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LifeMD vs SBC Medical: revenue, profit, margins and growth compared

LifeMD brought in $194.1M of revenue in fiscal 2025, SBC Medical $173.6M in fiscal 2025. Revenue changed by +25.3% at LifeMD and -15.5% at SBC Medical on the year before, so LifeMD grew faster. LifeMD kept 7.4% of its revenue as net profit, SBC Medical 29.4%. Free cash flow was $6.4M at LifeMD and $23.3M at SBC Medical.

Side by side, latest fiscal year

LFMDPSBC
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$194.1M$173.6M
Revenue growth+25.3%-15.5%
Net income$14.4M$51M
Net margin7.4%29.4%
Free cash flow$6.4M$23.3M
Free cash flow margin3.3%13.4%
Earnings per share (diluted)$0.25$0.50
Cash$36.8M$163.8M
Debtn/a$42.8M
Price to earnings92.69.8
Market value$1.1B$504M
Dividend yieldn/an/a
Rank by revenue in sector#253 of 523 · Health care#266 of 523 · Health care

Over the years

Revenue
LFMDP FY2018: $8.3MLFMDP FY2019: $12.5MLFMDP FY2020: $37.3MLFMDP FY2021: $92.9MLFMDP FY2022: $119MLFMDP FY2023: $152.5MLFMDP FY2024: $154.8MLFMDP FY2025: $194.1MSBC FY2023: $193.5MSBC FY2024: $205.4MSBC FY2025: $173.6MFY18FY19FY20FY21FY22FY23FY24FY25
LFMDP $194.1MSBC $173.6M
Net income
LFMDP FY2018: -$1.2MLFMDP FY2019: -$3.1MLFMDP FY2020: -$58.6MLFMDP FY2021: -$60.9MLFMDP FY2022: -$45.5MLFMDP FY2023: -$20.6MLFMDP FY2024: -$21.4MLFMDP FY2025: $14.4MSBC FY2023: $39.4MSBC FY2024: $46.6MSBC FY2025: $51MFY18FY19FY20FY21FY22FY23FY24FY25
LFMDP $14.4MSBC $51M
Net margin
LFMDP FY2018: -14.9%LFMDP FY2019: -25.2%LFMDP FY2020: -157.3%LFMDP FY2021: -65.6%LFMDP FY2022: -38.3%LFMDP FY2023: -13.5%LFMDP FY2024: -13.8%LFMDP FY2025: 7.4%SBC FY2023: 20.3%SBC FY2024: 22.7%SBC FY2025: 29.4%FY18FY19FY20FY21FY22FY23FY24FY25
LFMDP 7.4%SBC 29.4%
Revenue growth
LFMDP FY2019: +49.8%LFMDP FY2020: +199.1%LFMDP FY2021: +149.0%LFMDP FY2022: +28.2%LFMDP FY2023: +28.2%LFMDP FY2024: +1.5%LFMDP FY2025: +25.3%SBC FY2024: +6.1%SBC FY2025: -15.5%FY19FY20FY21FY22FY23FY24FY25
LFMDP +25.3%SBC -15.5%
Free cash flow
LFMDP FY2021: -$33.3MLFMDP FY2022: -$23.3MLFMDP FY2023: $8.6MLFMDP FY2024: $16MLFMDP FY2025: $6.4MSBC FY2023: $42.1MSBC FY2024: $18MSBC FY2025: $23.3MFY21FY22FY23FY24FY25
LFMDP $6.4MSBC $23.3M

Fiscal years as each company reports them; the two may end in different months.

Questions about LifeMD and SBC Medical

Which is bigger by revenue, LifeMD or SBC Medical?

LifeMD is bigger by revenue: $194.1M in fiscal 2025, against $173.6M for SBC Medical in fiscal 2025.

Which keeps more of its revenue as profit, LifeMD or SBC Medical?

LifeMD had a net margin of 7.4% in fiscal 2025; SBC Medical had 29.4% in fiscal 2025.

Which grew revenue faster, LifeMD or SBC Medical?

In their latest fiscal years revenue changed by +25.3% at LifeMD and -15.5% at SBC Medical.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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