Borealis Foods (BRLS)
Market Price (3/30/2026): $1.39 | Market Cap: $29.8 MilSector: Consumer Staples | Industry: Packaged Foods & Meats
Borealis Foods (BRLS)
Market Price (3/30/2026): $1.39Market Cap: $29.8 MilSector: Consumer StaplesIndustry: Packaged Foods & Meats
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -47% | Weak multi-year price returns2Y Excs Rtn is -98%, 3Y Excs Rtn is -148% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -13 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -46% |
| Megatrend and thematic driversMegatrends include Vegan & Alternative Foods, and Health & Wellness Trends. Themes include Vegan Products, Sustainable Packaging, Show more. | Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 10.23 | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 116% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.7%, Rev Chg QQuarterly Revenue Change % is -7.6% | ||
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -17% | ||
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -65% | ||
| High stock price volatilityVol 12M is 190% | ||
| Key risksBRLS key risks include [1] a severe liquidity crisis creating substantial doubt about its ability to continue operating, Show more. |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -47% |
| Megatrend and thematic driversMegatrends include Vegan & Alternative Foods, and Health & Wellness Trends. Themes include Vegan Products, Sustainable Packaging, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -98%, 3Y Excs Rtn is -148% |
| Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 10.23 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -13 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -46% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 116% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.7%, Rev Chg QQuarterly Revenue Change % is -7.6% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -17% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -65% |
| High stock price volatilityVol 12M is 190% |
| Key risksBRLS key risks include [1] a severe liquidity crisis creating substantial doubt about its ability to continue operating, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Borealis Foods (BRLS) stock has lost about 25% since 11/30/2025 because of the following key factors:
1. Defaults on Credit Agreement and Increased Financial Obligations.
On February 6, 2026, Borealis Foods received a notice from its lender, Frontwell Capital Partners Inc., detailing multiple defaults under its existing credit agreement. These defaults included the failure to maintain a minimum excess availability of $4.375 million and the inability to deliver monthly financial statements for October and November 2025. The lender consequently threatened to increase its general reserve by $200,000 unless Borealis Foods raised an additional $5 million in equity or secured a satisfactory refinancing commitment within 14 days, directly increasing the company's financial burdens.
2. Nasdaq Listing Non-Compliance due to Failure to Hold Annual Meeting.
Borealis Foods received a Nasdaq notice on January 12, 2026, indicating non-compliance with Listing Rule 5620(a) for not holding an annual shareholder meeting within the required timeframe. The company attributed this failure to its challenging financial condition. While Nasdaq granted an extension until May 31, 2026, to regain compliance, this event highlighted significant corporate governance issues and potential operational instability.
Show more
1. Defaults on Credit Agreement and Increased Financial Obligations.
On February 6, 2026, Borealis Foods received a notice from its lender, Frontwell Capital Partners Inc., detailing multiple defaults under its existing credit agreement. These defaults included the failure to maintain a minimum excess availability of $4.375 million and the inability to deliver monthly financial statements for October and November 2025. The lender consequently threatened to increase its general reserve by $200,000 unless Borealis Foods raised an additional $5 million in equity or secured a satisfactory refinancing commitment within 14 days, directly increasing the company's financial burdens.
2. Nasdaq Listing Non-Compliance due to Failure to Hold Annual Meeting.
Borealis Foods received a Nasdaq notice on January 12, 2026, indicating non-compliance with Listing Rule 5620(a) for not holding an annual shareholder meeting within the required timeframe. The company attributed this failure to its challenging financial condition. While Nasdaq granted an extension until May 31, 2026, to regain compliance, this event highlighted significant corporate governance issues and potential operational instability.
