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LANIKAI BREWING COMPANY

Operating

Lanikai Brewing Company LLC

Alcohol · Kailua, HI · Founded 2011

Island-inspired craft beer and spirits

Post-money valuation ⓘ
$28.9M
As of Jul 2023 · from Reg CF Offering (2023) · pre-money + amount raised, not a traded price
Total raised
$298,533
Across 2 rounds since 2023
Latest share price
$2.04
Reg CF · Common Stock · May 2023 offering price

Financials

FY2016–FY2025 (no data for FY2018, FY2019, FY2020) · from SEC filings · hover any figure for its source
$719K
−$75K
2016
$937K
−$73K
2017
2018no data
2019no data
2020no data
$1.6M
−$210K
2021
$2.1M
−$248K
2022
$2.4M
−$233K
2023
$2.9M
−$15K
2024
$4.1M
−$90K
2025
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2016 reviewed*
FY2017 reviewed*
FY2021 reviewed
FY2022 reviewed
FY2023 reviewed
FY2024 reviewed
FY2025 reviewed
Income statement
Revenue
$719,102
$936,819
$1,564,613
$2,115,072
$2,448,394
$2,940,914
$4,080,669
Cost of goods sold
$231,591
$394,572
$542,058
$745,988
$873,741
$852,271
$1,340,079
Gross margin
68%
58%
65%
65%
64%
71%
67%
Net income
-$74,583
-$73,090
-$209,900
-$248,206
-$233,196
-$15,466
-$90,302
Taxes paid
-$19,834
-$23,621
$0
$0
$0
$69,732
$113,637
Balance sheet
Cash
$13,192
$17,643
$21,516
$98,041
$201,334
$221,979
$202,983
Accounts receivable
$44,242
$31,520
$15,933
$34,203
$43,144
$0
$85,643
Total assets
$413,302
$491,933
$675,023
$1,269,501
$1,515,784
$1,270,505
$1,251,368
Short-term debt
$90,446
$153,915
$199,234
$346,552
$275,979
$396,454
$575,588
Long-term debt
$354,040
$427,118
$690,699
$1,392,065
$1,566,941
$0
$1,108,684
Total liabilities
$444,486
$581,033
$889,933
$1,738,617
$1,842,920
$396,454
$1,684,272
Other
Headcount
—
6
—
24
24
30
60

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$28.5M
pre-money
Reg CF · Common · May 2023

Blue bars are the pre-money valuation the company stated for a priced round.

Cap table

Share counts as of Mar 31, 2026
Class P Preferred Units · 53.9%Units · 46.1%
ClassOutstandingVotes / shareShare of totalLiquidationLast price
Class P Preferred Unitspreferred4,293,998153.9%1× · paid 1st—
Units3,677,274—46.1%—$2.04May 2023
Total7,971,272100%

Principal holders% as the filing states it, Mar 31, 2026

  • Steven R. Haumschild Living Trust2,600,000 Class B Employee Units58.0%of Class B Employee Units
  • Steven R. Haumschild Living Trust3,222,732 Class A Founders Units54.0%of Class A Founders Units
  • Allan D. Darling Trust2,269,805 Class A Founders Units38.0%of Class A Founders Units
  • Allan D. Darling Trust877,274 Class B Employee Units20.0%of Class B Employee Units
  • Allan D. Darling Trust288,348 Class P Preferred Units7%of Class P Preferred Units

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $298.5K / $1.2MInvestors 306Post-money $28.9M
Raised — / $300K

Team

12 people
Allan DarlingFounder
CFO and Board Member

Allan (Al) Darling functions as the Financial Director who oversees the accounting and financial administration for the company. He is a CPA with over 30 years of corporate leadership experience in a variety of industries, including 6 years as the Director of Internal Audit for Alexander & Baldwin (A&B) in Honolulu.. Al earned his BA degree in Accounting from National University in San Diego and graduated from University of Hawaii’s Shidler College of Business Executive MBA Program in May 2011. Al is an enthusiastic connoisseur of finer craft brews as well as an accomplished adventurer. He is an OC1 Paddler and enjoys exploring the islands in his spare time.

Steve HaumschildFounder
CEO, Board Member and Brewmaster

Mr Haumschild is an accomplished and motivated serial entrepreneur with over 25 years of leadership experience. Awarded Hawaii Entrepreneur of the Year (2019)by the Hawaii Venture Capitalist Association and recognized by the State of Hawaii Legislature and 40 Under 40 business leaders (2013) from Pacific Business news. Mr. Haumschild graduated from the University of Hawaii Shidler College of Business Executive Master of Business program in 2011 also holding degrees from The Ohio State University in Evolution, Ecology and Organismal Biology (Bachelors of Sciences). He is a graduate of Siebel Institute of Technology Associates in Brewing Program as well as a Certified Cicerone. Mr Haumschild is also a professional business consultant, tailored for business both domestically and international, from start-ups to exit.

Al Darling
CFO and Director
Sam Hall
Director of Sales and Marketing

After graduating from Colorado State University with a degree in Business Marketing, Sam began coaching entrepreneurs of small businesses struggling to grow their revenue. She spent a little over 2 years helping people grow million dollar companies across the country before jumping into the Lanikai Brewing family. She has multiple marketing certificates, years of graphic design experience, and a strong sales-driven personality. Sam is extremely active in her community and family here in Hawaii. She is a CrossFit coach at a local gym and competes often. Sam also teaches horeseback riding lessons at a theraputic riding center in Waimanalo. Sam is a surfing, snorkeling, running, and hiking enthusiast - partaking in many competitions/events across the island.

