LifeVantage announced its financial results for the third fiscal quarter, ending March 31 2026. Gross profit during the quarter was $34.5 million, or 79% of revenue. This is a slight decrease from 81% of revenue in the same period of fiscal 2025, and is primarily due to an allowance for inventory obsolescence related to the MindBody GLP-1 System, as well as increased costs for shipping and warehousing. When adjusted for these considerations, gross profit was 79.4% of revenue.
Total revenue was $43.7 million, down 25.2% year-over-year. Revenue in the Americas fell 28.9% due to a decline in sales of the Mind Body GLP-1 System, but was partially offset by sales from LoveBiome, which was acquired in October 2025. Asia Pacific and Europe revenue also fell 7.7%.
Operating income in the quarter was $1.7 million, down from $4.1 million in the same period of 2025. Net income was $1.4 million, or $0.11 per diluted share. Adjusted EBITDA was $3.2 million, down from $6.4 million in the comparable quarter last year.
“Third quarter results were softer than we anticipated as lower sales of our MindBody GLP-1 System were only partially offset by the addition of LoveBiome,” said Michael Beindorff, LifeVantage Interim CEO. “Despite top-line headwinds, we remained focused on managing expenses and allocating capital, enabling us to continue repurchasing shares while maintaining a strong balance sheet and cash position. That said, we are not satisfied with our performance and are laser focused on making the changes necessary to improve results going forward. With our science-backed approach to nutrigenomics, diversified product portfolio, passionate consultant community and strong financial foundation, LifeVantage is in a compelling position in the rapidly expanding health and wellness market with significant growth potential ahead, and we intend to realize that potential.”
The company generated $5.5 million in cash from operations during the first nine months of fiscal 2026 and ended the quarter with cash and cash equivalents of $12.5 million with no debt.
