Barfresh Food Group vs Borealis Foods
Borealis Foods is the larger business, with $31.5m of revenue in fiscal 2025 against $14.2m for Barfresh Food Group (2.2 times as much). Barfresh Food Group grew faster (32.6% against 8.2%). Barfresh Food Group kept more of each dollar of sales as profit: a net margin of -19.0% against -60.3%.
| Latest fiscal year | Barfresh Food GroupBRFH, 2025 | Borealis FoodsBRLS, 2025 |
|---|---|---|
| Revenue | $14.2m | $31.5m |
| Revenue growth | 32.6% | 8.2% |
| Net income | −$2.7m | −$19.0m |
| Operating margin | -24.2% | -35.1% |
| Net margin | -19.0% | -60.3% |
| Return on equity | — | — |
| Free cash flow | −$1.8m | −$6.6m |
| Cash | — | $64,000 |
| Total debt | $3.8m | $8.7m |
| Debt to equity | 285.5% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 32 | 140 |
| Market value | $9.3m | $25.0m |
| Price vs our value range | — | — |
| Moat score | 20 (Weak) | — |
| Insider trades, 12 months | 0 buys, 2 sales | 0 buys, 0 sales |