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Borealis Foods Inc.: 10-Q filed 2025-11-19

What Borealis Foods Inc. reported in its quarterly report filed 2025-11-19 (fiscal Q3 2025): 45 published measures, 136 facts as tagged in accession 0001213900-25-112699.

This filing

Form
10-Q (quarterly report)
Filed
2025-11-19
Fiscal period
fiscal Q3 2025
Accession
0001213900-25-112699 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All Borealis Foods Inc. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

PeriodValueUnitDays
At 2025-09-3056,297,596USD
At 2024-12-3160,006,083USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

PeriodValueUnitDays
At 2025-09-3069,246,174USD
At 2024-12-3160,701,969USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

PeriodValueUnitDays
At 2025-09-30-12,948,578USD
At 2025-06-30-9,170,756USD
At 2025-03-31-4,825,308USD
At 2024-12-31-695,886USD
At 2024-09-305,069,781USD
At 2024-06-309,901,950USD
At 2024-03-3116,199,690USD
At 2023-12-31-21,347,295USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

PeriodValueUnitDays
2025-07-01 to 2025-09-30-3,780,821USD92
2025-01-01 to 2025-09-30-12,568,535USD273
2025-04-01 to 2025-06-30-4,600,126USD91
2025-01-01 to 2025-03-31-4,187,588USD90
2024-07-01 to 2024-09-30-4,832,169USD92
2024-01-01 to 2024-09-30-19,561,531USD274
2024-04-01 to 2024-06-30-6,297,740USD91
2024-01-01 to 2024-03-31-8,431,622USD91

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

PeriodValueUnitDays
2025-01-01 to 2025-09-30-3,760,111USD273
2024-01-01 to 2024-09-30-14,270,118USD274

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

PeriodValueUnitDays
2025-07-01 to 2025-09-307,103,749USD92
2025-01-01 to 2025-09-3021,137,689USD273
2024-07-01 to 2024-09-307,687,899USD92
2024-01-01 to 2024-09-3020,908,612USD274

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

PeriodValueUnitDays
2025-01-01 to 2025-09-303,297,340USD273
2024-01-01 to 2024-09-309,084,680USD274

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

PeriodValueUnitDays
2025-01-01 to 2025-09-30-61,325USD273
2024-01-01 to 2024-09-30-1,708,650USD274

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

PeriodValueUnitDays
At 2025-09-30-103,361,109USD
At 2024-12-31-90,792,574USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

PeriodValueUnitDays
2025-07-01 to 2025-09-3021,463,415shares92
2025-01-01 to 2025-09-3021,416,970shares273
2024-07-01 to 2024-09-3021,378,890shares92
2024-01-01 to 2024-09-3019,951,016shares274

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

PeriodValueUnitDays
2025-07-01 to 2025-09-3021,463,415shares92
2025-01-01 to 2025-09-3021,416,970shares273
2024-07-01 to 2024-09-3021,378,890shares92
2024-01-01 to 2024-09-3019,951,016shares274

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

PeriodValueUnitDays
2025-07-01 to 2025-09-30-0.18USD/shares92
2025-01-01 to 2025-09-30-0.59USD/shares273
2024-07-01 to 2024-09-30-0.23USD/shares92
2024-01-01 to 2024-09-30-0.98USD/shares274

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

PeriodValueUnitDays
2025-07-01 to 2025-09-30-0.18USD/shares92
2025-01-01 to 2025-09-30-0.59USD/shares273
2024-07-01 to 2024-09-30-0.23USD/shares92
2024-01-01 to 2024-09-30-0.98USD/shares274

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

PeriodValueUnitDays
2025-01-01 to 2025-09-3013,987USD273
2024-07-01 to 2024-09-30832USD92
2024-01-01 to 2024-09-3014,948USD274

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

PeriodValueUnitDays
At 2025-09-3044,325,607USD
At 2024-12-3145,736,326USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

PeriodValueUnitDays
2025-01-01 to 2025-09-30315,842USD273
2024-01-01 to 2024-09-301,273,053USD274

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

PeriodValueUnitDays
2025-07-01 to 2025-09-30-1,924,857USD92
2025-01-01 to 2025-09-30-8,197,978USD273
2024-07-01 to 2024-09-30-3,621,048USD92
2024-01-01 to 2024-09-30-15,783,409USD274

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

PeriodValueUnitDays
At 2025-09-309,470,623USD
At 2024-12-3111,799,583USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

PeriodValueUnitDays
2025-07-01 to 2025-09-301,855,028USD92
2025-01-01 to 2025-09-304,342,367USD273
2024-07-01 to 2024-09-301,207,524USD92
2024-01-01 to 2024-09-303,766,542USD274

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

PeriodValueUnitDays
At 2025-09-3064,119,395USD
At 2024-12-3125,406,490USD

Goodwill carrying amount

Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.

PeriodValueUnitDays
At 2025-09-301,917,356USD
At 2024-12-311,917,356USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

PeriodValueUnitDays
At 2025-09-302,574,783USD
At 2024-12-311,965,748USD

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

PeriodValueUnitDays
At 2025-09-305,997,898USD
At 2024-12-318,046,259USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

PeriodValueUnitDays
2025-07-01 to 2025-09-301,040,558USD92
2025-01-01 to 2025-09-302,455,245USD273
2024-07-01 to 2024-09-301,273,270USD92
2024-01-01 to 2024-09-301,938,166USD274

Cost of revenue

Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.

