MEDIFAST INC

Listed Company

MEDCIK 0000910329NYSEAcceleratedSmaller ReportingMiscellaneous Food Preparations & Kindred ProductsDelawareFY ends Dec 31

Period

FY 2025

Revenue

$385.79M

Net Income

$-18.67M

Total Assets

$247.97M

Equity

$198.92M

Shares Out

10.99M

Op. Cash Flow

$6.86M

Business

MEDIFAST INC is a health and wellness company that operates the habit-based, coach-guided OPTAVIA lifestyle solution. It offers clinically developed nutrition products and lifestyle plans, including OPTAVIA Fuelings, OPTAVIA ACTIVE, OPTAVIA ASCEND mini meals, daily nutrient packs, and multiple evidence-based weight loss and maintenance programs. The business centers on an integrated coach model and related operations conducted through subsidiaries (including Jason Pharmaceuticals and OPTAVIA LLC) that combine coaching, community, product manufacturing, and clinician access via a LifeMD collaboration. Medifast primarily serves U.S. consumers through a direct-to-consumer model supported by independent OPTAVIA coaches who market via word-of-mouth, social media, and digital channels, with products shipped directly to customers.

Summary from filing dated 2025-02-18

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	386	602	1,072	1,599	1,526
Cost of sales	111	158	296	458	398
Gross profit	275	445	776	1,140	1,128
Selling, general, and administrative	289	442	649	956	911
Income (loss) from operations	−14	3	126	185	216
Interest income	6	5	2	−701,000	−231,000
Other income (expense)	3	−4	−95,000	−46,000	119,000
Total other income (expense)	9	909,000	2	−747,000	−112,000
Income (loss) before provision for income taxes	−6	4	129	184	216
Income Tax Expense (Benefit)	13	2	29	40	52
Net income (loss)	−19	2	99	144	164
Basic (in usd per share)	−1.7	0.19	9.13	12.82	14.01
Diluted (in usd per share)	−1.7	0.19	9.1	12.73	13.89
Basic (in shares)	11	11	11	11	12
Diluted (in shares)	11	11	11	11	12
Cash dividends declared per share (in usd per share)	0	0	4.95	6.56	5.68

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	89	91	94	88	104
Inventories, net	20	42	55	119	180
Investments	78	71	56	0	5
Income taxes, prepaid	5	0	9	0	945,000
Prepaid expenses and other current assets	9	10	11	16	16
Total current assets	202	214	224	223	307
Property, plant and equipment - net of accumulated depreciation	31	38	51	57	56
Right-of-use assets	7	11	16	18	24
Other assets	8	10	15	12	6
Deferred tax assets, net	0	11	4	5	4
TOTAL ASSETS	248	284	310	316	398
Accounts payable and accrued expenses	38	56	86	135	163
Income taxes payable	0	1	—	—	—
Current lease obligations	5	6	6	6	7
Total current liabilities	43	64	92	141	170
Lease obligations, net of current lease obligations	6	10	16	20	26
Total liabilities	49	74	108	161	196
Commitments (Note 12)	—	—	—	—	—
Common stock, par value 0.001 per share: 20,000 shares authorized; 10,991 and 10,938 issued and outstanding at December 31, 2025 and December 31, 2024	11,000	11,000	11,000	11,000	12,000
Additional paid-in capital	40	33	27	22	12
Accumulated other comprehensive income	234,000	180,000	248,000	24,000	111,000
Retained earnings	158	177	175	140	190
Total stockholders' equity	199	210	201	155	202
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	248	284	310	316	398
Common stock, outstanding (in shares)	11	11	11	11	12

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	14	13	13	11	7
Non-cash lease expense	5	4	5	6	5
Share-based compensation	8	7	8	11	10
Loss on sale of disposal of property, plant and equipment	1	89,000	1	2	2,000
Realized gain on sale of investment securities	−3	−95,000	0	0	—
Amortization of discount on investment securities	−671,000	−799,000	−169,000	14,000	89,000
Deferred income taxes	11	−7	1	−924,000	−4
Unrealized (gain) loss on equity investment securities	−17,000	4	−150,000	0	—
Non-cash charges for supply chain optimization	0	12	0	0	—
Inventories	22	12	64	61	−127
Income taxes	−7	10	−9	1	−945,000
Prepaid expenses and other current assets	573,000	2	6	97,000	−10
Other assets	−2	396,000	−5	−3	−5
Accounts payable and accrued expenses	−24	−35	−36	−38	54
Net cash flow provided by operating activities	7	24	148	195	95
Purchase of investment securities	−84	−47	−60	0	0
Proceeds from sale and maturities of investment securities	82	28	5	5	5
Purchase of property and equipment	−6	−7	−6	−17	−34
Net cash flow used in investing activities	−8	−27	−61	−11	−29
Options exercised by executives and directors	0	36,000	188,000	0	800,000
Net shares repurchased for employee taxes	−369,000	−836,000	−3	−2	−6
Cash dividends paid to stockholders	−195,000	−715,000	−73	−72	−64
Stock repurchases	0	0	−4	−126	−56
Net cash flow used in financing activities	−564,000	−2	−80	−200	−125
Foreign currency impact	4,000	47,000	−72,000	−67,000	112,000
Increase (Decrease) in cash and cash equivalents	−2	−4	7	−16	−60
Income taxes (refunded) paid	11	−2	34	37	—

Filings

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