Borealis Foods Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	26.62	27.67	29.98	25.59	13.63
Revenue Growth (YoY)	-9.84%	-7.72%	17.17%	87.71%	-
Cost of Revenue	21.97	23.16	27.35	33.66	13.85
Gross Profit	4.65	4.51	2.63	-8.07	-0.21
Selling, General & Admin	19	20.89	12.77	14.99	10
Research & Development	0.2	0.2	0.46	-	-
Operating Expenses	21	23.41	17.17	14.99	10
Operating Income	-16.35	-18.9	-14.54	-23.06	-10.21
Interest Expense	-4.86	-5.06	-7.28	-3.22	-0.26
Currency Exchange Gain (Loss)	-0.01	0	0.07	0	-0
Other Non Operating Income (Expenses)	-	-	0.3	-	-
EBT Excluding Unusual Items	-21.22	-23.96	-21.44	-26.28	-10.48
Merger & Restructuring Charges	-	-1.51	-5.41	-	-
Gain (Loss) on Sale of Assets	-	-	-0.96	0.05	-
Other Unusual Items	-	-	-	-	0.38
Pretax Income	-21.22	-25.46	-27.82	-26.23	-10.1
Income Tax Expense	-0.13	-0.13	-0.34	0.06	0.02
Net Income	-21.08	-25.33	-27.48	-26.28	-10.12
Net Income to Common	-21.08	-25.33	-27.48	-26.28	-10.12
Shares Outstanding (Basic)	21	20	11	162	-
Shares Outstanding (Diluted)	21	20	11	162	-
Shares Change (YoY)	73.34%	88.93%	-93.38%	-	-
EPS (Basic)	-0.99	-1.25	-2.56	-0.16	-
EPS (Diluted)	-1.00	-1.25	-2.56	-0.16	-
Free Cash Flow	-10.81	-16.74	-22.47	-27.43	-27.99
Free Cash Flow Per Share	-0.51	-0.82	-2.09	-0.17	-
Gross Margin	17.46%	16.31%	8.78%	-31.53%	-1.56%
Operating Margin	-61.42%	-68.30%	-48.48%	-90.12%	-74.88%
Profit Margin	-79.20%	-91.54%	-91.64%	-102.70%	-74.24%
Free Cash Flow Margin	-40.61%	-60.50%	-74.94%	-107.20%	-205.33%
EBITDA	-14.54	-16.58	-10.6	-19.61	-8.11
EBITDA Margin	-54.62%	-59.91%	-35.35%	-76.63%	-59.49%
D&A For EBITDA	1.81	2.32	3.94	3.45	2.1
EBIT	-16.35	-18.9	-14.54	-23.06	-10.21
EBIT Margin	-61.42%	-68.30%	-48.48%	-90.12%	-74.88%
Revenue as Reported	26.62	27.67	29.98	-	-
Advertising Expenses	-	5.73	2.24	0.13	0.12

Updated Apr 15, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q