Medifast, Inc. (MED) Quarterly Income Statement

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Medifast, Inc. (MED) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

MED Income Statement

Medifast, Inc. (MED) annual income statement — 30-year revenue, gross profit & net income history

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21

Sales/Revenue	76.38M	76.04M	75.1M	89.41M	105.56M	115.73M	119M	140.16M	168.56M	174.74M	191.01M	235.87M	296.19M	348.98M	337.25M	390.4M	453.33M	417.6M	377.83M	413.39M
Revenue Growth %	-27.64%	-34.29%	-36.9%	-36.21%	-37.38%	-33.77%	-37.7%	-40.58%	-43.09%	-49.93%	-43.36%	-39.58%	-34.66%	-16.43%	-10.74%	-5.56%	15%	22.58%	42.63%	52.28%
Cost of Goods Sold	22.99M	24.29M	22.96M	27.25M	28.91M	31.48M	30.78M	34.49M	45.12M	47.45M	49.65M	58.49M	85.47M	102.59M	103.65M	107.55M	131.65M	115.31M	99.55M	106.34M
COGS % of Revenue	30.1%	31.94%	30.57%	30.48%	27.39%	27.2%	25.87%	24.61%	26.77%	27.15%	25.99%	24.8%	28.86%	29.4%	30.73%	27.55%	29.04%	27.61%	26.35%	25.72%
Gross Profit	53.4M	51.76M	52.14M	62.16M	76.64M	84.25M	88.22M	105.67M	123.44M	127.29M	141.37M	177.38M	210.72M	246.39M	233.6M	282.85M	321.68M	302.29M	278.29M	307.06M
Gross Margin %	69.9%	68.06%	69.43%	69.52%	72.61%	72.8%	74.13%	75.39%	73.23%	72.85%	74.01%	75.2%	71.14%	70.6%	69.27%	72.45%	70.96%	72.39%	73.65%	74.28%
Gross Profit Growth %	-30.33%	-38.56%	-40.9%	-41.18%	-37.91%	-33.82%	-37.6%	-40.42%	-41.42%	-48.34%	-39.48%	-37.29%	-34.5%	-18.49%	-16.06%	-7.88%	9.52%	21.62%	39.67%	50.49%
Operating Expenses	57.72M	52.85M	59.94M	66.24M	77.71M	85.51M	87.51M	103.57M	131.31M	119.35M	132.69M	151.87M	172.01M	192.88M	201M	234.69M	272.72M	247.2M	231.45M	251.89M
OpEx % of Revenue	75.57%	69.5%	79.82%	74.09%	73.62%	73.89%	73.54%	73.89%	77.9%	68.3%	69.47%	64.39%	58.07%	55.27%	59.6%	60.12%	60.16%	59.2%	61.26%	60.93%
Selling, General & Admin	57.72M	55.05M	59.94M	66.24M	77.71M	85.51M	87.51M	103.57M	131.31M	119.35M	132.69M	151.87M	172.01M	192.88M	201M	234.69M	272.72M	247.2M	231.45M	251.89M
SG&A % of Revenue	75.57%	72.39%	79.82%	74.09%	73.62%	73.89%	73.54%	73.89%	77.9%	68.3%	69.47%	64.39%	58.07%	55.27%	59.6%	60.12%	60.16%	59.2%	61.26%	60.93%
Research & Development	0	1.1M	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	1.45%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	-1000K	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	-4.33M	-1.09M	-7.8M	-4.08M	-1.07M	-1.26M	709K	2.11M	-7.88M	7.94M	8.68M	25.51M	38.71M	53.51M	32.6M	48.16M	48.96M	55.09M	46.84M	55.17M
Operating Margin %	-5.66%	-1.44%	-10.39%	-4.56%	-1.01%	-1.09%	0.6%	1.5%	-4.67%	4.54%	4.54%	10.81%	13.07%	15.33%	9.67%	12.34%	10.8%	13.19%	12.4%	13.35%
Operating Income Growth %	-305.91%	13.23%	-1200.56%	-293.78%	86.47%	-115.89%	-91.83%	-91.74%	-120.35%	-85.16%	-73.39%	-47.03%	-20.95%	-2.86%	-30.4%	-12.72%	-20.3%	4.33%	23.36%	23.82%
EBITDA	-2.99M	2.39M	-4.34M	-629K	2.98M	2.02M	3.89M	5.3M	-4.81M	11.2M	12.03M	28.92M	42.07M	56.48M	35.55M	51.01M	51.7M	57.53M	51.44M	56.48M
EBITDA Margin %	-3.92%	3.14%	-5.78%	-0.7%	2.82%	1.74%	3.27%	3.78%	-2.85%	6.41%	6.3%	12.26%	14.21%	16.19%	10.54%	13.07%	11.4%	13.78%	13.62%	13.66%
