Lifeway Foods, Inc.LWAYEarnings & Financial Report
Lifeway Foods is an Illinois-based health food company founded in 1986. They are a leading U.S. supplier of kefir and fermented probiotic products to support the microbiome.
Revenue
$46.9M
Gross Profit
$11.9M
Operating Profit
$713.0K
Net Profit
$-160.0K
Gross Margin
25.3%
Operating Margin
1.5%
Net Margin
-0.3%
YoY Growth
11.5%
EPS
$0.00
Lifeway Foods, Inc. Q4 FY2024 Financial Summary
Lifeway Foods, Inc. reported revenue of $46.9M (up 11.5% YoY) for Q4 FY2024, with a net profit of $-160.0K (down 104.0% YoY) (-0.3% margin). Cost of goods sold was $35.0M, operating expenses totaled $11.2M.
Key Financial Metrics
| Total Revenue | $46.9M |
|---|---|
| Net Profit | $-160.0K |
| Gross Margin | 25.3% |
| Operating Margin | 1.5% |
| Report Period | Q4 FY2024 |
Revenue Breakdown
Lifeway Foods, Inc. Q4 FY2024 revenue of $46.9M breaks down across 5 segments, led by Drinkable Kefirotherthan Pro Bugs at $38.2M (81.4% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Drinkable Kefirotherthan Pro Bugs | $38.2M | 81.4% |
| Cheese | $4.1M | 8.7% |
| Cream And Other | $2.1M | 4.5% |
| Other | $1.3M | 2.9% |
| Drinkable Yogurt | $1.2M | 2.6% |
Lifeway Foods, Inc. Revenue by Segment — Quarterly Trend
Lifeway Foods, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Drinkable Kefirotherthan Pro Bugs and Cheese) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Drinkable Kefirotherthan Pro Bugs | $47.8M | $49.6M | $46.0M | — |
| Cheese | $4.7M | $4.1M | $4.0M | — |
| Cream And Other | $1.7M | $2.2M | $2.4M | — |
| Other | $1.2M | $1.3M | $1.5M | — |
Lifeway Foods, Inc. Annual Revenue by Year
Lifeway Foods, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $212.5M).
| Year | Annual Revenue |
|---|---|
| 2025 | $212.5M |
| 2024 | $186.8M |
| 2023 | $160.1M |
| 2022 | $141.6M |
Lifeway Foods, Inc. Quarterly Revenue & Net Profit History
Lifeway Foods, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $55.4M | +18.0% | $2.5M | 4.6% |
| Q3 FY2025 | $57.1M | +24.0% | $3.5M | 6.2% |
| Q2 FY2025 | $53.9M | +9.7% | $4.2M | 7.9% |
| Q1 FY2025 | $46.1M | +3.3% | $3.5M | 7.7% |
| Q4 FY2024 | $46.9M | +11.5% | $-160.0K | -0.3% |
| Q3 FY2024 | $46.1M | +12.7% | $3.0M | 6.5% |
| Q2 FY2024 | $49.2M | +25.3% | $3.8M | 7.7% |
| Q1 FY2024 | $44.6M | +17.8% | $2.4M | 5.4% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $44.6M | $49.2M | $46.1M | $46.9M | $46.1M | $53.9M | $57.1M | $55.4M |
| YoY Growth | 17.8% | 25.3% | 12.7% | 11.5% | 3.3% | 9.7% | 24.0% | 18.0% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $82.8M | $84.9M | $91.3M | $90.5M | $93.7M | $98.3M | $109.5M | $105.6M |
| Liabilities | $19.2M | $16.9M | $19.8M | $18.6M | $19.5M | $19.6M | $26.8M | $19.8M |
| Equity | $63.5M | $68.0M | $71.5M | $71.9M | $74.2M | $78.7M | $82.8M | $85.8M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $1.5M | $6.5M | $7.5M | $-2.6M | $-150000 | $3.9M | $6.9M | $267000 |