Medifast Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	385.79	602.46	1,072	1,599	1,526
Revenue Growth (YoY)	-35.97%	-43.80%	-32.94%	4.75%	63.24%
Cost of Revenue	110.6	157.84	296.2	458.16	398.49
Gross Profit	275.19	444.62	775.85	1,140	1,128
Selling, General & Admin	285.1	424.64	644.85	951.11	906.96
Research & Development	4.3	4.6	4.6	4.5	4.4
Operating Expenses	289.4	429.24	649.45	955.61	911.36
Operating Income	-14.21	15.38	126.4	184.81	216.24
Interest Expense	-	-	-	-0.7	-0.23
Interest & Investment Income	5.52	4.8	2.49	-	-
Other Non Operating Income (Expenses)	3.06	-3.9	-0.1	-0.05	0.12
EBT Excluding Unusual Items	-5.64	16.29	128.8	184.06	216.13
Merger & Restructuring Charges	-	-12.5	-	-	-
Pretax Income	-5.64	3.79	128.8	184.06	216.13
Income Tax Expense	13.03	1.7	29.38	40.49	52.1
Earnings From Continuing Operations	-18.67	2.09	99.42	143.57	164.03
Net Income	-18.67	2.09	99.42	143.57	164.03
Net Income to Common	-18.67	2.09	99.42	143.57	164.03
Net Income Growth	-	-97.90%	-30.75%	-12.47%	59.47%
Shares Outstanding (Basic)	11	11	11	11	12
Shares Outstanding (Diluted)	11	11	11	11	12
Shares Change (YoY)	0.16%	0.39%	-3.15%	-4.55%	-0.31%
EPS (Basic)	-1.70	0.19	9.13	12.82	14.01
EPS (Diluted)	-1.70	0.19	9.10	12.73	13.89
EPS Growth	-	-97.91%	-28.52%	-8.35%	60.02%
Free Cash Flow	1.25	17.02	141.17	177.89	60.34
Free Cash Flow Per Share	0.11	1.55	12.93	15.78	5.11
Dividend Per Share	-	-	4.950	6.560	5.680
Dividend Growth	-	-	-24.54%	15.49%	25.66%
Gross Margin	71.33%	73.80%	72.37%	71.34%	73.89%
Operating Margin	-3.68%	2.55%	11.79%	11.56%	14.17%
Profit Margin	-4.84%	0.35%	9.27%	8.98%	10.75%
Free Cash Flow Margin	0.32%	2.83%	13.17%	11.13%	3.95%
EBITDA	0.03	28.09	139.51	195.79	223.05
EBITDA Margin	0.01%	4.66%	13.01%	12.25%	14.62%
D&A For EBITDA	14.24	12.71	13.11	10.98	6.81
EBIT	-14.21	15.38	126.4	184.81	216.24
EBIT Margin	-3.68%	2.55%	11.79%	11.56%	14.17%
Effective Tax Rate	-	44.79%	22.81%	22.00%	24.10%
Advertising Expenses	7.5	14.1	3.4	1.7	1.6

Source: S&P Global Market Intelligence. Standard template. Financial Sources.