BRLSW · Borealis Foods Inc. · Financials
Substantial doubt about the company's ability to continue as a going concern.
“Notwithstanding these transactions, management has concluded under ASC 205-40 that substantial doubt about the Company's ability to continue as a going concern has not been alleviated. Material conditions remain, including: (i) the requirement to consummate at least $70.00 million of equity financing at $9.00 per share on or before July 1, 2026, for which the Company has no commitments and which threshold is substantially above recent trading prices of the Common Shares; (ii) if such financing is not consummated, the contractual conversion of approximately $29.13 million of related-party indebtedness (plus approximately $4.26 million of accrued interest as of June 30, 2026) into Common Shares, which conversion is itself subject to receipt of shareholder approvals required under Nasdaq Listing Rules 5635(b) and 5635(d) that have not been obtained; (iii) the Company's continued reliance on demand and past-due obligations to related parties; and (iv) the fact that the Company's total liabilities continue to exceed total assets.”View the 10-Q filed Jun 30, 2026
Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| $32.03M | $31.48M | $29.1M | $29.98M | — | — | |
| — | $30.08M | $27.67M | — | — | — | |
| $27.15M | $26.57M | $25.48M | $31.29M | — | — | |
| $3.45M | $3.51M | $2.19M | -$1.3M | $175.95M | $172.5M | |
| — | 11.16% | 7.52% | -4.35% | — | — | |
| $200K | $202K | $197K | $460K | — | — | |
| $13.63M | $14.55M | $22.59M | $18.65M | — | — | |
| $1.75M | $1.84M | $2.32M | $3.94M | — | — | |
| — | — | — | $5.13M | $2.89M | — | |
| -$10.18M | -$11.04M | -$20.4M | -$19.95M | -$2.89M | — | |
| — | -35.06% | -70.12% | -66.53% | — | — | |
| -$8.43M | -$9.19M | -$18.08M | -$16.01M | — | — | |
| $6.18M | $5.99M | $5.06M | $7.28M | — | — | |
| — | — | — | $5159 | $4010 | — | |
| -$8.19M | -$8.01M | -$5.06M | -$7.87M | — | — | |
| -$18.37M | -$19.05M | -$25.46M | — | — | — | |
| — | -$66.71K | -$134.9K | -$336.03K | — | — | |
| -$18.3M | -$18.98M | -$25.33M | -$27.48M | -$302.54K | — | |
| — | -60.3% | -87.03% | -91.64% | — | — | |
| -$18.3M | -$18.98M | -$25.33M | — | — | — | |
| USD/shares | -$0.85 | -$0.89 | -$1.25 | -$2.56 | — | — |
| USD/shares | -$0.85 | -$0.89 | -$1.25 | -$2.56 | — | — |
| shares | — | 21.43M | 20.31M | 10.75M | — | — |
| shares | — | 21.43M | 20.31M | 10.75M | — | — |
Debt Profile
Processing began with filings dated Sep 30, 2026 · latest terminal result Sep 30, 2026Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.
Reported debt balances
Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.
| Reported balance | As of | Amount | Source |
|---|---|---|---|
| Current finance lease liabilities | 2026-03-31 | USD 668,338 | 10-Q filed 2026-06-30 |
| Current operating lease liabilities | 2026-03-31 | USD 37,912 | 10-Q filed 2026-06-30 |
| Current portion of line of credit borrowings | 2026-03-31 | USD 2,209,383 | 10-Q filed 2026-06-30 |
| Loans payable, including current maturities | 2026-03-31 | USD 5,433,713 | 10-Q filed 2026-06-30 |
| Noncurrent finance lease liabilities | 2026-03-31 | USD 312,356 | 10-Q filed 2026-06-30 |
| Noncurrent operating lease liabilities | 2026-03-31 | USD 110,928 | 10-Q filed 2026-06-30 |
| Notes payable, including current maturities | 2026-03-31 | USD 5,433,713 | 10-Q filed 2026-06-30 |
Related accounting measures — not additional borrowingCarrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.
| |||
Covenants
Covenant terms have not yet been verified for this profile.
The balance figures do not establish whether covenants apply or whether the company complies with them.
Loans, facilities and notes
The instrument breakdown is not yet verified. Read the debt note in the linked report for borrowing terms and maturity conditions.
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Geography (USD)
| Component | FY2025 | FY2024 |
|---|---|---|
| Southeast Region | $10,695,000 | $11,933,000 |
| Midwest Region | $9,446,000 | $4,307,000 |
| Southwest Region | $3,400,000 | $2,731,000 |
| Northeast Region | $2,441,000 | $1,547,000 |
| Mountain | $2,186,000 | $1,422,000 |
| Pacific | $1,839,000 | $5,109,000 |
| International | $1,469,000 | $2,051,000 |