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Side-by-side financial comparison of Laird Superfood, Inc. (LSF) and LiveWire Group, Inc. (LVWR). Click either name above to swap in a different company.

Laird Superfood, Inc. is the larger business by last-quarter revenue ($13.3M vs $11.4M, roughly 1.2× LiveWire Group, Inc.). Laird Superfood, Inc. runs the higher net margin — -13.2% vs -155.2%, a 142.0% gap on every dollar of revenue. On growth, Laird Superfood, Inc. posted the faster year-over-year revenue change (15.0% vs 5.5%). Over the past eight quarters, LiveWire Group, Inc.'s revenue compounded faster (51.0% CAGR vs 16.1%).

Laird Superfood, Inc. develops, manufactures and sells a portfolio of plant-based functional superfood products, including premium coffee creamers, hydration blends, nutritional supplements, and plant-powered snacks. It serves health-conscious consumers through direct-to-consumer e-commerce platforms and offline retail partners, mainly operating in the North American market with a focus on sustainably sourced clean ingredients.

LiveWire is an American electric motorcycle manufacturer. It was initially launched as a dedicated electric vehicle (EV) division for Harley Davidson in July 2021. The company was spun-off from its parent and went public on September 27, 2022, via merger with a special-purpose acquisition company (SPAC). It was the first publicly traded electric motorcycle company in the United States.

LSF vs LVWR — Head-to-Head

Bigger by revenue
LSF
LSF
1.2× larger
LSF
$13.3M
$11.4M
LVWR
Growing faster (revenue YoY)
LSF
LSF
+9.5% gap
LSF
15.0%
5.5%
LVWR
Higher net margin
LSF
LSF
142.0% more per $
LSF
-13.2%
-155.2%
LVWR
Faster 2-yr revenue CAGR
LVWR
LVWR
Annualised
LVWR
51.0%
16.1%
LSF

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LSF
LSF
LVWR
LVWR
Revenue
$13.3M
$11.4M
Net Profit
$-1.8M
$-17.6M
Gross Margin
34.1%
0.8%
Operating Margin
-13.5%
-156.2%
Net Margin
-13.2%
-155.2%
Revenue YoY
15.0%
5.5%
Net Profit YoY
-341.4%
22.6%
EPS (diluted)
$-0.09

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.

Revenue
LSF
LSF
LVWR
LVWR
Q4 25
$13.3M
$11.4M
Q3 25
$12.9M
$5.7M
Q2 25
$12.0M
$5.9M
Q1 25
$11.7M
$2.7M
Q4 24
$11.6M
$10.8M
Q3 24
$11.8M
$4.4M
Q2 24
$10.0M
$6.4M
Q1 24
$9.9M
$5.0M
Net Profit
LSF
LSF
LVWR
LVWR
Q4 25
$-1.8M
$-17.6M
Q3 25
$-975.1K
$-19.4M
Q2 25
$-362.2K
$-18.8M
Q1 25
$-156.2K
$-19.3M
Q4 24
$-398.4K
$-22.8M
Q3 24
$-166.1K
$-22.7M
Q2 24
$-239.1K
$-24.8M
Q1 24
$-1.0M
$-23.6M
Gross Margin
LSF
LSF
LVWR
LVWR
Q4 25
34.1%
0.8%
Q3 25
36.5%
-50.9%
Q2 25
39.9%
9.3%
Q1 25
41.9%
-79.0%
Q4 24
38.6%
-49.8%
Q3 24
43.0%
-34.2%
Q2 24
41.8%
-27.6%
Q1 24
40.0%
-82.9%
Operating Margin
LSF
LSF
LVWR
LVWR
Q4 25
-13.5%
-156.2%
Q3 25
-7.7%
-330.0%
Q2 25
-3.3%
-311.0%
Q1 25
-1.9%
-753.4%
Q4 24
-4.1%
-234.6%
Q3 24
-2.3%
-596.7%
Q2 24
-3.4%
-436.7%
Q1 24
-11.0%
-611.1%
Net Margin
LSF
LSF
LVWR
LVWR
Q4 25
-13.2%
-155.2%
Q3 25
-7.6%
-340.2%
Q2 25
-3.0%
-320.6%
Q1 25
-1.3%
-702.6%
Q4 24
-3.4%
-211.7%
Q3 24
-1.4%
-510.6%
Q2 24
-2.4%
-384.6%
Q1 24
-10.3%
-475.0%
EPS (diluted)
LSF
LSF
LVWR
LVWR
Q4 25
$-0.09
Q3 25
$-0.10
Q2 25
$-0.09
Q1 25
$-0.09
Q4 24
$-0.11
Q3 24
$-0.11
Q2 24
$-0.12
Q1 24
$-0.12

