Filing Flows › Borealis Foods (BRLS) › Q3 2025
Borealis Foods (BRLS) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 19, 2025
Borealis Foods (BRLS) reported revenue of $7.1M for the third quarter 2025 (Q3 2025), -8% from a year earlier and -1% from the quarter before. Operating margin was -27.1%, net loss $3.8M (53.2% of revenue).
Borealis Foods, Q3 2025: revenue $7.1M (-8% year over year), operating margin -27.1%, net loss $3.8M, operating cash flow −$191K. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.1M | -1% | -8% |
| Operating profit | −$1.9M | — | — |
| Net earnings | −$3.8M | — | — |
| Operating cash flow | −$191K | — | — |
What changed
Revenue was $7.1M in Q3 2025, down 8% year over year and down 1% from the previous quarter.
Gross margin was 14.6%, down 1.9 points from Q3 2024. Operating costs exceeded revenue by $1.9M, an operating margin of -27.1%. Operating expenses fell 39% while revenue fell 8%. The quarter ended with a net loss of $3.8M, narrower than the previous quarter's $4.6M loss.
Operating cash flow was −$191K. Non-cash charges added back $1.4M of depreciation and amortization and $3K of share-based compensation. Working capital and other items added $2.2M.
Questions
What was Borealis Foods' revenue in the third quarter 2025?
Borealis Foods (BRLS) reported revenue of $7.1M for the third quarter 2025 (Q3 2025), -8% from a year earlier and -1% from the quarter before.
Was Borealis Foods profitable in the third quarter 2025?
Operating loss was $1.9M (-27.1% of revenue) and net loss $3.8M.
Source: Borealis Foods 10-Q on SEC EDGAR.