LSF on NYSE
Laird Superfood, Inc.
American Food and Kindred Products company, incorporated in Nevada. Summary from the record
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Last updated Oct 19, 2026.
Overview
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- TickerLSF on NYSE1
- IndustryFood and Kindred Products1
- HeadquartersBoulder, Colorado1
- Incorporated inNV2
- Business address5303 Spine Road, Suite 204, Boulder, Co 803012
- Filer categoryNon-accelerated filer, Smaller reporting company2
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When used in this Annual Report on Form 10-K, the terms “Laird Superfood,” the “Company,” “we,” “our,” and “us” refer to Laird Superfood, Inc. and its wholly owned subsidiary, Picky Bars, LLC, on a consolidated basis.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
37.9%Gross margin4
-6.8%Operating margin4
-6.5%Net margin4
15.2%Revenue growth, 20254
-28.4%Return on equity4
-$2.9MFree cash flow4
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue62¢$31.0M
- Research and development1¢$329.8K
- Other costs37¢$18.6M
- Income tax0¢$20.7K
Out of $49.9M in revenue.4 The company lost money this year.
Financial statements
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $13.1M5 | $25.8M6 | $36.8M7 | $35.8M8 | $34.2M9 | $43.3M4 | $49.9M4 |
| Cost of revenue | $8.0M5 | $19.2M6 | $27.4M7 | $30.6M8 | $23.9M9 | $25.6M4 | $31.0M4 |
| Gross profit | $5.1M5 | $6.6M6 | $9.4M7 | $5.2M8 | $10.3M9 | $17.7M4 | $18.9M4 |
| Research and development | $324.3K5 | $508.2K6 | $1.0M7 | $427.5K8 | $219.7K9 | $114.1K4 | $329.8K4 |
| Operating expenses | $33.4M7 | $45.6M8 | $21.0M9 | $19.9M4 | $22.3M4 | ||
| Operating income | -$8.8M5 | -$12.9M6 | -$24.0M7 | -$40.4M8 | -$10.7M9 | -$2.2M4 | -$3.4M4 |
| Interest | $48.8K5 | $05 | |||||
| Income before tax | -$23.9M7 | -$40.3M8 | -$10.1M9 | -$1.8M4 | -$3.2M4 | ||
| Income tax | $06 | $17.8K7 | $20.3K8 | $15.2K9 | $60.3K4 | $20.7K4 | |
| Net income | -$8.5M5 | -$12.9M6 | -$23.9M7 | -$40.3M8 | -$10.2M9 | -$1.8M4 | -$3.3M4 |
| Earnings per share | -$0.295 | -$2.616 | -$2.667 | -$4.418 | -$1.099 | -$0.184 | -$0.314 |
| Earnings per share (diluted) | -$0.295 | -$2.616 | -$2.667 | -$4.418 | -$1.098 | ||
| Shares (weighted, basic) | 9.0M shares7 | 9.1M shares8 | 9.3M shares9 | 9.9M shares4 | 10.6M shares4 | ||
| Shares (weighted, diluted) | 9.0M shares7 | 9.1M shares7 |
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash | $1.0M5 | $57.0M6 | $22.9M7 | $17.3M8 | $7.6M9 | $8.3M4 | $5.1M4 |
| Receivables | $1.3M7 | $1.5M8 | $1.0M9 | $1.8M4 | $3.9M4 | ||
| Inventory | $10.2M7 | $5.7M8 | $6.3M9 | $6.0M4 | $7.8M4 | ||
| Current assets | $10.0M5 | $76.0M6 | $47.7M7 | $27.5M8 | $16.3M9 | $18.0M4 | $18.8M4 |
| Property, plant and equipment | $4.5M7 | $150.3K8 | $122.6K9 | $58.4K4 | $41.2K4 | ||
| Goodwill | $6.5M7 | $08 | $08 | ||||
