Borealis Foods (BRLSW) Operating Expenses (2021 - 2025)

Borealis Foods' Operating Expenses history runs 5 years deep, the most recent figure standing at $3.0 million for Q3 2025.

• In Q3 2025, Operating Expenses fell 52.18% year-over-year to $3.0 million; the TTM figure through Sep 2025 stood at $54.9 million (up 159.46% YoY), while the FY2024 annual figure was $61.2 million, up 1092.66% from the prior year.
• Operating Expenses was $3.0 million for Q3 2025 at Borealis Foods, down from $4.6 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $42.4 million in Q1 2025 to a low of $7929.0 in Q3 2021.
• Historically, Operating Expenses has averaged $4.6 million across 5 years, with a median of $1.2 million in 2023.
• The sharpest annual moves came in 2022 and 2025: Operating Expenses surged 12985.33% in 2022, then slumped 52.18% in 2025.
• A 5-year view of Operating Expenses shows it stood at $401739.0 in 2021, then soared by 85.71% to $746085.0 in 2022, then surged by 49.76% to $1.1 million in 2023, then jumped by 336.12% to $4.9 million in 2024, then sank by 39.14% to $3.0 million in 2025.
• The last three Operating Expenses figures came in at $3.0 million (Q3 2025), $4.6 million (Q2 2025), and $42.4 million (Q1 2025), per Business Quant data.