Tearsheet

Lakeside (LSH)


Market Price (3/15/2026): $0.81 | Market Cap: $15.9 Mil
Sector: Industrials | Industry: Air Freight & Logistics

Lakeside (LSH)


Market Price (3/15/2026): $0.81
Market Cap: $15.9 Mil
Sector: Industrials
Industry: Air Freight & Logistics

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 37%
Weak multi-year price returns
2Y Excs Rtn is -112%, 3Y Excs Rtn is -150%
Penny stock
Mkt Price is 0.8
1 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -29%
  Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -4.4 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -19%
2   Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -22%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -23%
3   Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -35%
0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 37%
1 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -29%
2 Weak multi-year price returns
2Y Excs Rtn is -112%, 3Y Excs Rtn is -150%
3 Penny stock
Mkt Price is 0.8
4 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -4.4 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -19%
5 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -22%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -23%
6 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -35%

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Lakeside (LSH) stock has lost about 5% since 11/30/2025 because of the following key factors:

1. Continued financial losses and "going concern" warning. Lakeside (LSH) remained unprofitable, reporting a net loss of -$4.90 million for the trailing twelve months ending December 31, 2025. This ongoing unprofitability was further highlighted by a "going concern risk" warning issued in its February 19, 2026, 10-Q filing. The stock also fell following its Q2 2026 earnings report around the same time.

2. Significant potential for future share dilution. On February 18, 2026, shareholders approved amendments to the company's charter to increase authorized common stock to 2,000,000,000 shares and authorize 1,000,000,000 shares of blank check preferred stock. This substantial increase in potential share issuance capacity signals significant future dilution risk to investors, following a period where total shares outstanding had already grown by 359% in the past year.

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Stock Movement Drivers

Fundamental Drivers

The -6.9% change in LSH stock from 11/30/2025 to 3/14/2026 was primarily driven by a -24.7% change in the company's Shares Outstanding (Mil).
(LTM values as of)113020253142026Change
Stock Price ($)0.870.81-6.9%
Change Contribution By: 
Total Revenues ($ Mil)202317.3%
P/S Multiple0.60.75.4%
Shares Outstanding (Mil)1520-24.7%
Cumulative Contribution-6.9%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 3/14/2026
ReturnCorrelation
LSH-6.9% 
Market (SPY)-3.1%14.6%
Sector (XLI)7.1%1.2%

Fundamental Drivers

The -29.1% change in LSH stock from 8/31/2025 to 3/14/2026 was primarily driven by a -61.7% change in the company's Shares Outstanding (Mil).
(LTM values as of)83120253142026Change
Stock Price ($)1.140.81-29.1%
Change Contribution By: 
Total Revenues ($ Mil)162342.8%
P/S Multiple0.50.729.7%
Shares Outstanding (Mil)820-61.7%
Cumulative Contribution-29.1%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 3/14/2026
ReturnCorrelation
LSH-29.1% 
Market (SPY)3.0%10.4%
Sector (XLI)8.8%2.8%

Fundamental Drivers

The -54.7% change in LSH stock from 2/28/2025 to 3/14/2026 was primarily driven by a -61.7% change in the company's Shares Outstanding (Mil).
(LTM values as of)22820253142026Change
Stock Price ($)1.780.81-54.7%
Change Contribution By: 
Total Revenues ($ Mil)172337.2%
P/S Multiple0.80.7-13.8%
Shares Outstanding (Mil)820-61.7%
Cumulative Contribution-54.7%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2025 to 3/14/2026
ReturnCorrelation
LSH-54.7% 
Market (SPY)12.4%8.7%
Sector (XLI)22.0%6.8%

Fundamental Drivers

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Market Drivers

2/28/2023 to 3/14/2026
ReturnCorrelation
LSH  
Market (SPY)73.4%8.3%
Sector (XLI)70.2%5.8%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
LSH Return----38%-64%-15%-81%
Peers Return34%-17%43%9%22%8%130%
S&P 500 Return27%-19%24%23%16%-1%80%

Monthly Win Rates [3]
LSH Win Rate---43%25%67% 
Peers Win Rate60%43%62%50%67%47% 
S&P 500 Win Rate75%42%67%75%67%33% 

Max Drawdowns [4]
LSH Max Drawdown----45%-73%-40% 
Peers Max Drawdown-6%-30%-8%-16%-22%-4% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-2% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: EXPD, CHRW, XPO, JBHT, HUBG.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/13/2026 (YTD)

How Low Can It Go

LSH has limited trading history. Below is the Industrials sector ETF (XLI) in its place.

