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Side-by-side financial comparison of Lifeway Foods, Inc. (LWAY) and ATRenew Inc. (RERE). Click either name above to swap in a different company.

Lifeway Foods, Inc. is the larger business by last-quarter revenue ($55.4M vs $43.2M, roughly 1.3× ATRenew Inc.). ATRenew Inc. runs the higher net margin — 16.9% vs 4.6%, a 12.3% gap on every dollar of revenue.

Lifeway Foods is an Illinois-based health food company founded in 1986. They are a leading U.S. supplier of kefir and fermented probiotic products to support the microbiome.

ATRenew Inc. operates a leading pre-owned consumer electronics transaction and servicing ecosystem primarily in China. Its core services include end-to-end device recycling, professional quality inspection, certified refurbishment, and resale of smartphones, laptops, tablets and other digital products, serving both individual consumers and enterprise clients across domestic and select Southeast Asian markets.

LWAY vs RERE — Head-to-Head

Bigger by revenue
LWAY
LWAY
1.3× larger
LWAY
$55.4M
$43.2M
RERE
Higher net margin
RERE
RERE
12.3% more per $
RERE
16.9%
4.6%
LWAY

Income Statement — Q4 FY2025 vs Q1 FY2023

Metric
LWAY
LWAY
RERE
RERE
Revenue
$55.4M
$43.2M
Net Profit
$2.5M
$7.3M
Gross Margin
27.8%
Operating Margin
6.8%
Net Margin
4.6%
16.9%
Revenue YoY
18.0%
Net Profit YoY
1688.1%
EPS (diluted)
$0.15

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
LWAY
LWAY
RERE
RERE
Q4 25
$55.4M
Q3 25
$57.1M
Q2 25
$53.9M
Q1 25
$46.1M
Q4 24
$46.9M
Q3 24
$46.1M
Q2 24
$49.2M
Q1 24
$44.6M
Net Profit
LWAY
LWAY
RERE
RERE
Q4 25
$2.5M
Q3 25
$3.5M
Q2 25
$4.2M
Q1 25
$3.5M
Q4 24
$-160.0K
Q3 24
$3.0M
Q2 24
$3.8M
Q1 24
$2.4M
Gross Margin
LWAY
LWAY
RERE
RERE
Q4 25
27.8%
Q3 25
28.7%
Q2 25
28.6%
Q1 25
23.9%
Q4 24
25.3%
Q3 24
25.7%
Q2 24
27.0%
Q1 24
25.8%
Operating Margin
LWAY
LWAY
RERE
RERE
Q4 25
6.8%
Q3 25
8.8%
Q2 25
10.8%
Q1 25
3.4%
Q4 24
1.5%
Q3 24
9.1%
Q2 24
11.0%
Q1 24
8.0%
Net Margin
LWAY
LWAY
RERE
RERE
Q4 25
4.6%
Q3 25
6.2%
Q2 25
7.9%
Q1 25
7.7%
Q4 24
-0.3%
Q3 24
6.5%
Q2 24
7.7%
Q1 24
5.4%
EPS (diluted)
LWAY
LWAY
RERE
RERE
Q4 25
$0.15
Q3 25
$0.23
Q2 25
$0.28
Q1 25
$0.23
Q4 24
$0.00
Q3 24
$0.19
Q2 24
$0.25
Q1 24
$0.16

Balance Sheet & Financial Strength

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

Metric
LWAY
LWAY
RERE
RERE
Cash + ST InvestmentsLiquidity on hand
$5.6M
$228.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$85.8M
$557.1M
Total Assets
$105.6M
$722.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LWAY
LWAY
RERE
RERE
Q4 25
$5.6M
Q3 25
$23.0M
Q2 25
$21.2M
Q1 25
$19.4M
Q4 24
$16.7M
Q3 24
$20.6M
Q2 24
$14.6M
Q1 24
$12.0M
Total Debt
LWAY
LWAY
RERE
RERE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$2.5M
Stockholders' Equity
LWAY
LWAY
RERE
RERE
Q4 25
$85.8M
Q3 25
$82.8M
Q2 25
$78.7M
Q1 25
$74.2M
Q4 24
$71.9M
Q3 24
$71.5M
Q2 24
$68.0M
Q1 24
$63.5M
Total Assets
LWAY
LWAY
RERE
RERE
Q4 25
$105.6M
Q3 25
$109.5M
Q2 25
$98.3M
Q1 25
$93.7M
Q4 24
$90.5M
Q3 24
$91.3M
Q2 24
$84.9M
Q1 24
$82.8M
Debt / Equity
LWAY
LWAY
RERE
RERE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
0.04×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LWAY
LWAY
RERE
RERE
Operating Cash FlowLast quarter
$267.0K
Free Cash FlowOCF − Capex
$-17.4M
FCF MarginFCF / Revenue
-31.5%
Capex IntensityCapex / Revenue
31.9%
Cash ConversionOCF / Net Profit
0.11×
TTM Free Cash FlowTrailing 4 quarters
$-16.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LWAY
LWAY
RERE
RERE
Q4 25
$267.0K
Q3 25
$6.9M
Q2 25
$3.9M
Q1 25
$-150.0K
Q4 24
$-2.6M
Q3 24
$7.5M
Q2 24
$6.5M
Q1 24
$1.5M
Free Cash Flow
LWAY
LWAY
RERE
RERE
Q4 25
$-17.4M
Q3 25
$1.8M
Q2 25
$1.6M
Q1 25
$-2.4M
Q4 24
$-3.8M
Q3 24
$5.9M
Q2 24
$5.1M
Q1 24
$-923.0K
FCF Margin
LWAY
LWAY
RERE
RERE
Q4 25
-31.5%
Q3 25
3.1%
Q2 25
3.0%
Q1 25
-5.1%
Q4 24
-8.2%
Q3 24
12.8%
Q2 24
10.4%
Q1 24
-2.1%
Capex Intensity
LWAY
LWAY
RERE
RERE
Q4 25
31.9%
Q3 25
9.0%
Q2 25
4.3%
Q1 25
4.8%
Q4 24
2.7%
Q3 24
3.3%
Q2 24
2.9%
Q1 24
5.5%
Cash Conversion
LWAY
LWAY
RERE
RERE
Q4 25
0.11×
Q3 25
1.96×
Q2 25
0.92×
Q1 25
-0.04×
Q4 24
Q3 24
2.50×
Q2 24
1.73×
Q1 24
0.64×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

LWAY
LWAY

Drinkable Kefirotherthan Pro Bugs$47.8M86%
Cheese$4.7M8%
Cream And Other$1.7M3%
Other$1.2M2%

RERE
RERE

Segment breakdown not available.

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