LifeMD (LFMD) Operating Expenses (2012 - 2025)

LifeMD (LFMD) posted Operating Expenses of $9.1 million for Q4 2025, down 83.43% on a QoQ basis from $54.7 million in Q3 2025, and up 94.92% year-over-year from $4.7 million in Q4 2024.

LifeMD (LFMD) Operating Expenses (2012 - 2025) Analysis & Trends

LifeMD's Operating Expenses history runs 14 years deep, the most recent figure standing at $9.1 million for Q4 2025.

  • Quarterly Operating Expenses rose 94.92% year-over-year to $9.1 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $174.0 million (up 12.58% YoY) and the FY2025 annual result came in at $174.0 million, up 13.15% from the prior year.
  • Operating Expenses was $9.1 million for Q4 2025 at LifeMD, down from $54.7 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $55.7 million in Q2 2025 and bottomed at $4.7 million in Q4 2024.
  • A 5-year average of $37.5 million and a median of $36.6 million in 2022 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2021 — Operating Expenses surged 471.52% — and 2024, when it tumbled 88.83%.
  • LifeMD's Operating Expenses stood at $35.5 million in 2021, then fell by 3.07% to $34.4 million in 2022, then advanced by 21.07% to $41.7 million in 2023, then tumbled by 88.83% to $4.7 million in 2024, then surged by 94.92% to $9.1 million in 2025.
  • Business Quant data shows LFMD's Operating Expenses at $9.1 million in Q4 2025, $54.7 million in Q3 2025, and $55.7 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Veeva Systems 31.81 Bn 24.49 Bn 662.02 Mn 388.91 Mn
2 BrightSpring Health Services 14.76 Bn 13.86 Bn 482.22 Mn 360.77 Mn
3 Healthequity 8.36 Bn 8.10 Bn 256.31 Mn 153.36 Mn
4 Hinge Health 5.91 Bn 5.60 Bn 154.23 Mn 122.16 Mn
5 10x Genomics 5.89 Bn 5.35 Bn 106.18 Mn 123.22 Mn
6 MiniMed 4.45 Bn 4.16 Bn 480.00 Mn 398.00 Mn
7 Waystar Holding 4.41 Bn 4.35 Bn 216.84 Mn 233.41 Mn
8 Doximity 3.93 Bn 3.18 Bn 125.97 Mn 101.14 Mn
9 Privia Health 3.10 Bn 2.68 Bn - 596.43 Mn
10 LifeMD 169.91 Mn 132.79 Mn 2.85 Mn 9.07 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 9.07 Mn
Sep 30, 2025 54.73 Mn
Jun 30, 2025 55.69 Mn
Mar 31, 2025 54.51 Mn
Dec 31, 2024 4.65 Mn
Sep 30, 2024 52.26 Mn
Jun 30, 2024 51.94 Mn
Mar 31, 2024 45.72 Mn
Dec 31, 2023 41.68 Mn
Sep 30, 2023 38.40 Mn
Jun 30, 2023 36.29 Mn
Mar 31, 2023 31.76 Mn
Dec 31, 2022 34.42 Mn
Sep 30, 2022 33.76 Mn
Jun 30, 2022 38.73 Mn
Mar 31, 2022 36.90 Mn
Dec 31, 2021 35.51 Mn
Sep 30, 2021 32.44 Mn
Jun 30, 2021 34.32 Mn
Mar 31, 2021 26.91 Mn