Show more
Stock Movement Drivers
Fundamental Drivers
The -24.5% change in BRLS stock from 11/30/2025 to 3/29/2026 was primarily driven by a -24.5% change in the company's P/S Multiple.| (LTM values as of) | 11302025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.84 | 1.39 | -24.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 28 | 28 | 0.0% |
| P/S Multiple | 1.4 | 1.1 | -24.5% |
| Shares Outstanding (Mil) | 21 | 21 | 0.0% |
| Cumulative Contribution | -24.5% |
Market Drivers
11/30/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| BRLS | -24.5% | |
| Market (SPY) | -5.3% | 12.0% |
| Sector (XLP) | 3.9% | -11.2% |
Fundamental Drivers
The -50.4% change in BRLS stock from 8/31/2025 to 3/29/2026 was primarily driven by a -49.2% change in the company's P/S Multiple.| (LTM values as of) | 8312025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.80 | 1.39 | -50.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 28 | 28 | -2.1% |
| P/S Multiple | 2.1 | 1.1 | -49.2% |
| Shares Outstanding (Mil) | 21 | 21 | -0.3% |
| Cumulative Contribution | -50.4% |
Market Drivers
8/31/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| BRLS | -50.4% | |
| Market (SPY) | 0.6% | 11.5% |
| Sector (XLP) | 2.8% | -12.0% |
Fundamental Drivers
The -77.9% change in BRLS stock from 2/28/2025 to 3/29/2026 was primarily driven by a -77.8% change in the company's P/S Multiple.| (LTM values as of) | 2282025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.29 | 1.39 | -77.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 27 | 28 | 2.3% |
| P/S Multiple | 4.8 | 1.1 | -77.8% |
| Shares Outstanding (Mil) | 21 | 21 | -2.8% |
| Cumulative Contribution | -77.9% |
Market Drivers
2/28/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| BRLS | -77.9% | |
| Market (SPY) | 9.8% | 6.7% |
| Sector (XLP) | 1.1% | -8.4% |
Fundamental Drivers
nullnull
Market Drivers
2/28/2023 to 3/29/2026| Return | Correlation | |
|---|---|---|
| BRLS | -86.6% | |
| Market (SPY) | 69.4% | 6.5% |
| Sector (XLP) | 23.1% | -5.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BRLS Return | 1% | 5% | 9% | -47% | -66% | -26% | -85% |
| Peers Return | -14% | -8% | -17% | -9% | -41% | -16% | -71% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -5% | 72% |
Monthly Win Rates [3] | |||||||
| BRLS Win Rate | 67% | 67% | 100% | 42% | 42% | 33% | |
| Peers Win Rate | 44% | 58% | 44% | 44% | 31% | 44% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| BRLS Max Drawdown | -0% | -0% | -0% | -65% | -73% | -67% | |
| Peers Max Drawdown | -24% | -33% | -32% | -22% | -44% | -16% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -5% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: CPB, POST, BYND.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/27/2026 (YTD)
How Low Can It Go
| Event | BRLS | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -2.1% | -25.4% |
| % Gain to Breakeven | 2.1% | 34.1% |
| Time to Breakeven | 153 days | 464 days |
Compare to CPB, POST, BYND
In The Past
Borealis Foods's stock fell -2.1% during the 2022 Inflation Shock from a high on 3/31/2022. A -2.1% loss requires a 2.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Borealis Foods (BRLS)
Borealis Foods Inc. is a fast growing food tech company with a mission to serve growing consumer needs and tackle global food challenges by developing nutritious, sustainable, and affordable ready-to-eat meals. Through continuous R&D, we are committed to making a positive impact on both human life and our planet. The company is located in Oakville, Ontario Canada.
AI Analysis | Feedback
- A Beyond Meat or Impossible Foods focused on a wider variety of sustainable, ready-to-eat meals.
- An Amy's Kitchen if it were a fast-growing food tech startup developing affordable, sustainable ready-to-eat meals.
AI Analysis | Feedback
- Ready-to-Eat Meals: Borealis Foods develops nutritious, sustainable, and affordable pre-prepared meals designed to meet consumer needs and address global food challenges.
AI Analysis | Feedback
Major Customers of Borealis Foods Inc.
Borealis Foods Inc. (BRLS) primarily sells its ready-to-eat meal products to other companies, specifically large retail chains. Their products, which include brands like Chef Woo Ramen and The Naked Market, are then sold to individual consumers through these retail partners.
