olivLaw · US equity research
Laird Superfood, Inc. LSF
Food and Kindred Products · SIC 2000 · Vertical: Food and Kindred Products (SIC 2000)
Laird Superfood is a multi-brand superfoods platform selling coffee, creamers, functional foods and ingredients through e-commerce and wholesale channels. It expanded through acquisitions in 2026, and second-quarter net sales rose to $41.3 million, which changes the company's profile.
At the close of 04 Nov 2026, Laird Superfood, Inc. (LSF) stock was 2.40 USD (−4.76% on the day), with market capitalisation 26.9 m USD, beta 1.21, 52-week range 2.02–5.02 USD. Latest reported quarter (Q2 2026): revenue of 41.3 m USD (+244.4% YoY), net income of -1.8 m USD, diluted EPS -0.25 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 31.2
- weak (30–45)
- Bollinger (20, 2)
- 2.36 – 3.10
- in the lower half of the band · %B 0.06 · band width 27.1%
- SMA 50 / 200
- 3.33 / 3.37
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.23 / -0.24
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −23.8% | −1.1% | −22.7 pp | — |
| 3 months | −42.0% | −0.5% | −41.6 pp | — |
| 6 months | −19.5% | +4.4% | −23.9 pp | — |
| Year to date | +8.1% | +12.3% | −4.2 pp | — |
| 1 year | −46.5% | +13.5% | −60.1 pp | −45.6% |
| 3 years | +195.2% | +76.4% | +118.8 pp | −72.2% |
| 5 years | −87.4% | +63.7% | −151.0 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 11.8 m | 11.6 m | 11.7 m | 12.0 m | 12.9 m | 13.3 m | 13.9 m | 41.3 m |
| Cost of revenue | 6.7 m | 7.1 m | 6.8 m | 7.2 m | 8.2 m | 8.8 m | 9.3 m | 28.8 m |
| Gross profit | 5.1 m | 4.5 m | 4.9 m | 4.8 m | 4.7 m | 4.5 m | 4.6 m | 12.5 m |
| Operating income | -268.6 k | -477.3 k | -218.0 k | -399.5 k | -995.6 k | -1.8 m | -3.0 m | -1.9 m |
| Depreciation & amortisation | 65.8 k | 65.9 k | 66.5 k | 59.4 k | 60.1 k | 67.7 k | 171.7 k | 1.1 m ≈ |
| Pre-tax income | -160.7 k | -386.0 k | -143.6 k | -353.9 k | -967.9 k | -1.8 m | -3.0 m | -1.8 m |
| Income tax | 5.4 k | 12.4 k | 12.6 k | 8.3 k | 7.1 k | -7.3 k | -4.7 m | -2.3 k |
| Net income | -166.1 k | -398.4 k | -156.2 k | -362.2 k | -975.1 k | -1.8 m | 1.8 m | -1.8 m |
| Diluted EPS | -0.02 | — | -0.02 | -0.03 | -0.09 | — | 0.11 | -0.25 |
| Operating cash flow | 305.8 k ≈ | 339.2 k | -1.3 m | -2.8 m ≈ | 1.2 m ≈ | 68.4 k | -3.8 m | 1.5 m ≈ |
| Capex | — | — | 72.2 k | 8.4 k ≈ | — | — | 3.9 k | 42.2 k ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | 13.1 m | 25.8 m | 36.8 m | 35.8 m | 34.2 m | 43.3 m | 49.9 m |
| Revenue YoY | unavailable | +96.8% | +42.8% | −2.7% | −4.5% | +26.5% | +15.2% |
| Net income | -8.5 m | -12.9 m | -23.9 m | -40.3 m | -10.2 m | -1.8 m | -3.3 m |
| Net income YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| Diluted EPS | -0.29 | -2.61 | -2.66 | -4.41 | -1.09 | -0.18 | -0.31 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| net % | -64.9% | -49.8% | -64.8% | -112.6% | -29.7% | -4.2% | -6.5% |
| Free cash flow | -11.9 m | -15.7 m | -23.7 m | -15.5 m | -10.9 m | 840.7 k | -2.9 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 5.1 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 11.5 m USD
- Total assets
- 19.2 m USD
- Debt / equity
- unavailable
- Current ratio
- 2.44x
- ROE
- -26.4%
- ROA
- -16.9%
- FCF margin
- -5.7%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 25.8 m | 36.8 m | 35.8 m | 34.2 m | 43.3 m | 49.9 m | SEC (XBRL)· 30 Mar 2026verified |
