Lifeway Foods, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $212.5M | $186.8M | $160.1M | $141.6M | $119.1M | $102.0M | $93.7M | $103.4M |
| Cost of Revenue | $154.3M | $138.2M | $117.7M | $114.8M | $90.4M | $75.1M | $71.5M | $77.5M |
| Gross Profit | $58.2M | $48.6M | $42.4M | $26.8M | $28.7M | $26.9M | $22.1M | $25.9M |
| Gross Margin | 27.4% | 26.0% | 26.5% | 18.9% | 24.1% | 26.4% | 23.6% | 25.0% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $21.6M | $19.4M | $13.1M | $12.6M | $11.6M | $11.7M | $12.8M | $13.6M |
| Operating Income | $16.2M | $13.9M | $17.0M | $2.3M | $5.9M | $4.9M | $-1.9M | $-3.1M |
| Operating Margin | 7.6% | 7.4% | 10.6% | 1.7% | 4.9% | 4.8% | -2.1% | -3.0% |
| Interest Expense | — | — | $384.0K | $267.0K | $116.0K | $118.0K | $249.0K | $271.0K |
| Pretax Income | $19.7M | $14.0M | $16.6M | $1.8M | $5.6M | $4.8M | $1.2M | $-3.3M |
| Income Tax Expense | $5.8M | $4.9M | $5.3M | $917.0K | $2.3M | $1.6M | $782.0K | $-225.0K |
| Net Income | $13.9M | $9.0M | $11.4M | $924.0K | $3.3M | $3.2M | $453.0K | $-3.1M |
| Net Margin | 6.5% | 4.8% | 7.1% | 0.7% | 2.8% | 3.2% | 0.5% | -3.0% |
| EPS (Basic) | $0.91 | $0.61 | $0.77 | $0.06 | $0.21 | $0.21 | $0.03 | $-0.19 |
| EPS (Diluted) | $0.89 | $0.60 | $0.75 | $0.06 | $0.21 | $0.21 | $0.03 | $-0.19 |
| Shares Outstanding (Basic) | 15.2M | 14.8M | 14.7M | 15.4M | 15.5M | 15.6M | 15.7M | 15.9M |
| Shares Outstanding (Diluted) | 15.5M | 15.1M | 15.1M | 15.7M | 15.8M | 15.8M | 15.8M | 16.3M |
| Dividends Per Share | — | — | — | — | — | — | — | — |