Flagship explainer

How Medifast, Inc. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$386M · 100%Cost of revenue$111M · 29%Gross profit$275M · 71%Operating income−$14.2M · −4%Income before tax−$5.6M · −1%Income tax$13M · 3%Net income−$18.7M · −5%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$386M100%
Cost of revenue$111M29%
$275M71%
−$14.2M−4%
Income before tax−$5.6M−1%
Income tax$13M3%
−$18.7M−5%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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