LifeMD Inc
For the period ended Mar 31, 2025. Filed May 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 6, 2025
LFMD$1.74-16.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Revenues | ||
| Telehealth revenue, net | $52,456,481 | $30,841,402 |
| WorkSimpli revenue, net | 13,241,275 | 13,302,862 |
| Total revenues, net | 65,697,756 | 44,144,264 |
| Cost of revenues | ||
| Cost of telehealth revenue | 8,136,462 | 4,194,595 |
| Cost of WorkSimpli revenue | 507,254 | 405,582 |
| Total cost of revenues | 8,643,716 | 4,600,177 |
| Gross profit | 57,054,040 | 39,544,087 |
| Expenses | ||
| Selling and marketing expenses | 29,194,061 | 24,173,880 |
| General and administrative expenses | 17,055,669 | 15,305,732 |
| Customer service expenses | 3,071,494 | 1,848,041 |
| Development costs | 2,675,134 | 2,087,232 |
| Other operating expenses | 2,514,758 | 2,300,447 |
| Total expenses | 54,511,116 | 45,715,332 |
| Operating income (loss) | 2,542,924 | (6,171,245) |
| Interest expense, net | (626,275) | (477,678) |
| Net income (loss) | 1,916,649 | (6,648,923) |
| Net income attributable to non-controlling interest | 531,845 | 119,432 |
| Net income (loss) attributable to LifeMD, Inc. | 1,384,804 | (6,768,355) |
| Preferred stock dividends | (776,563) | (776,563) |
| Net income (loss) attributable to LifeMD, Inc. common stockholders | $608,241 | $(7,544,918) |
| Basic earnings (loss) per share attributable to LifeMD, Inc. common stockholders | $0.01 | $(0.19) |
| Diluted earnings (loss) per share attributable to LifeMD, Inc. common stockholders | $0.01 | $(0.19) |
| Weighted average number of common shares outstanding: | ||
| Basic | 43,135,778 | 39,242,237 |
| Diluted | 45,580,311 | 39,242,237 |
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