Borealis Foods Inc. (BRLS) is at the forefront of the sustainable food industry, offering premium plant-based meat and dairy alternatives that cater to the increasing demand for healthier and environmentally friendly food options. The company emphasizes innovation through cutting-edge food science and technology, positioning itself to capitalize on the rapidly expanding plant-based market. With a robust distribution network and strategic partnerships, Borealis Foods is strategically aligned to drive substantial growth while appealing to a growing base of health-conscious and environmentally aware consumers, establishing itself as a key leader in this dynamic sector.
| Revenue (TTM) | $30.60M |
| Gross Profit (TTM) | $5.20M |
| EBITDA | $-8.43M |
| Operating Margin | -28.00% |
| Return on Equity | -5302.00% |
| Return on Assets | -11.60% |
| Revenue/Share (TTM) | $1.43 |
| Book Value | $-1.06 |
| Price-to-Book | 14.03 |
| Price-to-Sales (TTM) | 0.74 |
| EV/Revenue | 1.752 |
| EV/EBITDA | — |
| Quarterly Earnings Growth (YoY) | 0.00% |
| Quarterly Revenue Growth (YoY) | 7.60% |
| Shares Outstanding | $21.46M |
| Float | $6.47M |
| % Insiders | 45.50% |
| % Institutions | 0.22% |
Discover why Zacks rates Borealis Foods as "Underperform", being the first on Wall Street to initiate coverage on the stock. Explore BRLS' struggles with weak finances, high leverage and ongoing profitability challenges.
TORONTO, April 23, 2026 (GLOBE NEWSWIRE) -- Borealis Foods Inc. (Nasdaq: BRLS) (the “Company”) today announced that on April 17, 2026, the Company received a notice (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) due to the Company's failure to timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2025 (the “2025 Form 10-K”) with the Securities and Exchange Commission (the “SEC”). The Notice has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq Capital Market.
