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LifeMD Inc

lifemd.com

LifeMD Inc (NASDAQ: LFMD) is a direct-to-patient telehealth company that delivers virtual medical care and pharmacy services across multiple specialty areas through a subscription-based platform. Revenue comes primarily from membership and subscription fees, with additional income from prescription fulfillment routed through third-party mail-order pharmacies and, beginning June 2024, from commercial and government health insurance reimbursements. The company operates branded telehealth platforms including LifeMD+, Rex MD (men's health), and a behavioral health program offering teletherapy, psychiatry, and medication management. Care is delivered through LifeMD PC, an affiliated 50-state physician-owned professional corporation network. As of December 31, 2025, the insurance network covered approximately 112 million lives, including approximately 30 million Medicare Fee-for-Service beneficiaries. The company employed 389 people as of December 31, 2025. WorkSimpli Software LLC was sold on November 4, 2025, and is classified as discontinued operations.

Products & Services

LifeMD+ membership-based virtual primary care (24/7 urgent care, prescriptions, diagnostics); Rex MD men's telehealth platform; behavioral health program (teletherapy, psychiatry, medication management); weight management and metabolic health programs; chronic disease management and hormone optimization services; integrated EMR and affiliated provider network across all 50 states.

Revenue Model

Subscription and membership fees from patients using the LifeMD+ virtual primary care offering and specialty programs; management services fees paid by the affiliated physician entity LifeMD PC under a management services agreement; prescription fulfillment revenue facilitated through third-party mail-order pharmacies; and insurance reimbursement from commercial and government payers, accepted beginning June 2024.

Customers & Markets

Direct-to-patient consumers in the U.S. seeking virtual medical care across primary care, men's health, behavioral health, weight management, and metabolic health. Payer mix includes cash-pay and, from June 2024 onward, commercial insurance and government payers including Medicare Fee-for-Service.

Geographic Exposure

United States only, with a 50-state affiliated provider network.

Financial Snapshot

Revenue
TTM
$219.4M
Gross Margin
TTM
87.77%
Net Income
TTM
$4.434M
Current Assets
2026 Q1
Current Liabilities
2026 Q1
Current Ratio
2026 Q1
104.26%
Total Assets
2026 Q1
Total Liabilities
2026 Q1
Book Value
2026 Q1
$15.04M
Cash
2026 Q1
P/E
TTM
38.18
Free Cash Flow
TTM
-$1.100M

Stock Price

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Market Cap: $169.27 Million

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