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

Laird Superfood, Inc. is the larger business by last-quarter revenue ($13.3M vs $7.0M, roughly 1.9× Relay Therapeutics, Inc.).

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.

Relay Therapeutics is a clinical-stage biotechnology company focused on developing precision oncology therapies. It leverages advanced computational modeling of protein dynamics, paired with cutting-edge experimental biology, to design targeted medicines for previously intractable cancer types, serving global oncology care markets and patient populations.

LSF vs RLAY — Head-to-Head

Bigger by revenue
LSF
LSF
1.9× larger
LSF
$13.3M
$7.0M
RLAY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LSF
LSF
RLAY
RLAY
Revenue
$13.3M
$7.0M
Net Profit
$-1.8M
Gross Margin
34.1%
Operating Margin
-13.5%
Net Margin
-13.2%
Revenue YoY
15.0%
Net Profit YoY
-341.4%
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.

Revenue
LSF
LSF
RLAY
RLAY
Q4 25
$13.3M
$7.0M
Q3 25
$12.9M
$0
Q2 25
$12.0M
Q1 25
$11.7M
$7.7M
Q4 24
$11.6M
$0
Q3 24
$11.8M
$0
Q2 24
$10.0M
$0
Q1 24
$9.9M
$10.0M
Net Profit
LSF
LSF
RLAY
RLAY
Q4 25
$-1.8M
Q3 25
$-975.1K
$-74.1M
Q2 25
$-362.2K
Q1 25
$-156.2K
$-77.1M
Q4 24
$-398.4K
Q3 24
$-166.1K
$-88.1M
Q2 24
$-239.1K
$-92.2M
Q1 24
$-1.0M
$-81.4M
Gross Margin
LSF
LSF
RLAY
RLAY
Q4 25
34.1%
Q3 25
36.5%
Q2 25
39.9%
Q1 25
41.9%
Q4 24
38.6%
Q3 24
43.0%
Q2 24
41.8%
Q1 24
40.0%
Operating Margin
LSF
LSF
RLAY
RLAY
Q4 25
-13.5%
Q3 25
-7.7%
Q2 25
-3.3%
Q1 25
-1.9%
-1105.2%
Q4 24
-4.1%
Q3 24
-2.3%
Q2 24
-3.4%
Q1 24
-11.0%
-903.0%
Net Margin
LSF
LSF
RLAY
RLAY
Q4 25
-13.2%
Q3 25
-7.6%
Q2 25
-3.0%
Q1 25
-1.3%
-1003.6%
Q4 24
-3.4%
Q3 24
-1.4%
Q2 24
-2.4%
Q1 24
-10.3%
-813.3%
EPS (diluted)
LSF
LSF
RLAY
RLAY
Q4 25
Q3 25
$-0.43
Q2 25
Q1 25
$-0.46
Q4 24
Q3 24
$-0.63
Q2 24
$-0.69
Q1 24
$-0.62

Balance Sheet & Financial Strength

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

Metric
LSF
LSF
RLAY
RLAY
Cash + ST InvestmentsLiquidity on hand
$5.1M
$84.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$11.5M
$567.1M
Total Assets
$19.2M
$621.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LSF
LSF
RLAY
RLAY
Q4 25
$5.1M
$84.0M
Q3 25
$5.1M
$91.6M
Q2 25
$3.9M
Q1 25
$7.0M
$93.5M
Q4 24
$8.3M
$124.3M
Q3 24
$7.9M
$152.4M
Q2 24
$7.6M
$134.1M
Q1 24
$7.1M
$152.9M
Stockholders' Equity
LSF
LSF
RLAY
RLAY
Q4 25
$11.5M
$567.1M
Q3 25
$12.8M
$607.7M
Q2 25
$13.4M
Q1 25
$13.3M
$721.1M
Q4 24
$13.2M
$777.8M
Q3 24
$13.1M
$838.9M
Q2 24
$12.6M
$681.7M
Q1 24
$12.7M
$745.8M
Total Assets
LSF
LSF
RLAY
RLAY
Q4 25
$19.2M
$621.3M
Q3 25
$18.9M
$670.0M
Q2 25
$20.4M
Q1 25
$21.5M
$799.4M
Q4 24
$19.3M
$871.3M
Q3 24
$18.8M
$930.1M
Q2 24
$18.0M
$772.5M
Q1 24
$17.6M
$841.4M

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
RLAY
RLAY
Operating Cash FlowLast quarter
$68.4K
$-235.5M
Free Cash FlowOCF − Capex
$-235.9M
FCF MarginFCF / Revenue
-3370.0%
Capex IntensityCapex / Revenue
5.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-622.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LSF
LSF
RLAY
RLAY
Q4 25
$68.4K
$-235.5M
Q3 25
$1.2M
$-62.1M
Q2 25
$-2.8M
Q1 25
$-1.3M
$-73.2M
Q4 24
$339.2K
$-249.1M
Q3 24
$305.8K
$-75.1M
Q2 24
$642.7K
$-65.8M
Q1 24
$-422.3K
$-50.3M
Free Cash Flow
LSF
LSF
RLAY
RLAY
Q4 25
$-235.9M
Q3 25
$-62.1M
Q2 25
Q1 25
$-73.6M
Q4 24
$-251.1M
Q3 24
$-75.3M
Q2 24
$-65.8M
Q1 24
$-52.1M
FCF Margin
LSF
LSF
RLAY
RLAY
Q4 25
-3370.0%
Q3 25
Q2 25
Q1 25
-958.4%
Q4 24
Q3 24
Q2 24
Q1 24
-520.7%
Capex Intensity
LSF
LSF
RLAY
RLAY
Q4 25
5.9%
Q3 25
Q2 25
Q1 25
5.0%
Q4 24
Q3 24
Q2 24
Q1 24
17.8%

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%

RLAY
RLAY

Segment breakdown not available.

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