LSF · Laird Superfood, Inc.
Laird Superfood, Inc. manufactures and markets plant-based natural and functional food in the United States. The company provides powdered and liquid coffee creamers; Coffee, tea, and hot chocolate products; hydration and beverage enhancing supplements; hydrate coconut water products; performance mushroom supplements; harvest snacks; and other food items. It provides its products through its e-commerce channels, including lairdsuperfood.com and pickybars.com; and third-party platforms and marketplaces. The company was incorporated in 2015 and is headquartered in Boulder, Colorado.
Cap structure and valuation
| Cap structure | |
|---|---|
| SP | $4.62 |
| SO | 11.0M |
| Options | 1.5M |
| Warrants | 0.0M |
| FD SO | 12.5M |
| MC | $57.7M |
| Cash | $10.2M |
| Total debt | — |
| EV | $47.5M |
| TTM Multiples | |
|---|---|
| EV / Revenue | 0.9x |
| EV / EBITDA | — |
| MC / Net Income | — |
| EV / FCF | — |
| MC / FCF | — |
| Ownership & coverage | |
|---|---|
| Institutional | 16.6% |
| Insiders | 25.0% |
| # Institutions | 46 |
| Analysts | 3 |
| Consensus | — |
| Avg target | $5.17 |
| Short % float | 1.1% |
| Days to cover | 1.24 |
MC = SP × FD SO. EV = MC + Debt − Cash. SP = previous yfinance close. Balance-sheet figures as of 2026-05-08. Multiples use TTM (sum of last 4 quarters); shown as "—" when the denominator is zero or negative, or when fewer than four quarters are reported — a partial sum is not a trailing twelve months. Ownership & coverage per Yahoo Finance as of 2026-07-13 — institutional % is 13F-based, so it can lag a quarter and exceed 100% on share-count timing. Short interest per FINRA bi-monthly reporting, as of 2026-06-29; the float denominator can be unreliable on tiny floats.
Financial statements
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Total Revenue | 13.94 | 13.35 | 12.90 | 11.99 |
| Revenue YoY % | 19.6% | 15.0% | 9.5% | 19.9% |
| Cost of Revenue | 9.30 | 8.80 | 8.19 | 7.21 |
| Gross Profit | 4.64 | 4.55 | 4.70 | 4.78 |
| Gross Profit YoY % | (4.9%) | 1.4% | (7.1%) | 14.5% |
| Gross Margin % | 33.3% | 34.1% | 36.5% | 39.9% |
| SG&A | 7.66 | 6.35 | 5.70 | 5.18 |
| Operating Expense | 7.66 | 6.35 | 5.70 | 5.18 |
| Operating Income | (3.02) | (1.80) | (1.00) | (0.40) |
| Operating Income YoY % | (1285.6%) | (277.3%) | (270.7%) | (18.0%) |
| Operating Margin % | (21.7%) | (13.5%) | (7.7%) | (3.3%) |
| EBITDA | (2.85) | (1.73) | (0.94) | (0.34) |
| EBITDA Margin % | (20.4%) | (13.0%) | (7.3%) | (2.8%) |
| Pretax Income | (2.97) | (1.77) | (0.97) | (0.35) |
| Tax Provision | (4.73) | (0.01) | 0.01 | 0.01 |
| Net Income | 1.75 | (1.76) | (0.98) | (0.36) |
| Net Margin % | 12.6% | (13.2%) | (7.6%) | (3.0%) |
| Diluted EPS | $0.11 | — | — | — |
| Basic EPS | $0.12 | -$0.17 | -$0.09 | -$0.03 |
| Diluted Avg Shares | 11.6 | — | — | — |
| Basic Avg Shares | 10.8 | — | 10.7 | 10.5 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Total Revenue | 52.18 | 49.89 | 43.30 | 34.22 | 35.83 |
| Revenue YoY % | 4.6% | 15.2% | 26.5% | (4.5%) | — |
