LifeVantage Q1 FY2027 revenue falls 22% to $37.1M
Fewer active accounts and lower MindBody GLP-1 System sales were cited as primary revenue pressures, partly offset by LoveBiome sales.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
LifeVantage Corporation reported fiscal 2027 first-quarter revenue of $37.1 million, down 22.0% from $47.6 million a year earlier. Revenue declined 22.2% in the Americas and 21.2% in Asia/Pacific & Europe. The company attributed the decline primarily to fewer active accounts and lower MindBody GLP-1 System sales, partly offset by LoveBiome sales. Total active accounts were 98,000 as of September 30, 2026, versus 121,000 a year earlier.
Gross profit was $28.0 million, or 75.4% of revenue, versus $37.8 million, or 79.5%; the company cited a $1.045 million MindBody inventory-obsolescence allowance and higher shipping and warehouse costs. GAAP net loss was $0.2 million, or $0.02 per diluted share, versus net income of $2.2 million, or $0.17 per diluted share. Adjusted EBITDA was $1.9 million versus $3.9 million, and adjusted diluted EPS was $0.05 versus $0.18. Operating cash flow was $0.5 million generated, compared with $2.3 million used; cash was $13.7 million at September 30, 2026, and no debt was outstanding. No shares were repurchased; $58.5 million remained under the $60 million repurchase program.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Moderate pointOperating cash flow was $0.5 million generated, versus $2.3 million used.
Negative
- Moderate pointRevenue fell 22.0% to $37.1 million year over year.
- Moderate pointNet income shifted to a $0.2 million loss from $2.2 million income.
- Moderate pointAdjusted EBITDA was $1.9 million, versus $3.9 million a year earlier.
8-K Event Classification
Key Figures
Key Terms
Adjusted EBITDA financial
active accounts financial
allowance for inventory obsolescence financial
Non-GAAP Net Income financial
Earnings Snapshot
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much revenue did LFVN report in fiscal Q1 2027?
Was LFVN profitable in fiscal Q1 2027?
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): |
(Exact name of Registrant as Specified in Its Charter)
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
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Trading |
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition.
On November 9, 2026, the Company issued a press release announcing its financial results for the three months ended September 30, 2026. A copy of the Company’s press release is attached as Exhibit 99.1 to this report and incorporated by reference.
The information furnished in this Item 2.02 and the exhibit hereto shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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Exhibit No. |
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Description |
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99.1 |
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Press Release issued by the Company on November 9, 2026, announcing its financial results for the three months ended September 30, 2026. |
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104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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LIFEVANTAGE CORPORATION |
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Date: |
November 9, 2026 |
By: |
/s/ Carl A. Aure |
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Name: Carl A. Aure |
Exhibit 99.1
LifeVantage Announces Financial Results for the First Quarter Fiscal 2027
Salt Lake City, UT, November 9, 2026, LifeVantage Corporation (Nasdaq: LFVN), a leading health and wellness company with products designed to activate optimal health processes at the cellular level, today reported financial results for its quarter ended September 30, 2026.
First Quarter Fiscal 2027 Summary*:
* All comparisons are on a year over year basis and compare the first quarter of fiscal 2027 to the first quarter of fiscal 2026, unless otherwise noted.
“Despite a challenging quarter, LifeVantage has significant untapped potential, and we now have a clear strategy designed to capture it,” said Terrence Moorehead, President and Chief Executive Officer. “Our focus is on transforming LifeVantage into a more brand-driven, consumer-focused company, supported by a modern digital platform and an expanding community of consumers and brand advocates. At the same time, we are creating a more focused and efficient operating model and strengthening the underlying economics of the business. We have a lot of work to do, and building the company we envision will take time, but we have a differentiated foundation, a clear roadmap and a strong sense of urgency around execution. The actions we are taking are designed to build a stronger, more relevant LifeVantage and create sustainable long-term value for our shareholders.”
