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

LifeMD, Inc. is the larger business by last-quarter revenue ($60.2M vs $55.4M, roughly 1.1× Lifeway Foods, Inc.). Lifeway Foods, Inc. runs the higher net margin — 4.6% vs -6.3%, a 10.9% gap on every dollar of revenue. On growth, Lifeway Foods, Inc. posted the faster year-over-year revenue change (18.0% vs 13.0%). LifeMD, Inc. produced more free cash flow last quarter ($-944.4K vs $-17.4M). Over the past eight quarters, LifeMD, Inc.'s revenue compounded faster (24.8% CAGR vs 11.4%).

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.

Lifeway Foods is an Illinois-based health food company founded in 1986. They are a leading U.S. supplier of kefir and fermented probiotic products to support the microbiome.

LFMD vs LWAY — Head-to-Head

Bigger by revenue
LFMD
LFMD
1.1× larger
LFMD
$60.2M
$55.4M
LWAY
Growing faster (revenue YoY)
LWAY
LWAY
+5.0% gap
LWAY
18.0%
13.0%
LFMD
Higher net margin
LWAY
LWAY
10.9% more per $
LWAY
4.6%
-6.3%
LFMD
More free cash flow
LFMD
LFMD
$16.5M more FCF
LFMD
$-944.4K
$-17.4M
LWAY
Faster 2-yr revenue CAGR
LFMD
LFMD
Annualised
LFMD
24.8%
11.4%
LWAY

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
LFMD
LFMD
LWAY
LWAY
Revenue
$60.2M
$55.4M
Net Profit
$-3.8M
$2.5M
Gross Margin
87.7%
27.8%
Operating Margin
-3.3%
6.8%
Net Margin
-6.3%
4.6%
Revenue YoY
13.0%
18.0%
Net Profit YoY
18.3%
1688.1%
EPS (diluted)
$0.15

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
LFMD
LFMD
LWAY
LWAY
Q4 25
$55.4M
Q3 25
$60.2M
$57.1M
Q2 25
$62.7M
$53.9M
Q1 25
$64.1M
$46.1M
Q4 24
$46.9M
Q3 24
$53.3M
$46.1M
Q2 24
$50.7M
$49.2M
Q1 24
$44.1M
$44.6M
Net Profit
LFMD
LFMD
LWAY
LWAY
Q4 25
$2.5M
Q3 25
$-3.8M
$3.5M
Q2 25
$-1.6M
$4.2M
Q1 25
$-183.8K
$3.5M
Q4 24
$-160.0K
Q3 24
$-4.7M
$3.0M
Q2 24
$-6.9M
$3.8M
Q1 24
$-6.8M
$2.4M
Gross Margin
LFMD
LFMD
LWAY
LWAY
Q4 25
27.8%
Q3 25
87.7%
28.7%
Q2 25
88.1%
28.6%
Q1 25
86.5%
23.9%
Q4 24
25.3%
Q3 24
90.6%
25.7%
Q2 24
90.1%
27.0%
Q1 24
89.6%
25.8%
Operating Margin
LFMD
LFMD
LWAY
LWAY
Q4 25
6.8%
Q3 25
-3.3%
8.8%
Q2 25
-0.7%
10.8%
Q1 25
1.5%
3.4%
Q4 24
1.5%
Q3 24
-7.5%
9.1%
Q2 24
-12.4%
11.0%
Q1 24
-14.0%
8.0%
Net Margin
LFMD
LFMD
LWAY
LWAY
Q4 25
4.6%
Q3 25
-6.3%
6.2%
Q2 25
-2.6%
7.9%
Q1 25
-0.3%
7.7%
Q4 24
-0.3%
Q3 24
-8.7%
6.5%
Q2 24
-13.6%
7.7%
Q1 24
-15.3%
5.4%
EPS (diluted)
LFMD
LFMD
LWAY
LWAY
Q4 25
$0.15
Q3 25
$0.23
Q2 25
$-0.05
$0.28
Q1 25
$-0.02
$0.23
Q4 24
$0.00
Q3 24
$-0.13
$0.19
Q2 24
$0.25
Q1 24
$0.16

