FitLife Brands Reports $15.9 Million Revenue in Q1 2025, Down 4% Year-Over-Year

FitLife Brands, Inc. reported a revenue of $15.9 million for the first quarter of 2025, a decrease of 4% from $16.5 million in the same period of 2024. The decline in revenue was primarily attributed to lower sales from its MRC product line, which fell by 11% to $6.7 million, while the Legacy FitLife segment saw a 5% increase in revenue to $7.3 million, driven by an 11% rise in online sales. MusclePharm's revenue also decreased by 6% to $2.0 million. The company's gross profit for the quarter was $6.9 million, down 6% from $7.3 million a year earlier, resulting in a gross margin of 43.1%, compared to 44.0% in the prior year.

Operating income for the quarter was reported at $3.0 million, a decrease of 13% from $3.4 million in the previous year. Total operating expenses increased slightly to $3.9 million, with merger and acquisition-related expenses rising significantly to $332,000 from $134,000. Net income for the quarter was $2.0 million, down from $2.2 million in the same quarter of 2024, reflecting a 7% decline. The company’s basic net income per share was $0.22, compared to $0.23 in the prior year.

In terms of strategic developments, FitLife Brands completed the acquisition of MusclePharm in October 2023, which has contributed to its product offerings. The company also launched the MusclePharm Pro Series in March 2025, targeting premium sports nutrition products. The company continues to explore additional product launches and partnerships to enhance its market presence. As of March 31, 2025, FitLife Brands had a total of 9,383 shares of common stock outstanding, following a 2-for-1 stock split executed on February 7, 2025.

Operationally, FitLife Brands reported a positive working capital of $8.5 million as of March 31, 2025, an increase from $6.8 million at the end of 2024. The company had cash and cash equivalents of $5.9 million and accounts receivable of $2.7 million. Online sales accounted for approximately 67% of total revenue, up from 65% in the previous year, indicating a growing trend in e-commerce engagement. The company’s sales in the U.S. remained stable at around 96% of total sales, with the remainder primarily from Canada.

Looking ahead, FitLife Brands anticipates that cash flow from operations, along with available borrowings under its line of credit, will be sufficient to meet its liquidity needs over the next twelve months. However, the company acknowledges potential risks related to market conditions and operational performance that could impact future results. Management remains focused on optimizing advertising expenditures and enhancing product offerings to drive revenue growth in the coming quarters.