Filing Flows › Consumer Staples › Borealis Foods (BRLS)
Borealis Foods (BRLS) earnings and revenue breakdown
Latest: Q1 2026 · 10-Q filed Jun 30, 2026 · Borealis Foods (BRLS) Q1 2026 earnings results →
Q1 2026 Revenue up 8% year over year to $7.8M · 45¢ of every $1 of revenue lost · operating margin -26.5%
Borealis Foods made $7.8M in Q1 2026 (+8% Y/Y). Operating margin -26.5%, net loss $3.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Jun 30, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $7.8M in Q1 2026, up 8% year over year and down 25% from the previous quarter.
Gross margin was 10.8%, down 1.7 points from Q1 2025. Operating costs exceeded revenue by $2.1M, an operating margin of -26.5%. Operating expenses fell 24% while revenue rose 8%. The quarter ended with a net loss of $3.5M, narrower than the previous quarter's $6.4M loss.
Operating cash flow was −$123K. Non-cash charges added back $386K of depreciation. Working capital and other items added $3.0M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q1 2026 | 10-Q | Jun 30, 2026 | $7.8M | +8% | -26.5% | −$3.5M | −$123K |
| Q4 2025 | 10-K | Jun 2, 2026 | $10.3M | +26% | -27.5% | −$6.4M | −$2.8M |
| Q3 2025 | 10-Q | Nov 19, 2025 | $7.1M | -8% | -27.1% | −$3.8M | −$191K |
| Q2 2025 | 10-Q | Aug 19, 2025 | $7.2M | +35% | -46.7% | −$4.6M | −$2.2M |
| Q1 2025 | 10-Q | May 20, 2025 | $6.8M | -13% | -42.6% | −$4.2M | −$1.4M |
| Q4 2024 | 10-K | Apr 15, 2025 | $8.2M | +10% | -56.4% | −$5.8M | −$819K |
| Q3 2024 | 10-Q | Nov 14, 2024 | $7.7M | -0.5% | -47.1% | −$4.8M | −$3.3M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
Loading the interactive chart…
🌏Named in Asian annual reportsinteractive
Loading the interactive chart…
🔄Rotation against the market and its industry (RRG)interactive
Loading the interactive chart…
🔍Earnings qualityinteractive
Loading the interactive chart…
⚖️Fair value by methodinteractive
Loading the interactive chart…
🔭Outlook & guidanceinteractive
Loading the interactive chart…
📈Investments: gains and what it boughtinteractive
Loading the interactive chart…
🏭Its industry’s money flow (input-output)interactive
Loading the interactive chart…
About Borealis Foods
Borealis Foods is a pioneering, integrated food science and manufacturing company that is redefining affordable nutrition. Known for popular ramen noodle brands like the high protein Chef Woo, Chef Ramsay, Ramen Express, and Woodles, Borealis Foods brings innovative fusion flavors from diverse culinary traditions, creating delicious and nutritious meal options for consumers. With U.S.-based production facilities, the company’s portfolio reflects a commitment to quality, innovation, and sustainability. An essential aspect of Borealis Foods’ success is its strategic partnerships with prominent national and international food producers, retailers, and distributors.
In its own words, from its 10-K, filed Jun 2, 2026.
Borealis Foods against its Food and Kindred Products peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +8% against the peers' median -4%. Operating margin: -26.5% against the peers' median 9.0%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| BRLS Borealis Foods | Q1 2026 | $7.8M | +8% | -26.5% |
| MDLZ Mondelez International | Q3 2026 | $10.0B | +2% | 17.6% |
| CAG Conagra Brands | Q1 FY27 | $2.6B | -1% | 10.3% |
| CPB Campbell's | Q4 FY26 | $2.1B | -8% | 0.2% |
| FLO Flowers Foods | Q2 2026 | $1.2B | -4% | 5.7% |
| BRBR Bellring Brands | Q3 FY26 | $570M | +4% | 11.5% |
| BGS B&G Foods | Q2 2026 | $383M | -10% | 9.0% |
| SMPL Simply Good Foods | Q4 FY26 | $333M | -10% | 13.8% |
| HAIN Hain Celestial Group | Q4 FY26 | $263M | -28% | -21.2% |
Source: Borealis Foods 10-Q on SEC EDGAR · CIK 1852973 · Food and Kindred Products
13F: who owns BRLS and who is buying
More on BRLS
History
Every quarter: Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results · Q3 2024 results