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Side-by-side financial comparison of Axogen, Inc. (AXGN) and LifeMD, Inc. (LFMD). Click either name above to swap in a different company.

Axogen, Inc. is the larger business by last-quarter revenue ($61.5M vs $60.2M, roughly 1.0× LifeMD, Inc.). LifeMD, Inc. runs the higher net margin — -6.3% vs -31.9%, a 25.5% gap on every dollar of revenue. On growth, Axogen, Inc. posted the faster year-over-year revenue change (26.6% vs 13.0%). LifeMD, Inc. produced more free cash flow last quarter ($-944.4K vs $-1.4M). Over the past eight quarters, LifeMD, Inc.'s revenue compounded faster (24.8% CAGR vs 13.3%).

Axogen is a developer of surgical solutions, including human tissue grafts, based in Alachua, Florida. Axogen products are designed to remedy peripheral nerve damage. In 2013 the company raised $18 million in its initial public offering (IPO). Axogen uses a cell graft technology AVANCE to mimic a human nerve. The company also creates nerve connectors and soft tissue membranes. The company reports sensory and movement recovery in 87 percent of patients with peripheral nerve injuries. Axogen is...

SBI Life Insurance Company Limited is an Indian life insurance company. It was started as a joint venture between State Bank of India (SBI) and French financial institution BNP Paribas Cardif.

AXGN vs LFMD — Head-to-Head

Bigger by revenue
AXGN
AXGN
1.0× larger
AXGN
$61.5M
$60.2M
LFMD
Growing faster (revenue YoY)
AXGN
AXGN
+13.6% gap
AXGN
26.6%
13.0%
LFMD
Higher net margin
LFMD
LFMD
25.5% more per $
LFMD
-6.3%
-31.9%
AXGN
More free cash flow
LFMD
LFMD
$454.6K more FCF
LFMD
$-944.4K
$-1.4M
AXGN
Faster 2-yr revenue CAGR
LFMD
LFMD
Annualised
LFMD
24.8%
13.3%
AXGN

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
AXGN
AXGN
LFMD
LFMD
Revenue
$61.5M
$60.2M
Net Profit
$-19.6M
$-3.8M
Gross Margin
75.2%
87.7%
Operating Margin
-3.3%
Net Margin
-31.9%
-6.3%
Revenue YoY
26.6%
13.0%
Net Profit YoY
-410.8%
18.3%
EPS (diluted)
$-0.38

