Borealis Foods Inc. Reports 110% Growth in U.S. K–12 Revenue

What Happened
Borealis Foods Inc. announced on August 26, 2026 (Form 8-K) that preliminary revenue from its U.S. K–12 school foodservice channel increased 110% for the six months ended June 30, 2026 versus the same period in 2025. The company disclosed this under Item 2.02 (Results of Operations and Financial Condition) and furnished a press release as Exhibit 99.1.

Key Details

• Preliminary U.S. K–12 channel revenue increased 110% for the six months ended June 30, 2026 vs. six months ended June 30, 2025.
• The preliminary revenue figures are unaudited and subject to adjustment pending completion of the Company’s quarter‑end financial statements.
• Company expansion: presence in more than 20,000 schools across ~2,500 school districts.
• Distribution footprint: school products shipped over the past 12 months through 106 distributors in 40 states (disclosed under Item 7.01, Regulation FD).

Why It Matters
A reported 110% year‑over‑year increase in the U.S. K–12 channel signals significant growth in a key recurring revenue market for Borealis. The scale indicated by 20,000+ schools and national distributor coverage suggests broader market penetration, but investors should note the revenue figures are preliminary and unaudited until the Company finalizes its June 30, 2026 financial statements. The press release is furnished with the 8-K (Exhibit 99.1) for further detail.