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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

Canada

Employees

176

Financials (FY)

Revenue: $28M
EBITDA: ($18M)

EV

$69M

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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

See Borealis Foods forward-looking valuation multiples
LTMNTMLast FYFY 2026FY 2027FY 2028
RevenueXXX$28MXXXXXXXXX
Gross ProfitXXX$2MXXXXXXXXX
Gross MarginXXX8%XXXXXXXXX
EBITDAXXX($18M)XXXXXXXXX
EBITDA MarginXXX(65%)XXXXXXXXX
EBIT MarginXXX(74%)XXXXXXXXX
Net ProfitXXX($25M)XXXXXXXXX
Net MarginXXX(92%)XXXXXXXXX
Net Debt$30MXXXXXXXXX

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.

See Borealis Foods trading valuation data
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$69M$35M0.0%XXXXXXXXX$-1.18

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Borealis Foods Valuation Multiples

Borealis Foods trades at 2.5x EV/Revenue multiple, and (3.8x) EV/EBITDA.

See valuation multiples for Borealis Foods and 15K+ public comps

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).

LTMNTMLast FYFY 2026FY 2027FY 2028
Market cap (current)$35MXXX$35MXXXXXXXXX
EV (current)$69MXXX$69MXXXXXXXXX
EV/RevenueXXX2.5xXXXXXXXXX
EV/EBITDAXXX(3.8x)XXXXXXXXX
EV/EBITXXX(3.4x)XXXXXXXXX
EV/Gross ProfitXXX31.7xXXXXXXXXX
P/EXXX(1.4x)XXXXXXXXX
EV/FCFXXX(4.1x)XXXXXXXXX

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.

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Borealis Foods Margins & Growth Rates

Borealis Foods' revenue in the last fiscal year grew by .

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Borealis Foods Operational Valuation Multiples

LTMNTMLast FYFY 2026FY 2027FY 2028
EBITDA MarginXXX(65%)XXXXXXXXX
EBITDA GrowthXXX252%XXXXXXXXX
Opex to RevenueXXX82%XXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 230+ Verticals

Borealis Foods Public Comps

See public comps and valuation multiples for other Food & Beverages comps.

EV/RevenueEV/EBITDA
LTM2026E2027ELTM2026E2027E
SapmerXXXXXXXXXXXXXXXXXX
Stadlauer MalzfabrikXXXXXXXXXXXXXXXXXX
Local BountiXXXXXXXXXXXXXXXXXX
Atlanta PolandXXXXXXXXXXXXXXXXXX
Krynica VitaminXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX

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).

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Latest Acquisitions by Borealis Foods

Acquired CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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Borealis 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).

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Latest Investments by Borealis Foods

CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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About 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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