| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 41.29 | 196.2% | 244.4% |
| Total Income | 41.29 | 196.2% | 244.4% |
| Expenditure | 43.16 | 154.5% | 248.3% |
| PBT | -1.81 | 39.1% | 417.1% |
| Net Profit | -1.81 | 203.4% | 402.8% |
| OPM | -4.51% | 17.16pp | 1.18pp |
| NPM | -4.37% | 16.93pp | 1.35pp |
| EPS | -0.25 | 308.3% | 733.3% |
Laird Superfood Reports Q2 2026 Results: Revenue Increases 244% to $41.3 Million
14 Aug 2026 · 14 Aug, 1:49 am
Summary
Laird Superfood, Inc. reported a significant increase in second quarter 2026 revenue, up 244% year-over-year to $41.3 million, largely driven by the contributions of the Navitas and Terrasoul acquisitions and expanded distribution. While gross profit rose 162% to $12.5 million, the gross margin compressed to 30.3% due to unfavorable mix and commodity costs. The company reported a net loss of $1.8 million, an increase from the prior year's loss of $0.4 million, attributed to acquisition and integration expenses. However, Adjusted EBITDA showed substantial improvement, reaching $3.0 million compared to $0.1 million in the prior year. Management expressed confidence in sustained, profitable growth and long-term shareholder value, reaffirming full-year 2026 guidance for Net sales between $138 to $148 million and Adjusted EBITDA between $8 to $12 million.
Key Highlights
- 1
Second quarter revenue increased by 244% to $41.3 million compared to $12.0 million in the corresponding prior year period, primarily due to distribution expansion and acquisitions.
- 2
E-commerce sales increased by 221% year-over-year, contributing 49% of total Net sales, driven by acquisitions and strong Amazon sales.
- 3
Wholesale sales increased by 269% year-over-year, contributing 51% of total Net sales, driven by acquisitions.
- 4
Gross profit increased 162% to $12.5 million, or 30.3% of net sales, compared to $4.8 million, or 39.9% of net sales in the prior year period, with margin compression attributed to mix, commodity costs, and brand margins.
- 5
Net loss was ($1.8) million, or ($0.25) per basic and diluted share, compared to a net loss of ($0.4) million, or ($0.03) per basic and diluted share, in the prior year period, primarily due to acquisition and integration costs.
- 6
Adjusted EBITDA was $3.0 million, compared to $0.1 million in the corresponding prior year period, driven by acquisitions and synergy realization.
- 7
Cash increased to $23.2 million as of June 30, 2026, up from $5.3 million as of December 31, 2025, primarily due to preferred stock issuance.
Management Comments
Jason Vieth
Q2 was another transformational quarter for Laird Superfood as we closed the acquisition of Terrasoul Superfoods and completed the integration of Navitas into the Company’s processes, organization and ERP system. During the second quarter, we successfully launched Laird’s coffees and coffee creamers at approximately 1,000 Wal-Marts nationwide and expanded our assortment of Navitas products at retailers including Target. These wins are the direct result of our continued investment in product innovation, our robust supply chain and our deepening partnerships with the largest retailers in the country. We're also building real momentum on Amazon.com and other online marketplaces across all three of our brands. As we look to the second half of the year, we will continue to build on our sales momentum and unlocking synergies across our platforms, which gives us confidence in our ability to deliver sustained, profitable growth and long-term value for our shareholders.
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