Borealis Foods (BRLSW) Stock: Why It Fell
Updated Oct 23, 7:06 AM ET · latest trade in feed Oct 22, 4:00 PM ET (Finnhub)
Updated Oct 22, 2026, 4:00 PM ET · closing price
- Latest (Nasdaq last sale, Oct 23, 7:06 AM ET): $0.03, −$0.01 (-22.79%).
- Earnings: latest quarter in SEC XBRL filings (ended Mar 31, 2026): diluted EPS $-0.16; revenue $8.1M, -2.3% year over year. Sources: SEC EDGAR XBRL.
Sector peers moving today (Food & Beverage):VITL +15.18%FLO +10.50%CPB +8.69%GIS +8.01%SAM +7.65%
- Closed at $0.03, -12.86% vs the prior close of $0.03.
- Volume 70.61K shares, 70.6x its 50-day average (heavy).
- No new SEC filings since the prior session.
- No new insider buys or sales reported since the prior session.
Mondelez International (MDLZ)Conagra Brands (CAG)Campbell'S (CPB)Flowers Foods (FLO)Bellring Brands (BRBR)Simply Good Foods (SMPL)
BRLSW slides 12.9% to $0.03 on 70.6x normal volume. Closed at $0.03, -12.86% vs the prior close of $0.03. Day range $0.03–$0.03, opened at $0.07.
Why Did BRLSW Stock Move Today?
A plain-English, data-only note for every US trading day (today's note updates every 2 hours while the market is open). Last 5 sessions at a glance, then today's full note.
| Session | Close | Change | Volume vs 50-day avg | What the data shows |
|---|---|---|---|---|
| Oct 22, 2026 | $0.03 | -12.86% | — | BRLSW slides 12.9% to $0.03 on 70.6x normal volume |
Oct 22, 2026 — BRLSW slides 12.9% to $0.03 on 70.6x normal volume
- Closed at $0.03, -12.86% vs the prior close of $0.03. Day range $0.03–$0.03, opened at $0.07.
- Volume was 70.61K shares, 70.6x its 50-day average of 1.00K — unusually heavy trading.
- 52-week range $0.03–$0.04; today's close sits at 0% of that range, 22.8% below the 52-week high.
Data-Driven Bull Case vs. Bear Case + Sector Peer Comparison Table
Points below restate what SEC filings and price data show. They are facts, not a recommendation.
- No clear positive signal in the price trend, filings or insider data right now.
- Annual revenue fell 7.3% in the latest fiscal year (SEC XBRL).
- Latest fiscal-year net income: loss of $18.98M.
- High volatility: average daily move of 12.9% over 20 sessions.
- Thin trading (under $2M a day on average) can mean wide bid/ask spreads.
Sector peers · Food and Kindred Products
| Ticker | Company | Last price | Day | Below 52w high | Avg $ volume (20d) |
|---|---|---|---|---|---|
| BRLSW | Borealis Foods | $0.03 | -12.86% | 22.8% | $972 |
| MDLZ | Mondelez International | $65.19 | +3.91% | 2.2% | $466.83M |
| CAG | Conagra Brands | $15.07 | +7.34% | 25.8% | $194.62M |
| CPB | Campbell'S | $21.26 | +8.69% | 33.6% | $158.63M |
| FLO | Flowers Foods | $6.42 | +10.50% | 51.0% | $38.53M |
| BRBR | Bellring Brands | $9.73 | +6.46% | 71.7% | $38.21M |
| SMPL | Simply Good Foods | $11.08 | +3.84% | 56.8% | $20.93M |
| VITL | Vital Farms | $9.41 | +15.18% | 75.8% | $15.20M |
| NOMD | Nomad Foods | $12.23 | +3.64% | 6.5% | $14.83M |
BRLSW Earnings Date & EPS History
Diluted EPS by fiscal quarter, from Borealis Foods's 10-Q/10-K filings (SEC XBRL).
| Quarter ended | Diluted EPS |
|---|---|
| Mar 31, 2026 | $-0.16 |
| Sep 30, 2025 | $-0.18 |
| Jun 30, 2025 | $0.21 |
| Mar 31, 2025 | $-0.20 |
| Dec 31, 2024 | $-1.25 |
| Sep 30, 2024 | $-0.23 |
| Jun 30, 2024 | $0.29 |
| Mar 31, 2024 | $-0.49 |
BRLSW Revenue, Net Income, Cash & Debt
- Revenue (quarter ended Sep 30, 2024): $8.08M
- Net income (quarter ended Mar 31, 2026): $-3.51M
- Cash & equivalents (as of Mar 31, 2026): $500.00K
BRLSW 52-Week High & Low
BRLSW's 52-week range is $0.03 to $0.04. At $0.03 it is 22.8% below the 52-week high and 0.0% above the 52-week low.
