LifeMD, Inc. reported its financial results for the third quarter of 2025, revealing a total revenue of $60.2 million, a 13% increase from $53.3 million in the same period last year. The growth was primarily driven by a 34% rise in telehealth revenue, which reached $47.3 million, compared to $40.2 million in the prior year. The company's WorkSimpli segment, however, saw a slight decline in revenue, generating $12.9 million, down from $13.1 million. Despite the revenue growth, LifeMD recorded a net loss of $3.6 million for the quarter, an improvement from a loss of $4.8 million in Q3 2024.
In terms of operational metrics, LifeMD reported approximately 311,000 active patient subscribers as of September 30, 2025, reflecting the company's ongoing efforts to expand its telehealth services. The company has also launched new offerings, including a GLP-1 Weight Management Program, which has attracted around 82,000 subscribers. The total number of customers served since inception has reached approximately 1.3 million, indicating a strong market presence in the telehealth sector.
LifeMD's total expenses for the third quarter were approximately $54.7 million, up from $52.3 million in the previous year. The increase was largely attributed to higher selling and marketing expenses, which rose by 11% to $29.5 million, as the company invested in initiatives to drive sales growth. General and administrative expenses decreased slightly, while customer service and other operating expenses increased due to infrastructure and technology improvements.
The company’s balance sheet as of September 30, 2025, showed total assets of $66.0 million, down from $76.1 million at the end of 2024. Current liabilities also decreased to $56.7 million from $67.4 million, primarily due to the repayment of the Avenue Facility, which was fully paid off in August 2025. LifeMD's accumulated deficit stood at approximately $247.8 million, reflecting the ongoing challenges in achieving profitability.
Looking ahead, LifeMD expects its existing cash reserves of $23.8 million to be sufficient to fund operations and capital expenditures for at least the next 12 months. The company is focused on expanding its telehealth offerings and enhancing its technology platform to improve patient access and care delivery. Additionally, LifeMD plans to continue its strategic initiatives, including the recent sale of its majority interest in WorkSimpli, to concentrate on its core telehealth business.
About LifeMD, Inc.
LifeMD, Inc. is a telehealth provider delivering virtual and in-home healthcare services across primary care, men's and women's health, weight management, and hair loss. It operates proprietary technology platforms, affiliated provider networks, and a fully integrated pharmacy to offer accessible, cost-effective medical treatments and prescriptions nationwide. The company focuses on subscription-based models, patient retention, and expanding clinical offerings in a competitive digital healthcare market.
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