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    Borealis Foods Inc.

    Company overview

    Market capitalization
    $27.47M
    Employees
    140
    Latest publication
    2026-09-29
    About Borealis Foods Inc.

    Borealis Foods Inc. provides nutritious and ready-to-eat food products in the United States, Canada, and internationally. It provides ramen noodles under the Chef Woo, Chef Ramsay, Ramen Express, and Woodles brands. The company sells its products through retail stores, merchandisers, club stores, and supermarkets, as well as e-commerce distributors. Borealis Foods Inc. is based in Oakville, Canada.

    Company website

    Financial statements

    Income Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ4 20242024-12-31 · USDQ4 20232023-12-31 · USDQ3 20232023-09-30 · USDQ4 20222022-12-31 · USDQ3 20222022-09-30 · USDQ2 20222022-06-30 · USD
    Total Revenue7,367,783USD8,941,882USD6,760,282USD1,117,336USD-985,331USD746,080USD1,037,533USD537,446USD
    Cost Of Revenue6,528,892USD7,885,757USD6,508,937USD7,652,860USD8,202,152USD9,058,213USD——
    Gross Profit838,891USD1,056,125USD251,345USD1,117,336USD-985,331USD746,080USD1,037,533USD537,446USD
    Selling General Administrative2,900,040USD3,894,132USD4,872,911USD1,117,338USD3,437,655USD746,085USD1,037,536USD537,448USD
    Total Operating Expenses2,900,040USD11,779,889USD11,381,848USD2,234,676USD3,437,655USD1,492,170USD2,075,072USD1,074,896USD
    Operating Income-2,061,149USD-2,838,007USD-4,621,566USD-1,117,340USD-4,422,986USD-746,090USD-1,037,539USD-537,450USD
    Total Other Income Expense Net-1,451,269USD-2,009,178USD186USD-1,955,254USD2,246,311USD17,364USD-1,264,786USD-824,989USD
    Interest Expense1,450,126USD1,643,595USD1,294,136USD1,458,607USD2,166,413USD1,530,582USD——
    Revenue Net Of Interest Expense7,367,783USD———————
    Income Before Tax-3,512,418USD-6,490,780USD-5,915,516USD-3,072,594USD-2,176,675USD-728,726USD-2,302,325USD-1,362,439USD
    Income Tax Expense0USD——-2,234,674USD-1,255,540USD-1,492,165USD-2,075,069USD-1,074,894USD
    Net Income-3,512,418USD-6,410,083USD-5,765,667USD-837,920USD-921,135USD763,439USD-227,256USD-287,545USD
    Unclassified Operating Expenses—7,885,757USD6,508,937USD—————
    Net Interest Income—-1,643,595USD-1,294,136USD-1,458,607USD-2,166,413USD-1,530,582USD——
    Tax Provision—-80,697USD-149,849USD0USD0USD-124USD——
    Net Income From Continuing Ops—-6,410,083USD-5,765,667USD-8,431,622USD-6,585,101USD-5,935,580USD——
    Reconciled Depreciation—433,644USD462,266USD994,202USD996,625USD961,956USD——
    Ebit——-4,621,566USD-837,916USD-4,147,343USD763,437USD-227,256USD-287,548USD
    Selling And Marketing Expenses———1,117,338USD—746,085USD1,037,536USD537,448USD
    Ebitda———-794,104USD-3,150,718USD818,317USD-200,175USD-201,483USD
    Depreciation And Amortization———43,812USD996,625USD54,880USD27,081USD86,065USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Income Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20232023-12-31 · USD
    Total Revenue5,130,996USD
    Cost Of Revenue31,288,687USD
    Gross Profit5,130,996USD
    Selling General Administrative5,130,993USD
    Selling And Marketing Expenses5,130,993USD
    Total Operating Expenses10,261,986USD
    Operating Income-5,130,990USD
    Interest Income5,159USD
    Interest Expense7,276,583USD
    Net Interest Income5,159USD
    Income Before Tax-13,203,392USD
    Income Tax Expense-10,261,989USD
    Tax Provision-336,031USD
    Net Income-2,941,403USD
    Net Income From Continuing Ops-2,941,403USD
    Ebit-2,941,404USD
    Ebitda-2,773,509USD
    Depreciation And Amortization167,895USD
    Reconciled Depreciation3,936,655USD
    Total Other Income Expense Net-8,072,402USD
    SourceLegacy providerLegacy