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AXGN
AXGN
LFMD
LFMD
Q1 26
$61.5M
Q4 25
$59.9M
Q3 25
$60.1M
$60.2M
Q2 25
$56.7M
$62.7M
Q1 25
$48.6M
$64.1M
Q4 24
$49.4M
Q3 24
$48.6M
$53.3M
Q2 24
$47.9M
$50.7M
Net Profit
AXGN
AXGN
LFMD
LFMD
Q1 26
$-19.6M
Q4 25
$-13.2M
Q3 25
$708.0K
$-3.8M
Q2 25
$579.0K
$-1.6M
Q1 25
$-3.8M
$-183.8K
Q4 24
$450.0K
Q3 24
$-1.9M
$-4.7M
Q2 24
$-1.9M
$-6.9M
Gross Margin
AXGN
AXGN
LFMD
LFMD
Q1 26
75.2%
Q4 25
74.1%
Q3 25
76.6%
87.7%
Q2 25
74.2%
88.1%
Q1 25
71.9%
86.5%
Q4 24
76.1%
Q3 24
74.9%
90.6%
Q2 24
73.8%
90.1%
Operating Margin
AXGN
AXGN
LFMD
LFMD
Q1 26
Q4 25
-16.3%
Q3 25
3.2%
-3.3%
Q2 25
3.0%
-0.7%
Q1 25
-3.4%
1.5%
Q4 24
4.1%
Q3 24
-0.6%
-7.5%
Q2 24
-0.9%
-12.4%
Net Margin
AXGN
AXGN
LFMD
LFMD
Q1 26
-31.9%
Q4 25
-22.0%
Q3 25
1.2%
-6.3%
Q2 25
1.0%
-2.6%
Q1 25
-7.9%
-0.3%
Q4 24
0.9%
Q3 24
-3.8%
-8.7%
Q2 24
-4.0%
-13.6%
EPS (diluted)
AXGN
AXGN
LFMD
LFMD
Q1 26
$-0.38
Q4 25
$-0.28
Q3 25
$0.01
Q2 25
$0.01
$-0.05
Q1 25
$-0.08
$-0.02
Q4 24
$-0.00
Q3 24
$-0.04
$-0.13
Q2 24
$-0.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AXGN
AXGN
LFMD
LFMD
Cash + ST InvestmentsLiquidity on hand
$82.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$244.8M
$1.3M
Total Assets
$289.5M
$66.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXGN
AXGN
LFMD
LFMD
Q1 26
$82.7M
Q4 25
$41.5M
Q3 25
$35.8M
Q2 25
$29.9M
$36.2M
Q1 25
$22.1M
$34.4M
Q4 24
$33.5M
Q3 24
$24.5M
$37.6M
Q2 24
$21.1M
$35.7M
Total Debt
AXGN
AXGN
LFMD
LFMD
Q1 26
Q4 25
$48.4M
Q3 25
$48.2M
Q2 25
$47.9M
$15.9M
Q1 25
$47.7M
Q4 24
$47.5M
Q3 24
$47.3M
Q2 24
$47.0M
Stockholders' Equity
AXGN
AXGN
LFMD
LFMD
Q1 26
$244.8M
Q4 25
$128.8M
Q3 25
$120.8M
$1.3M
Q2 25
$112.3M
$-1.8M
Q1 25
$105.4M
$-2.3M
Q4 24
$103.9M
Q3 24
$99.4M
$-7.7M
Q2 24
$95.7M
$-4.2M
Total Assets
AXGN
AXGN
LFMD
LFMD
Q1 26
$289.5M
Q4 25
$221.7M
Q3 25
$216.4M
$66.0M
Q2 25
$205.5M
$73.6M
Q1 25
$196.2M
$73.6M
Q4 24
$203.7M
Q3 24
$192.0M
$72.6M
Q2 24
$188.9M
$63.8M
Debt / Equity
AXGN
AXGN
LFMD
LFMD
Q1 26
Q4 25
0.38×
Q3 25
0.40×
Q2 25
0.43×
Q1 25
0.45×
Q4 24
0.46×
Q3 24
0.48×
Q2 24
0.49×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AXGN
AXGN
LFMD
LFMD
Operating Cash FlowLast quarter
$-147.1K
Free Cash FlowOCF − Capex
$-1.4M
$-944.4K
FCF MarginFCF / Revenue
-2.3%
-1.6%
Capex IntensityCapex / Revenue
1.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$9.1M
$16.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXGN
AXGN
LFMD
LFMD
Q1 26
Q4 25
$3.0M
Q3 25
$3.2M
$-147.1K
Q2 25
$7.7M
$8.6M
Q1 25
$-13.2M
$3.1M
Q4 24
$8.7M
Q3 24
$3.9M
$6.7M
Q2 24
$4.2M
$4.5M
Free Cash Flow
AXGN
AXGN
LFMD
LFMD
Q1 26
$-1.4M
Q4 25
$1.8M
Q3 25
$1.7M
$-944.4K
Q2 25
$7.0M
$7.8M
Q1 25
$-13.4M
$2.9M
Q4 24
$8.1M
Q3 24
$3.3M
$6.3M
Q2 24
$3.3M
$3.9M
FCF Margin
AXGN
AXGN
LFMD
LFMD
Q1 26
-2.3%
Q4 25
3.0%
Q3 25
2.8%
-1.6%
Q2 25
12.4%
12.5%
Q1 25
-27.7%
4.6%
Q4 24
16.3%
Q3 24
6.8%
11.7%
Q2 24
6.8%
7.7%
Capex Intensity
AXGN
AXGN
LFMD
LFMD
Q1 26
Q4 25
2.1%
Q3 25
2.5%
1.3%
Q2 25
1.3%
1.3%
Q1 25
0.5%
0.2%
Q4 24
1.4%
Q3 24
1.2%
0.8%
Q2 24
1.9%
1.3%
Cash Conversion
AXGN
AXGN
LFMD
LFMD
Q1 26
Q4 25
Q3 25
4.55×
Q2 25
13.35×
Q1 25
Q4 24
19.41×
Q3 24
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AXGN
AXGN

Segment breakdown not available.

LFMD
LFMD

Telehealth Subscription Revenue$27.3M45%
Telehealth$20.0M33%
Work Simpli Revenue$12.9M21%
Product And Services$2.5M4%

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