# Laird Superfood, Inc. (LSF) · Edgar & Edgarette company card

> Laird Superfood (LSF) grew revenue 15.2% in FY2025 to $50 million, operating margin -6.8% against a 7.3% median for food and kindred products, equity 59.6% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1650696 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/LSF) · [JSON](https://www.pops4.com/boards/company/LSF.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $50M |
| Revenue growth, 1 year | 15.2% |
| Revenue growth per year | 7.9% |
| Operating margin | -6.8% (prior year -5.0%) |
| Net margin | -6.5% |
| Operating cash flow | −$3M |
| Capital spending | $76,455 |
| Free cash flow | −$3M |
| Cash | $5M |
| Long-term debt | — |
| Total assets | $19M |
| Total equity | $11M |
| Equity ÷ assets | 59.6% |
| Return on equity | -28.4% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -14.73 (distress zone)
- Piotroski F: 3 of 9 (middling)
- Beneish M: -1.97 (below the −1.78 line)
- Health Harbor boat: Old boat · three warning signs · operating cash flow was negative; operating loss: a margin of -6.8% in FY2025; revenue is hard to predict: its 80% range is ±50%
- Cash Compass: Fast, cash not yet · growing fast, but little cash arriving so far

## Edgarette's reading

Exposure: revenue $49.9M (FY2025). Experience: revenue up 15.2% on the year, up 7.9% a year over 4 years; operating margin -6.8%, down from -5.0%. Soundness: equity 59.6% of assets, return on equity -28.4%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $32.0M and $96.3M next year (method v4.1: its own 6-year record of growth weighed at 63% against under $50M filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $29.7M to $104.1M. A statistical range, not company guidance. Against peers (10 filers, $50M+ revenue, food and kindred products): operating margin -6.8% against a 7.3% median; growth 15.2% against 4.4%.

Range logged 2026-09-25, receipt 70ea21740a27ad45, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 7, latest 2026-09-08 ([filing](https://www.sec.gov/Archives/edgar/data/1650696/000143774926029721/0001437749-26-029721-index.htm))

## Recent filings

- 8-K · filed 2026-09-08 · 5.02 Departure or Election of Directors; Appointment of Officers; 8.01 Other Events · [filing](https://www.sec.gov/Archives/edgar/data/1650696/000143774926029721/0001437749-26-029721-index.htm)
- 8-K · filed 2026-08-19 · 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1650696/000143774926028554/0001437749-26-028554-index.htm)
- 10-Q · filed 2026-08-13 · [filing](https://www.sec.gov/Archives/edgar/data/1650696/000143774926027697/0001437749-26-027697-index.htm)
- 8-K · filed 2026-08-13 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1650696/000143774926027671/0001437749-26-027671-index.htm)
- 8-K · filed 2026-07-14 · 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1650696/000143774926023571/0001437749-26-023571-index.htm)
- 8-K · filed 2026-07-01 · 5.07 Submission of Matters to a Vote of Security Holders; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1650696/000143774926022317/0001437749-26-022317-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001650696.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1650696

## Cite

POPS4, Edgar & Edgarette: Laird Superfood, Inc. (LSF) company card, from the company's own SEC filings, accessed 2026-11-02, https://www.pops4.com/boards/company/LSF. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.