Overview
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- TickerLFMD on Nasdaq1
- IndustryServices-Offices & Clinics of Doctors of Medicine1
- HeadquartersNew York, New York1
- Incorporated inDE2
- Business address236 Fifth Avenue, Suite 400, New York, Ny 100012
- Filer categoryAccelerated filer2
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LifeMD brand is our flagship virtual primary care and specialty platform, having served over 679,000 customers and patients to date.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
Telehealth Subscription Revenue brought in 58% of the revenue LifeMD, Inc. broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2024 | 2025 |
|---|---|---|
| Telehealth Subscription Revenue | $67.7M | $113.3M |
| Telehealth | $82.1M | $80.8M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue14¢$27.7M
- Other costs78¢$150.6M
- Interest1¢$1.4M
- Income tax0¢$45.7K
- Profit7¢$14.4M
Out of $194.1M in revenue.5
Where each dollar of operating cash went, fiscal 2025
- Capital spending23¢$1.9M
- Dividends paid38¢$3.1M
- Share buybacks3¢$270.0K
- Kept or used elsewhere37¢$3.0M
Out of $8.3M of cash from operations.5
Financial statements
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $12.5M6 | $37.3M7 | $92.9M8 | $119.0M9 | $152.5M10 | $154.8M5 | $194.1M5 |
| Cost of revenue | $2.5M6 | $8.9M7 | $18.0M8 | $18.7M9 | $18.9M10 | $21.4M5 | $27.7M5 |
| Gross profit | $9.9M6 | $28.4M7 | $74.9M8 | $100.4M9 | $133.6M10 | $133.4M5 | $166.3M5 |
| Research and development | |||||||
| Operating expenses | $129.2M8 | $143.8M9 | $148.1M10 | $153.8M5 | $174.0M5 | ||
| Operating income | -$2.9M6 | -$57.8M7 | -$54.3M8 | -$43.4M9 | -$14.5M10 | -$20.4M5 | -$7.7M5 |
| Interest | $761.1K6 | $1.7M7 | $3.0M8 | $1.3M9 | $2.6M10 | $2.2M5 | $1.4M5 |
| Income before tax | -$61.3M8 | -$44.7M9 | -$17.4M10 | -$22.6M5 | -$10.2M5 | ||
| Income tax | -$122.5K6 | $122.5K7 | $7.7K8 | $360.7K9 | $428.0K10 | $598.0K5 | $45.7K5 |
| Net income | -$3.1M6 | -$58.6M7 | -$60.9M8 | -$45.5M9 | -$20.6M10 | -$21.4M5 | $14.4M5 |
| Earnings per share | -$0.605 | $0.255 | |||||
| Earnings per share (diluted) | -$0.605 | $0.255 | |||||
| Shares (weighted, basic) | 27.0M shares8 | 31.0M shares9 | 33.9M shares10 | 41.2M shares5 | 45.1M shares5 | ||
| Shares (weighted, diluted) | 27.0M shares8 | 31.0M shares9 | 33.9M shares10 | 41.2M shares5 | 45.1M shares5 |
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash | $1.1M6 | $9.2M7 | $41.3M8 | $4.0M9 | $33.1M10 | $35.0M10 | $36.8M5 |
| Receivables | $980.1K8 | $2.8M10 | $5.3M10 | $10.5M5 | $9.3M5 | ||
| Inventory | $1.6M8 | $3.7M9 | $2.8M10 | $2.8M5 | $2.8M5 | ||
| Current assets | $2.7M6 | $12.4M7 | $44.9M8 | $11.3M9 | $42.6M10 | $52.4M5 | $51.8M5 |
| Property, plant and equipment | $233.8K8 | $476.4K9 | $476.3K10 | $1.4M5 | $2.4M5 | ||
| Goodwill | $08 | $8.0M9 | |||||
| Intangible assets | $19.8K8 | $3.8M9 | $3.0M10 | $53.3K5 | $262.3K5 | ||
| Total assets | $3.4M6 | $13.4M7 | $49.9M8 | $25.7M9 | $58.5M10 | $76.1M5 | $70.4M5 |
| Accounts payable | $9.1M8 | $10.1M9 | $11.1M10 | $10.9M5 | $14.1M5 | ||
| Current liabilities | $4.0M6 | $13.9M7 | $22.8M8 | $31.4M9 | $34.8M10 | $67.4M5 | $41.6M5 |
| Total liabilities | $4.6M6 | $14.2M7 | $24.1M8 | $33.0M9 | $52.9M10 | $83.7M5 | $47.3M5 |
| Retained earnings | -$141.9M8 | -$190.6M9 | -$214.3M10 | -$239.9M5 | -$228.6M5 | ||