| Cost of revenue | 19.2 m | 27.4 m | 30.6 m | 23.9 m | 25.6 m | 31.0 m | SEC (XBRL)· 30 Mar 2026verified |
| Gross profit | 6.6 m | 9.4 m | 5.2 m | 10.3 m | 17.7 m | 18.9 m | SEC (XBRL)· 30 Mar 2026verified |
| Research & development | 508.2 k | 1.0 m | 427.5 k | 219.7 k | 114.1 k | 329.8 k | SEC (XBRL)· 30 Mar 2026verified |
| Operating income | -12.9 m | -24.0 m | -40.4 m | -10.7 m | -2.2 m | -3.4 m | SEC (XBRL)· 30 Mar 2026verified |
| Depreciation & amortisation | — | 981.6 k | 1.1 m | 306.2 k | 270.3 k | 253.7 k | SEC (XBRL)· 30 Mar 2026verified |
| EBITDA | — | -23.0 m ≈ | -39.2 m ≈ | -10.4 m ≈ | -1.9 m ≈ | -3.2 m ≈ | SEC (XBRL)· 30 Mar 2026derived |
| Interest expense | 0 | — | — | — | — | — | SEC (XBRL)· 16 Mar 2021verified |
| Pre-tax income | -12.9 m | -23.9 m | -40.3 m | -10.1 m | -1.8 m | -3.2 m | SEC (XBRL)· 30 Mar 2026verified |
| Income tax | 0 | 17.8 k | 20.3 k | 15.2 k | 60.3 k | 20.7 k | SEC (XBRL)· 30 Mar 2026verified |
| Net income | -12.9 m | -23.9 m | -40.3 m | -10.2 m | -1.8 m | -3.3 m | SEC (XBRL)· 30 Mar 2026verified |
| Diluted EPS | -2.61 | -2.66 | -4.41 | -1.09 | -0.18 | -0.31 | SEC (XBRL)· 30 Mar 2026verified |
| Weighted average diluted shares | 5.5 m | 9.0 m | 9.1 m | — | — | — | SEC (XBRL)· 16 Mar 2023verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 57.0 m | 22.9 m | 17.3 m | 7.6 m | 8.3 m | 5.1 m | SEC (XBRL)· 30 Mar 2026verified |
| Receivables | 839.7 k | 1.3 m | 1.5 m | 1.0 m | 1.8 m | 3.9 m | SEC (XBRL)· 30 Mar 2026verified |
| Inventories | 6.3 m | 10.2 m | 5.7 m | 6.3 m | 6.0 m | 7.8 m | SEC (XBRL)· 30 Mar 2026verified |
| Current assets | 76.0 m | 47.7 m | 27.5 m | 16.3 m | 18.0 m | 18.8 m | SEC (XBRL)· 30 Mar 2026verified |
| Property, plant & equipment, net | 3.5 m | 4.5 m | 150.3 k | 122.6 k | 58.4 k | 41.2 k | SEC (XBRL)· 30 Mar 2026verified |
| Goodwill | 0 | 6.5 m | 0 | 0 | — | 0 | SEC (XBRL)· 14 May 2026verified |
| Intangibles (excl. goodwill) | 137.1 k | 4.8 m | 1.4 m | 1.2 m | 1.0 m | 207.1 k | SEC (XBRL)· 30 Mar 2026verified |
| Total assets | 82.3 m | 65.8 m | 30.0 m | 18.0 m | 19.3 m | 19.2 m | SEC (XBRL)· 30 Mar 2026verified |
| Accounts payable | 1.3 m | 888.8 k | 1.1 m | 1.6 m | 3.6 m | 46.5 k | SEC (XBRL)· 14 May 2026verified |
| Long-term debt | 51.0 k | — | — | — | — | — | SEC (XBRL)· 16 Mar 2021verified |
| Current liabilities | 2.7 m | 3.8 m | 7.5 m | 4.4 m | 5.9 m | 7.7 m | SEC (XBRL)· 30 Mar 2026verified |
| Total liabilities | 2.8 m | 3.8 m | 7.5 m | 4.6 m | 6.1 m | 7.8 m | SEC (XBRL)· 30 Mar 2026verified |
| Equity | 79.5 m † | 62.1 m † | 22.5 m † | 13.4 m † | 13.2 m † | 11.5 m † | SEC (XBRL)· 30 Mar 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -14.7 m | -22.1 m | -14.3 m | -10.8 m | 865.5 k | -2.8 m | SEC (XBRL)· 30 Mar 2026verified |
| Capex | 1.1 m | 1.6 m | 1.2 m | 144.0 k | 24.8 k | 76.5 k | SEC (XBRL)· 30 Mar 2026verified |
| Free cash flow | -15.7 m ≈ | -23.7 m ≈ | -15.5 m ≈ | -10.9 m ≈ | 840.7 k ≈ | -2.9 m ≈ | SEC (XBRL)· 30 Mar 2026derived |
| Investing cash flow | -4.3 m | -12.6 m | 9.0 m | 690.3 k | -24.8 k | -76.5 k | SEC (XBRL)· 30 Mar 2026verified |
| Financing cash flow | 75.2 m | 576.2 k | 102.3 k | -27.4 k | -33.4 k | -331.7 k | SEC (XBRL)· 30 Mar 2026verified |
| Share repurchases | 20.5 k | 0 | — | — | — | — | SEC (XBRL)· 08 Mar 2022verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 4 of at least 6
