LEAFLY HOLDINGS INC Financials

LFLY

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2025 Currency USD FYE December

Financial Health Signals

Financial Profile 0/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

LEAFLY HOLDINGS INC has an operating margin of -9.0%, meaning the company retains $-9 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -16.7% the prior year.

Growth

LEAFLY HOLDINGS INC's revenue declined 18% year-over-year, from $42.3M to $34.6M. This contraction results in a growth score of 0/100.

Liquidity

LEAFLY HOLDINGS INC's current ratio of 0.48 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.

Cash Flow

While LEAFLY HOLDINGS INC generated $1.3M in operating cash flow, capex of $1.5M consumed most of it, leaving -$140K in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Neutral

4/9

LEAFLY HOLDINGS INC passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Mixed

-0.23x

For every $1 of reported earnings, LEAFLY HOLDINGS INC generates $-0.23 in operating cash flow ($1.3M OCF vs -$5.7M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-1.2x

LEAFLY HOLDINGS INC earns $-1.2 in operating income for every $1 of interest expense (-$3.1M vs $2.5M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

This page shows LEAFLY HOLDINGS INC (LFLY) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$34.6M

YoY-18.0%

LEAFLY HOLDINGS INC generated $34.6M in revenue in fiscal year 2024. This represents a decrease of 18.0% from the prior year.

EBITDA

-$1.7M

YoY+71.8%

LEAFLY HOLDINGS INC's EBITDA was -$1.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 71.8% from the prior year.

Free Cash Flow

-$140K

YoY+98.6%

LEAFLY HOLDINGS INC generated -$140K in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 98.6% from the prior year.

Net Income

-$5.7M

YoY+39.5%

LEAFLY HOLDINGS INC reported -$5.7M in net income in fiscal year 2024. This represents an increase of 39.5% from the prior year.

EPS (Diluted)

$-2.30

YoY+51.5%

LEAFLY HOLDINGS INC earned $-2.30 per diluted share (EPS) in fiscal year 2024. This represents an increase of 51.5% from the prior year.

Cash & Debt

$14.5M

YoY-5.0%

LEAFLY HOLDINGS INC held $14.5M in cash against $29.4M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

N/A

Gross Margin

89.4%

YoY+0.8pp

LEAFLY HOLDINGS INC's gross margin was 89.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 0.8 percentage points from the prior year.

Operating Margin

-9.0%

YoY+7.6pp

LEAFLY HOLDINGS INC's operating margin was -9.0% in fiscal year 2024, reflecting core business profitability. This is up 7.6 percentage points from the prior year.

Net Margin

-16.6%

YoY+5.9pp

LEAFLY HOLDINGS INC's net profit margin was -16.6% in fiscal year 2024, showing the share of revenue converted to profit. This is up 5.9 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

$9.2M

YoY-6.6%

LEAFLY HOLDINGS INC invested $9.2M in research and development in fiscal year 2024. This represents a decrease of 6.6% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$1.5M

YoY+8.9%

LEAFLY HOLDINGS INC invested $1.5M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 8.9% from the prior year.

LFLY Income Statement

Metric	FY24	FY23	FY22	FY21	FY20
Revenue	$34.6M-18.0%	$42.3M-10.8%	$47.4M+10.1%	$43.0M	N/A
Cost of Revenue	$3.7M-23.4%	$4.8M-18.1%	$5.9M+17.6%	$5.0M	N/A
Gross Profit	$31.0M-17.3%	$37.5M-9.8%	$41.5M+9.1%	$38.1M	N/A
R&D Expenses	$9.2M-6.6%	$9.8M-34.3%	$15.0M+7.9%	$13.9M	N/A
SG&A Expenses	$15.6M-29.8%	$22.1M-19.3%	$27.4M+81.2%	$15.1M	N/A
Operating Income	-$3.1M+55.5%	-$7.1M+74.8%	-$28.0M-163.6%	-$10.6M-1506.9%	-$661K
Interest Expense	-$2.5M+9.5%	-$2.8M+1.2%	-$2.8M-108.4%	-$1.3M	N/A
Income Tax	$0	$0	$0	$0-100.0%	$27K
Net Income	-$5.7M+39.5%	-$9.5M-287.3%	$5.1M+142.2%	-$12.0M-541.6%	-$1.9M
EPS (Diluted)	$-2.30+51.5%	$-4.74-289.6%	$2.50+620.8%	$-0.48	$-0.11