| Intangible assets | $4.8M7 | $1.4M8 | $1.2M9 | $1.0M4 | $207.1K4 | ||
| Total assets | $16.4M5 | $82.3M6 | $65.8M7 | $30.0M8 | $18.0M9 | $19.3M4 | $19.2M4 |
| Accounts payable | $888.8K7 | $1.1M8 | $1.6M8 | ||||
| Current liabilities | $1.5M5 | $2.7M6 | $3.8M7 | $7.5M8 | $4.4M9 | $5.9M4 | $7.7M4 |
| Long-term debt | $51.0K5 | ||||||
| Long-term liabilities | $7.5K7 | $76.1K7 | |||||
| Total liabilities | $1.6M5 | $2.8M6 | $3.8M7 | $7.5M8 | $4.6M9 | $6.1M4 | $7.8M4 |
| Retained earnings | -$55.8M7 | -$96.1M8 | -$106.3M9 | -$108.1M4 | -$111.4M4 | ||
| Shareholders’ equity | $8.1M6 | $79.5M7 | $62.1M8 | $22.5M9 | $13.4M4 | $13.2M4 | $11.5M4 |
| Shares outstanding | 4.2M shares5 | 8.9M shares6 | 9.1M shares7 | 9.2M shares8 | 9.4M shares9 | 10.3M shares4 | 10.7M shares4 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash from operations | -$9.4M5 | -$14.7M6 | -$22.1M7 | -$14.3M8 | -$10.8M9 | $865.5K4 | -$2.8M4 |
| Depreciation and amortization | $981.6K7 | $1.1M8 | $306.2K9 | $270.3K4 | $253.7K4 | ||
| Stock-based compensation | $3.6M6 | $631.2K8 | $1.1M9 | $1.6M4 | $1.9M4 | ||
| Capital spending | $2.4M5 | $1.1M6 | $1.6M7 | $1.2M8 | $144.0K9 | $24.8K4 | $76.5K4 |
| Free cash flow | -$11.9M | -$15.7M | -$23.7M | -$15.5M | -$10.9M | $840.7K | -$2.9M |
| Cash from investing | -$12.6M7 | $9.0M8 | $690.3K9 | -$24.8K4 | -$76.5K4 | ||
| Share buybacks | $1.1M5 | $20.5K6 | $06 | ||||
| Cash from financing | $576.2K7 | $102.3K8 | -$27.4K9 | -$33.4K4 | -$331.7K4 |
Leadership
Who has led Laird Superfood, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
2025
- Chief executive officerJason D. Vieth Feb 2, 2022 to now12
- Chief executive officerPaul Hodge Jr. Sep 22, 2020 to Jul 20, 202113
- Chief financial officerAnna Hamill Jul 1, 2022 to now14
- Chief financial officerValerie Ells Sep 22, 2020 to Aug 23, 202115
- Chief operating officerJamie Eichman Sep 22, 2020 to Nov 17, 202016
- Chief operating officerScott McGuire Nov 23, 2020 to May 20, 202117
Board members and other officers (18)
- Chief Sales OfficerBridget McCarthy Lasda Jul 21, 2026 to now18
- Chief Commercial OfficerAndrew Judd Apr 5, 2022 to now19
- Chief InnovatorLaird Hamilton Sep 22, 2020 to now20
- CRMOLuan Pham Sep 22, 2020 to Sep 25, 202021
- Board memberKristin Patrick Mar 23, 2026 to now22
- Board memberKayla Dean Obia Apr 23, 2026 to now23
- Board memberMatthew Spanjers Aug 27, 2026 to now24
- Board memberJason D. Vieth Feb 2, 2022 to now12
- Board memberPatrick Gaston Sep 28, 2021 to now25
- Board memberGrant J. Lamontagne Dec 10, 2021 to now26
- Board memberGregory B. Graves Sep 22, 2020 to now27
- Board memberLaird Hamilton Sep 22, 2020 to now20
- Board memberPaul Hodge Jr. Sep 22, 2020 to Jul 20, 202113
- Board memberThomas Wetherald Sep 22, 2020 to May 10, 202128
- Board memberGeoffrey T. Barker Sep 23, 2020 to now29
- Board memberJim Buechler Sep 23, 2020 to May 10, 202130