- score weight coverage: 27.1% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 26.9 m USD
Key indicators
Coverage and freshness
Score by group
27% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · the reported interest expense is far older than the latest period (the filer changed its XBRL tag): a stale figure is not used
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 4 of at least 6; score weight coverage: 27.1% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | -3.4% | 53 (vs peers) | 23% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | 11.7% | 97 (on a fixed band) | 31% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 3.0x | 100 (on a fixed band) | 15% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | -4.1% | 0 (on a fixed band) | 31% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial100/100 · 1/3 factors with a value
- Growth· partial97/100 · 1/2 factors with a value
- Quality· partial53/100 · 1/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partial0/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Laird Superfood, Inc. (LSF). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 49.9 m USD in 2025; YoY growth 15.2%; net margin -3.4%; ROE -22.9%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 4 of at least 6; score weight coverage: 27.1% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Revenue CAGR 3Y: 11.7%
- Current ratio: 3.0x
What contradicts it
- FCF yield: -4.1%
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, P/E (TTM), EV/EBITDA, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Food and Kindred Products (SIC 2000) · same industry (4-digit SIC) · compared with 20 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| MDLZMondelez International, Inc. | 85.3 bn | 21.2 | 15.5% | 10.2% | +5.8% | +17% / −5% |
| CAGConagra Brands, Inc. | 7.3 bn | — | -24.9% | -17.0% | −2.9% | −14% / −46% |
| CPBThe Campbell’s Company | 6.9 bn | 17.8 | 10.4% | 4.1% | −5.0% | −24% / −42% |
| OTLYOatly Group AB | 5.1 bn | — | -247.9% | -17.7% | +4.7% | −34% / −55% |
| BYNDBeyond Meat, Inc. | 3.7 bn | — | — | 111.7% | −15.6% | −76% / −97% |
| STKHSteakholder Foods Ltd. | 2.3 bn | — | -266.3% | -112,470.0% | unavailable | −95% / −100% |
| FLOFlowers Foods Inc | 1.5 bn | 27.3 | 4.0% | 1.1% | unavailable | −34% / −66% |
| BRBRBellRing Brands, Inc. | 1.2 bn | 7.2 | — | 7.3% | +16.1% | −67% / −81% |
| SMPLThe Simply Good Foods Company | 1.2 bn | — | -9.6% | -11.5% | −6.5% | −32% / −66% |
| VITLVital Farms, Inc. | 450.8 m | — | -7.4% | -3.0% | +25.3% | −68% / −21% |
| UCFICN Healthy Food Tech Group Corp. | 287.8 m | 36.7 | 39.2% | 24.6% | +144.6% | −46% / unavailable |
| BGSB&G Foods, Inc. | 208.9 m | — | -15.8% | -4.0% | unavailable | −44% / −72% |
| CHSNChanson International Holding | 131.0 m | 112.0 | 0.5% | 1.0% | +0.2% | −99% / −100% |
| SOWGSow Good Inc. | 44.4 m | — | -346.4% | — | unavailable | −75% / −98% |
| MLECMoolec Science SA | 32.7 m | — | -86.4% | -130.0% | +521.5% | −86% / −100% |
| LSFLaird Superfood, Inc. | 26.9 m | — | -22.9% | -3.4% | +15.2% | −47% / +195% |
| BOFBranchOut Food Inc. | 25.9 m | — | -202.6% | -56.8% | +113.3% | −45% / +8% |
| BRLSBorealis Foods Inc. | 24.7 m | — | — | -56.5% | +8.2% | −38% / −90% |
| HAINThe Hain Celestial Group, Inc. | 13.7 m | — | -96.8% | -22.5% | −13.2% | −86% / −99% |
| NOMDNomad Foods Limited | — | — | 5.3% | 4.5% | −2.2% | +2% / −22% |