PeriodValueUnitDays
2025-07-01 to 2025-09-306,063,191USD92
2025-01-01 to 2025-09-3018,682,444USD273
2024-07-01 to 2024-09-306,414,629USD92
2024-01-01 to 2024-09-3018,970,446USD274

Selling, general and administrative expense

Selling and general administrative costs reported under this concept. It is an expense category, not a substitute for total operating expenses.

PeriodValueUnitDays
2025-07-01 to 2025-09-302,965,415USD92
2025-01-01 to 2025-09-3010,653,223USD273
2024-07-01 to 2024-09-304,894,318USD92
2024-01-01 to 2024-09-3017,721,575USD274

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

PeriodValueUnitDays
2025-07-01 to 2025-09-3052,000USD92
2025-01-01 to 2025-09-30156,000USD273
2024-07-01 to 2024-09-3056,000USD92
2024-01-01 to 2024-09-30142,000USD274

Cash including restricted cash

Cash, cash equivalents and restricted cash as reported in the cash flow reconciliation. Restricted amounts are not freely available, so this is not the same as unrestricted cash.

PeriodValueUnitDays
At 2025-09-30128,869USD
At 2024-12-31652,965USD
At 2024-09-30721,542USD
At 2023-12-317,615,630USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

PeriodValueUnitDays
At 2025-09-3030,615USD
At 2024-12-3163,826USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

PeriodValueUnitDays
At 2025-09-3059,503,559USD
At 2024-12-3159,506,636USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

PeriodValueUnitDays
At 2025-09-3015,177,952USD
At 2024-12-3113,770,310USD

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

PeriodValueUnitDays
At 2025-09-30383,710USD
At 2024-12-31319,307USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

PeriodValueUnitDays
At 2025-09-30169,685USD
At 2024-12-31169,685USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

PeriodValueUnitDays
At 2025-09-30769,073USD
At 2024-12-311,134,611USD

Net deferred tax liabilities

Deferred tax liabilities net of related assets under this concept. The amount reflects timing differences and is not tax currently due.

PeriodValueUnitDays
At 2025-09-301,459,923USD
At 2024-12-311,459,923USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

PeriodValueUnitDays
2025-07-01 to 2025-09-30-3,780,821USD92
2025-01-01 to 2025-09-30-12,554,548USD273
2024-07-01 to 2024-09-30-4,831,337USD92
2024-01-01 to 2024-09-30-19,546,583USD274

Net income available to common stockholders

Net income after preferred dividends and similar adjustments, the numerator for basic earnings per share. It can be lower than reported net income.

PeriodValueUnitDays
2025-07-01 to 2025-09-30-3,780,821USD92
2025-01-01 to 2025-09-30-12,568,535USD273
2024-07-01 to 2024-09-30-4,832,169USD92
2024-01-01 to 2024-09-30-19,561,531USD274

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

PeriodValueUnitDays
2025-01-01 to 2025-09-3038,717,000USD273
2024-01-01 to 2024-12-3138,601,000USD366

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

PeriodValueUnitDays
2025-07-01 to 2025-09-301,408,000USD92
2025-01-01 to 2025-09-301,408,000USD273
2024-07-01 to 2024-09-301,861,000USD92
2024-01-01 to 2024-09-301,861,000USD274

Other nonoperating income or expense

Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.

PeriodValueUnitDays
2025-07-01 to 2025-09-30-1,855,964USD92
2025-01-01 to 2025-09-30-4,356,570USD273
2024-07-01 to 2024-09-30-1,210,289USD92
2024-01-01 to 2024-09-30-3,763,174USD274

Deferred income tax expense or benefit

The deferred portion of income tax expense or benefit, arising from timing differences. It is not tax paid in the period.

PeriodValueUnitDays
2025-07-01 to 2025-09-300USD92
2025-01-01 to 2025-09-3014,000USD273
2024-07-01 to 2024-09-301,000USD92
2024-01-01 to 2024-09-3015,000USD274

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

PeriodValueUnitDays
2025-01-01 to 2025-09-301,086,356USD273
2024-01-01 to 2024-09-302,314,683USD274

Income taxes paid, net

Cash income taxes paid net of refunds during the period. It differs from income tax expense and can reflect prior years and estimated payments.

PeriodValueUnitDays
2024-01-01 to 2024-09-3014,116USD274

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

PeriodValueUnitDays
2025-01-01 to 2025-09-30898,233USD273
2024-01-01 to 2024-09-301,228,251USD274

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

PeriodValueUnitDays
2025-01-01 to 2025-09-30-2,740,444USD273
2024-01-01 to 2024-09-301,771,837USD274

Inspect the source

Entity
Borealis Foods Inc. / CIK 0001852973
Captured
2026-09-21T17:38:35.514Z
SEC response SHA-256
2905ff37df5fbfe6d2125ca5ebe4cb92dbcc33f24390aeb0302258480f12643a

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

Public company accounting reference, not market prices, returns, an investment recommendation, or ALPHAC performance. Validate a separately constructed return series with the validation API; accounting values are not returns.

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Read the published dataset with Python
import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001852973.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))