Lifeway Foods, Inc.
For the period ended Mar 17, 2026. Filed Mar 17, 2026.
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Mar 17, 2026 · Filed Mar 17, 2026
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LWAY$21.65-2.5%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · (In thousands, except per share data)
(In thousands, except per share data)
| Three Months Ended December 31, | Twelve months Ended December 31, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Net sales | $55,361 | $46,934 | $212,496 | $186,820 |
| Cost of goods sold | 39,106 | 34,273 | 150,850 | 135,400 |
| Depreciation expense | 892 | 764 | 3,440 | 2,846 |
| Total cost of goods sold | 39,998 | 35,037 | 154,290 | 138,246 |
| Gross profit | 15,363 | 11,897 | 58,206 | 48,574 |
| Selling expenses | 5,428 | 3,487 | 19,891 | 14,743 |
| General and administrative | 6,037 | 7,562 | 21,603 | 19,439 |
| Amortization expense | 135 | 135 | 540 | 540 |
| Total operating expenses | 11,600 | 11,184 | 42,034 | 34,722 |
| Income from operations | 3,763 | 713 | 16,172 | 13,852 |
| Other income (expense): | ||||
| Interest expense | (21) | (3) | (77) | (105) |
| Fair value loss on investment | (75) | – | (95) | – |
| Gain on sale of investment | – | – | 3,407 | – |
| Gain (loss) on sale of property and equipment | – | (11) | – | (8) |
| Other income | 50 | 77 | 279 | 230 |
| Total other income (expense) | (46) | 63 | 3,514 | 117 |
| Income before provision for income taxes | 3,717 | 776 | 19,686 | 13,969 |
| Provision for income taxes | 1,176 | 936 | 5,827 | 4,944 |
| Net income (loss) | $2,541 | $(160) | $13,859 | $9,025 |
| Net earnings (loss) per common share: | ||||
| Basic | $0.17 | $(0.01) | $0.91 | $0.61 |
| Diluted | $0.16 | $(0.01) | $0.89 | $0.60 |
| Weighted average common shares outstanding: | ||||
| Basic | 15,230 | 14,857 | 15,200 | 14,769 |
| Diluted | 15,577 | 15,060 | 15,539 | 14,956 |
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