| DDCDDC Enterprise Limited | — | — | -124.4% | -123.3% | +4.6% | −96% / −100% |
1- and 3-year price returns: for LSF from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Laird Superfood is a multi-brand superfoods platform selling coffee, creamers, functional foods and ingredients through e-commerce and wholesale channels. It expanded through acquisitions in 2026, and second-quarter net sales rose to $41.3 million 3, which changes the company's profile.
SWOT
Strengths
- A portfolio of recognized brands with clean, functional products supports customer loyalty and a high share of repeat orders in e-commerce.
- Omnichannel distribution combining direct sales, traditional retail, clubs and Amazon reduces dependence on a single channel.
- Sales growth after the acquisitions and a stronger cash position following the latest preferred stock issuance.
Weaknesses
- A history of net losses and unstable operating cash flow leaves profitability uncertain.
- Gross margin fell recently because of channel mix, raw material costs and the lower margins of the Terrasoul brand.
- Reliance on third parties for production and logistics means performance depends on the quality and cost of partners.
Opportunities
- Integrating Navitas and Terrasoul could produce purchasing, distribution and cross-selling synergies across brands.
- Expansion into large retailers and out-of-home venues could increase wholesale volume.
- Functional and natural food markets are growing, and new launches such as the protein coffee could attract younger consumers.
Threats
- Strong competition from large food makers and specialist brands could pressure prices and margins.
- Tariffs and raw material inflation could keep reducing profitability.
- Nexus's significant control could mean its interests diverge from those of minority shareholders.
Risks
- Integration and synergieshigh
Integrating the two acquisitions could prove more costly or slower than expected, and the promised synergies may not fully materialize.
- Gross margin under pressurehigh
Channel mix, raw material costs and the Terrasoul brand have reduced gross margin, and the pressure could continue.
- Nexus controlmedium
Nexus holds a major share of votes, which could influence strategic and financial decisions to the detriment of other shareholders.
- Reliance on third partiesmedium
Production and logistics are outsourced, and delays or higher costs at partners could affect deliveries.
- Loss historymedium
The company has not consistently generated positive cash flow, and long-term profitability is not assured.
Investment thesis
What would need to be true (bull case)
- If the acquisitions are integrated as planned, sales could keep growing and synergies could improve profitability.
- Wider distribution in large retail and on Amazon could support volumes, and a broader portfolio may reduce dependence on one category.
- Stronger cash after the Nexus investment and the reaffirmed 2026 guidance could give the company more time to execute.
What would break the thesis
- If gross margins stay under pressure, profitability could remain low even as sales grow.
- Integration proving harder than expected could reduce synergies and put pressure on the adjusted EBITDA guidance.
- Nexus's majority control could lead to decisions that do not match the interests of minority shareholders.