Based on their public filings, the major customers of Borealis Foods Inc. include:
- Walmart Inc. (WMT) - A significant portion of Borealis Foods' revenue comes from sales to Walmart.
- The Kroger Co. (KR) - Kroger also represents a substantial customer for the company.
- Albertsons Companies Inc. (ACI) - This includes chains like Safeway.
- Sprouts Farmers Market, Inc. (SFM)
- Whole Foods Market (owned by Amazon, AMZN)
AI Analysis | Feedback
```html null ```AI Analysis | Feedback
Reza Soltanzadeh, Chief Executive Officer, FounderReza Soltanzadeh is the visionary founder and CEO of Borealis Foods. He has over 28 years of experience in food sciences and mass food production, holding an MD by training. Soltanzadeh possesses an extensive track record in multibillion-dollar food-focused company mergers and acquisitions, as well as green-stage investments. Previously, he served as the CEO of IIIC Investment Group for 13 years, a multibillion-dollar food-focused buyout firm in emerging markets. His leadership at IIIC Investment Group was marked by success in category consolidations, which brought scale and efficient low-cost production to highly fragmented food categories. He is also the founder and CEO of Palmetto Gourmet Foods and a partner at Z Ventures.
Steve Wegrzyn, Chief Financial Officer
Steve Wegrzyn has served as Borealis Foods' Chief Financial Officer since July 2020. Prior to joining Borealis, he was the Interim Chief Financial Officer and Integration Specialist for Shed Financial Services from January 2019 to July 2020. He also served as Chief Financial Officer for Diesel Laptops, an automotive software company, from January 2018 to November 2018. Wegrzyn held several interim CFO consulting positions from January 2015 to March 2018 across various industries, including computer manufacturing, chemical manufacturing, waste transportation, trucking, and food manufacturing. He began his career as an accountant at Ernst and Young.
Matt Talle, Chief Strategy Officer
Matt Talle has served as Chief Strategy Officer of Palmetto Food Group, a subsidiary of Borealis, since January 2020. Before this role, he spent 30 years at Nissin Foods U.S., where he held multiple leadership positions with increasing responsibility. His tenure at Nissin Foods included roles as Vice President of Business Development (June 2015 to December 2019), Executive Vice President and Board of Director (March 2010 to June 2015), and Vice President of Sales and Marketing (March 2008 to June 2010).
Pouneh Rahimi, Chief Legal Officer
Pouneh Rahimi has served as Borealis Foods' Chief Legal Officer since July 2019. Additionally, she has been legal counsel at Rahimi Law Office since September 2003. Prior to her current roles, Rahimi was a corporate associate at Nixon Peabody LLP.
Henry Wong, Chief Marketing Officer
Henry Wong has served as Chief Marketing Officer of Borealis Foods since 2021. Since September 2016, he has also held the position of President and Creative Strategist at Vyoo Brand + Content, a branding and marketing agency. His past experience includes serving as Senior Vice President of Global Ad Agency Saatchi & Saatchi, and working in marketing and creative directing for brands such as Toyota, Maple Leaf Foods, P&G, and Hormel Foods.
AI Analysis | Feedback
The key risks for Borealis Foods (BRLS) primarily revolve around its financial viability, profitability, and market positioning.
- Going Concern Uncertainty, Liquidity, and Debt: Borealis Foods faces substantial doubt about its ability to continue as a going concern, as highlighted by its former auditor's reports for 2023 and 2024, which cited significant debt due within 12 months and a negative cash flow position. The company has a severe liquidity shortfall, with very low cash reserves compared to its near-term obligations, resulting in negative working capital. Borealis Foods has less than a year of cash runway based on its current free cash flow. Furthermore, the company has experienced financial default challenges with its lender, Frontwell Capital Partners, due to ongoing events of default, leading to the imposition of a default interest rate and potential refusal of future loan requests. This credit strain exacerbates its already high leverage, including significant related-party debt, posing substantial refinancing and repayment risks.
