Lifeway Foods, Inc.
LWAYNasdaqConsumer Staples · Dairy Products · IL · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $212.5M | $186.8M | $160.1M | $141.6M | $119.1M | $102.0M |
| Operating income | $16.2M | $13.9M | $17.0M | $2.3M | $5.9M | $4.9M |
| Net income | $13.9M | $9.0M | $11.4M | $924,000 | $3.3M | $3.2M |
| Total assets | $105.6M | $90.5M | $81.7M | $69.0M | $70.9M | $61.2M |
| Total liabilities | $19.8M | $18.6M | $21.2M | $21.4M | $21.7M | $14.4M |
| Equity | $85.8M | $71.9M | $60.4M | $47.6M | $49.1M | $46.9M |
| EPS (diluted) | $0.89 | $0.60 | $0.75 | $0.06 | $0.21 | $0.21 |
| Shares out. | 15.2M | 14.7M | 14.6M | 15.5M | 15.6M | 15.6M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- 7.6%
- Net margin
- 6.5%
- Return on equity
- 16.1%
- Return on assets
- 13.1%
- Return on capital (ROCE)
- 18.2%
- Liabilities / assets
- 18.7%
- Debt / equity
- 0.23×
- Book value / share
- $5.64
- Revenue growth (YoY)
- 13.7%
- Net income growth (YoY)
- 53.6%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- 9.59safe
- Accruals / assets
- 2.8%clean
- Beneish M-Score
- -2.27normal
- Piotroski F-Score
- 5/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 1 severe● 7 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating margin is positive
- Strong return on equity (>15%)
- Revenue is growing year-over-year
- Conservative leverage (liabilities < 50% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
- Altman Z″ in the safe zone
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗Aug 15, 2022
- NT 10-Qmissed a reporting deadline ↗May 13, 2022
- NT 10-Kmissed a reporting deadline ↗Apr 1, 2022
- NT 10-Kmissed a reporting deadline ↗Mar 30, 2020
- NT 10-Qmissed a reporting deadline ↗Aug 14, 2019
- NT 10-Qmissed a reporting deadline ↗May 15, 2019
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Citadel Advisors LlcPassive (13G)May 27, 2026
- Smolyansky LudmilaActivist (13D)May 20, 2026
- Danone S.A.Activist (13D)May 20, 2026
- Divisadero Street Capital Management, LpPassive (13G)May 18, 2026
- Smolyansky EdwardActivist (13D)Feb 6, 2025
- Smolyansky JulieActivist (13D)Dec 23, 2024
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 1.0M | 5.8 | +255.8% |
| Apr 30, 2026 | 289,632 | 4.7 | +4.1% |
| Apr 15, 2026 | 278,205 | 2.8 | +18.1% |
| Mar 31, 2026 | 235,574 | 3.3 | +5.6% |
| Mar 13, 2026 | 223,038 | 6.4 | -4.0% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Entered a material agreement · Other material eventMay 14, 2026
- Results of operationsMay 14, 2026
- Results of operationsApr 1, 2026
- Results of operationsMar 17, 2026
- Director / officer changeMar 11, 2026
- Results of operationsJan 8, 2026
- Shareholder voteDec 31, 2025
- Entered a material agreement · New financial obligationDec 30, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- SCHEDULE 13GMay 27, 2026
- 4May 20, 2026
- SCHEDULE 13D/AMay 20, 2026
- SCHEDULE 13D/AMay 20, 2026
- 4May 19, 2026
- 3May 19, 2026
- 4May 19, 2026
- 4May 18, 2026
- 3May 18, 2026
- SCHEDULE 13G/AMay 18, 2026
- 4May 18, 2026
- 424B7FORM 424B3May 18, 2026
- 144May 15, 2026
- 144May 15, 2026
- 144May 14, 2026
Event-driven situations (2)
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