| Shareholders’ equity | -$988.2K6 | -$2.3M7 | $22.7M8 | -$11.4M9 | $3.5M10 | -$9.1M5 | $23.2M5 |
| Shares outstanding | 10.6M shares6 | 23.3M shares7 | 30.6M shares8 | 31.4M shares9 | 38.3M shares10 | 42.2M shares5 | 46.7M shares5 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash from operations | $251.4K6 | -$12.1M7 | -$33.1M8 | -$22.9M9 | $8.8M10 | $17.5M5 | $8.3M5 |
| Stock-based compensation | $12.1M8 | $13.7M9 | $12.5M10 | $12.2M5 | $10.5M5 | ||
| Capital spending | $247.4K8 | $366.6K9 | $203.8K10 | $1.5M5 | $1.9M5 | ||
| Free cash flow | -$33.3M | -$23.3M | $8.6M | $16.0M | $6.4M | ||
| Cash from investing | -$3.4M8 | -$13.9M9 | -$8.7M10 | -$11.5M5 | $6.9M5 | ||
| Dividends paid | $871.5K8 | $3.1M9 | $3.1M10 | $3.1M5 | $3.1M5 | ||
| Share buybacks | $270.0K5 | ||||||
| Cash from financing | $68.6M8 | -$528.2K9 | $29.1M10 | -$4.1M5 | -$13.4M5 |
Corporate structure
LifeMD, Inc. sits at the top of its group. 4 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of LifeMD, Inc.
- Federated Hermes Filed SCHEDULE 13G/A on LifeMD, Inc., latest Oct 7, 2026 (2 filings since Jul 8, 2026)
- Divisadero Street Capital Management, LP Filed SC 13G/A on LifeMD, Inc., latest Nov 14, 2024 (3 filings since Oct 6, 2023)
- BlackRock Filed SC 13G on LifeMD, Inc., latest Nov 8, 2024 (2 filings since Oct 24, 2024)
- LifeMD, Inc. New York, New York
- LifeMD Pharmacy Holdings 1, LLC Subsidiary · Delaware, United States
- LifeMD Pharmacy Holdings, LLC Subsidiary · Delaware, United States
- LifeMD Pharmacy Services, LLC Subsidiary · Delaware, United States
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What LifeMD, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $4.2M5 Dec 31, 2025 | $2.3M5 Dec 31, 2024 | +82.0% |
| Accumulated depreciation | $1.7M5 Dec 31, 2025 | $842.3K5 Dec 31, 2024 | +102.8% |
| Property and equipment, net | $2.4M5 Dec 31, 2025 | $1.4M5 Dec 31, 2024 | +69.8% |
| Operating-lease assets (leased space) | $5.3M5 Dec 31, 2025 | $6.2M5 Dec 31, 2024 | −15.4% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $35.0M10 Dec 31, 2024 | $33.1M10 Dec 31, 2023 | +5.6% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Finite-lived intangibles, gross | $649.3K5 Dec 31, 2025 | $346.3K5 Dec 31, 2024 | +87.5% |
| Accumulated amortization | $386.9K5 Dec 31, 2025 | $292.9K5 Dec 31, 2024 | +32.1% |
| Finite-lived intangibles, net | $262.3K5 Dec 31, 2025 | $53.3K5 Dec 31, 2024 | +391.9% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $2.8M5 Dec 31, 2025 | $2.8M5 Dec 31, 2024 | −0.9% |
| Raw materials | $855.0K5 Dec 31, 2025 | $1.5M5 Dec 31, 2024 | −43.2% |
| Finished goods | $2.1M5 Dec 31, 2025 | $1.6M5 Dec 31, 2024 | +33.3% |
Properties, in its own words
The Company leases office space domestically under operating leases including: (1) the Company’s headquarters in New York, New York for which the lease expires in 2028, (2) a marketing and sales center in Huntington Beach, California for which the lease expires in 2027, (3) a patient care center in Greenville, South Carolina for which the lease expires in 2032, with an additional five year option to extend, for which the Company expects to utilize, and (4) a warehouse and pharmacy operations center in Lancaster, Pennsylvania for which the lease expires in 2029, with an additional five year option to extend, for which the Company expects to utilize.
