Borealis Foods (BRLS) Cash Flow: Operating & Free Cash Flow

Borealis Foods Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Cash flow statement showing operating, investing, and financing activities for Borealis Foods Inc. (BRLS) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Operating Activities
Net Income	-18.98	-25.33	-27.48	-0.30	-10.12
Depreciation & Amortization	1.84	2.32	3.94	3.45	2.10
Deferred Income Tax	-0.08	-0.11	-0.35	0.00	0.00
Stock Based Compensation	0.44	1.27	0.49	0.51	0.00
Change in Working Capital	8.40	5.71	3.21	0.78	0.81
Change in Accounts Receivable	-0.66	-0.21	0.71	-1.57	-0.77
Change in Inventory	4.18	-1.80	-0.65	0.42	-3.45
Change in Accounts Payable	0.00	8.02	2.18	1.46	5.47
Change in Other Working Capital	4.89	0.31	1.12	0.17	-0.45
Other Operating Activities	1.77	0.31	1.12	-2.58	0.12
Net Cash from Operating Activities	-6.60	-15.09	-18.01	-2.11	-6.78
Investing Activities
Capital Expenditures	-0.07	-1.97	-4.47	-3.38	-21.21
Purchases of Investments	0.00	0.00	-0.64	0.00	0.00
Sales/Maturities of Investments	0.00	-0.32	0.00	0.00	0.00
Other Investing Activities	0.00	0.06	0.64	0.00	0.00
Net Cash from Investing Activities	-0.07	-1.91	-4.47	-3.33	-21.21
Financing Activities
Debt Repayment	-5.79	-0.57	-15.63	-0.51	-0.69
Common Stock Issued	0.00	0.00	0.00	1.00	18.65
Common Stock Repurchased	0.00	0.00	-159.45	0.00	0.00
Other Financing Activities	11.87	-0.57	-1.43	0.16	-1.74
Net Cash from Financing Activities	6.08	10.03	24.94	1.66	27.52
Summary
Net Change in Cash	-0.59	-6.96	2.47	-0.44	-0.47
Cash at Beginning of Period	0.65	7.62	5.15	1.12	3.37
Cash at End of Period	0.06	0.65	7.62	0.68	2.91
Free Cash Flow	-6.67	-17.06	-22.47	-2.11	-27.99
Supplemental Disclosures
Interest Paid	-	2.64	2.91	3.10	0.31
Income Taxes Paid	-	0.01	0.02	-	-

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 Cash Flow

What is Borealis Foods's free cash flow?

Borealis Foods had negative free cash flow of $6.67M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of −$6.60M minus $68.82K of capital expenditures.

How much does Borealis Foods spend on capital expenditures?

Borealis Foods spent $68.82K on capital expenditures in fiscal 2025, compared with $1.97M a year earlier.

Does Borealis Foods pay dividends or buy back shares?

Borealis Foods's cash flow statement for fiscal 2025 shows no dividend payments or share repurchases.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition