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LIFEWAY FOODS INC

EDGAR
LWAY Quarterly report (10-Q) · filed 2026-08-13

Annual consolidated revenue for 2025: about USD 212.5M, using the latest reported figures. The previous period, 2024, was about USD 186.8M.

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Watchlist

Latest quarter

Revenue

66.9 million USD

2026 Q2 · USD

Exact inputs and evidence

Operating margin

0.9%

2026 Q2 · %

Exact inputs and evidence
  • Operating Income: 600000 USD Source
  • Revenue: 66893000 USD Source

Operating cash flow

-339 thousand USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: 4039000 USD Source
  • Operating Cash Flow: 4378000 USD Source

Free cash flow

-8.8 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: 4039000 USD Source
  • Operating Cash Flow: 4378000 USD Source
  • Capital Expenditure: 19505000 USD Source
  • Capital Expenditure: 11041000 USD Source
Cash and cash equivalents
7.09 million USD Source
Exact value

7087000 USD

Long-term debt including current maturities
2.5 million USD Source
Exact value

2500000 USD

Shares outstanding
15.1 million shares Source
Exact value

15105000 shares

Reported share-count change

-0.76% · -116 thousand shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 15221000 shares · 2025-06-30· Source
  • 15105000 shares · 2026-06-30· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

242 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Revenue: 57143000 USD · 2025-07-01 – 2025-09-30 Source
  • Revenue: 212496000 USD · 2025-01-01 – 2025-12-31 Source
  • Revenue: 157135000 USD · 2025-01-01 – 2025-09-30 Source
  • Revenue: 63012000 USD · 2026-01-01 – 2026-03-31 Source
  • Revenue: 66893000 USD · 2026-04-01 – 2026-06-30 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-08-13.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 10 of 11 periods available· newest 2025-12-31
  • Operating income: 11 of 11 periods available· newest 2025-12-31
  • Net income: 11 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 11 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 11 of 11 periods available· newest 2025-12-31
  • Total assets: 10 of 11 periods available· newest 2025-12-31
  • Total liabilities: 10 of 11 periods available· newest 2025-12-31
  • Current assets: 10 of 11 periods available· newest 2025-12-31
  • Current liabilities: 10 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 10 of 11 periods available· newest 2025-12-31
  • Long-term debt including current maturities: 6 of 11 periods available· newest 2023-12-31
  • Shares outstanding: 10 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +13.7%

    Prior period

    USD 186.82 million

    –

    Current period

    USD 212.5 million

    –

    Exact inputs and evidence

    212496000 − 186820000 = 25676000 USD

    186820000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    212496000 USD · 2025-01-01 – 2025-12-31

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  • Net income

    +53.6%

    Prior period

    USD 9.03 million

    –

    Current period

    USD 13.86 million

    –

    Exact inputs and evidence

    13859000 − 9025000 = 4834000 USD

    9025000 USD · 2024-01-01 – 2024-12-31

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    13859000 USD · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    -15.5%

    Prior period

    USD 12.96 million

    –

    Current period

    USD 10.95 million

    –

    Exact inputs and evidence

    10948000 − 12962000 = -2014000 USD

    12962000 USD · 2024-01-01 – 2024-12-31

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    10948000 USD · 2025-01-01 – 2025-12-31

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  • Capital expenditure

    +308.6%

    Prior period

    USD 6.7 million

    –

    Current period

    USD 27.36 million

    –

    Exact inputs and evidence

    27361000 − 6697000 = 20664000 USD

    6697000 USD · 2024-01-01 – 2024-12-31

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    27361000 USD · 2025-01-01 – 2025-12-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 212.5 million 100% of revenue
  • Cost of revenue USD 154.29 million 73% of revenue
  • Operating expenses USD 42.03 million 20% of revenue
  • Operating income USD 16.17 million 7.6% of revenue
  • Tax, interest and other Derived USD 2.31 million 1.1% of revenue
  • Net income USD 13.86 million 6.5% of revenue

