Borealis Foods Inc. (BRLS) Revenue History
Annual and quarterly revenue from 2021 to 2024
Compound Annual Growth Rate (CAGR)
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BRLS Revenue Growth
BRLS Revenue Analysis (2021–2024)
As of May 8, 2026, Borealis Foods Inc. (BRLS) generated trailing twelve-month (TTM) revenue of $27.9 million, reflecting moderate decline in growth of -7.6% year-over-year. The most recent quarter (Q3 2025) recorded $7.1 million in revenue, down 1.2% sequentially.
Looking at the longer-term picture, BRLS's historical revenue data shows a 3-year CAGR of +26.6%. The company achieved its highest annual revenue of $27.7 million in 2024, representing a new all-time high.
When compared to Consumer Defensive sector peers including SMPL (+6.3% YoY), HAIN (-9.5% YoY), and NOMD (-2.2% YoY), BRLS has underperformed the peer group in terms of revenue growth. Compare BRLS vs SMPL →
BRLS Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| BRLSCurrent | $28M | -7.6% | - | -73.7% | |
 SMPL | $1.5B | +6.3% | +12.2% | 15.1% | |
 HAIN | $1.6B | -9.5% | -5.4% | -29.6% | |
 NOMD | $3.0B | -2.2% | +3.8% | 10.7% | |
 CPB | $10.3B | -0.8% | +3.4% | 13.2% | |
 GIS | $19.5B | -6.5% | +2.0% | 17.0% |
BRLS Historical Revenue Data (2021–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $27.7M | - | $2.2M | 7.9% | $-20,404,975 | -73.7% |
| 2023 | $0 | -100.0% | $0 | - | $-5,130,990 | - |
| 2022 | $25.6M | +87.7% | $-8,069,787 | -31.5% | $-23,062,460 | -90.1% |
| 2021 | $13.6M | - | $-212,990 | -1.6% | $-10,208,193 | -74.9% |
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Start ComparisonBRLS — Frequently Asked Questions
Quick answers to the most common questions about buying BRLS stock.
Is BRLS's revenue growth accelerating or slowing?
BRLS revenue declined -7.6% year-over-year, contrasting with the 5-year CAGR of N/A. TTM revenue fell to $28M. This reverses the prior growth trend.
What is BRLS's long-term revenue growth rate?
Borealis Foods Inc.'s 5-year revenue CAGR of N/A reflects the variable expansion pattern. Current YoY growth of -7.6% is below this long-term average.
How is BRLS's revenue distributed by segment?
BRLS reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2021-2024 are available for download. Segment mix reveals concentration and diversification trends.