Unique KeyEventXLIS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-22.6%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven29.2%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven273 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-42.8%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven74.8%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven232 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-24.6%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven32.6%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven312 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-63.3%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven172.8%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven1,463 days1,480 days

Compare to EXPD, CHRW, XPO, JBHT, HUBG

In The Past

SPDR Select Sector Fund's stock fell -22.6% during the 2022 Inflation Shock from a high on 1/4/2022. A -22.6% loss requires a 29.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Lakeside (LSH)

Mission We aspire to become a U.S.-backed cross-border supply chain corridor that connects Asia and North America with efficiency, reliability, and affordability. We are a U.S.-based integrated cross-border supply chain solution provider with a strategic focus on the Asian market including China and South Korea. We primarily provide customized cross-border ocean freight solutions and airfreight solutions in the U.S. that specifically cater to our customers’ requirements and needs in transporting goods into the U.S. We offer a wide variety of integrated services under our cross-border ocean freight solutions and cross-border airfreight solutions, including (i) cross-border freight consolidation and forwarding services, (ii) customs clearance services, (iii) warehousing and distribution services and (iv) U.S. domestic ground transportation services. Founded in Chicago, Illinois in 2018, we are an Asian American-owned business rooted in the U.S. with in-depth understanding of both the U.S. and Asian international trading and logistics service markets. Our customers are typically Asia- and U.S.-based logistics service companies serving large e-commerce platforms, social commerce platforms and manufacturers to sell and transport consumer and industrial goods made in Asia into the U.S. Since inception and as of March 31, 2024, we had served over 300 customers to fulfill over 37,000 cross-border supply chain solution orders. We have established an extensive collaboration network of service providers, including global freight carriers for our cross-border freight consolidation and forwarding services as well as domestic ground transportation carriers for our U.S. domestic transportation services. Since inception and as of March 31, 2024, we had collaborated with almost all major global ocean and air carriers to forward 29,800 TEU of container loads and 41,800 tons of air cargo. As of March 31, 2024, we had also cooperated with over 200 domestic ground transportation carriers, including almost all major U.S. domestic ground transportation carriers, on a long-term, short-term or order basis, as the case may be. We operate two massive and hyper-busy regional warehousing and distribution centers in the U.S., in Illinois and Texas. With an aggregate gross feet area of approximately 75,014 square feet and 34 docks, our regional warehousing and distribution centers have an aggregate daily floor load of up to 3,000 cubic meters of freight. In addition to our self-operated regional centers, we maintain close contact with over 150 warehouses and distribution terminals in almost all transportation hubs in the U.S. which we have cooperated in the past to support the warehousing and distributing services of our cross-border freight in case such freight requires storage, fulfilment, transloading, palletizing, packaging or distribution in states other than Illinois and Texas. Further, we collaborate with licensed customs brokerage experts to help our customers clear shipments importing into the U.S. As of March 31, 2024, we had assisted with the customs clearance of cross-border freight of an aggregate assessed value of over $34.4 million. Leveraging our strong cross-border supply chain service capabilities, extensive service provider network of cross-border freight carriers and U.S. domestic ground transportation carriers, massive and hyper-busy regional warehousing and distribution centers as well as deep understanding of the Asian market, we have been able to build up our brand and reputation and have achieved fast growth since our inception. For the fiscal years ended June 30, 2022 and 2023 and the nine months ended March 31, 2023 and 2024, our revenues amounted to $9.6 million, $12.9 million, $8.8 million and $13.5 million, respectively, and our gross profit amounted to $1.8 million, $2.6 million, $1.7 million and $2.7 million during the same periods, respectively. As of March 31, 2024, we had fulfilled over 37,000 cross-border supply chain solution orders for freight of an aggregate assessed value of $1.0 billion, delivered to thousands of business and residential addresses in approximately 48 U.S. states. We commenced our operations in February 2018 through American Bear Logistics Corp., a corporation established under the laws of the State of Illinois. To facilitate our proposed initial public offering, we initiated a reorganization in August 2023 and completed such reorganization in September 2023. As part of our reorganization, we established our holding company, Lakeside Holding Limited, under the laws of the State of Nevada on August 28, 2023. Our principal executive offices are located at 1475 Thorndale Avenue, Suite A, Itasca, Illinois.

