Consumer Defensive · Packaged Foods
Price
$1.33
Market Cap
$28.5M
Employees
147
Beta
0.38
Avg Volume
314,288
CEO
Reza Soltanzadeh
Business Description
Borealis Foods Inc. engages in the distribution of plant-based protein food products. The company's product includes Chef Woo, a high-protein meat alternative; and Ramen Express, vegetarian ramen noodles. Borealis Foods Inc. was incorporated in 2020 and is based in Oakville, Canada.
Business History
Price Overview
Last updated: May 14, 2026 3:20am (just now)$1.33
+0.03 (+2.31%)
Day Range
$1.27 – $1.34
52-Week Range
$0.60 – $7.05
50-Day MA
$1.41
200-Day MA
$2.13
Volume
24,772.00
Share Structure
Outstanding
21,463,306.00
Float
5,253,573.00
Free Float
24.5%
Low free float
— 24.5% of shares trade freely, ~75.5% held by insiders/institutions
Below average liquidity. Large orders can move the price significantly. Insiders or strategic holders control the majority — watch for lockup expirations or secondary offerings.
Small absolute float (5.3M shares) — even with a decent free float %, volume can be thin. Check average daily volume before sizing a position.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-1.06
Stock Price: $1.33
EPS (Diluted): -1.25
EPS (Diluted): -1.25
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
-173.95
Stock Price: $1.33
Total Equity: -$695,886
Shares: 20,309,934
Total Equity: -$695,886
Shares: 20,309,934
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
-5.75
Market Cap: $28.55M
Total Debt: $30.53M
Cash: $652,965
EBITDA: -$18.08M
Total Debt: $30.53M
Cash: $652,965
EBITDA: -$18.08M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$152.7M
Market Cap: $28.55M
Total Debt: $30.53M
Cash: $652,965
Total Debt: $30.53M
Cash: $652,965
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
7.9%
Gross Profit: $2.19M
Revenue: $27.67M
Revenue: $27.67M
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
-73.7%
Operating Income: -$20.40M
Revenue: $27.67M
Revenue: $27.67M
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
-91.5%
Net Income: -$25.33M
Revenue: $27.67M
Revenue: $27.67M
ROE (Profit from shareholder equity)
APINet Income / Total Equity
265.3%
Net Income: -$25.33M
Total Equity: -$695,886
Total Equity: -$695,886
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
-55.0%
Operating Income: -$20.40M
Tax Rate: 0.5%
Equity: -$695,886
Total Debt: $30.53M
Cash: $652,965
Tax Rate: 0.5%
Equity: -$695,886
Total Debt: $30.53M
Cash: $652,965
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
0.46
Current Assets: $11.80M
Current Liabilities: $25.41M
Current Liabilities: $25.41M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
-43.88
Short-Term Debt: $5.46M
Long-Term Debt: $25.08M
Total Debt: $30.53M
Total Equity: -$695,886
Long-Term Debt: $25.08M
Total Debt: $30.53M
Total Equity: -$695,886
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$1.36
Revenue: $27.67M
Shares: 20,309,934
Shares: 20,309,934
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$-0.03
Total Equity: -$695,886
Shares: 20,309,934
Shares: 20,309,934
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$-0.84
Operating CF: -$15.09M
CapEx: -$1.97M
Shares: 20,309,934
CapEx: -$1.97M
Shares: 20,309,934
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $1.33
Stock Price: $1.33
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$25.33M
Net Income: -$25.33M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares BRLS against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: May 9, 2026 1:40pm (4d ago)| Metric | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Revenue | $13.6M | $25.6M | $0 | $27.7M |