Leased premises range from approximately 1,000 to 23,000 square feet with monthly rents ranging from approximately $1,800 per month to approximately $60,000 per month.
The rest of Item 2
We believe that our existing facilities are adequate for current and presently foreseeable operations. In general, our properties are well maintained and are being utilized for their intended purposes. Additional space may be required as we expand our business activities. We do not foresee any significant difficulties in obtaining additional facilities if deemed necessary.
Item 2 of the 10-K filed Mar 10, 2026.4
Leadership
Who has led LifeMD, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
- Chief executive officerJustin Schreiber Mar 28, 2018 to now13
- ChairJustin Schreiber Mar 20, 2025 to now14
- PresidentAlexander Mironov Sep 10, 2021 to Aug 1, 202315
- PresidentJustin Schreiber Oct 27, 2017 to Feb 12, 201816
- Chief financial officerAtul Kavthekar Apr 1, 2026 to now17
- Chief financial officerMarc David Benathen Feb 10, 2021 to Apr 1, 202618
- Chief financial officerDagnery Juan Manuel Pineiro Apr 10, 2019 to Apr 10, 201919
- Chief financial officerRobert L. Kalkstein Nov 13, 2017 to Mar 4, 201920
- Chief operating officerShayna Webb Dray Jul 31, 2025 to now21
- Chief operating officerBrad Michael Roberts Feb 3, 2021 to Jun 15, 202322
- Chief operating officerStefan Galluppi Nov 22, 2017 to Sep 24, 202023
Board members and other officers (30)
- Chief Marketing OfficerChristopher A. Pisano Apr 1, 2026 to now24
- Chief Technology OfficerUmesh Sripad Jun 3, 2026 to now25
- Chief Compliance OfficerShane Biffar Feb 26, 2025 to now26
- Chief Marketing OfficerJessica Friedeman Jan 5, 2023 to now27
- Chief Technology OfficerDennis Wijnker Jan 6, 2022 to now28
- Principal Accounting OfficerMaria E. Stan Feb 8, 2022 to now29
- Chief Digital OfficerBryant Patrick Hussey Jan 14, 2021 to Jan 14, 202130
- Chief Medical OfficerAnthony David Puopolo Ii. Jan 15, 2021 to Jan 15, 202131
- Chief Business OfficerCorey Deutsch Feb 5, 2021 to Aug 25, 202132
- Former Chief Revenue OfficerDagnery Juan Manuel Pineiro Apr 7, 2021 to Apr 7, 202133
- Chief Acquisition OfficerNicholas P. Alvarez Feb 10, 2020 to now34
- Chief Compliance OfficerEric Harold Yecies Dec 3, 2020 to Feb 25, 202135
- Chief Technology OfficerStefan Galluppi Dec 11, 2020 to now36
- Board memberCalum Archibald Macrae May 20, 2024 to now37
- Board memberJoan Larovere Feb 13, 2023 to now38
- Board memberWilliam J. Febbo Jun 22, 2023 to Jun 22, 202339
- Board memberPiyush Jindal Sep 20, 2022 to Jul 19, 202440
- Board memberKathleen E. Walsh Dec 23, 2022 to Dec 23, 202241
- Board memberNaveen Bhatia Sep 20, 2021 to Apr 5, 202442
- Board memberEleanor Concepcion Mariano Nov 23, 2020 to Sep 21, 202143
- Board memberBertrand Velge Jun 17, 2019 to Sep 1, 202344
- Board memberHappy David Walters Jun 27, 2019 to Mar 24, 202145
- Board memberAnthony Bruzzese May 2, 2018 to Sep 28, 201846
- Board memberJustin Schreiber Oct 27, 2017 to now16
- Board memberRyan Aldridge Nov 8, 2017 to Nov 8, 201747
- Board memberMichael Borenstein Nov 13, 2017 to Nov 13, 201748
- Board memberJohn R. Strawn Jr. Nov 21, 2017 to now49
- Board memberJoseph Ditrolio Nov 21, 2017 to now50
- Board memberStefan Galluppi Nov 22, 2017 to Nov 18, 202123
- General counselEric Harold Yecies May 19, 2021 to now51