- Unprofitability and Negative Cash Flow: Borealis Foods has consistently been loss-making, reporting a net loss of approximately $8.79 million for the six months ended June 30, 2025, and an earnings before interest and tax (EBIT) loss of $17 million in the prior year. The company continues to burn cash from operations, with a negative cash flow of approximately $3.57 million for the six months ended June 30, 2025. This ongoing unprofitability and cash burn directly contribute to its liquidity issues and further necessitate external financing, which could lead to investor dilution if new equity is raised.
- Customer Concentration and Competitive Pressures: A significant portion of Borealis Foods' revenue is concentrated among a few customers, with sales to four customers accounting for approximately 61% of its revenue during the three-month period ended June 30, 2025. This high customer concentration poses a risk, as the loss or reduction of business from any of these key customers could materially impact its financial performance. Additionally, the company faces challenges in its competitive positioning; it struggles to price its products low enough to compete with cheaper alternatives without sacrificing gross margins, yet raising prices could expose it to increased competition from other high-protein options, raising questions about the long-term viability of its business model.
AI Analysis | Feedback
null
AI Analysis | Feedback
Addressable Markets for Borealis Foods (BRLS)
Borealis Foods (NASDAQ: BRLS) operates in the fast-growing market of nutritious, sustainable, and affordable ready-to-eat meals, with a focus on products like high-protein ramen noodles (e.g., Chef Woo) and whole-wheat ramen (Woodles). The company's products fall within the broader categories of ready-to-eat meals and convenience foods, with a significant emphasis on plant-based and healthy options.
Global Market Sizes:
- Ready Meals Market (Global): The global ready meals market was estimated to be around USD 190.09 billion in 2025 and is forecast to grow to approximately USD 374.99 billion by 2035, with a Compound Annual Growth Rate (CAGR) of 7.03% from 2026 to 2035. Other estimates place the global ready-to-eat foods market at USD 425.39 billion in 2025, projected to reach USD 706.78 billion by 2034 with a CAGR of 5.88%. Another report valued the market at USD 213.9 billion in 2025, anticipating growth to USD 563.5 billion by 2036 at a CAGR of 9.2%.
- Convenience Food Market (Global): The global convenience foods market, a broader category encompassing ready-to-eat meals, was valued at USD 835.38 billion in 2025 and is projected to grow to USD 1,386.03 billion by 2034, exhibiting a CAGR of 5.86%. Another report estimated the market at USD 512 billion in 2024, expected to reach nearly USD 903 billion in 2032.
- Plant-Based Ready Meals Market (Global): This highly relevant segment for Borealis Foods was valued at an estimated USD 11.3 billion in 2024. It is expected to grow at a CAGR of 12.2% between 2024 and 2033, reaching an estimated USD 35.9 billion by 2033. Plant-based ready meals currently represent a significant 40.3% market share of the overall ready-meal market globally.
North American Market Sizes:
- Ready-to-Eat Foods Market (U.S.): The U.S. ready-to-eat foods market is projected to reach USD 116.96 billion by 2032.
- Ready to Eat Meals Market (U.S.): Separately, the U.S. ready to eat meals market was USD 19.5 billion in 2024 and is projected to reach USD 62.0 billion by 2035, growing at a CAGR of 11.09% from 2025 to 2035.
- Ready to Eat Meals Market (Canada): The ready-to-eat meals market in Canada is projected to grow at a 10.63% CAGR from 2025 to 2035. Health-focused meals are identified as the largest segment, and plant-based ready-to-eat meals are the fastest-growing segment in Canada.
AI Analysis | Feedback
Here are the expected drivers of future revenue growth for Borealis Foods (BRLS) over the next 2-3 years:
- Expansion into Foodservice and Institutional Channels: Borealis Foods is strategically expanding its reach into new revenue verticals, specifically targeting foodservice and institutional clients such as K-12 schools, prisons, the U.S. military, and disaster relief programs. The company has already secured a large foodservice customer contributing significantly to sales and is partnering with national brokerage and distribution firms to broaden its market presence in these sectors.
