Event-Driven Stocks

Borealis Foods Inc.

BRLSNasdaq

Consumer Staples · Food and Kindred Products · E9 · SEC filings ↗ · Compare ⊕

View price & chart on Yahoo Finance ↗
Signs● 2 good● 5 warning● 3 severedetails ↓

Financials

SEC XBRL · annual
 FY24FY23FY22FY21
Revenue$29.1M$31.4M——
Operating income−$20.4M−$19.9M−$2.9M−$428,376
Net income−$25.3M−$27.5M−$302,544−$407,624
Total assets$60.0M$65.8M$179.4M$177.5M
Total liabilities$60.7M$87.1M——
Equity−$695,886−$21.3M$4.6M$1.3M
EPS (diluted)$-1.25$-2.56——
Shares out.21.4M10.8M——

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2024
Operating margin
−70.1%
Net margin
−87.0%
Return on equity
3639.6%
Return on assets
−42.2%
Return on capital (ROCE)
−59.0%
Liabilities / assets
101.2%
Debt / equity
—
Book value / share
$-0.03
Revenue growth (YoY)
−7.3%
Net income growth (YoY)
—

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2024
Altman Z″ (distress)
-8.72distress
Accruals / assets
−17.1%clean
Piotroski F-Score
4/9mixed

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
31
/ 100
Profitability 20Growth 0Catalyst 67Earnings quality 67Financial strength 0

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.

Signs

● 3 severe● 5 warning● 2 good
  • Negative shareholder equity
  • Altman Z″ in the distress zone
  • Filed a late-filing notice (Form NT) — missed an SEC deadline
  • Operating losses (negative operating margin)
  • Reported a net loss
  • Revenue declined year-over-year
  • High leverage (liabilities > 70% of assets)
  • Negative operating cash flow
  • Strong return on equity (>15%)
  • Clean earnings (low accruals)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Risk flags

late SEC filings

A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.

5%+ owners

SEC Schedule 13D / 13G · last 3 yrs

Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.

Insider transactions

SEC Form 4 · most recent
5 acquisitions3 disposalsnet −960,000 shares · last 8
InsiderDateTypeSharesPrice
Helg BarthelemyDirectorJan 12, 2026J500,000—
Soltanzadeh RezaOfficer — Chief Executive OfficerJan 12, 2026J500,000—
Khemka Shiv VikramDirectorMay 27, 2025Grant20,000—
Cousin ErtharinDirectorMay 27, 2025Grant20,000—
Helg BarthelemyDirectorMay 27, 2025Grant20,000—
Mynzhanov KanatDirectorMay 27, 2025Grant10,000—
Oyer Steven MDirectorMay 27, 2025Grant20,000—
Oxus Capital Pte. Ltd.10% ownerOct 9, 2024J50,000—

Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.

Short interest

FINRA · bi-monthly
SettlementShares shortDays to coverΔ vs prior
May 15, 2026230,4004.5-54.2%
Apr 30, 2026502,9021.0+701.5%
Apr 15, 202662,7461.2-65.0%
Mar 31, 2026179,27214.0-15.8%
Mar 13, 2026212,81710.2-8.9%

Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (2)