Filing Flows › Lifeway Foods (LWAY) › How it makes money
How Lifeway Foods (LWAY) makes money
Lifeway Foods (LWAY) made $66.9M of revenue in the second quarter 2026 (Q2 2026), +24% from a year earlier. Net Sales brought in $66.6M (100%); Other Dairy brought in $263K (0%). Of every dollar of revenue, 19¢ was left as gross profit, 1¢ was left as operating profit, 0¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q2 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Net Sales | $66.6M | 99.6% | — | +24% |
| ↳ Drinkable Kefir | $59.4M | 88.8% | — | +27% |
| ↳ Cheese | $4.7M | 7.0% | — | +16% |
| ↳ Cream and Other | $1.9M | 2.8% | — | -20% |
| ↳ Drinkable Yogurt | $676K | 1.0% | — | +51% |
| Other Dairy | $263K | 0.4% | — | -20% |
Where each dollar of revenue goes
| Line | Q2 2026 | % of revenue |
|---|---|---|
| Revenue | $66.9M | 100.0% |
| Cost of revenue | $53.9M | 80.5% |
| Gross profit | $13.0M | 19.5% |
| Operating expenses | $12.4M | 18.6% |
| Operating profit | $600K | 0.9% |
| Income tax | $280K | 0.4% |
| Net earnings | $127K | 0.2% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 2026 | $66.9M | +24% |
| Q1 2026 | $63.0M | +37% |
| Q4 2025 | $55.4M | +18% |
| Q3 2025 | $57.1M | +24% |
| Q2 2025 | $53.9M | +10% |
| Q1 2025 | $46.1M | +3% |
| Q4 2024 | $46.9M | +12% |
From Lifeway Foods' 10-Q filed Aug 13, 2026 (on EDGAR).
Questions
How does Lifeway Foods make money?
Lifeway Foods (LWAY) made $66.9M of revenue in the second quarter 2026 (Q2 2026), +24% from a year earlier. Net Sales brought in $66.6M (100%); Other Dairy brought in $263K (0%). Of every dollar of revenue, 19¢ was left as gross profit, 1¢ was left as operating profit, 0¢ was left as net earnings.
What is Lifeway Foods' biggest business?
Net Sales: $66.6M in the second quarter 2026, 100% of revenue, +24% from a year earlier.
What is Lifeway Foods' profit margin?
Net earnings were $127K, 0.2% of revenue, in the second quarter 2026; the operating margin was 0.9%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.