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
    Total Assets50,946,579USD52,573,331USD56,297,596USD57,274,635USD58,397,557USD60,006,083USD61,911,526USD63,594,502USD
    Total Current Assets6,824,563USD8,055,280USD9,470,623USD9,930,674USD10,571,371USD11,799,583USD13,427,760USD15,146,038USD
    Other Current Assets1,069,601USD760,616USD769,073USD402,200USD848,349USD1,134,611USD1,048,029USD1,811,416USD
    Other Non Current Assets169,685USD———————
    Total Liabilities73,649,459USD———————
    Total Current Liabilities71,846,949USD69,816,703USD64,119,395USD39,423,539USD35,869,226USD25,406,490USD30,298,705USD28,656,274USD
    Total Stockholder Equity-22,702,880USD-19,230,587USD-12,948,578USD-9,170,756USD-4,825,308USD-695,886USD5,069,781USD9,901,950USD
    Total Equity Including Noncontrolling Interest-22,702,880USD———————
    Net Receivables1,742,569USD2,648,229USD2,574,783USD2,319,901USD1,779,092USD1,965,748USD2,907,790USD2,545,286USD
    Inventory3,532,536USD4,582,576USD5,997,898USD7,001,994USD7,751,394USD8,046,259USD8,750,399USD7,660,596USD
    Property Plant Equipment Net43,654,290USD44,050,325USD44,356,222USD44,820,911USD45,325,323USD45,800,152USD46,143,708USD46,151,345USD
    Intangible Assets298,041USD298,041USD383,710USD351,009USD328,822USD319,307USD253,017USD210,078USD
    Accounts Payable17,363,227USD16,046,886USD14,030,501USD13,990,784USD13,047,438USD11,529,803USD8,596,330USD6,863,791USD
    Short Term Debt37,912USD—30,954,314USD6,578,175USD6,309,335USD—6,274,922USD6,365,030USD
    Retained Earnings-113,283,610USD-109,771,192USD-103,361,109USD-99,580,288USD-94,980,162USD-90,792,574USD-85,026,907USD-80,194,738USD
    Total Liab—71,803,918USD69,246,174USD66,445,391USD63,222,865USD60,701,969USD56,841,745USD53,692,552USD
    Capital Stock—0USD0USD0USD0USD0USD0USD0USD
    Good Will—0USD1,917,356USD1,917,356USD1,917,356USD1,917,356USD1,917,356USD1,917,356USD
    Cash—63,859USD128,869USD206,579USD192,536USD652,965USD721,542USD3,128,740USD
    Net Debt—25,727,617USD34,492,301USD31,933,525USD32,010,515USD29,882,020USD30,530,187USD26,706,335USD
    Short Long Term Debt—25,791,476USD30,316,573USD5,956,085USD5,706,085USD5,456,934USD5,706,934USD5,767,046USD
    Property Plant Equipment Gross—59,665,158USD59,534,174USD59,545,650USD59,576,188USD59,686,485USD59,375,982USD58,913,854USD
    Common Stock Shares Outstanding—21,463,306shares21,407,493shares21,407,493shares21,379,347shares21,378,890shares21,378,890shares21,378,890shares
    Non Current Assets Total—44,518,051USD46,826,973USD47,343,961USD47,826,186USD48,206,500USD48,483,766USD48,448,464USD
    Non Current Liabilities Total—1,987,215USD5,126,779USD27,021,852USD27,353,639USD35,295,479USD26,543,040USD25,036,278USD
    Non Currrent Assets Other—169,685USD169,685USD254,685USD254,685USD169,685USD169,685USD169,685USD
    Net Working Capital—-61,761,423USD-54,648,772USD-29,492,865USD-25,297,855USD-13,606,907USD-16,870,945USD-13,510,236USD
    Unclassified Current Liabilities—27,978,341USD-30,316,573USD-5,956,085USD-5,706,085USD8,419,753USD-5,706,934USD-5,767,046USD
    Unclassified Non Current Liabilities—1,987,215USD2,126,779USD2,289,170USD2,448,273USD10,217,428USD2,893,155USD3,024,670USD
    Unclassified Equity—90,540,605USD90,412,531USD90,409,532USD90,154,854USD90,096,688USD90,096,688USD90,096,688USD
    Other Current Liab——19,134,580USD18,854,580USD16,512,453USD—15,427,453USD15,427,453USD
    Cash And Short Term Investments——128,869USD206,579USD192,536USD—721,542USD3,128,740USD
