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

TRX GOLD Corp is the larger business by last-quarter revenue ($25.1M vs $13.3M, roughly 1.9× Laird Superfood, Inc.). TRX GOLD Corp runs the higher net margin — -2.0% vs -13.2%, a 11.2% gap on every dollar of revenue. On growth, TRX GOLD Corp posted the faster year-over-year revenue change (100.5% vs 15.0%). Over the past eight quarters, TRX GOLD Corp's revenue compounded faster (64.2% 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.

TRX Gold Corp is a mineral exploration and development firm primarily engaged in the identification, evaluation, and development of gold resource assets. It conducts most of its operations in East Africa, with core project holdings in Tanzania, targeting high-grade deposits to deliver sustainable production and stakeholder value.

LSF vs TRX — Head-to-Head

Bigger by revenue
TRX
TRX
1.9× larger
TRX
$25.1M
$13.3M
LSF
Growing faster (revenue YoY)
TRX
TRX
+85.5% gap
TRX
100.5%
15.0%
LSF
Higher net margin
TRX
TRX
11.2% more per $
TRX
-2.0%
-13.2%
LSF
Faster 2-yr revenue CAGR
TRX
TRX
Annualised
TRX
64.2%
16.1%
LSF

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
LSF
LSF
TRX
TRX
Revenue
$13.3M
$25.1M
Net Profit
$-1.8M
$-496.0K
Gross Margin
34.1%
56.6%
Operating Margin
-13.5%
Net Margin
-13.2%
-2.0%
Revenue YoY
15.0%
100.5%
Net Profit YoY
-341.4%
-123.2%
EPS (diluted)
$-0.01

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
TRX
TRX
Q4 25
$13.3M
$25.1M
Q3 25
$12.9M
Q2 25
$12.0M
$12.5M
Q1 25
$11.7M
$9.1M
Q4 24
$11.6M
$12.5M
Q3 24
$11.8M
Q2 24
$10.0M
$10.1M
Q1 24
$9.9M
$8.0M
Net Profit
LSF
LSF
TRX
TRX
Q4 25
$-1.8M
$-496.0K
Q3 25
$-975.1K
Q2 25
$-362.2K
$1.1M
Q1 25
$-156.2K
$-1.9M
Q4 24
$-398.4K
$2.1M
Q3 24
$-166.1K
Q2 24
$-239.1K
$-1.7M
Q1 24
$-1.0M
$1.9M
Gross Margin
LSF
LSF
TRX
TRX
Q4 25
34.1%
56.6%
Q3 25
36.5%
Q2 25
39.9%
35.1%
Q1 25
41.9%
23.5%
Q4 24
38.6%
38.6%
Q3 24
43.0%
Q2 24
41.8%
42.9%
Q1 24
40.0%
41.0%
Operating Margin
LSF
LSF
TRX
TRX
Q4 25
-13.5%
Q3 25
-7.7%
Q2 25
-3.3%
Q1 25
-1.9%
Q4 24
-4.1%
Q3 24
-2.3%
Q2 24
-3.4%
Q1 24
-11.0%
Net Margin
LSF
LSF
TRX
TRX
Q4 25
-13.2%
-2.0%
Q3 25
-7.6%
Q2 25
-3.0%
8.9%
Q1 25
-1.3%
-21.3%
Q4 24
-3.4%
17.1%
Q3 24
-1.4%
Q2 24
-2.4%
-16.3%
Q1 24
-10.3%
24.1%
EPS (diluted)
LSF
LSF
TRX
TRX
Q4 25
$-0.01
Q3 25
Q2 25
$0.00
Q1 25
$-0.01
Q4 24
$0.00
Q3 24
Q2 24
$-0.01
Q1 24
$0.00

Balance Sheet & Financial Strength

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

Metric
LSF
LSF
TRX
TRX
Cash + ST InvestmentsLiquidity on hand
$5.1M
$9.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$11.5M
$74.5M
Total Assets
$19.2M
$129.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LSF
LSF
TRX
TRX
Q4 25
$5.1M
$9.2M
Q3 25
$5.1M
Q2 25
$3.9M
$3.6M
Q1 25
$7.0M
$6.0M
Q4 24
$8.3M
$6.8M
Q3 24
$7.9M
Q2 24
$7.6M
$7.7M
Q1 24
$7.1M
$8.0M
Stockholders' Equity
LSF
LSF
TRX
TRX
Q4 25
$11.5M
$74.5M
Q3 25
$12.8M
Q2 25
$13.4M
$69.0M
Q1 25
$13.3M
$67.5M
Q4 24
$13.2M
$68.4M
Q3 24
$13.1M
Q2 24
$12.6M
$62.5M
Q1 24
$12.7M
$63.9M
Total Assets
LSF
LSF
TRX
TRX
Q4 25
$19.2M
$129.6M
Q3 25
$18.9M
Q2 25
$20.4M
$112.3M
Q1 25
$21.5M
$106.7M
Q4 24
$19.3M
$102.6M
Q3 24
$18.8M
Q2 24
$18.0M
$92.6M
Q1 24
$17.6M
$88.2M

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
TRX
TRX
Operating Cash FlowLast quarter
$68.4K
$4.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LSF
LSF
TRX
TRX
Q4 25
$68.4K
$4.0M
Q3 25
$1.2M
Q2 25
$-2.8M
$3.4M
Q1 25
$-1.3M
$2.0M
Q4 24
$339.2K
$2.4M
Q3 24
$305.8K
Q2 24
$642.7K
$3.1M
Q1 24
$-422.3K
$1.0M
Cash Conversion
LSF
LSF
TRX
TRX
Q4 25
Q3 25
Q2 25
3.10×
Q1 25
Q4 24
1.11×
Q3 24
Q2 24
Q1 24
0.54×

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%

TRX
TRX

Segment breakdown not available.

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