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LSF
LSF
LVWR
LVWR
Cash + ST InvestmentsLiquidity on hand
$5.1M
$82.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$11.5M
$46.0M
Total Assets
$19.2M
$146.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LSF
LSF
LVWR
LVWR
Q4 25
$5.1M
$82.8M
Q3 25
$5.1M
$16.3M
Q2 25
$3.9M
$29.3M
Q1 25
$7.0M
$46.2M
Q4 24
$8.3M
$64.4M
Q3 24
$7.9M
$88.4M
Q2 24
$7.6M
$113.0M
Q1 24
$7.1M
$141.0M
Stockholders' Equity
LSF
LSF
LVWR
LVWR
Q4 25
$11.5M
$46.0M
Q3 25
$12.8M
$61.8M
Q2 25
$13.4M
$79.7M
Q1 25
$13.3M
$97.2M
Q4 24
$13.2M
$115.1M
Q3 24
$13.1M
$137.7M
Q2 24
$12.6M
$159.0M
Q1 24
$12.7M
$183.8M
Total Assets
LSF
LSF
LVWR
LVWR
Q4 25
$19.2M
$146.4M
Q3 25
$18.9M
$89.2M
Q2 25
$20.4M
$109.8M
Q1 25
$21.5M
$128.3M
Q4 24
$19.3M
$148.0M
Q3 24
$18.8M
$178.3M
Q2 24
$18.0M
$204.9M
Q1 24
$17.6M
$237.1M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LSF
LSF
LVWR
LVWR
Operating Cash FlowLast quarter
$68.4K
$-7.9M
Free Cash FlowOCF − Capex
$-8.9M
FCF MarginFCF / Revenue
-78.7%
Capex IntensityCapex / Revenue
9.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-57.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LSF
LSF
LVWR
LVWR
Q4 25
$68.4K
$-7.9M
Q3 25
$1.2M
$-13.3M
Q2 25
$-2.8M
$-14.9M
Q1 25
$-1.3M
$-17.5M
Q4 24
$339.2K
$-21.9M
Q3 24
$305.8K
$-23.1M
Q2 24
$642.7K
$-26.0M
Q1 24
$-422.3K
$-22.9M
Free Cash Flow
LSF
LSF
LVWR
LVWR
Q4 25
$-8.9M
Q3 25
$-14.0M
Q2 25
$-16.3M
Q1 25
$-18.1M
Q4 24
$-23.3M
Q3 24
$-24.7M
Q2 24
$-27.8M
Q1 24
$-26.2M
FCF Margin
LSF
LSF
LVWR
LVWR
Q4 25
-78.7%
Q3 25
-245.9%
Q2 25
-277.7%
Q1 25
-660.0%
Q4 24
-216.3%
Q3 24
-555.3%
Q2 24
-431.1%
Q1 24
-525.6%
Capex Intensity
LSF
LSF
LVWR
LVWR
Q4 25
9.1%
Q3 25
12.9%
Q2 25
24.3%
Q1 25
22.3%
Q4 24
13.1%
Q3 24
35.6%
Q2 24
28.5%
Q1 24
65.1%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

LSF
LSF

Wholesale$7.0M52%
Coffee Tea And Hot Chocolate Products$4.4M33%
Hydration And Beverage Enhancing Supplements$1.6M12%
Other$352.6K3%

LVWR
LVWR

STACYC Segment$7.5M66%
Other$3.8M34%

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