<div><div></div><div><span><p><span>Borealis Foods Inc. reported fiscal 2025 results showing revenue of $31.48M and a net loss of ($18.98M), with diluted loss per share of ($0.89), an improvement versus the prior year — 10-K Summary.</span></p><p><strong><span>Financial Highlights</span></strong></p><div><table><tbody><tr><td><span>Metric</span></td><td><span>Current year</span></td><td><span>Prior year</span></td><td><span>YoY change</span></td></tr><tr><td><span>Revenue¹</span></td><td><span>$31.48M</span></td><td><span>$29.1M</span></td><td><span>8.2%</span></td></tr><tr><td><span>Net income²</span></td><td><span>($18.98M)</span></td><td><span>($25.33M)</span></td><td><span>25.1%</span></td></tr><tr><td><span>Diluted EPS³</span></td><td><span>($0.89)</span></td><td><span>($1.25)</span></td><td><span>28.8%</span></td></tr></tbody></table></div><p><em><span>¹ Reported as “Gross sales”. ² Reported as “Net loss”. ³ Reported as “Loss per share from net loss”.</span></em></p><p><strong><span>Business Highlights</span></strong></p><ul><li><span>Revenue concentration: Two customers accounted for roughly one-third of sales (about 33–35%), presenting material customer concentration risk.</span></li><li><span>Geographic mix: Sales were concentrated in the U.S., Canada, Central/South America and Europe, with growing international exposure.</span></li><li><span>Supply chain: Ten vendors made up approximately 47–54% of purchases; payables to key suppliers remain significant to operations.</span></li><li><span>Foreign exchange: Costs are incurred in CAD and EUR while sales are in USD, creating FX exposure with no hedging program disclosed.</span></li><li><span>Investment focus: Continued SG&amp;A spending supports R&amp;D, scale-up and business development to drive product innovation and future monetization.</span></li></ul><p><span>Original SEC Filing: </span>Borealis Foods Inc. [ BRLS ] - 10-K - Jun. 02, 2026</p><section><b><span class="heading-JaE7wgR2">Disclaimer</span></b><div><span>This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.</span></div></section></span></div></div>

BRLS

BRLSW

<p>Borealis Foods Inc. reported FY2025 results with revenue of $31.48M, an 8.2% increase year-over-year, and a net loss of ($18.98M), improving from the prior year's ($25.33M). Diluted EPS was ($0.89), up 28.8%. The company faces customer concentration risk, significant supplier payables, and foreign exchange exposure without hedging. Continued SG&A spending supports R&D and business development.</p>

Borealis Foods Inc. FY 2025: Revenue $31.48M, EPS ($0.89) — 10-K Summary