Jonathan Brammer
Distiller

Jonathan spent 4 years in the Navy as a Cryptological Technician. He attained multiple degrees at a young age and can speak 7 different languages. Jonathan began distilling at the age of 12, making moonshine in the mountains of West Virginia. He was on Discovery Channel's 'Moonshiners' (Season 3) and is a beverage consultant for 6 different distilleries and 5 wineries across the country. Jonathan has been with Lanikai Brewing for around 2 years and is helping to establish the newest name in small batch spirits here in Hawaii. Jonathan is a well-renowned powerlifter and Strongman competitor. He recently qualified for the World Spartan Trifecta Championship. Mr. Brammer enjoys spending time with his family, free diving, spearfishing, and is currently working on his very own reef growth/reef plugging project.

Katie Postel
Management and Operations

Katie received her bachelors degree in Communications from ASU. She has been apart of the Lanikai Brewing family for 6 years now, overseeing everything from our Kailua taproom to distributor sales. Katie is well accomplished in multiple areas of this company and continues to be a major asset to our team. Katie recently became a mom and has been enjoying time with her new family. While she is not working or taking care of her little one, she loves to surf, hike, practice yoga, and read on the beach.

Kumu Hula Malia Haumschild
Cultural Advisor

Kumu Hula Malia is a Kanaka ʻŌiwi & 18+ year Native Hawaiian cultural advisor. She has served as Chief of Staff to Hawaii State Representative Mele Carroll (Vice Chair of Committee on Hawaiian Affairs), and as senior political aide at the Office of Hawaiian Affairs for Boardchairperson Haunani Apoliona. In addition to her extensive background in government & business, in 2019 Kumu Hula Malia ʻūniki as Hoʻopaʻa Laeoʻo (Chanter). Then in 2021, after more than 30 years of study, Kumu Hula Malia ʻūniki as a Kumu Hula in an ʻailolo ceremony. Kumu Malia holds an Executive M.B.A. from the University of Hawaii at Manoa and a B.A. in Political Science from Pepperdine University. Kumu Hula Malia continues her work as a Hawaiian cultural advisor as well as instructs in the Hawaiian arts of Oli, Hula kahiko & Hula ʻauana.

Marne Pfister
Taproom General Manager

Marne grew up in Montana and graduated from Gonzaga University with a degree in Applied Communications, working in PR for years before ending up in Hawaii and falling into the local craft beer scene. Marne is going on 6 years with Lanikai Brewing Company. She orignially started working on Friday nights in the small tasting room at the brewery and was instrumental in helping open the Kailua taproom in 2017. Now days, Marne is the Kailua location General Manager. She equally loves to get lost on a sweaty hike in the jungle, get in the water and look for turtles or swim with sharks, or relax on the beach and watch a sunrise or sunset that you can only catch on the beaches of Hawaii.

Scott Vaughn
Brewer

Scott attended Metropolitan State University in Denver, receiving a degree in Electrical Engineering. After meeting his wife, they moved to Hawaii to start their family on her home island. Scott began as a home brewer. After about 7 years making his own concoctions, he became interested in brewing on a larger scale. Scott came into Lanikai Brewing as a Brewing Assistant - scrubbing the brewery floors - and has worked his way up over the last 6 years to a full time brewer for our company. Scott is a loving father to two girls and enjoys playing hockey, partaking in CrossFit, and spending time with his family in his free time.

Show 3 more people
Dan Frerich
Board member

Dan’s background includes a degree in Environmental Science from Oregon State University. While at OSU, he took a course in fermentation science which sparked his interest in brewing. Following college, he moved to Hawaii and has 25+ years working in the environmental/construction consulting industry.

Julian Ritchey
Board member

Julian Ritchey is a University of Texas at Austin Graduate with degrees in Finance and Pre-Dental. He has 30 years of experience in the hospitality industry as an owner, manager, consultant and bartender in bars, restaurants, hotels, and nightclubs. Upon moving to Hawaii in 2010, Julian changed careers and is now one of Hawaii’s leaders as a renewable energy project developer. He is the senior developer with RevoluSun, Hawaii’s number one PV installer. He started with RevoluSun on 05/01/2010.

Daniel Frerich
Director

Names and titles as disclosed on StartEngine, SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not required3+ reports filed & assets ≤ $10M

Filed 3 of 8 annual reports (FY2018–FY2025)

306 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

  • Form C-ARMar 31, 20260001748070-26-000004
    EDGAR
  • Form C-ARJun 11, 20250001665160-25-001204
    EDGAR
  • Form C-ARJun 17, 20240001665160-24-000995
    EDGAR
  • Form C-UJul 12, 20230001665160-23-001508
    EDGAR
  • Form CMay 9, 20230001665160-23-001228
    EDGAR
  • Form C-WApr 21, 20230001665160-23-000686
    EDGAR
  • Form COct 16, 20180001670254-18-000489
    EDGAR
Source: ManualCIK 0001748070HIShare price $2.04

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.