Laird Superfood, Inc. reported its financial results for the third quarter ended September 30, 2026, in an 8-K filing. The company announced that net sales for the quarter increased by 225% to $42.0 million, compared to $12.9 million in the same period in the prior year. This growth was driven by the contribution of the Navitas and Terrasoul acquisitions and expansion in the retail channel.
Financial performance for the quarter included a net income of $1.7 million, or $0.03 per basic and diluted share, compared to a net loss of $1.0 million, or $0.09 per share, in the prior year period. Adjusted EBITDA for the quarter was $2.1 million, up from $0.2 million in the prior year. The company noted that margin compression was primarily due to inflationary commodity costs, fuel and freight charges, and lower margins associated with the Terrasoul brand.
Revenue disaggregation for the quarter showed that functional foods accounted for 38% of net sales, superfood ingredients for 44%, and coffee solutions for 28%. E-commerce sales increased by 268% year-over-year and contributed 54% of total net sales, while wholesale sales increased by 187% and contributed 46% of total net sales.
For the year-to-date period ending September 30, 2026, net sales increased by 166% to $97.2 million. The company reported net income of $1.7 million for the nine-month period, compared to a net loss of $1.5 million in the prior year. Adjusted EBITDA year-to-date was $3.9 million.
As of September 30, 2026, the company held $17.3 million in cash, cash equivalents, and restricted cash, with no outstanding debt. Laird Superfood reaffirmed its fiscal year 2026 outlook, expecting consolidated net sales in the range of $135 to $140 million and Adjusted EBITDA between $5 and $6 million.
