LWAY · XBRL financial data

Lifeway Foods financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (LWAY's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue from contracts with customers	102,026	119,065	141,568	160,123	186,820	212,496
Cost of revenue	75,093	—	—	—	—	—
Cost of goods and services sold	72,006	90,355	114,782	117,682	138,246	154,290
Gross profit	26,933	28,710	26,786	42,441	48,574	58,206
General and administrative	11,661	11,611	12,593	13,130	19,439	21,603
Total operating expenses	22,010	22,830	24,437	25,446	34,722	42,034
Operating income (loss)	4,923	5,880	2,349	16,995	13,852	16,172
Interest expense	118	116	267	384	105	77
Other income (expense)	47	(62)	0	4	230	279
Income tax expense (benefit)	1,596	2,305	917	5,282	4,944	5,827
Net income (loss)	3,232	3,311	924	11,367	9,025	13,859
Earnings per share, basic USD per share	0.21	0.21	0.06	0.77	0.61	0.91
Earnings per share, diluted USD per share	0.21	0.21	0.06	0.75	0.60	0.89
Weighted average shares, basic thousands of shares	15,597	15,537	15,396	14,667	14,769	15,200
Weighted average shares, diluted thousands of shares	15,766	15,773	15,718	15,103	15,130	15,539

Fiscal years (LWAY's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	7,926	9,233	4,444	13,198	16,728	5,571
Accounts receivable	8,002	9,930	11,414	13,875	15,424	16,643
Inventory	6,930	8,285	9,631	9,104	8,678	11,890
Prepaid and other current assets	1,163	1,254	1,445	2,019	2,144	2,627
Total current assets	24,052	29,046	26,978	38,196	43,605	37,056
Property and equipment, net	21,048	20,130	20,905	22,764	26,862	48,282
Right-of-use asset	345	216	174	192	118	465
Goodwill	9,124	11,704	11,704	11,704	11,704	11,704
Total assets	60,069	70,874	68,999	81,654	90,547	105,610
Accounts payable	5,592	6,614	7,979	9,976	10,401	11,008
Accrued liabilities	2,196	3,724	3,813	4,916	5,103	5,413
Current portion of long-term debt	0	1,000	1,250	—	—	—
Total current liabilities	8,441	12,063	13,042	16,616	15,504	16,639
Long-term debt	0	3,470	2,477	—	—	—
Lease liability, non-current	165	85	104	118	70	360
Total liabilities	13,215	21,743	21,429	21,218	18,636	19,791
Retained earnings	50,195	53,506	54,430	65,797	74,822	88,681
Total stockholders' equity	46,854	49,131	47,570	60,436	71,911	85,819
Total liabilities and equity	60,069	70,874	68,999	81,654	90,547	105,610
Common shares outstanding (cover page) thousands of shares	15,604	15,473	14,645	14,691	15,203	15,150

Fiscal years (LWAY's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	3,232	3,311	924	11,367	9,025	13,859
Stock-based compensation	393	1,144	1,109	1,497	2,446	1,947
Depreciation and amortization	3,239	2,873	2,972	3,162	3,386	3,980
Net cash from operating activities	6,385	5,564	3,987	16,941	12,962	10,948
Purchases of property and equipment	1,895	1,922	3,449	4,351	6,697	27,361
Net cash from investing activities	(1,890)	(7,142)	(4,029)	(4,410)	(6,682)	(22,040)
Share repurchases	405	1,583	3,997	0	—	—
Net cash from financing activities	(405)	2,885	(4,747)	(3,777)	(2,750)	(65)

SIC 2020 and related industry codes, similar size; rows marked “added: same SIC” fill a short list. Each row is the latest quarter reported.

How peers are chosen

SIC 2020 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Fewer than three companies fall in that range, so the list adds same-SIC (2020) companies nearest in public float, each marked “added: same SIC”.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.
A cell reading “year only” links to a 10-K that gives only the full year: without all three earlier quarters there is no fourth quarter to work out, and the year total is never shown as a quarter.

Company	Cash ($K)	Revenue, quarter ($K)	Operating cash flow, quarter ($K)	Shares outstanding	Runway	Quarter
Lifeway Foods	7,087	66,893	(339)*	15.1M	20.9 quarters	Q2 FY26 10-QJun 30, 2026
Burcon NutraScienceadded: same SIC	7,001	year only	year only	108.7M	—	Q4 FY22 20-FMar 31, 2022
NxGen Brandsadded: same SIC	not reported	not reported	not reported	not reported	—	—
Sipupadded: same SIC	1,461	not reported	not reported	70.2M	—	Q3 FY21 10-Q/ASep 30, 2021

Not investment advice. Not affiliated with the U.S. SEC.

Data on this page was fetched Nov 6, 2026, 11:15 AM ET. The filing on SEC.gov is the record.