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Medifast 2025 Financial Results & 2026 Outlook

Medifast Reports Q4 and Full-Year 2025 Results, Prepares for 2026 Growth

Baltimore, MD – 2026 – Medifast (NYSE: MED), known for its science-backed, coach-guided lifestyle system, announced its financial results for the fourth quarter and full year ending December 31, 2025.

The company highlighted improvements in coach productivity, positive momentum in coach-led meetings, and a strong balance sheet as it executes its strategy to become a leading metabolic health company.

Fourth Quarter 2025 Highlights

  • Revenue: $75.1 million

     

  • Revenue per active earning coach: $4,664

     

  • Active independent earning coaches: 16,100

     

  • Net loss: $18.1 million, or $1.65 per diluted share, including a $12.1 million non-cash tax provision
Dan Chard CEO of Medifast smiling in official corporate headshot wearing navy suit and patterned tie
  • Cash & Investments: $167.3 million, with no debt

Chairman and CEO, Dan Chard, said:

“In Q4, coach productivity turned positive year-over-year for the first time since 2022, historically a lead indicator of broader improvement. Coach-led meetings also increased significantly, showing our coach base is energized and focused on future opportunities.”

Full-Year 2025 Performance

  • Revenue: $385.8 million

  • Net loss: $18.7 million, or $1.70 per diluted share, including the non-cash tax provision

Dan Chard added:

“Our foundational work over the past two years has set a clear direction for growth. With plans in place, we are reinstating annual guidance and executing on our strategy to become a metabolic health company.”

Strong Balance Sheet and Capital Position

Medifast’s financial position remains robust:

  • Cash, cash equivalents, and investment securities: $167.3 million (up from $162.3 million in 2024)

  • Debt: $0

  • Working capital: $158.7 million, compared to $150.2 million in 2024

This strong capital base supports ongoing business transformation initiatives and strategic growth investments.

2026 Outlook

  • Q1 2026 Revenue: $65 million – $80 million

  • Q1 2026 Loss per Share: $0.15 – $0.70

  • Full-Year 2026 Revenue: $270million – $300 million

  • Full-Year 2026 Loss per Share: $1.55 – $2.75

The company expects continued momentum from coach engagement and the execution of its metabolic health strategy to support future growth.

About Medifast

Medifast is a science-backed health and wellness company offering a coach-guided lifestyle system designed to address metabolic dysfunction. Its approach integrates:

  • Personalized nutrition and lifestyle plans

  • Scientifically developed products

  • Habit creation frameworks supported by a network of independent coaches

The company’s Metabolic Synchronization™ program targets metabolic dysfunction, supporting fat burn, preserving lean mass, and improving body composition.

Get more information

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