One-glance verdict
Within fair range
$2.86 our estimate vs market $2.67
Wall Street consensus: $7.17 (150.2% higher than our fair-value estimate)
7% below our estimate
Fundamentals snapshot
Laird Superfood, Inc.
LSF · ASE · Consumer Defensive · Packaged Foods
Current price
$2.67
52-week range
$1.96 - $5.11
Market cap
$29.89M
Balance sheet
Healthy
-70.10x Concerning
Net cash $19.21M. Interest coverage shows how many times profit covers the interest bill.
What stands out
2 Rewards
1 Risk
2 rewards · 1 risks
- Reward Revenue grew 63.3% last year.
- Reward Free cash flow was positive in 1/10 years.
- Risk Return on equity was -4.1% last year — the company lost money on shareholders' equity.
What this company does
Laird Superfood, Inc.
Laird Superfood makes and sells plant-based foods and drinks, like coffee creamers and hot chocolate, with a focus on functional ingredients. Most of its money comes from selling these products directly to customers online, which helps them maintain good profit margins (the percentage of each sales dollar left after paying for the ingredients and making the product). This direct sales approach is important because it allows the company to connect with its customers and build loyalty.
How the company got here
Laird Superfood was founded in 2015 by big-wave surfer Laird Hamilton and his friend Paul Hodge. Hamilton was looking for ways to boost his energy using natural foods, and he started by adding plant-based fats to his coffee. This led to the creation of the company's first product, the Original Superfood Creamer. The company's mission is to provide nourishing, plant-based foods that help people perform at their best. In 2020, Danone Manifesto Ventures invested $10 million in Laird Superfood, seeing a shared vision for a healthy and sustainable future of food. More recently, in late 2025, Nexus Capital Management invested $50 million and acquired Navitas Organics, a move aimed at expanding Laird Superfood's presence in the superfoods and wellness market.
What it actually does
Laird Superfood creates and sells a variety of plant-based food and beverage products designed to enhance wellness and energy. Their products are made with natural, functional ingredients and are minimally processed. The company focuses on providing 'clean' foods that are good for both people and the planet. These products are intended to be part of a daily ritual that fuels an active lifestyle.
Superfood Creamers
This is the company's flagship product line and a significant portion of its sales. Laird Superfood offers a range of powdered and liquid coffee creamers made with plant-based ingredients like coconut milk powder and healthy oils. These creamers are designed to add flavor and nutritional benefits to coffee, without dairy or artificial ingredients. They come in various flavors, including Sweet & Creamy, Turmeric, Mocha, and Vanilla, with some varieties including added functional ingredients like adaptogens or mushrooms.
Coffee, Tea, and Hot Chocolate
Laird Superfood also offers a selection of coffee, tea, and hot chocolate products, often enhanced with functional ingredients. This includes instant coffee blends designed for specific benefits like 'Perform,' 'Digest,' or 'Focus,' as well as instant latte mixes and hot chocolate with added mushrooms. These products aim to provide a convenient and healthy way to enjoy warm beverages while incorporating superfood benefits.
Hydration and Beverage Enhancing Products
This segment includes products designed to help people stay hydrated and supplement their beverage intake with nutrients. A key offering is their 'Hydrate' line, which includes coconut water and beverage enhancers. These products are formulated to replenish essential electrolytes and provide functional benefits, catering to active lifestyles.
Snacks and Other Food Items
Laird Superfood also produces a range of snacks and other food items, primarily focusing on bars, oatmeal, and granola. These products are made with plant-based, functional ingredients, aligning with the company's overall health and wellness mission. The superfood bars come in various flavors and are designed to provide convenient, nutritious options for on-the-go consumption.
What management is betting on now
Laird Superfood's current strategy involves consolidating its position in the functional nutrition market through strategic acquisitions, such as the purchase of Navitas Organics. The company aims to build a scaled and diversified platform by integrating complementary brands and capabilities, including organic superfoods and vertically integrated ingredient sourcing. Management is focused on driving growth across various channels like retail, e-commerce, and food service, while also working towards profitability and positive cash flow. They are also emphasizing data-driven decision-making and customer personalization to enhance the online shopping experience.
