The company has significantly improved its financial flexibility by reducing total debt to $6.2 million in 2026Q1, though a tight current ratio of 1.04 leaves minimal buffer for operational volatility.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|
| Total Current Assets | 51.7M | 51.83M | 48.73M | 42.6M | 11.31M | 44.92M | 12.41M | 2.75M | 1.61M | 1.26M | 789.82K | 448.47K | 131.47K | 450.73K | 212K | 128.66K |
| Cash & Short-Term Investments | 34.48M | 36.79M | 35M | 33.15M | 3.96M | 41.33M | 9.18M | 1.11M | 180.09K | 141.38K | 182.56K | 232.98K | 75.5K | 155.06K | 98.93K | 33.5K |
| Cash Only | 34.48M | 36.79M | 35M | 33.15M | 3.96M | 41.33M | 9.18M | 1.11M | 180.09K | 141.38K | 182.56K | 232.98K | 75.5K | 155.06K | 98.93K | 33.5K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 9.86M | 9.31M | 8.22M | 5.28M | 2.83M | 980.05K | 997.76K | 97.45K | 99.05K | 128.19K | 446.99K | 154.44K | 14.97K | 209.47K | 49.69K | 36.36K |
| Days Sales Outstanding | 14.86 | 17.5 | 14.12 | 12.63 | 8.69 | 3.85 | 9.77 | 2.85 | 4.34 | 9.26 | 31.14 | 46.25 | 7.65 | 94.58 | 26.92 | 17.84 |
| Inventory | 3.18M | 2.77M | 2.8M | 2.76M | 3.7M | 1.62M | 1.26M | 950.06K | 1.02M | 707.16K | 160.27K | 61.05K | 41.01K | 86.19K | 63.38K | 58.8K |
| Days Inventory Outstanding | 39.37 | 25.76 | 42.42 | 53.3 | 72.41 | 32.79 | 52.08 | 137.32 | 189.56 | 173.97 | 30.06 | 89.94 | 86.59 | 173.53 | 184.15 | 88.96 |
| Other Current Assets | 4.19M | 2.97M | 2.67M | 934.51K | 687.02K | 793.19K | 154.88K | 442.97K | 270.01K | 296.48K | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 18.43M | 18.58M | 23.73M | 15.88M | 14.35M | 5M | 990.26K | 699.08K | 1.01M | 0 | 0 | 0 | 43.75K | 100.72K | 157.7K | 214.67K |
| Property, Plant & Equipment | 5.06M | 5.27M | 7.88M | 1.07M | 1.68M | 1.99M | 274.44K | 23.63K | 0 | 0 | 0 | 0 | 43.75K | 100.72K | 157.7K | 214.67K |
| Fixed Asset Turnover | 36.92x | 36.84x | 26.96x | 142.41x | 70.75x | 46.76x | 135.89x | 527.77x | - | - | - | - | 16.32x | 8.03x | 4.27x | 3.46x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 230.42K | 262.33K | 15.85M | 14.81M | 12.67M | 3.02M | 715.82K | 675.45K | 1.01M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 13.14M | 13.05M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -157.7K | 0 |
| Total Assets | 70.12M | 70.41M | 72.46M | 58.48M | 25.67M | 49.92M | 13.4M | 3.45M | 2.62M | 1.26M | 789.82K | 448.47K | 175.22K | 551.45K | 369.69K | 343.33K |
| Asset Turnover | 3.13x | 2.76x | 2.93x | 2.61x | 4.64x | 1.86x | 2.78x | 3.62x | 3.18x | 4.00x | 6.63x | 2.72x | 4.08x | 1.47x | 1.82x | 2.17x |
| Asset Growth % | -1.36% | -2.83% | 23.9% | 127.85% | -48.59% | 272.48% | 288.92% | 31.73% | 107% | 60.01% | 76.11% | 155.95% | -68.23% | 49.16% | 7.68% | - |
| Total Current Liabilities | 49.59M | 41.57M | 60.26M | 34.78M | 31.37M | 22.83M | 13.93M | 3.98M | 1.19M | 640.97K | 1.15M | 267.48K | 301.52K | 325.56K | 187.1K | 561.51K |
| Accounts Payable | 21.65M | 14.15M | 16.01M | 11.08M | 10.11M | 9.06M | 10.41M | 3M | 869K | 473.49K | 752.93K | 167.48K | 141.32K | 185.36K | 187.1K | 199.34K |
| Days Payables Outstanding | 248.2 | 131.43 | 242.78 | 214.07 | 197.61 | 183.75 | 428.72 | 433.34 | 161.08 | 116.48 | 141.22 | 246.72 | 298.42 | 373.17 | 543.63 | 301.58 |
| Short-Term Debt | 670.83K | 642.42K | 8.44M | 327.6K | 2.8M | 63.4K | 779.13K | 814.73K | 247.42K | 167.48K | 206.37K | 100K | 27.2K | 40.2K | 0 | 262.17K |
