Lifeway Foods (LWAY) Operating Expenses (2010 - 2025)
Lifeway Foods' Operating Expenses was $11.6 million in Q4 2025, up 3.7% from $11.18 million a year earlier and up 2.0% from the prior quarter.
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Analysis
Lifeway Foods (LWAY) Operating Expenses (2010 - 2025) Analysis & Trends
For FY2025, Operating Expenses at Lifeway Foods came in at $42.03 million, up 21.1% from FY2024.
- Operating Expenses has now increased for five consecutive years, with a five-year compound annual growth rate of 13.8% (FY2020 to FY2025).
- In earlier years, Operating Expenses was $34.72 million in FY2024 (+36.5%), $25.45 million in FY2023 (+4.1%), $24.44 million in FY2022 (+7.0%) and $22.83 million in FY2021 (+3.7%).
- The Q4 2025 figure marks the highest quarterly Operating Expenses in data going back to Q2 2010.
- Compared with a year earlier, Operating Expenses has increased for nine straight quarters, with growth averaging 30.2% over the last eight quarters.
- The best year-over-year quarter for Operating Expenses over five years was Q4 2024 (growth of 85.2%); the worst was Q2 2021 (a decline of 5.6%).
- Per Business Quant data, LWAY's Operating Expenses in the three quarters before Q4 2025 was $11.37 million (Q3 2025), $9.61 million (Q2 2025) and $9.46 million (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Unilever | 133.59 Bn | 108.95 Bn | - | - |
| 2 | Mondelez International | 75.71 Bn | 69.03 Bn | 3.99 Bn | 2.01 Bn |
| 3 | Hershey | 32.64 Bn | 28.88 Bn | 1.26 Bn | 628.91 Mn |
| 4 | Kraft Heinz | 27.82 Bn | 14.35 Bn | 2.03 Bn | 8.46 Bn |
| 5 | General Mills | 18.09 Bn | 15.75 Bn | 1.49 Bn | 853.60 Mn |
| 6 | Mccormick | 13.03 Bn | 12.90 Bn | 778.20 Mn | 441.80 Mn |
| 7 | J M Smucker | 12.89 Bn | 12.68 Bn | 979.60 Mn | 411.10 Mn |
| 8 | Hormel Foods | 10.92 Bn | 7.61 Bn | 471.52 Mn | 323.50 Mn |
| 9 | Chewy | 7.33 Bn | 4.62 Bn | 1.01 Bn | 919.20 Mn |
| 10 | Lifeway Foods | 319.32 Mn | 319.32 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 11.60 Mn |
| Sep 30, 2025 | 11.37 Mn |
| Jun 30, 2025 | 9.61 Mn |
| Mar 31, 2025 | 9.46 Mn |
| Dec 31, 2024 | 11.18 Mn |
| Sep 30, 2024 | 7.68 Mn |
| Jun 30, 2024 | 7.89 Mn |
| Mar 31, 2024 | 7.97 Mn |
| Dec 31, 2023 | 6.04 Mn |
| Sep 30, 2023 | 6.10 Mn |
| Jun 30, 2023 | 6.51 Mn |
| Mar 31, 2023 | 6.79 Mn |
| Dec 31, 2022 | 5.96 Mn |
| Sep 30, 2022 | 6.39 Mn |
| Jun 30, 2022 | 5.46 Mn |
| Mar 31, 2022 | 6.63 Mn |
| Dec 31, 2021 | 5.59 Mn |
| Sep 30, 2021 | 5.95 Mn |
| Jun 30, 2021 | 5.18 Mn |
| Mar 31, 2021 | 6.11 Mn |
API Access
Lifeway Foods Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=LWAY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "LWAY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=LWAY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();