- Board memberMaile Naylor Sep 23, 2020 to now31
- General counselSteven L. Richie Jul 1, 2022 to Jul 8, 202432
Former names
- Laird Superfood, LLCAug 12, 2015 to Aug 28, 20152
Timeline
Filings
270 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 63 major events, 118 insider forms, 14 large holders, 54 other. The latest 20:
- Oct 7, 20263 2026-10 MJ FORM 3 EDGAR
- Sep 8, 20268-K EDGAR
- Sep 2, 20264 2026-08-31-AH EDGAR
- Aug 27, 20264 26-08-27-MS-F4 EDGAR
- Aug 27, 20263 2026-MS-F3 EDGAR
- Aug 19, 20268-K EDGAR
- Aug 14, 2026S-8 EDGAR
- Aug 13, 202610-Q EDGAR
- Aug 13, 20268-K EDGAR
- Aug 5, 20264 2026-07-30-AH EDGAR
- Jul 21, 20264 202607F4-HAMILL EDGAR
- Jul 21, 20264 202607F4-LASDA EDGAR
- Jul 21, 20263 2026F3-LASDA EDGAR
- Jul 14, 20268-K EDGAR
- Jul 13, 20264 2026-07-09 FORM 4 EDGAR
- Jul 13, 20264 2026-07-09 FORM 4 GG EDGAR
- Jul 13, 20264 2026-07-09 FORM 4 GG EDGAR
- Jul 13, 20264 2026-07-09 FORM 4 GL EDGAR
- Jul 13, 20264 2026-07-09 FORM 4 EDGAR
- Jul 13, 20264 2026-07-09 FORM 4 JUDD EDGAR
The 270 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
23 open-market trades by officers, directors and large owners since October 2021: 20 buys and 3 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jun 10, 2026 | GRAVES GREGORY BDirector | Buy | 15,000 | $3.45 | $51.8K | Form 4 |
| Jun 5, 2026 | LaMontagne Grant JDirector | Buy | 6,910 | $3.30 | $22.8K | Form 4 |
| Jun 4, 2026 | LaMontagne Grant JDirector | Buy | 8,826 | $3.23 | $28.5K | Form 4 |
| Jun 3, 2026 | LaMontagne Grant JDirector | Buy | 17,054 | $3.30 | $56.3K | Form 4 |
| Jun 2, 2026 | LaMontagne Grant JDirector | Buy | 27,160 | $3.30 | $89.6K | Form 4 |
| May 29, 2026 | LaMontagne Grant JDirector | Buy | 6,610 | $3.30 | $21.8K | Form 4 |
| May 28, 2026 | LaMontagne Grant JDirector | Buy | 624 | $3.30 | $2.1K | Form 4 |
| May 22, 2026 | LaMontagne Grant JDirector | Buy | 615 | $3.30 | $2.0K | Form 4 |
| May 21, 2026 | LaMontagne Grant JDirector | Buy | 87 | $3.30 | $287 | Form 4 |
| May 20, 2026 | LaMontagne Grant JDirector | Buy | 22,850 | $3.28 | $74.9K | Form 4 |
| May 23, 2025 | GRAVES GREGORY BDirector | Sale | 2,127 | $7.03 | $15.0K | Form 4 |
| Mar 5, 2025 | Hamill AnnaChief Financial Officer | Buy | 2,683 | $5.49 | $14.7K | Form 4 |
| Mar 4, 2025 | Vieth Jason D.Chief Executive Officer | Buy | 10,000 | $5.37 | $53.6K | Form 4 |
| Mar 4, 2025 | Hamill AnnaChief Financial Officer | Buy | 921 | $5.71 | $5.3K | Form 4 |
| Mar 15, 2024 | Barker Geoffrey TDirector | Buy | 50,000 | $2.79 | $139.3K | Form 4 |
| Mar 15, 2024 | Naylor MaileDirector | Buy | 8,850 | $2.27 | $20.1K | Form 4 |
| Mar 15, 2024 | Vieth Jason D.Chief Executive Officer | Buy | 1,611 | $2.82 | $4.5K | Form 4 |
| Mar 15, 2024 | Gaston PatrickDirector | Buy | 2,000 | $2.61 | $5.2K | Form 4 |
| Mar 15, 2024 | Hamill AnnaChief Financial Officer | Buy | 4,600 | $2.03 | $9.3K | Form 4 |