| Deferred Revenue (Current) | 48.97M | 10.81M | 14.48M | 8.83M | 5.55M | 1.5M | 916.88K | 0 | 75.98K | -473.49K | 0 | -167.48K | -274.32K | -40.2K | 0 | 0 |
| Other Current Liabilities | 15.24M | 15.97M | 5.11M | 10.93M | 576.03K | 1.66M | 237.04K | 109.55K | -869K | -422.35K | -560.68K | -167.48K | 133K | 0 | 0 | 0 |
| Current Ratio | 1.04x | 1.25x | 0.81x | 1.22x | 0.36x | 1.97x | 0.89x | 0.69x | 1.35x | 1.97x | 0.69x | 1.68x | 0.44x | 1.38x | 1.13x | 0.23x |
| Quick Ratio | 0.98x | 1.18x | 0.76x | 1.15x | 0.24x | 1.90x | 0.80x | 0.45x | 0.49x | 0.87x | 0.55x | 1.45x | 0.30x | 1.12x | 0.79x | 0.12x |
| Cash Conversion Cycle | -193.97 | -88.16 | -186.24 | -148.14 | -116.51 | -147.11 | -366.88 | -293.17 | 32.82 | 66.74 | -80.01 | -110.54 | -204.17 | -105.06 | -332.56 | -194.78 |
| Total Non-Current Liabilities | 5.5M | 5.68M | 16.25M | 18.13M | 1.6M | 1.28M | 292.32K | 599.98K | 604K | 0 | 0 | 0 | 13.2K | 30.4K | 47.6K | 64.8K |
| Long-Term Debt | 5.5M | 0 | 9.89M | 17.93M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 17.57M | 5.68M | 6.27M | 73.85K | 574.14K | 1.18M | 192.32K | 29.98K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4K | 0 | 0 | 0 | 13.2K | 30.4K | 47.6K | 64.8K |
| Other Non-Current Liabilities | 0 | 0 | 100K | 131.25K | 1.02M | 100K | 100K | 570K | 600K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 55.09M | 47.25M | 76.51M | 52.91M | 32.97M | 24.1M | 14.22M | 4.58M | 1.8M | 640.97K | 1.15M | 267.48K | 314.72K | 355.96K | 234.7K | 626.31K |
| Total Debt | 6.17M | 6.32M | 25.1M | 18.93M | 4.13M | 1.85M | 1.06M | 844.71K | 247.42K | 167.48K | 206.37K | 100K | 27.2K | 40.2K | 0 | 262.17K |
| Net Debt | -28.31M | -30.46M | -9.9M | -14.21M | 168.52K | -39.48M | -8.11M | -261.91K | 67.32K | 26.1K | 23.8K | -132.98K | -48.3K | -114.86K | -98.93K | 228.67K |
| Debt / Equity | 0.41x | 0.27x | - | 3.40x | - | 0.07x | - | - | 0.30x | 0.27x | - | 0.55x | - | 0.21x | - | - |
| Debt / EBITDA | -1.20x | - | - | - | - | - | - | - | - | 1.04x | - | - | - | - | - | - |
| Net Debt / EBITDA | 5.51x | - | - | - | - | - | - | - | - | 0.16x | - | - | - | - | - | - |
| Interest Coverage | -6.48x | -5.64x | -7.40x | -5.58x | -31.10x | -17.98x | -34.67x | -3.80x | -5.80x | -12.72x | -24.16x | -3.60x | -101.00x | -83.33x | -136.30x | -23.46x |
| Total Equity | 15.04M | 23.16M | -4.05M | 5.57M | -7.31M | 25.82M | -821.76K | -1.13M | 819.74K | 622.84K | -361.73K | 180.99K | -139.5K | 195.49K | 135K | -282.98K |
| Equity Growth % | 4876.11% | 672.42% | -172.68% | 176.19% | -128.29% | 3241.91% | 27.23% | -237.76% | 31.61% | 272.19% | -299.86% | 229.74% | -171.36% | 44.81% | 147.71% | - |
| Book Value per Share | 0.32 | 0.51 | -0.10 | 0.16 | -0.24 | 0.96 | -0.06 | -0.11 | 0.09 | 0.07 | -0.05 | 0.03 | -0.02 | 0.03 | 0.02 | -0.04 |
| Total Shareholders' Equity | 15.04M | 23.16M | -5.49M | 3.51M | -6.83M | 26.85M | 1.35M | -988.18K | 897.7K | 881.92K | -355.17K | 100.08K | -139.5K | 195.49K | 135K | -282.98K |
| Common Stock | 476.33K | 467.6K | 422.94K | 383.59K | 315.53K | 307.05K | 234.34K | 106.81K | 457.82K | 444.93K | 355.7K | 320.1K | 307.3K | 301.05K | 289.1K | 247.29K |
| Retained Earnings | -238.25M | -228.6M | -236.25M | -214.27M | -190.56M | -141.92M | -80.15M | -16.59M | -12.14M | -10.9M | -9.69M | -8.59M | -8.52M | -8.06M | -7.8M | -7.35M |
