Monitor Legacy FitLife's wholesale recovery with GNC and online MRC trends in Q3; Irwin's Amazon ramp and debt paydown trajectory are key offsets. The 65% revenue growth is entirely inorganic, and organic deterioration limits upside. Watch for any guidance update on the next earnings call.
Price Chart
Executive Summary
FitLife Brands reported Q2 2026 revenue of $26.5M (+65% YoY, beating $26.0M consensus) but diluted EPS of $0.20 missed the $0.20 consensus by 0% (in-line). The headline revenue growth was entirely acquisition-driven (Irwin Naturals added $14.1M), while Legacy FitLife revenue declined 23% YoY. Gross margin compressed to 37.0% from 42.8% due to the lower-margin Irwin acquisition, and net debt stood at $37.0M.
Key Financial Metrics
Key Facts
- Total revenue $26.5M, +65% YoY, vs consensus $26.0M (beat by 1.9%)
- Diluted EPS $0.20 vs consensus $0.20 (in-line)
- Legacy FitLife revenue declined 23% YoY to $12.4M, driven by 31% wholesale decline and 19% online decline
- Irwin Naturals contributed $14.1M revenue (+10% sequentially), with Amazon run rate ~$11M annually
- Gross margin fell to 37.0% from 42.8% YoY due to lower-margin Irwin mix
- Net income $2.0M (+12% YoY); Adjusted EBITDA $3.7M (+10% YoY)
- Net debt $37.0M ($36.1M term loan + $2.0M revolver - $1.1M cash)
- Debt reduction of $8.6M since Irwin acquisition closing (Aug 2025) through June 2026
Financial Impact
Revenue beat consensus by ~$0.5M (1.9%), but EPS in-line; Legacy FitLife organic decline of 23% offsets acquisition growth
Risk Factors
- Legacy FitLife wholesale revenue continues to decline (down 31% YoY) with no sign of stabilization
- Gross margin compression from Irwin mix may persist, limiting earnings leverage
- High net debt ($37M) relative to market cap ($91M) increases financial risk if organic trends worsen
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3344396 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 13, 2026 10w ago | 8-K | $11.19 | awaiting T+60 | — | $8.26 (−26.18%) |
Aug 13, 2026 10w ago | Press Release | $11.19 | awaiting T+60 | — | $8.26 (−26.18%) |
Jun 26, 2026 17w ago | DEFA14A | $11.08 $9.28 | ▼ −16.25% | ▼ −20.73% | $8.26 (−25.45%) |
May 14, 2026 23w ago | 8-K | $10.24 $9.96 | ▲ +2.73% | ▲ +6.32% | $8.26 (+19.34%) |
May 14, 2026 23w ago | Press Release | $10.24 $9.96 | ▼ −2.73% | ▼ −6.32% | $8.26 (−19.34%) |
May 5, 2026 25w ago | Press Release | $9.43 $9.89 | ▲ +4.88% | ▲ +2.14% | $8.26 (−12.41%) |
Apr 10, 2026 28w ago | Insider Cluster | $9.62 $11.08 | ▲ +15.18% | ▲ +4.85% | $8.26 (−14.14%) |
Apr 7, 2026 29w ago | 8-K | $9.93 $11.50 | ▲ +15.81% | ▲ +5.35% | $8.26 (−16.82%) |
Apr 1, 2026 29w ago | 8-K | $12.10 $11.06 | ▲ +8.60% | ▲ +21.97% | $8.26 (+31.74%) |
Apr 1, 2026 29w ago | Press Release | $12.10 $11.06 | ▼ −8.60% | ▼ −21.97% | $8.26 (−31.74%) |
US Market Status
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