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Lifeway Foods (LWAY) earnings
Lifeway Foods earnings: last reported Thu, 13 Aug 2026, for the quarter ended Jun 2026.
Lifeway Foods earnings callsLifeway Foods earnings calls (LWAY)
Latest concall · Q2 2026 · call held call held 13 Aug 2026
Lifeway Foods Q2 FY26 — Record Net Sales Amidst Cost Headwinds
What went well
- Net sales reached a record $66.9 million in Q2 FY26, an increase of 24.1% year-over-year.
- Achieved 27th consecutive quarter of year-over-year net sales growth, demonstrating consistent demand.
- First half net sales grew 29.9% year-over-year to $129.9 million.
What to watch
- Gross margin compressed to 19.5% in Q2 FY26 due to elevated milk prices, temporary resin costs, and oil-related transportation costs.
- SG&A increased to 18.4% of net sales in Q2 FY26, up from 17.6% last year, reflecting continued investments.
Performance −21.6% 1Y
1Y: $27.03 on 29 Sept 2025 → $21.19. High $32.33 (14 Jul 2026), low $17.8 (20 Mar 2026).
Quarterly results
Q2 FY26: revenue up 24.1%, net profit down 97.0% against the same quarter last year.
| Line item | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 46 | 47 | 46 | 54 | 57 +24% | 55 +18% | 63 +37% | 67 +24% |
| EBITDA | 4 | 1 | 2 | 6 | 5 +20% | 4 +428% | 6 +302% | 1 −90% |
| Net profit | 3 | -0 | 4 | 4 | 4 +19% | 3 +1688% | 5 +32% | 0 −97% |
How to read this
US$ million, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Balance sheet
| Year ending | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Equity capital | $6.51M | $6.51M | $6.51M | $6.51M | $6.51M | $6.51M |
| Reserves | $50.20M | $53.51M | $54.43M | $65.80M | $74.82M | $88.68M |
| Total liabilities | $14.39M | $21.74M | $21.43M | $21.22M | $18.64M | $19.79M |
| Fixed assets | $21.05M | $20.13M | $20.91M | $22.76M | $26.86M | $48.28M |
| Total assets | $61.25M | $70.87M | $69.00M | $81.65M | $90.55M | $105.61M |
How to read this
As filed on each reporting date, including interim balance sheets. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Insider filings
74 filings between Oct 1, 2025 and Aug 31, 2026.
Open market
decisions to buy or sellPurchases
$14.58M
12 purchases by 3 insiders
Sales
$95.13M
40 sales by 3 insiders
Compensation
not trading decisions- 3
- Award — granted as compensation
- 11
- Option exercise — converted options into shares
- 7
- Tax withheld — shares kept back by the company to cover tax
Also filed: 1 disposition to issuer.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Danone S.A. | — | $67.37M | May 14, 2026 |
| SMOLYANSKY EDWARD | — | $18.46M | Aug 14, 2026 |
| Divisadero Street Capital Management, LP | $10.33M | — | Aug 17, 2026 |
| SMOLYANSKY LUDMILA | — | $9.30M | Jul 22, 2026 |
| Zolezzi William | $4.20M | — | May 15, 2026 |
| SMOLYANSKY JULIE | $50.5K | — | Aug 19, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 31, 2026 | McWhorter Dorri Director | Option exercise | 1,550 | $0 |
| Aug 19, 2026 | SMOLYANSKY JULIE CEO, President and Secretary | Purchase | 2,000 | $50.5K |
| Aug 17, 2026 | Divisadero Street Capital Management, LP 10% owner | Purchase | 35,952 | $890.9K |
| Aug 14, 2026 | Divisadero Street Capital Management, LP 10% owner | Purchase | 15,000 | $370.4K |
| Aug 14, 2026 | SMOLYANSKY EDWARD 10% owner | Sale | 29,931 | $745.0K |
| Aug 14, 2026 | SMOLYANSKY EDWARD 10% owner | Sale | 31 | $822 |
| Aug 14, 2026 | SMOLYANSKY EDWARD 10% owner | Sale | 45,038 | $1.16M |
