LWAY · Lifeway Foods, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $63.01M | - | $57.14M | $53.90M | $46.09M | - | $46.09M | $49.16M | $44.63M | - |
| Cost of Revenue | $45.66M | - | $40.73M | $38.50M | $35.06M | - | $34.23M | $35.88M | $33.10M | - |
| Gross Profit | $17.35M | - | $16.41M | $15.40M | $11.04M | - | $11.87M | $13.28M | $11.54M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $4.70M | - | $6.19M | $4.75M | $4.63M | - | $3.56M | $4.18M | $4.14M | - |
| Total Operating Expenses | $11.03M | - | $11.37M | $9.61M | $9.46M | - | $7.68M | $7.89M | $7.97M | - |
| D&A | $1.05M | - | - | - | $937.0K | - | - | - | $796.0K | - |
| Operating Income | $6.33M | - | $5.04M | $5.79M | $1.57M | - | $4.19M | $5.39M | $3.56M | - |
| Interest Expense | $68.0K | - | $21.0K | $21.0K | $51.0K | - | $4.0K | $47.0K | $51.0K | - |
| Income Tax | $1.58M | - | $1.56M | $1.66M | $1.43M | - | $1.35M | $1.58M | $1.08M | - |
| Net Income | $4.67M | - | $3.53M | $4.25M | $3.54M | - | $2.98M | $3.78M | $2.43M | - |
| EPS - Basic | $0.31 | - | $0.23 | $0.28 | $0.23 | - | $0.20 | $0.26 | $0.17 | - |
| EPS - Diluted | $0.30 | - | $0.23 | $0.28 | $0.23 | - | $0.19 | $0.25 | $0.16 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $5.60M | $5.57M | $22.99M | $21.22M | $19.45M | $16.73M | $20.56M | $14.63M | $12.03M | $13.20M |
| Accounts Receivable | $22.98M | $16.64M | $17.42M | $16.07M | $16.68M | $15.42M | $13.49M | $14.53M | $15.06M | $13.88M |
| Inventory | $11.45M | $11.89M | $11.06M | $10.22M | $9.24M | $8.68M | $8.44M | $8.45M | $8.13M | $9.10M |
| Accounts Payable | $13.85M | $11.01M | $17.50M | $11.88M | $11.63M | $10.40M | $11.12M | $9.37M | $10.02M | $9.98M |
| Current Assets | $42.67M | $37.06M | $53.81M | $49.33M | $47.38M | $43.60M | $44.77M | $39.28M | $37.59M | $38.20M |
| Total Assets | $120.50M | $105.61M | $109.53M | $98.27M | $93.67M | $90.55M | $91.31M | $84.94M | $82.75M | $81.65M |
| Current Liabilities | $19.95M | $16.64M | $23.41M | $16.29M | $16.37M | $15.50M | $16.71M | $13.86M | $14.88M | $16.62M |
| Long-term Debt | - | - | - | - | - | - | - | - | $2.50M | $2.75M |
| Total Liabilities | $30.18M | $19.79M | $26.76M | $19.57M | $19.50M | $18.64M | $19.79M | $16.95M | $19.22M | $21.22M |
| Stockholders' Equity | $90.32M | $85.82M | $82.76M | $78.70M | $74.17M | $71.91M | $71.52M | $68.00M | $63.53M | $60.44M |
| Retained Earnings | $93.36M | $88.68M | $86.14M | $82.61M | $78.36M | $74.82M | $74.98M | $72.01M | $68.22M | $65.80M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $4.38M | - | - | - | ($150.0K) | - | - | - | $1.55M | - |
| Investing Cash Flow | ($11.04M) | - | - | - | $2.93M | - | - | - | ($2.47M) | - |
| Financing Cash Flow | $6.70M | - | - | - | ($65.0K) | - | - | - | ($250.0K) | - |
| CapEx | $11.04M | - | $1.33M | - | $2.22M | - | - | - | $2.47M | - |
| Free Cash Flow | ($6.66M) | - | - | - | ($2.37M) | - | - | - | ($923.0K) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 27.5% | - | 28.7% | 28.6% | 23.9% | - | 25.7% | 27.0% | 25.8% | - |
| Operating margin | 10.0% | - | 8.8% | 10.8% | 3.4% | - | 9.1% | 11.0% | 8.0% | - |
| EBITDA margin | 11.7% | - | - | - | 5.4% | - | - | - | 9.8% | - |
| Net margin | 7.4% | - | 6.2% | 7.9% | 7.7% | - | 6.5% | 7.7% | 5.4% | - |
| Free cash flow margin | -10.6% | - | - | - | -5.1% | - | - | - | -2.1% | - |
| FCF / Net income | -1.43 | - | - | - | -0.67 | - | - | - | -0.38 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 7.5% | - | 10.8% | 8.8% | 10.0% | - | 7.7% | 8.5% | 9.3% | - |
