Lifeway Foods, Inc. income statement
In fiscal 2025, Lifeway Foods, Inc. reported revenue of $212m, up 13.7% on the year before, operating income of $16.2m (a 7.6% margin) and net income of $13.9m, or $0.89 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 58 | 70 | 90 | 109 | 130 | 137 | 124 | 119 | 103 | 94 | 102 | 119 | 142 | 160 | 187 | 212 | 242 |
| Cost of revenue | — | — | — | — | — | — | — | 88 | 77 | 72 | 75 | 90 | 115 | 118 | 138 | 154 | 180 |
| Gross profit | 20 | 21 | 27 | 28 | 29 | 30 | 35 | 31 | 26 | 22 | 27 | 29 | 27 | 42 | 49 | 58 | 62 |
| General and administrative | 6 | 5 | 6 | 10 | 12 | 13 | 14 | 14 | 14 | 13 | 12 | 12 | 13 | 13 | 19 | 22 | 22 |
| Operating income | 6 | 5 | 9 | 8 | 4 | 4 | 6 | −1 | −3 | −2 | 5 | 6 | 2 | 17 | 14 | 16 | 16 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income before tax | 6 | 5 | 9 | 8 | 4 | 4 | 6 | −1 | −3 | 1 | 5 | 6 | 2 | 17 | 14 | 20 | 15 |
| Income tax | 3 | 2 | 3 | 3 | 2 | 2 | 2 | −0 | −0 | 1 | 2 | 2 | 1 | 5 | 5 | 6 | 5 |
| Net income | 4 | 3 | 6 | 5 | 2 | 2 | 3 | −0 | −3 | 0 | 3 | 3 | 1 | 11 | 9 | 14 | 11 |
| Diluted EPS | $0.22 | $0.17 | $0.34 | $0.31 | $0.12 | $0.12 | $0.22 | −$0.02 | −$0.19 | $0.03 | $0.21 | $0.21 | $0.06 | $0.75 | $0.60 | $0.89 | $0.70 |
| Diluted shares (average) | — | 16m | 16m | 16m | 16m | 16m | 16m | 16m | 16m | 16m | 16m | 16m | 16m | 15m | 15m | 16m | 16m |
| EBITDA | 8 | 7 | 11 | 10 | 7 | 8 | 9 | 3 | 0 | 1 | 8 | 9 | 5 | 20 | 17 | 20 | 20 |
| 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 | 46 | 47 | 46 | 54 | 57 | 55 | 63 | 67 |
| Cost of revenue | 34 | 35 | 35 | 39 | 41 | 40 | 46 | 54 |
| Gross profit | 12 | 12 | 11 | 15 | 16 | 15 | 17 | 13 |
| General and administrative | 4 | 8 | 5 | 5 | 6 | 6 | 5 | 5 |
| Operating income | 4 | 1 | 2 | 6 | 5 | 4 | 6 | 1 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income before tax | 4 | 1 | 5 | 6 | 5 | 4 | 6 | 0 |
| Income tax | 1 | 1 | 1 | 2 | 2 | 1 | 2 | 0 |
| Net income | 3 | −0 | 4 | 4 | 4 | 3 | 5 | 0 |
| Diluted EPS | $0.19 | $0.00 | $0.23 | $0.28 | $0.23 | $0.15 | $0.30 | $0.01 |
| EBITDA | 5 | 2 | 3 | 7 | 6 | 5 | 7 | 2 |
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