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BRLS

Borealis Foods Inc.
Nasdaq · Food and Kindred Products · EDGAR filings (CIK 1852973) · 5 signals · 0 setups · updated Aug 16, 2026

What the filings say Pressure ▼

Less than six months of cash at the latest burn — the company must raise, cut, or both, soon.

Radar 58 (elevated attention) · dilution pressure elevated · listing risk low · governance risk elevated · runway 0.9 mo · strongest signal: Late filing (NT) (Aug 14, 2026)

Direction is stated for existing shareholders (▼ more shares / survival or listing risk; ▲ insiders or holders buying). It is a characterization of the filings, not a forecast or a recommendation.

58Radar · attention score (0–100)
63Dilution pressure · financing + balance sheet
0Listing risk · exchange standards
57Governance risk · reporting, auditor, going concern

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Balance sheet (XBRL)

$500Kcash + short-term investments as of Mar 31, 2026
0.9 moestimated runway (latest fiscal-year operating cash flow (quarter too short to annualize) [companyfacts])
$-22.7Mstockholders' equity as of Mar 31, 2026
$37.9Mpublic float (10-K cover)
21.5Mshares outstanding as of Jul 28, 2026 · was 21.5M Jun 30, 2026

Runway = liquidity ÷ monthly operating burn at the latest reported period · balance sheet 138 days old. A financing after the balance-sheet date is the main reason a figure can be stale — check the timeline below for offerings since then.

Signal timeline

Last 30 days of filing signals plus current balance-sheet flags, newest first. ▼ pressure · ▲ support · hover a score for its components; every row links to the filing.

DateSignalEvidenceScore
Aug 14, 2026 Late filing (NT) NT 10-Q filed 2026-08-14 filing 47
Jul 29, 2026 Going-concern language “going concern periodic” language in 10-K/A (10-K/A) filed 2026-07-29 filing 25
Mar 31, 2026 Runway < 6 months ~0.9 months runway: liquidity $500,000 as of 2026-03-31, burn $6,598,823/yr (latest fiscal-year operating cash flow (quarter too short to annualize) [companyfacts]) filing 44
Mar 31, 2026 Negative equity Stockholders' equity $-22,702,880 as of 2026-03-31 filing 31
Mar 31, 2026 Cash < current liabilities Liquidity $500,000 vs current liabilities $71,846,949 filing 21
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