FitLife Brands Q1 Revenue Jumps 59%, Erwin April Sales Reach $900K
FitLife Brands reported a 59% year-over-year increase in Q1 revenue, driven by Erwin acquisition, with wholesale sales jumping 166% and online revenue up 6%. Gross margin fell to 37.6% from 43.1%, and net income dipped to $1.7 million due to higher amortization and interest expenses.
1. Strong Revenue Growth
FitLife Brands achieved a 59% increase in total revenue for Q1 2026, driven largely by its acquisition of Erwin, which bolstered overall top-line performance compared to the first quarter of 2025.
2. Wholesale and Online Breakdown
Wholesale revenue surged 166% year-over-year, while online revenue climbed 6%, reflecting a mix of legacy FitLife operations and newly integrated Erwin channels.
3. Margin Compression and Profit Impact
Gross margin declined from 43.1% to 37.6% as Erwin’s lower margins weighed on consolidated profitability, and net income fell to $1.7 million from $2.0 million due to increased amortization and interest costs.
4. Outlook for Erwin Business
Erwin's Amazon segment generated approximately $900,000 in April, and management expects monthly revenue to exceed $1 million as out-of-stock issues are resolved and expansion into Canada and increased advertising efforts drive growth.