| Aug 13, 2026 | Divisadero Street Capital Management, LP 10% owner | Purchase | 195,616 | $4.87M |
| Aug 12, 2026 | SMOLYANSKY EDWARD 10% owner | Sale | 35,000 | $1.01M |
| Jul 22, 2026 | SMOLYANSKY LUDMILA Insider | Sale | 40,000 | $1.18M |
| Jul 22, 2026 | SMOLYANSKY LUDMILA Insider | Sale | 60,000 | $1.83M |
| Jul 15, 2026 | SMOLYANSKY EDWARD 10% owner | Sale | 24,653 | $776.8K |
| Jul 15, 2026 | SMOLYANSKY EDWARD 10% owner | Sale | 42,263 | $1.37M |
| Jul 7, 2026 | SMOLYANSKY EDWARD 10% owner | Sale | 39,098 | $1.15M |
| Jul 6, 2026 | SMOLYANSKY EDWARD 10% owner | Sale | 7,984 | $237.8K |
| Jul 1, 2026 | McWhorter Dorri Director | Option exercise | 1,356 | — |
| Jun 30, 2026 | SMOLYANSKY EDWARD 10% owner | Sale | 50,000 | $1.48M |
| Jun 29, 2026 | SMOLYANSKY EDWARD 10% owner | Sale | 14,542 | $438.0K |
| Jun 26, 2026 | SMOLYANSKY EDWARD 10% owner | Sale | 55,754 | $1.60M |
| Jun 26, 2026 | SMOLYANSKY EDWARD 10% owner | Sale | 55,794 | $1.67M |
| Jun 25, 2026 | SMOLYANSKY LUDMILA Insider | Sale | 45,616 | $1.35M |
| Jun 24, 2026 | SMOLYANSKY LUDMILA Insider | Sale | 40,000 | $1.20M |
| Jun 24, 2026 | SMOLYANSKY EDWARD 10% owner | Sale | 1,793 | $54.7K |
| Jun 24, 2026 | SMOLYANSKY EDWARD 10% owner | Sale | 36,659 | $1.09M |
| Jun 22, 2026 | SMOLYANSKY EDWARD 10% owner | Sale | 50,000 | $1.31M |
| Jun 17, 2026 | SMOLYANSKY JULIE CEO, President and Secretary | Option exercise | 3,397 | $0 |
| Jun 17, 2026 | SMOLYANSKY JULIE CEO, President and Secretary | Option exercise | 6,070 | $0 |
| Jun 17, 2026 | SMOLYANSKY JULIE CEO, President and Secretary | Tax withheld | 4,012 | $100.3K |
| Jun 17, 2026 | SMOLYANSKY JULIE CEO, President and Secretary | Option exercise | 486 | $0 |
| Jun 17, 2026 | SMOLYANSKY JULIE CEO, President and Secretary | Tax withheld | 239 | $6.0K |
| Jun 17, 2026 | SMOLYANSKY JULIE CEO, President and Secretary | Option exercise | 340 | $0 |
| Jun 16, 2026 | SMOLYANSKY JULIE CEO, President and Secretary | Tax withheld | 53,215 | $1.32M |
| Jun 16, 2026 | SMOLYANSKY JULIE CEO, President and Secretary | Option exercise | 108,426 | $0 |
| Jun 16, 2026 | Hanson Eric A CFO | Tax withheld | 994 | $24.6K |
| Jun 16, 2026 | SMOLYANSKY JULIE CEO, President and Secretary | Option exercise | 12,111 | $0 |
| Jun 16, 2026 | Hanson Eric A CFO | Award | 2,390 | $0 |
| Jun 10, 2026 | SMOLYANSKY LUDMILA Insider | Sale | 20,000 | $480.4K |
| May 15, 2026 | SMOLYANSKY LUDMILA Insider | Sale | 20,000 | $492.8K |
| May 15, 2026 | Zolezzi William 10% owner | Purchase | 33,174 | $838.3K |
| May 15, 2026 | SMOLYANSKY EDWARD 10% owner | Sale | 12,612 | $321.1K |
| May 15, 2026 | SMOLYANSKY EDWARD 10% owner | Sale | 11,388 | $275.7K |
| May 15, 2026 | Divisadero Street Capital Management, LP 10% owner | Purchase | 33,174 | $838.3K |
| May 14, 2026 | Danone S.A. 10% owner | Sale | 3,454,756 | $67.37M |
| May 14, 2026 | Zolezzi William 10% owner | Purchase | 95,371 | $2.41M |
| May 14, 2026 | Zolezzi William 10% owner | Purchase | 1,500 | $34.5K |
| May 14, 2026 | Zolezzi William 10% owner | Purchase | 35,000 | $921.4K |
| May 14, 2026 | SMOLYANSKY EDWARD 10% owner | Sale | 2,182 | $57.3K |
| May 14, 2026 | SMOLYANSKY EDWARD 10% owner | Sale | 22,818 | $576.2K |
| May 14, 2026 | Divisadero Street Capital Management, LP 10% owner | Purchase | 35,000 | $921.4K |
| May 14, 2026 | Divisadero Street Capital Management, LP 10% owner | Purchase | 1,500 | $34.5K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.