Medifast, Inc. (MED) quarterly income statement — complete revenue, gross profit & net income history
| Metric | 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 | Q2'21 |
|---|
| Sales/Revenue | 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 | 394.19M |
| Revenue Growth % | -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% | 79.18% |
| Cost of Goods Sold | 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 | 100.48M |
| COGS % of Revenue | 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% | 25.49% |
| Gross Profit | 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 | 293.71M |
| Gross Margin % | 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% | 74.51% |
| Gross Profit Growth % | -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% | 84.37% |
| Operating Expenses | 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 | 232.27M |
| OpEx % of Revenue | 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% | 58.92% |
| Selling, General & Admin | 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 | 232.27M |
| SG&A % of Revenue | 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% | 58.92% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -3.29M | -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 | 61.43M |
| Operating Margin % | -4.33% | -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% | 15.58% |
| Operating Income Growth % | -161.09% | -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% | 118.63% |
| EBITDA | -3.29M | -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 | 62.76M |
| EBITDA Margin % | -4.33% | -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% | 15.92% |
| EBITDA Growth % | -263.28% | -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% | 109.76% |
| D&A (Non-Cash Add-back) | 0 | 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 | 1.33M |
| EBIT | 0 | -7.8M | -2.66M | -1.07M | -1.26M | 709K | 2.11M | -7.88M | 7.94M | 8.68M | 25.51M | 38.71M | 53.51M | 32.64M | 48.16M | 48.96M | 55.07M | 46.84M | 55.29M | 61.41M |
| Net Interest Income | 0 | 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 | -67K |
| Interest Income | 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 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 181K | 182K | 261K | 164K | 95K | 93K | 94K | 67K |
| Other Income/Expense | 1.35M | 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 | -89K |
| Pretax Income | -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 | 61.34M |
| Pretax Margin % | -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% | 15.56% |
| Income Tax | 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 | 14.38M |
| Effective Tax Rate % | -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% | 23.44% |
| Net Income | -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 | 46.96M |
| Net Margin % | -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% | 11.91% |
| Net Income Growth % | -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% | 114.1% |
| Net Income (Continuing) | -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 | 46.96M |
| 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) | -0.19 | -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 | 3.96 |
| EPS Growth % | -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% | 112.9% |
| EPS (Basic) | -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 | 4.00 |
| Diluted Shares Outstanding | 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 | 11.86M |
| Basic Shares Outstanding | 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 | 11.75M |
| 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% | 35.57% |