The company's financial position is increasingly reliant on intangible assets, with goodwill surging from $75K in 2025Q4 to $16.7M in 2026Q1, while accumulated deficits remain deeply negative at -$109.6M.
| Total Current Assets | 37.49M | 18.84M | 17.97M | 16.34M | 27.53M | 47.68M | 76M | 10.04M | 19.61M |
| Cash & Short-Term Investments | 10.52M | 5.32M | 8.56M | 7.81M | 17.43M | 31.68M | 65.68M | 6.49M | 17.34M |
| Cash Only | 10.52M | 5.32M | 8.34M | 7.57M | 17.29M | 23.05M | 56.97M | 1M | 17.34M |
| Short-Term Investments | 0 | 0 | 222.48K | 238.72K | 134.9K | 8.64M | 8.71M | 5.49M | 0 |
| Accounts Receivable | 6.9M | 3.9M | 1.76M | 1.02M | 1.49M | 1.27M | 839.66K | 384.81K | 374.87K |
| Days Sales Outstanding | 33.54 | 28.53 | 14.86 | 10.9 | 15.22 | 12.58 | 11.89 | 10.72 | 16.5 |
| Inventory | 17.34M | 7.78M | 6.85M | 6.32M | 6.59M | 10.22M | 6.3M | 2.44M | 1.18M |
| Days Inventory Outstanding | 178.86 | 91.69 | 97.6 | 96.51 | 78.54 | 136.26 | 119.66 | 110.88 | 76.67 |
| Other Current Assets | 2.73M | 1.84M | 225.69K | 221.72K | 793.27K | 960.55K | 285.3K | 44.26K | 109.11K |
| Total Non-Current Assets | 37.39M | 377.18K | 1.29M | 1.69M | 2.51M | 18.17M | 6.35M | 6.36M | 3.06M |
| Property, Plant & Equipment | 635.82K | 170.08K | 264.15K | 477.33K | 284.21K | 4.51M | 3.51M | 3.15M | 985.79K |
| Fixed Asset Turnover | 132.14x | 293.33x | 163.90x | 71.70x | 126.06x | 8.16x | 7.34x | 4.16x | 8.41x |
| Goodwill | 16.7M | 0 | 0 | 0 | 0 | 6.49M | 0 | 0 | 0 |
| Intangible Assets | 20.05M | 75K | 1.03M | 1.22M | 1.42M | 4.84M | 137.09K | 132.1K | 132.1K |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 2.33M | 0 | 3.06M | 1.93M |
| Other Non-Current Assets | 0 | 132.1K | 0 | 0 | 800K | 2.33M | 2.7M | 3.07M | 1.94M |
| Total Assets | 74.88M | 19.22M | 19.26M | 18.03M | 30.04M | 65.85M | 82.34M | 16.4M | 22.67M |
| Asset Turnover | 1.27x | 2.60x | 2.25x | 1.90x | 1.19x | 0.56x | 0.31x | 0.80x | 0.37x |
| Asset Growth % | 261.99% | -0.21% | 6.8% | -39.97% | -54.38% | -20.03% | 402.02% | -27.64% | - |
| Total Current Liabilities | 11.74M | 7.71M | 5.92M | 4.38M | 7.45M | 3.79M | 2.74M | 1.52M | 1.11M |
| Accounts Payable | 7.56M | 3.09M | 2.14M | 1.65M | 1.08M | 888.77K | 1.32M | 724.75K | 785.49K |
| Days Payables Outstanding | 61.44 | 36.46 | 30.47 | 25.15 | 12.87 | 11.85 | 25.01 | 32.99 | 50.94 |
| Short-Term Debt | 303.44K | 109.14K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 3.88M | 4.5M | 348.87K | 2.43M | 729.67K | 2.08M | 0 | 301.05K | 139.16K |
| Current Ratio | 3.19x | 2.44x | 3.03x | 3.73x | 3.69x | 12.59x | 27.70x | 6.62x | 17.70x |
| Quick Ratio | 1.72x | 1.43x | 1.88x | 2.29x | 2.81x | 9.89x | 25.41x | 5.02x | 16.63x |
| Cash Conversion Cycle | 150.95 | 83.76 | 81.99 | 82.27 | 80.9 | 137 | 106.53 | 88.61 | 42.23 |
| Total Non-Current Liabilities | 277.14K | 46.73K | 140.46K | 243.84K | 76.08K | 7.53K | 51K | 6.77M | 21.83M |
| Long-Term Debt | 0 | 46.73K | 0 | 0 | 0 | 0 | 51K | 51K | 101K |
| Capital Lease Obligations | 489.12K | 0 | 140.46K | 243.84K | 76.08K | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 7.53K | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.72M | 21.73M |
| Total Liabilities | 12.02M | 7.76M | 6.06M | 4.62M | 7.53M | 3.79M | 2.79M | 8.29M | 22.94M |
| Total Debt | 580.58K | 155.88K | 246.43K | 382.64K | 135.92K | 0 | 51K | 51K | 101K |
| Net Debt | -9.94M | -5.16M | -8.09M | -7.18M | -17.16M | -23.05M | -56.92M | -953.11K | -17.24M |
| Debt / Equity | 0.01x | 0.01x | 0.02x | 0.03x | 0.01x | - | 0.00x | 0.01x | - |
| Debt / EBITDA | -0.08x | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | 1.31x | - | - | - | - | - | - | - | - |
| Interest Coverage | - | - | - | - | - | - | - | -173.20x | -174.41x |
