Filing Flows › Borealis Foods (BRLS) › Q4 2024
Borealis Foods (BRLS) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Apr 15, 2025
Borealis Foods (BRLS) reported revenue of $8.2M for the fourth quarter 2024 (Q4 2024), +10% from a year earlier and +7% from the quarter before. Operating margin was -56.4%, net loss $5.8M (70.4% of revenue).
Borealis Foods, Q4 2024: revenue $8.2M (+10% year over year), operating margin -56.4%, net loss $5.8M, operating cash flow −$819K. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.2M | +7% | +10% |
| Operating profit | −$4.6M | — | — |
| Net earnings | −$5.8M | — | — |
| Operating cash flow | −$819K | — | — |
What changed
Revenue was $8.2M in Q4 2024, up 10% year over year and up 7% from the previous quarter.
Gross margin was 3.1%, down 4.4 points from a year earlier. Operating costs exceeded revenue by $4.6M, an operating margin of -56.4%. Operating expenses fell 4% while revenue rose 10%. The quarter ended with a net loss of $5.8M, wider than the previous quarter's $4.8M loss.
Operating cash flow was −$819K. Non-cash charges added back $463K of depreciation and amortization. Working capital and other items added $4.5M. Capital expenditures of $132K exceeded it, leaving free cash flow of −$1.0M.
Questions
What was Borealis Foods' revenue in the fourth quarter 2024?
Borealis Foods (BRLS) reported revenue of $8.2M for the fourth quarter 2024 (Q4 2024), +10% from a year earlier and +7% from the quarter before.
Was Borealis Foods profitable in the fourth quarter 2024?
Operating loss was $4.6M (-56.4% of revenue) and net loss $5.8M.
Source: Borealis Foods 10-K on SEC EDGAR.