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Borealis Foods Inc. (BRLS)

USD0.88 -0.12 (-11.74%)
CA NASDAQ Consumer Defensive Packaged Foods
Address 1540 Cornwall Rd L6J 7W5
Oakville, ON, CA
CEO Reza Soltanzadeh
IPO 2021-10-06
CIK 1852973 ISIN CA09973D1050

Explore sections of this company profile

Also trades on NASDAQ Capital Market · BRLS (USD) NASDAQ Capital Market · BRLSW (USD)
Description

Borealis Foods Inc. is an enterprise focused on the distribution of food products that are rich in plant-derived protein. The company's offerings feature Chef Woo, a meat alternative with a high protein content, and Ramen Express, which provides vegetarian ramen noodle selections. Established in 2020, Borealis Foods Inc. conducts its operations from its headquarters in Oakville, Canada.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
USD0.88 -0.12 (-11.74%)
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Volume Profile
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Liquidity & share structure
Average Volume
271.0K
Beta
0.37
Float Shares
5.14M
Free Float %
24.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.32% -3.77% +4.79% -7.27% -19.05% -23.50% -68.13% -85.66% -84.42% -84.42% -84.42%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
0.88
Quality scores
Altman Z-Score
-4.31
Distress
Piotroski F-Score
5 / 9
Average
MOAT Score
0 / 10
No MOAT
Composite Rating
C
Overall Score
2 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
5 / 5
High
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Packaged Foods: +4.4%
    +8.7% Q1'26: +107,526.9% (vs Q1'25)
  • EPS growth Packaged Foods: +14.6%
    +28.8% Q1'26: +20.0% (vs Q1'25)
  • FCF margin FCF growth · Packaged Foods: +15.9%
    -18.8% Q1'26: -1.7% (vs Q1'25)
  • EBIT margin Packaged Foods: +7.9%
    -43.4% Q1'26: +0.0% (vs Q1'25)
  • ROIC Packaged Foods: +7.0%
    -0.3% Q1'26: +0.0% (vs Q1'25)
  • Share dilution Packaged Foods: +0.0%
    +5.5% Q1'26: +0.2% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Packaged Foods: 0.19×
    -2,062.77× Q1'26: -3.42× (vs Q1'25)
Valuation Multiples From To
DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.34) × ERP
WACC = 0% × Ke + 100% × Kd (4.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 0.88
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-06-09 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-06-08 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-06-05 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-06-04 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-06-03 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-06-02 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-06-01 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-05-28 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-05-27 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-05-26 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-05-22 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-05-21 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-05-20 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-05-19 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-05-18 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-05-15 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-05-14 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-05-13 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-05-12 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-05-11 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-05-08 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-05-07 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-05-06 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-05-05 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-05-04 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-05-01 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-04-30 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-04-29 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-04-28 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-04-27 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-04-24 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-04-23 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-04-22 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-04-21 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-04-20 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-04-17 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5
2026-04-16 C 2/5 1/5 5/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-6.69M
OE per share TTM
-0.32
Owner's Yield
-20.43%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
204.0%

Ownership Overview

Ownership breakdown
At a glance
Institutional holders
3
Total invested
56.7K
Insider transactions (90d)
1
Beneficial owners (>5%)
3
Beneficial owners (>5%)
# Reporting person Amount owned % of class Sole voting Shared voting Sole dispositive Shared dispositive Type Citizenship Filing date SEC filing
1 Kenges Rakishev 13.77M 39.09% 13.77M 13.77M IN 1P 2026-05-29
2 Oxus Capital PTE. LTD. 13.77M 39.09% 13.77M 13.77M OO U0 2026-05-29
3 Alta Partners LLC 1.44M 6.30% OO NEW YORK 2026-02-27

Institutional Activity (13F)

Institutional ownership trend From To
13F snapshot — 2026 Q1
Investors holding
3
+3 vs prev Q
New positions
3
Closed positions
0
Increased
3
Reduced
0
Put/Call ratio
0.00
Calls held
Puts held
Top institutional holders
# Investor Shares / Δ Mkt value / Δ Own% / Δ Weight% / Δ Avg px / Perf. Hold / Status
1 CITADEL ADVISORS LLC 14.4K +14.4K (+100.0%) 20.5K +20.5K (+100.0%) 0.07% +0.068 pp 0.00% +0.000 pp USD1.42 +0.0% 1 qtrs NEW
2 MORGAN STANLEY 14.3K +14.3K (+100.0%) 20.3K +20.3K (+100.0%) 0.07% +0.067 pp 0.00% +0.000 pp USD1.42 +0.0% 1 qtrs NEW
3 TWO SIGMA SECURITIES, LLC 11.2K +11.2K (+100.0%) 15.9K +15.9K (+100.0%) 0.05% +0.052 pp 0.00% +0.002 pp USD1.42 +0.0% 1 qtrs NEW
Ownership breakdown by holder

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter
Ratio by transactions
0.00
Bearish
Buys
5
Sells
0
Shares acquired
90.0K
Shares disposed
Cash buys
Cash sales
Net activity
+90,000
Insider buys vs sells (history) From To
Recent insider transactions From To
Date Person Role Transaction A/D Security Shares Price Value Owned after D/I Filing
2026-04-27 Oxus Capital PTE. LTD. 10% Owner A-Award A Convertible Indebtedness 0 0.00 0 D
2026-03-23 Diachenko Sergii 10% Owner P-Purchase A Warrants 961 11.50 11.1K 3,072,471 D
2026-03-20 Diachenko Sergii 10% Owner P-Purchase A Warrants 4,075 11.50 46.9K 3,071,510 D
2026-03-18 Diachenko Sergii 10% Owner P-Purchase A Warrants 4,025 11.50 46.3K 3,021,560 D
2026-03-05 Diachenko Sergii 10% Owner P-Purchase A Warrants 400 11.50 4.6K 3,017,535 D
2026-03-03 Diachenko Sergii 10% Owner P-Purchase A Warrants 16,935 11.50 194.8K 3,017,135 D
2026-01-29 Ajami Amin Director Class A Common Stock 0 0.00 110,169 D
2026-01-12 Soltanzadeh Reza Director / Officer / 10% Owner J-Other D Class A Common Shares 500,000 0.00 3,032,505 I
2026-01-12 Helg Barthelemy Director J-Other D Class A Common Shares 500,000 0.00 2,718,056 D
2025-05-27 OYER STEVEN M Director A-Award A Class A Common Shares 20,000 0.00 22,000 D
2025-05-27 Mynzhanov Kanat Director A-Award A Class A Common Shares 10,000 0.00 60,000 D
2025-05-27 Khemka Shiv Vikram Director A-Award A Class A Common Shares 20,000 0.00 70,000 D
2025-05-27 Helg Barthelemy Director A-Award A Class A Common Shares 20,000 0.00 3,225,556 D
2025-05-27 COUSIN ERTHARIN Director A-Award A Class A Common Shares 20,000 0.00 20,000 D
2025-05-19 Diachenko Sergii 10% Owner P-Purchase A Warrants 46,403 11.50 533.6K 3,000,000 D
2025-04-03 Diachenko Sergii 10% Owner P-Purchase A Warrants 687 11.50 7.9K 2,953,597 D
2025-03-25 Diachenko Sergii 10% Owner P-Purchase A Warrants 4,800 11.50 55.2K 2,952,910 D
2025-03-21 Diachenko Sergii 10% Owner P-Purchase A Warrants 3,822 11.50 44.0K 2,948,110 D
2025-02-14 Diachenko Sergii 10% Owner P-Purchase A Warrants 30,983 11.50 356.3K 2,944,288 D
2025-02-13 Diachenko Sergii 10% Owner P-Purchase A Warrants 16,702 11.50 192.1K 2,913,305 D
2025-02-10 Diachenko Sergii 10% Owner P-Purchase A Warrants 1,148 11.50 13.2K 2,896,603 D
2025-01-16 Diachenko Sergii 10% Owner P-Purchase A Warrants 22,755 11.50 261.7K 2,895,455 D
2024-12-30 Diachenko Sergii 10% Owner P-Purchase A Warrants 27,774 11.50 319.4K 2,872,700 D
2024-12-27 Diachenko Sergii 10% Owner P-Purchase A Warrants 1,101 11.50 12.7K 2,844,926 D
2024-12-23 Diachenko Sergii 10% Owner P-Purchase A Warrants 700 11.50 8.1K 2,843,825 D
2024-12-20 Diachenko Sergii 10% Owner P-Purchase A Warrants 500 11.50 5.8K 2,843,125 D
2024-12-19 Diachenko Sergii 10% Owner P-Purchase A Warrants 600 11.50 6.9K 2,842,625 D
2024-12-06 Diachenko Sergii 10% Owner P-Purchase A Warrants 32,743 11.50 376.5K 2,842,025 D
2024-11-26 Diachenko Sergii 10% Owner P-Purchase A Warrants 1,250 11.50 14.4K 2,809,282 D
2024-11-11 Diachenko Sergii 10% Owner P-Purchase A Warrants 29,457 11.50 338.8K 2,808,032 D
2024-11-08 Diachenko Sergii 10% Owner P-Purchase A Warrants 1,885 11.50 21.7K 2,778,575 D
2024-10-29 Diachenko Sergii 10% Owner P-Purchase A Warrants 94 11.50 1.1K 2,776,690 D
2024-10-28 Diachenko Sergii 10% Owner P-Purchase A Warrants 225 11.50 2.6K 2,776,596 D
2024-10-25 Diachenko Sergii 10% Owner P-Purchase A Warrants 20,000 11.50 230.0K 2,776,371 D
2024-10-24 Diachenko Sergii 10% Owner P-Purchase A Warrants 5,700 11.50 65.6K 2,756,371 D
2024-10-23 Diachenko Sergii 10% Owner P-Purchase A Warrants 8,645 11.50 99.4K 2,750,671 D
2024-10-22 Diachenko Sergii 10% Owner P-Purchase A Warrants 72,822 11.50 837.5K 2,742,026 D
2024-10-21 Diachenko Sergii 10% Owner P-Purchase A Warrants 50,650 11.50 582.5K 2,669,204 D
2024-10-18 Diachenko Sergii 10% Owner P-Purchase A Warrants 250 11.50 2.9K 2,618,554 D
2024-10-16 Diachenko Sergii 10% Owner P-Purchase A Warrants 1,600 11.50 18.4K 2,618,304 D
2024-10-14 Diachenko Sergii 10% Owner P-Purchase A Warrants 400 11.50 4.6K 2,616,704 D
2024-10-09 Oxus Capital PTE. LTD. 10% Owner J-Other D Class A Common Shares 50,000 0.00 5,302,477 D
2024-10-09 Mynzhanov Kanat Director J-Other A Class A Common Stock 50,000 0.00 250,000 D
2024-10-09 Diachenko Sergii 10% Owner P-Purchase A Warrants 16,300 11.50 187.5K 2,616,304 D
2024-10-08 Diachenko Sergii 10% Owner P-Purchase A Warrants 43,945 11.50 505.4K 2,600,004 D
2024-10-07 Diachenko Sergii 10% Owner P-Purchase A Warrants 2,327 11.50 26.8K 2,556,059 D
2024-09-24 Diachenko Sergii 10% Owner P-Purchase A Warrants 3,900 11.50 44.9K 2,553,732 D
2024-09-23 Diachenko Sergii 10% Owner P-Purchase A Warrants 2,700 11.50 31.1K 2,549,832 D
2024-09-19 Diachenko Sergii 10% Owner P-Purchase A Warrants 15,914 11.50 183.0K 2,547,132 D
2024-09-18 Diachenko Sergii 10% Owner P-Purchase A Warrants 2,100 11.50 24.2K 2,531,218 D
2024-08-08 Diachenko Sergii 10% Owner P-Purchase A Warrants 46,350 11.50 533.0K 2,529,118 D
2024-08-06 Diachenko Sergii 10% Owner P-Purchase A Warrants 2,278 11.50 26.2K 2,482,768 D
2024-08-05 Diachenko Sergii 10% Owner P-Purchase A Warrants 44,960 11.50 517.0K 2,480,490 D
2024-07-31 Diachenko Sergii 10% Owner P-Purchase A Warrants 1,940 11.50 22.3K 2,435,530 D
2024-07-26 Diachenko Sergii 10% Owner P-Purchase A Warrants 54,240 11.50 623.8K 2,433,590 D
2024-07-17 Diachenko Sergii 10% Owner P-Purchase A Warrants 16,550 11.50 190.3K 2,379,350 D
2024-07-05 Diachenko Sergii 10% Owner P-Purchase A Warrants 1,360 11.50 15.6K 2,362,800 D
2024-06-27 Diachenko Sergii 10% Owner P-Purchase A Warrants 840 11.50 9.7K 2,341,440 D
2024-06-26 Diachenko Sergii 10% Owner P-Purchase A Warrants 100 11.50 1.2K 2,340,600 D
2024-06-25 Diachenko Sergii 10% Owner P-Purchase A Warrants 500 11.50 5.8K 2,320,500 D
2024-06-17 Diachenko Sergii 10% Owner P-Purchase A Warrants 7,100 11.50 81.7K 2,320,000 D
2024-06-07 Diachenko Sergii 10% Owner P-Purchase A Warrants 3,340 11.50 38.4K 2,287,900 D
2024-06-05 Diachenko Sergii 10% Owner P-Purchase A Warrants 27,000 11.50 310.5K 2,284,560 D
2024-06-04 Diachenko Sergii 10% Owner P-Purchase A Warrants 3,673 11.50 42.2K 2,257,560 D
2024-06-03 Diachenko Sergii 10% Owner P-Purchase A Warrants 2,870 11.50 33.0K 2,203,887 D
2024-05-31 Diachenko Sergii 10% Owner P-Purchase A Warrants 1,717 11.50 19.7K 2,198,717 D
2024-05-30 Diachenko Sergii 10% Owner P-Purchase A Warrants 100 11.50 1.2K 2,197,000 D
2024-03-05 Diachenko Sergii 10% Owner P-Purchase A Warrants 114 11.50 1.3K 2,196,900 D
2024-03-04 Diachenko Sergii 10% Owner Warrants to purchase 2,192,786 11.50 25.22M 0 D
2024-02-28 OYER STEVEN M Director P-Purchase A Class A Common Stock 1,000 9.93 9.9K 2,000
2024-02-09 OYER STEVEN M Director P-Purchase A Class A Common Stock 1,000 8.39 8.4K 1,000
2024-02-07 Wong Henry Officer D Class A Common Stock 0 0.00 14,334
2024-02-07 Wegrzyn Stephen Officer D Class A Common Stock 0 0.00 33,046
2024-02-07 Talle Matt Officer D Class A Common Stock 0 0.00 80,962
2024-02-07 Soltanzadeh Reza Director / Officer / 10% Owner I Class A Common Stock 0 0.00 127,947
2024-02-07 Rasoulian Leila 10% Owner I Class A Common Stock 0 0.00 127,947
2024-02-07 Rahimi Pouneh Officer I Class A Common Stock 0 0.00 192,368
2024-02-07 Oxus Capital PTE. LTD. 10% Owner C-Conversion A Class A Common Shares 1,912,500 0.00 3,412,500
2024-02-07 OYER STEVEN M Director 0 0.00 0
2024-02-07 Mynzhanov Kanat Director D Class A Common Stock 0 0.00 200,000
2024-02-07 Khemka Shiv Vikram Director D Class A Common Stock 0 0.00 50,000
2024-02-07 Helg Barthelemy Director / 10% Owner D Class A Common Stock 0 0.00 3,205,556
2024-02-07 COUSIN ERTHARIN Director 0 0.00 0

