Filing Flows › Lifeway Foods (LWAY) › Q2 2026
Lifeway Foods (LWAY) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 13, 2026
Lifeway Foods (LWAY) reported revenue of $66.9M for the second quarter 2026 (Q2 2026), +24% from a year earlier and +6% from the quarter before. Operating margin was 0.9%, net earnings $127K (0.2% of revenue).
Lifeway Foods, Q2 2026: revenue $66.9M (+24% year over year), operating margin 0.9%, net earnings $127K, operating cash flow −$339K. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $66.9M | +6% | +24% |
| Gross profit | $13.0M | -25% | -15% |
| Operating profit | $600K | -91% | -90% |
| Net earnings | $127K | -97% | -97% |
| Operating cash flow | −$339K | -108% | -109% |
What changed
Revenue was $66.9M in Q2 2026, up 24% year over year and up 6% from the previous quarter. Drinkable Kefir was the largest line at 89% of revenue. Drinkable Kefir added $12.7M year over year (up 27%), 97% of the total change. Cream and Other declined 20%.
Gross margin was 19.5%, down 9.1 points from Q2 2025. Operating profit was $600K, a 0.9% margin (down 9.9 points year over year). Operating profit fell $5.2M even though revenue rose $13.0M versus Q2 2025, so costs grew faster than sales. Operating expenses grew 29% against revenue growth of 24%. The fastest-growing cost line was Sales & marketing (+62%). Net earnings were $127K, down 97% year over year. The effective tax rate was 68.8%.
Operating cash flow was −$339K. Non-cash charges added back $1.1M of depreciation and amortization and $535K of share-based compensation. Working capital and other items used $2.1M. Capital expenditures of $8.5M exceeded it, leaving free cash flow of −$8.8M.
Questions
What was Lifeway Foods' revenue in the second quarter 2026?
Lifeway Foods (LWAY) reported revenue of $66.9M for the second quarter 2026 (Q2 2026), +24% from a year earlier and +6% from the quarter before.
Was Lifeway Foods profitable in the second quarter 2026?
Operating profit was $600K (0.9% of revenue) and net earnings $127K.
Source: Lifeway Foods 10-Q on SEC EDGAR.