LFMDNasdaqServices-Offices & Clinics of Doctors of MedicineUS GAAP · USD

LifeMD, Inc.

LifeMD, Inc. is a U.S.-based telehealth and virtual care company that delivers direct-to-consumer healthcare through its LifeMD and Rex MD brands, supported by a proprietary digital platform, affiliated provider network, pharmacy, and EMR integrations. The company also owns WorkSimpli, a subscription software business centered on PDFSimpli, giving it a second recurring-revenue stream outside healthcare.

Liikevaihto194milj. USD
+25,3 %v/v
Liikevoitto (EBIT)−7,7milj. USD
+52,5 %v/v
EBIT-marginaali−4,0%
+6,5 %-yks.v/v
Nettotulos14,4milj. USD
+167,0 %v/v
Vapaa kassavirta6,4milj. USD
−60,1 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−1000100200milj. USD2020: 37 milj. USD2020: EBIT −58 milj. USD20202021: 93 milj. USD2021: EBIT −54 milj. USD20212022: 119 milj. USD2022: EBIT −43 milj. USD20222023: 153 milj. USD2023: EBIT −14 milj. USD20232024: 155 milj. USD2024: EBIT −16 milj. USD20242025: 194 milj. USD2025: EBIT −7,7 milj. USD2025194−7,7
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Direct-to-patient telehealth brands80 %

Virtual care, prescriptions, OTC products, and ongoing patient management sold through LifeMD and Rex MD.

WorkSimpli SaaS20 %

Subscription software for converting, signing, editing, and sharing PDF documents through PDFSimpli.

Asiakkaat

LifeMD sells primarily to consumers seeking convenient, lower-friction access to care for primary care, weight management, and men’s health needs. It also serves select enterprise and B2B partners in healthcare, where its platform is used to improve patient awareness, access, adherence, and compliance. WorkSimpli serves individual and business users that need simple document workflow tools on a subscription basis.

Direct-to-consumer telehealth patients

Individuals buying virtual primary care, weight management, and men’s health services because they want convenient access and recurring care.

Subscription patients and repeat users

Patients purchasing prescription and OTC products on a recurring basis, supporting retention and recurring revenue.

B2B healthcare partners

Pharma, medical device, and diagnostic companies that buy digital engagement and access solutions to reach patients.

WorkSimpli software users

Consumers and small businesses using PDFSimpli for document conversion and editing workflows.

Strategia

LifeMD is building an end-to-end telehealth platform that connects patient acquisition, provider access, EMR, prescriptions, pharmacy fulfillment, and ongoing care in one ecosystem. Near term, it is focused on scaling recurring subscriptions, expanding insurance acceptance, and deepening partnerships that improve access and patient conversion. It is also using WorkSimpli and its pharmacy infrastructure to diversify revenue and strengthen operating leverage.

Expand integrated telehealth workflowLyhyt aikaväli

Owning scheduling, EMR, pharmacy, and fulfillment improves conversion and retention.

Increase insurance-based accessLyhyt aikaväli

Insurance acceptance can lower patient friction and broaden the addressable market.

Scale recurring subscription revenueKeskipitkä aikaväli

Subscription economics support retention and make revenue more predictable.

Diversify through B2B partnerships and WorkSimpliKeskipitkä aikaväli

Additional revenue streams reduce dependence on one consumer vertical.

Maantiede

LifeMD’s telehealth business is primarily U.S.-focused, with services delivered nationwide through digital channels and licensed provider networks. The company is expanding insurance acceptance across states, including private payors and Medicare beneficiaries, which broadens access and can support growth in medically necessary care. WorkSimpli is also delivered digitally, so geography matters less for fulfillment than for customer acquisition and regulatory compliance.

Riskit

LifeMD faces execution risk from its relatively short operating history, ongoing losses, and the need to keep scaling patient acquisition while controlling marketing and fulfillment costs. Its telehealth model is exposed to healthcare regulation, provider availability, reimbursement changes, and cybersecurity risk, while WorkSimpli adds software competition and customer retention risk. Liquidity remains an important issue because growth, acquisitions, and lease obligations require continued access to cash and external financing.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Unprofitable growth model1Regulatory and reimbursement risk2Provider and pharmacy execution4Cybersecurity and data privacy5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Unprofitable growth modelVaikutus: KorkeaTodennäköisyys: Korkea

    The company has not yet achieved profitability and expects higher expenses as it scales.

    Kohdistuu: Telehealth and corporate overhead

  2. Regulatory and reimbursement riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Telehealth, pharmacy, and insurance acceptance depend on changing healthcare rules and payor policies.

    KohdistuuVirtual primary careWeight managementMedicare expansion
  3. Customer acquisition cost pressureVaikutus: Korkea

    The model relies on online marketing and advertising to drive subscriptions and new patients.

    Kohdistuu: Direct-to-consumer telehealth brands

  4. Provider and pharmacy executionVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Service quality depends on licensed providers, pharmacy fulfillment, and shipping reliability.

    Kohdistuu: Prescription fulfillment and ongoing care

  5. Cybersecurity and data privacyVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    The platform handles sensitive health and personal data across digital channels.

    Kohdistuu: Telehealth platform and WorkSimpli

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition for subscriptions and services

The company sells recurring subscriptions, telehealth services, and software, so timing of recognition affects reported growth and margins.

Vaikutus: Telehealth and WorkSimpli revenue comparability

Fulfillment and shipping cost accruals

Prescription, OTC, and shipping costs are directly tied to telehealth revenue and can move gross margin.

Vaikutus: Gross profit and telehealth margin

Lease accounting

The Lancaster pharmacy and other operating leases create balance sheet and cash flow obligations.

Vaikutus: Operating liabilities and cash commitments

Impairment and valuation estimates

Rapidly evolving businesses with acquisitions and intangibles require judgment on recoverability.

Vaikutus: Goodwill and intangible asset carrying values

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026