Laird Superfood (LSF) Operating Expenses (2019 - 2025)
Laird Superfood's (LSF) quarterly Operating Expenses came in at $6.3 million in Q4 2025, up 27.98% year-on-year from $5.0 million in Q4 2024, and up 11.39% on a QoQ basis from $5.7 million in Q3 2025.
Laird Superfood (LSF) Operating Expenses (2019 - 2025) Analysis & Trends
Laird Superfood (LSF) has 7 years of Operating Expenses data on file, last reported at $6.3 million in Q4 2025.
- On a quarterly basis, Operating Expenses rose 27.98% year-over-year to $6.3 million in Q4 2025; TTM through Dec 2025 was $22.3 million, a 12.41% increase from a year earlier, with the FY2025 full-year figure at $22.3 million, up 12.41% from the prior year.
- Operating Expenses for Q4 2025 stood at $6.3 million, up from $5.7 million in the prior quarter.
- Over the last five years, Operating Expenses for LSF reached as high as $15.9 million in Q1 2022 and fell as low as $3.7 million in Q4 2023.
- Historically, Operating Expenses has averaged $7.1 million across 5 years, with a median of $5.9 million in 2023.
- Across the five-year window, Operating Expenses soared 121.45% in 2022 and sank 75.94% in 2023, its largest moves.
- Year by year, Operating Expenses stood at $9.2 million in 2021, then surged by 65.21% to $15.3 million in 2022, then sank by 75.94% to $3.7 million in 2023, then surged by 35.13% to $5.0 million in 2024, then grew by 27.98% to $6.3 million in 2025.
- Per Business Quant data, the three most recent Operating Expenses figures were $6.3 million in Q4 2025, $5.7 million in Q3 2025, and $5.2 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 30.05 Bn | 26.07 Bn | 2.22 Bn | 1.07 Bn |
| 2 | General Mills | 19.11 Bn | 18.67 Bn | 1.60 Bn | 3.70 Bn |
| 3 | Hormel Foods | 13.78 Bn | 12.93 Bn | 518.51 Mn | 318.62 Mn |
| 4 | Mccormick | 13.51 Bn | 13.76 Bn | 778.20 Mn | 441.80 Mn |
| 5 | Magnum Ice Cream | 10.87 Bn | 10.35 Bn | - | - |
| 6 | Smithfield Foods | 10.26 Bn | 8.88 Bn | 511.00 Mn | 180.00 Mn |
| 7 | Darling Ingredients | 10.06 Bn | 10.02 Bn | 404.92 Mn | 1.43 Bn |
| 8 | Conagra Brands | 6.88 Bn | 6.66 Bn | 704.10 Mn | 401.10 Mn |
| 9 | Lamb Weston Holdings | 6.84 Bn | 6.78 Bn | 361.40 Mn | 192.60 Mn |
| 10 | Laird Superfood | 39.79 Mn | 39.08 Mn | 4.55 Mn | 6.35 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 6.35 Mn |
| Sep 30, 2025 | 5.70 Mn |
| Jun 30, 2025 | 5.18 Mn |
| Mar 31, 2025 | 5.10 Mn |
| Dec 31, 2024 | 4.96 Mn |
| Sep 30, 2024 | 5.33 Mn |
| Jun 30, 2024 | 4.52 Mn |
| Mar 31, 2024 | 5.05 Mn |
| Dec 31, 2023 | 3.67 Mn |
| Sep 30, 2023 | 5.63 Mn |
| Jun 30, 2023 | 5.53 Mn |
| Mar 31, 2023 | 6.18 Mn |
| Dec 31, 2022 | 15.25 Mn |
| Sep 30, 2022 | 7.89 Mn |
| Jun 30, 2022 | 6.50 Mn |
| Mar 31, 2022 | 15.90 Mn |
| Dec 31, 2021 | 9.23 Mn |
| Sep 30, 2021 | 8.51 Mn |
| Jun 30, 2021 | 8.46 Mn |
| Mar 31, 2021 | 7.18 Mn |