Medifast, Inc.
Built from real-time financials, refreshed daily. For a full Analyst Grade with bull/bear case, price targets, and qualitative risk analysis, generate a MED research report →
Range $12 – $150
Price Chart
About the company
Medifast, Inc. , through its various divisions, develops and provides a range of consumable health and nutritional items tailored for weight loss, weight management, and general wellness. These products are distributed across the United States and the Asia-Pacific region.
- CEO
- Nicholas Johnson
- IPO
- 1993
- Employees
- 380
- HQ
- Baltimore, MD, US
AI snapshot
Six angles, distilled from the data.
The stock is in a recovery phase after a deep 52-week drawdown, but it still trades well below the yearly high of $14.15. Price is holding above the 200-day average at $11.26 and near the 50-day at $11.58, which points to a basing pattern rather than a fresh breakout.
Street sentiment is cautious: consensus sits at Hold with a $12 target, only modestly above the last close. Recent target work has trended lower, including Stephens cutting to $12 from $15 in February 2026, while the broader mix remains 4 Buy, 6 Hold, and 2 Sell.
The setup favors improving execution against still-negative expectations. MED has beaten EPS in 5 of the last 7 quarters, but the next-year EPS estimate is still only -0.28 after -1.15 for 2026, so shareholders should watch whether margin discipline can keep surprises positive.
Insiders have been net buyers, led by director Kiai Parsa with multiple open-market purchases in August 2026 and no reported sales. The pattern is constructive because the activity is discretionary P-Purchase activity, while the May award grants are compensation noise rather than a timing signal.
Profitability remains weak, but cash generation and liquidity are solid. Gross margin is 69.2%, while operating margin is -5.66% and net margin is -8.08%; revenue fell 27.6% year over year and earnings declined 87.2%. Cash and equivalents of $167.3 million comfortably exceed $16.8 million of debt.
MED looks more like a cash-rich turnaround than a growth compounder, with low beta at 0.734 and a valuation anchored by negative earnings. Versus peers, the setup favors investors who want balance-sheet support and a discounted multiple rather than top-line momentum.
Similar companies
Peers in the same neighborhood.
- Market Cap
- $129.76M
- P/E
- -5.01
- PEG
- 0.01
- P/S
- 0.41
- P/B
- 0.66
- EV/EBITDA
- -23.93
- Div Yield
- 0.00%
- Gross Margin
- 69.24%
- Op Margin
- -5.46%
- Net Margin
- -8.08%
- ROE
- -12.68%
- ROIC
- -7.73%
Latest fiscal year · YoY change
- Revenue
- $385.79M-36.0%
- Gross Profit
- $275.19M-38.1%
- Op Income
- $-14,213,000
- Net Income
- $-18,672,000-993.0%
- EPS
- $-1.70-994.7%
- OCF Growth
- -72.0%
- FCF Growth
- -92.7%
- 52W High
- $14.15
- 52W Low
- $9.22
- 50D MA
- $11.72
- 200D MA
- $11.25
- Beta
- 0.73
- RSI (14)
- 46
- Avg Volume
- 150.95K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Medifast said Q2 revenue stabilized sequentially, coach productivity kept improving, and management still expects a return to profitability in Q4 2026 as Trilivy and Catalyst roll out.· August 3, 2026
- Q2 revenue was $76.4 million, down 27.6% year over year, but sequential revenue has stabilized around the recent quarters.
- Active earning coach productivity rose for a third straight quarter, up 41.0% year over year and 20% sequentially; revenue per active earning coach reached $6,529.
- Gross margin was 69.9% versus 72.6% a year ago, while SG&A fell 25.7% as Medifast kept cutting costs and launched Catalyst.
- Management said Trilivy has been well received, with no major rollout hiccups, and expects the new product line and compensation changes to support the field.
- Full-year guidance was reaffirmed: revenue of $270 million to $300 million and loss per share of $0.25 to $1.75, with profitability targeted for Q4 2026.
Second-quarter 2026 revenue was $76.4 million, down 27.6% year over year. Net loss was $3.1 million, or $0.28 per diluted share, versus net income of $2.5 million, or $0.22 per share, in the prior-year quarter. Gross profit was $53.4 million, down 30.3% year over year, and gross margin was 69.9% versus 72.6% last year. SG&A was $57.7 million, down 25.7% year over year, and operating loss was $4.3 million. The company ended Q2 with $169.8 million in cash, cash equivalents, and investments and no debt. For Q3, management guided revenue to $60 million to $80 million and loss per share to $0.15 to $0.65, excluding one-time Catalyst costs. For full-year 2026, revenue guidance is $270 million to $300 million and loss per share is $0.25 to $1.75. Management said it still expects improvement back to profitability to start in Q4 2026 and working capital to be more than $145 million at December 31, 2026.
Nick Johnson framed the quarter as an early sign of stabilization and positioned Trilivy as the centerpiece of Medifast’s 3.0 strategy. He emphasized speed, simplicity, scale, and stewardship, saying the company is simplifying the business while building a broader metabolic health platform. His tone was confident and strategic, with repeated references to positive coach engagement, strong science, and a clear path back to profitability in Q4 2026.
