Borealis Foods Inc. (BRLS) Key Metrics
BRLS valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $22.5M
- Enterprise value
- $53.4M
- P/E (TTM)
- —
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 0.7 10-yr median 4.2
- Price / book
- 14.0 10-yr median 3.6
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- 0.43
BRLS key metrics, 2021–2025
Fiscal year ended December 31, 2025 · U.S. dollarsBRLS valuation Price multiples at each fiscal year-end price.
Price / sales−60.1%
1.0
2025 · hover or tap a bar for each year
20212025
Free cash flow yield−8.1 pts
−15.6%
2025 · hover or tap a bar for each year
20212025
BRLS returns How much profit the business earns on the capital it uses.
Return on invested capital+20.2 pts
−45.0%
2025 · hover or tap a bar for each year
20212025
Return on assets+28.0 pts
−33.7%
2025 · hover or tap a bar for each year
20212025
Free cash flow margin+3.0 pts
−14.9%
2025 · hover or tap a bar for each year
20212025
Asset turnover−35.3%
0.79
2025 · hover or tap a bar for each year
20212025
BRLS per-share figures Results divided by the shares outstanding at year-end.
Revenue per share−15.9%
$2.08
2025 · hover or tap a bar for each year
20212025
Earnings per share
−$0.89
2025 · hover or tap a bar for each year
20212025
Free cash flow per share
−$0.31
2025 · hover or tap a bar for each year
20212025
Book value per share
−$0.90
2025 · hover or tap a bar for each year
20212025
Shares outstanding+5.5%
21.4M
2025 · hover or tap a bar for each year
20212025
BRLS financial health Debt, liquidity and how easily interest is covered.
Net debt−$4.6M
$27.0M
2025 · hover or tap a bar for each year
20212025
Current ratio−75.2%
0.12
2025 · hover or tap a bar for each year
20212025
Interest coverage
-1.8
2025 · hover or tap a bar for each year
20212025
Debt / assets−4.3%
0.52
2025 · hover or tap a bar for each year
20212025
BRLS efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding+5 days
19 days
2025 · hover or tap a bar for each year
20212025
Days of inventory−21 days
87 days
2025 · hover or tap a bar for each year
20212025
Days payables outstanding+29 days
189 days
2025 · hover or tap a bar for each year
20212025
Cash conversion cycle−44 days
-84 days
2025 · hover or tap a bar for each year
20212025
Capex / revenue−3.8 pts
0.2%
2025 · hover or tap a bar for each year
20212025
BRLS valuation history
Fiscal year-endToday5-year median
BRLS returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
BRLS debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
BRLS cash returned to shareholders
DividendsBuybacksFree cash flow
BRLS price vs earnings per share
Share price at year-endEPS (right axis)
BRLS key metrics
2021–2025| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Valuation | |||||
| Market capitalization | $42.9M | $121.1M | $102.7M | $225.8M | $99.8M |
| Enterprise value | $69.9M | $152.7M | $106.5M | $226.7M | $110.1M |
| Price / sales | 1.0 | 2.4 | 20.0 | 8.8 | 4.2 |
| Price / book | — | — | 7.1 | 1.3 | 3.6 |
| EV / sales | 1.6 | 3.0 | 20.8 | 8.9 | 4.7 |
| EV / EBITDA | — | — | 107.1 | 401.3 | — |
| Earnings yield | −44.3% | −20.9% | −2.9% | −0.1% | −10.1% |
| Free cash flow yield | −15.6% | −7.5% | −21.9% | −2.4% | −28.1% |
| Shareholder yield (dividends + buybacks) | — | — | 155.3% | 0.0% | — |
| Share price at fiscal year-end | $2.00 | $5.96 | $11.31 | $10.33 | $9.88 |
| Per share | |||||
| Revenue per share | $2.08 | $2.47 | $0.57 | $1.17 | $2.34 |
| Earnings per share | −$0.89 | −$1.25 | −$0.32 | −$0.01 | −$1.00 |
| Operating cash flow per share | −$0.31 | −$0.35 | −$1.98 | −$0.10 | −$0.67 |
| Free cash flow per share | −$0.31 | −$0.45 | −$2.48 | −$0.25 | −$2.77 |
| Cash per share | $0.00 | $0.03 | $0.01 | $0.03 | $0.29 |
| Book value per share | −$0.90 | −$0.03 | $1.60 | $8.09 | $2.78 |
| Tangible book value per share | −$0.91 | −$0.14 | $1.39 | $8.01 | $2.59 |
