Filing Flows › Borealis Foods (BRLS) › Q1 2026
Borealis Foods (BRLS) Q1 2026 earnings results (first quarter 2026)
10-Q filed Jun 30, 2026
Borealis Foods (BRLS) reported revenue of $7.8M for the first quarter 2026 (Q1 2026), +8% from a year earlier and -25% from the quarter before. Operating margin was -26.5%, net loss $3.5M (45.1% of revenue).
Borealis Foods, Q1 2026: revenue $7.8M (+8% year over year), operating margin -26.5%, net loss $3.5M, operating cash flow −$123K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.8M | -25% | +8% |
| Operating profit | −$2.1M | — | — |
| Net earnings | −$3.5M | — | — |
| Operating cash flow | −$123K | — | — |
What changed
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.
Questions
What was Borealis Foods' revenue in the first quarter 2026?
Borealis Foods (BRLS) reported revenue of $7.8M for the first quarter 2026 (Q1 2026), +8% from a year earlier and -25% from the quarter before.
Was Borealis Foods profitable in the first quarter 2026?
Operating loss was $2.1M (-26.5% of revenue) and net loss $3.5M.
Source: Borealis Foods 10-Q on SEC EDGAR.