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Side-by-side financial comparison of Inspirato Inc (ISPO) and Lifeway Foods, Inc. (LWAY). Click either name above to swap in a different company.
Inspirato Inc is the larger business by last-quarter revenue ($55.5M vs $55.4M, roughly 1.0× Lifeway Foods, Inc.). Lifeway Foods, Inc. runs the higher net margin — 4.6% vs -8.1%, a 12.7% gap on every dollar of revenue. On growth, Lifeway Foods, Inc. posted the faster year-over-year revenue change (18.0% vs -19.6%). Inspirato Inc produced more free cash flow last quarter ($-3.0M vs $-17.4M). Over the past eight quarters, Lifeway Foods, Inc.'s revenue compounded faster (11.4% CAGR vs -11.4%).
Inspirato Inc is a luxury travel and hospitality subscription service provider catering primarily to high-net-worth consumers across North America. It offers curated premium villa rentals, exclusive resort access, customized trip planning, and corporate travel incentive solutions for enterprise clients.
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.
ISPO vs LWAY — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $55.5M | $55.4M |
| Net Profit | $-4.5M | $2.5M |
| Gross Margin | 31.4% | 27.8% |
| Operating Margin | -8.0% | 6.8% |
| Net Margin | -8.1% | 4.6% |
| Revenue YoY | -19.6% | 18.0% |
| Net Profit YoY | -204.4% | 1688.1% |
| EPS (diluted) | $-0.36 | $0.15 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | — | $55.4M | ||
| Q3 25 | $55.5M | $57.1M | ||
| Q2 25 | $63.1M | $53.9M | ||
| Q1 25 | $65.9M | $46.1M | ||
| Q4 24 | $63.1M | $46.9M | ||
| Q3 24 | $69.1M | $46.1M | ||
| Q2 24 | $67.4M | $49.2M | ||
| Q1 24 | $80.2M | $44.6M |
| Q4 25 | — | $2.5M | ||
| Q3 25 | $-4.5M | $3.5M | ||
| Q2 25 | $-5.3M | $4.2M | ||
| Q1 25 | $1.6M | $3.5M | ||
| Q4 24 | $-2.3M | $-160.0K | ||
| Q3 24 | $4.3M | $3.0M | ||
| Q2 24 | $-8.7M | $3.8M | ||
| Q1 24 | $1.3M | $2.4M |
| Q4 25 | — | 27.8% | ||
| Q3 25 | 31.4% | 28.7% | ||
| Q2 25 | 27.5% | 28.6% | ||
| Q1 25 | 38.8% | 23.9% | ||
| Q4 24 | 34.7% | 25.3% | ||
| Q3 24 | 71.5% | 25.7% | ||
| Q2 24 | 24.0% | 27.0% | ||
| Q1 24 | 39.5% | 25.8% |
| Q4 25 | — | 6.8% | ||
| Q3 25 | -8.0% | 8.8% | ||
| Q2 25 | -8.3% | 10.8% | ||
| Q1 25 | 2.5% | 3.4% | ||
| Q4 24 | -3.2% | 1.5% | ||
| Q3 24 | 9.8% | 9.1% | ||
| Q2 24 | -22.8% | 11.0% | ||
| Q1 24 | 3.0% | 8.0% |
| Q4 25 | — | 4.6% | ||
| Q3 25 | -8.1% | 6.2% | ||
| Q2 25 | -8.4% | 7.9% | ||
| Q1 25 | 2.5% | 7.7% | ||
| Q4 24 | -3.6% | -0.3% | ||
| Q3 24 | 6.3% | 6.5% | ||
| Q2 24 | -12.9% | 7.7% | ||
| Q1 24 | 1.6% | 5.4% |
| Q4 25 | — | $0.15 | ||
| Q3 25 | $-0.36 | $0.23 | ||
| Q2 25 | $-0.42 | $0.28 | ||
| Q1 25 | $0.12 | $0.23 | ||
| Q4 24 | $0.98 | $0.00 | ||
| Q3 24 | $0.62 | $0.19 | ||
| Q2 24 | $-2.33 | $0.25 | ||
| Q1 24 | $-0.18 | $0.16 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $13.7M | $5.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-134.0M | $85.8M |
