Lifeway Foods, Inc. is a U.S. dairy producer founded in 1986 that manufactures and markets kefir, probiotic-based products, and natural foods. The company’s primary product is drinkable kefir, a cultured dairy item high in protein, calcium, and vitamin D, sold in organic and non-organic varieties. Additional product categories include European-style soft cheeses such as farmer cheese and Sweet Kiss, drinkable yogurt, cream, and ProBugs, a line of kefir products designed for children. Lifeway operates under the Lifeway, Fresh Made, and GlenOaks Farms brand names, as well as private labels for select customers. The company manufactures products at facilities in Illinois, Wisconsin, and Pennsylvania, and utilizes co-packers in California and Ireland to serve domestic and international markets. Its primary market is the United States, with distribution through retail-direct, distributor, and direct store delivery channels. Lifeway also serves markets in Mexico, Central and South America, the Caribbean, France, Ireland, and the Middle East via third-party co-manufacturing and distributor arrangements.

Summarised from the company's own disclosures, fiscal year ended Mar 2026

Industry Packaged Foods Homepage lifewaykefir.com
Sector Consumer Defensive IR page lifewaykefir.com/investor-relations
Tags
kefir, probiotics, cultured dairy, soft cheese, drinkable yogurt, private label, natural foods, dairy products, Lifeway, Fresh Made, GlenOaks Farms, ProBugs, Sweet Kiss
Press page lifewaykefir.com/press-releases

Metrics

Valuation  
Market cap $ 341.977M
P/E 566.00
P/BV 4.04
P/S 1.41
P/OCF 30.47
P/FCF -10.99
Dividend yield —
Turnover / mcap —
Returns  
ROE 17.6%
ROI 17.2%
ROIC 14.1%
Profit margin 6.5%
Growth  
Revenue growing Yes
Profits growing Yes
Revenue up 3y Yes
Revenue up 5y Yes
Quality  
Profitable Yes
Margin expanding No
Buying back stock No
Diluting (TTM) No
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News sentiment (TTM) 28
Quality score 23.5%
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Figure FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 FY 2019 FY 2018 FY 2017 FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010 FY 2009 FY 2008 FY 2007
Revenue 212.496M 186.82M 160.123M 141.568M 119.065M 102.026M 93.662M 103.35M 118.893M 123.879M 137.244M 130.216M 97.524M 81.351M 69.97M 58.5M 58.116M 44.461M 38.729M
Free cash flow -16.413M 6.265M 12.59M 538K 3.642M 4.49M 2.633M -407K -1.533M 1.867M 4.75M 1.408M -2.639M 5.199M 2.603M 3.387M 5.837M 2.576M 522.258K

Figure FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 FY 2019 FY 2018 FY 2017 FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010 FY 2009 FY 2008 FY 2007
Share price 24.23 24.8 13.41 5.55 4.62 5.41 1.99 1.88 8 11.51 11.1 18.53 15.98 10.15 10.65 — — — —
Price performance 12m -0.02 0.85 1.42 0.2 -0.15 1.72 0.06 -0.76 -0.31 0.04 -0.4 0.16 0.57 -0.05 0.09 — — — —

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$66.9 million in net sales, up 24.1% year-over-year and $3.9 million above the prior quarterly record

27th consecutive quarter of year-over-year net sales growth; first-half 2026 net sales reach $129.9 million, up 29.9%

Morton Grove, IL — August 13, 2026 — Lifeway Foods, Inc. (Nasdaq: LWAY) (“Lifeway” or “the Company”), the leading U.S. supplier of kefir and fermented probiotic foods, today announced financial results for the second quarter ended June 30, 2026.

“Lifeway delivered the highest quarterly net sales in Company history, reaching $66.9 million and exceeding our prior record by $3.9 million,” said Julie Smolyansky, President and Chief Executive Officer of Lifeway Foods. “Net sales increased 24% year-over-year, on top of a record second quarter in 2025, and marked our 27th consecutive quarter of year-over-year growth. As America’s original authentic kefir brand, Lifeway has spent 40 years building the trust, expertise, nationwide distribution and retailer relationships that underpin our category leadership.

On June 30, 2026, Lifeway Foods, Inc. (“Lifeway”) and CIBC Bank USA, Lifeway’s current lender (the “Lender”) entered into a Master Security Agreement (the “MSA”). The MSA provides for loan advances under an Interim Funding Agreement (the “Interim Funding Agreement”) to finance or refinance the acquisition of equipment, subject to Lender’s acceptance of collateral documentation, up to $22,000,000 in the aggregate, during an interim funding period which expires June 30, 2027. Interest on the loan advances is payable monthly in arrears at the 1-month Term Secured Overnight Financing Rate (“SOFR”) plus 1.65%.

Upon the conclusion of loan advances under the Interim Funding Agreement, and the execution of a Collateral Schedule by Lender and Lifeway, all loan advances outstanding on the date of such Collateral Schedule (the “Conversion Date”), shall be converted into the Equipment Guidance Line Note (the “Note”). The note is payable in monthly installments of principal and interest and matures five years after the Conversion Date. Interest is payable monthly in arrears at the 1-month Term Secured Overnight Financing Rate (“SOFR”) plus 1.65%.

Lifeway® Foods’ Farmer Cheese Selected as a Good Housekeeping 2026 Snack Awards

Winner

Leading kefir brand’s high protein cottage cheese alternative

MORTON GROVE, Ill., June 29, 2026 – Lifeway Foods, Inc. (Nasdaq: LWAY) ("Lifeway" or the "Company"),

the leading U.S. supplier of kefir and fermented probiotic products to support the microbiome, announced

today that its Farmer Cheese was named a winner in Good Housekeeping’s 2026 Snack Awards. The full list of

awards can be found on goodhousekeeping.com/snacks2026.

Lifeway Farmer Cheese is a premium cultured soft cheese made with Lifeway Foods’ small-batch, artisanal

recipe, combining a flavor profile similar to cottage cheese with the creamy, spreadable texture of cream

cheese. Designed to support digestive health and overall wellness, its nutrient-rich profile includes 12 live and

active probiotic cultures, 15 grams of high-quality, bioavailable protein, and 120 mg of calcium per serving.

Farmer Cheese is also lactose intolerance-friendly, gluten-free, and naturally low in sodium with no added salt

or sugar, making it a satisfying and nutritious way to elevate everyday meals, from toast and sandwiches to

smoothies and desserts.

This year marks the second time Lifeway Farmer Cheese has been named a winner in Good Housekeeping’s

Snack Awards, reinforcing the product’s growing popularity among consumers as demand continues to rise for

protein-rich, gut-friendly foods. The recognition follows a milestone year for the brand, including its recent

expansion of Farmer Cheese into 2,000 Walmart locations nationwide, further increasing access for shoppers

across the country.

Lifeway Foods Farmer Cheese is available at grocers nationwide. The creamy, blended consistency makes it

the perfect texture for a wide variety of sweet and savory dishes, and it frequently appears as a key ingredient

in viral recipe trends like Japanese cheesecake, dot cakes, and upgraded cottage cheese ice cream. To find it

near you, visit: https://lifewaykefir.com/where-to-buy/.

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Lifeway Foods, Inc. (ticker LWAY), listed in United States.