Laird Superfood, Inc. income statement
In fiscal 2025, Laird Superfood, Inc. reported revenue of $49.9m, up 15.2% on the year before, operating income of −$3.4m (a -6.8% margin) and net income of −$3.3m. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 13 | 26 | 37 | 36 | 34 | 43 | 50 | 81 |
| Cost of revenue | 8 | 19 | 27 | 31 | 24 | 26 | 31 | 55 |
| Gross profit | 5 | 7 | 9 | 5 | 10 | 18 | 19 | 26 |
| Research and development | 0 | 1 | 1 | 0 | 0 | 0 | 0 | — |
| Selling and marketing | 8 | 10 | 16 | 15 | 11 | 11 | 12 | 17 |
| General and administrative | 5 | 9 | 16 | 31 | 10 | 9 | 10 | 17 |
| Operating income | −9 | −13 | −24 | −40 | −11 | −2 | −3 | −8 |
| Interest expense | 0 | 0 | — | — | — | — | — | — |
| Income before tax | −9 | −13 | −24 | −40 | −10 | −2 | −3 | −8 |
| Income tax | — | 0 | 0 | 0 | 0 | 0 | 0 | −5 |
| Net income | −9 | −13 | −24 | −40 | −10 | −2 | −3 | −3 |
| Diluted EPS | −$0.29 | −$2.61 | −$2.66 | −$4.41 | −$1.09 | — | — | −$0.25 |
| Diluted shares (average) | 4m | 6m | 9m | 9m | 9m | 10m | 11m | 11m |
| EBITDA | −8 | −12 | −23 | −39 | −10 | −2 | −3 | −6 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 12 | 12 | 12 | 12 | 13 | 13 | 14 | 41 |
| Cost of revenue | 7 | 7 | 7 | 7 | 8 | 9 | 9 | 29 |
| Gross profit | 5 | 4 | 5 | 5 | 5 | 5 | 5 | 13 |
| Selling and marketing | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 7 |
| General and administrative | 3 | 2 | 2 | 2 | 3 | 3 | 4 | 7 |
| Operating income | −0 | −0 | −0 | −0 | −1 | −2 | −3 | −2 |
| Income before tax | −0 | −0 | −0 | −0 | −1 | −2 | −3 | −2 |
| Income tax | 0 | 0 | 0 | 0 | 0 | −0 | −5 | −0 |
| Net income | −0 | −0 | −0 | −0 | −1 | −2 | 2 | −2 |
| Diluted EPS | — | — | −$0.02 | −$0.03 | — | — | $0.11 | −$0.25 |
| EBITDA | −0 | −0 | −0 | −0 | −1 | −2 | −3 | −1 |
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