EBITDA Growth %	-200.4%	18.34%	-211.4%	-111.87%	161.95%	-81.98%	-67.63%	-81.67%	-111.43%	-80.17%	-66.17%	-43.3%	-18.61%	-1.82%	-30.89%	-9.7%	-17.63%	6.69%	28.68%	21.9%
D&A (Non-Cash Add-back)	0	3.48M	3.46M	3.45M	4.04M	3.28M	3.19M	3.19M	3.07M	3.26M	3.35M	3.41M	3.37M	2.97M	2.95M	2.85M	2.73M	2.44M	4.61M	1.31M
EBIT	-2.99M	-1.94M	-6.38M	-2.66M	2.88M	526K	1.27M	1.58M	-10.65M	11.59M	8.68M	25.51M	38.71M	53.51M	32.64M	48.16M	48.96M	55.07M	46.84M	55.29M
Net Interest Income	1.35M	1.38M	1.42M	1.43M	1.37M	1.3M	953K	1.33M	1.3M	1.22M	1.18M	1.03M	462K	-181K	-182K	-261K	-164K	-95K	-93K	-94K
Interest Income	1.35M	1.38M	1.42M	1.43M	1.37M	1.3M	953K	1.33M	1.3M	1.22M	1.18M	1.03M	462K	0	0	0	0	0	0	0
Interest Expense	0	0	0	0	0	0	0	0	0	0	0	0	0	181K	182K	261K	164K	95K	93K	94K
Other Income/Expense	1.34M	-846K	1.42M	1.42M	3.94M	1.79M	566K	-528K	-2.77M	3.65M	1.13M	1.04M	411K	-182K	-191K	-278K	-168K	-111K	-86K	21K
Pretax Income	-2.99M	-1.94M	-6.38M	-2.66M	2.88M	526K	1.27M	1.58M	-10.65M	11.59M	9.8M	26.55M	39.12M	53.33M	32.41M	47.88M	48.8M	54.98M	46.75M	55.19M
Pretax Margin %	-3.92%	-2.55%	-8.5%	-2.97%	2.72%	0.45%	1.07%	1.13%	-6.32%	6.63%	5.13%	11.26%	13.21%	15.28%	9.61%	12.26%	10.76%	13.16%	12.37%	13.35%
Income Tax	109K	181K	11.74M	-396K	395K	1.3M	474K	449K	-2.5M	3.27M	3.77M	3.42M	8.84M	13.36M	5.89M	11.72M	9.68M	13.2M	12.73M	13.21M
Effective Tax Rate %	-3.64%	-9.33%	-183.91%	14.9%	13.74%	246.77%	37.18%	28.45%	23.44%	28.22%	38.43%	12.87%	22.59%	25.05%	18.17%	24.49%	19.84%	24%	27.23%	23.93%
Net Income	-3.1M	-2.12M	-18.12M	-2.26M	2.48M	-772K	801K	1.13M	-8.15M	8.32M	6.04M	23.13M	30.28M	39.97M	26.52M	36.16M	39.11M	41.78M	34.02M	41.98M
Net Margin %	-4.06%	-2.79%	-24.13%	-2.53%	2.35%	-0.67%	0.67%	0.81%	-4.84%	4.76%	3.16%	9.81%	10.22%	11.45%	7.86%	9.26%	8.63%	10.01%	9%	10.16%
Net Income Growth %	-225%	-174.87%	-2362.05%	-300.27%	130.41%	-109.28%	-86.73%	-95.12%	-126.93%	-79.19%	-77.24%	-36.02%	-22.58%	-4.34%	-22.06%	-13.88%	-16.72%	1.75%	21.54%	21.85%
Net Income (Continuing)	-3.1M	-2.12M	-18.12M	-2.26M	2.48M	-772K	801K	1.13M	-8.15M	8.32M	6.04M	23.13M	30.28M	39.97M	26.52M	36.16M	39.11M	41.78M	34.02M	41.98M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)	-0.28	-0.19	-1.65	-0.21	0.22	-0.07	0.07	0.10	-0.75	0.76	0.50	2.12	2.77	3.67	2.39	3.27	3.42	3.59	2.89	3.56
EPS Growth %	-227.27%	-171.43%	-2457.14%	-310%	129.33%	-109.21%	-86%	-95.28%	-127.08%	-79.29%	-79.08%	-35.17%	-19.01%	2.23%	-17.3%	-8.15%	-13.64%	3.76%	22.46%	22.34%
EPS (Basic)	-0.28	-0.19	-1.65	-0.21	0.23	-0.07	0.07	0.10	-0.75	0.76	0.50	2.12	2.78	3.68	2.40	3.30	3.44	3.62	2.91	3.59
Diluted Shares Outstanding	11.13M	11.01M	10.99M	10.99M	11.06M	10.95M	10.98M	10.97M	10.94M	10.96M	10.94M	10.93M	10.92M	10.9M	11.09M	11.04M	11.44M	11.64M	11.79M	11.79M
Basic Shares Outstanding	11.13M	11.01M	10.99M	10.99M	10.99M	10.95M	10.94M	10.94M	10.94M	10.91M	10.89M	10.89M	10.89M	10.86M	11.03M	10.96M	11.35M	11.56M	11.69M	11.69M
Dividend Payout Ratio	-	-	-	-	0.04%	-	-	0.09%	-	8.54%	297.9%	78%	58.89%	47.95%	67.58%	50.01%	48.47%	39.87%	50%	39.9%