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. Their extensive portfolio encompasses snack bars, savory bites, cereals, drinks, substantial meal choices, oatmeal, pancakes, puddings, soft serves, shakes, smoothies, baked goods, and soups. These offerings are marketed under proprietary brands like OPTAVIA, Optimal Health by Take Shape for Life, and Flavors of Home. The company facilitates sales primarily through direct e-commerce transactions. Established in 1980, Medifast, Inc. maintains its corporate headquarters in Baltimore, Maryland.
Medifast Announces Second Quarter 2026 Financial Results
Medifast reported Q2 revenue of $76.4 million, down 27.6% year-over-year, with a net loss of $3.1 million or $0.28 per share.
The decline was driven by a 48.7% drop in active earning coaches to 11,700, attributed to GLP-1 medication adoption, though revenue per coach improved 41% to $6,529.
The balance sheet remains solid with $169.8 million in cash and no debt, while management guided for a return to profitability in Q4.