| Cost of Revenue | 33.50 | 30.98 | 25.61 | 23.91 | 30.64 |
| Gross Profit | 18.67 | 18.91 | 17.69 | 10.31 | 5.19 |
| Gross Profit YoY % | (1.3%) | 6.9% | 71.5% | 98.8% | — |
| Gross Margin % | 35.8% | 37.9% | 40.9% | 30.1% | 14.5% |
| SG&A | 24.89 | 22.32 | 19.86 | 21.01 | 45.12 |
| R&D | — | 0.33 | 0.11 | 0.22 | 0.43 |
| Operating Expense | 24.89 | 22.32 | 19.86 | 21.01 | 45.55 |
| Operating Income | (6.22) | (3.41) | (2.17) | (10.70) | (40.36) |
| Operating Income YoY % | (82.1%) | (57.1%) | 79.7% | 73.5% | — |
| Operating Margin % | (11.9%) | (6.8%) | (5.0%) | (31.3%) | (112.7%) |
| EBITDA | (5.86) | (3.16) | (1.90) | (10.39) | (39.25) |
| EBITDA Margin % | (11.2%) | (6.3%) | (4.4%) | (30.4%) | (109.5%) |
| Other Income / (Expense) | — | — | — | 0.55 | — |
| Pretax Income | (6.06) | (3.23) | (1.76) | (10.15) | (40.32) |
| Tax Provision | (4.72) | 0.02 | 0.06 | 0.02 | 0.02 |
| Net Income | (1.35) | (3.25) | (1.82) | (10.16) | (40.34) |
| Net Margin % | (2.6%) | (6.5%) | (4.2%) | (29.7%) | (112.6%) |
| Diluted EPS | — | — | — | -$1.09 | -$4.41 |
| Basic EPS | -$0.17 | -$0.31 | -$0.18 | -$1.09 | -$4.41 |
| Diluted Avg Shares | 11.6 | — | — | — | 9.1 |
| Basic Avg Shares | 10.8 | 10.6 | 9.9 | 9.3 | 9.1 |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Cash & Equivalents | 10.25 | 5.11 | 5.08 | 3.93 |
| Receivables | 6.90 | 3.90 | 1.98 | 2.75 |
| Inventory | 17.34 | 7.78 | 9.98 | 11.03 |
| Other Current Assets | 3.00 | 2.05 | 1.35 | 1.51 |
| Total Current Assets | 37.49 | 18.84 | 18.39 | 19.22 |
| Net PPE | 0.09 | 0.04 | 0.06 | 0.09 |
| Operating Lease ROU | 0.55 | 0.13 | 0.15 | 0.17 |
| Goodwill | 16.70 | 0.00 | — | — |
| Intangible Assets | 20.05 | 0.21 | 0.25 | 0.95 |
| Total Assets | 74.88 | 19.22 | 18.86 | 20.43 |
| Accounts Payable | 0.05 | 0.05 | — | — |
| Current Lease Liabilities | 0.30 | 0.11 | 0.11 | 0.11 |
| Other Current Liabilities | 11.39 | 7.55 | 5.87 | 6.85 |
| Total Current Liabilities | 11.74 | 7.71 | 5.98 | 6.96 |
| Long-term Lease Liabilities | 0.28 | 0.05 | 0.07 | 0.09 |
| Total Liabilities | 12.02 | 7.76 | 6.05 | 7.05 |
| Mezzanine Equity | 49.34 | 0.00 | — | — |
| Retained Earnings | (109.62) | (111.37) | (109.61) | (108.64) |
| Total Equity | 13.52 | 11.46 | 12.81 | 13.37 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Cash & Equivalents | 10.25 | 5.11 | 8.34 | 7.57 | 17.29 |
| Short-term Investments | — | — | — | — | 0.00 |
| Receivables | 6.90 | 3.90 | 1.76 | 1.02 | 1.49 |
| Inventory | 17.34 | 7.78 | 5.98 | 6.32 | 5.70 |
| Other Current Assets | 3.00 | 2.05 | 1.89 | 1.43 | 3.05 |
| Total Current Assets | 37.49 | 18.84 | 17.97 | 16.34 | 27.53 |
| Net PPE | 0.09 | 0.04 | 0.06 | 0.12 | 0.15 |
| Operating Lease ROU | 0.55 | 0.13 | 0.21 | 0.35 | 0.13 |
| Goodwill | 16.70 | 0.00 | — | 0.00 | 0.00 |
| Intangible Assets | 20.05 | 0.21 | 1.03 | 1.22 | 1.42 |
| Other Assets | — | — | — | — | 0.80 |
| Total Assets | 74.88 | 19.22 | 19.26 | 18.03 | 30.04 |
| Accounts Payable | 0.05 | 0.05 | — | 1.65 | 1.08 |
| Current Lease Liabilities | 0.30 | 0.11 | 0.11 | 0.14 | 0.06 |
