Borealis Foods (BRLS) Cost of Revenue (2023 - 2025)

Borealis Foods' Cost of Revenue history runs 3 years deep, the most recent figure standing at $5.6 million for Q3 2025.

• On a quarterly basis, Cost of Revenue fell 5.76% year-over-year to $5.6 million in Q3 2025; TTM through Sep 2025 was $23.8 million, a 2.5% decrease from a year earlier, with the FY2024 full-year figure at $23.2 million, down 25.99% from the prior year.
• Cost of Revenue eased to $5.6 million in Q3 2025 per BRLS's latest filing, from $6.7 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $8.7 million in Q1 2023 and bottomed at $4.9 million in Q2 2024.
• The 3-year median for Cost of Revenue is $6.6 million (2024), against an average of $6.5 million.
• Across the five-year window, Cost of Revenue slumped 34.51% in 2024 and jumped 36.11% in 2025, its largest moves.
• Year by year, Cost of Revenue stood at $6.9 million in 2023, then declined by 12.38% to $6.0 million in 2024, then fell by 7.22% to $5.6 million in 2025.
• Per Business Quant, the three latest BRLS Cost of Revenue figures stand at $5.6 million (Q3 2025), $6.7 million (Q2 2025), and $5.5 million (Q1 2025).