LWAY (LWAY) financial statements
LWAY reported revenue of $212M in fiscal 2025, up 6.2% a year over 9 years.
Net income was $14M and the operating margin 7.6%, against 4.9% in 2016.
Free cash flow was -$16M.
The diluted share count fell 4% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from LWAY's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $124M | $119M | $103M | $94M | $102M | $119M | $142M | $160M | $187M | $212M |
| Cost of revenue | $89M | $88M | $77M | $72M | $75M | $90M | $115M | $118M | $138M | $154M |
| Gross profit | $35M | $31M | $26M | $22M | $27M | $29M | $27M | $42M | $49M | $58M |
| Selling, general and admin | $28M | $31M | $27M | $24M | $22M | $23M | $24M | $25M | $34M | $41M |
| Operating income | $6M | -$526,000 | -$3M | -$2M | $5M | $6M | $2M | $17M | $14M | $16M |
| Interest expense | $220,000 | $242,000 | $271,000 | $249,000 | $118,000 | $116,000 | $267,000 | $384,000 | $105,000 | $77,000 |
| Pre-tax income | $6M | -$804,000 | -$3M | $1M | $5M | $6M | $2M | $17M | $14M | $20M |
| Income tax | $2M | -$458,000 | -$225,000 | $782,000 | $2M | $2M | $917,000 | $5M | $5M | $6M |
| Net income | $3M | -$346,000 | -$3M | $453,000 | $3M | $3M | $924,000 | $11M | $9M | $14M |
| EPS (diluted) | $0.22 | -$0.02 | -$0.19 | $0.03 | $0.21 | $0.21 | $0.06 | $0.75 | $0.60 | $0.89 |
| Diluted shares | 16M | 16M | 16M | 16M | 16M | 16M | 16M | 15M | 15M | 16M |
| Gross margin | 28.3% | 25.8% | 25.0% | 23.6% | 26.4% | 24.1% | 18.9% | 26.5% | 26.0% | 27.4% |
| Operating margin | 4.9% | -0.4% | -3.0% | -2.1% | 4.8% | 4.9% | 1.7% | 10.6% | 7.4% | 7.6% |
| Net margin | 2.8% | -0.3% | -3.0% | 0.5% | 3.2% | 2.8% | 0.7% | 7.1% | 4.8% | 6.5% |
Balance sheet
Fiscal years, from LWAY's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $9M | $5M | $3M | $4M | $8M | $9M | $4M | $13M | $17M | $6M |
| Receivables | $10M | $9M | $6M | $7M | $8M | $10M | $11M | $14M | $15M | $17M |
| Inventory | $8M | $8M | $6M | $6M | $7M | $8M | $10M | $9M | $9M | $12M |
| Total current assets | $28M | $25M | $19M | $19M | $24M | $29M | $27M | $38M | $44M | $37M |
| Property, plant and equipment | $22M | $25M | $25M | $22M | $21M | $20M | $21M | $23M | $27M | $48M |
| Goodwill | $10M | $10M | $9M | $9M | $13M | $12M | $12M | $12M | $12M | $12M |
| Total assets | $65M | $65M | $57M | $57M | $61M | $71M | $69M | $82M | $91M | $106M |
| Total current liabilities | $9M | $13M | $7M | $10M | $8M | $12M | $13M | $17M | $16M | $17M |
| Long-term debt | — | — | — | — | $0 | $3M | $2M | — | — | — |
| Total liabilities | $17M | $18M | $14M | $14M | $14M | $22M | $21M | $21M | $19M | $20M |
| Shareholders' equity | $48M | $47M | $42M | $43M | $47M | $49M | $48M | $60M | $72M | $86M |
| Net debt | -$9M | -$5M | -$3M | -$4M | -$8M | -$5M | -$717,000 | -$13M | -$17M | -$6M |
Cash flow
Fiscal years, from LWAY's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $5M | $4M | $2M | $4M | $6M | $6M | $4M | $17M | $13M | $11M |
| Capital spending | $3M | $5M | $3M | $1M | $2M | $2M | $3M | $4M | $7M | $27M |
| Free cash flow | $2M | -$2M | -$407,000 | $3M | $4M | $4M | $538,000 | $13M | $6M | -$16M |
| Stock-based compensation | $326,000 | $596,000 | $802,000 | $838,000 | $393,000 | $1M | $1M | $1M | $2M | $2M |
| Share buybacks (net) | -$738,000 | -$1M | -$1M | -$538,000 | -$405,000 | -$2M | -$4M | $0 | — | — |
| Free cash flow margin | 1.5% | -1.3% | -0.4% | 2.8% | 4.4% | 3.1% | 0.4% | 7.9% | 3.4% | -7.7% |
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Open LWAY in InvestinglyQuestions
What was LWAY's revenue in 2025?
$212M in fiscal 2025, from its 10-K filing.
How much free cash flow does LWAY generate?
-$16M in fiscal 2025 (operating cash flow minus capital spending).
From LWAY's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.