Laird Superfood (LSF) Company Report

Laird Superfood, Inc. reported Net Sales of $12.9 million for the third quarter of 2025, marking a 10% increase compared to the prior year period.
For Q3 2025, the company achieved a Gross Margin of 36.5% and a positive Adjusted EBITDA of $0.2 million, or $0.01 per diluted share.
Year-to-date Net Sales for 2025 reached $36.5 million, an increase of 15% over the corresponding prior year period, with cash, cash equivalents, and restricted cash totaling $5.3 million as of September 30, 2025.
Management projects full-year 2025 Net Sales growth of approximately 15% and expects to achieve breakeven Adjusted EBITDA for the full year.

Nov 10, 2025, 9:43 PM

Laird Superfood Reports Third Quarter 2025 Financial Results

LSF

Earnings

Guidance Update

Demand Weakening

Laird Superfood reported Net Sales of $12.9 million for the third quarter ended September 30, 2025, marking a 10% increase compared to the corresponding prior year period.
The company's Gross Margin was 36.5% in Q3 2025, compared to 43.0% in the prior year period.
Laird Superfood posted a Net Loss of $1.0 million, or $0.09 per diluted share, and Adjusted EBITDA of $0.2 million, or $0.01 per diluted share, for the third quarter of 2025.
For the full year 2025, management expects Net Sales growth of approximately 15%, a Gross Margin in the upper 30% range, and anticipates achieving breakeven Adjusted EBITDA.

Nov 10, 2025, 9:05 PM

BranchOut Food Reports Record Q3 Results and Operational Milestones

LSF

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

BranchOut Food reported Q3 revenue of approximately $3.2 million, bringing year-to-date revenue to $9.7 million, a 93% increase year-over-year.
The company achieved a record production month in September, producing over 38,500 kg of finished product, establishing a $16 million annualized run rate and reaching its estimated breakeven production level.
Current notes payable were significantly reduced by over 92%, from $6.39 million to approximately $0.5 million, after completing its At-The-Market (ATM) equity program.
BranchOut Food is expanding production capacity with the commitment to purchase an additional EnWave REV™ 120kW machine to meet anticipated 2026 demand.

Oct 21, 2025, 10:30 AM

Laird Superfood Inc Reports Q1 2025 Earnings Results

LSF

Earnings

Revenue Acceleration/Inflection

Guidance Update

Net sales increased by 18% to $11.7 million in Q1 2025, marking the fifth consecutive quarter of double‐digit growth and demonstrating strong sales performance despite an inflationary environment.
Gross margins improved to 41.9%, benefiting from operational efficiencies and a timing change in freight capitalization, while adjusted EBITDA turned positive at $0.4 million compared to a loss previously.
The company resolved prior out-of-stock issues and achieved near-equal balance between wholesale (accounting for approximately 47% of net sales) and e-commerce channels, with full-year guidance projecting net sales of $52–$54 million and maintaining gross margins in the upper 30s.

May 7, 2025, 9:01 PM

LSF Announces Auditor Change Effective Immediately

LSF

Auditor Change

Laird Superfood, Inc. dismissed its previous independent auditor, Moss Adams LLP, effective immediately as approved by the Board on March 10, 2025.
The company engaged KPMG LLP as its new auditor for the fiscal year ending December 31, 2025, pending standard client acceptance procedures.

Mar 14, 2025, 12:00 AM