Lifeway Foods, Inc. (LWAY)

Lifeway Foods Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	188.28	186.82	160.12	141.57	119.07	102.03
Revenue Growth (YoY)	12.84%	16.67%	13.11%	18.90%	16.70%	8.93%
Cost of Revenue	137.22	135.4	115.06	112.35	87.6	72.01
Gross Profit	51.06	51.42	45.06	29.22	31.46	30.02
Selling, General & Admin	35.67	34.18	24.91	23.9	22.71	21.86
Operating Expenses	39.2	37.57	28.07	26.87	25.58	25.1
Operating Income	11.86	13.85	17	2.35	5.88	4.92
Interest Expense	-0.07	-0.11	-0.38	-0.27	-0.12	-0.12
Other Non Operating Income (Expenses)	0.29	0.23	0	-	-0.06	0.05
EBT Excluding Unusual Items	12.08	13.98	16.62	2.08	5.7	4.85
Gain (Loss) on Sale of Investments	3.35	-	-	-	0	0
Gain (Loss) on Sale of Assets	-0.01	-0.01	0.03	-0.24	-0.09	-0.03
Pretax Income	15.43	13.97	16.65	1.84	5.62	4.83
Income Tax Expense	5.29	4.94	5.28	0.92	2.31	1.6
Net Income	10.14	9.03	11.37	0.92	3.31	3.23
Net Income to Common	10.14	9.03	11.37	0.92	3.31	3.23
Net Income Growth	-21.79%	-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)	-1.10%	-0.97%	-3.91%	-0.35%	0.04%	-0.24%
EPS (Basic)	0.68	0.61	0.78	0.06	0.21	0.21
EPS (Diluted)	0.67	0.60	0.75	0.06	0.21	0.21
EPS Growth	-20.87%	-20.00%	1150.00%	-71.43%	1.34%	620.39%
Free Cash Flow	4.82	6.27	12.59	0.54	3.64	4.49
Free Cash Flow Per Share	0.32	0.42	0.83	0.03	0.23	0.28
Gross Margin	27.12%	27.52%	28.14%	20.64%	26.42%	29.42%
Operating Margin	6.30%	7.41%	10.61%	1.66%	4.94%	4.83%
Profit Margin	5.38%	4.83%	7.10%	0.65%	2.78%	3.17%
Free Cash Flow Margin	2.56%	3.35%	7.86%	0.38%	3.06%	4.40%
EBITDA	15.39	17.24	20.16	5.32	8.75	8.16
EBITDA Margin	8.17%	9.23%	12.59%	3.76%	7.35%	8.00%
D&A For EBITDA	3.53	3.39	3.16	2.97	2.87	3.24
EBIT	11.86	13.85	17	2.35	5.88	4.92
EBIT Margin	6.30%	7.41%	10.61%	1.66%	4.94%	4.83%
Effective Tax Rate	34.28%	35.39%	31.73%	49.81%	41.04%	33.06%
Advertising Expenses	-	5.45	3.73	3.35	3.27	2.41

Updated May 13, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q