AI Analysis | Feedback

1. The **Amazon FBA** for companies importing goods from Asia to the U.S.

2. A specialized **UPS Supply Chain Solutions** for the Asia-U.S. trade route.

AI Analysis | Feedback

  • Cross-border Freight Consolidation and Forwarding Services: Manages the consolidation and forwarding of goods across international borders, specifically between Asia and North America.
  • Customs Clearance Services: Assists customers with the necessary customs procedures for importing shipments into the U.S.
  • Warehousing and Distribution Services: Provides storage, fulfillment, transloading, and distribution of goods through its regional centers and partner networks across the U.S.
  • U.S. Domestic Ground Transportation Services: Offers ground transportation for goods within the U.S. to various business and residential addresses.

AI Analysis | Feedback

Lakeside (LSH) primarily sells its services to other companies. Its major customers are:

  • Asia- and U.S.-based logistics service companies.

The provided background information does not list the specific names or stock symbols of these customer companies.

AI Analysis | Feedback

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Latest Trefis Analyses

TitleDate
0DASHBOARDS 
1Can Lakeside Stock Hold Up When Markets Turn?10/17/2025
Title
0ARTICLES

Trade Ideas

Select ideas related to LSH.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
EFX_2272026_Monopoly_xInd_xCD_Getting_Cheaper02272026EFXEquifaxMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
0.0%0.0%0.0%
LZ_2202026_Dip_Buyer_High_CFO_Margins_ExInd_DE02202026LZLegalZoom.comDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
7.2%7.2%-5.0%
ADP_2132026_Dip_Buyer_ValueBuy02132026ADPAutomatic Data ProcessingDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
1.1%1.1%-3.0%
TREX_2132026_Dip_Buyer_ValueBuy02132026TREXTrexDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-3.2%-3.2%-5.9%
PCTY_2132026_Dip_Buyer_High_CFO_Margins_ExInd_DE02132026PCTYPaylocityDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
-0.6%-0.6%-4.8%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

LSHEXPDCHRWXPOJBHTHUBGMedian
NameLakeside Expedito.C.H. Rob.XPO JB Hunt .Hub  
Mkt Price0.81142.55169.39181.71200.2534.30155.97
Mkt Cap0.019.120.321.419.02.119.1
Rev LTM2311,06916,2338,15611,9993,7299,613
Op Inc LTM-41,053795729865142762
FCF LTM-5953844329948113586
FCF 3Y Avg-2883642-168483197340
CFO LTM-51,0079159861,678160950
CFO 3Y Avg-29287198251,635295772

Growth & Margins

LSHEXPDCHRWXPOJBHTHUBGMedian
NameLakeside Expedito.C.H. Rob.XPO JB Hunt .Hub  
Rev Chg LTM37.2%4.4%-8.4%1.0%-0.7%-5.8%0.2%
Rev Chg 3Y Avg--9.0%-12.1%1.9%-6.6%-11.0%-9.0%
Rev Chg Q95.0%-3.3%-6.5%4.6%-1.6%-5.3%-2.5%
QoQ Delta Rev Chg LTM17.3%-0.9%-1.6%1.1%-0.4%-1.4%-0.6%
Op Mgn LTM-18.9%9.5%4.9%8.9%7.2%3.8%6.1%
Op Mgn 3Y Avg-13.6%9.8%3.9%8.2%7.3%4.5%5.9%
QoQ Delta Op Mgn LTM5.8%-0.4%0.1%0.2%0.4%0.2%0.2%
CFO/Rev LTM-22.4%9.1%5.6%12.1%14.0%4.3%7.4%
CFO/Rev 3Y Avg-11.2%9.1%4.2%10.3%13.3%7.1%8.1%
FCF/Rev LTM-22.5%8.6%5.2%4.0%7.9%3.0%4.6%
FCF/Rev 3Y Avg-11.5%8.7%3.8%-2.2%4.0%4.8%3.9%

Valuation

LSHEXPDCHRWXPOJBHTHUBGMedian
NameLakeside Expedito.C.H. Rob.XPO JB Hunt .Hub  
Mkt Cap0.019.120.321.419.02.119.1
P/S0.71.71.32.61.60.61.4
P/EBIT-4.118.225.532.721.913.820.0
P/E-3.223.634.667.931.819.627.7
P/CFO-3.119.022.221.711.312.815.9
Total Yield-30.9%5.3%4.4%1.5%4.0%6.6%4.2%
Dividend Yield0.0%1.1%1.5%0.0%0.9%1.5%1.0%
FCF Yield 3Y Avg-4.9%4.7%-2.1%2.7%7.2%4.7%
D/E0.40.00.10.20.10.20.1
Net D/E0.3-0.00.10.20.10.20.1