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- LifeMD Pharmacy Holdings 1, LLC Delaware3
- LifeMD Pharmacy Holdings, LLC Delaware3
- LifeMD Pharmacy Services, LLC Delaware3
- LifeMD, Inc. Delaware3
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
Timeline
- Sep 15, 20268-K Regulation FD disclosure52
- Aug 5, 20268-K Results of operations; Regulation FD disclosure53
- Jun 22, 20268-K Regulation FD disclosure54
- May 6, 20268-K Results of operations; Regulation FD disclosure55
- Mar 18, 20268-K Executive or director change; Other events56
- Mar 9, 20268-K Results of operations; Regulation FD disclosure57
- Jan 6, 20268-K Entered a material agreement; New debt or obligation; Regulation FD disclosure58
- Nov 17, 20258-K Results of operations59
- Nov 5, 20258-K Regulation FD disclosure60
- Nov 4, 20258-K Entered a material agreement; Completed an acquisition or sale; Regulation FD disclosure61
- Aug 21, 20258-K Change of auditor62
- Aug 5, 20258-K Results of operations63
- Mar 28, 2018New chief executive Justin Schreiber becomes CEO13
Calendar
Coming up
- Nov 16, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.10) a share, on Nov 17, 2025.64
When it reported results
- Aug 5, 2026Reported quarterly or annual results53
- May 6, 2026Reported quarterly or annual results55
- Mar 9, 2026Reported quarterly or annual results57
- Nov 17, 2025Reported quarterly or annual results59
- Aug 5, 2025Reported quarterly or annual results63
- May 6, 2025Reported quarterly or annual results65
- Mar 10, 2025Reported quarterly or annual results66
- Jan 19, 2022Reported quarterly or annual results67
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
263 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 48 major events, 129 insider forms, 7 large holders, 59 other. The latest 20:
- Oct 7, 2026SCHEDULE 13G/A EDGAR
- Sep 25, 2026S-8 EDGAR
- Sep 15, 20268-K EDGAR
- Aug 18, 20264 EDGAR
- Aug 18, 20264 EDGAR
- Aug 13, 20264 EDGAR
- Aug 13, 20264/A EDGAR
- Aug 13, 20264 EDGAR
- Aug 13, 20264 EDGAR
- Aug 5, 202610-Q EDGAR
- Aug 5, 20268-K EDGAR
- Jul 8, 2026SCHEDULE 13G EDGAR
- Jun 22, 20268-K EDGAR
- Jun 3, 20264 EDGAR
- Jun 3, 20263 EDGAR
- May 13, 20264 EDGAR
- May 6, 202610-Q EDGAR
- May 6, 20268-K EDGAR
- Apr 30, 2026ARS EDGAR
- Apr 30, 2026DEFA14A EDGAR
The 263 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
46 open-market trades by officers, directors and large owners since October 2021: 30 buys and 16 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Dec 9, 2025 | FRIEDEMAN JESSICAChief Marketing Officer | Sale | 15,000 | $3.61 | $54.1K | Form 4 |
| Sep 10, 2025 | Alvarez Nicholas PChief Acquisition Officer | Sale | 75,000 | $5.92 | $444.0K | Form 4 |
| Jul 1, 2025 | Schreiber JustinChairman and CEO | Sale | 25,000 | $9.99 | $249.8K | Form 4 |
| Jul 1, 2025 | Schreiber JustinChairman and CEO | Sale | 25,000 | $13.38 | $334.5K | Form 4 |
| Jun 17, 2025 | Benathen Marc DavidChief Financial Officer | Sale | 50,000 | $14.01 | $700.5K | Form 4 |
| Jun 16, 2025 | Benathen Marc DavidChief Financial Officer | Sale | 75,000 | $13.09 | $981.8K | Form 4 |
| Jun 13, 2025 | Yecies Eric HaroldChief Legal Officer & GC | Sale | 15,000 | $12.25 | $183.8K | Form 4 |
| Jun 13, 2025 | Galluppi StefanChief Innovation Officer | Sale | 85,000 | $12.38 | $1.1M | Form 4 |
| Jun 2, 2025 | Schreiber JustinChairman and CEO | Sale | 25,000 | $12.47 | $311.8K | Form 4 |