Metric	Q1'25	Q1'24	Q3'24	Q2'24	Q4'23	Q3'23	Q2'23	Q1'23
Revenue	$7.9M-7.5%	$8.5M+2.0%	$8.4M-4.2%	$8.7M-10.5%	$9.7M-7.9%	$10.6M-0.9%	$10.7M-5.1%	$11.2M
Cost of Revenue	$802K-4.3%	$838K-7.3%	$904K-5.7%	$959K-9.0%	$1.1M-9.4%	$1.2M-6.1%	$1.2M-8.0%	$1.3M
Gross Profit	$7.1M-7.8%	$7.7M+3.1%	$7.4M-4.0%	$7.8M-10.7%	$8.7M-7.7%	$9.4M-0.2%	$9.4M-4.7%	$9.9M
R&D Expenses	$2.1M-2.9%	$2.2M-0.3%	$2.2M-7.2%	$2.4M+38.6%	$1.7M-32.3%	$2.5M+9.2%	$2.3M-29.3%	$3.3M
SG&A Expenses	$4.0M+16.3%	$3.5M-4.9%	$3.6M-0.4%	$3.7M-21.8%	$4.7M-19.4%	$5.8M+15.6%	$5.0M-24.7%	$6.7M
Operating Income	-$1.2M-536.4%	-$195K+64.4%	-$547K+15.3%	-$646K-625.2%	$123K+108.3%	-$1.5M-96.4%	-$751K+84.8%	-$4.9M
Interest Expense	-$547K+14.7%	-$641K-1.9%	-$629K+1.4%	-$638K-2.7%	-$621K+13.8%	-$720K+0.6%	-$724K-1.5%	-$713K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$1.8M-88.3%	-$946K+16.9%	-$1.1M+10.7%	-$1.3M-180.2%	-$455K+79.4%	-$2.2M-53.9%	-$1.4M+73.4%	-$5.4M
EPS (Diluted)	$-0.59-195.0%	$-0.20+56.5%	$-0.46+16.4%	$-0.55-358.3%	$-0.12+89.1%	$-1.10	$-0.73+73.8%	$-2.79

LFLY Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20
Total Assets	$19.6M-10.1%	$21.8M-33.3%	$32.7M-9.5%	$36.2M-72.4%	$131.0M
Current Assets	$16.8M-11.6%	$19.0M-36.8%	$30.0M-16.2%	$35.8M+13111.7%	$271K
Cash & Equivalents	$14.5M-5.0%	$15.3M-37.8%	$24.6M-13.9%	$28.6M+16552.1%	$172K
Inventory	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$1.6M-40.3%	$2.6M-20.1%	$3.3M+11.5%	$3.0M	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$34.7M+1.3%	$34.3M-12.3%	$39.1M-12.5%	$44.7M-65.3%	$128.9M
Current Liabilities	$34.7M+582.6%	$5.1M-48.3%	$9.8M-78.0%	$44.7M+26130.1%	$171K
Long-Term Debt	$29.4M	N/A	N/A	N/A	N/A
Total Equity	-$15.1M-21.3%	-$12.5M-94.4%	-$6.4M+25.3%	-$8.6M-514.3%	$2.1M
Retained Earnings	-$79.9M-7.7%	-$74.2M-14.7%	-$64.7M+7.3%	-$69.8M-1778.5%	-$3.7M

Metric	Q1'25	Q1'24	Q3'24	Q2'24	Q4'23	Q3'23	Q2'23	Q1'23
Total Assets	$14.0M-28.7%	$19.6M-0.2%	$19.7M-4.2%	$20.5M-5.9%	$21.8M-5.3%	$23.1M-4.8%	$24.2M-7.6%	$26.2M
Current Assets	$11.2M-33.1%	$16.8M-0.1%	$16.8M-5.4%	$17.8M-6.4%	$19.0M-6.0%	$20.2M-4.9%	$21.3M-8.5%	$23.2M
Cash & Equivalents	$8.6M-40.5%	$14.5M+7.1%	$13.6M0.0%	$13.6M-11.2%	$15.3M+5.7%	$14.5M+2.5%	$14.1M-5.6%	$15.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$1.5M-6.0%	$1.6M-18.2%	$1.9M-12.8%	$2.2M-16.4%	$2.6M-22.7%	$3.4M-5.0%	$3.6M-1.3%	$3.6M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$30.7M-11.7%	$34.7M+1.7%	$34.2M-3.0%	$35.2M+2.6%	$34.3M-5.0%	$36.1M0.0%	$36.1M-3.0%	$37.2M
Current Liabilities	$30.6M-11.7%	$34.7M+1.8%	$34.1M-3.0%	$35.1M+591.2%	$5.1M-24.1%	$6.7M-1.8%	$6.8M-15.5%	$8.1M
Long-Term Debt	N/A	$29.4M	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$16.7M-10.4%	-$15.1M-4.4%	-$14.5M+1.3%	-$14.7M-17.7%	-$12.5M+4.5%	-$13.0M-9.8%	-$11.9M-7.8%	-$11.0M
Retained Earnings	-$81.7M-2.2%	-$79.9M-1.2%	-$79.0M-1.5%	-$77.9M-4.9%	-$74.2M-0.6%	-$73.7M-3.1%	-$71.5M-2.0%	-$70.1M