Cash

  • Operating cash flow USD 10.95 million 5.2% of revenue
  • Capital expenditure USD 27.36 million 13% of revenue
  • Free cash flow Derived −USD 16.41 million −7.7% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2017 Operating loss: operating costs were 100% of revenue.
  • 2018 Operating loss: operating costs were 103% of revenue.
  • 2019 Operating loss: operating costs were 102% of revenue.
  • 2020 95%
  • 2021 95%
  • 2022 98%
  • 2023 89%
  • 2024 93%
  • 2025 92%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2017 2017-01-01 – 2017-12-31118893000 119419000 Derived -526000 -180000 Derived -346000 -1533000 Derived
Source
2018 2018-01-01 – 2018-12-31103350000 106460000 Derived -3110000 -24000 Derived -3086000 -407000 Derived
Source
2019 2019-01-01 – 2019-12-3193662000 95595000 Derived -1933000 -2386000 Derived 453000 2633000 Derived
Source
2020 2020-01-01 – 2020-12-31102026000 97103000 Derived 4923000 1691000 Derived 3232000 4490000 Derived
Source
2021 2021-01-01 – 2021-12-31119065000 113185000 Derived 5880000 2569000 Derived 3311000 3642000 Derived
Source
2022 2022-01-01 – 2022-12-31141568000 139219000 Derived 2349000 1425000 Derived 924000 538000 Derived
Source
2023 2023-01-01 – 2023-12-31160123000 143128000 Derived 16995000 5628000 Derived 11367000 12590000 Derived
Source
2024 2024-01-01 – 2024-12-31186820000 172968000 Derived 13852000 4827000 Derived 9025000 6265000 Derived
Source
2025 2025-01-01 – 2025-12-31212496000 196324000 Derived 16172000 2313000 Derived 13859000 -16413000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 212.5M 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.229.5M172.1M114.7M57.4M0.0201520212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2015Revenue137244000
2017Revenue118893000
2018Revenue103350000
2019Revenue93662000
2020Revenue102026000
2021Revenue119065000
2022Revenue141568000
2023Revenue160123000
2024Revenue186820000
2025Revenue212496000

Revenue growth

Change in revenue from the same financial period one year earlier.

13.7% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.21.5%12.2%2.9%-6.4%-15.6%201520212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2015Year over yearNo prior comparable period
2017Year over yearNo prior comparable period
2018Year over year-13.1%
2019Year over year-9.4%
2020Year over year8.9%
2021Year over year16.7%
2022Year over year18.9%
2023Year over year13.1%
2024Year over year16.7%
2025Year over year13.7%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 7.6% 2025
Net margin 6.5% 2025
Free cash flow margin -7.7% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.12.1%6.8%1.4%-3.9%-9.2%201520212025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2015Operating margin3.2%
2017Operating margin-0.4%
2018Operating margin-3%
2019Operating margin-2.1%
2020Operating margin4.8%
2021Operating margin4.9%
2022Operating margin1.7%
2023Operating margin10.6%
2024Operating margin7.4%
2025Operating margin7.6%
2015Net margin1.4%
2017Net margin-0.3%
2018Net margin-3%
2019Net margin0.5%
2020Net margin3.2%
2021Net margin2.8%
2022Net margin0.7%
2023Net margin7.1%
2024Net margin4.8%
2025Net margin6.5%
2015Free cash flow marginNot reported
2017Free cash flow margin-1.3%
2018Free cash flow margin-0.4%
2019Free cash flow margin2.8%
2020Free cash flow margin4.4%
2021Free cash flow margin3.1%
2022Free cash flow margin0.4%
2023Free cash flow margin7.9%
2024Free cash flow margin3.4%
2025Free cash flow margin-7.7%

Operating cash flow

Cash generated by the company’s normal business operations.

