Borealis Foods (BRLSW) Gross Margin (2023 - 2025)

Borealis Foods' Gross Margin history runs 3 years deep, the most recent figure standing at 14.13% for Q3 2025.

• In Q3 2025, Gross Margin fell 164.0% year-over-year to 14.13%; the TTM figure through Sep 2025 stood at 9.87% (up 121.0% YoY), while the FY2024 annual figure was 7.91%, up 1207.0% from the prior year.
• Gross Margin was 14.13% for Q3 2025 at Borealis Foods, up from 6.8% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 15.77% in Q3 2024 to a low of 16.12% in Q2 2023.
• Historically, Gross Margin has averaged 4.21% across 3 years, with a median of 6.8% in 2025.
• Biggest YoY gain for Gross Margin was 2405 bps in 2024; the steepest drop was 295 bps in 2024.
• A 3-year view of Gross Margin shows it stood at 7.41% in 2023, then tumbled by 40 bps to 4.46% in 2024, then soared by 217 bps to 14.13% in 2025.
• The last three Gross Margin figures came in at 14.13% (Q3 2025), 6.8% (Q2 2025), and 13.14% (Q1 2025), per Business Quant data.