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
DateValue
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