Borealis Foods Inc. (BRLS) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 7.81M | 12.84M | 7.1M | 7.19M | 10.66M | 14.11M | 7.69M | 5.33M | 15.11M | 1.12M | -985.33K | 8.18M | 8.43M | 746.08K | 1.04M | 537.45K | 565.54K | -1 | -1 | 790 |
| Revenue Growth % | -26.72% | -9.02% | -7.6% | 34.98% | -29.44% | 1162.73% | 880.24% | -34.93% | 79.27% | 49.76% | -194.97% | 1422.85% | 1390.48% | 74608100% | 99999900% | 67931.14% | - | - | - | - |
| Cost of Goods Sold | 6.53M | 7.89M | 6.06M | 6.67M | 5.95M | 6.51M | 6.41M | 4.9M | 7.65M | 0 | 0 | 7.49M | 9.06M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| COGS % of Revenue | 83.56% | 61.43% | 85.35% | 92.84% | 55.76% | 46.13% | 83.44% | 92.07% | 50.64% | - | - | 91.47% | 107.46% | - | - | - | - | - | - | - |
| Gross Profit | 1.28M | 4.95M | 1.04M | 514.88K | 4.72M | 7.6M | 1.27M | 422.32K | 7.46M | 1.12M | -985.33K | 698.33K | -628.91K | 746.08K | 1.04M | 537.45K | 565.54K | -1 | -1 | 790 |
| Gross Margin % | 16.44% | 38.57% | 14.65% | 7.16% | 44.24% | 53.87% | 16.56% | 7.93% | 49.36% | 100% | 100% | 8.53% | -7.46% | 100% | 100% | 100% | 100% | 100% | 100% | 100% |
| Gross Profit Growth % | -72.76% | -34.87% | -18.28% | 21.92% | -36.76% | 580.19% | 229.22% | -39.52% | 1285.88% | 49.76% | -194.97% | 29.93% | -211.2% | 74608100% | 99999900% | 67931.14% | - | - | - | - |
| Operating Expenses | 3.35M | 7.79M | 2.97M | 3.87M | 7.63M | 12.22M | 4.89M | 5.61M | 14.43M | 2.23M | 3.44M | 1.4M | 3.94M | 1.49M | 2.08M | 1.07M | 1.13M | 401.74K | 7.93K | 1.58K |
| OpEx % of Revenue | 42.82% | 60.68% | 41.74% | 53.85% | 71.59% | 86.62% | 63.66% | 105.38% | 95.5% | 200% | -348.88% | 17.06% | 46.68% | 200% | 200% | 200% | 200% | -40173900% | -792900% | 200% |
| Selling, General & Admin | 2.9M | 7.79M | 2.97M | 3.87M | 7.63M | 14.7M | 4.89M | 5.61M | 14.43M | 2.23M | 3.44M | 1.4M | 3.94M | 1.49M | 2.08M | 1.07M | 1.13M | 401.74K | 7.93K | 1.58K |
| SG&A % of Revenue | 37.11% | 60.68% | 41.74% | 53.85% | 71.59% | 104.17% | 63.66% | 105.38% | 95.5% | 200% | -348.88% | 17.06% | 46.68% | 200% | 200% | 200% | 200% | -40173900% | -792900% | 200% |
| Research & Development | 446K | 0 | 488K | 607.04K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | 5.71% | - | 6.87% | 8.44% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | -488K | -607.04K | 0 | -1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -2.06M | -2.84M | -1.92M | -3.36M | -2.92M | -4.62M | -3.62M | -5.19M | -6.97M | -1.12M | -4.42M | -698.33K | -4.56M | -746.09K | -1.04M | -537.45K | -565.54K | -401.74K | -7.93K | -790 |
| Operating Margin % | -26.38% | -22.11% | -27.1% | -46.69% | -27.36% | -32.76% | -47.1% | -97.45% | -46.15% | -100% | 448.88% | -8.53% | -54.15% | -100% | -100% | -100% | -100% | 40174000% | 793000% | -100% |
| Operating Income Growth % | 29.34% | 38.59% | 46.84% | 35.33% | 58.17% | -313.62% | 18.13% | -643.11% | -52.78% | -49.76% | -326.3% | -29.93% | -707.04% | -85.71% | -12983.72% | -67931.65% | - | - | - | - |
| EBITDA | -1.68M | -2.4M | -1.47M | -2.88M | -2.44M | -4.16M | -3.16M | -4.79M | -5.98M | -1.07M | -3.43M | 281.19K | -3.6M | -691.21K | -1.01M | -451.38K | 62.46K | -381.61K | -7.3K | -790 |
| EBITDA Margin % | -21.44% | -18.73% | -20.72% | -40.09% | -22.85% | -29.48% | -41.1% | -90.03% | -39.57% | -96.08% | 347.74% | 3.44% | -42.73% | -92.65% | -97.39% | -83.99% | 11.04% | 38161100% | 729900% | -100% |
| EBITDA Growth % | 31.25% | 42.19% | 53.42% | 39.88% | 59.25% | -287.44% | 7.79% | -1804.96% | -65.98% | -55.31% | -239.09% | 162.29% | -5867.52% | -81.13% | -13743.79% | -57037.34% | - | - | - | - |