- International Market Expansion: The company anticipates an expansion into new international retail markets, with plans to begin in Europe, specifically Germany, and then progress to Switzerland, France, and England. Borealis Foods already distributes its products across the United States, Canada, Mexico, Central America, South America, and parts of Europe, indicating an established foundation for further international growth.
- Growth in E-commerce Sales: Borealis Foods is focusing on growing its e-commerce presence through platforms like Amazon.com and Walmart.com, which have shown significant growth. The company has achieved a milestone of over 2 million units sold on Amazon and has seen an 871% increase in monthly online sales and a 250% growth in its subscription service in 2024, demonstrating the strong potential of digital sales channels.
- Strategic Partnerships and Brand Collaborations: The company is leveraging strategic partnerships to enhance its brand visibility and manufacturing capabilities. This includes collaborations with major multinational food companies, becoming an exclusive manufacturing partner for a rapidly expanding U.S. grocery chain's branded ramen, and partnerships with culinary figures like Gordon Ramsay, which are expected to elevate brand awareness and market reach for its high-end noodle products.
AI Analysis | Feedback
Share Repurchases
- Borealis Foods authorized a stock buyback program for up to $3.0 million of its common shares, effective June 6, 2024.
- The program was scheduled to expire on May 30, 2025.
- The authorization was made based on the belief that the stock's valuation did not accurately reflect the company's business strength and opportunity.
Share Issuance
- The number of shares outstanding increased from 6.56 million at the end of 2022 to 21.46 million at the end of 2025 and as of March 2026.
- Additional Paid-In Capital increased from $39.79 million in fiscal year 2021 to $90.41 million as of September 30, 2025.
Inbound Investments
- Borealis Foods Inc. received $2.785 million in funding in May 2025.
- Alta Partners LLC reported a 6.3% stake, equivalent to 1,435,364 warrant shares, in February 2026.
- The company has engaged in discussions regarding a proposed secured credit facility refinancing in February 2026.
Outbound Investments
- No information is available regarding outbound investments made by Borealis Foods within the last 3-5 years.
Capital Expenditures
- Capital expenditures were approximately $1.65 million in fiscal year 2024.
- Capital expenditures were approximately $4.47 million in fiscal year 2023.
- A primary focus of capital expenditures has been the establishment of a technologically advanced manufacturing facility.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Is Borealis Foods Stock Built to Withstand More Downside? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to BRLS.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 02272026 | BRBR | BellRing Brands | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
| 02132026 | STZ | Constellation Brands | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 5.7% | 5.7% | 0.0% |
| 02132026 | KMB | Kimberly-Clark | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 1.9% | 1.9% | -1.7% |
| 02062026 | AVO | Mission Produce | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 1.1% | 1.1% | -2.7% |
| 01022026 | CALM | Cal-Maine Foods | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 12.0% | 12.0% | -7.7% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 11.69 |
| Mkt Cap | 2.5 |
| Rev LTM | 4,324 |