USD 10.9M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.18.3M13.7M9.1M4.6M0.0201520212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2015Operating cash flowNot reportedNo source recorded
2017Operating cash flow3808000
2018Operating cash flow2417000
2019Operating cash flow3811000
2020Operating cash flow6385000
2021Operating cash flow5564000
2022Operating cash flow3987000
2023Operating cash flow16941000
2024Operating cash flow12962000
2025Operating cash flow10948000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD -16.4M 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.14.9M6.5M-1.9M-10.3M-18.7M201520212025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2015Free cash flowUnavailableNo source recorded
2017Free cash flow-1533000
2018Free cash flow-407000
2019Free cash flow2633000
2020Free cash flow4490000
2021Free cash flow3642000
2022Free cash flow538000
2023Free cash flow12590000
2024Free cash flow6265000
2025Free cash flow-16413000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

18.7% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.33.5%25.2%16.8%8.4%0.0%201520212025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2015Liabilities / assets30.3%
2017Liabilities / assets27.8%
2018Liabilities / assets25.4%
2019Liabilities / assets24.1%
2020Liabilities / assets23.5%
2021Liabilities / assets30.7%
2022Liabilities / assets31.1%
2023Liabilities / assets26%
2024Liabilities / assets20.6%
2025Liabilities / assets18.7%

Current assets to current liabilities

Current assets divided by current liabilities.

2.23× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.08×2.31×1.54×0.77×0.00×201520212025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2015Current assets / current liabilities2.5×
2017Current assets / current liabilities1.87×
2018Current assets / current liabilities2.54×
2019Current assets / current liabilities2.02×
2020Current assets / current liabilities2.85×
2021Current assets / current liabilities2.41×
2022Current assets / current liabilities2.07×
2023Current assets / current liabilities2.3×
2024Current assets / current liabilities2.81×
2025Current assets / current liabilities2.23×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2016-01-01 – 2016-12-31
USD 3.48 million
Exact value

Exact value: 3479000 USD

2016-01-01 – 2016-12-31: 3479000 USD Inspect Net Income Open source
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USD 5.1 million
Exact value

Exact value: 5104000 USD

2016-01-01 – 2016-12-31: 5104000 USD Inspect Operating Cash Flow Open source
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USD 3.24 million
Exact value

Exact value: 3237000 USD

2016-01-01 – 2016-12-31: 3237000 USD Inspect Capital Expenditure Open source
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USD 1.87 million
Calculation and evidence

5104000 − 3237000 USD

Exact free cash flow: 1867000 USD

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2017 2017-01-01 – 2017-12-31
−USD 346,000
Exact value

Exact value: -346000 USD

2017-01-01 – 2017-12-31: -346000 USD Inspect Net Income Open source
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USD 3.81 million
Exact value

Exact value: 3808000 USD

2017-01-01 – 2017-12-31: 3808000 USD Inspect Operating Cash Flow Open source
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USD 5.34 million
Exact value

Exact value: 5341000 USD

2017-01-01 – 2017-12-31: 5341000 USD Inspect Capital Expenditure Open source
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−USD 1.53 million
Calculation and evidence

3808000 − 5341000 USD

Exact free cash flow: -1533000 USD

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2018 2018-01-01 – 2018-12-31
−USD 3.09 million
Exact value

Exact value: -3086000 USD

2018-01-01 – 2018-12-31: -3086000 USD Inspect Net Income Open source
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USD 2.42 million
Exact value

Exact value: 2417000 USD

2018-01-01 – 2018-12-31: 2417000 USD Inspect Operating Cash Flow Open source
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USD 2.82 million
Exact value

Exact value: 2824000 USD

2018-01-01 – 2018-12-31: 2824000 USD Inspect Capital Expenditure Open source
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−USD 407,000
Calculation and evidence

2417000 − 2824000 USD

Exact free cash flow: -407000 USD

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2019 2019-01-01 – 2019-12-31
USD 453,000
Exact value

Exact value: 453000 USD

2019-01-01 – 2019-12-31: 453000 USD Inspect Net Income Open source
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USD 3.81 million
Exact value

Exact value: 3811000 USD

2019-01-01 – 2019-12-31: 3811000 USD Inspect Operating Cash Flow Open source
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USD 1.18 million
Exact value

Exact value: 1178000 USD

2019-01-01 – 2019-12-31: 1178000 USD Inspect Capital Expenditure Open source
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USD 2.63 million
Calculation and evidence

3811000 − 1178000 USD

Exact free cash flow: 2633000 USD

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2020 2020-01-01 – 2020-12-31
USD 3.23 million
Exact value

