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Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Lifecore Biomedical, Inc., together with its subsidiaries, operates as an integrated contract development and manufacturing organization that serves customers in the United States, Belgium, the Netherlands, and internationally. It provides services in the development, manufacture, aseptic fill, and finish of formulations and highly viscous sterile injectable pharmaceutical drug or medical device products in syringes, vials, and cartridges in various modalities. The company also manufactures and sells pharmaceutical-grade hyaluronic acid in bulk form, as well as for use in formulated and filled syringes and vials for injectable products used in treating various medical conditions and procedures, including ophthalmic and orthopedic applications.
How they make money
Lifecore Biomedical operates as a contract development and manufacturing organization (CDMO) that provides specialized aseptic fill and finish services for complex injectable pharmaceutical products. The company generates revenue by entering into long-term manufacturing agreements with pharmaceutical and biotechnology companies, charging fees for development, clinical trial support, and commercial-scale cGMP manufacturing of drug products.
Products & services
Lifecore provides contract development and manufacturing services, including formulation development, aseptic fill and finish, and regulatory support for complex injectable drug products.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
The company discloses that it has significant customer concentration, where a limited number of customers account for a substantial portion of its total revenue for the period ended December 31, 2025.
Suppliers, materials & equipment
Raw material and component suppliers — The company relies on various third-party suppliers for raw materials, active pharmaceutical ingredients, and packaging components required for its manufacturing processes.Source
Strengths
Multi-compendial quality and regulatory system with a long track record of compliance with global regulatory bodies like the FDA and EMA.Source
Risks
Cyberattacks or security breaches could compromise confidential business information, disrupt operations, or harm the company's reputation.Source
Significant customer concentration risk where the loss of a major customer could materially impact financial results.Source
Overall investment score · Quality, value, risk and opportunity
12
Poor
PoorElite
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
13
Poor
Financial Strength
15
Business Quality / Moat
0
Management
25
Growth Quality
14
Risk / Durability
10
Weak Company · Expensive Stock
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
23
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
26/100
Building Historical Record
Model Score 26/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
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WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
What we like
•Recent buyback activity is present
What to watch
•Severe debt stress
•M&A headline · Sep 29, 2026
•M&A headline · Sep 28, 2026
•Valuation is a weaker part of the current profile
•Revenue fundamentals are weak
Company-specific research
Questions worth answering for LFCR
Research inputs 100% complete
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
•What is driving LFCR's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
•Is LFCR's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
•Is LFCR's debt load manageable relative to cash generation, interest costs and upcoming maturities?
•What specifically needs to improve for LFCR to reach sustainable profitability?
•What future growth or profitability would be needed to justify LFCR's current valuation?
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
Volatility = How violently is it moving?
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for LFCR
Detected from reported data — verify before acting.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Severe debt stress
Negative shareholder equity • Total debt is at least one year of revenue • Interest coverage is below 2x • Cash covers less than 20% of total debt
M&A headline · Sep 29, 2026
Lifecore agrees to acquisition with CVRs up to $160 million — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
LFCR SHAREHOLDER ALERT: ADEMI LLP INVESTIGATES WHETHER BUYOUT FAIRLY VALUES LIFECORE BIOMEDICAL, INC. — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
Lifecore Biomedical to be Acquired by Webster Equity Partners — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
+Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
+Multi-compendial quality and regulatory system with a long track record of compliance with global regulatory bodies like the FDA and EMA.
+Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
−Debt risk (severe): Negative shareholder equity.
−Total debt is at least one year of revenue.
−Interest coverage is below 2x.
−Cash covers less than 20% of total debt.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
Click any score for full breakdown
Wall Street Score
Very Weak12/ 100
Weak (0–50)Fair (51–71)Strong (72+)
Debt
Poor
20
Debt Cost1.6%
Debt Reduction YoY-9.0%
Debt / Equity-10.04x
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Revenue
Poor
5
Revenue YoY-5.3%
Revenue CAGR0.5%
Net Margin-30.4%
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Asset
Poor
25
Asset Growth YoY-3.0%
Liquidation/Share-$0.91
Net Assets/MCap0.30x
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Capital
Poor
1
Earnings Yield-15.2%
Buyback Yield0.2%
Debt Cost1.6%
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Management
Poor
25
ROIC-1.2%
ROE109.4%
ROA-16.2%
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Moat
Poor
0
EPS Growth—
FCF/Share Growth—
Rev/Share Growth-8.8%
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Valuation
Poor
0
Intrinsic Value—
Value Reference—
MOS—
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Buffett
Poor
14
Revenue5
Moat0
Valuation0
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MOS
Poor
0
MOS %—
Value Reference—
Deep Discount Reference—
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Financial
Poor
22
Interest Coverage-0.6x
ROIC-1.2%
FCF Yield2.5%
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Master
Poor
13
Financial22
Valuation0
Debt20
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Resilience
Poor
35
Survival Years0.5 yrs
Current Ratio3.49x
FCF Margin4.8%
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Score Changes
2 historical score records available
Previous Score
14
Jul 24, 2026
Change
-2.1
points
Current Score
12
Oct 1, 2026
Category Changes
Revenue-7.5
Debt-28.4
Assets-4.8
Capital-1.0
Management+25.0
Moat0
Valuation0
Buffett-5.5
LFCR decreased 2.1 points because Debt declined by 28.4 points, Revenue declined by 7.5 points, Asset declined by 4.8 points.
Positive Contributors
+ Management improved by 25 points
Negative Contributors
− Debt declined by 28.4 points
− Revenue declined by 7.5 points
− Asset declined by 4.8 points
− Buffett declined by 5.5 points
Projected Score
Projected Score
11
Projected Change
-1.3 points
Preliminary comparable-period financial changes suggest decline of approximately 1.3 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailable
Current Price
$6.44
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Value Reference: —
Deep Discount Reference: —
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Monetary values in USD. Share counts in raw units.
Income StatementBalance SheetCash Flow
AnnualQuarterlyTTM + Annual
All rows
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
Line Item
TTM
2025
2025
2024
2023
2022
2021
2020
2019
2018
2017
Revenue
$135.9M
$129.5M
$128.9M
$128.3M
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····
····
····
····
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Cost of Revenue
$91.4M
$88.9M
$88.6M
$86.4M
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····
····
····
····
····
····
Gross Profit
$44.5M
$40.6M
$40.3M
$41.9M
····
····
····
····
····
····
····
Research & Development
$6.6M
$8.5M
$8.3M
$8.6M
····
····
····
····
····
····
····
SG&A Expenses
$31.4M
$33.4M
$44.0M
$40.5M
····
····
····
····
····
····
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Operating Expenses
$41.7M
$41.9M
$57.5M
$50.7M
····
····
····
····
····
····
····
EBITDA
$8.0M
$8.2M
-$8.8M
$35.6M
····
····
····
····
····
····
····
Operating Income
$2.8M
-$1.3M
-$17.2M
-$8.8M
····
····
····
····
····
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Interest Expense
$32.3M
-$2.2M
$21.8M
$18.1M
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····
····
····
····
····
····
Income Before Tax
-$35.2M
-$30.2M
-$38.7M
$9.5M
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····
····
····
····
····
····
Income Tax Expense
$93K
$578K
$43K
$183K
····
····
····
····
····
····
····
Net Income
-$35.3M
-$30.8M
-$38.7M
$12.0M
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····
····
····
····
····
····
Basic EPS
$-1.06
$-0.92
$-1.27
$0.39
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Basic Shares
37.57M
33.26M
34.82M
30.47M
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····
····
····
····
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Diluted Shares
37.57M
37.37M
34.82M
36.66M
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····
····
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Upgrade to Premium for up to 10 annual periods, where available.
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
Cash position grew
What Weakened
Margins contracted
Debt increased
Potential Score Impact
Positive indicators included EPS growth, cash levels. Pressure indicators included revenue growth, debt levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue declined 6.2%. EPS increased 243.6%. Cash increased 108.6%. Total debt increased 18.5%. Net income margin declined by 14.9 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Upgrade to Premium to unlock all earnings history.View plans
Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.
Dividend HistoryShare
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Predictions & Historical PerformanceShare
Conservative Projected Values
3 Years
$———.——
Premium
5 Years
$———.——
Premium
10 Years
$———.——
Premium
Conservative Projection Rate
——%
Premium
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
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