Borealis Foods CEO Reza Soltanzadeh highlighted the company's manufacturing partnerships with leading global food companies as it rolls out new products in the U.S. and Canada. Soltanzadeh said demand for its protein-rich products remains healthy and that the partnerships will help maximize utilization of its production capacity. For the first quarter ended March 31, 2026, Borealis reported net revenue growth of 8.0% year-over-year, a 29.3% improvement in loss from operations, and a 91% improvement in net cash used in operating activities. The company also refinanced its primary secured debt, extending the maturity to April 2031. Borealis received a Nasdaq notice regarding the minimum Market Value of Listed Securities requirement but has until December 29, 2026, to regain compliance.
Borealis Foods Inc.Borealis reported 8% revenue growth, improved operating loss, and refinanced debt extending maturity to 2031.