Saturday 17 October 2026
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Borealis Foods Inc.
BRLS Consumer Defensive Packaged Foods
In the quarter to March 2026, revenue grew 7.63%, EPS grew 20.0%, free cash flow grew 91.2% and total debt fell 98.8%, each against the same quarter a year earlier.
1.05
0.04
−3.67%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | — | 9.76 | 9.83 | 9.51 | 3.71 | 1.51 |
Analyst estimates 2026–2028 Powerpack |
|||
| High | — | — | — | — | — | 10.14 | 10.66 | 11.31 | 12.50 | 7.49 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | — | — | 2 | 2 | 176 | 147 | 140 | ||||
| Revenue/emp, $m | — | — | — | — | — | 0.00 | 0.00 | 0.17 | 0.19 | 0.21 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | — | 30 | 28 | 30 | ||||
| Gross margin, % | — | — | — | — | — | — | — | (4.35) | 7.91 | 11.67 | |||||
| EBT | — | — | — | — | — | 0 | 0 | (28) | (25) | (19) | |||||
| EBT margin, % | — | — | — | — | — | 0.00 | 0.00 | (92.76) | (92.02) | (63.32) | |||||
| Net income | — | 0 | — | — | — | 0 | 0 | (27) | (25) | (19) | |||||
| Depreciation | — | — | — | — | — | — | — | 4 | 3 | 2 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | 0.00 | 0.00 | 2.79 | 1.36 | 1.40 | ||||
| Earnings | — | — | — | — | — | (0.10) | (0.07) | (2.56) | (1.25) | (0.89) | |||||
| Cash flow | — | — | — | — | — | (0.14) | (0.46) | (1.67) | (0.74) | (0.31) | |||||
| Capex | — | — | — | — | — | 0.00 | 0.00 | (0.42) | (0.10) | 0.00 | |||||
| Free cash flow | — | — | — | — | — | (0.14) | (0.46) | (2.09) | (0.84) | (0.31) | |||||
| Book value | — | — | — | — | — | 0.31 | (0.34) | (1.99) | (0.03) | (0.90) | |||||
| Shares, m | — | — | — | — | — | 4 | 5 | 11 | 20 | 21 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | ||||
| P/S | — | — | — | — | — | — | — | 4.05 | 4.37 | 1.42 | |||||
| P/B | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | |||||
| EV/Sales | — | — | — | — | — | — | — | 4.41 | 5.57 | 1.44 | |||||
| EV/FCF | — | — | — | — | — | — | — | (5.88) | (9.21) | (6.49) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | (1) | (2) | (18) | (15) | (7) | ||||
| Capex | — | — | — | — | — | — | — | (4) | (2) | 0 | |||||
| Free cash flow | — | — | — | — | — | (1) | (2) | (22) | (17) | (7) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | 1 | (2) | (50) | (14) | (62) | ||||
| Total debt | — | — | — | — | — | — | 2 | 18 | 34 | 0 | |||||
| Net debt | — | — | — | — | — | (1) | (1) | 11 | 33 | 0 | |||||
| Shareholders’ equity | — | — | — | — | — | 1 | (2) | (21) | (1) | (19) | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | — | — | — | (0.23) | (0.04) | (22.41) | (40.27) | (33.72) | ||||
| ROIC | — | — | — | — | — | (150.68) | 0.00 | 0.00 | (39.27) | 0.00 | |||||
| ROE | — | — | — | — | — | (0.46) | 45.04 | 239.66 | 229.80 | 190.49 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Mar 2026
Charts ten years each
Borealis Foods Inc. vs peers in Packaged Foods (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| BHST BioHarvest Sciences Inc. | $38.5M | — (loss-making) | — | +3.78% (above 0%: growing) | n/m | −64.01% (below 0%: shrinking) | 57.51% | (28.37%) | Compare |
| BOF BranchOut Food Inc. | $35.8M | — (loss-making) | — | +36.14% (above 0%: growing) | n/m | −39.88% (below 0%: shrinking) | 2.17% | (57.54%) | Compare |
| LSF Laird Superfood, Inc. | $30.3M | — (loss-making) | 15.5× | +244.38% (above 0%: growing) | n/m | +149.69% (above 0%: growing) | 30.31% | (4.51%) | Compare |
| JVA Coffee Holding Co., Inc. | $26.0M | 5.4× | — (loss-making) | −9.30% (below 0%: shrinking) | n/m | +126.65% (above 0%: growing) | 25.01% | 10.72% | Compare |
| HAIN The Hain Celestial Group, Inc. | $25.7M | — (loss-making) | — (loss-making) | −27.60% (below 0%: shrinking) | n/m | +176.43% (above 0%: growing) | 22.50% | (21.16%) | Compare |
| SRXH SRX Global Inc. | $25.2M | — (loss-making) | 7.8× | +26.90% (above 0%: growing) | n/m | −29.90% (below 0%: shrinking) | 26.65% | (94.37%) | Compare |
| YGFGF YanGuFang International Group Co., Ltd. | $23.5M | — | — | — | — | — | — | — | Compare |
| BRLS Borealis Foods Inc. | $22.5M | — (loss-making) | — | +7.63% (above 0%: growing) | n/m | +91.21% (above 0%: growing) | 11.39% | (27.97%) | |
| COOT Australian Oilseeds Holdings Limited | $21.3M | — (loss-making) | 2.8× | — | n/m | −52,908.22% (below 0%: shrinking) | 7.38% | 2.36% | Compare |
| Median of peers | $25.8M | — | 7.8× | +15.34% | — | −29.90% | 25.01% | (21.16%) |
Borealis Foods Inc. (BRLS) key facts
- Borealis Foods Inc. (BRLS) is a Packaged Foods company in the Consumer Defensive sector, listed on Nasdaq.
- As of October 16, 2026, BRLS traded at $1.05, a market capitalization of $22.5 million.
- Return on equity was 190.5% and debt-to-equity -0.01.
- Its Piotroski F-score is 5 out of 9 and its Altman Z-score is −4.10 (distress zone) for fiscal 2025.
Borealis Foods Inc. (BRLS) Latest News
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