Filing Flows › Lifeway Foods (LWAY) › Q2 2026 › vs Q2 2025
Lifeway Foods (LWAY) Q2 2026 vs Q2 2025 (year over year)
Lifeway Foods's revenue rose $13.0M (+24%) from $53.9M in Q2 2025 to $66.9M in Q2 2026. The biggest changes: Net Sales +$13.1M (+24%); Other Dairy −$66K (-20%). Gross margin 19.5% against 28.6% (-9.1 pts).
Lifeway Foods, Q2 2026: revenue $66.9M (+24% year over year), operating margin 0.9%, net earnings $127K, operating cash flow −$339K. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 19.5% | 28.6% | -9.1 pts |
| Operating margin | 0.9% | 10.8% | -9.9 pts |
| Net margin | 0.2% | 7.9% | -7.7 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Drinkable Kefir | $59.4M | $46.8M | $12.7M | +27% |
| Cheese | $4.7M | $4.0M | $655K | +16% |
| Cream and Other | $1.9M | $2.4M | −$480K | -20% |
| Drinkable Yogurt | $676K | $449K | $227K | +51% |
| Net Sales | $66.6M | $53.6M | $13.1M | +24% |
| Other Dairy | $263K | $329K | −$66K | -20% |
| Revenue | $66.9M | $53.9M | $13.0M | +24% |
| Gross profit | $13.0M | $15.4M | −$2.4M | -15% |
| Cost of revenue | $53.9M | $38.5M | $15.4M | +40% |
| Operating profit | $600K | $5.8M | −$5.2M | -90% |
| Operating expenses | $12.4M | $9.6M | $2.8M | +29% |
| Pre-tax earnings | $407K | $5.9M | −$5.5M | -93% |
| Sales & marketing | $7.6M | $4.7M | $2.9M | +62% |
| General & admin | $4.7M | $4.8M | −$95K | -2% |
| Other operating costs | $135K | $135K | $0 | 0% |
| Net earnings | $127K | $4.2M | −$4.1M | -97% |
| Income tax | $280K | $1.7M | −$1.4M | -83% |
| Operating cash sources | $2.1M | $1.9M | $239K | +13% |
| Depreciation & amortization | $1.1M | $967K | $176K | +18% |
| Share-based compensation | $535K | $601K | −$66K | -11% |
| Cash used in operations | $339K | −$3.9M | $4.3M | — |
| Working capital & other | $2.1M | $1.9M | $239K | +13% |
Questions
How much did Lifeway Foods's revenue grow year over year in Q2 2026?
Lifeway Foods's revenue rose $13.0M (+24%) from $53.9M in Q2 2025 to $66.9M in Q2 2026.
What drove Lifeway Foods's revenue change in Q2 2026?
Net Sales +$13.1M (+24%); Other Dairy −$66K (-20%).