| Mar 15, 2022 | Vieth Jason D.Chief Executive Officer | Buy | 15,000 | $3.00 | $45.0K | Form 4 |
All 23 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Nexus Capital Management LPSCHEDULE 13D/A, 2 filings Mar 19, 2026 to Apr 23, 202633
- AWM Investment Company, Inc.SCHEDULE 13G/A, 3 filings Aug 14, 2025 to Jan 8, 202634
- Thomas WetheraldSC 13D/A, 3 filings Feb 14, 2022 to Oct 11, 202235
- FMR LLCSC 13G/A, 3 filings Feb 9, 2022 to Aug 10, 202236
- Laird HamiltonSC 13G/A, 1 filing Feb 14, 202237
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 46. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Osaic Holdings, Inc. | 396,898 | $1.9M | 0.0% | +65,526 |
| Mink Brook Asset Management LLC | 361,729 | $1.7M | 0.8% | +6,305 |
| Vanguard Capital Management LLC | 233,922 | $1.1M | 0.0% | +23,507 |
| Renaissance Technologies LLC | 129,600 | $609.1K | 0.0% | −3,300 |
| BlackRock, Inc. | 100,338 | $471.6K | 0.0% | +6,125 |
| Aspiriant, LLC | 91,450 | $429.8K | 0.0% | New |
| Geode Capital Management, LLC | 90,214 | $424.2K | 0.0% | −9,433 |
| HighTower Advisors, LLC | 73,099 | $343.6K | 0.0% | +2,673 |
| Finley Financial, LLC | 50,000 | $235.0K | 0.1% | +25,000 |
| Citadel Advisors LLC | 45,316 | $213.0K | 0.0% | +24,943 |
| Vanguard Fiduciary Trust Co | 44,508 | $209.2K | 0.0% | +337 |
| Crewe Advisors LLC | 43,002 | $202.1K | 0.0% | No change |
| MAI Capital Management | 38,683 | $181.8K | 0.0% | New |
| Goldman Sachs Group Inc | 35,633 | $167.5K | 0.0% | +2,267 |
| Creative Planning | 34,642 | $162.8K | 0.0% | No change |
| State Street Corp | 34,246 | $161.0K | 0.0% | No change |
| Dimensional Fund Advisors LP | 23,598 | $110.9K | 0.0% | −3,927 |
| Marshall Wace, Llp | 21,753 | $102.2K | 0.0% | New |
| Northern Trust Corp | 19,265 | $90.5K | 0.0% | −1,516 |
| Jane Street Group, LLC | 18,929 | $89.0K | 0.0% | New |
| Bridgeway Capital Management, LLC | 15,000 | $70.5K | 0.0% | No change |
| Two Sigma Securities, LLC | 10,761 | $50.6K | 0.0% | New |
| Steadtrust LLC | 10,000 | $47.0K | 0.0% | −10,000 |
| StoneX Group Inc. | 10,786 | $42.5K | 0.0% | New |
| UBS Group AG | 5,946 | $27.9K | 0.0% | +723 |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 14SEC EDGARAnna Hamill, Chief financial officer
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- 20SEC EDGARLaird Hamilton, Chief Innovator
- 21SEC EDGARLuan Pham, CRMO
- 22SEC EDGARKristin Patrick, Board member
- 23SEC EDGARKayla Dean Obia, Board member
- 24SEC EDGARMatthew Spanjers, Board member
- 25SEC EDGARPatrick Gaston, Board member
- 26SEC EDGARGrant J. Lamontagne, Board member
- 27SEC EDGARGregory B. Graves, Board member
- 28SEC EDGARThomas Wetherald, Board member
- 29SEC EDGARGeoffrey T. Barker, Board member
- 30SEC EDGARJim Buechler, Board member
- 31SEC EDGARMaile Naylor, Board member
- 32SEC EDGARSteven L. Richie, General counsel
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