Estados financieros detallados de Laird Superfood, Inc. (LSF): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
Laird Superfood, Inc. registró ingresos de $49.9M en el último ejercicio fiscal, con un CAGR de 5 años del 14.1%.
Márgenes de los últimos 12 meses: margen bruto 36.9%, margen operativo -13.1%, margen neto -3.9%.
Al precio actual de $3.50, LSF presenta beneficios negativos (P/E no significativo) y un ROE del -11.36%. La capitalización bursátil es de $39M.
Cuenta de Resultados (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $8.3M | $13.1M | $25.8M | $36.8M | $35.8M | $34.2M | $43.3M | $49.9M |
| Coste de Ventas | $5.6M | $8.0M | $19.2M | $27.4M | $30.6M | $23.9M | $25.6M | $31.0M |
| Beneficio Bruto | $2.7M | $5.1M | $6.6M | $9.4M | $5.2M | $10.3M | $17.7M | $18.9M |
| I+D | $119487 | $324284 | $508170 | $1.0M | $427537 | $219723 | 0 | 0 |
| Generales y Administrativos | $11.0M | $13.5M | $19.0M | $32.3M | $28.7M | $20.8M | $15.5M | $13.2M |
| Gastos Operativos | $11.1M | $13.8M | $19.5M | $33.4M | $45.6M | $21.0M | $19.9M | $22.3M |
| Beneficio Operativo | -$8.4M | -$8.8M | -$12.9M | -$24.0M | -$40.4M | -$10.7M | -$2.2M | -$3.4M |
| EBITDA | -$8.3M | -$8.2M | -$12.4M | -$23.0M | -$22.8M | -$9.8M | -$1.5M | -$3.0M |
| Gastos por Intereses | $48228 | $48816 | 0 | 0 | 0 | 0 | 0 | 0 |
| Beneficio Antes de Impuestos | -$8.5M | -$8.5M | -$12.9M | -$23.9M | -$40.3M | -$10.1M | -$1.8M | -$3.2M |
| Impuestos | 0 | 0 | 0 | $17834 | $20269 | $15195 | $60324 | $20746 |
| Beneficio Neto | -$8.5M | -$8.5M | -$12.9M | -$23.9M | -$40.3M | -$10.2M | -$1.8M | -$3.3M |
| BPA | $-1.71 | $-0.12 | $-2.61 | $-2.66 | $-4.41 | $-1.09 | $-0.18 | $-0.31 |
| BPA Diluido | $-1.71 | $-0.12 | $-2.61 | $-2.66 | $-4.41 | $-1.09 | $-0.18 | $-0.31 |
| Acciones en Circulación (Diluidas) | $5.4M | $8.8M | $5.5M | $9.0M | $9.1M | $9.3M | $9.9M | $10.6M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $3.0M | $13.3M | $13.9M | $41.3M |
| Beneficio Bruto | $4.7M | $4.5M | $4.6M | $12.5M |
| Beneficio Operativo | -$2.7M | -$1.8M | -$3.0M | -$1.9M |
| EBITDA | -$907798 | -$1.7M | -$2.8M | -$1.9M |
| Beneficio Neto | -$975066 | -$1.8M | $1.8M | -$1.8M |
| BPA | $-0.09 | $-0.17 | $0.12 | $-0.25 |
| BPA Diluido | $-0.09 | $-0.17 | $0.11 | $-0.25 |
Balance (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $17.3M | $1.0M | $57.0M | $23.0M | $17.3M | $7.6M | $8.3M | $5.3M |
| Inversiones a Corto | 0 | $5.5M | $8.7M | $8.6M | $134896 | $238719 | $222483 | 0 |
| Cuentas por Cobrar | $374872 | $384806 | $839659 | $1.3M | $1.5M | $1.0M | $1.8M | $3.9M |
| Inventario | $1.2M | $2.4M | $6.3M | $10.2M | $6.6M | $6.3M | $6.8M | $7.8M |
| Activos Corrientes | $19.6M | $10.0M | $76.0M | $47.7M | $27.5M | $16.3M | $18.0M | $18.8M |