BRLSW Valuation: P/E, P/S, P/B, Margins & Cash vs Debt
Computed from Borealis Foods's SEC XBRL filings and the latest price. A ratio is left out when its denominator is zero or negative.
| Measure | Value | How it is calculated |
|---|---|---|
| Market value | $581.66K | price $0.03 × 21.46M shares (Jun 30, 2026) |
| P/S | 0.02 | market value ÷ revenue $29.10M (FY to Dec 31, 2024) |
| Cash & equivalents | $500.00K | Mar 31, 2026 |
BRLSW 5%+ Holders: Schedule 13D / 13G Filings
Filings by investors reporting a stake of 5% or more (13D = active, 13G = passive), newest first, from SEC EDGAR:
- SCHEDULE 13G/A filed Jul 10, 2026
- SCHEDULE 13D/A filed May 29, 2026
- SCHEDULE 13G filed Feb 27, 2026
- SC 13G/A filed Nov 7, 2024
- SC 13D filed Feb 14, 2024
- SC 13G/A filed Feb 14, 2024
Latest BRLSW SEC 8-K & 10-Q Filings
Every SEC filing by or about BRLSW in the last 120 days, explained in plain English. Updated daily, with a same-day refresh for new filings.
Sep 30, 2026 · Form 10-K/A — Annual report (amended)
Amended annual report
Fiscal year ended Dec 31, 2025:
- Revenue: $31.48M (prior year $29.10M) (+8.2% vs Dec 31, 2024)
- Net income: -$18.98M (prior year -$25.33M) (loss narrowed vs Dec 31, 2024)
- Diluted EPS: -$0.89 (prior year -$1.25) (loss narrowed vs Dec 31, 2024)
Sep 1, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 3.01 — Stock exchange listing notice or transfer of listing.
- Item 7.01 — Released information under Regulation FD (e.g. a presentation or press release).
Aug 26, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 2.02 — Reported results of operations (earnings release).
- Item 7.01 — Released information under Regulation FD (e.g. a presentation or press release).
This is a results-day filing: the earnings press release is attached as an exhibit.
Aug 14, 2026 · Form NT 10-Q — Notice of late quarterly report
Notice of late quarterly report
Jul 29, 2026 · Form 10-K/A — Annual report (amended)
Amended annual report
Jul 10, 2026 · Form SCHEDULE 13G/A — Update to a passive 5%+ stake (13G)
Update to a passive 5%+ stake (13G)
Filed by an outside investor (not the company). It reports a holding of more than 5% of a share class; percentage and holder name are in the filing.
Jul 8, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 3.01 — Stock exchange listing notice or transfer of listing.
Jun 30, 2026 · Form 10-Q — Quarterly report
Quarterly report (unaudited financial statements for the quarter)
Quarter ended Mar 31, 2026:
- Revenue: $7.78M (prior year $7.22M) (+7.7% vs Mar 31, 2025)
- Net income: -$3.51M (prior year -$4.19M) (loss narrowed vs Mar 31, 2025)
- Diluted EPS: -$0.16 (prior year -$0.20) (loss narrowed vs Mar 31, 2025)
Jun 30, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 5.07 — Reported shareholder vote results.
Jun 26, 2026 · Form 3 — New insider holdings
Initial insider ownership statement (Form 3) — a new director, officer or 10% owner disclosed their holdings
Jun 26, 2026 · Form 3 — New insider holdings
Initial insider ownership statement (Form 3) — a new director, officer or 10% owner disclosed their holdings
Things to know before you trade BRLSW
- Last results release: Aug 26, 2026 (8-K Item 2.02). Previous ones: Nov 14, 2024, May 23, 2024, Apr 16, 2024. Based on that rhythm, the next report is likely around Nov 25, 2026 — an estimate, not a confirmed date.
