---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-047973"
form_type: "8-K"
ticker: "BRLS"
cik: "0001852973"
company_name: "Borealis Foods Inc."
filed_at: "2025-05-28T23:59:59+00:00"
generated_at: "2026-05-20T08:37:47.980712+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Borealis Foods reports Q1 gross margin improvement to 13% and $2M from new food service partner

## Summary
- Q1 2025 gross margin 13% vs 3% YoY; gross profit ~$900K vs ~$242K; ex-D&A margin would be 19%.
- SG&A expenses down 37% to $3.8M, driven by lower professional services and shift from DTC.
- Large national food service customer contributed $2M in first full quarter, supplying K-12 and prisons.
- Partnership with multinational food company began shipping ramen in Q1; products in global retail.
- Discussions underway with potential strategic and financial partners for financing.

## SEC filing metadata
- accession: 0001213900-25-047973
- form_type: 8-K
- ticker: BRLS
- cik: 0001852973
- company_name: Borealis Foods Inc.
- filed_at: 2025-05-28T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1852973/000121390025047973/0001213900-25-047973-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1852973/000121390025047973/ea0243582-8k_borealis.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-047973
- JSON: https://secwatch.observer/filing/0001213900-25-047973.json
- Plain text: https://secwatch.observer/filing/0001213900-25-047973.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.