Lifeway Foods, Inc. (LWAY)

Lifeway Foods Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	212.5	186.82	160.12	141.57	119.07
Revenue Growth (YoY)	13.74%	16.67%	13.11%	18.90%	16.70%
Cost of Revenue	154.29	138.25	117.68	114.78	90.36
Gross Profit	58.21	48.57	42.44	26.79	28.71
Selling, General & Admin	41.49	34.18	24.91	23.9	22.71
Depreciation & Amortization Expenses	3.98	3.39	3.16	2.97	2.87
Total Operating Expenses	45.47	37.57	28.07	26.87	25.58
Operating Income	16.17	13.85	17	2.35	5.88
Interest Expense	-0.08	-0.11	-0.38	-0.27	-0.12
Other Non-Operating Income (Expense)	3.59	0.22	0.04	-0.24	-0.15
Total Non-Operating Income (Expense)	3.51	0.12	-0.35	-0.51	-0.26
Pretax Income	19.69	13.97	16.65	1.84	5.62
Provision for Income Taxes	5.83	4.94	5.28	0.92	2.31
Net Income	13.86	9.03	11.37	0.92	3.31
Net Income to Common	13.86	9.03	11.37	0.92	3.31
Net Income Growth	53.56%	-20.60%	1130.19%	-72.09%	2.44%
Shares Outstanding (Basic)	15	15	15	15	16
Shares Outstanding (Diluted)	16	15	15	16	16
Shares Change (YoY)	2.70%	0.18%	-3.91%	-0.35%	0.04%
EPS (Basic)	0.91	0.61	0.77	0.06	0.21
EPS (Diluted)	0.89	0.60	0.75	0.06	0.21
EPS Growth	48.33%	-20.00%	1150.00%	-71.43%	-
Shares Outstanding	15.23	15.1	14.69	14.65	0.02
Free Cash Flow	-16.41	6.27	12.59	0.54	3.64
Free Cash Flow Growth	-	-50.24%	2240.15%	-85.23%	-18.89%
Free Cash Flow Per Share	-1.06	0.41	0.83	0.03	0.23
Gross Margin	27.39%	26.00%	26.51%	18.92%	24.11%
Operating Margin	7.61%	7.41%	10.61%	1.66%	4.94%
Profit Margin	6.52%	4.83%	7.10%	0.65%	2.78%
FCF Margin	-7.72%	3.35%	7.86%	0.38%	3.06%
EBITDA	20.15	17.24	20.16	5.32	8.75
EBITDA Margin	9.48%	9.23%	12.59%	3.76%	7.35%
EBIT	16.17	13.85	17	2.35	5.88
EBIT Margin	7.61%	7.41%	10.61%	1.66%	4.94%
Effective Tax Rate	29.60%	35.39%	31.73%	49.81%	41.04%

Updated Mar 17, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q