Rhea-AI Summary
Borealis Foods (Nasdaq: BRLS) reported a 110% year-over-year increase in U.S. K–12 school foodservice revenue, driven by ongoing national expansion. The company now reaches more than 20,000 schools across approximately 2,500 districts.
Over the past 12 months, Borealis Foods’ school products shipped through 106 distributors in 40 states, indicating broader market penetration and an expanding institutional foodservice network. According to Borealis Foods, growing demand from school nutrition programs for versatile, nutritionally compliant offerings supports higher production volume, better manufacturing utilization and a foundation for long-term growth in this national channel.
Positive
- K–12 foodservice revenue up 110% year over year
- More than 20,000 schools and about 2,500 districts now served
- 106 distributors across 40 states in past 12 months
- National School Lunch Program covers over 95,000 schools, cited as long-term opportunity
Negative
- None.
Key Figures
Historical Context
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
BRLS showed mixed historical reactions, aligning with positive business updates twice and diverging from them once, while a regulatory deficiency also produced little price change.
Key Terms
institutional foodservice technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Expansion into more than 20,000 schools and 106 distributors establishes institutional foodservice as a growing national channel
NEW YORK, Aug. 26, 2026 (GLOBE NEWSWIRE) -- Borealis Foods Inc. (Nasdaq: BRLS), a food technology and manufacturing company, today announced continued national expansion in the U.S. K–12 foodservice market, with revenue from the channel increasing
Since entering the school foodservice channel, Borealis Foods has expanded its presence to more than 20,000 schools representing approximately 2,500 school districts. Over the past 12 months, the company’s school products have shipped through 106 distributors across 40 states, reflecting broader market penetration and an expanding national distribution network.
“Our progress in the K–12 market reflects Borealis Foods’ ability to identify large institutional opportunities and scale differentiated food solutions through our U.S. manufacturing platform,” said Reza Soltanzadeh, Founder and Chief Executive Officer of Borealis Foods. “Revenue growth of
The expansion reflects demand from school nutrition programs for foods that meet nutritional requirements while remaining practical for school kitchens and appealing to students.
The company’s products provide school nutrition teams with flexible meal options that can be incorporated into soups, stir-fries, salads, bowls and other speed-scratch recipes. This versatility allows school districts to introduce familiar foods in new ways while supporting operational efficiency and menu variety.
The announcement comes as Borealis Foods participates in the School Nutrition Association’s 2026 Annual National Conference in Charlotte, North Carolina, where school nutrition professionals have expressed strong interest in and provided positive feedback regarding the company’s offerings.
“The response from school districts has been outstanding,” said Amanda Bot, Vice President, K–12 Division. “School nutrition administrators are looking for foods that students will be excited to see on the menu, but those products must also be practical, versatile and dependable. Our growing presence in this market reflects our ability to help school foodservice programs address those needs.”
More than 95,000 U.S. schools and institutions participate in the National School Lunch Program, representing a meaningful long-term opportunity for Borealis Foods as it continues to expand its institutional foodservice business nationally.
“As adoption continues, we believe this channel can support increased production volume, greater manufacturing utilization and long-term growth,” Soltanzadeh said. “The national reach we have established provides a strong foundation for continued expansion.”
About Borealis Foods
Borealis Foods Inc. is a food technology company focused on developing and commercializing nutritious, affordable and sustainable food products. Through its wholly owned subsidiary, Palmetto Gourmet Foods, the company develops and manufactures innovative noodle products for retail, foodservice and major food industry partners from its U.S. production facility in Saluda, South Carolina.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include statements regarding the Company’s continued expansion in the K–12 foodservice market, anticipated adoption by school districts and foodservice distributors, the Company’s ability to expand distribution, increase institutional production volume and execute its overall growth strategy. These statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially, including risks relating to school and distributor purchasing decisions, competitive market conditions, supply chain and production factors, customer demand, the Company’s liquidity and financing requirements, its ability to maintain compliance with Nasdaq continued listing requirements, and the other risks described in the Company’s filings with the Securities and Exchange Commission. The Company undertakes no obligation to update these statements except as required by applicable law.
Media Contact
Henry Wong
Chief Marketing and Public Relations Officer
Borealis Foods Inc.
1540 Cornwall Road, Suite 104
Oakville, ON L6J 7W5
(905) 278-2200