| May 2, 2025 | Schreiber JustinChairman and CEO | Sale | 3,005 | $7.50 | $22.5K | Form 4 |
| May 1, 2025 | Schreiber JustinChairman and CEO | Sale | 21,995 | $7.53 | $165.6K | Form 4 |
| Apr 29, 2025 | Schreiber JustinChairman and CEO | Sale | 50,000 | $7.78 | $389.0K | Form 4 |
| Mar 14, 2025 | FRIEDEMAN JESSICAChief Marketing Officer | Sale | 30,000 | $5.66 | $169.8K | Form 4 |
| Feb 14, 2025 | Schreiber JustinChairman and CEO | Sale | 50,000 | $7.55 | $377.5K | Form 4 |
| Jan 2, 2025 | Schreiber JustinChairman and CEO | Sale | 25,000 | $5.19 | $129.8K | Form 4 |
| Dec 2, 2024 | Schreiber JustinChairman and CEO | Sale | 25,000 | $6.52 | $163.0K | Form 4 |
| Sep 11, 2024 | Galluppi StefanChief Innovation Officer | Buy | 3,000 | $4.93 | $14.8K | Form 4 |
| Aug 31, 2023 | Velge BertrandDirector | Buy | 60,000 | $3.93 | $235.8K | Form 4 |
| Aug 30, 2023 | Velge BertrandDirector | Buy | 40,000 | $3.76 | $150.4K | Form 4 |
| Aug 29, 2023 | Velge BertrandDirector | Buy | 32,072 | $3.58 | $114.8K | Form 4 |
All 46 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Federated HermesSCHEDULE 13G/A, 2 filings Jul 8, 2026 to Oct 7, 202668
- Divisadero Street Capital Management, LPSC 13G/A, 3 filings Oct 6, 2023 to Nov 14, 202469
- BlackRockSC 13G, 2 filings Oct 24, 2024 to Nov 8, 202470
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Shayna Webb Dray | 39 | $366.7K | $1.9M71 |
| 2025 | Stefan Galluppi | 39 | $407.5K | $1.2M71 |
| 2025 | Justin Schreiber | 43 | $500.0K | $777.1K71 |
| 2024 | Chairman and Chief Executive Officer | $311.2K | $1.1M71 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How LifeMD, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARLifeMD, Inc.1
- CIK0000948320
- Employer ID (EIN)76-02384534
- Filer statusAccelerated filer not an emerging growth company; a smaller reporting company; a shell company4
- Incorporated inDelaware4
- Fiscal year endsDecember 311
- Industry code (SIC)8011 Services-Offices & Clinics of Doctors of Medicine1
- SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
- Business address236 Fifth Avenue, Suite 400, New York, NY 100011
- Phone(866) 351-59071
- Shares outstanding48,200,837 as of Aug 4, 202612
- Public float$512.5M as of Jun 30, 20254
- AuditorPricewaterhouseCoopers LLP, New York, New York PCAOB ID 238; it also attests to the company’s internal control over financial reporting4
- On EDGAR sinceMay 17, 20121
- Filings578 in all: 4 (181), 8-K (139), 10-Q (41), 3 (36), UPLOAD (16), 10-K (14), CORRESP (13), EFFECT (10)1
All 43 form types
DEF 14A (9), DEFA14A (9), 144 (7), 424B3 (7), S-1/A (7), 424B5 (6), S-8 (6), SC 13G (6), 3/A (5), 4/A (5), D (5), 8-K/A (4), ARS (4), NT 10-Q (4), PRE 14A (4), S-1 (4), S-3 (4), S-3/A (4), 10-Q/A (3), 5 (3), SC 13D (3), 8-A12B (2), CERT (2), POS AM (2), PRER14A (2), SC 13G/A (2), 8-A12G (1), CT ORDER (1), D/A (1), DEFR14A (1), FWP (1), NT 10-K (1), SC 13D/A (1), SCHEDULE 13G (1), SCHEDULE 13G/A (1)
- Latest filingsAnnual report (10-K) Mar 10, 2026
Quarterly report (10-Q) Aug 5, 2026
Proxy statement (DEF 14A) Apr 30, 2026
Latest 8-K (8-K) Sep 15, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, par value $.01 per share | LFMD | The Nasdaq Global Market |
| 8.875% Series A Cumulative Perpetual Preferred Stock, par value $0.0001 per share | LFMDP | The Nasdaq Global Market |
