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BRLS
(NASDAQ)
Borealis Foods Inc.
$1.40-- (--)
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Borealis Foods (BRLS) Income Statement

Revenue, expenses, profit margins, and earnings with annual and quarterly data.

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
BreakdownFY 2024FY 2023FY 2022FY 2021
Period EndingDec 2024Dec 2023Dec 2022Dec 2021
Revenue & Gross Profit
Revenue27.6729.9825.5913.63
Cost of Revenue23.1631.2933.6613.85
Gross Profit4.51-1.30-8.07-0.21
Operating Expenses
Research & Development0.200.000.000.00
Selling, General & Administrative20.8918.6514.9910.00
Operating Expenses23.4118.352.8910.00
Operating Income-18.90-19.65-2.89-10.21
Other Income/Expense
Interest Income0.000.010.000.00
Interest Expense-5.067.283.220.26
Other Income/Expense0.00-0.892.580.37
Income
Income Before Tax-25.46-27.82-0.30-10.10
Income Tax Expense-0.13-0.340.060.02
Net Income-25.33-27.48-0.30-10.12
Net Income - Continuous Operations-25.33-27.48-0.30-10.12
Net Income - Discontinued Operations0.000.000.000.00
EBITDA-16.58-16.60-2.89-7.74
EBIT-18.90-20.54-2.89-9.84
Depreciation & Amortization2.323.943.452.10
Earnings Per Share
Basic EPS-1.00-1.00--
Diluted EPS-1.00-1.00--
Basic Shares Outstanding20.3121.3820.8720.87
Diluted Shares Outstanding20.3121.3820.8720.87

Frequently Asked Questions About Borealis Foods Financial Statements

What is an income statement?

An income statement shows a company's revenues, expenses, and net income over a specific period. It reveals profitability by starting with revenue and subtracting costs to arrive at net income — the "bottom line" that shows how much the company earned.

What is BRLS's revenue trend?

Review Borealis Foods's quarterly and annual revenue figures in the income statement table above to identify growth trends, seasonal patterns, and year-over-year changes.

What is gross margin?

Gross margin is revenue minus cost of goods sold, expressed as a percentage. It shows how efficiently a company produces its goods or services. Higher gross margins indicate stronger pricing power and lower production costs.

What is operating income?

Operating income (EBIT) is revenue minus operating expenses, excluding interest and taxes. It measures a company's core business profitability before financing costs and tax effects, making it useful for comparing companies with different capital structures.

What is earnings per share (EPS)?

EPS divides net income by outstanding shares, showing the profit attributable to each share. Diluted EPS includes potential shares from stock options and convertible securities, providing a more conservative measure of per-share earnings.