Laird Superfood, Inc. reported its financial results for the second quarter ended June 30, 2025, with net sales growing 20% year-over-year to $12.0 million. The company achieved a gross margin of 39.9% for the quarter. This growth was primarily driven by its wholesale business.
Wholesale net sales surged 47% year-over-year, now accounting for 48% of total net sales, aligning with the company's strategy to expand this channel. E-commerce sales grew 2% year-over-year, contributing 52% of total net sales. Laird Superfood also achieved positive adjusted EBITDA of $0.1 million in Q2 2025.
For the first six months of 2025, cash used in operating activities was $4.1 million, primarily due to a strategic inventory investment, increasing inventory to $11.0 million from $6.0 million at December 31, 2024. The company reaffirmed its full-year 2025 guidance, projecting net sales growth of 20% to 25% and targeting breakeven adjusted EBITDA.
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