Borealis Foods shares outstanding BRLS

Diluted shares outstanding, averaged over each quarter, from 2021.

Borealis Foods had 21.4M diluted shares outstanding on average in Q1 FY26, the quarter to Mar 31, 2026.

That is about the same as a year earlier.

Shares outstanding over time

Fiscal year	Shares, fourth quarter	Change
FY2025	21.5M	+0%
FY2024	21.4M	n/a

Each fiscal year is the twelve months to its fourth quarter, shown as the fourth quarter's average share count.

Quarter	Ended	Shares outstanding	On a year earlier
Q1 FY26	Mar 31, 2026	21.4M	+0%
Q4 FY25	Dec 31, 2025	21.5M	+0%
Q3 FY25	Sep 30, 2025	21.5M	+0%
Q2 FY25	Jun 30, 2025	21.4M	+0%
Q1 FY25	Mar 31, 2025	21.4M	+25%
Q4 FY24	Dec 31, 2024	21.4M	n/a
Q3 FY24	Sep 30, 2024	21.4M	+99%
Q2 FY24	Jun 30, 2024	21.4M	+99%
Q1 FY24	Mar 31, 2024	17.1M	+59%
Q3 FY23	Sep 30, 2023	10.7M	n/a
Q2 FY23	Jun 30, 2023	10.7M	n/a
Q1 FY23	Mar 31, 2023	10.7M	n/a

Diluted shares outstanding, averaged over the period. Fewer shares means each one owns more of the company.

A falling count usually means buybacks. A rising one means stock pay, acquisitions paid in shares or new shares sold.

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.