Name: Borealis Foods Inc. (BRLS) Financial Statements
Creator: FinSpry

Borealis Foods Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

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Borealis Foods Inc. income statement - Annual data in millions USD
Breakdown	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Revenue & Gross Profit
Revenue	27.67	29.98	25.59	13.63
Cost of Revenue	25.48	31.29	33.66	13.85
Gross Profit	2.19	-1.30	-8.07	-0.21
Operating Expenses
Research & Development	0.20	0.46	0.00	0.00
Selling, General & Administrative	22.59	18.65	14.99	10.00
Operating Expenses	22.59	18.35	14.99	10.00
Operating Income	-20.40	-19.65	-23.06	-10.21
Other Income/Expense
Interest Income	0.00	0.01	0.00	0.00
Interest Expense	5.06	7.28	-3.22	0.26
Other Income/Expense	0.00	-0.89	2.58	0.37
Income
Income Before Tax	-25.46	-27.82	-26.23	-10.10
Income Tax Expense	-0.13	-0.34	0.06	0.02
Net Income	-25.33	-27.48	-26.28	-10.12
Net Income - Continuous Operations	-25.33	-27.48	-0.30	-10.12
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00
EBITDA	-18.08	-16.60	-19.61	-7.74
EBIT	-20.40	-20.54	-23.06	-9.84
Depreciation & Amortization	2.32	3.94	3.45	2.10
Earnings Per Share
Basic EPS	-1.00	-1.00	-	-
Diluted EPS	-1.00	-1.00	-	-
Basic Shares Outstanding	20.31	21.38	162.35	20.87
Diluted Shares Outstanding	20.31	21.38	162.35	20.87