FITLIFE BRANDS, INC. FTLF
FitLife Brands, Inc. (the "Company") is a provider of innovative and proprietary nutritional supplements and wellness products for health-conscious consumers marketed under the following brand names: (i) NDS Nutrition, PMD Sports, SirenLabs, Core Active, Nutrology, and Metis Nutrition (together, the "NDS Products"); (ii) iSatori, BioGenetic Laboratories, and Energize (together, the "iSatori Products"); (iii) Dr. Tobias, All Natural Advice, and Maritime Naturals (together, the "MRC Products"); (iv) MusclePharm; and (v) Irwin Naturals, Applied Nutrition, and Nature's Secret (together, the "Irwin Products").
The Company distributes the NDS Products principally through franchised General Nutrition Centers, Inc. ("GNC") stores located both domestically and internationally. The iSatori Products are sold through retail locations, which include specialty and mass market retailers, as well as online directly to the end consumer. The Company distributes the MRC Products primarily online through e-commerce platforms, such as Amazon.com ("Amazon"), directly to the end consumer. MusclePharm's products are sold to both wholesale customers as well as online through various e-commerce platforms directly to the end consumer. Irwin Products are sold principally through wholesale channels in mass market and health food store segments.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- United States
- Non-US
| Region | FY2025 | FY2024 |
|---|---|---|
| United States | $77.4M | $61.5M |
| Non-US | $4.1M | $3.0M |
As the company reported it, from the “Note 12 - Segment Information - Revenue by Geographic Area (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $81.5M | $64.5M | $52.7M | $28.8M | $27.9M | $22.1M | $19.1M | $17.1M | $17.8M | $25.3M |
| Cost of revenue | $50.0M | $36.4M | $31.3M | $16.8M | $15.4M | $12.6M | $11.2M | $10.3M | $12.7M | $15.2M |
| Gross profit | $31.5M | $28.1M | $21.4M | $12.0M | $12.5M | $9.5M | $8.0M | $6.7M | $5.1M | $10.1M |
| SG&A | $14.0M | $10.0M | $7.9M | $6.0M | $6.2M | $3.0M | $3.0M | $3.3M | $4.2M | $5.0M |
| Total operating expenses | $21.4M | $15.0M | $13.9M | $6.3M | $6.3M | $5.2M | $5.5M | $6.1M | $14.0M | $9.6M |
| Operating income | $10.1M | $13.1M | $7.5M | $5.7M | $6.2M | $4.3M | $2.5M | $653.0K | -$9.0M | $472.3K |
| Interest expense | $1.9M | $1.4M | $1.0M | $0 | $25.0K | $15.0K | $47.0K | $133.0K | $112.0K | $109.4K |
| Pre-tax income | $8.2M | $11.9M | $7.0M | $5.8M | $6.7M | $4.4M | $2.6M | $520.0K | -$9.1M | $368.1K |
| Income tax | $1.9M | $2.9M | $1.7M | $1.4M | $1.3M | $4.4M | $7.0K | $11.0K | $689.0K | $0 |
| Net income | $6.3M | $9.0M | $5.3M | $4.4M | $5.4M | $8.8M | $2.6M | $509.0K | $509.0K | $368.1K |
| EPS, basic | 0.68 | 0.98 | 0.59 | 0.97 | 1.23 | 8.34 | 2.48 | 0.37 | -0.93 | 0.04 |
| EPS, diluted | 0.63 | 0.91 | 0.54 | 0.89 | 1.13 | 7.76 | 2.33 | 0.37 | -0.93 | 0.04 |
| Shares, diluted (wtd. avg.) | 10.0M | 9.9M | 9.8M | 4,975 | 4.8M | 1.1M | 1.1M | 1.1M | 10.5M | 10.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | — | — | — | — | — | $6.3M | $265.0K | $259.0K | $1.3M | $1.3M |
