LifeMD (LFMD) Revenue & Revenue Breakdown


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LifeMD Revenue Highlights


Latest Revenue (Y)

$152.55M

Latest Revenue (Q)

$40.28M

Main Segment (Y)

Software Revenues, Net

Main Geography (Y)

Software Revenues, Net

LifeMD Revenue by Period


LifeMD Revenue by Year

DateRevenueChange
2023-12-31$152.55M28.15%
2022-12-31$119.03M28.16%
2021-12-31$92.88M149.04%
2020-12-31$37.29M199.10%
2019-12-31$12.47M49.79%
2018-12-31$8.32M64.68%
2017-12-31$5.05M-3.51%
2016-12-31$5.24M329.79%
2015-12-31$1.22M70.67%
2014-12-31$714.16K-11.65%
2013-12-31$808.36K19.97%
2012-12-31$673.78K-9.42%
2011-12-31$743.83K-

LifeMD generated $152.55M in revenue during NA 2023, up 28.15% compared to the previous quarter, and up 1832.59% compared to the same period a year ago.

LifeMD Revenue by Quarter

DateRevenueChange
2024-09-30$40.28M-20.50%
2024-06-30$50.66M14.76%
2024-03-31$44.14M-1.60%
2023-12-31$44.86M16.18%
2023-09-30$38.61M7.42%
2023-06-30$35.95M8.51%
2023-03-31$33.13M17.80%
2022-12-31$28.12M-10.48%
2022-09-30$31.41M3.13%
2022-06-30$30.46M4.87%
2022-03-31$29.04M5.93%
2021-12-31$27.42M9.90%
2021-09-30$24.95M11.80%
2021-06-30$22.31M22.61%
2021-03-31$18.20M41.14%
2020-12-31$12.89M17.15%
2020-09-30$11.01M21.08%
2020-06-30$9.09M111.15%
2020-03-31$4.30M9.14%
2019-12-31$3.94M26.15%
2019-09-30$3.13M15.87%
2019-06-30$2.70M-0.02%
2019-03-31$2.70M23.55%
2018-12-31$2.18M-12.46%
2018-09-30$2.50M22.47%
2018-06-30$2.04M26.84%
2018-03-31$1.61M9.20%
2017-12-31$1.47M-28.30%
2017-09-30$2.05M85.27%
2017-06-30$1.11M160.90%
2017-03-31$424.46K-56.95%
2016-12-31$985.90K-28.79%
2016-09-30$1.38M12.81%
2016-06-30$1.23M-25.21%
2016-03-31$1.64M339.54%
2015-12-31$373.35K33.39%
2015-09-30$279.88K0.91%
2015-06-30$277.35K-3.79%
2015-03-31$288.28K80.57%
2014-12-31$159.65K-3.52%
2014-09-30$165.47K-15.84%
2014-06-30$196.61K2.17%
2014-03-31$192.43K19.87%
2013-12-31$160.53K69.55%
2013-09-30$94.68K-70.68%
2013-06-30$322.90K40.24%
2013-03-31$230.26K99.25%
2012-12-31$115.56K-24.03%
2012-09-30$152.12K-33.16%
2012-06-30$227.57K27.46%
2012-03-31$178.54K-

LifeMD generated $40.28M in revenue during Q3 2024, up -20.50% compared to the previous quarter, and up 112.04% compared to the same period a year ago.

LifeMD Revenue Breakdown


LifeMD Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 20Dec 19
Software Revenues, Net$6.73M$2.54M
Service Revenues, Net$5.00K$9.94K
Product Revenues, Net-$9.92M

LifeMD's latest annual revenue breakdown by segment (product or service), as of Dec 20: Software Revenues, Net (99.93%), and Service Revenues, Net (0.07%).

Quarterly Revenue by Product

Product/ServiceMar 22Sep 21Jun 21Mar 21Sep 20Jun 20Mar 20
Work Simpli Revenue Net$6.44M$6.41M-----
Telehealth Revenue Net$22.60M$18.54M-----
Cost of Telehealth Revenue-$4.97M-----
Cost of Work Simpli Revenue-$127.18K-----
Software Revenues Net--$6.51M----
Product Revenues, Net---$3.12M$7.87M$2.96M-
Service Revenues, Net----$5.00K--
Software Revenues, Net----$1.57M$1.22M$1.35M

LifeMD's latest quarterly revenue breakdown by segment (product or service), as of Mar 22: Telehealth Revenue Net (77.81%), and Work Simpli Revenue Net (22.19%).

LifeMD Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 20Dec 19
Software Revenues, Net$6.73M$2.54M
Service Revenues, Net$5.00K$9.94K
Product Revenues, Net-$9.92M

LifeMD's latest annual revenue breakdown by geography, as of Dec 20: Software Revenues, Net (99.93%), and Service Revenues, Net (0.07%).

Quarterly Revenue by Country

CountryMar 22Sep 21Jun 21Mar 21Sep 20Jun 20Mar 20
Work Simpli Revenue Net$6.44M$6.41M-----
Telehealth Revenue Net$22.60M$18.54M-----
Cost of Work Simpli Revenue-$127.18K-----
Cost of Telehealth Revenue-$4.97M-----
Software Revenues Net--$6.51M----
Product Revenues, Net---$3.12M$7.87M$2.96M-
Service Revenues, Net----$5.00K--
Software Revenues, Net----$1.57M$1.22M$1.35M

LifeMD's latest quarterly revenue breakdown by geography, as of Mar 22: Telehealth Revenue Net (77.81%), and Work Simpli Revenue Net (22.19%).

LifeMD Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
EVHEvolent Health$1.96B$621.40M
PRVAPrivia Health Group$1.66B$422.33M
CMAXCareMax$751.10M$198.63M
HSTMHealthStream$279.06M$73.09M
LFMDLifeMD$152.55M$40.28M
NRCNational Research$148.58M$35.82M
STRMStreamline Health Solutions$22.60M$4.48B
FORAForian$20.48M$4.78M

LFMD Revenue FAQ


What is LifeMD’s yearly revenue?

LifeMD's yearly revenue for 2023 was $152.55M, representing an increase of 28.15% compared to 2022. The company's yearly revenue for 2022 was $119.03M, representing an increase of 28.16% compared to 2021. LFMD's yearly revenue for 2021 was $92.88M, representing an increase of 149.04% compared to 2020.

What is LifeMD’s quarterly revenue?

LifeMD's quarterly revenue for Q3 2024 was $40.28M, a -20.50% decrease from the previous quarter (Q2 2024), and a 4.30% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $50.66M, a 14.76% increase from the previous quarter (Q1 2024), and a 40.94% increase year-over-year (Q2 2023). LFMD's quarterly revenue for Q1 2024 was $44.14M, a -1.60% decrease from the previous quarter (Q4 2023), and a 33.26% increase year-over-year (Q1 2023).

What is LifeMD’s revenue growth rate?

LifeMD's revenue growth rate for the last 3 years (2021-2023) was 64.25%, and for the last 5 years (2019-2023) was 1123.45%.

What are LifeMD’s revenue streams?

LifeMD's revenue streams in c 20 are Software Revenues, Net, and Service Revenues, Net. Software Revenues, Net generated $6.73M in revenue, accounting 99.93% of the company's total revenue, up 165.16% year-over-year. Service Revenues, Net generated $5K in revenue, accounting 0.07% of the company's total revenue, down -49.71% year-over-year.

What is LifeMD’s main source of revenue?

For the fiscal year ending Dec 20, the largest source of revenue of LifeMD was Software Revenues, Net. This segment made a revenue of $6.73M, representing 99.93% of the company's total revenue.