| Total Assets | $228.3M | $105.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $5.6M | ||
| Q3 25 | $13.7M | $23.0M | ||
| Q2 25 | $16.7M | $21.2M | ||
| Q1 25 | $16.4M | $19.4M | ||
| Q4 24 | $21.8M | $16.7M | ||
| Q3 24 | $13.5M | $20.6M | ||
| Q2 24 | $18.8M | $14.6M | ||
| Q1 24 | $22.6M | $12.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $2.5M |
| Q4 25 | — | $85.8M | ||
| Q3 25 | $-134.0M | $82.8M | ||
| Q2 25 | $-129.7M | $78.7M | ||
| Q1 25 | $-125.2M | $74.2M | ||
| Q4 24 | $-129.9M | $71.9M | ||
| Q3 24 | $-134.6M | $71.5M | ||
| Q2 24 | $-35.2M | $68.0M | ||
| Q1 24 | $-27.5M | $63.5M |
| Q4 25 | — | $105.6M | ||
| Q3 25 | $228.3M | $109.5M | ||
| Q2 25 | $252.6M | $98.3M | ||
| Q1 25 | $270.1M | $93.7M | ||
| Q4 24 | $273.9M | $90.5M | ||
| Q3 24 | $273.3M | $91.3M | ||
| Q2 24 | $301.7M | $84.9M | ||
| Q1 24 | $313.0M | $82.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.04× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-2.2M | $267.0K |
| Free Cash FlowOCF − Capex | $-3.0M | $-17.4M |
| FCF MarginFCF / Revenue | -5.4% | -31.5% |
| Capex IntensityCapex / Revenue | 1.4% | 31.9% |
| Cash ConversionOCF / Net Profit | — | 0.11× |
| TTM Free Cash FlowTrailing 4 quarters | $-31.2M | $-16.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $267.0K | ||
| Q3 25 | $-2.2M | $6.9M | ||
| Q2 25 | $1.1M | $3.9M | ||
| Q1 25 | $-6.6M | $-150.0K | ||
| Q4 24 | $-15.8M | $-2.6M | ||
| Q3 24 | $-13.7M | $7.5M | ||
| Q2 24 | $-1.8M | $6.5M | ||
| Q1 24 | $-7.2M | $1.5M |
| Q4 25 | — | $-17.4M | ||
| Q3 25 | $-3.0M | $1.8M | ||
| Q2 25 | $468.0K | $1.6M | ||
| Q1 25 | $-7.5M | $-2.4M | ||
| Q4 24 | $-21.2M | $-3.8M | ||
| Q3 24 | $-14.8M | $5.9M | ||
| Q2 24 | $-3.7M | $5.1M | ||
| Q1 24 | $-8.5M | $-923.0K |
| Q4 25 | — | -31.5% | ||
| Q3 25 | -5.4% | 3.1% | ||
| Q2 25 | 0.7% | 3.0% | ||
| Q1 25 | -11.4% | -5.1% | ||
| Q4 24 | -33.7% | -8.2% | ||
| Q3 24 | -21.5% | 12.8% | ||
| Q2 24 | -5.5% | 10.4% | ||
| Q1 24 | -10.6% | -2.1% |
| Q4 25 | — | 31.9% | ||
| Q3 25 | 1.4% | 9.0% | ||
| Q2 25 | 1.0% | 4.3% | ||
| Q1 25 | 1.3% | 4.8% | ||
| Q4 24 | 8.7% | 2.7% | ||
| Q3 24 | 1.6% | 3.3% | ||
| Q2 24 | 2.8% | 2.9% | ||
| Q1 24 | 1.6% | 5.5% |
| Q4 25 | — | 0.11× | ||
| Q3 25 | — | 1.96× | ||
| Q2 25 | — | 0.92× | ||
| Q1 25 | -4.09× | -0.04× | ||
| Q4 24 | — | — | ||
| Q3 24 | -3.16× | 2.50× | ||
| Q2 24 | — | 1.73× | ||
| Q1 24 | -5.70× | 0.64× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ISPO
| Residence And Hotel Travel | $25.9M | 47% |
| Subscription | $19.4M | 35% |
| Experiences And Bespoke Travel | $8.0M | 14% |
| Rewards And Other Revenue | $2.3M | 4% |
LWAY
| Drinkable Kefirotherthan Pro Bugs | $47.8M | 86% |
| Cheese | $4.7M | 8% |
| Cream And Other | $1.7M | 3% |
| Other | $1.2M | 2% |
