---
title: "Borealis Foods Inc. FY 2025: Revenue $31.48M, EPS ($0.89) — 10-K Summary"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/288410526.md"
description: "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."
datetime: "2026-06-02T10:55:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/288410526.md)
  - [en](https://longbridge.com/en/news/288410526.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/288410526.md)
---

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

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.

**Financial Highlights**

Metric

Current year

Prior year

YoY change

Revenue¹

$31.48M

$29.1M

8.2%

Net income²

($18.98M)

($25.33M)

25.1%

Diluted EPS³

($0.89)

($1.25)

28.8%

_¹ Reported as “Gross sales”. ² Reported as “Net loss”. ³ Reported as “Loss per share from net loss”._

**Business Highlights**

-   Revenue concentration: Two customers accounted for roughly one-third of sales (about 33–35%), presenting material customer concentration risk.
-   Geographic mix: Sales were concentrated in the U.S., Canada, Central/South America and Europe, with growing international exposure.
-   Supply chain: Ten vendors made up approximately 47–54% of purchases; payables to key suppliers remain significant to operations.
-   Foreign exchange: Costs are incurred in CAD and EUR while sales are in USD, creating FX exposure with no hedging program disclosed.
-   Investment focus: Continued SG&A spending supports R&D, scale-up and business development to drive product innovation and future monetization.

Original SEC Filing: Borealis Foods Inc. \[ BRLS \] - 10-K - Jun. 02, 2026

**Disclaimer**

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.

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