| Other Current Liabilities | 11.39 | 7.55 | 5.82 | 2.59 | 6.31 |
| Total Current Liabilities | 11.74 | 7.71 | 5.92 | 4.38 | 7.45 |
| Long-term Lease Liabilities | 0.28 | 0.05 | 0.14 | 0.24 | 0.08 |
| Total Liabilities | 12.02 | 7.76 | 6.06 | 4.62 | 7.53 |
| Mezzanine Equity | 49.34 | 0.00 | — | — | — |
| Retained Earnings | (109.62) | (111.37) | (108.12) | (106.30) | (96.14) |
| Total Equity | 13.52 | 11.46 | 13.20 | 13.41 | 22.51 |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Net Income | 1.75 | (1.76) | (0.98) | (0.36) |
| D&A | 0.17 | 0.07 | 0.06 | 0.06 |
| Stock-Based Comp | 0.37 | 0.45 | 0.44 | 0.49 |
| Δ Working Cap & Other | (6.13) | 1.31 | 1.72 | (3.01) |
| Operating Cash Flow | (3.83) | 0.07 | 1.25 | (2.83) |
| CapEx | (0.00) | — | — | — |
| Acquisitions | (40.20) | — | — | — |
| Investing Cash Flow | (40.21) | (0.00) | 0.00 | (0.01) |
| Other Financing | 49.24 | — | — | — |
| Financing Cash Flow | 49.24 | (0.03) | (0.16) | (0.14) |
| Free Cash Flow | (3.84) | — | — | — |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Net Income | (1.35) | (3.25) | (1.82) | (10.16) | (40.34) |
| D&A | 0.36 | 0.25 | 0.27 | 0.31 | 1.12 |
| Stock-Based Comp | 1.75 | 1.88 | 1.64 | 1.09 | 0.63 |
| Δ Working Cap & Other | (6.10) | (1.67) | 0.78 | (2.00) | 24.28 |
| Operating Cash Flow | (5.34) | (2.79) | 0.87 | (10.77) | (14.31) |
| CapEx | (0.01) | (0.08) | (0.02) | (0.14) | (1.15) |
| Other Investing | (40.20) | — | — | 0.83 | 10.12 |
| Investing Cash Flow | (40.21) | (0.08) | (0.02) | 0.69 | 8.97 |
| Stock Issuance | — | — | — | — | 0.01 |
| Other Financing | 48.91 | — | — | — | — |
| Financing Cash Flow | 48.91 | (0.33) | (0.03) | (0.03) | 0.10 |
| Free Cash Flow | (5.35) | (2.86) | 0.84 | (10.91) | (15.47) |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Current Ratio | 3.19 | 2.44 | 3.08 | 2.76 |
| Quick Ratio | 1.72 | 1.43 | 1.41 | 1.18 |
| Debt / Equity | 0.89 | 0.68 | 0.47 | 0.53 |
| EBITDA Margin % | (20.4%) | (13.0%) | (7.3%) | (2.8%) |
| Working Capital | 25.75 | 11.13 | 12.41 | 12.26 |
| Net Debt | — | — | — | — |
| ROE % | 12.9% | (15.3%) | (7.6%) | (2.7%) |
| ROA % | 2.3% | (9.2%) | (5.2%) | (1.8%) |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Current Ratio | 3.19 | 2.44 | 3.03 | 3.73 | 3.69 |
| Quick Ratio | 1.72 | 1.43 | 2.02 | 2.29 | 2.93 |
| Debt / Equity | 0.89 | 0.68 | 0.46 | 0.34 | 0.33 |
| EBITDA Margin % | (11.2%) | (6.3%) | (4.4%) | (30.4%) | (109.5%) |
| Working Capital | 25.75 | 11.13 | 12.04 | 11.96 | 20.08 |
| Net Debt | — | — | — | — | — |
| ROE % | (9.9%) | (28.4%) | (13.8%) | (75.8%) | (179.2%) |
| ROA % | (1.8%) | (16.9%) | (9.5%) | (56.4%) | (134.3%) |
Insider activity (last 2 years)
| Date Filed | Reporter | Relationship | Trans. Date | Code | Shares | Price | Total Value |
|---|---|---|---|---|---|---|---|
| 2026-06-12 | GRAVES GREGORY B | Director | 2026-06-10 | P | 15,000 | $3.45 | $51,750 |
| 2026-06-09 | LaMontagne Grant J | Director | 2026-06-05 | P | 6,910 | $3.30 | $22,803 |
| 2026-06-09 | LaMontagne Grant J | Director | 2026-06-04 | P | 8,826 | $3.23 | $28,508 |
