Borealis Foods Inc.

BRLSNASDAQConsumer Defensive● Active

$1.58

+$0.01(+0.64%)

Market Cap$33912023

P/E Ratio—

52W High$7.05

52W Low$0.6

Avg Volume268K

Open$1.55

Beta0.38

Free Cash Flow Financials Revenue

Borealis Foods Inc. (BRLS) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

BRLS · free cash flow · updated Jun 8, 2026

Core FCF metrics

BRLS · FCF · TTM · margin & CAGR

Free cash flow was −$6.60B for FY2025 (fiscal year ending 2025-12-31)

FY2025 Free Cash Flow−$6.60B▼ -38561.5% YoY

Trailing 12M (TTM)−$4.8Mtrailing 4 quarters sum

FCF Margin< −999%−$6.60B ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

BRLS · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$6.60B(3M)−$6.60B▼ 38561.5%—

FY2024−$15.1M(2M)−$17.1M▲ +24.1%-61.7%

FY2023−$18.0M(4M)−$22.5M▼ 967.2%—

FY2022−$2.1M(3M)−$2.1M▲ +92.5%-8.2%

FY2021−$6.8M(21M)−$28.0M—-205.3%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

BRLS · P/FCF · FCF yield · FCF per share

Borealis Foods Inc. (BRLS) reported negative free cash flow of −$6.60B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

BRLS · cash flow statement · operating / investing / financing

For FY2025, Borealis Foods Inc. generated −$6.60B in operating cash flow and spent 3M in capital expenditures, yielding −$6.60B in free cash flow.

Operating Activities

−$6.60B

Cash from core business operations

2025-12-31

Investing Activities

−$65.7M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$6.08B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF (−$6.60B) − |CapEx| (3M) = FCF (−$6.60B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Defensive)

BRLS vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Borealis Foods Inc.YOU

BRLS

−$6.60B-38561.5%-21927.7%

Loss

The Procter & Gamble Company

$14.04B-15.0%16.7%

94%

Philip Morris International Inc.

$10.66B-1.0%26.2%

71%

Costco Wholesale Corporation

COST

$7.84B+18.2%2.8%

53%

The Coca-Cola Company

$5.30B+11.7%11.0%

35%

Consumer Defensive · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Borealis Foods Inc. (BRLS) reported free cash flow of −$6.60B for FY2025 (fiscal year ending 2025-12-31).

Borealis Foods Inc. has reported negative free cash flow in recent periods, indicating capital expenditures have exceeded operating cash flow. Data available for 5 fiscal years.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

BRLS free cash flow · 8 questions

Borealis Foods Inc. free cash flow was −$6.60B for FY2025. On a trailing twelve-month (TTM) basis, free cash flow stands at −$4.8M.

BRLS free cash flowBRLS FCFBRLS FCF 2025BRLS free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Borealis Foods Inc. · Borealis Foods Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026