LifeVantage released its financial results for the second quarter of fiscal 2025. Revenue during the quarter reached $67.8 million, an increase of 31.3% year-over-year. The Americas proved to be the strongest sales driver for the company, with a 46.3% increase in revenue. Asia/Pacific and Europe declined 15.5% during the quarter.
Gross profit was $54.6 million, or 80.5% of revenue, up from $40.6 million, or 78.6% of revenue, for the same fiscal period last year. Commissions and incentives expenses equaled $32.5 million, or 48% of total revenue. This is up from $21.8 million, or 42.1% of revenue, last year.
Net income per diluted share was $0.19, compared to a loss of $0.05 per diluted share one year ago. Adjusted earnings per diluted share were $0.22, compared to $0.10 a year ago. Adjusted EBITDA was $6.5 million, up significantly from $3.1 million last year.
“Second quarter results were outstanding with year-over-year revenue growth exceeding 31% to a record $67.8 million, driven by tremendous demand for the MindBody GLP-1 System we introduced into the US market in October,” said Steve Fife, LifeVantage President and CEO. “We also continued to deliver strong profitability metrics and growth in Active Accounts, which was equally impressive, up 25% sequentially in the Americas, as the number of enrollments surged to the highest level in five years. Across our business we’re seeing incredible momentum and the entire LifeVantage community of independent Consultants and customers is highly engaged. MindBody significantly expands our addressable market with a unique weight management solution while also creating synergistic growth opportunities across our other core product lines. We are just at the beginning of this exciting journey and with a strong balance sheet and leverageable platform, are well positioned for long-term success.”
During the first six months of 2025, the company generated $8.6 million of cash from operations, up from $6.5 million during the same period in 2024. Cash and cash equivalents as of the end of 2024 were $21.6 million with no outstanding debt.