| 2026-06-09 | LaMontagne Grant J | Director | 2026-06-03 | P | 17,054 | $3.30 | $56,278 |
| 2026-06-09 | LaMontagne Grant J | Director | 2026-06-02 | P | 27,160 | $3.30 | $89,628 |
| 2026-06-01 | LaMontagne Grant J | Director | 2026-05-29 | P | 6,610 | $3.30 | $21,813 |
| 2026-06-01 | LaMontagne Grant J | Director | 2026-05-28 | P | 624 | $3.30 | $2,059 |
| 2026-06-01 | LaMontagne Grant J | Director | 2026-05-22 | P | 615 | $3.30 | $2,030 |
| 2026-06-01 | LaMontagne Grant J | Director | 2026-05-21 | P | 87 | $3.30 | $287 |
| 2026-06-01 | LaMontagne Grant J | Director | 2026-05-20 | P | 22,850 | $3.28 | $74,948 |
| 2026-05-07 | Hamill Anna | Officer (Chief Financial Officer) | 2026-05-05 | F | (768) | — | $-0 |
| 2026-04-23 | NEXUS SPECIAL SITUATIONS III, L.P. | 10% Owner | 2026-04-21 | P | 24,000 | $1,000.00 | $24,000,000 |
| 2026-04-23 | Nexus Capital Management LP | 10% Owner | 2026-04-21 | P | 24,000 | $1,000.00 | $24,000,000 |
| 2026-04-23 | Nexus Capital Management LP | 10% Owner | 2026-04-21 | P | 36,000 | $1,000.00 | $36,000,000 |
| 2026-04-07 | Hamill Anna | Officer (Chief Financial Officer) | 2026-04-03 | F | (4,863) | — | $-0 |
| 2026-04-07 | Vieth Jason D. | Director, Officer (Chief Executive Officer) | 2026-04-03 | F | (10,976) | — | $-0 |
| 2026-04-03 | Hamill Anna | Officer (Chief Financial Officer) | 2026-04-01 | F | (1,168) | — | $-0 |
| 2026-03-11 | Hamill Anna | Officer (Chief Financial Officer) | 2026-03-11 | M | 25,000 | $0.81 | $20,250 |
| 2026-03-11 | Hamill Anna | Officer (Chief Financial Officer) | 2026-03-11 | M | 6,500 | $0.73 | $4,745 |
| 2026-03-11 | Hamill Anna | Officer (Chief Financial Officer) | 2026-03-11 | M | (25,000) | — | $-0 |
| 2026-03-11 | Hamill Anna | Officer (Chief Financial Officer) | 2026-03-11 | M | (6,500) | — | $-0 |
| 2026-02-25 | Vieth Jason D. | Director, Officer (Chief Executive Officer) | 2026-02-23 | F | (31,637) | — | $-0 |
| 2026-02-05 | Hamilton Laird | Director, Officer (Chief Innovator) | 2026-02-04 | M | 50,000 | $2.00 | $100,000 |
| 2026-02-05 | Hamilton Laird | Director, Officer (Chief Innovator) | 2026-02-04 | M | (50,000) | — | $-0 |
| 2026-02-02 | Vieth Jason D. | Director, Officer (Chief Executive Officer) | 2026-01-31 | F | (2,673) | — | $-0 |
| 2025-11-07 | Hamill Anna | Officer (Chief Financial Officer) | 2025-11-04 | F | (3,575) | — | $-0 |
| 2025-11-04 | Vieth Jason D. | Director, Officer (Chief Executive Officer) | 2025-10-31 | F | (3,407) | — | $-0 |
| 2025-07-31 | Vieth Jason D. | Director, Officer (Chief Executive Officer) | 2025-07-31 | F | (2,577) | — | $-0 |
| 2025-06-30 | GRAVES GREGORY B | Director | 2025-06-26 | A | 8,716 | $6.31 | $54,998 |
| 2025-06-27 | Barker Geoffrey T | Director | 2025-06-26 | A | 8,716 | $6.31 | $54,998 |
| 2025-06-27 | Gaston Patrick | Director | 2025-06-26 | A | 8,716 | $6.31 | $54,998 |
| 2025-06-27 | LaMontagne Grant J | Director | 2025-06-26 | A | 8,716 | $6.31 | $54,998 |
| 2025-06-27 | Naylor Maile | Director | 2025-06-26 | A | 8,716 | $6.31 | $54,998 |
| 2025-05-28 | GRAVES GREGORY B | Director | 2025-05-23 | S | (2,127) | $7.03 | -$14,953 |
