Lifeway Foods Inc (LWAY) financials
Lifeway Foods revenue and earnings by year
Lifeway Foods's revenue was $212 million in the fiscal year to December 31, 2025, up 13.7% from the year before. Net income was $13.9 million, 6.5% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 6.2% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 212 | 187 | 160 | 142 | 119 | 102 | 94 | 103 | 119 | 124 |
| Revenue growth | 13.7% | 16.7% | 13.1% | 18.9% | 16.7% | 8.9% | -9.4% | -13.1% | -4.0% | — |
| Gross profit | 58 | 49 | 42 | 27 | 29 | 27 | 22 | 26 | 31 | 35 |
| Gross margin | 27.4% | 26.0% | 26.5% | 18.9% | 24.1% | 26.4% | 23.6% | 25.0% | 25.8% | 28.3% |
| Operating income | 16 | 14 | 17 | 2 | 6 | 5 | -2 | -3 | -1 | 6 |
| Operating margin | 7.6% | 7.4% | 10.6% | 1.7% | 4.9% | 4.8% | -2.1% | -3.0% | -0.4% | 4.9% |
| Net income | 14 | 9 | 11 | 1 | 3 | 3 | 0 | -3 | -0 | 3 |
| Net margin | 6.5% | 4.8% | 7.1% | 0.7% | 2.8% | 3.2% | 0.5% | -3.0% | -0.3% | 2.8% |
| Diluted EPS | $0.89 | $0.60 | $0.75 | $0.06 | $0.21 | $0.21 | $0.03 | -$0.19 | -$0.02 | $0.22 |
| Free cash flow | -16 | 6 | 13 | 1 | 4 | 4 | 3 | -0 | -1 | 2 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open LWAY in Markets.
How Lifeway Foods makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Drinkable Kefir | $59.4M | 88.8% |
| Cheese | $4.65M | 7.0% |
| Cream & Other | $1.89M | 2.8% |
| Drinkable Yogurt | $676K | 1.0% |
| Other Dairy | $263K | 0.4% |
See also: LWAY valuation and P/E history · LWAY returns
No forecast, no recommendation. This page describes Lifeway Foods Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.