Leafly Holdings, Inc.
LFLH Communication Services Internet Content & Information
Leafly Holdings, Inc.’s revenue for fiscal 2024 (year ended December 2024) was $34.6 million, down 18.0% from fiscal 2023. In the quarter to March 2025, revenue fell 12.9%, EPS grew 45.9% and free cash flow fell 104.3%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years.
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Leafly Holdings, Inc. (LFLH) Piotroski F-score
Leafly Holdings, Inc.'s Piotroski F-score for fiscal 2024 is 6 out of 9: 6 of nine tests of profitability, leverage and efficiency passed, up from 4 in fiscal 2023.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2024 | 6 | 2.00 |
| FY2023 | 4 | — |
How fiscal 2024’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (27.71%) | (34.83%) | Fail | 0 |
| Positive operating cash flow | 1.33m | (8.60m) | Pass | 1 |
| Rising return on assets | (27.71%) | (34.83%) | Pass | 1 |
| Cash flow above net income | 7.07m | 894.00k | Pass | 1 |
| Falling long-term leverage | 0.00 | 1.07 | Pass | 1 |
| Rising current ratio | 0.48 | 3.74 | Fail | 0 |
| No new shares issued | 5,000 | 4,000 | Fail | 0 |
| Rising gross margin | 89.39% | 88.64% | Pass | 1 |
| Rising asset turnover | 1.67 | 1.55 | Pass | 1 |
| Piotroski F-score | Mixed | 6 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| LFLH Leafly Holdings, Inc. | 6 |
| CHAI Core AI Holdings, Inc. compare | 5 |
| ONFO Onfolio Holdings Inc. compare | 4 |
| LCFY Locafy Limited compare | 4 |
| NAMI NAMI Corp. compare | 3 |
| GROM Grom Social Enterprises, Inc. compare | 3 |
| STBXF Starbox Group Holdings Ltd. compare | 2 |
| ROII RiskOn International, Inc. compare | — |
| GITS Global Interactive Technologies, Inc. compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover