What is the 13F Pro Quality Score for BRLS?

13F Pro ranks Borealis Foods Inc. (BRLS) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View BRLS's current score at https://13fpro.ai/research/BRLS (free sign-up required for the full ranking).

Which hedge funds own the most BRLS stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of BRLS include CITADEL ADVISORS, MORGAN STANLEY, TWO SIGMA SECURITIES,. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/BRLS as soon as new 13F filings post.

Where does 13F Pro source BRLS data?

All Borealis Foods Inc. fundamentals and ownership data come directly from SEC EDGAR. Borealis Foods Inc. files with the SEC under CIK 1852973. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is BRLS in?

Borealis Foods Inc. (BRLS) is classified in the Consumer Staples sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/consumer-staples.

How often is BRLS research updated on 13F Pro?

BRLS's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Borealis Foods Inc.(BRLS)Stock Analysis

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13F Pro Quality Score

31.8/100

Rank #2,297 of 2,879 stocks

View Consumer Staples peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

91.6/100

Profitability

10.0/100

Balance Sheet

6.6/100

Earnings Quality

30.0/100

Free Cash Flow

12.8/100

Institutional Flow

89.5/100

Revenue Scale

7.4/100

Dilution Risk

28.9/100

BRLS Stock Analysis & AI Quality Score

AI stock analysis and institutional research for Borealis Foods Inc. (BRLS), a Consumer Staples sector company. 13F Pro's AI-powered ranking engine scores BRLS at 31.8/100 on a 32-signal composite quality model, placing it at rank #2,297 of 2,879 stocks — the bottom half of the AI-ranked universe. BRLS scores in the top quartile across revenue growth (91.6), institutional flow (89.5). Areas of concern include balance sheet strength (6.6) and revenue scale (7.4), which score below median versus the broader universe. Shareholder dilution risk is elevated at 28.9/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), Borealis Foods Inc. reports quarterly revenue of $7.8M, net income of $-3.5M, free cash flow of $-122.9K. Top institutional holders of BRLS by reported 13-F value include CITADEL ADVISORS, MORGAN STANLEY, TWO SIGMA SECURITIES,, based on the most recent SEC filings. BRLS trades on the Nasdaq exchange and files with the SEC under CIK 1852973. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate BRLS daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Borealis Foods Inc. directly from SEC EDGAR. Borealis Foods Inc.'s 13F Pro composite quality score has ranged between 27 and 32 since 2026, currently 31.8 — an improving long-term trajectory across 8 quarterly and live scoring snapshots.

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Fun facts about Borealis Foods Inc.

Quirks, history, and lore behind BRLS — the kind of stuff that makes a stock memorable.

1
The Basics
A Canadian consumer staples company · small-cap · listed on Nasdaq · headquartered in Montreal, Quebec.
2
The Numbers
Revenue in the range of a few million dollars annually — this is a micro-cap growth story, not a household giant, still working toward profitability.
3
The History
Founded in the 2010s, the company set out to disrupt the packaged food industry by targeting consumers who want nutrition without compromise.
4
The Secret
Its core product is a high-protein instant noodle — think ramen reinvented — designed for people who want convenient food that's actually good for you.
5
The Lore
The brand pitches itself as the healthy ramen alternative, with products sold across North America in major retail and e-commerce channels — dorm rooms, meet your match.
6
The Giveaway
A Montreal startup that put Chef Woo noodles on shelves and bet the whole company on making instant ramen respectable — one high-protein brick at a time.

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Revenue

Q1 2026

$7.8M

Net Income

Q1 2026

$-3.5M

Free Cash Flow

Q1 2026

$-122.9K

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+8.7% YoY

$30.1MFY 2025

FY21 —FY23 $30.0MFY24 $27.7MFY25 $30.1M

Net Income

+25.1% YoY

$-19.0MFY 2025

FY21 $-407.6KFY23 $-27.5MFY24 $-25.3MFY25 $-19.0M

Operating Income

+45.9% YoY

$-11.0MFY 2025

FY21 $-428.4KFY23 $-19.9MFY24 $-20.4MFY25 $-11.0M

EPS (Diluted)

+28.8% YoY

$-0.89FY 2025

FY21 —FY23 $-2.56FY24 $-1.25FY25 $-0.89

Total Assets

-12.4% YoY

$52.6MFY 2025

FY21 $177.5MFY23 $65.8MFY24 $60.0MFY25 $52.6M

Op. Cash Flow

+56.3% YoY

$-6.6MFY 2025

FY21 $-602.2KFY23 $-18.0MFY24 $-15.1MFY25 $-6.6M

Metric	FY 2025	FY 2024	FY 2023	FY 2021
Revenue	$30.1M +8.7%	$27.7M -7.7%	$30.0M	—
Net Income	$-19.0M +25.1%	$-25.3M +7.8%	$-27.5M -6641.3%	$-407.6K
Operating Income	$-11.0M +45.9%	$-20.4M -2.3%	$-19.9M -4556.9%	$-428.4K
EPS (Diluted)	$-0.89 +28.8%	$-1.25 +51.2%	$-2.56	—
Total Assets	$52.6M -12.4%	$60.0M -8.8%	$65.8M -62.9%	$177.5M
Operating Cash Flow	$-6.6M +56.3%	$-15.1M +16.2%	$-18.0M -2890.1%	$-602.2K

AI Insight: BRLS Financial Trends

Borealis Foods remains unprofitable with stalled revenue growth and deteriorating equity despite modest operating margin improvement.

• Operating margin improved from -75% in Q2 2024 to -29% in Q1 2026, driven by operating income loss narrowing from -$6M to -$2M.

• Revenue flat at $7M across Q1 2025–Q2 2025, then recovered to $9M in Q4 2025 but fell back to $7M in Q1 2026.

• Operating cash flow improved to near break-even (-$0M in Q3 2025 and Q1 2026) from -$5M in early periods.

⚠ Equity deteriorated from -$15M in Q3 2024 to -$23M in Q1 2026, signaling persistent negative book value and balance sheet stress.

⚠ Net losses continue across most periods; Q1 2026 loss of -$4M persists despite prior-quarter improvement in Q3 2025.

AI Insight: BRLS Ratio Trends

Borealis Foods remains deeply unprofitable, though operating margin improved to −28.0% in Q1 2026 from a trough of −115.0% in Q2 2024.

• Operating margin recovered 87pp from Q2 2024 (−115.0%) to Q1 2026 (−28.0%), though company remains loss-making across all periods shown.

• ROA stabilized around −27% to −28% in Q3 2025 and Q1 2026, after deteriorating to −48.8% in Q4 2025, suggesting reduced volatility.

⚠ Net profit margin contracted to −47.7% in Q1 2026 from −53.2% in Q3 2025; company has not posted positive NPM in any quarter.

⚠ All profitability metrics remain deeply negative; no path to positive earnings visible in available data spanning 10 quarters.

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Available Research

13F Pro tracks comprehensive data for Borealis Foods Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of BRLS

CITADEL ADVISORS LLC
$20.5K14,446 sh
MORGAN STANLEY
$20.3K14,300 sh
TWO SIGMA SECURITIES, LLC
$15.9K11,179 sh

Fund	Value	Shares
CITADEL ADVISORS LLC	$20.5K	14,446
MORGAN STANLEY	$20.3K	14,300
TWO SIGMA SECURITIES, LLC	$15.9K	11,179

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Is BRLS a good stock to buy?

13F Pro's AI-powered analysis of Borealis Foods Inc. (BRLS) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Consumer Staples sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for BRLS are available on the BRLS stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own BRLS?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling BRLS. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Borealis Foods Inc.'s investment landscape.