    Short Long Term Debt Total——34,621,170USD32,140,104USD32,203,051USD—31,251,729USD29,835,075USD
    Long Term Debt——3,000,000USD24,732,682USD24,905,366USD25,078,051USD23,649,885USD22,011,608USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USD
    Total Assets60,006,083USD22,044,036USD179,620,771USD57,383,539USD
    Intangible Assets319,307USD———
    Other Current Assets1,134,611USD29,600USD236,002USD436,170USD
    Total Liab60,701,969USD7,487,224USD2,501,153USD29,299,197USD
    Total Stockholder Equity-695,886USD14,556,812USD176,948,589USD28,084,342USD
    Other Current Liab7,825,792USD3,499,224USD1,001,153USD6,945,038USD
    Capital Stock0USD21,921,782USD178,533,409USD0USD
    Retained Earnings-90,792,574USD-7,364,970USD-1,584,820USD-11,704,204USD
    Good Will1,917,356USD1,917,356USD1,917,356USD1,917,356USD
    Other Assets-11,787,783,417USD———
    Cash652,965USD93,115USD680,792USD2,905,351USD
    Cash And Short Term Investments652,965USD93,115USD680,792USD2,905,351USD
    Total Current Assets11,799,583USD122,715USD916,794USD11,573,984USD
    Total Current Liabilities25,406,490USD7,487,224USD2,501,153USD17,381,841USD
    Net Debt31,631,825USD3,894,885USD819,208USD10,283,221USD
    Short Term Debt6,050,895USD3,988,000USD1,500,000USD3,188,572USD
    Short Long Term Debt5,456,934USD3,988,000USD25,430,000USD3,188,572USD
    Short Long Term Debt Total32,284,790USD3,988,000USD1,500,000USD13,188,572USD
    Long Term Debt25,078,051USD16,509,189USD13,000,000USD10,000,000USD
    Short Term Investments652,312,035USD———
    Net Receivables1,965,748USD1,775,756USD2,592,757USD2,133,786USD
    Inventory8,046,259USD6,945,028USD6,284,665USD6,098,677USD
    Accounts Payable11,529,803USD10,887,730USD158,640USD7,248,231USD
    Property Plant Equipment Net45,800,152USD46,517,009USD46,841,749USD43,845,699USD
    Property Plant Equipment Gross59,570,462USD57,890,094USD54,564,622USD48,116,129USD
    Common Stock Shares Outstanding20,309,934shares9,076,396shares21,862,500shares10,099,736shares
    Non Current Assets Total48,206,500USD21,921,321USD178,703,977USD45,809,555USD
    Non Current Liabilities Total35,295,479USD19,829,849USD17,112,232USD11,917,356USD
    Non Currrent Assets Other169,685USD21,921,321USD171,029USD46,500USD
    Net Working Capital-13,606,907USD-7,364,509USD-27,178,245USD-5,807,857USD
    Unclassified Current Assets-652,312,035USD-8,720,784USD-8,877,422USD—
    Unclassified Current Liabilities-5,456,934USD-14,875,730USD-25,588,640USD-3,188,572USD
    Unclassified Non Current Liabilities10,217,428USD3,320,660USD4,112,232USD1,917,356USD
    Unclassified Equity90,096,688USD—-178,533,409USD-136,161,915USD
    Common Stock—461USD461USD461USD
    Accumulated Other Comprehensive Income—-461USD178,532,948USD175,950,000USD
    Unclassified Non Current Assets—-48,434,365USD129,773,843USD—
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
    Net Income-3,512,418USD-6,410,083USD-3,780,821USD-4,600,126USD-4,187,588USD-5,765,667USD-4,832,169USD-8,431,622USD
    Depreciation386,044USD433,644USD453,214USD473,874USD480,554USD462,266USD461,540USD994,202USD
    Unclassified Operating Cash Flow3,198USD1,595,446USD—————-1,273,053USD
    Change To Account Receivables872,663USD233,405USD-254,882USD-877,659USD234,308USD1,015,039USD-399,995USD2,470,251USD
    Change To Inventory1,080,160USD1,439,766USD1,091,426USD1,227,829USD421,189USD-32,844USD-1,077,434USD-793,500USD
    Change To Liabilities1,316,341USD———————
    Change In Working Capital3,000,304USD1,147,425USD3,143,205USD1,738,901USD2,373,773USD3,848,132USD1,011,101USD2,252,751USD
