Borealis Foods Inc. Warrant financials
$0.0401−32.72%
Close Sep 28, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.4M | $8.9M | $7.1M | $7.2M | $6.8M | $6.8M | $7.7M | $5.3M | $8.5M |
| Gross profit | $838.9K | $1.1M | $1.0M | $514.9K | $899.8K | $251.3K | $1.3M | $422.3K | $242.6K |
| Gross margin | 11.4% | 11.8% | 14.6% | 7.2% | 13.1% | 3.7% | 16.6% | 7.9% | 2.9% |
| Operating income | -$2.1M | -$2.8M | -$1.9M | -$3.4M | -$2.9M | -$4.6M | -$3.6M | -$5.2M | -$7.0M |
| Net income | -$3.5M | -$6.4M | -$3.8M | -$4.6M | -$4.2M | -$5.8M | -$4.8M | -$6.3M | -$8.4M |
| Net margin | −47.7% | −71.7% | −53.2% | −64.0% | −61.2% | −85.3% | −62.9% | −118.3% | −99.4% |
| Diluted EPS | $-0.16 | $-0.30 | $-0.18 | $-0.21 | $-0.20 | $-0.27 | $-0.23 | $-0.29 | $-0.49 |
| EBITDA | -$1.7M | -$2.4M | -$1.5M | -$2.9M | -$2.4M | -$4.2M | -$3.2M | -$4.8M | -$6.0M |
| Operating cash flow | -$122.9K | -$2.8M | -$190.6K | -$2.2M | -$1.4M | -$819.4K | -$3.3M | -$4.2M | -$6.8M |
| Free cash flow | -$122.9K | -$2.8M | -$190.6K | -$2.2M | -$1.4M | -$951.6K | -$3.7M | -$4.7M | -$7.3M |
| Diluted shares | 21.4M | 21.5M | 21.5M | 21.4M | 21.4M | 21.4M | 21.4M | 21.4M | 17.1M |
Balance sheet
| Period end | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $479.9K | $63.9K | $128.9K | $206.6K | $192.5K | $653.0K |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $26.0M | $26.9M | $34.6M | $32.1M | $32.1M | $32.2M |
| Total assets | $50.9M | $52.6M | $56.3M | $57.3M | $58.4M | $60.0M |
| Total liabilities | $73.6M | $71.8M | $69.2M | $66.4M | $63.2M | $60.7M |
| Shareholders' equity | -$22.7M | -$19.2M | -$12.9M | -$9.2M | -$4.8M | -$695.9K |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology