed Filing of Annual Report on Form 10-K for Fiscal 2025 GlobeNewswire · Apr 23, 2026

Cash Flow (USD)

Metric	2021	2022	2023	2024	2025
Operating Cash Flow	$-7.0M	$-2.0M	$-18.0M	$-7.0M	$-7.0M
Investing Cash Flow	$-42.0M	$-3.0M	$-9.0M	$-4.0M	$0
Financing Cash Flow	$-2.0M	$0	$-1.0M	$-1.0M	$12.0M
Net Cash Flow	$0	$0	$2.0M	$0	$-1.0M
Free Cash Flow	$-28.0M	$-5.0M	$-22.0M	$-9.0M	$-7.0M

Valuation & Return Ratios

Metric	Value
PEG Ratio	-0.08
EV / EBITDA	-4.86
FCF Yield	-21.47%
Quick Ratio	0.05
Interest Coverage	-1.65
Return 1Y	-74.10%
Return 3Y	-91.61%
Return 5Y	—

Peer Comparison

Ticker	Price	Change	P/E	Market Cap	Div Yield
ATPCAgape ATP Corporation	$1.40	-1.76%	-1.83	$1.40M	0.00%
BRIDBridgford Foods Corporation	$5.50	+0.55%	-3.56	$49.92M	0.00%
DDCDDC Enterprise Limited	$0.13	-3.62%	-0.03	$3.22M	0.00%
DITAMCON Distributing Company	$61.39	+1.77%	44.92	$59.92M	0.74%
DTCKDavisCo-Dialtek.Com Corp.	$1.00	-9.09%	0.00	$3063	0.00%

About Borealis Foods Inc.

Borealis Foods Inc. is an enterprise focused on the distribution of food products that are rich in plant-derived protein. The company's offerings feature Chef Woo, a meat alternative with a high protein content, and Ramen Express, which provides vegetarian ramen noodle selections. Established in 2020, Borealis Foods Inc. conducts its operations from its headquarters in Oakville, Canada.

Borealis Foods Inc. is led by CEO Reza Soltanzadeh, employs 147 people, headquartered in CA, publicly traded since 2021.

Borealis Foods Inc. (BRLS) stock trades at $0.98 with a market capitalization of $21.03M. The stock is valued at a negative price-to-earnings (P/E) ratio of -1.28, reflecting a net loss over the last twelve months, a negative price-to-book of -1.03, reflecting negative shareholders' equity, price-to-sales of 0.67. Over the past 52 weeks the stock has ranged between $0.60 and $3.99, and currently trades 75.4% below its 52-week high.

On profitability, Borealis Foods Inc. generates a return on equity (ROE) of 114.30% (not meaningful, as shareholders' equity is negative), return on capital employed of 48.71%, an operating margin of -71.43%, a net profit margin of -52.38%.

Official website: www.borealisfoods.com

Borealis Foods Inc. by the numbers, 2021–2025

Between 2021 and 2025 Borealis Foods Inc. reported revenue of $24.0M rising to $45.0M, a change of +87.5% across 5 years. Compounded, revenue has grown —% a year over five years, 20.1% over three, -10.0% over the last twelve months. Net profit fell to $-19.0M.

Operating margin went from -43.2% in 2021 to -24.7% in 2025, a gain of 18.5 percentage points. The most recent net margin is -52.38%. On a trailing twelve-month basis to Mar '26, revenue is $35.0M and net profit $-19.0M.

Borrowings stand at $27.0M, cash from operations was $-7.0M in the latest year, positive in 0 of the last 5.

Return on equity has averaged 521.7% over five years, and was 100.0% in the most recent year.

The share price itself has compounded at —% a year over five years, —% over three, —% over the last year. Past price movement is history, not a forecast.

Figures are as reported and in the company's own reporting currency. They describe what has already happened and carry no implication about what follows.

Borealis Foods Inc. (BRLS) — frequently asked questions

What is Borealis Foods Inc. (BRLS) stock price today?

Borealis Foods Inc. (BRLS) is currently trading at $0.98, down 5.77% today.

What is BRLS P/E ratio?

Borealis Foods Inc.'s P/E ratio is -1.28. A negative P/E means the company reported a net loss over the last twelve months, so P/E is not a meaningful valuation measure for it right now.

What is BRLS return on equity (ROE)?

Borealis Foods Inc.'s return on equity (ROE) is 114.30%. ROE measures net income relative to shareholders' equity. Shareholders' equity is negative, so ROE is not a meaningful measure for this company.

What is Borealis Foods Inc.'s market cap?

Borealis Foods Inc. has a market capitalization of $21.03M.

Does BRLS pay a dividend?

Borealis Foods Inc. is not currently showing a dividend yield in our data, which means no recent cash dividend was recorded for it.

How much debt does BRLS carry?

Borealis Foods Inc. has a debt-to-equity ratio of -1.15. That compares total borrowings with shareholders' equity: a figure under 1 means equity exceeds debt.

What is BRLS's profit margin?

Borealis Foods Inc. reports a net profit margin of -52.38% — the share of revenue left after every cost, including tax and interest.

What sector is BRLS in?

Borealis Foods Inc. is classified under Consumer Defensive, in the Packaged Foods industry. Ratios are most informative compared with other companies in the same industry rather than across the whole market.

Which exchange is BRLS listed on?

Borealis Foods Inc. trades on NCM under the ticker BRLS.

What is BRLS's 52-week range?

Over the last year Borealis Foods Inc. has traded between $0.60 and $3.99.

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Screens BRLS currently matches

On the figures above, Borealis Foods Inc. passes the filters for 4 of our ready-made screens, among them Day Losers Stocks, Penny Stocks, Stocks Under $1. Appearing on a screen means the numbers meet its filters today and nothing more; the list is rebuilt whenever the data changes.

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