Medifast, Inc. (MED)

Medifast Balance Sheet

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

Fiscal Quarter	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021	Q4 2020
Period Ending	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020
Cash & Equivalents	99.53	101.69	91.72	90.93	115.31	108.02	97.47	94.44	112.75	147.41	123.75	87.69	69.71	61.07	118	104.18	154.52	191.99	206.03	163.72
Short-Term Investments	73.99	60.98	72.88	71.42	54.65	55.49	58.96	55.6	45.01	-	-	-	-	-	4.06	5.36	5.38	5.44	6.88	10.75
Cash & Short-Term Investments	173.51	162.67	164.59	162.34	169.96	163.51	156.43	150.04	157.76	147.41	123.75	87.69	69.71	61.07	122.06	109.54	159.9	197.43	212.91	174.48
Cash Growth	2.09%	-0.51%	5.22%	8.20%	7.73%	10.92%	26.41%	71.10%	126.31%	141.38%	1.38%	-19.95%	-56.40%	-69.07%	-42.67%	-37.21%	-5.90%	35.79%	102.27%	88.26%
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.09	-
Inventory	23.21	30.2	39.36	42.42	40.1	39.6	46.27	54.59	58.23	68.9	96.9	118.86	145.28	156.97	188.97	180.04	129.61	95.79	62.23	53.39
Prepaid Expenses	6.82	9.05	9.57	9.64	6.7	12.48	11.41	10.67	8.29	12.52	9.67	16.24	14.45	16.71	13.23	16.33	11.54	11.1	6.63	6.45
Other Current Assets	4.3	4.51	-	-	8.23	8.73	5.47	8.73	-	-	-	-	0.15	8.55	-	0.95	-	-	-	-
Total Current Assets	207.84	206.44	213.52	214.4	224.98	224.32	219.58	224.03	224.28	228.82	230.32	222.78	229.58	243.3	324.26	306.87	301.05	304.32	281.86	234.31
Property, Plant & Equipment	41.24	43.45	46.32	48.68	51.29	53.34	65.52	67.11	69.17	71.11	73.05	75.65	77.93	79.89	80.75	80.59	63.19	55.44	40.73	38.14
Long-Term Deferred Tax Assets	12.11	11.46	11.44	11.46	4	4.11	4.01	4.12	10.83	4.53	4.53	5.33	6.15	4.4	4.4	4.4	0.69	0.69	0.69	0.69
Other Long-Term Assets	7.02	7.98	8.73	9.67	10.97	11.77	13.65	14.65	15.75	14.27	13.71	12.46	12.69	12.96	12.03	6.47	6.44	3.78	3.11	2.94
Total Assets	268.21	269.33	280.01	284.21	291.24	293.53	302.76	309.91	320.02	318.73	321.61	316.21	326.35	340.55	421.44	398.33	371.37	364.23	326.4	276.08
Accounts Payable	41.24	40.26	51.82	23.05	66.27	69.15	71.23	39.19	103.22	105.19	113.3	53.12	148.13	154.78	174.37	70.89	155.51	149.02	141.25	36.09
Accrued Expenses	-	-	-	23.3	-	-	-	36.48	-	-	-	49.03	-	-	-	67.18	-	-	-	50.15
Short-Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	27	-	-	-	-	-	-
Current Portion of Leases	5.47	5.92	6.16	6.18	6.11	6.03	5.96	5.89	5.47	5.41	5.41	5.78	6.13	6.38	6.66	6.52	5.4	4.96	3.65	3.67
Current Income Taxes Payable	-	-	2.63	1.49	-	-	-	-	1.42	4.3	13.03	0.43	-	-	-	-	-	-	-	-
Current Unearned Revenue	-	-	-	0.32	-	-	-	0.57	-	-	-	7.36	-	-	-	8.05	-	-	-	7.61
Other Current Liabilities	-	-	-	9.82	-	-	-	10.17	-	-	-	25.19	-	-	-	17.19	-	-	-	13.83
Total Current Liabilities	46.71	46.18	60.6	64.16	72.38	75.18	77.19	92.3	110.11	114.9	131.74	140.89	154.26	188.16	181.03	169.83	160.91	153.98	144.9	111.35
Long-Term Leases	6.79	7.14	8.45	9.94	11.52	13.07	14.61	16.13	16.87	18.27	18.96	20.28	21.57	22.91	24.38	26.02	14.22	15.57	6.6	7.49
Total Liabilities	53.5	53.33	69.05	74.1	83.9	88.25	91.8	108.43	126.98	133.16	150.71	161.17	175.83	211.07	205.41	195.85	175.13	169.55	151.5	118.84
Common Stock	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Additional Paid-In Capital	38.23	37.32	34.7	33.14	31.01	30.4	27.96	26.57	24.11	21.54	19.03	21.56	18.62	-	12.83	12.02	12.95	10.61	8.71	7.84
Retained Earnings	176.24	178.49	176.01	176.78	175.98	174.85	182.97	174.65	168.78	163.89	151.83	139.85	131.5	129.2	203.05	190.33	183.16	185.34	178.56	154.35
Treasury Stock	-	-	-	-	-	-	-	-	-	-	-	-6.4	-	-	-	-	-	-1.35	-12.5	-5
Comprehensive Income & Other	0.22	0.18	0.24	0.18	0.35	0.03	0.02	0.25	0.14	0.12	0.03	0.02	0.39	0.27	0.13	0.11	0.12	0.08	0.1	0.04
Shareholders' Equity	214.71	216.01	210.96	210.11	207.34	205.28	210.96	201.48	193.04	185.56	170.9	155.04	150.52	129.48	216.02	202.47	196.24	194.69	174.89	157.25
Total Liabilities & Equity	268.21	269.33	280.01	284.21	291.24	293.53	302.76	309.91	320.02	318.73	321.61	316.21	326.35	340.55	421.44	398.33	371.37	364.23	326.4	276.08
Total Debt	12.26	13.07	14.61	16.13	17.63	19.1	20.57	22.01	22.34	23.67	24.38	26.05	27.7	56.29	31.04	32.54	19.62	20.52	10.25	11.16
Net Cash (Debt)	161.25	149.61	149.98	146.22	152.33	144.41	135.86	128.03	135.42	123.73	99.37	61.64	42.01	4.78	91.02	77	140.27	176.9	202.66	163.31
Net Cash Growth	5.86%	3.60%	10.40%	14.21%	12.49%	16.71%	36.72%	107.70%	222.34%	2490.14%	9.18%	-19.95%	-70.05%	-97.30%	-55.09%	-52.85%	-11.12%	32.63%	119.20%	106.53%
Net Cash Per Share	14.67	13.53	13.70	13.31	13.88	13.20	12.40	11.71	12.39	11.33	9.12	5.61	3.80	0.42	7.82	6.58	11.90	14.92	17.06	13.76
Filing Date Shares Outstanding	10.28	10.27	10.34	10.66	10.65	10.65	10.7	10.78	10.78	10.77	10.78	10.78	10.86	10.96	11.47	11.5	11.57	11.69	11.71	11.72
Total Common Shares Outstanding	10.28	10.27	10.34	10.66	10.65	10.65	10.7	10.78	10.78	10.77	10.78	10.81	10.87	10.96	11.51	11.55	11.58	11.69	11.71	11.72
Working Capital	161.13	160.26	152.93	150.24	152.6	149.14	142.4	131.73	114.16	113.92	98.58	81.89	75.33	55.14	143.23	137.03	140.14	150.34	136.96	122.96
Book Value Per Share	20.89	21.03	20.40	19.71	19.47	19.27	19.73	18.69	17.91	17.23	15.85	14.34	13.85	11.82	18.77	17.53	16.95	16.66	14.94	13.41
Tangible Book Value	214.71	216.01	210.96	210.11	207.34	205.28	210.96	201.48	193.04	185.56	170.9	155.04	150.52	129.48	216.02	202.47	196.24	194.69	174.89	157.25
Tangible Book Value Per Share	20.89	21.03	20.40	19.71	19.47	19.27	19.73	18.69	17.91	17.23	15.85	14.34	13.85	11.82	18.77	17.53	16.95	16.66	14.94	13.41
Land	-	-	-	0.35	-	-	-	0.57	-	-	-	0.57	-	-	-	0.57	-	-	-	0.57
Buildings	-	-	-	21.35	-	-	-	24.5	-	-	-	25.91	-	-	-	23.52	-	-	-	13.01
Machinery	-	-	-	44.97	-	-	-	50.44	-	-	-	49.38	-	-	-	42.85	-	-	-	21.1

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q