HealthWarehouse.com reported net sales of $15 million for Q1 2025, nearly tripling from $5.1 million in the same period last year.
The increase was driven by a 616% rise in its business-to-business (B2B) operations, where the company fulfills prescriptions — primarily GLP-1 medications — for telehealth providers and digital clinics. HealthWarehouse.com is an online pharmacy that serves more than 450,000 customers nationwide.
HealthWarehouse.com Q1 sales growth
Prescription sales reached $14.4 million, up 226% year over year. Most of that growth came from B2B partners relying on HealthWarehouse.com for cold-chain logistics and high-volume order processing. CEO Joseph Peters said the company’s infrastructure is proving scalable and dependable, allowing it to meet rising demand from health care partners.
While B2B sales surged, direct-to-consumer prescriptions declined 26% following reduced ad spending, and over-the-counter product sales dropped 12%.
Gross profit rose 54% to $4.5 million, though the gross margin fell to 30% from 58% due to lower-margin B2B products. Operating expenses increased 37%, driven by shipping and staffing costs. The company reported net income of $178,000 — its second straight quarterly profit — compared to a loss of $252,000 a year ago. Adjusted EBITDA rose to $521,000 from $90,000.
HealthWarehouse.com continues to invest in technology and operations to support growth in both its consumer and partner businesses.
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