| Total Equity | 62.86M | 11.46M | 13.2M | 13.41M | 22.51M | 62.05M | 79.55M | 8.11M | -269.05K |
| Equity Growth % | 362.63% | -13.14% | -1.61% | -40.42% | -63.72% | -21.99% | 880.7% | 3114.85% | - |
| Book Value per Share | 5.41 | 1.09 | 1.33 | 1.44 | 2.46 | 6.91 | 14.34 | 0.92 | -0.05 |
| Total Shareholders' Equity | 62.86M | 11.46M | 13.2M | 13.41M | 22.51M | 62.05M | 79.55M | 8.11M | -269.05K |
| Common Stock | 10.93K | 10.7K | 10.29K | 9.38K | 9.21K | 9.1K | 8.89K | 4.19K | 3.59K |
| Retained Earnings | -109.62M | -111.37M | -108.12M | -106.3M | -96.14M | -55.8M | -31.93M | -19.08M | -10.57M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -6.72M | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | -61.02K | 14.21K | -226 | -21.73M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Liquidity and cash burn
As reported in recent financial filings, Laird Superfood's total assets surged from $19.2M in 2025Q4 to $74.9M in 2026Q1, a shift that appears driven by inorganic activity rather than organic growth, warranting caution regarding the underlying quality of the company's expanding balance sheet.
The dramatic increase in total assets suggests a significant shift in the company's capital structure, likely tied to recent acquisition activity. Investors should monitor whether this asset expansion provides tangible operational benefits or if it merely increases the burden of future impairment risks.
Based on the company's reported figures, cash reserves fluctuated from $7.6M in 2023Q4 to $5.3M in 2025Q4, indicating that the firm maintains a limited buffer against ongoing operating losses and potential working capital shocks in its high-touch DTC business model.
While the current ratio of 2.44 in 2025Q4 suggests adequate short-term coverage, the absolute cash position remains low relative to the company's persistent negative operating margins. This liquidity profile implies that the company may face recurring pressure to access external capital markets to sustain its current growth trajectory.
According to historical balance sheet data, Laird Superfood's retained earnings have remained deeply negative, reaching -$111.4M by 2025Q4, which highlights the significant capital erosion the company has experienced while attempting to scale its functional food brand in a competitive retail environment.
The persistent negative retained earnings reflect years of prioritizing top-line expansion over bottom-line profitability. This trend suggests that the equity base is largely supported by external financing rather than internally generated value, which may limit the company's flexibility during periods of market stress.
As evidenced by the jump in goodwill from $75K in 2025Q4 to $16.7M in 2026Q1, the company's balance sheet is increasingly exposed to intangible asset valuations that may not reflect the long-term economic reality of its functional food product portfolio.
The sudden recognition of significant goodwill suggests that recent acquisitions are now a primary component of the asset base. If the anticipated synergies from these transactions fail to materialize, the company could face substantial impairment charges that would further weaken its already strained equity position.
Quick answers to the most common questions about buying LSF stock.
As of 2025, Laird Superfood, Inc. (LSF) had total assets of $19.2M including $18.8M in current assets.
Laird Superfood, Inc. (LSF) carries total debt of $0.2M, offset by $5.3M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Laird Superfood, Inc. (LSF) has total shareholders' equity (book value) of $11.5M ($1.09 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Laird Superfood, Inc. (LSF) reported a current ratio of 2.44x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.