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	289.4	441.75	649.45	955.61	911.36
Operating Income	-14.21	2.88	126.4	184.81	216.24
Interest Income	5.52	4.8	2.49	-0.7	-0.23
Other Non-Operating Income (Expense)	3.06	-3.9	-0.1	0.05	0.12
Total Non-Operating Income (Expense)	8.57	0.91	2.4	-0.66	-0.11
Pretax Income	-5.64	3.79	128.8	184.06	216.13
Provision for Income Taxes	13.03	1.7	29.38	40.49	52.1
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 Growth	-92.66%	-87.94%	-20.64%	194.83%	-56.69%
Free Cash Flow Per Share	0.11	1.55	12.93	15.78	5.11
Dividends 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%	0.48%	11.79%	11.56%	14.17%
Profit Margin	-4.84%	0.35%	9.27%	8.98%	10.75%
FCF Margin	0.32%	2.83%	13.17%	11.13%	3.95%
EBITDA	0.03	15.59	139.51	195.79	223.05
EBITDA Margin	0.01%	2.59%	13.01%	12.25%	14.62%
EBIT	-14.21	2.88	126.4	184.81	216.24
EBIT Margin	-3.68%	0.48%	11.79%	11.56%	14.17%
Effective Tax Rate	-231.12%	44.78%	22.81%	22.00%	24.11%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.