LSFNYSEFood and Kindred ProductsFiscal year ends December 31
Laird Superfood, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 13, 2026
$2.80+0.19 (+7.28%)
Close on Oct 19, 2026
- Market cap
- $30.85M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2018 to 2025
Gross margin
37.9%+12.4 pts over 5 years
Operating margin
-6.8%+43.3 pts over 5 years
Net margin
-6.5%+43.3 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +15.2% | +11.7% | +14.1% | – | |
| Gross profit | +6.9% | +53.9% | +23.5% | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | -29.3% | -26.4% | |
| Return on assets | – | -26.0% | -16.9% | |
| Current ratio | – | 27.70 | 2.44 | |
| Debt to equity | – | 0.00 | – | |
| Inventory turnover | – | 4.4× | 4.5× | |
| Capex to revenue | – | 4.1% | 0.2% | |
| Diluted shares | – | 6M | 11M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Laird Superfood generated $50.83M from operations and spent $2.95M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$50.83M
Used
$2.95M
Capital expenditure$2.95M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-6.5%
×Asset turnover2.59×
×Equity multiplier1.56×
=Return on equity, FY2025-26.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -6.5% | 2.59× | 1.56× | -26.4% |
| FY2024 | -4.2% | 2.32× | 1.40× | -13.7% |
| FY2023 | -29.7% | 1.42× | 1.34× | -56.6% |
| FY2022 | -112.6% | 0.75× | 1.13× | -95.4% |
| FY2021 | -64.8% | 0.50× | 1.05× | -33.7% |
| FY2020 | -49.8% | 0.52× | 1.13× | -29.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
2of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$3.25M
- Cash generatingOperating cash flow above zero-$2.79M
- Return on assets improvedROA up on the prior year-10.1% → -16.9%
- Earnings backed by cashOperating cash flow above net income-$2.79M vs -$3.25M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose3.03 → 2.44
- No dilutionShare count did not rise10M → 11M
- Gross margin improvedGross margin up on the prior year40.85% → 37.91%
- More efficientAsset turnover rose2.40 → 2.59