Filing Flows › Laird Superfood (LSF) › Q3 2025
Laird Superfood (LSF) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 10, 2025
Laird Superfood (LSF) reported revenue of $12.9M for the third quarter 2025 (Q3 2025), +10% from a year earlier and +8% from the quarter before. Operating margin was -7.7%, net loss $975K (7.6% of revenue).
Laird Superfood, Q3 2025: revenue $12.9M (+10% year over year), operating margin -7.7%, net loss $975K, operating cash flow $1.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.9M | +8% | +10% |
| Operating profit | −$996K | — | — |
| Net earnings | −$975K | — | — |
| Operating cash flow | $1.2M | — | +308% |
What changed
Revenue was $12.9M in Q3 2025, up 10% year over year and up 8% from the previous quarter. Laird Superfood Brand was the largest line at 97% of revenue. Laird Superfood Brand added $1.5M year over year (up 13%), 131% of the total change. Other declined 85%.
Gross margin was 36.5%, down 6.5 points from a year earlier. Operating costs exceeded revenue by $1.0M, an operating margin of -7.7%. Operating expenses grew 7% against revenue growth of 10%. The fastest-growing cost line was Sales & marketing (+11%). The quarter ended with a net loss of $1.0M, wider than the previous quarter's $362K loss.
Operating cash flow was $1.2M (up 308% year over year). Non-cash charges added back $60K of depreciation and amortization and $439K of share-based compensation. Working capital and other items added $1.7M.
Questions
What was Laird Superfood's revenue in the third quarter 2025?
Laird Superfood (LSF) reported revenue of $12.9M for the third quarter 2025 (Q3 2025), +10% from a year earlier and +8% from the quarter before.
Was Laird Superfood profitable in the third quarter 2025?
Operating loss was $996K (-7.7% of revenue) and net loss $975K.
Source: Laird Superfood 10-Q on SEC EDGAR.