First Quarter Fiscal 2027 Results
For the first quarter ended September 30, 2026, the Company reported revenue of $37.1 million, a 22.0% decrease compared to revenue of $47.6 million in the quarter ended September 30, 2025, including a $0.4 million, or 0.8% negative impact from foreign currency. Revenue in the Americas region decreased 22.2% to $29.0 million. Revenue in the Asia/Pacific & Europe region decreased 21.2% to $8.2 million, including a $0.4 million, or 3.9%, negative impact from foreign currency. The decrease in revenue was primarily driven by lower active accounts, reflecting impacts from the broader macro environment, as well as lower sales of the MindBody GLP-1 System®. These declines were partially offset by sales of the LoveBiome product line, which the Company acquired in October 2025.
Gross profit for the quarter was $28.0 million, or 75.4% of revenue, compared to $37.8 million, or 79.5% of revenue, for the prior year period. The decrease in gross profit as a percentage of revenue was primarily due to an allowance for inventory obsolescence related to the MindBody GLP-1 System®, along with increases in shipping and warehouse related expenses. Adjusted for the allowance for inventory obsolescence, non-GAAP gross profit was $29.0 million, or 78.2% of revenue.
Commissions and incentives expense for the quarter was $15.4 million, or 41.4% of revenue, compared to $20.7 million, or 43.5% of revenue, for the prior year period. The decrease in commissions and incentives expense as a percentage of revenue compared to the prior year period is primarily due to the timing and magnitude of promotional and incentive programs, changes in revenue mix, and changes in the mix of customers and independent consultants.
Selling, general and administrative (SG&A) expense for the quarter was $12.7 million, or 34.3% of revenue, compared to $14.9 million, or 31.2% of revenue, for the prior year period. The increase in SG&A expense as a percentage of revenue reflects the overall decrease in revenue.
Operating loss for the quarter was $0.1 million compared to operating income of $2.3 million for the prior year period. Adjusted non-GAAP operating income for the quarter was $0.9 million compared to adjusted non-GAAP operating income of $2.5 million for the prior year period.
Net loss for the quarter was $0.2 million, or $0.02 per diluted share, compared to net income of $2.2 million, or $0.17 per diluted share, for the prior year period. Adjusted non-GAAP net income for the quarter was $0.6 million, or $0.05 per diluted share, compared to adjusted non-GAAP net income of $2.3 million, or $0.18 per diluted share, in the prior year period.
Adjusted EBITDA was $1.9 million, or 5.2% of revenue, for the quarter, versus $3.9 million, or 8.2% of revenue, for the prior year period.
Balance Sheet & Liquidity
The Company generated $0.5 million of cash from operations during the three months ended September 30, 2026 compared to $2.3 million used in operations in the prior year period, primarily reflecting decreases in accounts receivable, inventory, and other accrued expenses. The Company’s cash and cash equivalents at September 30, 2026 were $13.7 million, compared to $14.9 million at June 30, 2026, and there was no debt outstanding.
Share Repurchase
During the quarter ended September 30, 2026, the Company did not repurchase any shares of its common stock. As of September 30, 2026, there was $58.5 million remaining under the $60 million share repurchase program.
Conference Call Information
The Company will hold an investor conference call today at 2:30 p.m. MST (4:30 p.m. EST). Investors interested in participating in the live call can dial (877) 704-4453 from the U.S. or international callers can dial (201) 389-0920. A telephone replay will be available approximately two hours after the call concludes and will be available through Monday, November 30, 2026, by dialing (844) 512-2921 from the U.S. and entering confirmation code 13762997, or (412) 317-6671 from international locations, and entering confirmation code 13762997.
There will also be a simultaneous, live webcast available on the Investor Relations section of the Company's web site at https://investor.lifevantage.com/events-and-presentations. The webcast will be archived for approximately 30 days.
About LifeVantage Corporation
LifeVantage Corporation (Nasdaq: LFVN), the Activation company, is a pioneer in nutrigenomics—the study of how nutrition and naturally occurring compounds can unlock your genes and the health coded within. Our products work with your unique biology and help your body make what it needs for health. The line of scientifically validated activators includes the flagship Protandim® family of products, TrueScience® Liquid Collagen, the MindBody GLP-1 System®, the newest comprehensive gut activator from LoveBiome P84, the Activation-supporting nutrients such as Omega, D3+, and the Rise AM & Reset PM System®, as well as AXIO® nootropic and hydration energy drink mixes, the full TrueScience® line of skin and hair care products, and Petandim®, a pet supplement formulated to combat oxidative stress in dogs. Our independent Consultants sell our products to Customers and share the business opportunity with entrepreneurs seeking to begin their own business. LifeVantage was founded in 2003 and is headquartered in Lehi, Utah. For more information, visit www.lifevantage.com.
