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Companies / Consumer Staples / Medifast, Inc.
MED

Medifast, Inc.

Consumer StaplesFood Products
Ticker MEDBALTIMORE, MDFiscal year ends DecemberBook value per share $16.23Diluted shares 11.1M

Medifast, Inc. (NYSE: MED) is a health and wellness company focused on weight loss and metabolic health through nutrition products, lifestyle plans, coaching and community support. Its OPTAVIA programs combine personalized guidance from independent coaches, healthy-habit education and tailored meal plans, including… From the company’s description.

Over the twelve months to Sep 30, 2026, Medifast, Inc. reported revenue of $299.57M, down 30.3% from a year earlier, and a net loss of $40.85M. Its operating margin was −11.6%, and operations used $0.03M in cash. In fiscal 2025, it reported revenue of $385.79M, down 36.0% from fiscal 2024, and a net loss of $18.67M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$385.79MFY2025
−36.0% year over year
Last 12 mo $299.57M
-3.68%FY2025
−4.2 percentage points
Last 12 mo -11.61%
$-18.67MFY2025
−993.0% year over year
Last 12 mo $-40.85M
-9.39%FY2025
−10.4 percentage points
Last 12 mo -22.66%
Cash & financing
$6.86MFY2025
−72.0% year over year
Last 12 mo $-0.03M
$1.25MFY2025
−92.7% year over year
Last 12 mo $-3.87M
—
11.0MFY2025
+0.2% year over year
Last 12 mo 11.1M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Medifast, Inc. does

In the company’s own words

Medifast, Inc. (NYSE: MED) is a health and wellness company focused on weight loss and metabolic health through nutrition products, lifestyle plans, coaching and community support. Its OPTAVIA programs combine personalized guidance from independent coaches, healthy-habit education and tailored meal plans, including options for clients using GLP-1 medications. Products include OPTAVIA Fuelings, protein and amino-acid products under OPTAVIA ACTIVE, and high-protein mini meals and supplements under OPTAVIA ASCEND; customers are individuals seeking weight management and broader health and wellness support. The company sells directly to individual customers, with products shipped to them rather than handled by coaches. Its proprietary Habits of Health Transformational System supports behavior change and long-term healthy routines. Medifast operates through wholly owned subsidiaries, including Jason Pharmaceuticals, which manufactures products at its Maryland facility; co-manufacturers produce the rest. The company reports one operating business rather than separate reportable segments. At year-end 2025, its network included approximately 16,100 active earning independent coaches, and its programs had served more than 3 million people. Its website is https://www.medifastinc.com/.

Company details
Sector
Consumer Staples
Industry (SIC)
Food Products
Headquarters
BALTIMORE, MD
Fiscal year end
December
CIK
910329
SIC
2090

Financial performance, year by year

Fiscal 2011–2025 · USD
$-204.79M$287.03M$778.86M$1.27B$1.76B201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Medifast, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

96
funds hold it
0 of 35
superinvestors hold it
$30.30M
held by funds, at market
23.6%
of shares held by funds

Largest fund holders · Medifast, Inc.’s weight in each

Schwab Fundamental U.S. Small Company ETF
FNDA · SCHWAB STRATEGIC TRUST
—of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
Avantis U.S. Small Cap Value ETF
AVUV · American Century ETF Trust
—of fund net assets
VANGUARD CONSUMER STAPLES INDEX FUND
VDC · VANGUARD WORLD FUND
—of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Medifast, Inc. and its peers compare on margins and cash generation over ten years?”
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