Returns

LSHEXPDCHRWXPOJBHTHUBGMedian
NameLakeside Expedito.C.H. Rob.XPO JB Hunt .Hub  
1M Rtn39.0%1.4%1.3%-4.3%-8.4%-13.9%-1.5%
3M Rtn18.6%-6.1%8.2%21.9%1.0%-19.5%4.6%
6M Rtn-27.1%16.0%28.9%39.6%45.9%-4.1%22.5%
12M Rtn-24.4%25.3%75.4%69.4%35.9%-5.9%30.6%
3Y Rtn-79.8%39.8%86.6%450.8%22.2%-14.8%31.0%
1M Excs Rtn30.9%-9.6%-11.0%-7.6%-10.7%-16.7%-10.1%
3M Excs Rtn9.4%-4.2%9.0%22.4%2.9%-18.7%5.9%
6M Excs Rtn-28.7%13.3%27.4%32.3%39.4%-10.5%20.4%
12M Excs Rtn-46.1%2.2%58.4%45.6%10.1%-26.9%6.1%
3Y Excs Rtn-149.6%-36.4%7.7%345.0%-57.4%-92.8%-46.9%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil2025
Cross-border ocean freights solutions7
Cross-border airfreights solutions3
Total10


Price Behavior

Price Behavior
Market Price$0.81 
Market Cap ($ Bil)0.0 
First Trading Date06/28/2024 
Distance from 52W High-44.6% 
   50 Days200 Days
DMA Price$0.78$1.18
DMA Trenddowndown
Distance from DMA3.1%-31.4%
 3M1YR
Volatility143.6%100.1%
Downside Capture13.479.48
Upside Capture126.61-21.64
Correlation (SPY)16.6%5.9%
LSH Betas & Captures as of 2/28/2026

 1M2M3M6M1Y3Y
Beta0.381.932.201.090.48-0.41
Up Beta-5.302.983.570.150.511.59
Down Beta7.663.262.881.690.59-0.60
Up Capture-345%-68%20%-5%-14%-0%
Bmk +ve Days9203170142431
Stock +ve Days9202752105180
Down Capture284%174%188%153%93%94%
Bmk -ve Days12213054109320
Stock -ve Days12193166128218

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with LSH
LSH-26.2%100.1%0.12-
Sector ETF (XLI)28.0%19.2%1.163.2%
Equity (SPY)19.6%18.9%0.816.0%
Gold (GLD)71.9%26.3%2.0511.3%
Commodities (DBC)19.3%17.3%0.8915.7%
Real Estate (VNQ)6.2%16.3%0.192.1%
Bitcoin (BTCUSD)-15.3%44.2%-0.2510.4%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with LSH
LSH-27.6%125.0%-0.22-
Sector ETF (XLI)13.4%17.1%0.625.9%
Equity (SPY)13.1%17.0%0.618.4%
Gold (GLD)24.1%17.3%1.149.4%
Commodities (DBC)11.2%19.0%0.477.3%
Real Estate (VNQ)4.8%18.8%0.163.7%
Bitcoin (BTCUSD)6.3%56.7%0.336.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with LSH
LSH-14.9%125.0%-0.22-
Sector ETF (XLI)13.8%19.8%0.615.9%
Equity (SPY)14.5%17.9%0.708.4%
Gold (GLD)14.4%15.6%0.779.4%
Commodities (DBC)8.6%17.6%0.407.3%
Real Estate (VNQ)5.6%20.7%0.233.7%
Bitcoin (BTCUSD)67.4%66.8%1.076.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date2272026
Short Interest: Shares Quantity0.0 Mil
Short Interest: % Change Since 2152026-9.1%
Average Daily Volume0.0 Mil
Days-to-Cover Short Interest1
Basic Shares Quantity19.6 Mil
Short % of Basic Shares0.1%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/15/2025-1.5%10.2%5.6%
2/14/2025-5.7%-5.7%-43.0%
10/1/2024-5.8%-12.8%-25.0%
SUMMARY STATS   
# Positive011
# Negative322
Median Positive 10.2%5.6%
Median Negative-5.7%-9.2%-34.0%
Max Positive 10.2%5.6%
Max Negative-5.8%-12.8%-43.0%

SEC Filings

Expand for More
Report DateFiling DateFiling
12/31/202502/19/202610-Q
09/30/202511/19/202510-Q
06/30/202510/14/202510-K
03/31/202505/15/202510-Q
12/31/202402/14/202510-Q
09/30/202411/14/202410-Q
06/30/202409/30/202410-K
03/31/202406/28/2024424B4
12/31/202304/01/2024S-1
09/30/202302/08/2024DRS/A