MEDIFAST INC
For the period ended Mar 31, 2025. Filed Apr 28, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed Apr 28, 2025
MED$13.37+4.4%Stored close · as of Nov 9, 2026
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Item 1. – Financial Statements
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(U.S. dollars in thousands, except per share amounts)
| Three months ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Revenue | $115,728 | $174,739 |
| Cost of sales | 31,483 | 47,447 |
| Gross profit | 84,245 | 127,292 |
| Selling, general, and administrative | 85,507 | 119,352 |
| Income (loss) from operations | (1,262) | 7,940 |
| Other income | ||
| Interest income | 1,301 | 1,223 |
| Other income | 487 | 2,422 |
| 1,788 | 3,645 | |
| Income before provision for income taxes | 526 | 11,585 |
| Provision for income taxes | 1,298 | 3,269 |
| Net income (loss) | $(772) | $8,316 |
| Earnings (loss) per share - basic | $(0.07) | $0.76 |
| Earnings (loss) per share - diluted | $(0.07) | $0.76 |
| Weighted average shares outstanding | ||
| Basic | 10,948 | 10,909 |
| Diluted | 10,948 | 10,958 |
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)
(U.S. dollars in thousands)
| Three months ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Net income (loss) | $(772) | $8,316 |
| Other comprehensive income (loss), net of tax: | ||
| Foreign currency translation | — | 15 |
| Unrealized income (losses) on investment securities | 59 | (241) |
| 59 | (226) | |
| Comprehensive income (loss) | $(713) | $8,090 |
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