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

Laird Superfood, Inc. is the larger business by last-quarter revenue ($13.3M vs $7.6M, roughly 1.8× Zedge, Inc.). Zedge, Inc. runs the higher net margin — 10.4% vs -13.2%, a 23.5% gap on every dollar of revenue. On growth, Laird Superfood, Inc. posted the faster year-over-year revenue change (15.0% vs 5.8%). Over the past eight quarters, Laird Superfood, Inc.'s revenue compounded faster (16.1% CAGR vs -1.0%).

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.

Zedge is a content distribution platform that provides consumers with a way to personalize their mobile devices. It has offices in Trondheim, Vilnius, and New York City.

LSF vs ZDGE — Head-to-Head

Bigger by revenue
LSF
LSF
1.8× larger
LSF
$13.3M
$7.6M
ZDGE
Growing faster (revenue YoY)
LSF
LSF
+9.2% gap
LSF
15.0%
5.8%
ZDGE
Higher net margin
ZDGE
ZDGE
23.5% more per $
ZDGE
10.4%
-13.2%
LSF
Faster 2-yr revenue CAGR
LSF
LSF
Annualised
LSF
16.1%
-1.0%
ZDGE

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
LSF
LSF
ZDGE
ZDGE
Revenue
$13.3M
$7.6M
Net Profit
$-1.8M
$788.0K
Gross Margin
34.1%
Operating Margin
-13.5%
12.0%
Net Margin
-13.2%
10.4%
Revenue YoY
15.0%
5.8%
Net Profit YoY
-341.4%
332.4%
EPS (diluted)
$0.06

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
ZDGE
ZDGE
Q4 25
$13.3M
$7.6M
Q3 25
$12.9M
$7.5M
Q2 25
$12.0M
$7.8M
Q1 25
$11.7M
$7.0M
Q4 24
$11.6M
$7.2M
Q3 24
$11.8M
$7.6M
Q2 24
$10.0M
$7.7M
Q1 24
$9.9M
$7.8M
Net Profit
LSF
LSF
ZDGE
ZDGE
Q4 25
$-1.8M
$788.0K
Q3 25
$-975.1K
$-559.0K
Q2 25
$-362.2K
$185.0K
Q1 25
$-156.2K
$-1.7M
Q4 24
$-398.4K
$-339.0K
Q3 24
$-166.1K
$-39.0K
Q2 24
$-239.1K
$113.0K
Q1 24
$-1.0M
$-9.2M
Gross Margin
LSF
LSF
ZDGE
ZDGE
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
ZDGE
ZDGE
Q4 25
-13.5%
12.0%
Q3 25
-7.7%
-9.6%
Q2 25
-3.3%
2.1%
Q1 25
-1.9%
-31.8%
Q4 24
-4.1%
-6.4%
Q3 24
-2.3%
-0.8%
Q2 24
-3.4%
-1.7%
Q1 24
-11.0%
-153.5%
Net Margin
LSF
LSF
ZDGE
ZDGE
Q4 25
-13.2%
10.4%
Q3 25
-7.6%
-7.5%
Q2 25
-3.0%
2.4%
Q1 25
-1.3%
-24.1%
Q4 24
-3.4%
-4.7%
Q3 24
-1.4%
-0.5%
Q2 24
-2.4%
1.5%
Q1 24
-10.3%
-118.8%
EPS (diluted)
LSF
LSF
ZDGE
ZDGE
Q4 25
$0.06
Q3 25
$-0.04
Q2 25
$0.01
Q1 25
$-0.12
Q4 24
$-0.02
Q3 24
$0.00
Q2 24
$0.01
Q1 24
$-0.66

Balance Sheet & Financial Strength

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

Metric
LSF
LSF
ZDGE
ZDGE
Cash + ST InvestmentsLiquidity on hand
$5.1M
$18.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$11.5M
$25.9M
Total Assets
$19.2M
$36.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LSF
LSF
ZDGE
ZDGE
Q4 25
$5.1M
$18.5M
Q3 25
$5.1M
$18.6M
Q2 25
$3.9M
$20.4M
Q1 25
$7.0M
$20.1M
Q4 24
$8.3M
$20.2M
Q3 24
$7.9M
$20.0M
Q2 24
$7.6M
$19.9M
Q1 24
$7.1M
$18.1M
Stockholders' Equity
LSF
LSF
ZDGE
ZDGE
Q4 25
$11.5M
$25.9M
Q3 25
$12.8M
$25.9M
Q2 25
$13.4M
$28.6M
Q1 25
$13.3M
$28.2M
Q4 24
$13.2M
$30.1M
Q3 24
$13.1M
$30.9M
Q2 24
$12.6M
$30.9M
Q1 24
$12.7M
$30.7M
Total Assets
LSF
LSF
ZDGE
ZDGE
Q4 25
$19.2M
$36.0M
Q3 25
$18.9M
$35.7M
Q2 25
$20.4M
$37.8M
Q1 25
$21.5M
$37.1M
Q4 24
$19.3M
$38.2M
Q3 24
$18.8M
$38.2M
Q2 24
$18.0M
$38.1M
Q1 24
$17.6M
$37.1M

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
ZDGE
ZDGE
Operating Cash FlowLast quarter
$68.4K
$825.0K
Free Cash FlowOCF − Capex
$808.0K
FCF MarginFCF / Revenue
10.6%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
1.05×
TTM Free Cash FlowTrailing 4 quarters
$3.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LSF
LSF
ZDGE
ZDGE
Q4 25
$68.4K
$825.0K
Q3 25
$1.2M
$674.0K
Q2 25
$-2.8M
$870.0K
Q1 25
$-1.3M
$708.0K
Q4 24
$339.2K
$1.2M
Q3 24
$305.8K
$695.0K
Q2 24
$642.7K
$2.3M
Q1 24
$-422.3K
$1.6M
Free Cash Flow
LSF
LSF
ZDGE
ZDGE
Q4 25
$808.0K
Q3 25
$640.0K
Q2 25
$851.0K
Q1 25
$689.0K
Q4 24
$1.2M
Q3 24
$683.0K
Q2 24
$2.3M
Q1 24
$1.6M
FCF Margin
LSF
LSF
ZDGE
ZDGE
Q4 25
10.6%
Q3 25
8.6%
Q2 25
11.0%
Q1 25
9.9%
Q4 24
16.1%
Q3 24
9.0%
Q2 24
30.4%
Q1 24
20.0%
Capex Intensity
LSF
LSF
ZDGE
ZDGE
Q4 25
0.2%
Q3 25
0.5%
Q2 25
0.2%
Q1 25
0.3%
Q4 24
0.2%
Q3 24
0.2%
Q2 24
0.2%
Q1 24
0.0%
Cash Conversion
LSF
LSF
ZDGE
ZDGE
Q4 25
1.05×
Q3 25
Q2 25
4.70×
Q1 25
Q4 24
Q3 24
Q2 24
20.73×
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%

ZDGE
ZDGE

Zedge Marketplace$7.1M94%
Other$468.0K6%

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