FitLife Brands Reports 65% Revenue Growth to $26.5 Million in Latest Quarter

FitLife Brands, Inc. reported significant financial growth in its latest quarterly results, with revenue for the three months ended June 30, 2026, reaching $26.5 million, a 65% increase from $16.1 million in the same period last year. For the six months ended June 30, 2026, revenue totaled $51.9 million, up 62% from $32.1 million in the prior year. The increase in revenue is primarily attributed to the acquisition of Irwin Naturals, which contributed $14.1 million in revenue during the second quarter and $27.0 million in the first half of 2026. However, the company experienced a decline in revenue from its Legacy FitLife segment, which saw a 23% decrease in the second quarter compared to the previous year.

The company's cost of goods sold (COGS) also rose significantly, increasing by 81% to $16.7 million for the second quarter and 78% to $32.5 million for the first half of 2026. This increase in COGS was largely driven by the higher sales volume resulting from the Irwin acquisition. Gross profit for the second quarter was $9.8 million, a 42% increase year-over-year, but the gross margin decreased to 37.0% from 42.8% in the prior year, reflecting the lower margins associated with the Irwin products.

Operating expenses rose as well, with total operating expenses for the second quarter increasing by 47% to $6.5 million, primarily due to higher selling, general, and administrative (SG&A) costs, which nearly doubled to $4.8 million. The company reported net income of $1.95 million for the second quarter, a 12% increase from $1.75 million in the same period last year. For the first half of 2026, net income was $3.67 million, slightly down from $3.77 million in the prior year.

FitLife Brands continues to expand its market presence, with approximately 95% of its sales coming from the U.S. during both the second quarter and first half of 2026. The company has also seen a shift in its revenue distribution, with wholesale revenue accounting for about 55% of total revenue in the second quarter, compared to 34% in the same period last year, as online sales decreased. The company’s total assets as of June 30, 2026, were reported at $102.6 million, down from $106.3 million at the end of 2025, while total liabilities decreased to $55.2 million from $62.7 million.

Looking ahead, FitLife Brands anticipates continued growth driven by the integration of Irwin Naturals and the expansion of its product offerings. The company remains focused on enhancing its operational efficiencies and leveraging its brand portfolio to capture a larger share of the nutritional supplement market. Management believes that the current liquidity position, supported by cash and accounts receivable, will be sufficient to meet its operational needs and obligations in the near term.