LSF News & Events

For fiscal year 2026, the Company expects consolidated Net sales in the range of $138 to $148 million reflecting a full year of Laird Superfood and the post-acquisition contributions of Navitas and Terrasoul. Adjusted EBITDA is expected to be in the range of $8 to $12 million for fiscal 2026, reflecting a full year of Laird Superfood and the post-acquisition contributions of Navitas and Terrasoul, driven by top-line growth and early synergy realization. Adjusted EBITDA excludes transaction and integration costs, which are one-time in nature.

Reports Q1 revenue $13.9M, consensus $14.51M. Jason Vieth, Chief Executive Officer, commented, "The first quarter of 2026 marked a transformative period for Laird Superfood. We completed the acquisition of Navitas Organics in March, adding one of the most trusted names in the superfood category to our platform, and followed that shortly after quarter-end with the acquisition of Terrasoul Superfoods in April - establishing Laird Superfood as a scaled, multi-brand superfood platform. Our combined business continued to deliver strong top-line momentum, with Net sales growing 20% vs last year, driven by wholesale growth, continued strength on Amazon, and the inclusion of Navitas Organics. We are now focused on executing our integration playbook across all three businesses, capturing synergies, and building the infrastructure to support long-term profitable growth. While near-term results will reflect the costs and complexity of integrating two acquisitions in quick succession, we are confident in our strategic position and ability to create lasting value for our customers, partners, and shareholders."

Laird Superfood completed the acquisition of Terrasoul Superfoods for $48M in cash, subject to customary purchase price adjustments, with an additional earnout of up to $5M payable in cash if certain performance-based milestones are achieved. For the fiscal year ended December 31, 2025, Terrasoul generated unaudited Net Sales of approximately $65.8M The Terrasoul Acquisition was funded through a concurrent private placement of $60M of Series A Convertible Preferred Stock to affiliates of Nexus Capital Management that was previously committed under Laird Superfood's investment agreement with Nexus, which was approved by the Company's stockholders on March 12, 2026 in connection with the Navitas Organics transaction for future acquisitions on substantially the same terms. Following the incremental investment, Nexus will own approximately 71.7% of the issued and outstanding shares of Laird Superfood on a fully diluted, as-converted basis.