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Borealis Foods Valuation Multiples
Discover revenue and EBITDA valuation multiples for Borealis Foods and similar public comparables like Sapmer, Stadlauer Malzfabrik, Local Bounti, Atlanta Poland and more.
Borealis Foods Overview
About Borealis Foods
Borealis Foods Inc is a food technology company that has developed high-quality, affordable, sustainable, and nutritious ready-to-eat meals. It is a mission-driven company committed to utilizing its products to help solve national and global food security and nutrition challenges. Its commitment to nutrition, affordability, and sustainability reflects its goal of positively impacting both human life and the planet. Through the development and launch of its ready-made ramen, featuring 20 grams of complete plant-based protein per serving, Borealis is developing advanced solutions to address global food challenges.
Founded
2021
HQ

Employees
176
Website
Sectors
Financials (FY)
EV
$69M
Borealis Foods Financials
Borealis Foods reported last fiscal year revenue of $28M and negative EBITDA of ($18M).
In the same fiscal year, Borealis Foods generated $2M in gross profit, ($18M) in EBITDA losses, and had net loss of ($25M).
Borealis Foods P&L
In the most recent fiscal year, Borealis Foods reported revenue of $28M and EBITDA of ($18M).
Borealis Foods expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | — | XXX | $28M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $2M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 8% | XXX | XXX | XXX |
| EBITDA | — | XXX | ($18M) | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | (65%) | XXX | XXX | XXX |
| EBIT Margin | — | XXX | (74%) | XXX | XXX | XXX |
| Net Profit | — | XXX | ($25M) | XXX | XXX | XXX |
| Net Margin | — | XXX | (92%) | XXX | XXX | XXX |
| Net Debt | — | — | $30M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Borealis Foods Stock Performance
Borealis Foods has current market cap of $35M, and enterprise value of $69M.
Market Cap Evolution
Borealis Foods' stock price is $1.63.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $69M | $35M | 0.0% | XXX | XXX | XXX | $-1.18 |
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Start Free TrialBorealis Foods Valuation Multiples
Borealis Foods trades at 2.5x EV/Revenue multiple, and (3.8x) EV/EBITDA.
Borealis Foods Financial Valuation Multiples
As of March 19, 2026, Borealis Foods has market cap of $35M and EV of $69M.
Equity research analysts estimate Borealis Foods' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Borealis Foods has a P/E ratio of (1.4x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $35M | XXX | $35M | XXX | XXX | XXX |
| EV (current) | $69M | XXX | $69M | XXX | XXX | XXX |
| EV/Revenue | — | XXX | 2.5x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | (3.8x) | XXX | XXX | XXX |
| EV/EBIT | — | XXX | (3.4x) | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 31.7x | XXX | XXX | XXX |
| P/E | — | XXX | (1.4x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | (4.1x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Borealis Foods Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Borealis Foods Margins & Growth Rates
Borealis Foods' revenue in the last fiscal year grew by —.
Borealis Foods Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| EBITDA Margin | — | XXX | (65%) | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | 252% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 82% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Borealis Foods Public Comps
See public comps and valuation multiples for other Food & Beverages comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Sapmer | XXX | XXX | XXX | XXX | XXX | XXX |
| Stadlauer Malzfabrik | XXX | XXX | XXX | XXX | XXX | XXX |
| Local Bounti | XXX | XXX | XXX | XXX | XXX | XXX |
| Atlanta Poland | XXX | XXX | XXX | XXX | XXX | XXX |
| Krynica Vitamin | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Borealis Foods M&A Activity
Borealis Foods acquired XXX companies to date.
Last acquisition by Borealis Foods was on XXXXXXXX, XXXXX. Borealis Foods acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Borealis Foods
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialBorealis Foods Investment Activity
Borealis Foods invested in XXX companies to date.
Borealis Foods made its latest investment on XXXXXXXX, XXXXX. Borealis Foods invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Borealis Foods
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Borealis Foods
| When was Borealis Foods founded? | Borealis Foods was founded in 2021. |
| Where is Borealis Foods headquartered? | Borealis Foods is headquartered in Canada. |
| How many employees does Borealis Foods have? | As of today, Borealis Foods has over 176 employees. |
| Who is the CEO of Borealis Foods? | Borealis Foods' CEO is Reza Soltanzadeh. |
| Is Borealis Foods publicly listed? | Yes, Borealis Foods is a public company listed on Nasdaq. |
| What is the stock symbol of Borealis Foods? | Borealis Foods trades under BRLS ticker. |
| When did Borealis Foods go public? | Borealis Foods went public in 2024. |
| Who are competitors of Borealis Foods? | Borealis Foods main competitors are Sapmer, Stadlauer Malzfabrik, Local Bounti, Atlanta Poland. |
| What is the current market cap of Borealis Foods? | Borealis Foods' current market cap is $35M. |
| What is the current revenue of Borealis Foods? | Borealis Foods' last fiscal year revenue is $28M. |
| What is the current EV/Revenue multiple of Borealis Foods? | Current revenue multiple of Borealis Foods is 2.5x. |
| Is Borealis Foods profitable? | No, Borealis Foods is not profitable. |
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