SequelSEC

Laird Superfood, Inc. LSF

Food and Kindred Products · CIK 0001650696 · Fiscal year ends 1231

Revenue
$49.89M
Fiscal year ended 2025-12-31
Operating income
-$3.41M
Fiscal year ended 2025-12-31
Free cash flow
-$2.86M
Fiscal year ended 2025-12-31

Valuation, from the filing

Public float$52.00MMarket value of stock held by non-affiliates, as stated on the cover page for 2025-06-30
Float per share$4.76Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself.
Float / revenue1.0×A lower bound on the multiple, because affiliate holdings are excluded.
Float / equity4.5×A lower bound on the multiple, because affiliate holdings are excluded.

Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.

How this compares in its industry

Percentile among the Food and Kindred Products filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.

MeasureReportedPercentile
CapEx / revenue0.2%0th
Gross margin37.9%92th
SBC / revenue3.8%91th
Current ratio2.44x79th
Revenue YoY growth15.2%79th
FCF margin-5.7%33th
R&D / revenue0.7%62th
Net margin-6.5%43th
Operating margin-6.8%46th

Laird Superfood, Inc. (LSF) reported revenue of $49.89M and net income of -$3.25M for the fiscal year ended 2025-12-31. This page shows 7 annual periods of income statement, balance sheet and cash flow figures normalized from Laird Superfood, Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Food and Kindred Products.

Income

Laird Superfood, Inc. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Revenue$49.89M$43.30M$34.22M$35.83M$36.81M$25.78M$13.10M
Cost of revenue$30.98M$25.61M$23.91M$30.64M$27.38M$19.20M$8.02M
Gross profit$18.91M$17.69M$10.31M$5.19M$9.43M$6.58M$5.08M
Operating income-$3.41M-$2.17M-$10.70M-$40.36M-$23.95M-$12.93M-$8.75M
Net income-$3.25M-$1.82M-$10.16M-$40.34M-$23.87M-$12.85M-$8.50M
Research & development$329.81K$114.14K$219.72K$427.54K$1.03M$508.17K$324.28K
Weighted-average diluted sharesUnavailableUnavailableUnavailableshares 9.15Mshares 8.98Mshares 5.55Mshares 3.67M
Pretax income-$3.23M-$1.76M-$10.15M-$40.32M-$23.85M-$12.85M-$8.50M
Income tax expense$20.75K$60.32K$15.20K$20.27K$17.83K$0Unavailable
Diluted EPSUnavailableUnavailable$-1.09$-4.41$-2.66$-2.61$-0.29
Selling, general & administrative$22.32M$19.86M$21.01M$45.12M$32.35M$19.00M$13.51M
General & administrative$10.23M$9.30M$9.79M$30.60M$16.46M$8.83M$5.20M
Selling & marketing$12.10M$10.56M$11.22M$14.53M$15.89M$10.17M$8.31M

Balance

Laird Superfood, Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Cash & equivalents$5.11M$8.34M$7.57M$17.29M$22.93M$56.97M$1.00M
Total assets$19.22M$19.26M$18.03M$30.04M$65.85M$82.34M$16.40M
Current assets$18.84M$17.97M$16.34M$27.53M$47.68M$76.00M$10.04M
Total liabilities$7.76M$6.06M$4.62M$7.53M$3.79M$2.79M$1.57M
Current liabilities$7.71M$5.92M$4.38M$7.45M$3.79M$2.74M$1.52M
Total equity incl. NCI$11.46M$13.20M$13.41M$22.51M$62.05M$79.55M$8.11M
Temporary (mezzanine) equity$0UnavailableUnavailableUnavailableUnavailableUnavailable$6.72M
Inventory$7.78M$5.98M$6.32M$5.70M$10.22M$6.30M$2.44M
Accounts receivable$3.90M$1.76M$1.02M$1.49M$1.27M$839.66K$384.81K
Goodwill$0Unavailable$0$0$6.49M$0Unavailable
Long-term debtUnavailableUnavailableUnavailableUnavailableUnavailable$51.00KUnavailable
Accounts payable$46.50KUnavailable$1.65M$1.08M$888.77K$1.32M$724.75K

Cash flow

Laird Superfood, Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Operating cash flow-$2.79M$865.50K-$10.77M-$14.31M-$22.10M-$14.68M-$9.43M
Capital expenditures$76.46K$24.78K$144.02K$1.15M$1.56M$1.06M$2.42M
Investing cash flow-$76.46K-$24.78K$690.31K$8.97M-$12.64M-$4.28M-$7.93M
Financing cash flow-$331.68K-$33.38K-$27.42K$102.27K$576.25K$75.17M$1.03M
Net change in cash-$3.19M$807.35K-$10.10M-$5.24MUnavailableUnavailableUnavailable
Stock-based compensation$1.88M$1.64M$1.09M$631.23KUnavailableUnavailableUnavailable
Common dividends paidUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Common share repurchasesUnavailableUnavailableUnavailableUnavailable$0$20.53K$1.15M
Depreciation & amortization$253.72K$270.27K$306.18K$1.12M$981.60KUnavailableUnavailable

Derived

Laird Superfood, Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Free cash flow-$2.86M$840.73K-$10.91M-$15.47M-$23.65M-$15.74M-$11.86M
Gross margin37.9%40.9%30.1%14.5%25.6%25.5%38.8%
Operating margin-6.8%-5.0%-31.3%-112.7%-65.1%-50.1%-66.8%
FCF margin-5.7%1.9%-31.9%-43.2%-64.3%-61.1%-90.5%
SBC / revenue3.8%3.8%3.2%1.8%UnavailableUnavailableUnavailable
Current ratio2.44x3.03x3.73x3.69x12.59x27.70x6.62x
Revenue YoY growth15.2%26.5%-4.5%-2.7%42.8%96.8%Unavailable
Net margin-6.5%-4.2%-29.7%-112.6%-64.8%-49.8%-64.9%
R&D / revenue0.7%0.3%0.6%1.2%2.8%2.0%2.5%
CapEx / revenue0.2%0.1%0.4%3.2%4.2%4.1%18.5%
Long-term debt / equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rateUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open LSF in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-13View SEC filing
10-Q · Filed 2026-05-14View SEC filing
10-K · Filed 2026-03-30View SEC filing
10-Q · Filed 2025-11-10View SEC filing
10-Q · Filed 2025-08-07View SEC filing
10-Q · Filed 2025-05-07View SEC filing

Companies in the same industry

Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.