Filing Flows › Borealis Foods (BRLS) › Q4 2025
Borealis Foods (BRLS) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Jun 2, 2026
Borealis Foods (BRLS) reported revenue of $10.3M for the fourth quarter 2025 (Q4 2025), +26% from a year earlier and +46% from the quarter before. Operating margin was -27.5%, net loss $6.4M (62.0% of revenue).
Borealis Foods, Q4 2025: revenue $10.3M (+26% year over year), operating margin -27.5%, net loss $6.4M, operating cash flow −$2.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.3M | +46% | +26% |
| Operating profit | −$2.8M | — | — |
| Net earnings | −$6.4M | — | — |
| Operating cash flow | −$2.8M | — | — |
What changed
Revenue was $10.3M in Q4 2025, up 26% year over year and up 46% from the previous quarter.
Gross margin was 10.2%, up 7.1 points from Q4 2024. Operating costs exceeded revenue by $2.8M, an operating margin of -27.5%. Operating expenses fell 20% while revenue rose 26%. The quarter ended with a net loss of $6.4M, wider than the previous quarter's $3.8M loss. Net interest and other expense of $3.7M was the main reason.
Operating cash flow was −$2.8M. Non-cash charges added back $433K of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items added $1.9M.
Questions
What was Borealis Foods' revenue in the fourth quarter 2025?
Borealis Foods (BRLS) reported revenue of $10.3M for the fourth quarter 2025 (Q4 2025), +26% from a year earlier and +46% from the quarter before.
Was Borealis Foods profitable in the fourth quarter 2025?
Operating loss was $2.8M (-27.5% of revenue) and net loss $6.4M.
Source: Borealis Foods 10-K on SEC EDGAR.