LEAFLY HOLDINGS INC Financials
LEAFLY HOLDINGS INC (LFLY) reported $33.5M in revenue over the twelve months to Mar 31, 2025, down 16.4% from the prior twelve months. This page shows its 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).
Leafly’s gross-margin-rich model is becoming liquidity constrained, with FY2024 repair driven more by expense cuts than sales growth.
Operating cash flow turned positive at$1.3M in FY2024 while net income remained-$5.7M , so cash conversion improved before profitability. But that progress did not remove balance-sheet pressure, because the current ratio fell to 0.5x as current liabilities reached$34.7M .
Leafly’s economics look service-like rather than cost-heavy: gross margin stayed in the high-80s and reached
The business also appears asset-light, because capital spending was only
Financial Health Signals
LEAFLY HOLDINGS INC does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
LEAFLY HOLDINGS INC scores -5.54, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($850K) relative to total liabilities ($34.7M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
LEAFLY HOLDINGS INC passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
LEAFLY HOLDINGS INC reported a net loss of $5.7M while generating $1.3M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
LEAFLY HOLDINGS INC reported an operating loss of $3.1M against $2.5M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
LEAFLY HOLDINGS INC generated $34.6M in revenue in fiscal year 2024. This represents a decrease of 18.0% from the prior year.
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.
LEAFLY HOLDINGS INC reported -$5.7M in net income in fiscal year 2024. This represents an increase of 39.5% from the prior year.
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 & Balance Sheet
LEAFLY HOLDINGS INC recorded an outflow of $140K in free cash flow in fiscal year 2024, representing a cash shortfall after capex. This represents an increase of 98.6% from the prior year.
LEAFLY HOLDINGS INC held $14.5M in cash against $29.4M in long-term debt as of fiscal year 2024.
Not reported for fiscal year 2024.
Margins & Returns
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.
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.
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.
Not reported for fiscal year 2024.
Capital Allocation
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.
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.
Not reported for fiscal year 2024.
LFLY Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.9M-7.5% | $8.5M+2.0% | $8.4M-4.2% | $8.7M-3.6% | $9.0M-7.2% | $9.7M-7.9% | $10.6M-0.9% | $10.7M |
| Cost of Revenue | $802K-4.3% | $838K-7.3% | $904K-5.7% | $959K-1.7% | $976K-7.4% | $1.1M-9.4% | $1.2M-6.1% | $1.2M |
| Gross Profit | $7.1M-7.8% | $7.7M+3.1% | $7.4M-4.0% | $7.8M-3.8% | $8.1M-7.1% | $8.7M-7.7% | $9.4M-0.2% | $9.4M |
| R&D Expenses | $2.1M-2.9% | $2.2M-0.3% | $2.2M-7.2% | $2.4M-1.5% | $2.4M+40.7% | $1.7M-32.3% | $2.5M+9.2% | $2.3M |
| SG&A Expenses | $4.0M+16.3% | $3.5M-4.9% | $3.6M-0.4% | $3.7M-23.6% | $4.8M+2.4% | $4.7M-19.4% | $5.8M+15.6% | $5.0M |
| Operating Income | -$1.2M-536.4% | -$195K+64.4% | -$547K+15.3% | -$646K+63.0% | -$1.7M-1521.1% | $123K+108.3% | -$1.5M-96.4% | -$751K |
| Interest Expense | -$547K+14.7% | -$641K-1.9% | -$629K+1.4% | -$638K-5.1% | -$607K+2.3% | -$621K+13.8% | -$720K+0.6% | -$724K |
| Net Income | -$1.8M-88.3% | -$946K+16.9% | -$1.1M+10.7% | -$1.3M+46.6% | -$2.4M-424.6% | -$455K+79.4% | -$2.2M-53.9% | -$1.4M |
| EPS (Diluted) | -$0.59-136.0% | -$0.25 | -$0.46+16.4% | -$0.55+49.5% | -$1.09-581.3% | -$0.16+85.5% | -$1.10 | -$0.73 |
Not reported in any period shown, so not listed: Income Tax.
LFLY Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $14.0M-28.7% | $19.6M-0.2% | $19.7M-4.2% | $20.5M-3.0% | $21.2M-3.0% | $21.8M-5.3% | $23.1M-4.8% | $24.2M |
| Current Assets | $11.2M-33.1% | $16.8M-0.1% | $16.8M-5.4% | $17.8M-3.7% | $18.5M-2.8% | $19.0M-6.0% | $20.2M-4.9% | $21.3M |
| Cash & Equivalents | $8.6M-40.5% | $14.5M+7.1% | $13.6M0.0% | $13.6M-3.7% | $14.1M-7.8% | $15.3M+5.7% | $14.5M+2.5% | $14.1M |
| Accounts Receivable | $1.5M-6.0% | $1.6M-18.2% | $1.9M-12.8% | $2.2M+2.4% | $2.2M-18.3% | $2.6M-22.7% | $3.4M-5.0% | $3.6M |
| Total Liabilities | $30.7M-11.7% | $34.7M+1.7% | $34.2M-3.0% | $35.2M-0.7% | $35.4M+3.4% | $34.3M-5.0% | $36.1M0.0% | $36.1M |
| Current Liabilities | $30.6M-11.7% | $34.7M+1.8% | $34.1M-3.0% | $35.1M-0.7% | $35.3M+595.8% | $5.1M-24.1% | $6.7M-1.8% | $6.8M |
| 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-2.7% | -$14.3M-14.6% | -$12.5M+4.5% | -$13.0M-9.8% | -$11.9M |
| Retained Earnings | -$81.7M-2.2% | -$79.9M-1.2% | -$79.0M-1.5% | -$77.9M-1.7% | -$76.6M-3.2% | -$74.2M-0.6% | -$73.7M-3.1% | -$71.5M |
Not reported in any period shown, so not listed: Inventory, Goodwill.
LFLY Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.9M-213.5% | $1.6M+1089.1% | $138K-67.1% | $419K+148.0% | -$873K-184.4% | $1.0M+474.4% | $180K+130.4% | -$592K |
| Capital Expenditures | $349K-9.4% | $385K-20.3% | $483K+25.1% | $386K+82.9% | $211K-30.4% | $303K+19.3% | $254K+0.4% | $253K |
| Free Cash Flow | -$2.2M-276.0% | $1.3M+464.1% | -$345K-1145.5% | $33K+103.0% | -$1.1M-248.3% | $731K+1087.8% | -$74K+91.2% | -$845K |
| Investing Cash Flow | -$349K+9.4% | -$385K+20.3% | -$483K-25.1% | -$386K-84.7% | -$209K+30.6% | -$301K-26.5% | -$238K+5.6% | -$252K |
| Financing Cash Flow | -$3.7M-1130.8% | -$299K-187.9% | $340K+160.6% | -$561K-392.1% | -$114K-222.6% | $93K+97.9% | $47K+370.0% | $10K |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
LFLY Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 89.8%-0.3pp | 90.2%+1.0pp | 89.2%+0.2pp | 89.0%-0.2pp | 89.2%0.0pp | 89.2%+0.2pp | 89.0%+0.6pp | 88.4% |
| Operating Margin | -15.7%-13.5pp | -2.3%+4.3pp | -6.6%+0.9pp | -7.4%+11.9pp | -19.3%-20.6pp | 1.3%+15.2pp | -13.9%-6.9pp | -7.0% |
| Net Margin | -22.6%-11.5pp | -11.1%+2.5pp | -13.6%+1.0pp | -14.6%+11.8pp | -26.4%-21.7pp | -4.7%+16.2pp | -20.9%-7.4pp | -13.5% |
| Return on Assets | -12.7%-7.9pp | -4.8%+1.0pp | -5.8%+0.4pp | -6.2%+5.1pp | -11.3%-9.2pp | -2.1%+7.5pp | -9.6%-3.6pp | -5.9% |
| Current Ratio | 0.37-0.1x | 0.480.0x | 0.490.0x | 0.510.0x | 0.52-3.2x | 3.74+0.7x | 3.02-0.1x | 3.12 |
| FCF Margin | -28.1%-42.8pp | 14.7%+18.9pp | -4.1%-4.5pp | 0.4%+12.4pp | -12.0%-19.5pp | 7.5%+8.2pp | -0.7%+7.2pp | -7.9% |
Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity.
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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Where LEAFLY HOLDINGS INC Ranks
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 18.0% 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 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) recorded an outflow of $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 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 not reported?
LEAFLY HOLDINGS INC (LFLY) has negative shareholder equity of -$15.1M as of fiscal year 2024, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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 Altman Z-Score?
LEAFLY HOLDINGS INC (LFLY) has an Altman Z-Score of -5.54, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is LEAFLY HOLDINGS INC's Piotroski F-Score?
LEAFLY HOLDINGS INC (LFLY) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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) reported a net loss of $5.7M while generating $1.3M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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) reported an operating loss of $3.1M against $2.5M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.