7 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 14.1% per year over the past 5 years.
Operating margin has expanded, at -6.8% in the latest year.
Financial health
The company is unprofitable; at its current free-cash-flow burn it has roughly 1.8 years of cash runway.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$50M
-$3M
37.9%
-6.8%
-$3M
—
$5M
2024
$43M
-$2M
40.9%
-5.0%
$840726
—
$8M
2023
$34M
-$10M
30.1%
-31.3%
-$11M
—
$8M
2022
$36M
-$40M
14.5%
-112.7%
-$15M
—
$17M
2021
$37M
-$24M
25.6%
-65.1%
-$24M
—
$23M
2020
$26M
-$13M
25.5%
-50.1%
-$16M
$51000
$57M
2019
$13M
-$9M
38.8%
-66.8%
-$12M
—
$1M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$14M
$2M
33.3%
-21.7%
-$4M
—
$10M
Dec '25
$13M
-$2M
34.1%
-13.5%
—
—
$5M
Sep '25
$13M
-$975066
36.5%
-7.7%
—
—
$5M
Jun '25
$12M
-$362178
39.9%
-3.3%
—
—
$4M
Mar '25
$12M
-$156182
41.9%
-1.9%
-$1M
—
$7M
Dec '24
$12M
$166120
38.6%
-4.1%
—
—
$8M
Sep '24
$12M
-$166120
43.0%
-2.3%
—
—
$8M
Jun '24
$10M
-$239076
41.8%
-3.4%
—
—
$8M
Mar '24
$10M
-$1M
40.0%
-11.0%
—
—
$7M
Dec '23
$9M
$142923
40.4%
0.5%
—
—
$8M
Sep '23
$9M
-$3M
31.0%
-30.4%
—
—
$7M
Jun '23
$8M
-$4M
24.3%
-47.3%
—
—
$10M
Mar '23
$8M
-$4M
23.1%
-53.0%
—
—
$12M
Dec '22
$9M
-$16M
-4.6%
-174.6%
-$3M
—
$17M
Sep '22
$9M
-$6M
23.4%
-65.8%
-$4M
—
$21M
Jun '22
$9M
-$5M
18.2%
-56.8%
-$4M
—
$24M
Mar '22
$9M
-$14M
20.9%
-149.4%
-$4M
—
$27M
Dec '21
$9M
-$7M
23.6%
-74.9%
-$8M
—
$23M
Sep '21
$11M
-$5M
29.4%
-48.9%
-$4M
$51000
$31M
Jun '21
$9M
-$6M
23.8%
-68.4%
-$6M
$51000
$35M
Valuation over time
How the market has priced LSF against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has risen from 0.3× (Mar '23) to 1.1× (Jun '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is LSF growing its revenue and profit?
Over the past 5 years, Laird Superfood, Inc.'s revenue has grown 14.1% per year. These are computed facts, not advice.
How much debt does LSF have?
As of FY2025, Laird Superfood, Inc. reported — of total debt against $5M of cash.
What is LSF's profit margin?
In FY2025, gross margin was 37.9%, operating margin -6.8%, and net margin -6.5%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.