Filing Flows › Borealis Foods (BRLS) › Q1 2025
Borealis Foods (BRLS) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 20, 2025
Borealis Foods (BRLS) reported revenue of $6.8M for the first quarter 2025 (Q1 2025), -13% from a year earlier and -16% from the quarter before. Operating margin was -42.6%, net loss $4.2M (61.2% of revenue).
Borealis Foods, Q1 2025: revenue $6.8M (-13% year over year), operating margin -42.6%, net loss $4.2M, operating cash flow −$1.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.8M | -16% | -13% |
| Operating profit | −$2.9M | — | — |
| Net earnings | −$4.2M | — | — |
| Operating cash flow | −$1.4M | — | — |
What changed
Revenue was $6.8M in Q1 2025, down 13% year over year and down 16% from the previous quarter.
Gross margin was 13.1%, up 10.1 points from a year earlier. Operating costs exceeded revenue by $2.9M, an operating margin of -42.6%. Operating expenses fell 47% while revenue fell 13%. The quarter ended with a net loss of $4.2M, narrower than the previous quarter's $5.8M loss.
Operating cash flow was −$1.4M. Non-cash charges added back $481K of depreciation and amortization and $58K of share-based compensation. Working capital and other items added $2.3M. Capital expenditures of $16K exceeded it, leaving free cash flow of −$1.4M.
Questions
What was Borealis Foods' revenue in the first quarter 2025?
Borealis Foods (BRLS) reported revenue of $6.8M for the first quarter 2025 (Q1 2025), -13% from a year earlier and -16% from the quarter before.
Was Borealis Foods profitable in the first quarter 2025?
Operating loss was $2.9M (-42.6% of revenue) and net loss $4.2M.
Source: Borealis Foods 10-Q on SEC EDGAR.