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Laird Superfood (LSF) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 13, 2026 · Laird Superfood (LSF) Q2 2026 earnings results →

Q2 2026 Revenue up 244% year over year to $41.3M · 4¢ of every $1 of revenue lost · operating margin -4.5%

Laird Superfood made $41.3M in Q2 2026 (+244% Y/Y). Operating margin -4.5%, net loss $1.8M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 13, 2026.

Revenue$41.3M
Year over year+244%
Operating margin-4.5%
Net earnings−$1.8M
Operating cash flow$1.5M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $41.3M in Q2 2026, up 244% year over year and up 196% from the previous quarter.

Gross margin was 30.3%, down 9.6 points from Q2 2025. Operating costs exceeded revenue by $1.9M, an operating margin of -4.5%. Operating expenses grew 178% against revenue growth of 244%. The fastest-growing cost line was General & admin (+229%). The quarter ended with a net loss of $1.8M, after a profit of $1.8M the previous quarter.

Operating cash flow was $1.5M. Non-cash charges added back $1.1M of depreciation and amortization and $281K of share-based compensation. Working capital and other items added $1.9M. Capital expenditures of $42K left free cash flow of $1.4M.

Quarterly history

Laird Superfood revenue by quarterLaird Superfood revenue by quarter$11.6MQ4 2024$11.7MQ1 2025$12.0MQ2 2025$12.9MQ3 2025$13.3MQ4 2025$13.9MQ1 2026$41.3MQ2 2026
Laird Superfood net earnings by quarterLaird Superfood net earnings by quarter−$398KQ4 2024−$156KQ1 2025−$362KQ2 2025−$975KQ3 2025−$1.8MQ4 2025$1.8MQ1 2026−$1.8MQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 13, 2026$41.3M+244%-4.5%−$1.8M$1.5M
Q1 202610-QMay 14, 2026$13.9M+20%-21.7%$1.8M−$3.8M
Q4 202510-KMar 30, 2026$13.3M+15%-13.5%−$1.8M$68K
Q3 202510-QNov 10, 2025$12.9M+10%-7.7%−$975K$1.2M
Q2 202510-QAug 7, 2025$12.0M+20%-3.3%−$362K−$2.8M
Q1 202510-QMay 7, 2025$11.7M+18%-1.9%−$156K−$1.3M
Q4 202410-KFeb 26, 2025$11.6M+26%-4.1%−$398K$339K

Charts

Laird Superfood: revenue growth, year over year and quarter over quarterLaird Superfood: revenue growth, year over year and quarter over quarterY/YQ/Q+26%Q4 2024+18%+0%Q1 2025+20%+3%Q2 2025+10%+8%Q3 2025+15%+4%Q4 2025+20%+4%Q1 2026+244%+196%Q2 2026
Latest (Q2 2026): Y/Y +244%, Q/Q +196%.
Laird Superfood: where the cash came from (+) and went (−), TTM to Q2 2026Laird Superfood: where the cash came from (+) and went (−), TTM to Q2 2026Other financing$109MOther investing−$88.9MCash drawn (+) / kept (−)−$19.0MOperating cash flow−$1.1MCapital spending−$42K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Laird Superfood: profit against cash, quarter by quarterLaird Superfood: profit against cash, quarter by quarterNet incomeOperating cash flow−$166K$306KQ3 2024−$398K$339KQ4 2024−$156K−$1.3MQ1 2025−$362K−$2.8MQ2 2025−$975K$1.2MQ3 2025−$1.8M$68KQ4 2025$1.8M−$3.8MQ1 2026−$1.8M$1.5MQ2 2026
Latest (Q2 2026): Net income −$1.8M, Operating cash flow $1.5M.
Laird Superfood: diluted shares by fiscal yearLaird Superfood: diluted shares by fiscal year6MFY20209MFY20219MFY2022
+64.9% since FY2020: more shares outstanding (issuance, stock pay).
Laird Superfood in its industry: growth against margin (16 companies, SIC 2000)Laird Superfood in its industry: growth against margin (16 companies, SIC 2000)revenue growth, year over year →↑ operating marginmedian -1%median 0%MDLZCAGCPBFLOBRBRBGSSMPLHAINVITLOFRMBYNDBRLSBOFUCFITRWDLSF (+244%, -4%)
Food and Kindred Products; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Laird Superfood

When used in this Annual Report on Form 10-K, the terms “Laird Superfood,” the “Company,” “we,” “our,” and “us” refer to Laird Superfood, Inc. and its wholly owned subsidiary, Picky Bars, LLC, on a consolidated basis. Laird Superfood develops and markets great-tasting, high-quality food and beverage products designed to support health, convenience, and everyday use. Our product portfolio emphasizes natural ingredients, nutrient density, and functional attributes, and includes offerings that incorporate adaptogens and other functional ingredients commonly associated with supporting stress management, energy, mental focus, and overall wellness. Our primary products include: (i) coffee creamers, (ii) coffee, tea, and hot chocolate products, (iii) hydration and beverage enhancing products, and (iv) snacks and other food items.

In its own words, from its 10-K, filed Mar 30, 2026.

Laird Superfood against its Food and Kindred Products peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +244% against the peers' median -4%. Operating margin: -4.5% against the peers' median 9.0%.

CompanyQuarterRevenueY/YOp. margin
LSF Laird SuperfoodQ2 2026$41.3M+244%-4.5%
MDLZ Mondelez InternationalQ3 2026$10.0B+2%17.6%
CAG Conagra BrandsQ1 FY27$2.6B-1%10.3%
CPB Campbell'sQ4 FY26$2.1B-8%0.2%
FLO Flowers FoodsQ2 2026$1.2B-4%5.7%
BRBR Bellring BrandsQ3 FY26$570M+4%11.5%
BGS B&G FoodsQ2 2026$383M-10%9.0%
SMPL Simply Good FoodsQ4 FY26$333M-10%13.8%
HAIN Hain Celestial GroupQ4 FY26$263M-28%-21.2%

Source: Laird Superfood 10-Q on SEC EDGAR · CIK 1650696 · Food and Kindred Products

13F: who owns LSF and who is buying

Largest holders of LSF (13F)Largest holders of LSF (13F)Osaic Holdings$1.9MMink Brook Asset Management LLC$1.7MVanguard Capital Management LLC$1.1MAspiriant, LLC$612KRenaissance Technologies LLC$609KVanguard Group$576KBlackRock$472KGeode Capital Management, LLC$424KHighTower Advisors, LLC$344KCitadel Advisors LLC$213K
Funds' net buying of LSF by quarter (13F)Funds' net buying of LSF by quarter (13F)−$109K2024-09$343K2024-12−$2.5M2025-03$274K2025-06−$177K2025-09−$872025-12$392K2026-03$703K2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on LSF

History

Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results

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