Borealis Foods Inc. (BRLS)
Nasdaq: BRLS · Food and Kindred Products · Oakville, ON · filing with the SEC since 2021
Income statement, as filed
In US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.| Fiscal year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Period ending | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Report filed | Jun 2, 2026 | Apr 15, 2025 | Apr 15, 2024 | Mar 31, 2023 | Mar 31, 2022 |
| Revenue | 31,475,628 | 29,100,391 | 29,984,968 | · | · |
| Cost of revenue | 26,568,201 | 25,479,383 | 31,288,687 | · | · |
| Gross profit | 3,511,370 | 2,189,511 | -1,303,719 | 175,950,000 | 172,500,000 |
| Research and development | 202,000 | 197,000 | 460,000 | · | · |
| Selling, general and administrative | 14,547,355 | 22,594,486 | 18,645,431 | · | · |
| Total costs and expenses | · | · | 5,130,993 | 2,886,611 | · |
| Operating income | -11,035,985 | -20,404,975 | -19,949,150r | -2,886,611 | · |
| Interest expense | 5,985,962 | 5,060,678 | 7,276,583 | · | · |
| Interest and investment income | · | · | 5,159 | 4,010 | · |
| Other income (expense), net | -8,009,343 | -5,057,124 | · | · | · |
| Total non-operating income (expense) | · | -5,057,124 | -7,866,128 | · | · |
| Income before income taxes | -19,045,328 | -25,462,099 | · | · | · |
| Income tax expense | -66,710 | -134,901 | -336,031r | · | · |
| Income from continuing operations | 19,046,343 | 25,462,098 | · | · | · |
| Net income | -18,978,618 | -25,327,198 | -27,479,247r | -302,544 | · |
| Net income to common shareholders | -18,978,618 | -25,327,198 | · | · | · |
| Earnings per share, basic | -0.89 | -1.25 | -2.56 | · | · |
| Earnings per share, diluted | -0.89 | -1.25 | -2.56 | · | · |
| Weighted average shares, basic | 21,428,650 | 20,309,934 | 10,750,060 | · | · |
| Weighted average shares, diluted | 21,428,650 | 20,309,934 | 10,750,060 | · | · |
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it sold
us-gaap:Revenues
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTaxCost of revenue what it cost to make or buy what it sold
us-gaap:CostOfGoodsAndServicesSoldGross profit revenue less the cost of what it sold
us-gaap:GrossProfitResearch and development spent on inventing what it sells next
us-gaap:ResearchAndDevelopmentExpenseSelling, general and administrative the cost of selling and of running the company
us-gaap:SellingGeneralAndAdministrativeExpenseTotal costs and expenses every operating cost, the cost of revenue included
us-gaap:OperatingCostsAndExpensesOperating income profit from running the business, before interest and tax
us-gaap:OperatingIncomeLossInterest expense what its borrowing cost
us-gaap:InterestExpense
us-gaap:InterestExpenseNonoperatingInterest and investment income what its cash and investments earned
us-gaap:InvestmentIncomeInterest
us-gaap:InterestIncomeOtherOther income (expense), net gains and costs outside the business
us-gaap:OtherNonoperatingIncomeExpenseTotal non-operating income (expense) everything outside the business, together
us-gaap:NonoperatingIncomeExpenseIncome before income taxes profit before tax
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterestIncome tax expense tax charged on the period's profit
us-gaap:IncomeTaxExpenseBenefitIncome from continuing operations profit from the businesses it keeps
us-gaap:IncomeLossFromContinuingOperationsNet income the profit or loss that belongs to the company's shareholders
us-gaap:NetIncomeLossNet income to common shareholders what is left for common shareholders
us-gaap:NetIncomeLossAvailableToCommonStockholdersBasicEarnings per share, basic net income per share outstanding
us-gaap:EarningsPerShareBasicEarnings per share, diluted net income per share, counting every share that could be issued
us-gaap:EarningsPerShareDilutedWeighted average shares, basic the average count of shares outstanding
us-gaap:WeightedAverageNumberOfSharesOutstandingBasicWeighted average shares, diluted the average count with every share that could be issued
us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding