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

Spire Global, Inc. is the larger business by last-quarter revenue ($15.8M vs $13.3M, roughly 1.2× Laird Superfood, Inc.). Laird Superfood, Inc. runs the higher net margin — -13.2% vs -176.6%, a 163.5% gap on every dollar of revenue. On growth, Laird Superfood, Inc. posted the faster year-over-year revenue change (15.0% vs -26.9%). Over the past eight quarters, Laird Superfood, Inc.'s revenue compounded faster (16.1% CAGR vs -32.6%).

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.

Spire Global, Inc. is a space-to-cloud data and analytics company that specializes in the tracking of global data sets powered by a large constellation of nanosatellites, such as the tracking of maritime, aviation and weather patterns.

LSF vs SPIR — Head-to-Head

Bigger by revenue
SPIR
SPIR
1.2× larger
SPIR
$15.8M
$13.3M
LSF
Growing faster (revenue YoY)
LSF
LSF
+41.9% gap
LSF
15.0%
-26.9%
SPIR
Higher net margin
LSF
LSF
163.5% more per $
LSF
-13.2%
-176.6%
SPIR
Faster 2-yr revenue CAGR
LSF
LSF
Annualised
LSF
16.1%
-32.6%
SPIR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LSF
LSF
SPIR
SPIR
Revenue
$13.3M
$15.8M
Net Profit
$-1.8M
$-28.0M
Gross Margin
34.1%
40.2%
Operating Margin
-13.5%
-164.1%
Net Margin
-13.2%
-176.6%
Revenue YoY
15.0%
-26.9%
Net Profit YoY
-341.4%
42.7%
EPS (diluted)
$-0.85

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
SPIR
SPIR
Q4 25
$13.3M
$15.8M
Q3 25
$12.9M
$12.7M
Q2 25
$12.0M
$19.2M
Q1 25
$11.7M
$23.9M
Q4 24
$11.6M
$21.7M
Q3 24
$11.8M
$28.6M
Q2 24
$10.0M
$25.4M
Q1 24
$9.9M
$34.8M
Net Profit
LSF
LSF
SPIR
SPIR
Q4 25
$-1.8M
$-28.0M
Q3 25
$-975.1K
$-19.7M
Q2 25
$-362.2K
$119.6M
Q1 25
$-156.2K
$-20.7M
Q4 24
$-398.4K
$-48.8M
Q3 24
$-166.1K
$-12.5M
Q2 24
$-239.1K
$-16.6M
Q1 24
$-1.0M
$-25.5M
Gross Margin
LSF
LSF
SPIR
SPIR
Q4 25
34.1%
40.2%
Q3 25
36.5%
36.6%
Q2 25
39.9%
48.9%
Q1 25
41.9%
36.8%
Q4 24
38.6%
32.4%
Q3 24
43.0%
44.5%
Q2 24
41.8%
43.0%
Q1 24
40.0%
26.5%
Operating Margin
LSF
LSF
SPIR
SPIR
Q4 25
-13.5%
-164.1%
Q3 25
-7.7%
-166.1%
Q2 25
-3.3%
-122.7%
Q1 25
-1.9%
-106.5%
Q4 24
-4.1%
-144.1%
Q3 24
-2.3%
-48.0%
Q2 24
-3.4%
-48.6%
Q1 24
-11.0%
-34.4%
Net Margin
LSF
LSF
SPIR
SPIR
Q4 25
-13.2%
-176.6%
Q3 25
-7.6%
-155.3%
Q2 25
-3.0%
623.4%
Q1 25
-1.3%
-86.5%
Q4 24
-3.4%
-225.2%
Q3 24
-1.4%
-43.7%
Q2 24
-2.4%
-65.2%
Q1 24
-10.3%
-73.3%
EPS (diluted)
LSF
LSF
SPIR
SPIR
Q4 25
$-0.85
Q3 25
$-0.61
Q2 25
$3.72
Q1 25
$-0.77
Q4 24
$-1.93
Q3 24
$-0.50
Q2 24
$-0.68
Q1 24
$-1.17