| D&A (Non-Cash Add-back) | 386.04K | 433.64K | 453.21K | 473.87K | 480.55K | 462.27K | 461.54K | 395.22K | 994.2K | 43.81K | 996.63K | 979.52K | 961.96K | 54.88K | 27.08K | 86.06K | 628K | 0 | 0 | 0 |
| EBIT | -2.06M | -4.85M | -1.93M | -3.36M | -2.93M | -4.62M | -3.62M | -5.18M | -6.97M | -837.92K | -4.15M | -698.03K | -4.41M | 763.44K | -227.26K | -287.55K | -515.54K | -381.61K | -7.3K | -790 |
| Net Interest Income | -1.45M | -1.64M | -1.86M | -1.23M | -1.26M | -1.29M | -1.21M | -1.1M | -1.46M | 902 | 0 | -1.84M | -1.53M | 2.22K | 0 | 0 | -151.79K | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 902 | 0 | 0 | 0 | 2.22K | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 1.45M | 1.64M | 1.86M | 1.23M | 1.26M | 1.29M | 1.21M | 1.1M | 1.46M | 0 | 0 | 1.84M | 1.53M | 0 | 0 | 0 | 151.79K | 0 | 0 | 0 |
| Other Income/Expense | -2.34M | -11.44M | -1.86M | -1.23M | -8.9M | -15.99M | -1.21M | -1.09M | -15.89M | -1.96M | 2.25M | -2.19M | -1.53M | 17.36K | -1.26M | -824.99K | -5.78M | 401.74K | 7.93K | -790 |
| Pretax Income | -4.4M | -14.28M | -3.78M | -4.59M | -11.82M | -20.61M | -4.83M | -6.28M | -22.86M | -3.07M | -2.18M | -2.89M | -6.09M | -728.73K | -2.3M | -1.36M | -6.34M | 1 | 1 | -1.58K |
| Pretax Margin % | -56.37% | -111.24% | -53.22% | -63.8% | -110.87% | -146.1% | -62.84% | -118% | -151.3% | -274.99% | 220.91% | -35.29% | -72.3% | -97.67% | -221.9% | -253.5% | -1121.8% | -100% | -100% | -200% |
| Income Tax | -892K | -7.87M | 0 | 13.99K | -7.63M | -14.85M | 832 | 14.12K | -14.43M | -2.23M | -1.26M | -2.44M | -159.12K | -1.49M | -2.08M | -1.07M | -579.9K | 381.62K | 7.3K | -790 |
| Effective Tax Rate % | 20.25% | 55.11% | 0% | -0.3% | 64.58% | 72.03% | -0.02% | -0.22% | 63.12% | 72.73% | 57.68% | 84.34% | 2.61% | 204.76% | 90.13% | 78.89% | 9.14% | 38161600% | 730200% | 50% |
| Net Income | -3.51M | -6.41M | -3.78M | -4.6M | -4.19M | -5.77M | -4.83M | -6.3M | -8.43M | -837.92K | -921.13K | -8.3M | -5.94M | 763.44K | -227.26K | -287.55K | -6.32M | -381.62K | -7.3K | -790 |
| Net Margin % | -44.95% | -49.94% | -53.22% | -63.99% | -39.27% | -40.87% | -62.85% | -118.26% | -55.8% | -74.99% | 93.48% | -101.44% | -70.42% | 102.33% | -21.9% | -53.5% | -1116.72% | 38161500% | 730100% | -100% |
| Net Income Growth % | 16.12% | -11.18% | 21.76% | 26.96% | 50.33% | -588.09% | -424.59% | 24.14% | -42.05% | -209.76% | -305.33% | -2787.2% | 6.02% | 300.05% | -3012.67% | -36298.1% | - | - | - | - |
| Net Income (Continuing) | -3.51M | -6.41M | -3.78M | -4.6M | -4.19M | -5.77M | -4.83M | -6.3M | -8.43M | -837.92K | -921.13K | -452.18K | -5.94M | 763.44K | -227.26K | -287.55K | -5.76M | -381.62K | -7.3K | -790 |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.16 | -0.30 | -0.18 | -0.21 | -0.20 | -0.28 | -0.23 | -0.29 | -0.49 | -0.04 | -0.05 | -0.02 | -0.30 | 0.03 | -0.01 | -0.01 | -0.03 | -0.02 | -0.00 | 0.00 |
| EPS Growth % | 20% | -5.68% | 21.74% | 27.59% | 59.18% | -560.2% | -386.26% | -1150% | -63.33% | -223.21% | -354.81% | -75.76% | -1090.48% | 299.43% | - | - | - | - | - | - |
| EPS (Basic) | -0.16 | -0.30 | -0.18 | -0.21 | -0.20 | -0.28 | -0.23 | -0.29 | -0.49 | -0.04 | -0.05 | -0.02 | -0.30 | 0.03 | -0.01 | -0.01 | -0.03 | -0.02 | -0.00 | 0.00 |
| Diluted Shares Outstanding | 21.43M | 21.43M | 21.41M | 21.41M | 21.38M | 20.31M | 21.38M | 21.38M | 17.08M | 19.47M | 19.47M | 19.47M | 19.47M | 21.86M | 21.86M | 21.86M | 21.86M | 21.86M | 21.86M | 28.76M |
| Basic Shares Outstanding | 21.43M | 21.43M | 21.41M | 21.41M | 21.38M | 20.31M | 21.38M | 21.38M | 17.08M | 19.47M | 19.47M | 19.47M | 19.47M | 21.86M | 21.86M | 21.86M | 21.86M | 21.86M | 21.86M | 28.76M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |