Leafly Holdings (LFLH) AI Stock Analysis

• Market Cap: $232.18K
• Dividend Yield: N/A
• Average Volume (3M): 0.00
• Price to Earnings (P/E): ―
• Beta (1Y): -2.06
• Revenue Growth: -16.42%
• EPS Growth: 39.35%
• Country: US
• Employees: 110
• Sector: Communication Services
• Sector Strength: 97
• Industry: Medical - Pharmaceuticals
• EPS (TTM): N/A
• Shares Outstanding: 6,275
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 0
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.00
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): -810
• Revenue Forecast (FY): $32.18M

• Rating: 43 Neutral
• Price Target: $36.00 ▼(-2.70% Downside)
• Action: Reiterated Date: 09/23/25
• Date: Action: Reiterated 09/23/25

LFLYD's overall score of 43 reflects significant financial challenges as the primary drag, with ongoing losses, declining revenue, and negative equity signaling profitability and solvency risks. Technical indicators further weigh on the score with a clear downtrend and bearish momentum. Valuation offers no meaningful upside due to negative earnings, contributing to a cautious outlook.

Leafly Holdings Business Overview & Revenue Model

Company Description

Leafly Holdings, Inc. owns and operates a platform to provide consumers with cannabis information and connects consumers to cannabis brands and licensed retailers. It offers subscription-based marketplace listings, digital advertising solutions, and software as a service-based tools to cannabis retailers and brands; and information, reviews, menus, and ordering and delivery options to its audience through its website and mobile applications. The company was founded in 2010 and is headquartered in Seattle, Washington.

How the Company Makes Money

Leafly generates revenue through multiple streams, primarily from digital advertising, subscription services, and partnerships with cannabis retailers. The company's advertising revenue comes from brands paying to promote their products on the Leafly platform, leveraging its extensive user base and engagement metrics. Additionally, Leafly offers subscription-based services to dispensaries and cannabis businesses, providing them with tools for inventory management, online ordering, and customer engagement. Partnerships with industry players, such as cannabis producers and distributors, further enhance its revenue model by allowing Leafly to provide targeted marketing and analytics services, thus strengthening its market position and driving earnings.

Leafly Holdings Financial Statement Overview

Summary

Leafly Holdings faces significant financial challenges with ongoing operating losses, declining revenue (-18.0% YoY), negative equity (-$15.1M), and high leverage (debt of $29.4M vs. assets of $19.6M). While cash flow shows improvement with positive operating cash flow ($1.3M), free cash flow remains slightly negative, indicating persistent fragility.

Income Statement

Leafly Holdings shows a high Gross Profit Margin of 89.4% in 2024, indicating strong cost control over direct expenses. However, the company reports consistent operating losses with a negative EBIT Margin of -9.1% and a Net Profit Margin of -16.6%. Revenue has declined by 18.0% from 2023 to 2024, reflecting a concerning downward trend. These factors suggest profitability challenges despite a solid gross margin.

Balance Sheet

The balance sheet raises significant concerns with a negative Stockholders' Equity of -$15.1M in 2024, resulting in a negative Equity Ratio and an uncalculable Debt-to-Equity Ratio. Total Debt of $29.4M exceeds Total Assets of $19.6M, indicating high leverage and potential solvency risks. While cash reserves of $14.5M provide some liquidity, the overall financial structure remains weak.

Cash Flow

Leafly's cash flow shows improvement with a positive Operating Cash Flow of $1.3M in 2024, a significant turnaround from -$8.6M in 2023. However, Free Cash Flow remains slightly negative at -$0.14M, though it marks a substantial recovery from -$9.9M in 2023. The Operating Cash Flow to Net Income Ratio is positive, suggesting cash generation despite net losses, but overall cash flow stability is still a concern.

Breakdown
Income Statement
Total Revenue
Gross Profit
EBITDA
Net Income
Balance Sheet
Total Assets
Cash, Cash Equivalents and Short-Term Investments
Total Debt
Total Liabilities
Stockholders Equity
Cash Flow
Free Cash Flow
Operating Cash Flow
Investing Cash Flow
Financing Cash Flow

Leafly Holdings Technical Analysis

• Last Price: 37.00

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LFLH, the sentiment is undefined. The current price of 37 is equal to the 20-day moving average (MA) of ―, equal to the 50-day MA of ―, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of ― indicates undefined momentum. The RSI at ― is undefined, neither overbought nor oversold. The STOCH value of ― is undefined, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a undefined sentiment for LFLH.

Leafly Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
LFMD	60 Neutral	$187.10M	10.72	282.01%	―	30.71%	73.43%
RNTX	53 Neutral	$32.60M	-1.36	-217.16%	―	―	15.35%
NEUP	48 Neutral	$24.85M	2.36	-1538.29%	―	―	―
LFLH	43 Neutral	$232.18K	-0.09	―	―	-16.42%	39.35%