Lifeway Foods, Inc. (LWAY)

Lifeway Foods Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	186.82	160.12	141.57	119.07	102.03
Revenue Growth (YoY)	16.67%	13.11%	18.90%	16.70%	8.93%
Cost of Revenue	135.4	115.06	112.35	87.6	72.01
Gross Profit	51.42	45.06	29.22	31.46	30.02
Selling, General & Admin	34.18	24.91	23.9	22.71	21.86
Operating Expenses	37.57	28.07	26.87	25.58	25.1
Operating Income	13.85	17	2.35	5.88	4.92
Interest Expense	-0.11	-0.38	-0.27	-0.12	-0.12
Other Non Operating Income (Expenses)	0.23	0	-	-0.06	0.05
EBT Excluding Unusual Items	13.98	16.62	2.08	5.7	4.85
Gain (Loss) on Sale of Investments	-	-	-	0	0
Gain (Loss) on Sale of Assets	-0.01	0.03	-0.24	-0.09	-0.03
Pretax Income	13.97	16.65	1.84	5.62	4.83
Income Tax Expense	4.94	5.28	0.92	2.31	1.6
Net Income	9.03	11.37	0.92	3.31	3.23
Net Income to Common	9.03	11.37	0.92	3.31	3.23
Net Income Growth	-20.60%	1130.19%	-72.09%	2.44%	613.47%
Shares Outstanding (Basic)	15	15	15	16	16
Shares Outstanding (Diluted)	15	15	16	16	16
Shares Change (YoY)	-0.97%	-3.91%	-0.35%	0.04%	-0.24%
EPS (Basic)	0.61	0.78	0.06	0.21	0.21
EPS (Diluted)	0.60	0.75	0.06	0.21	0.21
EPS Growth	-20.00%	1150.00%	-71.43%	1.34%	620.39%
Free Cash Flow	6.27	12.59	0.54	3.64	4.49
Free Cash Flow Per Share	0.42	0.83	0.03	0.23	0.28
Gross Margin	27.52%	28.14%	20.64%	26.42%	29.42%
Operating Margin	7.41%	10.61%	1.66%	4.94%	4.83%
Profit Margin	4.83%	7.10%	0.65%	2.78%	3.17%
Free Cash Flow Margin	3.35%	7.86%	0.38%	3.06%	4.40%
EBITDA	17.24	20.16	5.32	8.75	8.16
EBITDA Margin	9.23%	12.59%	3.76%	7.35%	8.00%
D&A For EBITDA	3.39	3.16	2.97	2.87	3.24
EBIT	13.85	17	2.35	5.88	4.92
EBIT Margin	7.41%	10.61%	1.66%	4.94%	4.83%
Effective Tax Rate	35.39%	31.73%	49.81%	41.04%	33.06%
Advertising Expenses	5.45	3.73	3.35	3.27	2.41

Updated Mar 14, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q