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

LifeMD, Inc. is the larger business by last-quarter revenue ($60.2M vs $36.6M, roughly 1.6× TOP SHIPS INC.). LifeMD, Inc. runs the higher net margin — -6.3% vs -12.2%, a 5.9% gap on every dollar of revenue.

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.

Top Ships Inc. is a supply chain maritime transportation operations management company responsible for seaborne trade of raw materials. The company was founded by Evangelos J. Pistiolis on January 10, 2000 and is headquartered in Maroussi, Greece.

LFMD vs TOPS — Head-to-Head

Bigger by revenue
LFMD
LFMD
1.6× larger
LFMD
$60.2M
$36.6M
TOPS
Higher net margin
LFMD
LFMD
5.9% more per $
LFMD
-6.3%
-12.2%
TOPS

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
LFMD
LFMD
TOPS
TOPS
Revenue
$60.2M
$36.6M
Net Profit
$-3.8M
$-4.5M
Gross Margin
87.7%
Operating Margin
-3.3%
22.0%
Net Margin
-6.3%
-12.2%
Revenue YoY
13.0%
Net Profit YoY
18.3%
EPS (diluted)
$-0.96

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
TOPS
TOPS
Q4 25
$36.6M
Q3 25
$60.2M
Q2 25
$62.7M
Q1 25
$64.1M
Q3 24
$53.3M
Q2 24
$50.7M
Q1 24
$44.1M
Q4 23
$44.9M
Net Profit
LFMD
LFMD
TOPS
TOPS
Q4 25
$-4.5M
Q3 25
$-3.8M
Q2 25
$-1.6M
Q1 25
$-183.8K
Q3 24
$-4.7M
Q2 24
$-6.9M
Q1 24
$-6.8M
Q4 23
$-3.7M
Gross Margin
LFMD
LFMD
TOPS
TOPS
Q4 25
Q3 25
87.7%
Q2 25
88.1%
Q1 25
86.5%
Q3 24
90.6%
Q2 24
90.1%
Q1 24
89.6%
Q4 23
88.1%
Operating Margin
LFMD
LFMD
TOPS
TOPS
Q4 25
22.0%
Q3 25
-3.3%
Q2 25
-0.7%
Q1 25
1.5%
Q3 24
-7.5%
Q2 24
-12.4%
Q1 24
-14.0%
Q4 23
-4.8%
Net Margin
LFMD
LFMD
TOPS
TOPS
Q4 25
-12.2%
Q3 25
-6.3%
Q2 25
-2.6%
Q1 25
-0.3%
Q3 24
-8.7%
Q2 24
-13.6%
Q1 24
-15.3%
Q4 23
-8.3%
EPS (diluted)
LFMD
LFMD
TOPS
TOPS
Q4 25
$-0.96
Q3 25
Q2 25
$-0.05
Q1 25
$-0.02
Q3 24
$-0.13
Q2 24
Q1 24
Q4 23

Balance Sheet & Financial Strength

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

Metric
LFMD
LFMD
TOPS
TOPS
Cash + ST InvestmentsLiquidity on hand
$20.4M
Total DebtLower is stronger
$216.6M
Stockholders' EquityBook value
$1.3M
$89.2M
Total Assets
$66.0M
$333.6M
Debt / EquityLower = less leverage
2.43×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LFMD
LFMD
TOPS
TOPS
Q4 25
$20.4M
Q3 25
Q2 25
$36.2M
Q1 25
$34.4M
Q3 24
$37.6M
Q2 24
$35.7M
Q1 24
$35.1M
Q4 23
$33.1M
Total Debt
LFMD
LFMD
TOPS
TOPS
Q4 25
$216.6M
Q3 25
Q2 25
$15.9M
Q1 25
Q3 24
Q2 24
Q1 24
Q4 23
Stockholders' Equity
LFMD
LFMD
TOPS
TOPS
Q4 25
$89.2M
Q3 25
$1.3M
Q2 25
$-1.8M
Q1 25
$-2.3M
Q3 24
$-7.7M
Q2 24
$-4.2M
Q1 24
$-845.3K
Q4 23
$3.5M
Total Assets
LFMD
LFMD
TOPS
TOPS
Q4 25
$333.6M
Q3 25
$66.0M
Q2 25
$73.6M
Q1 25
$73.6M
Q3 24
$72.6M
Q2 24
$63.8M
Q1 24
$61.5M
Q4 23
$58.5M
Debt / Equity
LFMD
LFMD
TOPS
TOPS
Q4 25
2.43×
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
Q4 23

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
TOPS
TOPS
Operating Cash FlowLast quarter
$-147.1K
$26.4M
Free Cash FlowOCF − Capex
$-944.4K
FCF MarginFCF / Revenue
-1.6%
Capex IntensityCapex / Revenue
1.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$16.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LFMD
LFMD
TOPS
TOPS
Q4 25
$26.4M
Q3 25
$-147.1K
Q2 25
$8.6M
Q1 25
$3.1M
Q3 24
$6.7M
Q2 24
$4.5M
Q1 24
$5.2M
Q4 23
$5.7M
Free Cash Flow
LFMD
LFMD
TOPS
TOPS
Q4 25
Q3 25
$-944.4K
Q2 25
$7.8M
Q1 25
$2.9M
Q3 24
$6.3M
Q2 24
$3.9M
Q1 24
$5.0M
Q4 23
$5.6M
FCF Margin
LFMD
LFMD
TOPS
TOPS
Q4 25
Q3 25
-1.6%
Q2 25
12.5%
Q1 25
4.6%
Q3 24
11.7%
Q2 24
7.7%
Q1 24
11.4%
Q4 23
12.5%
Capex Intensity
LFMD
LFMD
TOPS
TOPS
Q4 25
Q3 25
1.3%
Q2 25
1.3%
Q1 25
0.2%
Q3 24
0.8%
Q2 24
1.3%
Q1 24
0.4%
Q4 23
0.2%

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%

TOPS
TOPS

Segment breakdown not available.

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