Jim Maloney focused on the numbers and the cost structure. He noted revenue of $76.4 million, gross profit of $53.4 million, gross margin of 69.9%, SG&A of $57.7 million, and a Q2 net loss of $3.1 million, or $0.28 per share. He also highlighted $169.8 million in cash and investments, no debt, and said the Catalyst program should deliver millions of dollars of savings, with more detail to come on the Q3 call. He reiterated guidance for Q3 and full-year 2026 and said profitability improvements should begin in Q4, with further progress targeted into 2027.
Analysts focused on Catalyst, asking for initial implementation costs, expected savings, and the cadence of savings versus costs. Management said it expects “millions” of dollars of savings but would not quantify them yet, because the company is still working through the planned reductions; more detail is expected on the Q3 earnings call. Questions also centered on Trilivy rollout and coach receptivity, and management said feedback has been overwhelmingly positive, with no major hiccups so far. On the path to profitability, management said stabilization in the top line, Catalyst, and the product launch all contribute, and that margin recovery should continue into 2027 as the business scales.
The positive case from this call is that coach productivity is improving strongly, with revenue per active earning coach at its highest level since Q2 2022 and active earning coach executive ranks trending higher. Management also said Trilivy has been well received and that the company has a large cash cushion with no debt, giving it room to execute. The combination of a new brand, new product line, and cost actions could support a return to profitability in Q4 2026.
The core risk remains the steep decline in active earning coaches, down 48.7% year over year, with management expecting further short-term declines. Revenue was still down 27.6% and gross margin compressed to 69.9% from 72.6% because of lost fixed-cost leverage. Catalyst savings are not yet quantified, and management acknowledged that GLP-1 adoption continues to pressure the traditional weight-loss category.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 70.3%
- Shares Outstanding
- 11.12M
- Float Shares
- 7.82M
of shares held by institutions
121 13F filers
Buy/sell ratio 4.00. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Congressional trading
Senate and House stock disclosures for MED, newest first.
Source: public STOCK Act disclosures. Filed weeks after the trade — a lagging signal, not a real-time one.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Renaissance Technologies LLC | 778.61K | ▲ 4.90K |
| Vanguard Group Inc | 711.50K | ▲ 190 |
| Steamboat Capital Partners, LLC | 706.70K | ▼ 891 |
| Two Sigma Investments, LP | 481.38K | ▲ 143.22K |
| Vanguard Capital Management LLC | 446.61K | ▲ 2.15K |
| Charles Schwab Investment Management Inc | 397.00K | ▼ 234.54K |
| Sixth Street Partners Management Company, L.P. | 397.00K | ▲ 397.00K |
| Blackrock, Inc. | 369.50K | ▼ 574.95K |
| Dimensional Fund Advisors LP | 363.39K | ▲ 1.63K |
| American Century Companies Inc | 318.91K | ▲ 94.63K |
| Morgan Stanley | 292.51K | ▼ 32.80K |
| Goldman Sachs Group Inc | 243.09K | ▲ 89.91K |
Held by 70 ETFs
Biggest fund positions in MED by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Sep 28, 26 | Chard Daniel R | sell | 9,545 |
| Sep 29, 26 | Chard Daniel R | sell | 9,544 |
| Aug 26, 26 | Kiai Parsa | buy | 41,975 |
| Aug 26, 26 | Kiai Parsa | buy | 1,175 |
| Aug 24, 26 | Kiai Parsa | buy | 4,211 |
| Aug 24, 26 | Kiai Parsa | buy | 118 |
| Aug 20, 26 | Kiai Parsa | buy | 41,975 |
| Aug 19, 26 | Kiai Parsa | buy | 28,538 |
| Aug 20, 26 | Kiai Parsa | buy | 1,175 |
| Aug 19, 26 | Kiai Parsa | buy | 799 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our MED coverage
Recent articles, reports, and earnings notes.
No research on MED yet
For a full analyst-grade research report — grades, price targets, financials, chart analysis — generate one on demand.
Generate MED report →Why Do You Keep Gaining Weight Back After Losing It
globenewswire.com · Oct 6
What Are the 5 Signs of Poor Metabolic Health Adults May Overlook?
globenewswire.com · Oct 1
Why Weight Loss Plateaus Happen: 5 Metabolic Causes
globenewswire.com · Sep 29
Medifast's 3.0 Strategy Takes Shape: Can It Restore Profitable Growth?
zacks.com · Sep 4
Why Is Medifast (MED) Down 7.6% Since Last Earnings Report?
zacks.com · Sep 2
Ocius Technology to Add Sonar Systems to Bluebottle Fleet: NYSE Content Update
prnewswire.com · Sep 2
Medifast® Announces the Launch of the Medifast Metabolic Health Institute™
businesswire.com · Aug 27
Can Medifast Capitalize on Rising GLP-1 Use With Metabolic Health?
zacks.com · Aug 26
Headlines from third-party outlets — TickerSpark isn't affiliated with these sources.
AI analysis · Last refreshed September 30, 2026 · Live quote · Not investment advice