Price history
How the share price has moved
—
Loading price history…
Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q4
$314.47K
FY2025 Q1
$-1.35M
FY2025 Q2
$-2.84M
FY2025 Q4
$64.23K
FY2026 Q1
$-3.84M
FY2026 Q2
$1.41M
Revenue
$41.29M
Net income
$-1.81M
Diluted EPS
-0.25
Operating cash flow
$1.45M
Free cash flow
$1.41M
Fetching…
Sources
Revenue
$13.94M
Net income
$1.75M
Diluted EPS
0.11
Operating cash flow
$-3.83M
Free cash flow
$-3.84M
Fetching…
Sources
Revenue
$13.35M
Net income
$-1.76M
Diluted EPS
—
Operating cash flow
$68.42K
Free cash flow
$64.23K
Fetching…
Sources
Revenue
$12.90M
Net income
$-975.07K
Diluted EPS
—
Operating cash flow
$1.25M
Free cash flow
—
Fetching…
Sources
Revenue
$11.99M
Net income
$-362.18K
Diluted EPS
-0.03
Operating cash flow
$-2.83M
Free cash flow
$-2.84M
Fetching…
Sources
Revenue
$11.65M
Net income
$-156.18K
Diluted EPS
-0.02
Operating cash flow
$-1.27M
Free cash flow
$-1.35M
Fetching…
Sources
Revenue
$11.61M
Net income
$-398.44K
Diluted EPS
—
Operating cash flow
$339.24K
Free cash flow
$314.47K
Fetching…
Sources
Revenue
$11.78M
Net income
$-166.12K
Diluted EPS
—
Operating cash flow
$305.84K
Free cash flow
—
Fetching…
Sources
Is it cheap or expensive?
Fair value $2.86 vs current price $2.67
Wall Street consensus is the average analyst price target: $7.17 (150.2% higher than our fair-value estimate).
Our most-likely fair value is $2.86 a share — about 7.3% away from today's price of $2.67, so the stock currently looks fairly priced.
Is it drowning in debt?
Healthy
Net cash $19.2M - more cash than debt. Interest coverage -70.1x.
Net debt
$-19.21M
Interest coverage
-70.10x
Laird Superfood, Inc.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 3 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Healthy
Worse cushion
Baseline
Better cushion
LSF
BASELINE
Laird Superfood, Inc.
Total debt $3.76M Interest coverage -70.10x This is the baseline the peer rows are being compared against.
Total debt $466.10K Interest coverage -57.36x Neither company has much profit cushion over interest right now.
Total debt $407.81M Interest coverage -16.63x Neither company has much profit cushion over interest right now.
Total debt $108.25M Interest coverage 101.11x This peer still has a real interest-payment cushion, while LSF does not.
Total debt $551.35M Interest coverage -0.99x Neither company has much profit cushion over interest right now.
What you should know
The case for and against LSF
2 Rewards
1 Risk
Rewards
-
Revenue grew 63.3% last year.
-
Free cash flow was positive in 1/10 years.
Risks
-
Return on equity was -4.1% last year — the company lost money on shareholders' equity.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
—
Forward P/E
-0.66x
P/B
2.69x
P/S
0.37x
EV/EBITDA
-19.28x
PEG ratio
—
Profitability
How much profit each dollar creates
Gross margin
32.4%
Operating margin
-4.5%
Net margin
-3.4%
ROE
-4.1%
ROA
-5.8%
Health
Liquidity and balance-sheet strength
Debt / equity
0.03x
Current ratio
3.05x
Quick ratio
1.57x
Total debt
$3.76M
Total cash
$22.97M
Growth
How the business has been compounding
Revenue TTM
$81.48M
Revenue 5Y CAGR
7.9%
EPS TTM
-0.36
EPS 5Y CAGR
—
Cash flow
How much cash the business throws off
Operating CF TTM
$-1.06M
Free CF TTM
$-2.86M
FCF margin
-3.5%
Dividend
Shareholder payout
Yield
0.0%
Payout ratio
—
Last ex-div date
—