| Op Inc LTM | 420 |
| FCF LTM | 216 |
| FCF 3Y Avg | 243 |
| CFO LTM | 460 |
| CFO 3Y Avg | 463 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -1.2% |
| Rev Chg 3Y Avg | 3.1% |
| Rev Chg Q | -6.1% |
| QoQ Delta Rev Chg LTM | -1.6% |
| Op Mgn LTM | -17.9% |
| Op Mgn 3Y Avg | -26.9% |
| QoQ Delta Op Mgn LTM | -0.3% |
| CFO/Rev LTM | -2.7% |
| CFO/Rev 3Y Avg | -12.6% |
| FCF/Rev LTM | -6.1% |
| FCF/Rev 3Y Avg | -17.6% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 2.5 |
| P/S | 0.6 |
| P/EBIT | 3.0 |
| P/E | 5.9 |
| P/CFO | 2.5 |
| Total Yield | -27.5% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | -3.0% |
| D/E | 1.3 |
| Net D/E | 1.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -17.1% |
| 3M Rtn | -17.5% |
| 6M Rtn | -34.7% |
| 12M Rtn | -59.1% |
| 3Y Rtn | -70.7% |
| 1M Excs Rtn | -6.4% |
| 3M Excs Rtn | -10.7% |
| 6M Excs Rtn | -32.0% |
| 12M Excs Rtn | -70.2% |
| 3Y Excs Rtn | -132.1% |
Price Behavior
Price Behavior
| Market Price | $1.39 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 10/06/2021 | |
| Distance from 52W High | -78.6% | |
| 50 Days | 200 Days | |
| DMA Price | $2.31 | $3.51 |
| DMA Trend | down | down |
| Distance from DMA | -39.7% | -60.4% |
| 3M | 1YR | |
| Volatility | 314.9% | 194.9% |
| Downside Capture | 2.17 | 1.44 |
| Upside Capture | 399.98 | 13.15 |
| Correlation (SPY) | 12.8% | 5.9% |
BRLS Betas & Captures as of 2/28/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 4.74 | 4.43 | 3.60 | 2.39 | 0.59 | 0.49 |
| Up Beta | -21.56 | -2.07 | -0.86 | -4.77 | -0.07 | 0.08 |
| Down Beta | 2.13 | 2.57 | 2.33 | 3.26 | 0.55 | 0.47 |
| Up Capture | 1792% | 606% | 392% | 273% | 12% | 4% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 9 | 14 | 22 | 47 | 94 | 269 |
| Down Capture | 311% | 374% | 327% | 277% | 137% | 102% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 12 | 27 | 39 | 76 | 138 | 288 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BRLS | |
|---|---|---|---|---|
| BRLS | -73.3% | 197.8% | -0.01 | - |
| Sector ETF (XLP) | 4.6% | 13.9% | 0.09 | -9.2% |
| Equity (SPY) | 14.5% | 18.9% | 0.59 | 6.7% |
| Gold (GLD) | 50.2% | 27.7% | 1.46 | 3.9% |
| Commodities (DBC) | 17.8% | 17.6% | 0.85 | 11.5% |
| Real Estate (VNQ) | 0.4% | 16.4% | -0.15 | 0.0% |
| Bitcoin (BTCUSD) | -23.7% | 44.2% | -0.49 | 4.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BRLS | |
|---|---|---|---|---|
| BRLS | -35.9% | 121.4% | -0.11 | - |
| Sector ETF (XLP) | 6.8% | 13.2% | 0.30 | -6.2% |
| Equity (SPY) | 11.8% | 17.0% | 0.54 | 4.2% |
| Gold (GLD) | 20.7% | 17.7% | 0.96 | 2.9% |
| Commodities (DBC) | 11.6% | 18.9% | 0.50 | 6.2% |
| Real Estate (VNQ) | 3.0% | 18.8% | 0.07 | -1.1% |
| Bitcoin (BTCUSD) | 4.0% | 56.6% | 0.29 | 3.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BRLS | |
|---|---|---|---|---|
| BRLS | -19.9% | 121.4% | -0.11 | - |
| Sector ETF (XLP) | 7.3% | 14.7% | 0.37 | -6.2% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 4.2% |
| Gold (GLD) | 13.3% | 15.8% | 0.70 | 2.9% |
| Commodities (DBC) | 8.2% | 17.6% | 0.39 | 6.2% |
| Real Estate (VNQ) | 4.7% | 20.7% | 0.19 | -1.1% |
| Bitcoin (BTCUSD) | 66.4% | 66.8% | 1.06 | 3.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/14/2024 | 0.0% | -9.1% | -0.8% |
| 5/23/2024 | 6.2% | 34.2% | 33.1% |
| 2/13/2024 | 2.5% | 18.7% | -16.4% |
| SUMMARY STATS | |||
| # Positive | 3 | 2 | 1 |
| # Negative | 0 | 1 | 2 |
| Median Positive | 2.5% | 26.5% | 33.1% |
| Median Negative | -9.1% | -8.6% | |
| Max Positive | 6.2% | 34.2% | 33.1% |
| Max Negative | -9.1% | -16.4% | |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.