| Cost of Revenue | $13.8M | $33.7M | $0 | $25.5M |
| Gross Profit | $-212,990 | -$8.1M | $0 | $2.2M |
| Operating Expenses | $10.0M | $15.0M | $5.1M | $22.6M |
| Operating Income | -$10.2M | -$23.1M | -$5.1M | -$20.4M |
| Net Income | -$10.1M | -$26.3M | -$2.9M | -$25.3M |
| EBITDA | -$7.7M | $564,794 | -$2.8M | -$18.1M |
| EPS | $-0.46 | $-1.20 | $-0.15 | $-1.25 |
| EPS (Diluted) | — | — | — | — |
Balance Sheet (Annual)
Last updated: May 9, 2026 1:40pm (4d ago)| Metric | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Cash & Equivalents | $2.9M | $5.1M | $93,115 | $652,965 |
| Total Current Assets | $11.6M | $15.8M | $122,715 | $11.8M |
| Total Assets | $57.4M | $64.8M | $22.0M | $60.0M |
| Current Liabilities | $17.4M | $43.0M | $7.5M | $25.4M |
| Long-Term Debt | $10.0M | $13.0M | $0 | $25.1M |
| Total Liabilities | $29.3M | $60.1M | $7.5M | $60.7M |
| Total Equity | $28.1M | $4.6M | $14.6M | $-695,886 |
| Retained Earnings | -$11.7M | -$38.0M | -$7.4M | -$90.8M |
Cash Flow (Annual)
Last updated: May 9, 2026 1:40pm (4d ago)| Metric | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Operating Cash Flow | -$6.8M | -$2.1M | -$18.0M | -$15.1M |
| Capital Expenditure | -$21.2M | -$3.4M | -$4.5M | -$2.0M |
| Free Cash Flow | -$28.0M | -$2.1M | -$22.5M | -$17.1M |
| Acquisitions (net) | $0 | $0 | $0 | $0 |
| Debt Repayment | — | — | — | — |
| Dividends Paid | — | — | — | — |
| Stock Buybacks | $0 | $0 | -$159.5M | $0 |
| Net Change in Cash | $-467,647 | $-442,592 | $2.5M | -$7.0M |
Growth Trends (YoY %)
Last updated: May 9, 2026 1:40pm (4d ago)| Metric | 2022 | 2023 | 2024 |
|---|---|---|---|
| Revenue Growth | +87.7% | -100.0% | — |
| Gross Profit Growth | -3,688.8% | +100.0% | — |
| Operating Income Growth | -125.9% | +77.8% | -297.7% |
| Net Income Growth | -159.7% | +88.8% | -761.1% |
| EBITDA Growth | +107.3% | -591.1% | -551.8% |
Insider Trading (Recent)
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-03-23 | Diachenko Sergii | P-Purchase | 961.00 | $11.50 | $11,052 |
| 2026-03-20 | Diachenko Sergii | P-Purchase | 4,075.00 | $11.50 | $46,863 |
| 2026-03-20 | Diachenko Sergii | P-Purchase | 45,875.00 | $11.50 | $527,563 |
| 2026-03-18 | Diachenko Sergii | P-Purchase | 4,025.00 | $11.50 | $46,288 |
| 2026-03-05 | Diachenko Sergii | P-Purchase | 400.00 | $11.50 | $4,600 |
| 2026-03-03 | Diachenko Sergii | P-Purchase | 16,935.00 | $11.50 | $194,753 |
| 2026-03-03 | Diachenko Sergii | P-Purchase | 200.00 | $11.50 | $2,300 |
| 2025-05-19 | Diachenko Sergii | P-Purchase | 46,403.00 | $11.50 | $533,635 |
| 2025-04-03 | Diachenko Sergii | P-Purchase | 687.00 | $11.50 | $7,901 |
| 2025-03-25 | Diachenko Sergii | P-Purchase | 4,800.00 | $11.50 | $55,200 |
| 2025-03-21 | Diachenko Sergii | P-Purchase | 3,822.00 | $11.50 | $43,953 |
| 2025-02-14 | Diachenko Sergii | P-Purchase | 30,983.00 | $11.50 | $356,305 |
| 2025-02-13 | Diachenko Sergii | P-Purchase | 16,702.00 | $11.50 | $192,073 |
| 2025-02-10 | Diachenko Sergii | P-Purchase | 1,148.00 | $11.50 | $13,202 |
| 2025-01-16 | Diachenko Sergii | P-Purchase | 22,755.00 | $11.50 | $261,683 |
| 2024-12-30 | Diachenko Sergii | P-Purchase | 27,774.00 | $11.50 | $319,401 |
| 2024-12-27 | Diachenko Sergii | P-Purchase | 1,101.00 | $11.50 | $12,662 |
| 2024-12-23 | Diachenko Sergii | P-Purchase | 700.00 | $11.50 | $8,050 |
| 2024-12-20 | Diachenko Sergii | P-Purchase | 500.00 | $11.50 | $5,750 |
| 2024-12-19 | Diachenko Sergii | P-Purchase | 600.00 | $11.50 | $6,900 |
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.207 · 22a3a690 · 2026-05-13 17:39:54