---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-25-008211"
form_type: "8-K"
ticker: "LWAY"
cik: "0000814586"
company_name: "Lifeway Foods, Inc."
filed_at: "2025-11-12T23:59:59+00:00"
generated_at: "2026-05-16T21:58:15.961617+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Lifeway Foods Q3 2025: Record net sales $57.1M, net income $3.5M, margin expands 300bps

## Summary
- Net sales $57.1M, up 24% YoY (29% on comparable basis); highest quarterly revenue in company history.
- Gross margin 28.7% vs 25.7% YoY; net income $3.5M ($0.23 per diluted share) vs $3.0M last year.
- Reiterates FY2027 Adjusted EBITDA target of $45–$50M; projects 2025E net sales $212M rising to $416M by 2029E.
- Completed first stage of Waukesha plant expansion to support capacity growth.
- Launched Muscle Mates RTD beverage with 20g protein and 5g creatine; partnerships with Erewhon and Joe & The Juice.

## SEC filing metadata
- accession: 0001683168-25-008211
- form_type: 8-K
- ticker: LWAY
- cik: 0000814586
- company_name: Lifeway Foods, Inc.
- filed_at: 2025-11-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/814586/000168316825008211/0001683168-25-008211-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/814586/000168316825008211/lifeway_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-25-008211
- JSON: https://secwatch.observer/filing/0001683168-25-008211.json
- Plain text: https://secwatch.observer/filing/0001683168-25-008211.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.