LifeMD (LFMD) Research & Development (2019 - 2025)
LifeMD's (LFMD) quarterly Research & Development came in at -$80.4 million in Q4 2025, down 32782.83% YoY from N/an in Q4 2024, and down 372.94% on a QoQ basis from $29.5 million in Q3 2025.
LifeMD (LFMD) Research & Development (2019 - 2025) Analysis & Trends
LifeMD (LFMD) has 7 years of Research & Development data on file, last reported at -$80.4 million in Q4 2025.
- Quarterly Research & Development fell 32782.83% year-over-year to -$80.4 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $7.3 million (up 7.13% YoY) and the FY2025 annual result came in at $7.3 million, up 7.13% from the prior year.
- Research & Development declined to -$80.4 million in Q4 2025, from $29.5 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $76.4 million in Q4 2022 to a low of -$80.4 million in Q4 2025.
- A 5-year average of $5.7 million and a median of $2.2 million in 2024 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2022 — Research & Development soared 17695.62% — and 2025, when it slumped 32782.83%.
- Tracing LFMD's Research & Development over 5 years: stood at -$60.6 million in 2021, then surged by 226.12% to $76.4 million in 2022, then plunged by 97.39% to $2.0 million in 2023, then sank by 112.24% to -$244650.0 in 2024, then tumbled by 32782.83% to -$80.4 million in 2025.
- The last three Research & Development figures came in at -$80.4 million (Q4 2025), $29.5 million (Q3 2025), and $29.1 million (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 208.32 Mn |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | - |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 26.83 Mn |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | 56.79 Mn |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 81.41 Mn |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | 99.00 Mn |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 50.38 Mn |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 45.05 Mn |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | 30.58 Mn |
| 10 | LifeMD | 160.97 Mn | 123.85 Mn | 2.85 Mn | -1.72 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -80.45 Mn |
| Sep 30, 2025 | 29.47 Mn |
| Jun 30, 2025 | 29.13 Mn |
| Mar 31, 2025 | 29.19 Mn |
| Dec 31, 2024 | -244,650.00 |
| Sep 30, 2024 | 2.61 Mn |
| Jun 30, 2024 | 2.40 Mn |
| Mar 31, 2024 | 2.09 Mn |
| Dec 31, 2023 | 2.00 Mn |
| Sep 30, 2023 | 1.50 Mn |
| Jun 30, 2023 | 19.57 Mn |
| Mar 31, 2023 | 16.72 Mn |
| Dec 31, 2022 | 76.42 Mn |
| Sep 30, 2022 | 821,636.00 |
| Jun 30, 2022 | 21.82 Mn |
| Mar 31, 2022 | 21.91 Mn |
| Dec 31, 2021 | -60.59 Mn |
| Sep 30, 2021 | 128,134.00 |
| Jun 30, 2021 | 122,603.00 |
| Mar 31, 2021 | 311,056.00 |