Cautionary Note Regarding Forward Looking Statements
This document contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words and expressions reflecting optimism, satisfaction or disappointment with current prospects, as well as words such as "believe," "will," "hopes," "intends," "estimates," "expects," "projects," "plans," "anticipates," "look forward to," "goal," “may be,” and variations thereof, identify forward-looking statements, but their absence does not mean that a statement is not forward-looking. The declaration and/or payment of a dividend during any quarter provides no assurance as to future dividends, and the timing and amount of future dividends, if any, could vary significantly in comparison both to past dividends and to current expectations. Examples of forward-looking statements include, but are not limited to, expected financial performance, including revenue margins, statements we make regarding executing against and the benefits of our key initiatives, future growth, including geographic and product expansion, and expected dividend payments in future quarters. Such forward-looking statements are not guarantees of performance and the Company's actual results could differ materially from those contained in such statements. These forward-looking statements are based on the Company's current expectations and beliefs concerning future events affecting the Company and involve known and unknown risks and uncertainties that may cause the Company's actual results or outcomes to be materially different from those anticipated and discussed herein. These risks and uncertainties include, among others, further deterioration to the global economic and operating environments, as well as those discussed in greater detail in the Company's Annual Report on Form 10-K and the Company's Quarterly Report on Form 10-Q under the caption "Risk Factors," and in other documents filed by the Company from time to time with the Securities and Exchange Commission (the “SEC”). The Company cautions investors not to place undue reliance on the forward-looking statements contained in this document. All forward-looking statements are based on information currently available to the Company on the date hereof, and the Company undertakes no obligation to revise or update these forward-looking statements to reflect events or circumstances after the date of this document, except as required by law.
About Non-GAAP Financial Measures
We define Non-GAAP EBITDA as earnings before interest expense, income taxes, depreciation and amortization and Non-GAAP Adjusted EBITDA as earnings before interest expense, income taxes, depreciation and amortization, stock compensation expense, other income, net, and certain other adjustments. Non-GAAP EBITDA and Non-GAAP Adjusted EBITDA may not be comparable to similarly titled measures reported by other companies. We define Non-GAAP Net Income as GAAP net income less certain tax adjusted non-recurring one-time expenses incurred during the period and Non-GAAP Earnings per Share as Non-GAAP Net Income divided by weighted-average shares outstanding.
We are presenting Non-GAAP EBITDA, Non-GAAP Adjusted EBITDA, Non-GAAP Net Income and Non-GAAP Earnings Per Share because management believes that they provide additional ways to view our operations when considered with both our GAAP results and the reconciliation to net income, which we believe provides a more complete understanding of our business than could be obtained absent this disclosure. Non-GAAP EBITDA, Non-GAAP Adjusted EBITDA, Non-GAAP Net Income and Non-GAAP Earnings Per Share are presented solely as supplemental disclosure because: (i) we believe these measures are a useful tool for investors to assess the operating performance of the business without the effect of these items; (ii) we believe that investors will find this data useful in assessing shareholder value; and (iii) we use Non-GAAP EBITDA, Non-GAAP Adjusted EBITDA, Non-GAAP Net Income and Non-GAAP Earnings Per Share internally as benchmarks to evaluate our operating performance or compare our performance to that of our competitors. The use of Non-GAAP EBITDA, Non-GAAP Adjusted EBITDA, Non-GAAP Net Income and Non-GAAP Earnings per Share has limitations and you should not consider these measures in isolation from or as an alternative to the relevant GAAP measure of net income prepared in accordance with GAAP, or as a measure of profitability or liquidity.
The tables set forth below present reconciliations of Non-GAAP EBITDA, Non-GAAP Adjusted EBITDA, Non-GAAP Net Income and Non-GAAP Earnings per Share, which are non-GAAP financial measures to Net Income and Earnings per Share, our most directly comparable financial measures presented in accordance with GAAP.
Investor Relations Contacts:
Reed Anderson, ICR
(646) 277-1260
reed.anderson@icrinc.com
LIFEVANTAGE CORPORATION AND SUBSIDIARIES |
CONSOLIDATED BALANCE SHEETS |
(Unaudited) |
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September 30, 2026 |
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June 30, 2026 |
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(In thousands, except per share data) |
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ASSETS |
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Current assets |
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Cash and cash equivalents |
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$ |
13,726 |
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$ |
14,920 |
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Accounts receivable |
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1,806 |
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2,990 |
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Income tax receivable |
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933 |
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1,386 |
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Inventory, net |
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14,228 |
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16,167 |
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Prepaid expenses and other |
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3,854 |
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2,834 |
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Total current assets |
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34,547 |
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38,297 |
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Property and equipment, net |
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8,058 |
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7,310 |
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Right-of-use assets |
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6,364 |
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6,715 |
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Intangible assets, net |
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2,930 |
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3,058 |
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Goodwill |
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465 |
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465 |
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Deferred income tax asset |
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6,195 |
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5,629 |
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Other long-term assets |
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646 |
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637 |
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TOTAL ASSETS |
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$ |
59,205 |
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$ |
62,111 |
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LIABILITIES AND STOCKHOLDERS’ EQUITY |
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Current liabilities |
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Accounts payable |
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$ |
5,191 |
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$ |
5,156 |
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Commissions payable |
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4,470 |
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5,724 |
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Lease liabilities |
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1,921 |
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1,935 |
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Other accrued expenses |
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6,512 |
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7,412 |
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Total current liabilities |
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18,094 |
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20,227 |
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Long-term lease liabilities |
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7,483 |
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7,933 |
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Other long-term liabilities |
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370 |
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362 |
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Total liabilities |
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25,947 |
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28,522 |
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Commitments and contingencies |
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Stockholders’ equity |
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Preferred stock — par value $0.0001 per share, 5,000 shares authorized, no shares issued or outstanding |
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— |
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— |
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Common stock — par value $0.0001 per share, 40,000 shares authorized and 12,589 and 12,518 issued and outstanding as of September 30, 2026 and June 30, 2026, respectively |
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1 |
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1 |
|
Additional paid-in capital |
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139,255 |
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|
138,924 |
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Accumulated deficit |
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(104,286 |
) |
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(103,462 |
) |
Accumulated other comprehensive loss |
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(1,712 |
) |
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(1,874 |
) |
Total stockholders’ equity |
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33,258 |
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|
33,589 |
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TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY |
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$ |
59,205 |
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|
$ |
62,111 |
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LIFEVANTAGE CORPORATION AND SUBSIDIARIES |
CONSOLIDATED STATEMENTS OF OPERATIONS |
(Unaudited) |
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Three Months Ended |
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(unaudited) |
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2026 |
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2025 |
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(In thousands, except per share data) |
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Revenue, net |
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$ |
37,117 |
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$ |
47,561 |
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Cost of sales |
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9,148 |
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|
9,745 |
|
Gross profit |
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|
27,969 |
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|
|
37,816 |
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Operating expenses: |
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|
|
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Commissions and incentives |
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15,380 |
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20,695 |
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Selling, general and administrative |
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12,725 |
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14,853 |
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Total operating expenses |
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|
28,105 |
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|
35,548 |
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Operating income (loss) |
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|
(136 |
) |
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|
2,268 |
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Other income (expense): |
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Interest income, net |
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45 |
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|
87 |
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Other expense, net |
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(93 |
) |
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(114 |
) |
Total other income (expense) |
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(48 |
) |
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(27 |
) |
Income (loss) before income taxes |
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|
(184 |
) |
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|
2,241 |
|
Income tax expense |
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|
(12 |
) |
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|
(86 |
) |
Net income (loss) |
|
$ |
(196 |
) |
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$ |
2,155 |
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Net income (loss) per share: |
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Basic |
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$ |
(0.02 |
) |
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$ |
0.17 |
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Diluted |
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$ |
(0.02 |
) |
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$ |
0.17 |
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Weighted-average shares outstanding: |
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|
|
|
|
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Basic |
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|
12,464 |
|
|
|
12,398 |
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Diluted |
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|
12,464 |
|
|
|
12,946 |
|
LIFEVANTAGE CORPORATION AND SUBSIDIARIES
Revenue by Region |
(Unaudited) |
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Three Months Ended September 30, |
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(unaudited) |
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2026 |
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2025 |
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Americas |
|
$ |
28,954 |
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|
|
78.0 |
% |
|
$ |
37,197 |
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|
78.2 |
% |
Asia/Pacific & Europe |
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|
8,163 |
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|
|
22.0 |
% |
|
|
10,364 |
|
|
|
21.8 |
% |
Total |
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$ |
37,117 |
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|
|
100.0 |
% |
|
$ |
47,561 |
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|
|
100.0 |
% |
Active Accounts |
(Unaudited) |
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As of September 30, |
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Change |
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Percent |
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2026 |
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2025 |
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Year |
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Change |
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Active Independent Consultants |
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|
|
|
|
|
|
|
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|
|
|
|
|
|
|
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|
||||||
Americas |
|
|
27,000 |
|
|
|
67.5 |
% |
|
|
32,000 |
|
|
|
66.7 |
% |
|
|
(5,000 |
) |
|
|
(15.6 |
)% |
Asia/Pacific & Europe |
|
|
13,000 |
|
|
|
32.5 |
% |
|
|
16,000 |
|
|
|
33.3 |
% |
|
|
(3,000 |
) |
|
|
(18.8 |
)% |
Total Active Independent Consultants |
|
|
40,000 |
|
|
|
100.0 |
% |
|
|
48,000 |
|
|
|
100.0 |
% |
|
|
(8,000 |
) |
|
|
(16.7 |
)% |
Active Customers |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Americas |
|
|
45,000 |
|
|
|
77.6 |
% |
|
|
59,000 |
|
|
|
80.8 |
% |
|
|
(14,000 |
) |
|
|
(23.7 |
)% |
Asia/Pacific & Europe |
|
|
13,000 |
|
|
|
22.4 |
% |
|
|
14,000 |
|
|
|
19.2 |
% |
|
|
(1,000 |
) |
|
|
(7.1 |
)% |
Total Active Customers |
|
|
58,000 |
|
|
|
100.0 |
% |
|
|
73,000 |
|
|
|
100.0 |
% |
|
|
(15,000 |
) |
|
|
(20.5 |
)% |
Active Accounts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Americas |
|
|
72,000 |
|
|
|
73.5 |
% |
|
|
91,000 |
|
|
|
75.2 |
% |
|
|
(19,000 |
) |
|
|
(20.9 |
)% |
Asia/Pacific & Europe |
|
|
26,000 |
|
|
|
26.5 |
% |
|
|
30,000 |
|
|
|
24.8 |
% |
|
|
(4,000 |
) |
|
|
(13.3 |
)% |
Total Active Accounts |
|
|
98,000 |
|
|
|
100.0 |
% |
|
|
121,000 |
|
|
|
100.0 |
% |
|
|
(23,000 |
) |
|
|
(19.0 |
)% |
(1) Active Independent Consultants have purchased product in the prior three months for retail or personal consumption. |
|
|
|
||||||
(2) Active Customers have purchased product in the prior three months for personal consumption only. |
|
|
|
||||||
(3) Total Active Accounts is the sum of Active Independent Consultant accounts and Active Customer accounts. |
|
|
|
|
|
|
|
|
|
LIFEVANTAGE CORPORATION AND SUBSIDIARIES |
Reconciliation of GAAP Net Income to Non-GAAP EBITDA and Non-GAAP Adjusted EBITDA |
(Unaudited) |
|
|
Three Months Ended September 30, |
|
|||||
|
|
2026 |
|
|
2025 |
|
||
(In thousands) |
|
|
|
|
|
|
||
GAAP Net income (loss) |
|
$ |
(196 |
) |
|
$ |
2,155 |
|
Interest income, net |
|
|
(45 |
) |
|
|
(87 |
) |
Provision for income taxes |
|
|
12 |
|
|
|
86 |
|
Depreciation and amortization |
|
|
730 |
|
|
|
610 |
|
Non-GAAP EBITDA |
|
|
501 |
|
|
|
2,764 |
|
Adjustments: |
|
|
|
|
|
|
||
Stock compensation expense |
|
|
306 |
|
|
|
826 |
|
Other expense (income), net |
|
|
93 |
|
|
|
114 |
|
Other adjustments(1) |
|
|
1,045 |
|
|
|
217 |
|
Total adjustments |
|
|
1,444 |
|
|
|
1,157 |
|
Non-GAAP Adjusted EBITDA |
|
$ |
1,945 |
|
|
$ |
3,921 |
|
|
|
|
|
|
|
|
||
(1) Other adjustments breakout: |
|
|
|
|
|
|
||
MB System allowance for inventory obsolescence |
|
|
1,045 |
|
|
|
— |
|
Other nonrecurring expenses, net of credits |
|
|
— |
|
|
|
217 |
|
Total adjustments |
|
$ |
1,045 |
|
|
$ |
217 |
|
LIFEVANTAGE CORPORATION AND SUBSIDIARIES |
Reconciliation of GAAP Net Income to Non-GAAP Net Income and Non-GAAP Adjusted EPS |
(Unaudited) |
|
|
Three Months Ended September 30, |
|
|||||
|
|
2026 |
|
|
2025 |
|
||
(In thousands, except per share data) |
|
|
|
|
|
|
||
GAAP Net income (loss) |
|
$ |
(196 |
) |
|
$ |
2,155 |
|
Adjustments: |
|
|
|
|
|
|
||
MB System allowance for inventory obsolescence |
|
|
1,045 |
|
|
|
— |
|
Other nonrecurring expenses, net of credits |
|
|
— |
|
|
|
217 |
|
Tax impact of adjustments(1) |
|
|
(261 |
) |
|
|
(46 |
) |
Total adjustments, net of tax |
|
|
784 |
|
|
|
171 |
|
Non-GAAP Net income: |
|
$ |
588 |
|
|
$ |
2,326 |
|
|
|
|
|
|
|
|
||
|
|
September 30, 2026 |
|
|||||
|
|
2027 |
|
|
2026 |
|
||
|
|
|
|
|
|
|
||
Diluted earnings per share, as reported |
|
$ |
(0.02 |
) |
|
$ |
0.17 |
|
Total adjustments, net of tax |
|
|
0.06 |
|
|
|
0.01 |
|
Diluted earnings per share, as adjusted(2) |
|
$ |
0.05 |
|
|
$ |
0.18 |
|
|
|
|
|
|
|
|
||
(1) Tax impact is based on the estimated tax rate for the transition period ending December 31, 2026 and the fiscal year ended June 30, 2026. |
|
|||||||
(2) May not add due to rounding. |
|
|
|
|
|
|
||
Reconciliation of GAAP Gross Profit to Non-GAAP Gross Profit |
(Unaudited) |
|
|
Three Months Ended September 30, |
|
|||||
|
|
2026 |
|
|
2025 |
|
||
(In thousands, except percentage data) |
|
|
|
|
|
|
||
Revenue, net |
|
$ |
37,117 |
|
|
$ |
47,561 |
|
Cost of sales |
|
|
9,148 |
|
|
|
9,745 |
|
GAAP Gross profit |
|
|
27,969 |
|
|
|
37,816 |
|
GAAP Gross profit percentage |
|
|
75.4 |
% |
|
|
79.5 |
% |
|
|
|
|
|
|
|
||
Adjustments: |
|
|
|
|
|
|
||
MindBody GLP-1 System™ allowance for inventory obsolescence |
|
|
1,045 |
|
|
|
— |
|
GAAP Gross profit |
|
|
29,014 |
|
|
|
37,816 |
|
GAAP Gross profit percentage |
|
|
78.2 |
% |
|
|
79.5 |
% |