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Side-by-side financial comparison of Laird Superfood, Inc. (LSF) and Soluna Holdings, Inc (SLNH). Click either name above to swap in a different company.
Laird Superfood, Inc. is the larger business by last-quarter revenue ($13.3M vs $8.4M, roughly 1.6× Soluna Holdings, Inc). Laird Superfood, Inc. runs the higher net margin — -13.2% vs -284.7%, a 271.5% gap on every dollar of revenue. On growth, Laird Superfood, Inc. posted the faster year-over-year revenue change (15.0% vs 11.8%). Over the past eight quarters, Laird Superfood, Inc.'s revenue compounded faster (16.1% CAGR vs -8.8%).
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 SLNH — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $13.3M | $8.4M |
| Net Profit | $-1.8M | $-24.0M |
| Gross Margin | 34.1% | 9.5% |
| Operating Margin | -13.5% | -92.5% |
| Net Margin | -13.2% | -284.7% |
| Revenue YoY | 15.0% | 11.8% |
| Net Profit YoY | -341.4% | -233.2% |
| EPS (diluted) | — | $-1.14 |
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 | — | ||
| Q3 25 | $12.9M | $8.4M | ||
| Q2 25 | $12.0M | $6.2M | ||
| Q1 25 | $11.7M | $5.9M | ||
| Q4 24 | $11.6M | $8.3M | ||
| Q3 24 | $11.8M | $7.5M | ||
| Q2 24 | $10.0M | $9.7M | ||
| Q1 24 | $9.9M | $12.5M |
| Q4 25 | $-1.8M | — | ||
| Q3 25 | $-975.1K | $-24.0M | ||
| Q2 25 | $-362.2K | $-7.4M | ||
| Q1 25 | $-156.2K | $-7.6M | ||
| Q4 24 | $-398.4K | $-40.0M | ||
| Q3 24 | $-166.1K | $-7.2M | ||
| Q2 24 | $-239.1K | $-10.9M | ||
| Q1 24 | $-1.0M | $-5.3M |
| Q4 25 | 34.1% | — | ||
| Q3 25 | 36.5% | 9.5% | ||
| Q2 25 | 39.9% | 6.3% | ||
| Q1 25 | 41.9% | 5.7% | ||
| Q4 24 | 38.6% | -360.8% | ||
| Q3 24 | 43.0% | -39.1% | ||
| Q2 24 | 41.8% | 34.6% | ||
| Q1 24 | 40.0% | 45.4% |
| Q4 25 | -13.5% | — | ||
| Q3 25 | -7.7% | -92.5% | ||
| Q2 25 | -3.3% | -107.6% | ||
| Q1 25 | -1.9% | -120.9% | ||
| Q4 24 | -4.1% | -426.0% | ||
| Q3 24 | -2.3% | -119.8% | ||
| Q2 24 | -3.4% | -38.0% | ||
| Q1 24 | -11.0% | 3.2% |
| Q4 25 | -13.2% | — | ||
| Q3 25 | -7.6% | -284.7% | ||
| Q2 25 | -3.0% | -119.9% | ||
| Q1 25 | -1.3% | -127.3% | ||
| Q4 24 | -3.4% | -483.8% | ||
| Q3 24 | -1.4% | -95.5% | ||
| Q2 24 | -2.4% | -112.4% | ||
| Q1 24 | -10.3% | -41.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | $-1.14 | ||
| Q2 25 | — | $-0.93 | ||
| Q1 25 | — | $-1.21 | ||
| Q4 24 | — | $-7.14 | ||
| Q3 24 | — | $-1.56 | ||
| Q2 24 | — | $-3.62 | ||
| Q1 24 | — | $-2.62 |
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 | — |
| Total DebtLower is stronger | — | $13.3M |
| Stockholders' EquityBook value | $11.5M | $14.5M |
| Total Assets | $19.2M | $152.0M |
| Debt / EquityLower = less leverage | — | 0.92× |
8-quarter trend — quarters aligned by calendar period.
| 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 | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $13.3M | ||
| Q2 25 | — | $10.0M | ||
| Q1 25 | — | $10.2M | ||
| Q4 24 | — | $7.1M | ||
| Q3 24 | — | $8.1M | ||
| Q2 24 | — | $9.0M | ||
| Q1 24 | — | — |
| Q4 25 | $11.5M | — | ||
| Q3 25 | $12.8M | $14.5M | ||
| Q2 25 | $13.4M | $-19.5M | ||
| Q1 25 | $13.3M | $-16.1M | ||
| Q4 24 | $13.2M | $-12.5M | ||
| Q3 24 | $13.1M | $20.9M | ||
| Q2 24 | $12.6M | $24.4M | ||
| Q1 24 | $12.7M | $21.5M |
| Q4 25 | $19.2M | — | ||
| Q3 25 | $18.9M | $152.0M | ||
| Q2 25 | $20.4M | $92.0M | ||
| Q1 25 | $21.5M | $90.0M | ||
| Q4 24 | $19.3M | $88.0M | ||
| Q3 24 | $18.8M | $97.3M | ||
| Q2 24 | $18.0M | $98.7M | ||
| Q1 24 | $17.6M | $90.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.92× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.39× | ||
| Q2 24 | — | 0.37× | ||
| Q1 24 | — | — |
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 | $-2.2M |
| Free Cash FlowOCF − Capex | — | $-6.8M |
| FCF MarginFCF / Revenue | — | -81.4% |
| Capex IntensityCapex / Revenue | — | 55.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-34.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $68.4K | — | ||
| Q3 25 | $1.2M | $-2.2M | ||
| Q2 25 | $-2.8M | $-1.1M | ||
| Q1 25 | $-1.3M | $-177.0K | ||
| Q4 24 | $339.2K | $-5.1M | ||
| Q3 24 | $305.8K | $61.0K | ||
| Q2 24 | $642.7K | $-7.3M | ||
| Q1 24 | $-422.3K | $3.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | $-6.8M | ||
| Q2 25 | — | $-9.7M | ||
| Q1 25 | — | $-4.0M | ||
| Q4 24 | — | $-13.9M | ||
| Q3 24 | — | $-3.4M | ||
| Q2 24 | — | $-7.6M | ||
| Q1 24 | — | $3.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | -81.4% | ||
| Q2 25 | — | -156.8% | ||
| Q1 25 | — | -67.1% | ||
| Q4 24 | — | -168.3% | ||
| Q3 24 | — | -44.8% | ||
| Q2 24 | — | -78.2% | ||
| Q1 24 | — | 26.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | 55.2% | ||
| Q2 25 | — | 139.0% | ||
| Q1 25 | — | 64.2% | ||
| Q4 24 | — | 107.0% | ||
| Q3 24 | — | 45.6% | ||
| Q2 24 | — | 2.5% | ||
| Q1 24 | — | 4.2% |
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% |
SLNH
| Data Hosting Revenue | $5.3M | 62% |
| Cryptocurrency Mining Revenue | $2.8M | 33% |
| Other | $389.0K | 5% |