From the cover page of the 10-K filed Mar 10, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks LifeMD, Inc. names in Item 1A of its 10-K filed Mar 10, 2026: 45 risks under these headings, as written.4
- These disclosures reflect our beliefs and opinions as to risk factors that could materially and adversely affect the Company and its securities in the future. References to past events are provided by way of example only and are not intended to be a complete listing or a representation as to whether or not any other events have occurred in the past or their likelihood of occurring in the future.
- Risks Related to our Business and Industry
- We have generated net losses, we anticipate increasing expenses in the future, we have not yet achieved profitability, and we may not be able to achieve or maintain profitability.
- Our limited operating history and evolving business make it difficult to evaluate our current business and future prospects and increases the risk of your investment.
- The telehealth market is immature and volatile, and if it does not develop, if it develops more slowly than we expect, if it encounters negative publicity, or if our solution does not drive customer engagement, the growth of our business will be harmed.
- If we are unable to expand the scope of our offerings, including the number and type of products and services that we offer, the number and quality of healthcare providers serving our customers, and the number and types of conditions capable of being treated through our platform, our business, financial condition, and results of operations may be materially and adversely affected.
- We are expanding the use of AI in our business, and challenges with properly managing its use could result in reputational harm, competitive harm, and legal liability, and adversely affect our results of operations.
- If we are unable to successfully market to new customers and retain existing customers, or if evolving privacy, healthcare, or other laws prevent or limit our marketing activities, our business, financial condition, and results of operations could be harmed.
- Our revenue growth depends on consumers’ willingness to adopt our products, and the failure of our offerings to achieve and maintain market acceptance could result in us achieving revenue below our expectations, which could cause our business, financial condition, and results of operation to be materially and adversely affected.
- The market for our model and services is new, rapidly evolving, and increasingly competitive, as the healthcare industry in the U.S. is undergoing significant structural change and consolidation, which makes it difficult to forecast demand for our solutions.
- Competitive platforms or other technological breakthroughs for the monitoring, treatment, or prevention of medical conditions may adversely affect demand for our offerings.
- We operate in highly competitive markets and face competition from large, well-established healthcare providers and more traditional retailers and pharmaceutical providers with significant resources, and, as a result, we may not be able to compete effectively.
The other 34 risks
- We have experienced rapid growth in recent periods and expect to continue to invest in our growth for the foreseeable future. If we fail to manage our growth effectively, we may be unable to execute our business plan, maintain high levels of service, or adequately address competitive challenges.