| Receivables | $8.8M | $1.6M | $2.0M | $705.0K | $945.0K | $1.4M | $2.3M | $3.2M | $2.0M | $2.6M |
| Inventory | $21.3M | $11.1M | $9.1M | $9.1M | $6.5M | $3.5M | $3.2M | $2.7M | $2.9M | $3.8M |
| Total current assets | $33.1M | $18.1M | $14.7M | $23.2M | $17.7M | $7.1M | $6.4M | $6.4M | $6.3M | $7.9M |
| Property, plant and equipment | $128.0K | $75.0K | $137.0K | $46.0K | $70.0K | $113.0K | $161.0K | $174.0K | $296.0K | $171.0K |
| Goodwill | $19.4M | $13.0M | $13.3M | $358.0K | $358.0K | $133.0K | $225.0K | $225.0K | $225.0K | — |
| Other intangibles | $51.4M | $26.2M | $26.3M | $150.0K | $192.0K | $0 | — | $320.0K | $225.0K | $6.5M |
| Total assets | $106.3M | $58.5M | $55.3M | $25.7M | $21.5M | $7.7M | $7.1M | $7.1M | $6.9M | $15.4M |
| Accounts payable | $6.9M | $4.1M | $3.3M | $3.0M | $2.9M | $1.6M | $2.6M | $2.3M | $3.0M | $1.6M |
| Short-term debt | — | — | — | — | — | — | — | $0 | $415.0K | $544.8K |
| Total current liabilities | $21.6M | $11.3M | $10.3M | $4.3M | $4.1M | $2.4M | $3.9M | $3.7M | $6.0M | $4.5M |
| Long-term debt | — | $8.6M | $15.5M | $0 | — | — | — | — | $0 | $369.2K |
| Total liabilities | $62.7M | $22.4M | $28.3M | $4.3M | $4.2M | $3.1M | $4.1M | $3.9M | $6.0M | $4.8M |
| Retained earnings | $11.9M | $5.6M | -$3.4M | -$8.7M | -$13.1M | -$25.8M | -$28.6M | -$29.0M | — | — |
| Total equity | $43.6M | $36.1M | $27.0M | $21.4M | $17.3M | $4.6M | $3.0M | $2.1M | $912.0K | $912.0K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $7.4M | $9.6M | $4.2M | $4.1M | $4.5M | $5.7M | $2.3M | $258.0K | $666.0K | $48.2K |
| Depreciation and amortisation | $420.0K | $108.0K | $94.0K | $66.0K | $59.0K | $38.0K | $52.0K | $69.0K | $54.7K | $56.2K |
| Stock-based compensation | — | — | — | — | — | $29.0K | $118.0K | $130.0K | — | — |
| Capital expenditure | $42.0K | $10.0K | $106.0K | $0 | — | — | — | $0 | $185.0K | $23.4K |
| Investing cash flow | -$42.5M | -$10.0K | -$36.0M | $0 | -$529.0K | $0 | $0 | $4.0K | -$185.0K | -$23.4K |
| Financing cash flow | $32.1M | -$7.0M | $20.3M | -$750.0K | -$390.0K | $350.0K | -$2.3M | -$1.3M | -$512.0K | -$264.3K |
| Dividends paid | — | — | — | — | — | $0 | $63.0K | $0 | — | — |
| Buybacks | — | — | $0 | $779.0K | $444.0K | $171.0K | $1.5M | $0 | $0 | $156.9K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-021797.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $25.3M | $17.8M | $17.1M | $19.1M | $22.1M | $27.9M | $28.8M | $52.7M | $64.5M | $81.5M |
| Gross profit | $10.1M | $5.1M | $6.7M | $8.0M | $9.5M | $12.5M | $12.0M | $21.4M | $28.1M | $31.5M |
| Net income | $368.1K | $509.0K | $509.0K | $2.6M | $8.8M | $5.4M | $4.4M | $5.3M | $9.0M | $6.3M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 2833
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| DFTX | Definium Therapeutics, Inc. | $4.79B | — | — |
| TRLV | Trulieve Cannabis Corp. | $2.09B | — | -0.4% |
| CRON | Cronos Group Inc. | $1.22B | — | 24.6% |
| TLRY | Tilray Brands, Inc. | $370.5M | — | 11.5% |
| CGC | Canopy Growth Corp | $282.6M | — | — |
| USNA | USANA HEALTH SCIENCES INC | $259.4M | 24.2x | 8.3% |
| NAGE | Niagen Bioscience, Inc. | $193.1M | 12.2x | 29.9% |
| BTMD | biote Corp. | $32.9M | 1.6x | -2.5% |