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Side-by-side financial comparison of Laird Superfood, Inc. (LSF) and NextPlat Corp (NXPL). Click either name above to swap in a different company.
Laird Superfood, Inc. is the larger business by last-quarter revenue ($13.3M vs $12.8M, roughly 1.0× NextPlat Corp). Laird Superfood, Inc. runs the higher net margin — -13.2% vs -40.2%, a 27.0% gap on every dollar of revenue. On growth, Laird Superfood, Inc. posted the faster year-over-year revenue change (15.0% vs -21.1%). Over the past eight quarters, Laird Superfood, Inc.'s revenue compounded faster (16.1% CAGR vs -14.4%).
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.
LSF vs NXPL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $13.3M | $12.8M |
| Net Profit | $-1.8M | $-5.1M |
| Gross Margin | 34.1% | 14.3% |
| Operating Margin | -13.5% | -28.9% |
| Net Margin | -13.2% | -40.2% |
| Revenue YoY | 15.0% | -21.1% |
| Net Profit YoY | -341.4% | -70.6% |
| EPS (diluted) | — | — |
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 | $13.3M | $12.8M | ||
| Q3 25 | $12.9M | $13.8M | ||
| Q2 25 | $12.0M | $13.2M | ||
| Q1 25 | $11.7M | $14.5M | ||
| Q4 24 | $11.6M | $16.2M | ||
| Q3 24 | $11.8M | $15.4M | ||
| Q2 24 | $10.0M | $17.0M | ||
| Q1 24 | $9.9M | $17.5M |
| Q4 25 | $-1.8M | $-5.1M | ||
| Q3 25 | $-975.1K | $-2.2M | ||
| Q2 25 | $-362.2K | $-1.8M | ||
| Q1 25 | $-156.2K | $-1.3M | ||
| Q4 24 | $-398.4K | $-3.0M | ||
| Q3 24 | $-166.1K | $-4.2M | ||
| Q2 24 | $-239.1K | $-5.3M | ||
| Q1 24 | $-1.0M | $-1.5M |
| Q4 25 | 34.1% | 14.3% | ||
| Q3 25 | 36.5% | 19.9% | ||
| Q2 25 | 39.9% | 21.8% | ||
| Q1 25 | 41.9% | 23.8% | ||
| Q4 24 | 38.6% | 16.8% | ||
| Q3 24 | 43.0% | 23.2% | ||
| Q2 24 | 41.8% | 34.5% | ||
| Q1 24 | 40.0% | 27.8% |
| Q4 25 | -13.5% | -28.9% | ||
| Q3 25 | -7.7% | -14.5% | ||
| Q2 25 | -3.3% | -13.8% | ||
| Q1 25 | -1.9% | -10.2% | ||
| Q4 24 | -4.1% | -14.1% | ||
| Q3 24 | -2.3% | -52.1% | ||
| Q2 24 | -3.4% | -64.1% | ||
| Q1 24 | -11.0% | -10.5% |
| Q4 25 | -13.2% | -40.2% | ||
| Q3 25 | -7.6% | -15.9% | ||
| Q2 25 | -3.0% | -13.5% | ||
| Q1 25 | -1.3% | -9.2% | ||
| Q4 24 | -3.4% | -18.6% | ||
| Q3 24 | -1.4% | -27.4% | ||
| Q2 24 | -2.4% | -31.3% | ||
| Q1 24 | -10.3% | -8.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-0.05 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-0.22 | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $-0.08 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $5.1M | $13.7M |
| Total DebtLower is stronger | — | $1.3M |
| Stockholders' EquityBook value | $11.5M | $17.3M |
| Total Assets | $19.2M | $27.5M |
| Debt / EquityLower = less leverage | — | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.1M | $13.7M | ||
| Q3 25 | $5.1M | $13.9M | ||
| Q2 25 | $3.9M | $16.6M | ||
| Q1 25 | $7.0M | $17.7M | ||
| Q4 24 | $8.3M | $20.0M | ||
| Q3 24 | $7.9M | $20.4M | ||
| Q2 24 | $7.6M | $24.9M | ||
| Q1 24 | $7.1M | $23.5M |
| Q4 25 | — | $1.3M | ||
| Q3 25 | — | $1.2M | ||
| Q2 25 | — | $1.2M | ||
| Q1 25 | — | $1.3M | ||
| Q4 24 | — | $1.4M | ||
| Q3 24 | — | $1.5M | ||
| Q2 24 | — | $1.3M | ||
| Q1 24 | — | $1.4M |
| Q4 25 | $11.5M | $17.3M | ||
| Q3 25 | $12.8M | $21.4M | ||
| Q2 25 | $13.4M | $23.5M | ||
| Q1 25 | $13.3M | $25.3M | ||
| Q4 24 | $13.2M | $27.3M | ||
| Q3 24 | $13.1M | $22.5M | ||
| Q2 24 | $12.6M | $26.5M | ||
| Q1 24 | $12.7M | $31.2M |
| Q4 25 | $19.2M | $27.5M | ||
| Q3 25 | $18.9M | $30.0M | ||
| Q2 25 | $20.4M | $31.0M | ||
| Q1 25 | $21.5M | $35.2M | ||
| Q4 24 | $19.3M | $37.1M | ||
| Q3 24 | $18.8M | $41.1M | ||
| Q2 24 | $18.0M | $51.5M | ||
| Q1 24 | $17.6M | $65.1M |
| Q4 25 | — | 0.07× | ||
| Q3 25 | — | 0.05× | ||
| Q2 25 | — | 0.05× | ||
| Q1 25 | — | 0.05× | ||
| Q4 24 | — | 0.05× | ||
| Q3 24 | — | 0.07× | ||
| Q2 24 | — | 0.05× | ||
| 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 | $68.4K | $-302.0K |
| Free Cash FlowOCF − Capex | — | $-339.0K |
| FCF MarginFCF / Revenue | — | -2.6% |
| Capex IntensityCapex / Revenue | — | 0.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $68.4K | $-302.0K | ||
| Q3 25 | $1.2M | $-2.7M | ||
| Q2 25 | $-2.8M | $-1.0M | ||
| Q1 25 | $-1.3M | $-2.1M | ||
| Q4 24 | $339.2K | $-476.0K | ||
| Q3 24 | $305.8K | $-4.6M | ||
| Q2 24 | $642.7K | $2.3M | ||
| Q1 24 | $-422.3K | $-2.7M |
| Q4 25 | — | $-339.0K | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $-1.1M | ||
| Q1 25 | — | $-2.1M | ||
| Q4 24 | — | $-508.0K | ||
| Q3 24 | — | $-4.7M | ||
| Q2 24 | — | $2.2M | ||
| Q1 24 | — | $-2.7M |
| Q4 25 | — | -2.6% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -8.0% | ||
| Q1 25 | — | -14.3% | ||
| Q4 24 | — | -3.1% | ||
| Q3 24 | — | -30.6% | ||
| Q2 24 | — | 13.2% | ||
| Q1 24 | — | -15.7% |
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 0.4% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LSF
| Wholesale | $7.0M | 52% |
| Coffee Tea And Hot Chocolate Products | $4.4M | 33% |
| Hydration And Beverage Enhancing Supplements | $1.6M | 12% |
| Other | $352.6K | 3% |
NXPL
| Healthcare Operations | $9.0M | 70% |
| Ecommerce Revenue | $3.8M | 30% |