Balance Sheet & Financial Strength

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

Metric
LFMD
LFMD
LWAY
LWAY
Cash + ST InvestmentsLiquidity on hand
$5.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.3M
$85.8M
Total Assets
$66.0M
$105.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LFMD
LFMD
LWAY
LWAY
Q4 25
$5.6M
Q3 25
$23.0M
Q2 25
$36.2M
$21.2M
Q1 25
$34.4M
$19.4M
Q4 24
$16.7M
Q3 24
$37.6M
$20.6M
Q2 24
$35.7M
$14.6M
Q1 24
$35.1M
$12.0M
Total Debt
LFMD
LFMD
LWAY
LWAY
Q4 25
Q3 25
Q2 25
$15.9M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$2.5M
Stockholders' Equity
LFMD
LFMD
LWAY
LWAY
Q4 25
$85.8M
Q3 25
$1.3M
$82.8M
Q2 25
$-1.8M
$78.7M
Q1 25
$-2.3M
$74.2M
Q4 24
$71.9M
Q3 24
$-7.7M
$71.5M
Q2 24
$-4.2M
$68.0M
Q1 24
$-845.3K
$63.5M
Total Assets
LFMD
LFMD
LWAY
LWAY
Q4 25
$105.6M
Q3 25
$66.0M
$109.5M
Q2 25
$73.6M
$98.3M
Q1 25
$73.6M
$93.7M
Q4 24
$90.5M
Q3 24
$72.6M
$91.3M
Q2 24
$63.8M
$84.9M
Q1 24
$61.5M
$82.8M
Debt / Equity
LFMD
LFMD
LWAY
LWAY
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
0.04×

Cash Flow & Capital Efficiency

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

Metric
LFMD
LFMD
LWAY
LWAY
Operating Cash FlowLast quarter
$-147.1K
$267.0K
Free Cash FlowOCF − Capex
$-944.4K
$-17.4M
FCF MarginFCF / Revenue
-1.6%
-31.5%
Capex IntensityCapex / Revenue
1.3%
31.9%
Cash ConversionOCF / Net Profit
0.11×
TTM Free Cash FlowTrailing 4 quarters
$16.1M
$-16.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LFMD
LFMD
LWAY
LWAY
Q4 25
$267.0K
Q3 25
$-147.1K
$6.9M
Q2 25
$8.6M
$3.9M
Q1 25
$3.1M
$-150.0K
Q4 24
$-2.6M
Q3 24
$6.7M
$7.5M
Q2 24
$4.5M
$6.5M
Q1 24
$5.2M
$1.5M
Free Cash Flow
LFMD
LFMD
LWAY
LWAY
Q4 25
$-17.4M
Q3 25
$-944.4K
$1.8M
Q2 25
$7.8M
$1.6M
Q1 25
$2.9M
$-2.4M
Q4 24
$-3.8M
Q3 24
$6.3M
$5.9M
Q2 24
$3.9M
$5.1M
Q1 24
$5.0M
$-923.0K
FCF Margin
LFMD
LFMD
LWAY
LWAY
Q4 25
-31.5%
Q3 25
-1.6%
3.1%
Q2 25
12.5%
3.0%
Q1 25
4.6%
-5.1%
Q4 24
-8.2%
Q3 24
11.7%
12.8%
Q2 24
7.7%
10.4%
Q1 24
11.4%
-2.1%
Capex Intensity
LFMD
LFMD
LWAY
LWAY
Q4 25
31.9%
Q3 25
1.3%
9.0%
Q2 25
1.3%
4.3%
Q1 25
0.2%
4.8%
Q4 24
2.7%
Q3 24
0.8%
3.3%
Q2 24
1.3%
2.9%
Q1 24
0.4%
5.5%
Cash Conversion
LFMD
LFMD
LWAY
LWAY
Q4 25
0.11×
Q3 25
1.96×
Q2 25
0.92×
Q1 25
-0.04×
Q4 24
Q3 24
2.50×
Q2 24
1.73×
Q1 24
0.64×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LFMD
LFMD

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

LWAY
LWAY

Drinkable Kefirotherthan Pro Bugs$47.8M86%
Cheese$4.7M8%
Cream And Other$1.7M3%
Other$1.2M2%

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