Borealis Foods Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Revenue | $31.5M | $29.1M | $30.0M |
| Cost of Revenue | $26.6M | $25.5M | $31.3M |
| Gross Profit | $3.5M | $2.2M | $-1.3M |
| Gross Margin | 11.2% | 7.5% | -4.3% |
| Operating Expenses | |||
| Research & Development | $202.0K | $197.0K | $460.0K |
| SG&A Expense | $14.5M | $22.6M | $18.6M |
| Operating Income | $-11.0M | $-20.4M | $-19.9M |
| Operating Margin | -35.1% | -70.1% | -66.5% |
| Interest Expense | $6.0M | $5.1M | — |
| Pretax Income | $-19.0M | $-25.5M | — |
| Income Tax Expense | $-66.7K | $-134.9K | $-336.0K |
| Net Income | $-19.0M | $-25.3M | $-27.5M |
| Net Margin | -60.3% | -87.0% | -91.6% |
| EPS (Basic) | $-0.89 | $-1.25 | $-2.56 |
| EPS (Diluted) | $-0.89 | $-1.25 | $-2.56 |
| Shares Outstanding (Basic) | 21.4M | 20.3M | 10.8M |
| Shares Outstanding (Diluted) | 21.4M | 20.3M | 10.8M |
| Dividends Per Share | — | — | — |