Lifeway Foods, Inc.

NASDAQ•LWAY

CEO: Ms. Julie Smolyansky

Sector: Consumer Defensive

Industry: Packaged Foods

Listing Date: 1988-12-29

Lifeway Foods, Inc. produces and markets probiotic-based products in the United States and internationally. Its primary product is drinkable kefir, a cultured dairy product in various organic and non-organic sizes, flavors, and types. The company offers European-style soft cheeses; cream and other products; ProBugs, a line of kefir products designed for children; drinkable yogurt; and fresh made butter and sour cream. It sells its products under the Lifeway, GlenOaks Farms, and Fresh Made brand names, as well as under private labels on behalf of customers primarily through direct sales force, brokers, and distributors. Lifeway Foods, Inc. was incorporated in 1986 and is based in Morton Grove, Illinois.

Contact Information

6431 West Oakton Street, Morton Grove, IL, 60053, United States

847-967-1010

lifewaykefir.com

Market Cap

$319.04M

P/E (TTM)

28.9

10.3

Dividend Yield

52W High

$34.20

52W Low

$19.50

52W Range

10%

Rank33Top 25.7%

4.8

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Average • 4.8 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$57.14M+23.97%

4-Quarter Trend

EPS

$0.23+15.00%

4-Quarter Trend

FCF

$1.77M-70.06%

4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Nine Month Sales Growth Net sales reached $157,135K for nine months, marking 12.3% increase versus prior year, driven by higher volumes.

Q3 Profitability Improvement Q3 Net Income $3,529K, up from $2,976K; Gross margin expanded significantly to 28.7% for the quarter.

Investment Sale Realized Recognized $3,407K gain from Simple Mills equity investment liquidation during the nine months ended September 30, 2025.

Strong Cash Position Ending cash balance $22,990K, showing increase from $20,558K at December 31, 2024, supporting liquidity.

Risk Factors

G&A Expense Spike G&A rose to $15,566K (NME) due to approximately $4,300K professional fees related to unsolicited purchase proposal.

Operating Cash Flow Decline Operating cash flow decreased to $10,681K (NME) from $15,541K primarily due to lower cash earnings reported.

Macroeconomic Uncertainty Monitoring Monitoring macroeconomic uncertainty due to inflation and trade policies potentially increasing supply chain complexity and costs.

Tax Rate Volatility Risk Effective tax rate changes driven by non-deductible officer and stock-based compensation expenses impacting income tax provisions.

Outlook

Major Facility Investment Estimating $45,000K capital spending for Waukesha facility modernization, targeting completion during fourth fiscal quarter 2026.

Organic Milk Supply Secured Purchased 402 cows for $1,335K to secure future organic milk supply via new agreements commencing December 1, 2025.

Credit Facility Available $25,000K available under Revolving Credit Facility; management expects sufficient liquidity for working capital needs.

New Tax Law Assessment New OBBBA tax law enacted July 2025, but currently not expected to materially impact estimated annual effective tax rate.

Peer Comparison

Revenue (TTM)

DDL

$3.38B

+5.2%

BGS

$1.83B

-5.4%

WEST

$1.19B

+39.8%

Gross Margin (Latest Quarter)

USNA

88.8%

-5.2pp

NATR

72.5%

+1.9pp

VSTA

67.9%

+4.8pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
MAMA	$643.54M	136.4	14.3%	26.9%
DDL	$565.51M	18.1	23.1%	34.7%
CVGW	$446.67M	22.7	8.6%	1.2%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

6.8%

Steady Growth

4Q Net Income CAGR

N/M

Profitability Shift

Cash Flow Stability

50%

Cash Flow Needs Attention

Deep Research

Next earnings:Mar 13, 2026

EPS:$0.29

Revenue:$55.00M

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data