LifeMD 2025 revenue jumps 25% to $194M, guides 2026

EBITDA surged 309% to $15.3M in 2025 as cash reached $36.8M with no debt; LifeMD now projects up to $230M revenue and >$25M EBITDA run-rate by Q4 2026.

Published on Mar. 9, 2026

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LifeMD, Inc., a leading provider of virtual primary care services, reported strong financial results for the fourth quarter and full year 2025. Revenue grew 25% to $194.1 million and adjusted EBITDA rose 309% to $15.3 million. The company exited 2025 with $36.8 million in cash and no debt, positioning it for accelerated investments in growth. For 2026, LifeMD projects revenue of $220 million to $230 million and adjusted EBITDA of $12 million to $17 million, with an annualized run-rate revenue and adjusted EBITDA expected to exceed $250 million and $25 million, respectively, by the fourth quarter.

Why it matters

LifeMD's strong financial performance and growth projections demonstrate the company's success in building a trusted and sustainable platform for virtual healthcare delivery. The company's weight management business is seeing record patient sign-ups, and its women's health offerings are showing encouraging early growth, representing significant opportunities for LifeMD to capture market share in these underserved areas. The company's robust infrastructure, including a 50-state medical benefits network, affiliated provider group, and national pharmacy operation, uniquely positions it for long-term leadership in the transformative telehealth industry.

The details

LifeMD reported a 4% increase in fourth quarter revenue to $46.9 million and a 348% surge in adjusted EBITDA to $4.8 million. The company's active telehealth subscribers grew 16% to approximately 323,000 at the end of the quarter. Gross margin expanded to 87%, up from 81% in the prior-year period, reflecting a favorable revenue mix. For the full year 2025, revenue grew 25% to $194.1 million and adjusted EBITDA rose 309% to $15.3 million.

  • LifeMD exited 2025 with $36.8 million in cash and no debt.
  • LifeMD expects to cover approximately 220 million Americans with its benefits infrastructure in the second quarter of 2026.

The players

LifeMD, Inc.

A leading provider of virtual primary care services, offering telemedicine, access to laboratory and pharmacy services, and specialized treatment across more than 200 conditions.

Justin Schreiber

Chairman and CEO of LifeMD.

Marc Benathen

Chief Financial Officer of LifeMD.

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What they’re saying

“LifeMD delivered strong fourth quarter results across all business lines and is entering its next phase of growth. Our strategy of building a trusted and sustainable platform for virtual healthcare delivery is gaining momentum.”

— Justin Schreiber, Chairman and CEO of LifeMD

“In our first quarter as a pure-play telehealth business, LifeMD delivered solid results with 4% revenue growth and a 348% increase in adjusted EBITDA. Our balance sheet has never been stronger—we exited the year with nearly $37 million in cash and no debt.”

— Marc Benathen, Chief Financial Officer of LifeMD

What’s next

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The takeaway

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