What is Medifast's net debt?

Medifast (MED) reported net debt of -$55.43M in Q1 2026.

How has Medifast's net debt changed year-over-year?

Medifast's net debt increased by 28.1% year-over-year, from -$77.11M to -$55.43M.

What is the long-term trend for Medifast's net debt?

Over 5 years (2020 to 2025), Medifast's net debt has grown at a -12.4% compound annual growth rate (CAGR), from -$152.56M to -$78.61M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Medifast MED Net debt

Discontinued — last reported Q1 '26

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Other financials

Income statement

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Revenue$76.0M-34.3%

Gross profit$51.8M-38.6%

Operating income-$3.3M-161%

Net income-$2.1M-175%

EPS (diluted)-$0.19-171%

Balance sheet

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Cash & equivalents$71.5M-22.0%

Total debt$16.1M+10.2%

Total equity$197.7M-6.3%

Total assets$252.0M-10.0%

Cash flow

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Operating cash flow$260.0K-92.4%

CapEx$1.1M-28.0%

Free cash flow-$836.0K-144%

Valuation

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Market cap$121.87M-17.4%

Enterprise value$66.44M+12.8%

P/S0.4×0.0×

Profitability

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Gross margin70.1%-3.8pp

Operating margin-4.7%-7.0pp

Net margin-5.8%-8.1pp

FCF margin5%-9.3pp

Returns & leverage

See full

Return on equity-9.8%-20.1pp

Debt / equity0.1×0.0×

Current ratio4.8×+1.3×

Where this comes from

Calculated from Medifast’s reported figures.

$16.1Mtotal debt−$71.5Mcash and equivalents=-$55.43M

The official record: Medifast’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Medifast's net debt?: Medifast (MED) reported net debt of -$55.43M in Q1 2026.
How has Medifast's net debt changed year-over-year?: Medifast's net debt increased by 28.1% year-over-year, from -$77.11M to -$55.43M.
What is the long-term trend for Medifast's net debt?: Over 5 years (2020 to 2025), Medifast's net debt has grown at a -12.4% compound annual growth rate (CAGR), from -$152.56M to -$78.61M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.