10-Q quarterly report · filed Nov 3, 2025

MEDIFAST INC (MED) Q3 2025 10-Q Quarterly Report

Short answer

MEDIFAST INC (MED) filed its Q3 2025 10-Q quarterly report on Nov 3, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $89M (down 36.2% year over year) with net income of −$2M.

Q3 2025 key financials · XBRL

Revenue
$89M
−36.2% YoY · −15.3% QoQ
Net income
−$2M
−300.6% YoY · −191.2% QoQ
Operating margin
-4.6%
Gross margin
69.5%
EPS (diluted)
−$0.20
−281.8% YoY · −190.9% QoQ

Source: XBRL data from the MEDIFAST INC (MED) Q3 2025 10-Q on SEC EDGAR. USD.

MEDIFAST INC Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $89.4M, down 36.2% YoY from $140.2M, driven by fewer active earning coaches
  • Gross margin 69.5% vs 75.4% YoY; operating margin (4.6%) vs 1.5%
  • Active earning coaches 19,500, down 35.0% from 30,000; revenue per coach $4,585 vs $4,672
  • Client acquisition pressured by rapid GLP-1 adoption and broader operating-environment challenges
  • Next-generation metabolic-health product line expected to launch next year; inflation and tariff uncertainty remain headwinds

Risk Factors

  • No risk-factors section provided; changes from the most recent 10-K cannot be assessed
  • Repurchase-plan risk: 1,323,568 shares remain eligible, with timing and pricing dependent on market conditions
  • Equity-plan dilution risk: 77 shares surrendered for employee and director tax-withholding obligations at $13.71 per share
  • Regulatory compliance: no director or officer adopted or terminated Rule 10b5-1 or non-Rule 10b5-1 arrangements during the quarter

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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