Filing Flows › Laird Superfood (LSF) › Q1 2026
Laird Superfood (LSF) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
Laird Superfood (LSF) reported revenue of $13.9M for the first quarter 2026 (Q1 2026), +20% from a year earlier and +4% from the quarter before. Operating margin was -21.7%, net earnings $1.8M (12.6% of revenue).
Laird Superfood, Q1 2026: revenue $13.9M (+20% year over year), operating margin -21.7%, net earnings $1.8M, operating cash flow −$3.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.9M | +4% | +20% |
| Operating profit | −$3.0M | — | — |
| Net earnings | $1.8M | — | — |
| Operating cash flow | −$3.8M | -5702% | — |
What changed
Revenue was $13.9M in Q1 2026, up 20% year over year and up 4% from the previous quarter.
Gross margin was 33.3%, down 8.6 points from Q1 2025. Operating costs exceeded revenue by $3.0M, an operating margin of -21.7%. Operating expenses grew 50% against revenue growth of 20%. The fastest-growing cost line was General & admin (+73%). Net earnings were $1.8M.
Operating cash flow was −$3.8M. Non-cash charges added back $172K of depreciation and amortization and $372K of share-based compensation. Working capital and other items used $6.1M. Capital expenditures of $4K exceeded it, leaving free cash flow of −$3.8M.
Questions
What was Laird Superfood's revenue in the first quarter 2026?
Laird Superfood (LSF) reported revenue of $13.9M for the first quarter 2026 (Q1 2026), +20% from a year earlier and +4% from the quarter before.
Was Laird Superfood profitable in the first quarter 2026?
Operating loss was $3.0M (-21.7% of revenue) and net earnings $1.8M.
Source: Laird Superfood 10-Q on SEC EDGAR.