Borealis Foods (BRLS) Balance Sheet: Assets & Liabilities

Borealis Foods (BRLS) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Borealis Foods reported total assets of $52.57M and total liabilities of $71.80M. Shareholders' equity was negative at −$19.23M, meaning liabilities exceed assets. Total debt stood at $27.08M against $63.86K in cash and short-term investments, a net debt position of $27.02M.

Borealis Foods Balance Sheet Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Borealis Foods Inc. (BRLS) - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Current Assets
Cash and Cash Equivalents	0.00	0.00	0.01	0.00	0.00
Cash & Short-Term Investments	0.00	0.00	0.01	0.00	0.00
Accounts Receivable	0.00	0.00	0.00	0.00	0.00
Inventory	0.00	0.01	0.01	0.00	0.01
Other Current Assets	0.00	0.00	0.00	0.00	0.00
Total Current Assets	0.01	0.01	0.02	0.00	0.01
Non-Current Assets
Property, Plant & Equipment (Net)	0.04	0.05	0.05	0.00	0.04
Long-Term Investments	0.00	0.00	0.00	0.18	0.18
Goodwill	0.00	0.00	0.00	0.00	0.00
Intangible Assets	0.00	0.00	0.00	0.00	0.00
Other Non-Current Assets	0.00	0.00	0.00	0.00	0.00
Total Non-Current Assets	0.04	0.05	0.05	0.18	0.05
Total Assets	0.05	0.06	0.07	0.18	0.06
Current Liabilities
Accounts Payable	0.02	0.01	0.01	0.00	0.01
Short-Term Debt	0.03	0.01	0.05	0.00	0.00
Current Portion of Long-Term Debt	0.02	0.01	0.05	0.03	0.00
Accrued Liabilities	-	-	0.00	0.00	0.00
Other Current Liabilities	0.03	0.01	0.01	0.00	0.00
Total Current Liabilities	0.07	0.03	0.07	0.00	0.02
Non-Current Liabilities
Long-Term Debt	0.00	0.03	0.02	0.00	0.01
Deferred Tax Liabilities	0.00	0.00	0.00	0.00	0.00
Other Non-Current Liabilities	0.00	0.01	0.00	0.00	0.00
Total Non-Current Liabilities	0.00	0.04	0.02	0.00	0.01
Total Liabilities	0.07	0.06	0.09	0.00	0.03
Stockholders' Equity
Common Stock	0.00	0.00	0.00	0.00	0.00
Retained Earnings	-0.11	-0.09	-0.07	0.00	-0.01
Accumulated Other Comprehensive Income	0.00	0.00	0.00	0.18	0.18
Additional Paid-in Capital	90.63	0.09	0.04	-0.35	0.04
Shares Outstanding	0.02	0.02	0.02	0.02	0.02
Total Stockholders' Equity	-0.02	0.00	-0.02	0.18	0.03
Total Liabilities & Equity	52.57	0.06	0.07	0.06	0.06

Source: Company financial statements from annual and quarterly filings. Data as of Mar 31, 2026. Data sources and methodology

Frequently Asked Questions About Borealis Foods Balance Sheet

How much debt does Borealis Foods have?

Borealis Foods had total debt of $27.08M as of Dec 31, 2025, against $63.86K in cash and short-term investments. Total debt was $32.28M a year earlier.

What are Borealis Foods's total assets?

Borealis Foods reported total assets of $52.57M as of Dec 31, 2025, down 12.4% from $60.01M a year earlier. Total liabilities were $71.80M.

What is Borealis Foods's shareholders' equity?

Borealis Foods's shareholders' equity was negative at −$19.23M as of Dec 31, 2025, so its liabilities exceeded its assets.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition