• Borealis Foods posted Q1 net loss of $3.51 million, narrowing 16.1% year over year as revenue rose 8% to $7.37 million.
• Operating loss improved 29.3% to $2.06 million; gross profit slipped to $839,000, cutting gross margin by 2 percentage points to 11%.
• SG&A fell 24% to $2.9 million, reflecting lower general and administrative costs, reduced sales and marketing spend, and lower business development expense.
• Cash used in operations narrowed to $123,000 from $1.37 million on working-capital gains; cash was $480,000 with a working-capital deficit of $65.02 million.
• Signed production arrangements with two global food manufacturers to lift contracted volume; refinanced FrontWell with a $17 million Oxus term loan, later adding a $3 million convertible promissory note.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Borealis Foods Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-073767), on June 30, 2026, and is solely responsible for the information contained therein.