Borealis Foods Inc. (BRLS) Revenue History
Annual and quarterly revenue from 2021 to present
BRLS Revenue Over Time (2021–2025)
BRLS Revenue Growth History
2 of 3 years with positive growth- FY2021 revenue growth
- N/A
- FY2022 revenue growth
- +87.7%
- FY2023 revenue growth
- -100.0%
- FY2024 revenue growth
- N/A
- FY2025 revenue growth
- +8.7%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $8.9M | +32.3% |
| Q3 2025 | $7.1M | -7.6% |
| Q2 2025 | $7.2M | +35.0% |
| Q1 2025 | $6.8M | -13.3% |
| Q4 2024 | $6.8M | — |
| Q3 2024 | $7.7M | — |
| Q2 2024 | $5.3M | -17.4% |
| Q1 2024 | $7.9M | -6.3% |
Multi-year avg. share of annual revenue by fiscal quarter
BRLS Revenue Analysis (2021–2025)
Current Revenue & Growth
As of June 22, 2026, Borealis Foods Inc. (BRLS) generated trailing twelve-month (TTM) revenue of $30.1 million, reflecting explosive growth of +32.3% year-over-year. The most recent quarter (Q4 2025) recorded $8.9 million in revenue, up 25.9% sequentially.
Historical Growth Trajectory
BRLS's historical revenue data shows a 3-year CAGR of +5.5%. Borealis Foods Inc.'s highest annual revenue of $30.1 million was recorded in 2025, an all-time high.
Peer Comparison
Compared to Consumer Defensive sector peers — including SMPL (+6.3% YoY), HAIN (-10.0% YoY), and NOMD (-2.5% YoY) — BRLS has outperformed the peer group in 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 | $30M | +32.3% | - | -36.7% | |
 SMPL | $1.5B | +6.3% | +12.2% | 15.1% | |
 HAIN | $1.6B | -10.0% | -5.4% | 3.6% | |
 NOMD | $3.0B | -2.5% | +3.8% | 10.7% | |
 CPB | $10.3B | -2.9% | +3.4% | 13.2% | |
 GIS | $19.5B | -6.5% | +2.0% | 17.0% |
BRLS Historical Revenue Data (2021–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $30.1M | +8.7% | $3.5M | 11.7% | $-11,035,985 | -36.7% |
| 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% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
5+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
BRLS — Frequently Asked Questions
Quick answers to the most common questions about buying BRLS stock.
Is BRLS's revenue growth accelerating or slowing?
BRLS revenue growth is accelerating. TTM revenue reached $30M, up +32.3% year-over-year — ahead of the 5-year CAGR of N/A. This indicates the business is expanding faster than its historical baseline.
What is BRLS's revenue history from 2021 to 2026?
Borealis Foods Inc. (BRLS) revenue history spans 2021 to 2026. TTM revenue as of 2026 is $30M, growing at +32.3% YoY. The 5-year CAGR is N/A. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is BRLS's long-term revenue growth rate (CAGR)?
Borealis Foods Inc.'s 5-year revenue CAGR of N/A reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +32.3% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for BRLS.
Why does BRLS's quarterly revenue fluctuate?
BRLS quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Borealis Foods Inc.'s revenue data from 2021 to 2026 shows full historical quarterly detail on this page.
How is BRLS's revenue distributed by segment?
BRLS reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does BRLS's revenue compare to industry peers?
Borealis Foods Inc. (BRLS) with TTM revenue of $30M and +32.3% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.