Filing Flows › Borealis Foods (BRLS) › Q2 2025
Borealis Foods (BRLS) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 19, 2025
Borealis Foods (BRLS) reported revenue of $7.2M for the second quarter 2025 (Q2 2025), +35% from a year earlier and +5% from the quarter before. Operating margin was -46.7%, net loss $4.6M (64.0% of revenue).
Borealis Foods, Q2 2025: revenue $7.2M (+35% year over year), operating margin -46.7%, net loss $4.6M, operating cash flow −$2.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.2M | +5% | +35% |
| Operating profit | −$3.4M | — | — |
| Net earnings | −$4.6M | — | — |
| Operating cash flow | −$2.2M | — | — |
What changed
Revenue was $7.2M in Q2 2025, up 35% year over year and up 5% from the previous quarter.
Gross margin was 7.2%, down 0.8 points from a year earlier. Operating costs exceeded revenue by $3.4M, an operating margin of -46.7%. Operating expenses fell 31% while revenue rose 35%. The quarter ended with a net loss of $4.6M, wider than the previous quarter's $4.2M loss.
Operating cash flow was −$2.2M. Non-cash charges added back $474K of depreciation and amortization and $255K of share-based compensation. Working capital and other items added $1.7M.
Questions
What was Borealis Foods' revenue in the second quarter 2025?
Borealis Foods (BRLS) reported revenue of $7.2M for the second quarter 2025 (Q2 2025), +35% from a year earlier and +5% from the quarter before.
Was Borealis Foods profitable in the second quarter 2025?
Operating loss was $3.4M (-46.7% of revenue) and net loss $4.6M.
Source: Borealis Foods 10-Q on SEC EDGAR.