The EPS beat is overshadowed by declining net income, margin compression, and organic revenue weakness in both Legacy FitLife and Irwin. Watch for Q2 2026 revenue trends, Irwin Amazon growth sustainability, and Kroger launch traction. Debt paydown is positive but limited given $40.6M net debt vs $89M market cap.
Price Chart
Executive Summary
FitLife Brands reported Q1 2026 revenue of $25.3M (+59% YoY), beating the $24.9M consensus, and EPS of $0.17 diluted, beating the $0.13 estimate by 31%. However, net income fell to $1.7M from $2.0M a year ago, gross margin compressed to 37.6% from 43.1% due to the lower-margin Irwin acquisition, and Legacy FitLife revenue declined 22% YoY. Adjusted EBITDA slipped 3% to $3.3M, and management cited consumer weakness, Amazon algorithm changes, and Irwin supply chain issues as headwinds.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $25.3M vs consensus $24.9M, +59% YoY
- Diluted EPS $0.17 vs consensus $0.13, +31% beat
- Net income $1.7M vs $2.0M YoY, down 15%
- Gross margin 37.6% vs 43.1% YoY, compressed by Irwin acquisition
- Legacy FitLife revenue declined 22% YoY (wholesale -28%, online -18%)
- Irwin contributed $10.3M wholesale revenue; organic Irwin revenue declined ~13% YoY
- Adjusted EBITDA $3.3M, down 3% YoY
- Net debt $40.6M; $1.5M term loan amortization + $1.4M revolver paydown in Q1
- Irwin Amazon run-rate reached ~$9.6M annual revenue; April Amazon revenue ~$0.9M
- Two MusclePharm SKUs launching in Kroger stores in June 2026
Financial Impact
Revenue beat by $0.4M (1.6%), EPS beat by $0.04 (31%), but net income declined $0.3M (15%) YoY
Risk Factors
- Legacy FitLife revenue declining 22% YoY, especially GNC wholesale and MRC online
- Irwin organic revenue down ~13% YoY; supply chain out-of-stocks causing $1.0-1.5M lost revenue
- Amazon algorithm changes pressuring online sales
- Consumer weakness may persist; management called Q1 'challenging'
- High leverage: net debt $40.6M vs $89M market cap
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3294805 |
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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