| 2025-05-28 | GRAVES GREGORY B | Director | 2025-05-23 | G | (28,500) | — | $-0 |
| 2025-05-07 | Hamill Anna | Officer (Chief Financial Officer) | 2025-05-05 | F | (564) | — | $-0 |
| 2025-04-30 | Vieth Jason D. | Director, Officer (Chief Executive Officer) | 2025-04-30 | F | (2,235) | $5.85 | -$13,075 |
| 2025-04-29 | Hamilton Laird | Director, Officer (Chief Innovator) | 2025-04-25 | A | 5,250 | — | $0 |
| 2025-04-29 | Hamill Anna | Officer (Chief Financial Officer) | 2025-04-25 | A | 9,000 | — | $0 |
| 2025-04-11 | Vieth Jason D. | Director, Officer (Chief Executive Officer) | 2025-04-03 | F | (7,151) | $5.39 | -$38,544 |
| 2025-04-07 | Hamill Anna | Officer (Chief Financial Officer) | 2025-04-03 | F | (4,238) | $5.39 | -$22,843 |
| 2025-03-06 | Hamill Anna | Officer (Chief Financial Officer) | 2025-03-05 | P | 183 | $5.40 | $988 |
| 2025-03-06 | Hamill Anna | Officer (Chief Financial Officer) | 2025-03-05 | P | 2,500 | $5.50 | $13,750 |
| 2025-03-06 | Vieth Jason D. | Director, Officer (Chief Executive Officer) | 2025-03-04 | P | 5,000 | $5.23 | $26,150 |
| 2025-03-06 | Vieth Jason D. | Director, Officer (Chief Executive Officer) | 2025-03-04 | P | 5,000 | $5.50 | $27,500 |
| 2025-03-06 | Hamill Anna | Officer (Chief Financial Officer) | 2025-03-04 | P | 87 | $5.70 | $496 |
| 2025-03-06 | Hamill Anna | Officer (Chief Financial Officer) | 2025-03-04 | P | 834 | $5.71 | $4,762 |
| 2025-02-24 | Vieth Jason D. | Director, Officer (Chief Executive Officer) | 2024-02-23 | F | (28,618) | $7.27 | -$208,053 |
| 2025-02-03 | Vieth Jason D. | Director, Officer (Chief Executive Officer) | 2025-01-31 | F | (2,649) | $7.55 | -$20,000 |
| 2024-11-19 | GRAVES GREGORY B | Director | 2024-11-15 | G | (18,000) | — | $-0 |
| 2024-11-06 | Hamill Anna | Officer (Chief Financial Officer) | 2024-11-04 | F | (3,594) | $7.36 | -$26,452 |
| 2024-07-15 | Vieth Jason D. | Director, Officer (Chief Executive Officer) | 2024-07-12 | A | 496,650 | — | $0 |
| 2024-07-15 | Hamilton Laird | Director, Officer (Chief Innovator) | 2024-07-12 | A | 198,000 | — | $0 |
| 2024-07-08 | Richie Steven L | Officer (General Counsel & Secretary) | 2024-07-05 | M | 12,500 | $0.81 | $10,125 |
| 2024-07-08 | Richie Steven L | Officer (General Counsel & Secretary) | 2024-07-05 | M | 25,000 | $1.91 | $47,750 |
| 2024-07-08 | Richie Steven L | Officer (General Counsel & Secretary) | 2024-07-05 | M | (12,500) | — | $-0 |
| 2024-07-08 | Richie Steven L | Officer (General Counsel & Secretary) | 2024-07-05 | M | (25,000) | — | $-0 |
| 2024-07-03 | Richie Steven L | Officer (General Counsel and Corporate) | 2024-06-30 | F | (4,323) | $5.62 | -$24,295 |
| 2024-06-28 | Barker Geoffrey T | Director | 2024-06-27 | A | 20,000 | — | $0 |
| 2024-06-28 | GRAVES GREGORY B | Director | 2024-06-27 | A | 20,000 | — | $0 |
| 2024-06-28 | Gaston Patrick | Director | 2024-06-27 | A | 20,000 | — | $0 |
| 2024-06-28 | LaMontagne Grant J | Director | 2024-06-27 | A | 20,000 | — | $0 |
| 2024-06-28 | Naylor Maile | Director | 2024-06-27 | A | 20,000 | — | $0 |