Laird Superfood, Inc. reported a net revenue of $11.99 million for the second quarter of 2025, marking a 20% increase from $10.00 million in the same period last year. For the first half of 2025, the company achieved net sales of $23.65 million, up 19% from $19.91 million in the first half of 2024. The growth in revenue was primarily driven by a 47% increase in wholesale sales, attributed to expanded distribution in grocery and club stores, while e-commerce sales saw a modest increase of 2% year-over-year, supported by subscription revenue growth.
Despite the revenue increase, Laird Superfood reported a net loss of $362,178 for Q2 2025, compared to a loss of $239,076 in Q2 2024. The loss for the first half of 2025 was $518,360, significantly improved from a loss of $1.26 million in the same period last year. The company’s gross profit for the second quarter was $4.78 million, with a gross margin of 39.9%, down from 41.8% in the prior year, reflecting increased costs associated with commodity inflation and promotional spending.
Operationally, Laird Superfood has made strategic investments in working capital, resulting in an increase in inventory from $5.98 million at the end of 2024 to $11.03 million as of June 30, 2025. This increase was aimed at meeting higher product demand and addressing previous out-of-stock issues. The company also reported elevated accounts receivable due to temporary delays in customer payments, which are expected to normalize in the third quarter of 2025. As of June 30, 2025, Laird Superfood had $4.18 million in cash and cash equivalents, down from $8.51 million at the end of 2024.
Looking ahead, Laird Superfood anticipates that its cash balances will stabilize as it sells down the forward-purchased inventory. The company remains focused on expanding its product lines and enhancing its market presence through both e-commerce and wholesale channels. Management believes that existing cash reserves, along with anticipated cash flow from operations, will be sufficient to meet foreseeable cash requirements over the next twelve months. However, the company acknowledges potential challenges from inflationary pressures, tariffs, and supply chain disruptions that could impact future profitability.
About Laird Superfood, Inc.
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