Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | — | — | $30.0M | $29.1M | $31.5M |
| Revenue growth | — | — | — | -3.0% | 8.2% |
| Gross profit | $173M | $176M | -$1.30M | $2.19M | $3.51M |
| Gross margin | — | — | -4.3% | 7.5% | 11.2% |
| Operating income | -$428K | -$2.89M | -$19.9M | -$20.4M | -$11.0M |
| Operating margin | — | — | -66.5% | -70.1% | -35.1% |
| Net income | -$408K | -$303K | -$27.5M | -$25.3M | -$19.0M |
| Net margin | — | — | -91.6% | -87.0% | -60.3% |
| EPS (diluted) | — | — | -$2.56 | -$1.25 | -$0.89 |
| Fiscal year | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Operating cash flow | -$602K | -$2.11M | -$18.0M | -$15.1M | -$6.60M |
| Capital expenditures | — | — | $4.47M | $1.65M | — |
| Free cash flow | — | — | -$22.5M | -$16.7M | — |
| Share buybacks | — | — | $159M | — | — |
| Fiscal year | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $1.12M | $681K | $7.62M | $653K | $64.0K |
| Total assets | $177M | $179M | $65.8M | $60.0M | $52.6M |
| Total liabilities | — | — | $87.1M | $60.7M | $71.8M |
| Shareholders' equity | $1.30M | $4.64M | -$21.3M | -$696K | -$19.2M |
| Retained earnings | -$408K | -$1.58M | -$65.5M | -$90.8M | -$110M |
| Shares (wtd avg diluted) | — | — | 10.8M | 20.3M | 21.4M |
Every figure is extracted from Borealis Foods Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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