- We face risk that may arise from acquisitions, investments and collaborations, which could result in operating difficulties, dilution, and other harmful consequences that may adversely impact our business, financial condition, and results of operations. Additionally, if we are not able to identify and successfully consummate these transactions, our results of operations and prospects could be harmed.
- Economic uncertainty or downturns, particularly as it impacts particular industries, could adversely affect our business and results of operations.
- Our business depends on continued and unimpeded access to the internet and mobile networks.
- Any disruption of service at Amazon Web Services, partner pharmacies or other third-party service providers could interrupt access to our platform or delay our customers’ ability to seek treatment.
- We depend on a number of other companies to perform functions critical to our ability to operate our platform, generate revenue from customers, and to perform many of the related functions.
- Our payments system depends on third party service providers and is subject to evolving laws and regulations.
- We depend on our talent to grow and operate our business, and if we are unable to hire, integrate, develop, motivate, and retain our personnel, we may not be able to grow effectively.
- We are at risk that the non-prescription inventory that we store may become damaged, facility disruption may also harm our business.
- We rely significantly on revenue from customers purchasing subscription-based prescription products and may not be successful in expanding our offerings.
- In the past we have, and in the future we may, actively employ social media and patient care center activities as part of our marketing strategy, which could give rise to regulatory violations, liability, breaches of data security, or reputational damage.
- Any significant interruptions in the operations of our patient care center could cause us to lose sales and disrupt our ability to process orders and deliver our solutions in a timely manner.
- If our security measures fail or are breached and unauthorized access to a consumer’s data is obtained, our services may be perceived as insecure, we may incur significant liabilities, our reputation may be harmed, and we could lose sales and customers.
- Risks Related to Governmental Regulation
- We may be subject to claims that we are engaged in the corporate practice of medicine or that our contractual arrangements with our affiliated medical group constitutes unlawful fee splitting.
- In the U.S., we conduct business in a heavily regulated industry, and if we fail to comply with these laws and government regulations, we could incur penalties or be required to make significant changes to our operations or experience adverse publicity, which could have a material adverse effect on our business, financial condition, and results of operations.
- State legislative and regulatory changes specific to the area of telehealth law may present the LifeMD PC any remaining third-party medical groups and independent physicians on our platform with additional requirements and state compliance costs, which may create additional operational complexity and increase costs.
- Changes in public policy that mandate or enhance healthcare coverage could have a material adverse effect on our business, operations, and/or results of operations.
- Changes in insurance and healthcare laws, as well as the potential for further healthcare reform legislation and regulation, have created uncertainty in the healthcare industry and could materially affect our business, financial condition, and result of operations.
- The products we sell and our third-party suppliers are subject to FDA regulations and other state and local requirements, and if we or our third party suppliers fail to comply with federal, state, and local requirements, we may face enforcement actions.
- We may be subject to fines, penalties, and injunctions if we are determined to be promoting the use of products for unapproved uses.
- The information that we provide to healthcare providers, customers, and our partners could be inaccurate or incomplete, which could harm our business, financial condition, and results of operations.
- Our use, disclosure, and other processing of personally identifiable information, including health information, is subject to federal, state, and foreign privacy and security regulations, and our failure to comply with those regulations or to adequately secure the information we hold could result in significant liability or reputational harm and, in turn, a material adverse effect on our customers, providers, and revenue.
- Public scrutiny of internet privacy and security issues may result in increased regulation and different industry standards, which could deter or prevent us from providing services to our customers, thereby harming our business.
- Our use of AI systems may be subject to emerging AI laws and regulations, and our failure to comply with those laws and regulations could result in significant liability or reputational harm and, in turn, a material adverse effect on our customers, providers, and revenue.
- Risks Related to Intellectual Property and Litigation
- Failure to protect or enforce our intellectual property rights could harm our business and results of operations.
- We may be in the future subject to claims that we violated intellectual property rights of others, which are extremely costly to defend and could require us to pay significant damages and limit our ability to operate.
- We are subject to legal proceedings and litigation, which are costly to defend and could materially harm our business and results of operations.
