Lifeway Foods, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $212.5M | $186.8M | $160.1M | $141.6M | $119.1M |
| Cost of revenue | $154.3M | $138.2M | $117.7M | $114.8M | $90.4M |
| Gross profit | $58.2M | $48.6M | $42.4M | $26.8M | $28.7M |
| Operating expenses | $42.0M | $34.7M | $25.4M | $24.4M | $22.8M |
| Operating income | $16.2M | $13.9M | $17.0M | $2.3M | $5.9M |
| Interest expense | $77,000 | $105,000 | $384,000 | $267,000 | $116,000 |
| Pretax income | $19.7M | $14.0M | $16.6M | $1.8M | $5.6M |
| Income tax expense | $5.8M | $4.9M | $5.3M | $917,000 | $2.3M |
| Net income | $13.9M | $9.0M | $11.4M | $924,000 | $3.3M |
| Balance Sheet | |||||
| Cash and equivalents | $5.6M | $16.7M | $13.2M | $4.4M | $9.2M |
| Current assets | $37.1M | $43.6M | $38.2M | $27.0M | $29.0M |
| Total assets | $105.6M | $90.5M | $81.7M | $69.0M | $70.9M |
| Current liabilities | $16.6M | $15.5M | $16.6M | $13.0M | $12.1M |
| Total liabilities | $19.8M | $18.6M | $21.2M | $21.4M | $21.7M |
| Stockholders' equity | $85.8M | $71.9M | $60.4M | $47.6M | $49.1M |
| Cash Flow Statement | |||||
| Cash from operations | $10.9M | $13.0M | $16.9M | $4.0M | $5.6M |
| Depreciation and amortization | $4.0M | $3.4M | $3.2M | $3.0M | $2.9M |
| Stock-based compensation | $1.9M | $2.4M | $1.5M | $1.1M | $1.1M |
| Capital expenditure | $27.4M | $6.7M | $4.4M | $3.4M | $1.9M |
| Free cash flow | -$16.4M | $6.3M | $12.6M | $538,000 | $3.6M |
| Share repurchases | — | — | $0 | $4.0M | $1.6M |
| Impairments | $0 | $0 | $0 | $0 | — |
Shares outstanding 15.3M
Annual filing data through FY ended December 31, 2025; float as of July 11, 2026.