What to watch
- Trend in gross margin and the effect of channel mixQ3 2026
- Delivery against 2026 net sales and adjusted EBITDA guidance2026
- Progress of the Terrasoul integration and Navitas synergiesnext 10-K
- Cash level and any new financing needsQ3 2026
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Laird Superfood develops and markets food and beverage products with natural and functional ingredients, including coffee creamers, coffee, tea, hot chocolate, hydration drinks and snacks. The company sells through two channels: e-commerce, including lairdsuperfood.com and Amazon, and wholesale, through grocery chains, club stores and natural food outlets. In fiscal 2025, net sales were $49.9 million 1, with the two channels nearly evenly split. After the Navitas acquisition it added healthy baking products, wellness staples and functional snacks.
Acquisitions in 2026 reshaped the company. Navitas was acquired in March 2026 for cash, and Terrasoul was acquired in the second quarter for $50.4 million 2 in cash plus contingent consideration. Funding came partly from a $50.0 million 2 investment by an affiliate of Nexus in Series A preferred stock.
In 2025 the company decided to discontinue the Picky Bars brand in the second quarter of 2026 to focus resources on the Laird Superfood brand. The company now has three brands: Laird Superfood, Navitas Organics and Terrasoul Superfoods.
Segments
Coffee solutions
The coffee and creamer segment accounted for 31% of gross sales in the second quarter of 2026 3 and includes coffee, creamers and instant beverages.
Functional foods
Functional foods, including snacks, baking products and wellness staples, made up 33% of gross sales in the second quarter of 2026, supported by recent acquisitions.
Superfood ingredients
Superfood ingredients, brought mainly through the Navitas and Terrasoul acquisitions, made up 49% of gross sales in the second quarter of 2026, the largest contribution in the period.
Market context
The instant beverage and hydration powder markets have strong competitors, and the fragmentation of the mushroom supplement market means differentiation depends on brand and distribution. Growth of natural categories in conventional stores is a factor that could support the company's expansion.
Trends
- Consumers prefer cleaner productstailwind
Consumer preferences are moving away from processed, sugar-laden foods toward products with recognizable ingredients, which supports the positioning of the company's brands.
- Raw material costs and tariffsheadwind
Inflation in raw material costs and tariffs reduced gross margin in 2025 and the first half of 2026, and this pressure could continue if costs remain high.
- Expansion in mainstream retailmixed
Wider distribution in large grocery and club chains could increase the share of wholesale, but it may create quarter-to-quarter variability from large orders.
- Integration of acquisitionsmixed
Integrating Navitas and Terrasoul can generate synergies but also costs and management distraction, which could affect results if synergies are delayed.
Competitive position
The company competes with conventional creamer and sugar-based beverage brands, as well as specialist supplement and hydration brands. The cited documents name Danone, TreeHouse Foods, Nestle and Dean Foods in creamers, and Liquid I.V and LMNT in electrolyte mixes.
The company's advantages include recognized brands, omnichannel distribution and a broader portfolio after acquisitions. However, fragmentation in supplement and coconut water markets keeps competition intense, and differentiation depends on ingredient quality and channel execution.
- Danone SA
Named in source 1 among US creamer producers; ticker not confirmed, so none given.
- TreeHouse Foods Inc.
Named in source 1 among US creamer producers; ticker not confirmed, so none given.
- Nestle SA
Named in source 1 among US creamer producers; ticker not confirmed, so none given.
- Liquid I.V and LMNT
Competitors named in source 1 in the US powdered electrolyte mix market; no tickers given.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report08 Sept 2026Departure or appointment of officers · Other events
- Current report19 Aug 2026Departure or appointment of officers · Financial statements and exhibits
- Quarterly report13 Aug 2026
- Current report13 Aug 2026Results of operations · Financial statements and exhibits
- Current report14 Jul 2026Departure or appointment of officers · Financial statements and exhibits
- Current report (amendment)07 Jul 2026Acquisition or disposition of assets · Financial statements and exhibits
- Current report01 Jul 2026Shareholder vote · Financial statements and exhibits
- Proxy statement22 May 2026
- Current report20 May 2026Departure or appointment of officers
- Quarterly report14 May 2026
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Laird Superfood, Inc. · 30 Mar 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Laird Superfood, Inc. · 13 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Laird Superfood, Inc. · 13 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.