Exact value: 3232000 USD

2020-01-01 – 2020-12-31: 3232000 USD Inspect Net Income Open source
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USD 6.39 million
Exact value

Exact value: 6385000 USD

2020-01-01 – 2020-12-31: 6385000 USD Inspect Operating Cash Flow Open source
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USD 1.9 million
Exact value

Exact value: 1895000 USD

2020-01-01 – 2020-12-31: 1895000 USD Inspect Capital Expenditure Open source
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USD 4.49 million
Calculation and evidence

6385000 − 1895000 USD

Exact free cash flow: 4490000 USD

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2021 2021-01-01 – 2021-12-31
USD 3.31 million
Exact value

Exact value: 3311000 USD

2021-01-01 – 2021-12-31: 3311000 USD Inspect Net Income Open source
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USD 5.56 million
Exact value

Exact value: 5564000 USD

2021-01-01 – 2021-12-31: 5564000 USD Inspect Operating Cash Flow Open source
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USD 1.92 million
Exact value

Exact value: 1922000 USD

2021-01-01 – 2021-12-31: 1922000 USD Inspect Capital Expenditure Open source
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USD 3.64 million
Calculation and evidence

5564000 − 1922000 USD

Exact free cash flow: 3642000 USD

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2022 2022-01-01 – 2022-12-31
USD 924,000
Exact value

Exact value: 924000 USD

2022-01-01 – 2022-12-31: 924000 USD Inspect Net Income Open source
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USD 3.99 million
Exact value

Exact value: 3987000 USD

2022-01-01 – 2022-12-31: 3987000 USD Inspect Operating Cash Flow Open source
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USD 3.45 million
Exact value

Exact value: 3449000 USD

2022-01-01 – 2022-12-31: 3449000 USD Inspect Capital Expenditure Open source
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USD 538,000
Calculation and evidence

3987000 − 3449000 USD

Exact free cash flow: 538000 USD

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2023 2023-01-01 – 2023-12-31
USD 11.37 million
Exact value

Exact value: 11367000 USD

2023-01-01 – 2023-12-31: 11367000 USD Inspect Net Income Open source
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USD 16.94 million
Exact value

Exact value: 16941000 USD

2023-01-01 – 2023-12-31: 16941000 USD Inspect Operating Cash Flow Open source
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USD 4.35 million
Exact value

Exact value: 4351000 USD

2023-01-01 – 2023-12-31: 4351000 USD Inspect Capital Expenditure Open source
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USD 12.59 million
Calculation and evidence

16941000 − 4351000 USD

Exact free cash flow: 12590000 USD

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2024 2024-01-01 – 2024-12-31
USD 9.03 million
Exact value

Exact value: 9025000 USD

2024-01-01 – 2024-12-31: 9025000 USD Inspect Net Income Open source
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USD 12.96 million
Exact value

Exact value: 12962000 USD

2024-01-01 – 2024-12-31: 12962000 USD Inspect Operating Cash Flow Open source
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USD 6.7 million
Exact value

Exact value: 6697000 USD

2024-01-01 – 2024-12-31: 6697000 USD Inspect Capital Expenditure Open source
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USD 6.27 million
Calculation and evidence

12962000 − 6697000 USD

Exact free cash flow: 6265000 USD

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2025 2025-01-01 – 2025-12-31
USD 13.86 million
Exact value

Exact value: 13859000 USD

2025-01-01 – 2025-12-31: 13859000 USD Inspect Net Income Open source
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USD 10.95 million
Exact value

Exact value: 10948000 USD

2025-01-01 – 2025-12-31: 10948000 USD Inspect Operating Cash Flow Open source
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USD 27.36 million
Exact value

Exact value: 27361000 USD

2025-01-01 – 2025-12-31: 27361000 USD Inspect Capital Expenditure Open source
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−USD 16.41 million
Calculation and evidence

10948000 − 27361000 USD

Exact free cash flow: -16413000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

174 filings · 5,062 latest values · 5,062 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0000814586, 814586, LWAY, edgar:814586

Also known as LIFEWAY FOODS INC, LIFEWAY FOODS, INC, LIFEWAY FOODS, INC., Lifeway Foods, Inc.