Laird Superfood (LSF) Operating Expenses (2019 - 2026)
Laird Superfood (LSF) posted quarterly Operating Expenses of $6.3 million for Q4 2025, up 27.98% year-over-year from $5.0 million in Q4 2024, and up 11.39% quarter-over-quarter from $5.7 million in Q3 2025.
Laird Superfood (LSF) Operating Expenses (2019 - 2026) Analysis & Trends
Laird Superfood (LSF) has reported Operating Expenses for 7 consecutive years, with $6.3 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Operating Expenses rose 27.98% year-over-year to $6.3 million; the TTM figure through Dec 2025 stood at $22.3 million (up 12.41% YoY), while the FY2025 annual figure was $22.3 million, up 12.41% from the prior year.
- Operating Expenses climbed to $6.3 million in Q4 2025 per LSF's latest filing, from $5.7 million in the prior quarter.
- Across five years, Operating Expenses topped out at $15.9 million in Q1 2022 and bottomed at $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.
- Annual changes were most pronounced in 2022 — Operating Expenses surged 121.45% — and 2023, when it tumbled 75.94%.
- Laird Superfood's Operating Expenses stood at $9.2 million in 2021, then soared by 65.21% to $15.3 million in 2022, then sank by 75.94% to $3.7 million in 2023, then soared by 35.13% to $5.0 million in 2024, then advanced by 27.98% to $6.3 million in 2025.
- Business Quant data shows LSF's Operating Expenses at $6.3 million in Q4 2025, $5.7 million in Q3 2025, and $5.2 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 30.23 Bn | 27.54 Bn | 2.03 Bn | 8.46 Bn |
| 2 | General Mills | 21.36 Bn | 20.90 Bn | 1.60 Bn | 3.70 Bn |
| 3 | Mccormick | 14.89 Bn | 14.56 Bn | 778.20 Mn | 441.80 Mn |
| 4 | Jbs | 14.54 Bn | 11.07 Bn | 4.91 Bn | 3.83 Bn |
| 5 | Hormel Foods | 13.26 Bn | 12.40 Bn | 518.51 Mn | 318.62 Mn |
| 6 | J M Smucker | 13.17 Bn | 13.11 Bn | 862.10 Mn | 362.30 Mn |
| 7 | Magnum Ice Cream | 12.10 Bn | 11.38 Bn | - | - |
| 8 | Darling Ingredients | 10.78 Bn | 10.62 Bn | 503.37 Mn | 1.52 Bn |
| 9 | Smithfield Foods | 8.77 Bn | 7.42 Bn | 478.00 Mn | 191.00 Mn |
| 10 | Laird Superfood | 45.51 Mn | 22.31 Mn | 12.52 Mn | 14.38 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 14.38 Mn |
| 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 |