    Operating Cash Flow-122,872USD———————
    Financing Cash Flow538,870USD———————
    Change In Cash415,998USD-65,010USD-77,710USD14,043USD-460,429USD-68,577USD-1,392,756USD-5,547,042USD
    End Cash Flow479,857USD———————
    Stock Based Compensation—128,075USD2,998USD254,678USD58,166USD0USD0USD1,273,053USD
    Other Non Cash Items—266,781USD-9,164USD-64,265USD-97,510USD78,166USD103,287USD425,765USD
    Total Cash From Operating Activities—-2,838,712USD-190,568USD-2,196,938USD-1,372,605USD-819,425USD-3,256,241USD-4,758,904USD
    Capital Expenditures—-4,413USD-32,701USD-5,958USD-25,744USD-198,485USD-496,842USD-724,399USD
    Free Cash Flow—-2,843,125USD-223,269USD-2,202,896USD-1,398,349USD-1,017,910USD-3,753,083USD-5,483,303USD
    Net Borrowings—-5,383,190USD-134,441USD-128,266USD-147,080USD949,333USD1,356,271USD—
    Total Cash From Financing Activities—2,778,115USD145,559USD2,213,861USD937,920USD949,333USD2,329,093USD-123,853USD
    Begin Period Cash Flow—128,869USD206,579USD192,536USD652,965USD721,542USD3,128,740USD8,211,050USD
    End Period Cash Flow—63,859USD128,869USD206,579USD192,536USD652,965USD1,735,984USD2,664,008USD
    Unclassified Financing Cash Flow—8,161,305USD——4,314,510USD—1,099,242USD—
    Investments——-32,701USD-2,880USD-25,744USD-198,485USD-496,842USD-724,399USD
    Total Cashflows From Investing Activities——-32,701USD-2,880USD-25,744USD—-465,608USD-664,285USD
    Other Cashflows From Investing Activities——-3,131,161USD13USD-9,515USD—-42,939USD63,575USD
    Other Cashflows From Financing Activities——280,000USD2,342,127USD1,085,000USD—-126,420USD-124,589USD
    Unclassified Investing Cash Flow——3,163,862USD—————
    Sale Purchase Of Stock————-4,314,510USD———
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USD
    Net Income-18,978,618,000USD-25,327,198USD-302,544USD-10,121,180USD
    Depreciation1,841,286,000USD2,323,617USD3,451,405USD2,097,510USD
    Stock Based Compensation443,917,000USD1,273,053USD514,489USD0USD
    Other Non Cash Items10,166,885,696USD1,037,634USD-6,545,951USD433,795USD
    Change To Account Receivables-664,828USD-213,212USD-1,572,354USD-765,914USD
    Change To Inventory4,180,210USD-1,804,681USD421,338USD-3,446,849USD
    Change In Working Capital8,403,304USD13,729,085USD776,883USD805,327USD
    Total Cash From Operating Activities-6,598,823,000USD-7,070,118USD-2,105,718USD-6,784,548USD
    Capital Expenditures-3,078,000USD-1,970,710USD-3,379,324USD-21,207,893USD
    Free Cash Flow-6,595,745,000USD-9,040,828USD-5,485,042USD-27,992,441USD
    Total Cashflows From Investing Activities-65,738,000USD-1,907,135USD-3,329,324USD-21,207,893USD
    Net Borrowings-5,792,977USD10,034,013USD1,500,000USD10,611,036USD
    Total Cash From Financing Activities6,075,455,000USD9,468,026USD1,663,126USD27,524,794USD
    Change In Cash-589,106,000USD490,773USD-442,592USD-467,647USD
    Begin Period Cash Flow652,965,000USD7,615,630USD1,123,384USD3,372,998USD
    End Period Cash Flow63,859,000USD8,106,403USD680,792USD2,905,351USD
    Other Cashflows From Investing Activities-68,816,000USD-255,732USD3,379,324USD175,950,000USD
    Other Cashflows From Financing Activities6,081,247,977USD-565,987USD163,126USD-1,736,242USD
    Unclassified Operating Cash Flow-80,697,000USD———
    Unclassified Investing Cash Flow6,156,000USD2,226,442USD—-154,742,107USD
    Investments—-1,907,135USD-3,329,324USD-21,207,893USD
    Sale Purchase Of Stock——0USD—
    Issuance Of Capital Stock——1,000,000USD18,650,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Operating metrics