- If we incur product liability claims, such claims could increase our costs; adversely affect our reputation, business, and results of operations; and we may not be able to maintain or obtain insurance.
- We rely on data center providers, Internet infrastructure, bandwidth providers, third-party computer hardware and software, other third parties and our own systems for providing services to our customers and vendors, and any failure or interruption in the services provided by these third parties or our own systems could expose us to litigation and negatively impact our relationships with customers, adversely affecting our brand and our business.
- Risks Related to Our Financial Reporting, Results of Operations and Capital Requirements
- Our results of operations, as well as our key metrics, may fluctuate on a quarterly and annual basis, which may result in us failing to meet the expectations of industry and securities analysts or our investors.
- Our existing leverage could adversely affect our ability to raise additional capital to fund our operations, limit our ability to react to changes in the economy or our industry, expose us to interest rate risk to the extent of our variable rate debt and prevent us from meeting our obligations.
- We have identified material weaknesses in our internal control over financial reporting.
- Risks Related to Investments in our Securities
- There can be no assurance that we can continue to pay dividends on our preferred stock. We currently do not intend to pay dividends on our common stock. As a result, your only opportunity to achieve a return on your investment is if the price of our common stock appreciates.
- Your ownership interest may be diluted by the future issuance of additional shares of our common stock or preferred stock.
Legal proceedings
We may become involved in various lawsuits and legal proceedings arising in the ordinary course of business. Litigation is subject to inherent uncertainties and an adverse result in these or other matters may arise from time to time that may have an adverse effect on our business, financial condition or operating results. Future litigation may be necessary to defend ourselves and our customers by determining the scope, enforceability and validity of third-party proprietary rights or to establish our proprietary rights. For additional information on pending legal proceedings see Note 12—Commitments and Contingencies to our consolidated financial statements included in this report.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARLifeMD, Inc. filings on SEC EDGAR
- 2SEC EDGARLifeMD, Inc. filings on SEC EDGAR
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- 5SEC EDGARLifeMD, Inc. 10-K for fiscal 2025
- 6SEC EDGARLifeMD, Inc. 10-K for fiscal 2019
- 7SEC EDGARLifeMD, Inc. 10-K for fiscal 2020
- 8SEC EDGARLifeMD, Inc. 10-K for fiscal 2021
- 9SEC EDGARLifeMD, Inc. 10-K for fiscal 2022
- 10SEC EDGARLifeMD, Inc. 10-K for fiscal 2023
- 11SEC EDGARLifeMD, Inc. 10-Q for fiscal 2026
- 12SEC EDGARLifeMD, Inc. 10-Q for fiscal 2026
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- 14SEC EDGARJustin Schreiber, Chair
- 15SEC EDGARAlexander Mironov, President
- 16SEC EDGARJustin Schreiber, President
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- 37SEC EDGARCalum Archibald Macrae, Board member
- 38SEC EDGARJoan Larovere, Board member
- 39SEC EDGARWilliam J. Febbo, Board member
- 40SEC EDGARPiyush Jindal, Board member
- 41SEC EDGARKathleen E. Walsh, Board member
- 42SEC EDGARNaveen Bhatia, Board member
- 43
- 44SEC EDGARBertrand Velge, Board member
- 45SEC EDGARHappy David Walters, Board member
- 46SEC EDGARAnthony Bruzzese, Board member
- 47SEC EDGARRyan Aldridge, Board member
- 48SEC EDGARMichael Borenstein, Board member
- 49SEC EDGARJohn R. Strawn Jr., Board member
- 50SEC EDGARJoseph Ditrolio, Board member
- 51SEC EDGAREric Harold Yecies, General counsel
- 52SEC EDGARRegulation FD disclosure
- 53
- 54SEC EDGARRegulation FD disclosure
- 55
- 56
- 57
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- 59SEC EDGARResults of operations
- 60SEC EDGARRegulation FD disclosure
- 61
- 62SEC EDGARChange of auditor
- 63SEC EDGARResults of operations
- 64NasdaqNasdaq calendar
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- 70SEC EDGARBlackRock SC 13G on LifeMD, Inc.
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