| Inmovilizado Material | $985788 | $3.2M | $3.5M | $4.5M | $284211 | $477327 | $264150 | $170080 |
| Fondo de Comercio | 0 | 0 | 0 | $6.5M | 0 | 0 | 0 | 0 |
| Activos Intangibles | $132100 | $132100 | $137092 | $4.8M | $1.4M | $1.2M | $1.0M | $207100 |
| Activos Totales | $22.7M | $16.4M | $82.3M | $65.8M | $30.0M | $18.0M | $19.3M | $19.2M |
| Cuentas por Pagar | $785492 | $724751 | $1.3M | $888768 | $1.1M | $1.6M | $2.1M | $3.1M |
| Deuda a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $109145 |
| Pasivos Corrientes | $1.1M | $1.5M | $2.7M | $3.8M | $7.5M | $4.4M | $5.9M | $7.7M |
| Deuda a Largo | $101000 | $51000 | $51000 | 0 | 0 | 0 | 0 | $46730 |
| Pasivos Totales | $22.9M | $8.3M | $2.8M | $3.8M | $7.5M | $4.6M | $6.1M | $7.8M |
| Reservas | -$10.6M | -$19.1M | -$31.9M | -$55.8M | -$96.1M | -$106.3M | -$108.1M | -$111.4M |
| Patrimonio Neto | $21.5M | $8.1M | $79.5M | $62.1M | $22.5M | $13.4M | $13.2M | $11.5M |
| Deuda Total | $101000 | $51000 | $51000 | 0 | $135921 | $382636 | $246430 | $155875 |
| Deuda Neta | -$17.2M | -$6.4M | -$65.6M | -$31.7M | -$17.3M | -$7.4M | -$8.3M | -$5.2M |
| Capital Circulante | $18.5M | $8.5M | $73.3M | $43.9M | $20.1M | $12.0M | $12.0M | $11.1M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $5.3M | $5.3M | $10.5M | $23.2M |
| Activos Totales | $18.9M | $19.2M | $74.9M | $145.7M |
| Pasivos Totales | $6.0M | $7.8M | $12.0M | $134.7M |
| Patrimonio Neto | $12.8M | $11.5M | $62.9M | $11.0M |
| Deuda Total | $179152 | $155875 | $580584 | $3.8M |
Flujo de Caja (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$8.5M | -$8.5M | -$12.9M | -$23.9M | -$40.3M | -$10.2M | -$1.8M | -$3.3M |
| Amortizaciones | $138800 | $300561 | $484773 | $981598 | $1.1M | $306176 | $270271 | $253719 |
| Compensación en Acciones | $905843 | 0 | $2.4M | $4.0M | $631227 | $1.1M | $1.6M | $1.9M |
| Cambio en Capital Circulante | -$2.3M | -$2.0M | -$5.0M | -$3.8M | $4.4M | -$3.6M | $45105 | -$3.1M |
| Flujo de Caja Operativo | -$9.5M | -$9.4M | -$14.7M | -$22.1M | -$14.3M | -$10.8M | $865502 | -$2.8M |
| Inversiones (CapEx) | -$717657 | -$2.4M | -$1.1M | -$2.2M | -$1.2M | -$144023 | -$24776 | -$76455 |
| Adquisiciones | 0 | 0 | 0 | -$10.4M | 0 | 0 | 0 | 0 |
| Recompra de Acciones | -$1.5M | -$8.6M | -$20532 | 0 | 0 | -$27422 | -$70926 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$10.2M | -$11.9M | -$15.7M | -$24.3M | -$15.5M | -$10.9M | $840726 | -$2.9M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $1.2M | $68414 | -$3.8M | $1.5M |
| Inversiones (CapEx) | $4185 | -$4 | -$3878 | -$42196 |
| Flujo de Caja Libre | $1.3M | $68410 | -$3.8M | $1.4M |
| Dividendos Pagados | 0 | 0 | -$98308 | 0 |
| Compensación en Acciones | $439450 | $447077 | $371952 | $280537 |