    No operating metrics are currently published for this company.

    Revenue breakdown

    PeriodDimensionBusiness / regionRevenueCurrencySource
    Q1 2026Quarterly · 2026-03-31GeographyInternational406,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31GeographyMidwest Region3,578,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31GeographyMountain1,425,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31GeographyNortheast Region265,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31GeographyPacific179,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31GeographySoutheast Region1,447,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31GeographySouthwest Region482,000USDDisclosure
    FY 2025Yearly · 2025-12-31GeographyInternational1,469,000USD0001213900-26-063777
    FY 2025Yearly · 2025-12-31GeographyMidwest Region9,446,000USD0001213900-26-063777
    FY 2025Yearly · 2025-12-31GeographyMountain2,186,000USD0001213900-26-063777
    FY 2025Yearly · 2025-12-31GeographyNortheast Region2,441,000USD0001213900-26-063777
    FY 2025Yearly · 2025-12-31GeographyPacific1,839,000USD0001213900-26-063777
    FY 2025Yearly · 2025-12-31GeographySoutheast Region10,695,000USD0001213900-26-063777
    FY 2025Yearly · 2025-12-31GeographySouthwest Region3,400,000USD0001213900-26-063777
    FY 2024Yearly · 2024-12-31GeographyInternational2,051,000USD0001213900-26-063777
    FY 2024Yearly · 2024-12-31GeographyMidwest Region4,307,000USD0001213900-26-063777
    FY 2024Yearly · 2024-12-31GeographyMountain1,422,000USD0001213900-26-063777
    FY 2024Yearly · 2024-12-31GeographyNortheast Region1,547,000USD0001213900-26-063777
    FY 2024Yearly · 2024-12-31GeographyPacific5,109,000USD0001213900-26-063777
    FY 2024Yearly · 2024-12-31GeographySoutheast Region11,933,000USD0001213900-26-063777
    FY 2024Yearly · 2024-12-31GeographySouthwest Region2,731,000USD0001213900-26-063777

    Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.