Quarterly ResultMay 14, 2026, 04:20 PM
Laird Superfood Q1 Net Sales $13.9M (+20%); Completes Acquisitions
AI Summary
Laird Superfood, Inc. reported Q1 2026 financial results, with net sales growing 20% year-over-year to $13.9 million, partly due to the Navitas Organics acquisition. While the company achieved a net income of $1.8 million, primarily from a tax benefit, gross margin and Adjusted EBITDA declined due to various cost pressures. The company also announced the completion of the Terrasoul Superfoods acquisition in April 2026, funded by a $60.0 million preferred stock investment, establishing a scaled, multi-brand superfood platform. For fiscal year 2026, Laird Superfood expects consolidated net sales between $138 million and $148 million and Adjusted EBITDA between $8 million and $12 million.
Key Highlights
- Net sales for Q1 2026 increased 20% year-over-year to $13.9 million, including $1.6 million from Navitas Organics.
- Gross margin was 33.3% in Q1 2026, down from 41.9% in the prior year, impacted by mix, inflation, and tariffs.
- Net income for Q1 2026 was $1.8 million ($0.12 per basic share), compared to a net loss of ($0.2) million in Q1 2025, driven by a discrete income tax benefit.
- Adjusted EBITDA was ($1.1) million in Q1 2026, down from $0.4 million in Q1 2025, due to inflationary costs and higher expenses.
- Laird Superfood completed the acquisition of Navitas Organics in March 2026 and Terrasoul Superfoods in April 2026 for $48.0 million.
- The company raised $60.0 million through a Series A Convertible Preferred Stock issuance to fund the Terrasoul acquisition and working capital.
- Cash, cash equivalents, and restricted cash totaled $10.5 million as of March 31, 2026, and $24.0 million as of April 30, 2026.
- For fiscal year 2026, consolidated Net sales are projected to be in the range of $138 million to $148 million.
- Adjusted EBITDA for fiscal year 2026 is expected to be in the range of $8 million to $12 million.