Lingerie Fighting Championships, Inc.
Lingerie Fighting Championships, Inc. is a U.S.-based sports entertainment and media company built around the LFC league, which stages live events featuring women competing with wrestling and MMA techniques for mature audiences. The company also monetizes its brand through televised programming, digital distribution, sponsorships, merchandise, and subscription access on its own website.
Fiscal year 2025 · change from previous year
Development 2020–2025
Business
Share of revenueTicketed and promoted live fight entertainment events staged in the U.S. and abroad.
Televised programming, video-on-demand, and digital distribution of LFC content.
Brand sponsorships and advertising tied to events, media, and social reach.
Direct-to-consumer access through the company's subscription website.
Branded apparel and collectibles such as t-shirts and calendars.
Products
Reported · share of revenue- Advertising57.5 %
- Licensing24.0 %
- Live Events Broadcasting and Site Subscriptions17.3 %
- Sponsorship1.2 %
Source: 10-K FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.
Customers
The company sells to mature entertainment audiences that follow combat-sports-style content, as well as viewers who consume its programming through broadcasters, video platforms, and its own subscription site. Revenue also depends on sponsors and advertisers that want access to the LFC brand, social media audience, and event traffic.
Fans who buy tickets to LFC shows for live combat-entertainment experiences.
Consumers who watch via the subscription website, VOD, or digital channels.
Networks and platforms that distribute LFC programming to reach wider audiences.
Brands that pay for association with the league, events, and social media reach.
Fans buying branded products such as t-shirts and calendars.
Strategy
The company is focused on growing the LFC brand by increasing live event frequency, expanding media distribution, and converting audience interest into sponsorship and subscription revenue. Recent priorities include building broadcaster relationships, growing social media reach, and using marquee events and touring to strengthen the league's visibility and monetization.
Live events are the core brand-building and revenue engine.
Broadcast and digital reach increase audience size and monetization options.
A larger social following supports sponsorship, advertising, and direct sales.
Partnerships can improve event scale and reduce reliance on one revenue stream.
Geography
LFC is headquartered in Las Vegas, Nevada, and its business is centered on U.S. operations but includes international touring and promotion, especially in the UK. Management specifically highlighted two UK events in 2025, including a best-selling event in London, showing that overseas live events are an important growth and cost driver.
Risks
LFC depends on a niche entertainment format, so demand can be volatile and tied to audience acceptance, sponsor interest, and event execution. The business also faces high production and promotion costs, international touring risk, and financing risk given its use of convertible notes and recurring losses.
The business relies on a niche combat-entertainment format that may not scale broadly.
Management said lower advertising and sponsorship revenue reduced revenue in 2025.
Exposure: Core monetization stream
UK events increased production and promotion costs and pressured gross profit.
Exposure: Live event margins
The company has funded operations with convertible notes, which can dilute shareholders and add complexity.
Exposure: Capital structure and earnings per share
Convertible instruments may require fair value accounting for embedded derivatives.
Exposure: Reported earnings and balance sheet volatility
Accounting
Judgemental itemsRevenue comes from multiple streams with different timing triggers, affecting quarterly comparability.
Impact: Event, sponsorship, and subscription revenue may be recognized at different points
The company states that conversion options may be bifurcated and accounted for as derivatives.
Impact: Fair value changes can create large non-cash gains or losses
Brand-related assets and content-related intangibles may require impairment testing.
Impact: Could lead to write-downs if expected cash flows weaken
Revenue and costs depend on when live events are staged, especially international tours.
Impact: Quarterly results can be uneven and less comparable
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Last updated: 28/04/2026