FTLF FITLIFE BRANDS, INC.
Price Chart
Executive Summary
FitLife Brands reported Q1 2026 revenue of $25.3M (+59% YoY, driven by the Irwin acquisition) but GAAP net income fell to $1.7M from $2.0M a year ago, with EPS declining to $0.18 from $0.22. Legacy FitLife organic revenue collapsed 22% YoY, and management cited persistent consumer weakness, Amazon algorithm changes, and Irwin supply-chain issues that caused an estimated $1.0-1.5M in lost sales. The company continues to delever, reducing net debt to ~$40.6M from $43.1M at year-end.
Key Financial Metrics
Actionable Insight
The core Legacy FitLife business is deteriorating rapidly (22% organic revenue decline) and management's commentary on persistent consumer weakness suggests no near-term recovery. The Irwin acquisition masks the decline at the consolidated level but Irwin itself saw organic revenue drop ~13% YoY. Watch for Q2 2026 results to see if the Kroger launch and Irwin Amazon growth can offset further Legacy declines. The stock's $89M market cap against $40.6M net debt leaves limited equity cushion.
Key Facts
- Q1 2026 revenue $25.3M (+59% YoY, but driven by Irwin acquisition; organic Legacy FitLife revenue declined 22% YoY)
- GAAP net income $1.7M vs $2.0M YoY; diluted EPS $0.17 vs $0.20 YoY
- Legacy FitLife wholesale revenue fell 28% YoY, online revenue fell 18% YoY
- Irwin organic revenue (ex-CBD, ex-pre-acquisition customer loss) declined ~13% YoY
- Management estimates $1.0-1.5M in lost Irwin revenue from out-of-stock situations
- Net debt reduced to ~$40.6M from $43.1M at Dec 2025; cash $1.2M
- Irwin Amazon run-rate reached ~$9.6M annual revenue; April monthly revenue ~$0.9M
- Two MusclePharm SKUs launching in Kroger stores nationwide beginning June 2026
Financial Impact
GAAP net income declined ~15% YoY; Legacy FitLife organic revenue decline of 22% represents ~$3.5M lost revenue vs prior year
Risk Factors
- Continued organic revenue decline in Legacy FitLife brands (22% YoY drop accelerating from 12% in Q4 2025)
- Irwin supply chain issues and out-of-stocks may persist, limiting Amazon growth trajectory
- High leverage ($40.6M net debt vs $89M market cap) with thin cash balance ($1.2M)
- Amazon algorithm changes could further pressure online sales
- Weak consumer discretionary spending environment may persist
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-016983 |
| Document: ftlf20260514_8k.htm | 0001437749-26-016983 |
| Document: 0001437749-26-016983-index-headers.html | 0001437749-26-016983 |
| Document: 0001437749-26-016983-index.html | 0001437749-26-016983 |
| Document: 0001437749-26-016983.txt | 0001437749-26-016983 |
| 8-K Data (Synthetic) | 0001437749-26-016983 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 14, 2026
26d ago
|
8-K
| $10.24 $10.37 | ▼ −1.27% | ▼ −1.99% | $10.22 (+0.20%) |
|
May 14, 2026
26d ago
|
Press Release
| $10.24 $10.37 | ▲ +1.27% | ▲ +1.99% | $10.22 (−0.20%) |
|
May 5, 2026
5w ago
|
Press Release
| $9.43 $9.55 | ▲ +1.27% | ▼ −0.71% | $10.22 (+8.38%) |
|
Apr 10, 2026
8w ago
|
Insider Cluster
| $9.62 $9.32 | ▼ −3.12% | ▼ −7.62% | $10.22 (+6.24%) |
|
Apr 7, 2026
9w ago
|
8-K
| $9.93 $9.30 | ▼ −6.34% | ▼ −9.86% | $10.22 (+2.92%) |
|
Apr 1, 2026
9w ago
|
8-K
| $12.10 $9.87 | ▲ +18.43% | ▲ +22.19% | $10.22 (+15.54%) |
|
Apr 1, 2026
9w ago
|
Press Release
| $12.10 $9.87 | ▼ −18.43% | ▼ −22.19% | $10.22 (−15.54%) |
|
Mar 30, 2026
10w ago
|
Press Release
| $14.28 $9.80 | ▼ −31.37% | ▼ −35.67% | $10.22 (−28.43%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access