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Medifast MED Non-cash lease expense

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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

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Return on equity-9.8%-20.1pp
Debt / equity0.1×0.0×
Current ratio4.8×+1.3×

Where this comes from

Reported directly by Medifast in its filing.

Tagged under the XBRL concept med:OperatingLeaseExpenseNonCash.

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 non-cash lease expense?
Medifast (MED) reported non-cash lease expense of $1.16M in Q1 2026.
How has Medifast's non-cash lease expense changed year-over-year?
Medifast's non-cash lease expense increased by 1.3% year-over-year, from $1.15M to $1.16M.
What is the long-term trend for Medifast's non-cash lease expense?
Over 4 years (2021 to 2025), Medifast's non-cash lease expense has grown at a -2.3% compound annual growth rate (CAGR), from $5.07M to $4.62M.
What does non-cash lease expense mean?
This represents the non-cash portion of operating lease expenses recognized in the income statement, typically associated with the amortization of right-of-use assets. It is added back to net income in the cash flow statement because it does not represent an actual cash outflow. Monitoring this helps investors understand the underlying cash-based operating performance versus accounting-based lease obligations.