LFLY Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$1.3M+115.4%	-$8.6M+69.4%	-$28.1M-310.2%	-$6.8M-1020.9%	-$611K
Capital Expenditures	$1.5M+8.9%	$1.3M-45.5%	$2.5M+2739.1%	$87K	N/A
Free Cash Flow	-$140K+98.6%	-$9.9M+67.4%	-$30.6M-340.6%	-$6.9M	N/A
Investing Cash Flow	-$1.5M-11.2%	-$1.3M+46.7%	-$2.5M-2739.1%	-$87K-120.7%	$420K
Financing Cash Flow	-$634K-342.0%	$262K-99.0%	$27.1M-11.8%	$30.7M	$0
Dividends Paid	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	$39.3M	$0

Metric	Q1'25	Q1'24	Q3'24	Q2'24	Q4'23	Q3'23	Q2'23	Q1'23
Operating Cash Flow	-$1.9M-213.5%	$1.6M+1089.1%	$138K-67.1%	$419K-59.5%	$1.0M+474.4%	$180K+130.4%	-$592K+93.6%	-$9.2M
Capital Expenditures	$349K-9.4%	$385K-20.3%	$483K+25.1%	$386K+27.4%	$303K+19.3%	$254K+0.4%	$253K-52.7%	$535K
Free Cash Flow	-$2.2M-276.0%	$1.3M+464.1%	-$345K-1145.5%	$33K-95.5%	$731K+1087.8%	-$74K+91.2%	-$845K+91.3%	-$9.8M
Investing Cash Flow	-$349K+9.4%	-$385K+20.3%	-$483K-25.1%	-$386K-28.2%	-$301K-26.5%	-$238K+5.6%	-$252K+52.0%	-$525K
Financing Cash Flow	-$3.7M-1130.8%	-$299K-187.9%	$340K+160.6%	-$561K-703.2%	$93K+97.9%	$47K+370.0%	$10K-91.1%	$112K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

LFLY Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20
Gross Margin	89.4%+0.8pp	88.6%+1.0pp	87.6%-0.8pp	88.4%	N/A
Operating Margin	-9.0%+7.6pp	-16.7%+42.4pp	-59.1%-34.4pp	-24.7%	N/A
Net Margin	-16.6%+5.9pp	-22.5%-33.2pp	10.7%+38.6pp	-27.9%	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A
Return on Assets	-29.3%+14.2pp	-43.5%-59.0pp	15.5%+48.8pp	-33.3%-31.8pp	-1.4%
Current Ratio	0.48-3.3	3.74+0.7	3.06+2.3	0.80-0.8	1.59
Debt-to-Equity	-1.94+0.8	-2.75+3.4	-6.11-0.9	-5.22-67.5	62.29
FCF Margin	-0.4%+23.1pp	-23.5%+41.0pp	-64.5%-48.4pp	-16.1%	N/A

Metric	Q1'25	Q1'24	Q3'24	Q2'24	Q4'23	Q3'23	Q2'23	Q1'23
Gross Margin	89.8%-0.3pp	90.2%+1.0pp	89.2%+0.2pp	89.0%-0.2pp	89.2%+0.2pp	89.0%+0.6pp	88.4%+0.4pp	88.0%
Operating Margin	-15.7%-13.5pp	-2.3%+4.3pp	-6.6%+0.9pp	-7.4%-8.7pp	1.3%+15.2pp	-13.9%-6.9pp	-7.0%+37.0pp	-44.0%
Net Margin	-22.6%-11.5pp	-11.1%+2.5pp	-13.6%+1.0pp	-14.6%-10.0pp	-4.7%+16.2pp	-20.9%-7.4pp	-13.5%+34.5pp	-48.0%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-12.7%-7.9pp	-4.8%+1.0pp	-5.8%+0.4pp	-6.2%-4.1pp	-2.1%+7.5pp	-9.6%-3.6pp	-5.9%+14.7pp	-20.6%
Current Ratio	0.37-0.1	0.480.0	0.49-0.0	0.51-3.2	3.74+0.7	3.02-0.1	3.12+0.2	2.88
Debt-to-Equity	-1.84+0.1	-1.94+0.4	-2.36+0.0	-2.40+0.4	-2.75+0.0	-2.77+0.3	-3.04+0.3	-3.38
FCF Margin	-28.1%-42.8pp	14.7%+18.9pp	-4.1%-4.5pp	0.4%-7.1pp	7.5%+8.2pp	-0.7%+7.2pp	-7.9%+78.8pp	-86.8%

Note: Shareholder equity is negative (-$15.1M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.48), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is LEAFLY HOLDINGS INC's annual revenue?

LEAFLY HOLDINGS INC (LFLY) reported $34.6M in total revenue for fiscal year 2024. This represents a -18.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is LEAFLY HOLDINGS INC's revenue growing?

LEAFLY HOLDINGS INC (LFLY) revenue declined by 18% year-over-year, from $42.3M to $34.6M in fiscal year 2024.

Is LEAFLY HOLDINGS INC profitable?

No, LEAFLY HOLDINGS INC (LFLY) reported a net income of -$5.7M in fiscal year 2024, with a net profit margin of -16.6%.

What is LEAFLY HOLDINGS INC's earnings per share (EPS)?

LEAFLY HOLDINGS INC (LFLY) reported diluted earnings per share of $-2.30 for fiscal year 2024. This represents a 51.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is LEAFLY HOLDINGS INC's EBITDA?

LEAFLY HOLDINGS INC (LFLY) had EBITDA of -$1.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does LEAFLY HOLDINGS INC have?

As of fiscal year 2024, LEAFLY HOLDINGS INC (LFLY) had $14.5M in cash and equivalents against $29.4M in long-term debt.

What is LEAFLY HOLDINGS INC's gross margin?

LEAFLY HOLDINGS INC (LFLY) had a gross margin of 89.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is LEAFLY HOLDINGS INC's operating margin?

LEAFLY HOLDINGS INC (LFLY) had an operating margin of -9.0% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is LEAFLY HOLDINGS INC's net profit margin?

LEAFLY HOLDINGS INC (LFLY) had a net profit margin of -16.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is LEAFLY HOLDINGS INC's free cash flow?

LEAFLY HOLDINGS INC (LFLY) generated -$140K in free cash flow during fiscal year 2024. This represents a 98.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is LEAFLY HOLDINGS INC's operating cash flow?

LEAFLY HOLDINGS INC (LFLY) generated $1.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are LEAFLY HOLDINGS INC's total assets?

LEAFLY HOLDINGS INC (LFLY) had $19.6M in total assets as of fiscal year 2024, including both current and long-term assets.

What are LEAFLY HOLDINGS INC's capital expenditures?

LEAFLY HOLDINGS INC (LFLY) invested $1.5M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does LEAFLY HOLDINGS INC spend on research and development?

LEAFLY HOLDINGS INC (LFLY) invested $9.2M in research and development during fiscal year 2024.

What is LEAFLY HOLDINGS INC's current ratio?

LEAFLY HOLDINGS INC (LFLY) had a current ratio of 0.48 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is LEAFLY HOLDINGS INC's debt-to-equity ratio?

LEAFLY HOLDINGS INC (LFLY) had a debt-to-equity ratio of -1.94 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is LEAFLY HOLDINGS INC's return on assets (ROA)?

LEAFLY HOLDINGS INC (LFLY) had a return on assets of -29.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

Why is LEAFLY HOLDINGS INC's debt-to-equity ratio negative or unusual?

LEAFLY HOLDINGS INC (LFLY) has negative shareholder equity of -$15.1M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is LEAFLY HOLDINGS INC's Piotroski F-Score?

LEAFLY HOLDINGS INC (LFLY) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are LEAFLY HOLDINGS INC's earnings high quality?

LEAFLY HOLDINGS INC (LFLY) has an earnings quality ratio of -0.23x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can LEAFLY HOLDINGS INC cover its interest payments?

LEAFLY HOLDINGS INC (LFLY) has an interest coverage ratio of -1.2x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is LEAFLY HOLDINGS INC?

LEAFLY HOLDINGS INC (LFLY) scores 0 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.