Balance Sheet & Financial Strength

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

Metric
LSF
LSF
SPIR
SPIR
Cash + ST InvestmentsLiquidity on hand
$5.1M
$81.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$11.5M
$112.9M
Total Assets
$19.2M
$211.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LSF
LSF
SPIR
SPIR
Q4 25
$5.1M
$81.8M
Q3 25
$5.1M
$96.8M
Q2 25
$3.9M
$117.6M
Q1 25
$7.0M
$35.9M
Q4 24
$8.3M
$19.2M
Q3 24
$7.9M
$36.6M
Q2 24
$7.6M
$45.8M
Q1 24
$7.1M
$63.7M
Total Debt
LSF
LSF
SPIR
SPIR
Q4 25
Q3 25
Q2 25
Q1 25
$103.7M
Q4 24
$103.1M
Q3 24
$4.9M
Q2 24
$4.9M
Q1 24
$123.1M
Stockholders' Equity
LSF
LSF
SPIR
SPIR
Q4 25
$11.5M
$112.9M
Q3 25
$12.8M
$133.1M
Q2 25
$13.4M
$149.2M
Q1 25
$13.3M
$3.7M
Q4 24
$13.2M
$-11.7M
Q3 24
$13.1M
$30.8M
Q2 24
$12.6M
$40.3M
Q1 24
$12.7M
$52.5M
Total Assets
LSF
LSF
SPIR
SPIR
Q4 25
$19.2M
$211.0M
Q3 25
$18.9M
$224.3M
Q2 25
$20.4M
$239.5M
Q1 25
$21.5M
$208.8M
Q4 24
$19.3M
$193.6M
Q3 24
$18.8M
$224.2M
Q2 24
$18.0M
$230.8M
Q1 24
$17.6M
$252.3M
Debt / Equity
LSF
LSF
SPIR
SPIR
Q4 25
Q3 25
Q2 25
Q1 25
27.92×
Q4 24
Q3 24
0.16×
Q2 24
0.12×
Q1 24
2.35×

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
SPIR
SPIR
Operating Cash FlowLast quarter
$68.4K
$-4.3M
Free Cash FlowOCF − Capex
$-16.2M
FCF MarginFCF / Revenue
-102.1%
Capex IntensityCapex / Revenue
75.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-92.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LSF
LSF
SPIR
SPIR
Q4 25
$68.4K
$-4.3M
Q3 25
$1.2M
$-12.0M
Q2 25
$-2.8M
$-35.1M
Q1 25
$-1.3M
$-8.4M
Q4 24
$339.2K
$-19.2M
Q3 24
$305.8K
$14.0M
Q2 24
$642.7K
$-4.4M
Q1 24
$-422.3K
$-8.8M
Free Cash Flow
LSF
LSF
SPIR
SPIR
Q4 25
$-16.2M
Q3 25
$-20.4M
Q2 25
$-38.7M
Q1 25
$-17.3M
Q4 24
$-24.3M
Q3 24
$5.1M
Q2 24
$-9.9M
Q1 24
$-15.9M
FCF Margin
LSF
LSF
SPIR
SPIR
Q4 25
-102.1%
Q3 25
-161.3%
Q2 25
-201.7%
Q1 25
-72.6%
Q4 24
-112.2%
Q3 24
17.8%
Q2 24
-39.0%
Q1 24
-45.7%
Capex Intensity
LSF
LSF
SPIR
SPIR
Q4 25
75.1%
Q3 25
66.2%
Q2 25
18.8%
Q1 25
37.3%
Q4 24
23.5%
Q3 24
31.2%
Q2 24
21.8%
Q1 24
20.3%
Cash Conversion
LSF
LSF
SPIR
SPIR
Q4 25
Q3 25
Q2 25
-0.29×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

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%

SPIR
SPIR

Segment breakdown not available.

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