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

Paysign, Inc. is the larger business by last-quarter revenue ($22.8M vs $13.3M, roughly 1.7× Laird Superfood, Inc.). Paysign, Inc. runs the higher net margin — 6.0% vs -13.2%, a 19.2% gap on every dollar of revenue. On growth, Paysign, Inc. posted the faster year-over-year revenue change (45.8% vs 15.0%). Over the past eight quarters, Paysign, Inc.'s revenue compounded faster (31.3% 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.

Paysign, Inc. is a specialized payment solutions provider that designs and delivers customized prepaid card programs, end-to-end payment processing services, and digital disbursement tools. Its core served segments include healthcare, corporate incentives, and general consumer markets, with primary operations and client bases across North America.

LSF vs PAYS — Head-to-Head

Bigger by revenue
PAYS
PAYS
1.7× larger
PAYS
$22.8M
$13.3M
LSF
Growing faster (revenue YoY)
PAYS
PAYS
+30.8% gap
PAYS
45.8%
15.0%
LSF
Higher net margin
PAYS
PAYS
19.2% more per $
PAYS
6.0%
-13.2%
LSF
Faster 2-yr revenue CAGR
PAYS
PAYS
Annualised
PAYS
31.3%
16.1%
LSF

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LSF
LSF
PAYS
PAYS
Revenue
$13.3M
$22.8M
Net Profit
$-1.8M
$1.4M
Gross Margin
34.1%
57.7%
Operating Margin
-13.5%
8.1%
Net Margin
-13.2%
6.0%
Revenue YoY
15.0%
45.8%
Net Profit YoY
-341.4%
-0.7%
EPS (diluted)
$0.02

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
PAYS
PAYS
Q4 25
$13.3M
$22.8M
Q3 25
$12.9M
$21.6M
Q2 25
$12.0M
$19.1M
Q1 25
$11.7M
$18.6M
Q4 24
$11.6M
$15.6M
Q3 24
$11.8M
$15.3M
Q2 24
$10.0M
$14.3M
Q1 24
$9.9M
$13.2M
Net Profit
LSF
LSF
PAYS
PAYS
Q4 25
$-1.8M
$1.4M
Q3 25
$-975.1K
$2.2M
Q2 25
$-362.2K
$1.4M
Q1 25
$-156.2K
$2.6M
Q4 24
$-398.4K
$1.4M
Q3 24
$-166.1K
$1.4M
Q2 24
$-239.1K
$697.1K
Q1 24
$-1.0M
$309.1K
Gross Margin
LSF
LSF
PAYS
PAYS
Q4 25
34.1%
57.7%
Q3 25
36.5%
56.3%
Q2 25
39.9%
61.6%
Q1 25
41.9%
62.9%
Q4 24
38.6%
58.9%
Q3 24
43.0%
55.5%
Q2 24
41.8%
52.9%
Q1 24
40.0%
52.6%
Operating Margin
LSF
LSF
PAYS
PAYS
Q4 25
-13.5%
8.1%
Q3 25
-7.7%
7.3%
Q2 25
-3.3%
7.5%
Q1 25
-1.9%
13.4%
Q4 24
-4.1%
3.0%
Q3 24
-2.3%
4.5%
Q2 24
-3.4%
0.9%
Q1 24
-11.0%
-2.0%
Net Margin
LSF
LSF
PAYS
PAYS
Q4 25
-13.2%
6.0%
Q3 25
-7.6%
10.3%
Q2 25
-3.0%
7.3%
Q1 25
-1.3%
13.9%
Q4 24
-3.4%
8.8%
Q3 24
-1.4%
9.4%
Q2 24
-2.4%
4.9%
Q1 24
-10.3%
2.3%
EPS (diluted)
LSF
LSF
PAYS
PAYS
Q4 25
$0.02
Q3 25
$0.04
Q2 25
$0.02
Q1 25
$0.05
Q4 24
$0.02
Q3 24
$0.03
Q2 24
$0.01
Q1 24
$0.01

Balance Sheet & Financial Strength

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

Metric
LSF
LSF
PAYS
PAYS
Cash + ST InvestmentsLiquidity on hand
$5.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$11.5M
$48.5M
Total Assets
$19.2M
$276.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LSF
LSF
PAYS
PAYS
Q4 25
$5.1M
Q3 25
$5.1M
Q2 25
$3.9M
Q1 25
$7.0M
Q4 24
$8.3M
Q3 24
$7.9M
Q2 24
$7.6M
Q1 24
$7.1M
Stockholders' Equity
LSF
LSF
PAYS
PAYS
Q4 25
$11.5M
$48.5M
Q3 25
$12.8M
$45.8M
Q2 25
$13.4M
$42.2M
Q1 25
$13.3M
$39.3M
Q4 24
$13.2M
$30.4M
Q3 24
$13.1M
$28.5M
Q2 24
$12.6M
$26.9M
Q1 24
$12.7M
$25.5M
Total Assets
LSF
LSF
PAYS
PAYS
Q4 25
$19.2M
$276.3M
Q3 25
$18.9M
$209.5M
Q2 25
$20.4M
$193.9M
Q1 25
$21.5M
$205.1M
Q4 24
$19.3M
$179.0M
Q3 24
$18.8M
$167.0M
Q2 24
$18.0M
$182.3M
Q1 24
$17.6M
$173.0M

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
PAYS
PAYS
Operating Cash FlowLast quarter
$68.4K
$48.1M
Free Cash FlowOCF − Capex
$47.5M
FCF MarginFCF / Revenue
208.7%
Capex IntensityCapex / Revenue
2.6%
Cash ConversionOCF / Net Profit
35.29×
TTM Free Cash FlowTrailing 4 quarters
$51.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LSF
LSF
PAYS
PAYS
Q4 25
$68.4K
$48.1M
Q3 25
$1.2M
$6.8M
Q2 25
$-2.8M
$3.6M
Q1 25
$-1.3M
$-6.0M
Q4 24
$339.2K
$14.3M
Q3 24
$305.8K
$-20.2M
Q2 24
$642.7K
$20.6M
Q1 24
$-422.3K
$8.2M
Free Cash Flow
LSF
LSF
PAYS
PAYS
Q4 25
$47.5M
Q3 25
$6.3M
Q2 25
$3.6M
Q1 25
$-6.1M
Q4 24
$14.2M
Q3 24
$-20.3M
Q2 24
$20.4M
Q1 24
$8.2M
FCF Margin
LSF
LSF
PAYS
PAYS
Q4 25
208.7%
Q3 25
29.2%
Q2 25
18.6%
Q1 25
-32.9%
Q4 24
91.0%
Q3 24
-133.0%
Q2 24
142.4%
Q1 24
62.1%
Capex Intensity
LSF
LSF
PAYS
PAYS
Q4 25
2.6%
Q3 25
2.1%
Q2 25
0.5%
Q1 25
0.4%
Q4 24
0.7%
Q3 24
0.8%
Q2 24
1.0%
Q1 24
0.4%
Cash Conversion
LSF
LSF
PAYS
PAYS
Q4 25
35.29×
Q3 25
3.05×
Q2 25
2.62×
Q1 25
-2.33×
Q4 24
10.43×
Q3 24
-14.03×
Q2 24
29.48×
Q1 24
26.67×

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%

PAYS
PAYS

Plasma Industry$12.6M55%
Pharma Industry$9.6M42%
Other$558.4K2%

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