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Lifevantage (LFVN): analysis traps
Where its figures could mislead a reader, and what to check before taking them at face value · Data: Q2 2026, to Jun 30, 2026, filed Aug 27, 2026; rules v1.1
Lifevantage (LFVN): 0 rules of 10 triggered on the filings to Jun 30, 2026. 2 to review; 5 with insufficient data; 2 not applicable. Each is a question to verify, with the normal explanation that would produce the same figures.
Check these first
Receivables growing = future cash is certain To review · confidence medium
Receivables outgrew revenue in Q2 2026 (-9% against -23%) and DSO is 6 against a median of 5; one quarter can be timing, so this is one to watch rather than a pattern.
Adjusted profit = economic profit To review · confidence low
Adjusted EPS was 10% or more above GAAP in 1 of the last 3 quarters: read the reconciliation before taking the adjusted figure.
Every rule
A01 FCF growth = the business improved Insufficient data
fewer than two fiscal years with operating cash flow and capital expenditure on file
A07 Stock compensation added back = no economic cost Insufficient data
fewer than two fiscal years of stock compensation and share counts on file
B02 Receivables growing = future cash is certain To review confidence medium
Receivables outgrew revenue in Q2 2026 (-9% against -23%) and DSO is 6 against a median of 5; one quarter can be timing, so this is one to watch rather than a pattern.
The figures and how they are read
| Quarter | Q2 2026 |
| Revenue, year over year | -23.1% |
| Receivables, year over year | -9.2% |
| Quarter before | Q1 2026 |
| Revenue y/y, quarter before | -25.2% |
| Receivables y/y, quarter before | -25.3% |
| Days sales outstanding | 5.8 |
| DSO, median of eight quarters | 4.8 |
| Receivables | $3M |
| Revenue | $42M |
receivables and revenue against the same quarter a year earlier; DSO = receivables / quarterly revenue × days, against the median of the eight quarters before
Source: Q2 2026 (receivables and revenue) · Q2 2025 (the same quarter a year earlier)
What would show the trap does not apply
- Receivables fall back in line with revenue in the next quarter and DSO returns to its history
- The 10-Q attributes the increase to a disclosed one-off (a large customer's timing, an acquisition) and the allowance for doubtful accounts did not rise
Look again: next filing.
B08 Adjusted profit = economic profit To review confidence low
Adjusted EPS was 10% or more above GAAP in 1 of the last 3 quarters: read the reconciliation before taking the adjusted figure.
The figures and how they are read
| Quarter / adjusted EPS / GAAP EPS / gap | 2025-09-30 / 0.18 / 0.17 / 0.056; 2025-12-31 / 0.15 / 0.02 / 0.867; 2026-03-31 / 0.12 / 0.11 / 0.083 |
| Quarters with adjusted ≥ 10% above GAAP | 1 |
| Quarters compared | 3 |
| Latest gap | +8.3% |
the analysts' 'actual' (usually the company's adjusted EPS) against GAAP net income ÷ diluted shares for the matching quarter; a gap of 10% or more counts (the stand-in until three releases' reconciliation tables are on file)
Source: 2025-09-30 (adjusted 0.18 vs GAAP 0.17) · 2025-12-31 (adjusted 0.15 vs GAAP 0.02) · 2026-03-31 (adjusted 0.12 vs GAAP 0.11)
What would show the trap does not apply
- The reconciliation shows the excluded items ending (a restructuring with its final charge, a settlement paid) and the gap to GAAP closes in the next quarters
- The excluded items are only amortisation of acquired intangibles and the cash paid for the deals is in the investing cash flow
Look again: next filing.
C02 Low net debt = no refinancing risk Insufficient data
no debt figure could be read from the balance sheet (the filing may tag it in other lines)
D03 EPS growth = profit growth Not triggered confidence high
EPS fell 59% and net income fell 61% in Q1 2026; the share count fell 4.8%: EPS growth follows profit growth.
The figures and how they are read
| Quarter | Q1 2026 |
| Quarter before | Q1 2025 |
| EPS, year before | $0.26 |
| EPS | $0.11 |
| Net income, year before | $3M |
| Net income | $1M |
| Diluted shares, year before | 13.3M shares |
| Diluted shares | 12.7M shares |
| EPS growth | -58.6% |
| Net income growth | -60.8% |
| Diluted shares: change | -4.8% |
| eps from profit | -$0.16 |
| eps from share count | $0.01 |
EPS and net income against the same quarter a year earlier; the EPS bridge attributes the change to profit first, then to the share count (the order is fixed and disclosed)
Source: Q1 2026 (net income, diluted shares, EPS) · Q1 2025 (the same quarter a year earlier)
E02 Low P/E at a cyclical peak = undervalued Insufficient data
no market value or trailing net income in the valuation research
E07 A precise DCF value = the true value Insufficient data
no DCF in the valuation research for this company
J06 A bank's low P/E and high profit = safe Not applicable
not a bank
J08 A REIT's low net income = the dividend is unsafe Not applicable
not a REIT
What the statuses mean
Triggered: the filings show the pattern; read the normal explanations and the missing evidence before concluding anything. To review: one quarter or a weak signal; a reader's judgement, not a pattern. Not triggered: the pattern is absent on these figures. Insufficient data: the filings read so far do not hold what the rule needs; this is not a clean bill. Not applicable: the rule is not meant for this kind of company (a bank's working capital, a loss-making quarter's EPS growth). Out of date: the latest filing is more than fifteen months old.
Severity is what the pattern could mean for cash, value or solvency; confidence is how reliable the inputs and the reading are. The two are kept apart.
Record a view
A reader's judgement, grounds, what would change it and the next review; kept in the browser (needs JavaScript).
Every rule and the companies it triggers on → Lifevantage: cash flow →
Each rule reads the company's own filings by a fixed formula and says what would explain the same figures innocently. A triggered rule is a question to verify, not a finding of manipulation, and not a view on the stock. Missing data is shown as missing, never as clear. Not investment advice.