Laird Superfood, Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $49.9M | $43.3M | $34.2M | $35.8M | $36.8M | $25.8M | $13.1M |
| Cost of Revenue | — | $31.0M | $25.6M | $23.9M | $30.6M | $27.4M | $19.2M | $8.0M |
| Gross Profit | — | $18.9M | $17.7M | $10.3M | $5.2M | $9.4M | $6.6M | $5.1M |
| Gross Margin | — | 37.9% | 40.9% | 30.1% | 14.5% | 25.6% | 25.5% | 38.8% |
| Operating Expenses | ||||||||
| Research & Development | — | $329.8K | $114.1K | $219.7K | $427.5K | $1.0M | $508.2K | $324.3K |
| SG&A Expense | — | $10.2M | $9.3M | $9.8M | $30.6M | $16.5M | $8.8M | $5.2M |
| Operating Income | — | $-3.4M | $-2.2M | $-10.7M | $-40.4M | $-24.0M | $-12.9M | $-8.8M |
| Operating Margin | — | -6.8% | -5.0% | -31.3% | -112.7% | -65.1% | -50.1% | -66.8% |
| Interest Expense | — | — | — | — | — | — | $0 | $48.8K |
| Pretax Income | — | $-3.2M | $-1.8M | $-10.1M | $-40.3M | $-23.9M | $-12.9M | $-8.5M |
| Income Tax Expense | — | $20.7K | $60.3K | $15.2K | $20.3K | $17.8K | $0 | — |
| Net Income | — | $-3.3M | $-1.8M | $-10.2M | $-40.3M | $-23.9M | $-12.9M | $-8.5M |
| Net Margin | — | -6.5% | -4.2% | -29.7% | -112.6% | -64.8% | -49.8% | -64.9% |
| EPS (Basic) | — | $-0.31 | $-0.18 | $-1.09 | $-4.41 | $-2.66 | $-2.61 | $-0.29 |
| EPS (Diluted) | — | — | — | $-1.09 | $-4.41 | $-2.66 | $-2.61 | $-0.29 |
| Shares Outstanding (Basic) | 10.9M | 10.6M | 9.9M | 9.3M | 9.1M | 9.0M | 5.5M | 3.7M |
| Shares Outstanding (Diluted) | 10.9M | 10.6M | 9.9M | 9.3M | 9.1M | 9.0M | 5.5M | 3.7M |
| Dividends Per Share | — | — | — | — | — | — | — | — |