Filing Flows › Laird Superfood (LSF) › Q1 2025
Laird Superfood (LSF) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Laird Superfood (LSF) reported revenue of $11.7M for the first quarter 2025 (Q1 2025), +18% from a year earlier and +0.4% from the quarter before. Operating margin was -1.9%, net loss $156K (1.3% of revenue).
Laird Superfood, Q1 2025: revenue $11.7M (+18% year over year), operating margin -1.9%, net loss $156K, operating cash flow −$1.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $11.7M | +0.4% | +18% |
| Operating profit | −$218K | — | — |
| Net earnings | −$156K | — | — |
| Operating cash flow | −$1.3M | -476% | — |
What changed
Revenue was $11.7M in Q1 2025, up 18% year over year and roughly flat from the previous quarter.
Gross margin was 41.9%, up 1.9 points from a year earlier. Operating costs exceeded revenue by $218K, an operating margin of -1.9%. Operating expenses grew 1% against revenue growth of 18%. The quarter ended with a net loss of $156K, narrower than the previous quarter's $398K loss. Non-operating items added $74K, -52% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$1.3M. Non-cash charges added back $67K of depreciation and amortization and $508K of share-based compensation. Working capital and other items used $1.7M. Capital expenditures of $72K exceeded it, leaving free cash flow of −$1.3M.
Questions
What was Laird Superfood's revenue in the first quarter 2025?
Laird Superfood (LSF) reported revenue of $11.7M for the first quarter 2025 (Q1 2025), +18% from a year earlier and +0.4% from the quarter before.
Was Laird Superfood profitable in the first quarter 2025?
Operating loss was $218K (-1.9% of revenue) and net loss $156K.
Source: Laird Superfood 10-Q on SEC EDGAR.