| Capex per share | $0.00 | $0.10 | $0.49 | $0.15 | $2.10 |
| Debt per share | $1.26 | $1.59 | $0.44 | $0.07 | $1.31 |
| Shares outstanding | 21.4M | 20.3M | 9.1M | 21.9M | 10.1M |
| Change in shares outstanding | +5.5% | +123.8% | −58.5% | +116.5% | — |
| Returns & profitability | |||||
| Return on equity (ROE) | — | — | −3.1% | −0.3% | −36.0% |
| Return on invested capital (ROIC) | −45.0% | −65.3% | −4.1% | −16.9% | −21.0% |
| Return on assets (ROA) | −33.7% | −61.7% | −2.9% | −0.3% | −17.6% |
| Return on tangible assets | −36.3% | −43.8% | −14.6% | −0.2% | −18.2% |
| Free cash flow margin | −14.9% | −18.0% | −438.0% | −21.4% | −118.5% |
| Financial health | |||||
| Total debt | $27.1M | $32.3M | $4.0M | $1.5M | $13.2M |
| Cash & short-term investments | $63,859 | $652,965 | $93,115 | $680,792 | $2.9M |
| Net debt | $27.0M | $31.6M | $3.9M | $819,208 | $10.3M |
| Debt / equity | — | — | 0.27 | 0.01 | 0.47 |
| Debt / assets | 0.52 | 0.54 | 0.18 | 0.01 | 0.23 |
| Net debt / EBITDA | — | — | 3.91 | 1.45 | — |
| Current ratio | 0.12 | 0.46 | 0.02 | 0.37 | 0.67 |
| Quick ratio | 0.05 | 0.15 | −0.91 | −2.15 | 0.32 |
| Interest coverage | -1.8 | -4.0 | -0.7 | -7.2 | -38.6 |
| Working capital | −$61.8M | −$13.6M | −$7.4M | −$1.6M | −$5.8M |
| Invested capital | $7.8M | $30.9M | $18.5M | $177.8M | $38.4M |
| Tangible asset value | −$19.5M | −$2.9M | $12.6M | $175.2M | $26.2M |
| Net current asset value | −$63.7M | −$48.9M | −$7.4M | −$1.6M | −$17.7M |
| Graham net-net per share | −$3.15 | −$2.69 | −$0.29 | $0.15 | −$2.15 |
| Capital allocation | |||||
| Share buybacks (net) | — | — | $159.5M | $0 | — |
| Capex / revenue | 0.2% | 3.9% | 87.0% | 13.2% | 89.8% |
| Capex / depreciation | 0.04 | 0.85 | 1.13 | 0.98 | 10.11 |
| Stock-based compensation / revenue | 1.0% | 2.5% | 9.6% | 2.0% | 0.0% |
| SG&A / revenue | 65.2% | 89.9% | 200.0% | 58.6% | 84.6% |
| Efficiency | |||||
| Days sales outstanding | 18.9 | 13.6 | 155.4 | 33.7 | 33.0 |
| Days of inventory on hand | 86.7 | 107.4 | 77.2 | 67.1 | 160.8 |
| Days payables outstanding | 189.4 | 160.6 | 64.4 | 40.2 | 191.1 |
| Cash conversion cycle (days) | -83.8 | -39.6 | 168.1 | 60.7 | 2.7 |
| Receivables turnover | 19.34 | 26.87 | 2.35 | 10.83 | 11.07 |
| Payables turnover | 1.93 | 2.27 | 5.66 | 9.09 | 1.91 |
| Inventory turnover | 4.21 | 3.40 | 4.73 | 5.44 | 2.27 |
| Asset turnover | 0.79 | 1.23 | 0.05 | 0.22 | 0.41 |
| Average receivables | $2.3M | $1.9M | $2.2M | $2.4M | $2.1M |
| Average payables | $13.8M | $11.2M | $5.5M | $3.7M | $7.2M |
| Average inventory | $6.3M | $7.5M | $6.6M | $6.2M | $6.1M |
| Intangibles / total assets | 0.6% | 3.7% | 8.7% | 1.1% | 3.3% |
Computed from BRLS's annual financial statements (latest annual report filed June 2, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
BRLS valuation and financial ratios
Borealis Foods earned a return on invested capital of −45.0% in fiscal 2025. It ended the year with $27.1 million of debt and $0.1 million in cash and short-term investments, net debt of $27.0 million. The share count rose 112.2% from 10.1M to 21.4M over 4 years.
See the BRLS income statement, the BRLS chart for price history, or the BRLS stock overview for the latest quote and news.
BRLS key metrics FAQ
What is Borealis Foods's ROIC?
Borealis Foods's return on invested capital was −45.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Borealis Foods have?
Borealis Foods had total debt of $27.1 million at the end of fiscal 2025.
What is Borealis Foods's free cash flow yield?
Borealis Foods generated -$6.7 million of free cash flow in fiscal 2025, a free cash flow yield of −15.6% on its market value at year-end ($42.9 million).
What is Borealis Foods's current ratio?
Borealis Foods's current ratio was 0.12 at the end of fiscal 2025: current assets were 0.12 times current liabilities.