- How much it moves: over the last 20 sessions the average daily move was 12.86% (largest 12.9%). That is a volatile stock.
- Liquidity: about 35.81K shares (≈$970) trade per day on average. Thin volume can mean wider bid/ask spreads.
- 52-week position: $0.03 vs a range of $0.03–$0.04 (0% of the range).
- Dividends: no cash dividends in the last 2 years.
- Splits: none in the last 2 years.
- Insider trades (Form 4, last 12 months, recent 25 shown): 0 open-market buys, 0 sales.
- Latest filings: 8-K Sep 1, 2026; 8-K Aug 26, 2026; 8-K Jul 8, 2026.
- Share count: 21.46M shares outstanding (Jun 30, 2026), +0.4% vs a year earlier.
- Listing: Nasdaq · industry: Food and Kindred Products.
BRLSW market data (last 20 sessions)
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| Oct 22, 2026 | 0.07 | 0.03 | 0.03 | 0.03 | 70.61K |
| Oct 1, 2026 | 0.07 | 0.04 | 0.03 | 0.03 | 1.00K |
About Borealis Foods
Borealis Foods (BRLSW) is listed on the Nasdaq and classified by the SEC under “Food and Kindred Products”. Its business address is in OAKVILLE, Ontario, Canada. State of incorporation: Cayman Islands. Fiscal year ends December 31. SEC CIK 1852973.
BRLSW board of directors & executives
From SEC Form 3/4/5 insider filings made in the last 12 months (date = latest filing).
Directors
| Name | Role | Latest filing |
|---|---|---|
| Amin Ajami | Director | May 22, 2026 |
| Zaure Algaziyeva | Director | Jun 26, 2026 |
| Barthelemy Helg | Director | May 29, 2026 |
| Pavel Mynzhanov | Director | Jun 26, 2026 |
| Reza Soltanzadeh | Chief Executive Officer | May 29, 2026 |
Executive officers
| Name | Title | Latest filing |
|---|---|---|
| Reza Soltanzadeh | Chief Executive Officer | May 29, 2026 |
Recent insider buys & sales
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| No open-market insider buys or sales reported in the last 12 months. | ||||
BRLSW financials (annual, from XBRL filings)
| Fiscal year end | Revenue | Net income | Diluted EPS | Operating cash flow |
|---|---|---|---|---|
| Dec 31, 2025 | — | $-18.98M | -0.89 | $-6.60M |
| Dec 31, 2024 | $29.10M | $-25.33M | -1.25 | $-15.09M |
| Dec 31, 2023 | $31.38M | $-27.48M | -2.56 | $-18.01M |
| Dec 31, 2022 | — | $-302.54K | — | $-2.11M |
| Dec 31, 2021 | — | $-407.62K | — | $-602.16K |
Latest balance sheet: total assets $50.95M, total liabilities $73.65M, cash $500.00K (as of Mar 31, 2026).
BRLSW earnings / results-day log
| Date | Filing | Close that day |
|---|---|---|
| Aug 26, 2026 | 8-K Item 2.02 (results) | — |
| Nov 14, 2024 | 8-K Item 2.02 (results) | — |
| May 23, 2024 | 8-K Item 2.02 (results) | — |
| Apr 16, 2024 | 8-K Item 2.02 (results) | — |
| Feb 13, 2024 | 8-K Item 2.02 (results) | — |
Related stocks · Food and Kindred Products
Mondelez International (MDLZ)Conagra Brands (CAG)Campbell'S (CPB)Flowers Foods (FLO)Bellring Brands (BRBR)Simply Good Foods (SMPL)Vital Farms (VITL)Nomad Foods (NOMD)Beyond Meat (BYND)Once Upon a Farm, PBC (OFRM)
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Information only, not investment advice. BuyMeWhiskey is not a registered investment adviser or broker-dealer; nothing here is a recommendation to buy, sell or hold any security, and there are no price targets. Data comes from SEC EDGAR filings and public end-of-day market data and may be delayed or contain errors. Verify with the company's filings before making decisions. Prices: end-of-day data as of Oct 22, 2026, 4:00 PM ET. Filings: SEC EDGAR. Refreshed every 2 hours during US market hours.