| Effective tax rate | 25.3% | - | 30.7% | 28.1% | 28.7% | - | 31.2% | 29.4% | 30.8% | - |
| Return on assets | 3.9% | - | 3.2% | 4.3% | 3.8% | - | 3.3% | 4.5% | 2.9% | - |
| Return on equity | 5.2% | - | 4.3% | 5.4% | 4.8% | - | 4.2% | 5.6% | 3.8% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | 3.7% | - |
| Liquidity | ||||||||||
| Current ratio | 2.14 | 2.23 | 2.30 | 3.03 | 2.89 | 2.81 | 2.68 | 2.83 | 2.53 | 2.30 |
| Quick ratio | 1.56 | 1.51 | 1.83 | 2.40 | 2.33 | 2.25 | 2.17 | 2.22 | 1.98 | 1.75 |
| Cash ratio | 0.28 | 0.33 | 0.98 | 1.30 | 1.19 | 1.08 | 1.23 | 1.06 | 0.81 | 0.79 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | 0.04 | 0.05 |
| Debt / Assets | - | - | - | - | - | - | - | - | 0.03 | 0.03 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | 0.57 | - |
| Interest coverage | 93.0x | - | 240.0x | 276.0x | 30.9x | - | 1047.3x | 114.6x | 69.9x | - |
| Equity multiplier | 1.33 | 1.23 | 1.32 | 1.25 | 1.26 | 1.26 | 1.28 | 1.25 | 1.30 | 1.35 |
| Liabilities / Assets | 0.25 | 0.19 | 0.24 | 0.20 | 0.21 | 0.21 | 0.22 | 0.20 | 0.23 | 0.26 |
| Efficiency | ||||||||||
| Asset turnover | 0.52 | - | 0.52 | 0.55 | 0.49 | - | 0.50 | 0.58 | 0.54 | - |
| Inventory turnover | 3.99 | - | 3.68 | 3.77 | 3.79 | - | 4.05 | 4.24 | 4.07 | - |
| Days sales outstanding | 133d | - | 111d | 109d | 132d | - | 107d | 108d | 123d | - |
| Days inventory outstanding | 92d | - | 99d | 97d | 96d | - | 90d | 86d | 90d | - |
| Days payable outstanding | 111d | - | 157d | 113d | 121d | - | 119d | 95d | 111d | - |
| Cash conversion cycle | 114d | - | 54d | 93d | 107d | - | 78d | 99d | 102d | - |
| Valuation | ||||||||||
| P / E | 64.5x | - | 120.7x | 88.0x | 106.3x | - | 136.4x | 51.1x | 107.6x | - |
| P / B | 3.3x | - | 5.2x | 4.8x | 5.1x | - | 5.5x | 2.9x | 4.1x | - |
| P / S | 4.8x | - | 7.5x | 7.0x | 8.1x | - | 8.6x | 3.9x | 5.9x | - |
| EV / EBITDA | 40.0x | - | - | - | 141.6x | - | - | - | 57.9x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 36.7% | - | 24.0% | 9.7% | 3.3% | - | 12.7% | 25.3% | 17.8% | - |
| Revenue CAGR (3y) | 18.5% | - | 14.4% | 17.2% | 10.6% | - | 16.0% | 19.0% | 15.0% | - |
| Revenue CAGR (5y) | 16.5% | - | 17.0% | 16.6% | 12.7% | - | 15.2% | 16.3% | 12.6% | - |
| Gross profit growth (YoY) | 57.2% | - | 38.3% | 16.0% | -4.3% | - | 6.5% | 17.7% | 40.2% | - |
| Operating income growth (YoY) | 301.8% | - | 20.3% | 7.6% | -55.8% | - | -16.9% | 13.0% | 148.0% | - |
| Net income growth (YoY) | 32.0% | - | 18.6% | 12.3% | 45.9% | - | -12.8% | 19.9% | 192.3% | - |
| EPS growth (YoY) | 30.4% | - | 21.1% | 12.0% | 43.8% | - | -17.4% | 19.0% | 166.7% | - |
| EPS CAGR (3y) | 71.0% | - | 56.5% | 203.7% | - | - | 85.0% | 35.7% | 26.0% | - |
| EPS CAGR (5y) | 30.3% | - | 13.9% | 36.1% | 87.2% | - | - | - | - | - |
| FCF growth (YoY) | -181.3% | - | - | - | -156.7% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 21.8% | 19.3% | 15.7% | 15.7% | 16.7% | 19.0% | 27.8% | 30.3% | 30.3% | 27.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$424.99M totalNet Sales$212.50M · 50.0%
Drinkable Kefirotherthan Pro Bugs$181.42M · 42.7%
Cheese$16.57M · 3.9%
Cream And Other$8.69M · 2.0%
Drinkable Yogurt$2.28M · 0.5%
Pro Bugs Kefir$2.21M · 0.5%
Other Dairy$1.31M · 0.3%
Peer comparison
Same SIC group: Dairy Products
| Company | Revenue (last FY) | Net margin | ROE |
|---|---|---|---|
| TDNT | $224.7K | -1373.5% | 9.9% |
Comparing Lifeway Foods against the 1 most active filer in the same SIC group.
Dividends
$0.00/share trailing 12 months
| Ex-date | Per share |
|---|---|
| May 29, 2013 | $0.0800 |
| May 25, 2012 | $0.0700 |