BRLS (Borealis Foods) Retained Earnings: $-113.28 Mil (As of Mar. 2026)


What is Borealis Foods Retained Earnings?

Borealis Foods BRLS +7.49% Retained Earnings is $-113.28 Mil as of Mar. 2026. The stock has 4 warning signs investors should review.

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Borealis Foods's retained earnings for the quarter that ended in Mar. 2026 was $-113.28 Mil.

Borealis Foods's quarterly retained earnings declined from Sep. 2025 ($-103.36 Mil) to Dec. 2025 ($-109.77 Mil) and declined from Dec. 2025 ($-109.77 Mil) to Mar. 2026 ($-113.28 Mil).

Borealis Foods's annual retained earnings declined from Dec. 2023 ($-65.47 Mil) to Dec. 2024 ($-90.79 Mil) and declined from Dec. 2024 ($-90.79 Mil) to Dec. 2025 ($-109.77 Mil).

Borealis Foods  (NAS:BRLS) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Borealis Foods Retained Earnings Historical Data

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The historical data trend for Borealis Foods's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Borealis Foods Retained Earnings Chart

Borealis Foods Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Retained Earnings
-11.70 -1.59 -65.47 -90.79 -109.77

Borealis Foods Quarterly Data
Dec21 Mar22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -94.98 -99.58 -103.36 -109.77 -113.28

Borealis Foods Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Frequently Asked Questions Learn more about Retained Earnings →
What does a Retained Earnings of $-113.28 Mil mean?
Borealis Foods (BRLS) has a Retained Earnings of $-113.28 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Borealis Foods and its competitors.
Is Borealis Foods' Retained Earnings too high?
Borealis Foods' current Retained Earnings is $-113.28 Mil.
How does Borealis Foods' Retained Earnings compare to HRGN and DTEAF?
Borealis Foods' Retained Earnings of $-113.28 Mil can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Consumer Packaged Goods company?
A good Retained Earnings depends on the Consumer Packaged Goods industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Borealis Foods and its competitors. Borealis Foods's current Retained Earnings is $-113.28 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Borealis Foods stock overvalued right now?
Borealis Foods (BRLS) has a current Retained Earnings of $-113.28 Mil. The current Retained Earnings is $-113.28 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Borealis Foods (BRLS), the current Retained Earnings is $-113.28 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Borealis Foods Business Description

Address 1540 Cornwall Road, Suite 104, Oakville, ON, CAN, L6J7W5
Borealis Foods Inc is a food technology integrator with a mission to address food security challenges through the development and commercialization of tasty, affordable, and sustainable functional foods. Borealis has developed a range of high-quality, affordable, sustainable, and nutritious premium, ready-to-eat meals sold in the United States, Canada, Central America, South America, and Europe. Through the development and launch of its ready-made ramen, featuring 20 grams of complete plant-based protein per serving, Borealis is developing solutions to address food challenges.