Executive team

Top executives
EBIT / Employee
-88.8K
Shares Outstanding
21.46M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings
Filing date Form type Filing
2026-05-29 SC 13D/A
2026-05-29 4/A
2026-05-29 4/A
2026-05-29 4
2026-05-29 4
2026-05-29 4
2026-05-27 8-K
2026-05-22 3
2026-05-15 NT 10-Q
2026-05-15 8-K

Executive team

NameTitleCompensationGender
Reza Soltanzadeh Co-founder, President, Chief Executive Officer & Director 451.0K
Matt Talle Chief Strategy Officer of Palmetto Food Group 256.1K male
Pouneh Rahimi Chief Legal Officer 202.9K female
Henry Wong Chief Marketing Officer 183.4K male
Stephen Wegrzyn Chief Financial Officer 165.0K male
Jeffrey T. Varsalone Chief Restructuring Officer male
Barthelemy Helg Co-Founder & Chairman of the Board male
ESG Rating
B
PACKAGED FOODS
Rank: 56 out of 69
2025
E (Environmental)
52.6 / 62.5
Company / Sector avg.
S (Social)
65.2 / 63.6
Company / Sector avg.
G (Governance)
63.3 / 64.8
Company / Sector avg.
ESG Total
60.4 / 63.6
Company / Sector avg.
ESG Score History PACKAGED FOODS
Benchmark vs Sector
Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits