LifeVantage Reports Declining Revenue and Earnings for Q4 2026
LifeVantage (LFVN) reported a significant decline in revenue during the fourth quarter of fiscal year 2026, with net revenue falling to $42.4 million—a 23.1% decrease from the prior year period. The drop was attributed to fewer orders and lower average order sizes across both Americas ($32.7 million) and Asia-Pacific/Europe regions ($9.7 million). Despite a slight improvement in gross margin (78%) compared to last year, GAAP net income fell by 35% to $1.3 million or $0.10 per diluted share. Adjusted non-GAAP net income also declined from $2.3 million to $1.4 million ($0.17 to $0.11 per share). Adjusted EBITDA dropped significantly, falling 43% year-over-year to $2.7 million or 6.5% of revenue. The company ended the fiscal year with $14.9 million in cash and no debt but reported a full-year revenue decline of 20.1%, driven by reduced sales from its MindBody GLP-1 System. Despite these challenges, LifeVantage maintained strong customer retention for subscription-based services (over 75% of total revenue) and continued to invest in technology infrastructure with $3.6 million spent on capital expenditures during fiscal 2026.
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