Laird Superfood, Inc.

Listed Company

LSFCIK 0001650696NYSENon-AcceleratedSmaller ReportingFood And Kindred ProductsNevadaFY ends Dec 31

Period

FY 2025

Revenue

$49.89M

Net Income

$-3.25M

Total Assets

$19.22M

Equity

$11.46M

Shares Out

10.93M

Op. Cash Flow

$-2.79M

Business

Laird Superfood, Inc. develops and sells clean, functional, and sustainability-conscious food and beverage products emphasizing natural ingredients and adaptogens. Its primary offerings include coffee creamers (powdered and liquid), hydration and beverage enhancers, harvest snacks and bars, and coffee, tea, and hot chocolate products with functional mushroom and superfood ingredients. The company operates through branded product lines including Picky Bars and maintains an omnichannel business with direct-to-consumer e-commerce and wholesale retail operations as its key commercial segments. Products are marketed primarily in the U.S. through DTC websites, Amazon, grocery chains, club, specialty and food service channels.

Summary from filing dated 2025-02-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Sales, net	50	43	34	36	37
Cost of goods sold	−31	−26	−24	−31	−27
Gross profit	19	18	10	5	9
Salaries, wages, and benefits	4	4	4	6	—
Other general and administrative	6	5	6	8	8
Total general and administrative expenses	10	9	10	31	16
Marketing and advertising	7	6	8	—	—
Selling	4	4	3	—	—
Related party marketing agreements	309,805	251,061	285,172	51,812	—
Total sales and marketing expenses	12	11	11	15	16
Total operating expenses	22	20	21	46	33
Operating loss	−3	−2	−11	−40	−24
Nonoperating Income (Expense)	182,635	413,255	551,064	47,088	99,704
Loss before income taxes	−3	−2	−10	−40	−24
Income tax expense	−20,746	−60,324	−15,195	−20,269	−17,834
Net loss	−3	−2	−10	−40	−24
Net loss per share, basic and diluted (in dollars per share)	−0.31	−0.18	−1.09	−4.41	−2.66
Weighted average shares outstanding - basic and diluted (in shares)	11	10	9	9	9

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash, cash equivalents, and restricted cash	5	9	8	18	23
Accounts receivable, net	4	2	1	1	1
Inventory	8	6	6	6	10
Prepaid expenses and other current assets	2	2	1	3	5
Total current assets	19	18	16	28	48
Property and equipment, net	41,203	58,447	122,595	150,289	5
Intangible assets, net	75,000	896,123	1	1	—
Related party license agreements	132,100	132,100	132,100	132,100	—
Right-of-use assets	128,877	205,703	354,732	133,922	2
Total assets	19	19	18	30	66
Accounts payable	3	2	2	—	—
Accrued expenses	4	4	3	6	3
Related party liabilities	46,500	34,947	2,688	16,500	—
Lease liabilities, current portion	109,145	105,966	138,800	59,845	0
Total current liabilities	8	6	4	7	4
Lease liabilities	46,730	140,464	243,836	76,076	0
Total liabilities	8	6	5	8	4
Common stock, $0.001 par value, 100,000,000 shares authorized at December 31, 2025 and December 31, 2024; 11,071,096 and 10,694,765 issued and outstanding at December 31, 2025, respectively; and 10,668,705 and 10,292,374 issued and outstanding at December 31, 2024, respectively.	10,695	10,292	9,384	9,210	9,095
Additional paid-in capital	123	121	120	119	118
Accumulated deficit	−111	−108	−106	−96	−56
Total stockholders equity	11	13	13	23	62
Total liabilities and stockholders equity	19	19	18	30	66

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	253,719	270,271	306,176	1	—
Stock-based compensation	2	2	1	631,227	—
Provision for inventory obsolescence	699,403	599,902	1	3	—
Impairment of long-lived intangible assets	661,103	0	—	—	—
Other operating activities, net	87,545	132,597	38,098	169,914	—
Accounts receivable	−2	−719,445	306,117	−303,187	−383,998
Inventory	−3	−253,019	−2	2	−4
Prepaid expenses and other current assets	227,659	−267,463	1	2	−1
Operating lease liability	−105,966	−128,426	−126,434	−742,111	368,894
Accounts payable	956,819	497,867	570,094	191,499	−474,519
Accrued expenses	428,945	888,612	−4	2	1
Related party liabilities	11,553	26,979	—	—	—
Net cash from operating activities	−3	865,502	−11	−14	−22
Purchase of property and equipment	−76,455	−24,776	−144,023	−1	−2
Net cash from investing activities	−76,455	−24,776	690,307	9	−13
Common stock issuances, net of taxes	−352,251	−70,926	—	—	—
Common stock issuance costs	0	−57,475	0	0	−82,043
Stock option exercises	20,570	95,021	0	64,248	810,704
Net cash from financing activities	−331,681	−33,380	−27,422	102,267	576,247
Net change in cash and cash equivalents	−3	807,346	−10	−5	—
Cash paid for interest	6,660	16,027	13,994	8,338	0
Cash paid for income taxes	27,470	63,852	—	—	—
Prepaid expenses paid for with a short-term financing arrangement included in accrued expenses	113,936	165,543	—	—	—
Deferred common stock issuance costs included in accrued expenses	238,517	0	—	—	—
Taxes withheld to cover net issuances of incentive stock awards included in accrued expenses	33,700	0	—	—	—

Filings

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