LifeMD (LFMD) Research & Development (2019 - 2025)
LifeMD (LFMD) posted Research & Development of -$80.4 million for Q4 2025, down 372.94% on a QoQ basis from $29.5 million in Q3 2025, and down 32782.83% year-over-year from N/an in Q4 2024.
LifeMD (LFMD) Research & Development (2019 - 2025) Analysis & Trends
LifeMD's Research & Development history runs 7 years deep, the most recent figure standing at -$80.4 million for 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 was -$80.4 million for Q4 2025 at LifeMD, down from $29.5 million in the prior quarter.
- Across five years, Research & Development topped out at $76.4 million in Q4 2022 and bottomed at -$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 sank 32782.83%.
- LifeMD's Research & Development stood at -$60.6 million in 2021, then jumped by 226.12% to $76.4 million in 2022, then slumped by 97.39% to $2.0 million in 2023, then tumbled by 112.24% to -$244650.0 in 2024, then sank by 32782.83% to -$80.4 million in 2025.
- Business Quant data shows LFMD's Research & Development at -$80.4 million in Q4 2025, $29.5 million in Q3 2025, and $29.1 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 31.81 Bn | 24.49 Bn | 662.02 Mn | 208.32 Mn |
| 2 | BrightSpring Health Services | 14.76 Bn | 13.86 Bn | 482.22 Mn | - |
| 3 | Healthequity | 8.36 Bn | 8.10 Bn | 256.31 Mn | 26.83 Mn |
| 4 | Hinge Health | 5.91 Bn | 5.60 Bn | 154.23 Mn | 30.34 Mn |
| 5 | 10x Genomics | 5.89 Bn | 5.35 Bn | 106.18 Mn | 56.85 Mn |
| 6 | MiniMed | 4.45 Bn | 4.16 Bn | 480.00 Mn | 99.00 Mn |
| 7 | Waystar Holding | 4.41 Bn | 4.35 Bn | 216.84 Mn | 45.83 Mn |
| 8 | Doximity | 3.93 Bn | 3.18 Bn | 125.97 Mn | 39.11 Mn |
| 9 | Privia Health | 3.10 Bn | 2.68 Bn | - | 8.13 Mn |
| 10 | LifeMD | 169.91 Mn | 132.79 Mn | 2.85 Mn | -80.45 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 |