LifeMD (LFMD) Operating Expenses (2012 - 2025)
LifeMD (LFMD) reported Operating Expenses of $9.07 million for Q4 2025, up 94.9% from $4.65 million a year earlier but down 83.4% from the prior quarter.
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Analysis
LifeMD (LFMD) Operating Expenses (2012 - 2025) Analysis & Trends
For FY2025, LifeMD posted Operating Expenses of $174.01 million, up 13.2% from FY2024.
- Operating Expenses has increased for eight consecutive years, with a five-year compound annual growth rate of 15.1% (FY2020 to FY2025).
- By year, Operating Expenses came in at $153.79 million in FY2024 (+3.8%), $148.14 million in FY2023 (+3.0%), $143.81 million in FY2022 (+11.3%) and $129.18 million in FY2021 (+49.8%).
- Five-year quarterly Operating Expenses spans a low of $4.65 million in Q4 2024 and a high of $55.69 million in Q2 2025.
- Year over year, Operating Expenses has now increased in each of the last four quarters, with growth averaging 20.1% over the last eight quarters.
- The high point for year-over-year Operating Expenses in five years was Q1 2021 (growth of 471.5%); the low point was Q4 2024 (a decline of 88.8%).
- Per Business Quant data, the three quarters before Q4 2025 came in at $54.73 million (Q3 2025), $55.69 million (Q2 2025) and $54.51 million (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 94.29 Bn | 93.74 Bn | - | 17.74 Bn |
| 2 | Natera | 59.14 Bn | 54.82 Bn | 485.19 Mn | 828.54 Mn |
| 3 | Quest Diagnostics | 26.23 Bn | 24.66 Bn | 1.03 Bn | 2.58 Bn |
| 4 | Labcorp Holdings | 25.04 Bn | 22.81 Bn | 1.11 Bn | 582.30 Mn |
| 5 | Guardant Health | 23.69 Bn | 19.76 Bn | 219.03 Mn | 464.10 Mn |
| 6 | Tenet Healthcare | 20.77 Bn | 11.92 Bn | - | - |
| 7 | Tempus AI | 14.91 Bn | 11.94 Bn | 246.50 Mn | 458.40 Mn |
| 8 | Encompass Health | 12.24 Bn | 12.70 Bn | - | 1.31 Bn |
| 9 | Davita | 11.39 Bn | 10.15 Bn | 1.16 Bn | 2.98 Bn |
| 10 | LifeMD | 140.11 Mn | 140.11 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
API Access
LifeMD Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=LFMD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "LFMD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=LFMD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();