| Treasury Stock | 0 | -163.7K | -163.7K | -163.7K | -163.7K | -163.7K | -163.7K | -163.7K | -163.7K | -163.7K | -87.05K | 0 | 0 | 0 | 0 | -51.83K |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -679.29K | -635.54K | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 1.44M | 2.06M | -475.55K | -1.03M | -2.18M | -141.06K | -77.96K | -259.08K | -6.55K | 80.91K | 0 | 0 | 0 | 0 |
High Customer Acquisition Costs
As reported in recent financial filings, LifeMD's equity position has fluctuated significantly, swinging from a deficit of $7.7 million in 2024Q3 to a positive $15.0 million by 2026Q1, suggesting that the company's underlying financial foundation remains highly sensitive to operational performance and capital structure adjustments.
The rapid shift from negative to positive equity indicates that the company has likely relied on external financing or equity issuance to stabilize its position rather than organic earnings growth. Investors should monitor whether this trajectory can be sustained without further dilution, as the current balance sheet strength appears contingent on periodic capital injections.
Based on the company's reported figures, total debt has been reduced from a peak of $25.1 million in 2025Q1 to $6.2 million in 2026Q1, which significantly lowers the interest burden and suggests a strategic shift toward reducing financial leverage amidst a challenging revenue environment.
This reduction in debt is a positive development for the company's risk profile, as it mitigates the threat of insolvency during periods of negative operating cash flow. However, the reliance on debt reduction to manage risk may limit the capital available for the aggressive marketing spend required to drive user growth.
According to quarterly balance sheet data, the current ratio has hovered near or below 1.0 for several periods, reaching 1.04 in 2026Q1, which indicates that the company maintains a tight liquidity position that leaves little room for operational errors or unexpected spikes in customer acquisition costs.
The narrow current ratio suggests that the company's ability to meet short-term obligations is heavily dependent on the timely conversion of its current assets into cash. Given the ongoing revenue contraction, this liquidity profile warrants close monitoring to ensure that the company does not face a working capital crunch.
As disclosed in financial statements, the company's goodwill and intangible assets have fluctuated, with a notable drop from $16.7 million in 2025Q2 to $230.4K in 2026Q1, which may indicate significant impairment charges or a strategic revaluation of previously acquired assets that were not delivering expected returns.
The volatility in these non-current assets suggests that the company's historical M&A strategy may have been overly optimistic regarding the value of acquired entities. Investors should be wary of further write-downs, as these adjustments directly impact the equity base and could signal that the company is struggling to integrate its disparate business segments effectively.
Quick answers to the most common questions about buying LFMD stock.
As of 2025, LifeMD, Inc. (LFMD) had total assets of $70.4M including $51.8M in current assets.
LifeMD, Inc. (LFMD) carries total debt of $6.3M, offset by $36.8M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
LifeMD, Inc. (LFMD) has total shareholders' equity (book value) of $23.2M ($0.51 book value per share). Book value represents the net worth of the company belonging to common stock holders.
LifeMD, Inc. (LFMD) reported a current ratio of 1.25x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.