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Side-by-side financial comparison of Laird Superfood, Inc. (LSF) and VersaBank (VBNK). Click either name above to swap in a different company.
VersaBank is the larger business by last-quarter revenue ($26.7M vs $13.3M, roughly 2.0× Laird Superfood, Inc.). VersaBank runs the higher net margin — 30.3% vs -13.2%, a 43.5% gap on every dollar of revenue. On growth, VersaBank posted the faster year-over-year revenue change (31.2% vs 15.0%). Over the past eight quarters, VersaBank's revenue compounded faster (16.6% 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.
VersaBank is a Canada-based digital-first financial institution offering commercial lending, high-interest deposit accounts and customized financial services for SMEs, retail clients and institutional partners across North America. It operates no physical branches, using secure digital infrastructure to deliver efficient, cost-effective banking experiences.
LSF vs VBNK — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $13.3M | $26.7M |
| Net Profit | $-1.8M | $8.1M |
| Gross Margin | 34.1% | — |
| Operating Margin | -13.5% | — |
| Net Margin | -13.2% | 30.3% |
| Revenue YoY | 15.0% | 31.2% |
| Net Profit YoY | -341.4% | 35.9% |
| 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.
| Q1 26 | — | $26.7M | ||
| Q4 25 | $13.3M | — | ||
| Q3 25 | $12.9M | $23.1M | ||
| Q2 25 | $12.0M | $22.0M | ||
| Q1 25 | $11.7M | $20.3M | ||
| Q4 24 | $11.6M | — | ||
| Q3 24 | $11.8M | $19.7M | ||
| Q2 24 | $10.0M | $20.8M |
| Q1 26 | — | $8.1M | ||
| Q4 25 | $-1.8M | — | ||
| Q3 25 | $-975.1K | $4.8M | ||
| Q2 25 | $-362.2K | $6.2M | ||
| Q1 25 | $-156.2K | $5.9M | ||
| Q4 24 | $-398.4K | — | ||
| Q3 24 | $-166.1K | $7.1M | ||
| Q2 24 | $-239.1K | $8.6M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | 30.3% | ||
| Q4 25 | -13.2% | — | ||
| Q3 25 | -7.6% | 20.8% | ||
| Q2 25 | -3.0% | 28.3% | ||
| Q1 25 | -1.3% | 29.3% | ||
| Q4 24 | -3.4% | — | ||
| Q3 24 | -1.4% | 35.9% | ||
| Q2 24 | -2.4% | 41.5% |
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 | $458.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $11.5M | $396.4M |
| Total Assets | $19.2M | $4.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $458.4M | ||
| Q4 25 | $5.1M | — | ||
| Q3 25 | $5.1M | $336.0M | ||
| Q2 25 | $3.9M | $248.3M | ||
| Q1 25 | $7.0M | $282.3M | ||
| Q4 24 | $8.3M | — | ||
| Q3 24 | $7.9M | $181.0M | ||
| Q2 24 | $7.6M | $145.1M |
| Q1 26 | — | $396.4M | ||
| Q4 25 | $11.5M | — | ||
| Q3 25 | $12.8M | $385.5M | ||
| Q2 25 | $13.4M | $385.7M | ||
| Q1 25 | $13.3M | $380.5M | ||
| Q4 24 | $13.2M | — | ||
| Q3 24 | $13.1M | $298.6M | ||
| Q2 24 | $12.6M | $292.1M |
| Q1 26 | — | $4.5B | ||
| Q4 25 | $19.2M | — | ||
| Q3 25 | $18.9M | $4.0B | ||
| Q2 25 | $20.4M | $3.7B | ||
| Q1 25 | $21.5M | $3.6B | ||
| Q4 24 | $19.3M | — | ||
| Q3 24 | $18.8M | $3.3B | ||
| Q2 24 | $18.0M | $3.2B |
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 | $40.6M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 5.03× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $40.6M | ||
| Q4 25 | $68.4K | — | ||
| Q3 25 | $1.2M | — | ||
| Q2 25 | $-2.8M | — | ||
| Q1 25 | $-1.3M | $-65.0M | ||
| Q4 24 | $339.2K | — | ||
| Q3 24 | $305.8K | — | ||
| Q2 24 | $642.7K | — |
| Q1 26 | — | 5.03× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -10.94× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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% |
VBNK
Segment breakdown not available.
