Medifast, Inc. (MED)

Medifast Balance Sheet

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

Fiscal Quarter	Q4 2025	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
Period Ending	Dec 31, 2025	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
Cash & Equivalents	89.3	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
Short-Term Investments	77.97	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
Cash & Short-Term Investments	167.27	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
Cash Growth	3.04%	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%
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.09
Inventory	20.23	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
Prepaid Expenses	9.07	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
Other Current Assets	5.12	4.3	4.51	-	-	8.23	8.73	5.47	8.73	-	-	-	-	0.15	8.55	-	0.95	-	-	-
Total Current Assets	201.68	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
Property, Plant & Equipment	38.46	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
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
Other Long-Term Assets	7.83	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
Total Assets	247.97	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
Accounts Payable	38.36	41.24	40.26	51.82	56.49	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
Accrued Expenses	-	-	-	-	-	-	-	-	36.48	-	-	-	49.03	-	-	-	67.18	-	-	-
Short-Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27	-	-	-	-	-
Current Portion of Leases	4.6	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
Current Income Taxes Payable	-	-	-	2.63	1.49	-	-	-	-	1.42	4.3	13.03	0.43	-	-	-	-	-	-	-
Current Unearned Revenue	-	-	-	-	-	-	-	-	0.57	-	-	-	7.36	-	-	-	8.05	-	-	-
Other Current Liabilities	-	-	-	-	-	-	-	-	10.17	-	-	-	25.19	-	-	-	17.19	-	-	-
Total Current Liabilities	42.96	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
Long-Term Leases	6.09	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
Total Liabilities	49.05	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
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	40.41	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
Retained Earnings	158.27	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
Treasury Stock	-	-	-	-	-	-	-	-	-	-	-	-	-6.4	-	-	-	-	-	-1.35	-12.5
Comprehensive Income & Other	0.23	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
Shareholders' Equity	198.92	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
Total Liabilities & Equity	247.97	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
Total Debt	10.69	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
Net Cash (Debt)	156.58	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
Net Cash Growth	7.08%	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%
Net Cash Per Share	14.25	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
Filing Date Shares Outstanding	10.31	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
Total Common Shares Outstanding	10.31	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
Working Capital	158.72	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
Book Value Per Share	19.29	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
Tangible Book Value	198.92	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
Tangible Book Value Per Share	19.29	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
Land	0.35	-	-	-	0.35	-	-	-	0.57	-	-	-	0.57	-	-	-	0.57	-	-	-
Buildings	21.74	-	-	-	21.35	-	-	-	24.5	-	-	-	25.91	-	-	-	23.52	-	-	-
Machinery	46.15	-	-	-	44.97	-	-	-	50.44	-	-	-	49.38	-	-	-	42.85	-	-	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q