Crecimiento y Márgenes (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +58.0% | +96.8% | +42.8% | -2.7% | -4.5% | +26.5% | +15.2% |
| Crecimiento Beneficio Neto (anual) | | -0.5% | -51.1% | -85.8% | -69.0% | +74.8% | +82.1% | -78.7% |
| Crecimiento BPA (anual) | | +93.0% | -2075.0% | -1.9% | -65.8% | +75.3% | +83.5% | -72.2% |
| Cambio en Acciones (anual) | | +63.3% | -36.8% | +62.0% | +1.8% | +1.7% | +7.0% | +6.1% |
| Crecimiento FCF (anual) | | -16.8% | -32.5% | -54.3% | +36.3% | +29.5% | +107.7% | -440.4% |
| Margen Bruto | 32.1% | 38.8% | 25.5% | 25.6% | 14.5% | 30.1% | 40.9% | 37.9% |
| Margen Operativo | -101.7% | -66.8% | -50.1% | -65.1% | -112.7% | -31.3% | -5.0% | -6.8% |
| Margen EBITDA | -99.8% | -62.2% | -48.3% | -62.4% | -63.7% | -28.8% | -3.4% | -6.0% |
| Margen Neto | -102.0% | -64.9% | -49.8% | -64.8% | -112.6% | -29.7% | -4.2% | -6.5% |
| Margen FCF | -122.7% | -90.7% | -61.1% | -66.0% | -43.2% | -31.9% | 1.9% | -5.7% |
| Tasa Impositiva Efectiva | -0.0% | -0.0% | -0.0% | -0.1% | -0.1% | -0.1% | -3.4% | -0.6% |
Datos por Acción (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-1.89 | $-1.35 | $-2.84 | $-2.70 | $-1.69 | $-1.17 | $0.08 | $-0.27 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $5.4M | $8.8M | $5.5M | $9.0M | $9.1M | $9.3M | $9.9M | $10.6M |
Qué mirar en empresas de Consumer Defensive
- Margen bruto (estable 5a) (Estable ≥35%) — Pricing power de marca — Coca-Cola no pierde margen ni en crisis.
- ROE / ROIC estables (ROE ≥15% estable) — Defensivas tienen ROE alto consistente — los 'stalwarts' de Lynch.
- FCF / Beneficio Neto (≥90%) — Conversión de beneficios a caja — los mejores superan 95%.
- Crecimiento del dividendo 10a (≥6%/año) — Los Dividend Aristocrats suben 25+ años — señal de moat.
- Payout Ratio (<75%) — >80% = dividendo en riesgo. <60% cómodo.
- Deuda Neta / EBITDA (<2,5x) — Una defensiva con mucha deuda pierde su esencia.
Rentabilidad
| Rentabilidad sobre capital | -11.36% |
| Rentabilidad sobre capital invertido | -2.78% |
| Rentabilidad sobre activos | -1.91% |
| Margen bruto | 36.89% |
| Margen operativo | -13.11% |
| Margen neto | -3.89% |
Salud financiera
| Deuda / Patrimonio | 0.34 |
| Ratio corriente | 3.05 |
Ratios Clave (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -23.86 | -340.00 | -18.13 | -4.90 | -0.19 | -0.83 | -43.78 | -7.16 |
| P/VC | 10.21 | 44.13 | 3.30 | 1.89 | 0.34 | 0.63 | 5.94 | 2.04 |
| P/V | 26.43 | 27.32 | 10.18 | 3.18 | 0.21 | 0.25 | 1.81 | 0.47 |
| Margen Bruto | 32.1% | 38.8% | 25.5% | 25.6% | 14.5% | 30.1% | 40.9% | 37.9% |
| Margen Operativo | -101.7% | -66.8% | -50.1% | -65.1% | -112.7% | -31.3% | -5.0% | -6.8% |
| Margen Neto | -102.0% | -64.9% | -49.8% | -64.8% | -112.6% | -29.7% | -4.2% | -6.5% |