Lifeway Foods Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	204.07	186.82	160.12	141.57	119.07	102.03
Revenue Growth (YoY)	12.14%	16.67%	13.11%	18.90%	16.70%	8.93%
Cost of Revenue	146.02	135.4	115.06	112.35	87.6	72.01
Gross Profit	58.05	51.42	45.06	29.22	31.46	30.02
Selling, General & Admin	41.08	34.18	24.91	23.9	22.71	21.86
Amortization of Goodwill & Intangibles	0.54	0.54	0.54	0.54	0.12	0.15
Operating Expenses	44.93	37.57	28.07	26.87	25.58	25.1
Operating Income	13.12	13.85	17	2.35	5.88	4.92
Interest Expense	-0.06	-0.11	-0.38	-0.27	-0.12	-0.12
Other Non Operating Income (Expenses)	0.31	0.23	0	-	-0.06	0.05
EBT Excluding Unusual Items	13.37	13.98	16.62	2.08	5.7	4.85
Gain (Loss) on Sale of Investments	3.39	-	-	-	0	0
Gain (Loss) on Sale of Assets	-0.01	-0.01	0.03	-0.24	-0.09	-0.03
Pretax Income	16.75	13.97	16.65	1.84	5.62	4.83
Income Tax Expense	5.59	4.94	5.28	0.92	2.31	1.6
Net Income	11.16	9.03	11.37	0.92	3.31	3.23
Net Income to Common	11.16	9.03	11.37	0.92	3.31	3.23
Net Income Growth	-15.17%	-20.60%	1130.19%	-72.09%	2.44%	613.47%
Shares Outstanding (Basic)	15	15	15	15	16	16
Shares Outstanding (Diluted)	15	15	15	16	16	16
Shares Change (YoY)	-0.62%	-0.97%	-3.91%	-0.35%	0.04%	-0.24%
EPS (Basic)	0.74	0.61	0.78	0.06	0.21	0.21
EPS (Diluted)	0.74	0.60	0.75	0.06	0.21	0.21
EPS Growth	-14.05%	-20.00%	1150.00%	-71.43%	1.34%	620.39%
Free Cash Flow	-2.83	6.27	12.59	0.54	3.64	4.49
Free Cash Flow Per Share	-0.19	0.42	0.83	0.03	0.23	0.28
Gross Margin	28.45%	27.52%	28.14%	20.64%	26.42%	29.42%
Operating Margin	6.43%	7.41%	10.61%	1.66%	4.94%	4.83%
Profit Margin	5.47%	4.83%	7.10%	0.65%	2.78%	3.17%
Free Cash Flow Margin	-1.38%	3.35%	7.86%	0.38%	3.06%	4.40%
EBITDA	16.97	17.24	20.16	5.32	8.75	8.16
EBITDA Margin	8.32%	9.23%	12.59%	3.76%	7.35%	8.00%
D&A For EBITDA	3.85	3.39	3.16	2.97	2.87	3.24
EBIT	13.12	13.85	17	2.35	5.88	4.92
EBIT Margin	6.43%	7.41%	10.61%	1.66%	4.94%	4.83%
Effective Tax Rate	33.37%	35.39%	31.73%	49.81%	41.04%	33.06%
Advertising Expenses	-	5.45	3.73	3.35	3.27	2.41

Source: S&P Global Market Intelligence. Standard template. Financial Sources.