---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-047970"
form_type: "8-K"
ticker: "BRLS"
cik: "0001852973"
company_name: "Borealis Foods Inc."
filed_at: "2024-11-14T23:59:59+00:00"
generated_at: "2026-05-30T00:37:02.660729+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Borealis Foods Q3 net sales $7.7M, gross margin 17%, net loss improves to $4.8M

## Summary
- Net sales $7.7M, up 45% sequentially from $5.3M; gross margin 17% (vs 8% Q2) on premium Chef Woo/Woodles mix.
- Non-GAAP gross margin 23%; gross profit $1.3M, more than tripled from $0.4M in Q2.
- Net loss narrowed to $4.8M from $6.3M Q2; adjusted EBITDA turned positive at $17,000.
- Post-Q3 added Walmart locations; Woodles school rollout began; exclusive ramen mfg partnership with global food conglomerate (revenue Q1 2025).
- Cash $0.7M with $3.5M revolver capacity; mgmt expects sequential growth and margin expansion in Q4.

## SEC filing metadata
- accession: 0001628280-24-047970
- form_type: 8-K
- ticker: BRLS
- cik: 0001852973
- company_name: Borealis Foods Inc.
- filed_at: 2024-11-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1852973/000162828024047970/0001628280-24-047970-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1852973/000162828024047970/brls-20241114.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-047970
- JSON: https://secwatch.observer/filing/0001628280-24-047970.json
- Plain text: https://secwatch.observer/filing/0001628280-24-047970.txt

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