Medifast annual operating expenses
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Medifast Operating Expenses Growth & History (MED)
Medifast's operating expenses was $289.4M for fiscal 2025.
View full Medifast company overviewMedifast annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $289.4M | −$152.3M | −34.49% |
| 2024 | 2024-12-31 | $441.7M | −$207.7M | −31.98% |
| 2023 | 2023-12-31 | $649.4M | −$306.2M | −32.04% |
| 2022 | 2022-12-31 | $955.6M | $44.3M | +4.86% |
| 2021 | 2021-12-31 | $911.4M | $347.7M | +61.69% |
| 2020 | 2020-12-31 | $563.7M | $117.8M | +26.43% |
| 2019 | 2019-12-31 | $445.8M | $135.0M | +43.43% |
| 2018 | 2018-12-31 | $310.8M | $122.7M | +65.18% |
| 2017 | 2017-12-31 | $188.2M | $9.4M | +5.24% |
| 2016 | 2016-12-31 | $178.8M | $6.2M | +3.58% |
| 2015 | 2015-12-31 | $172.6M | −$6.3M | −3.54% |
| 2014 | 2014-12-31 | $179.0M | −$23.2M | −11.47% |
| 2013 | 2013-12-31 | $202.2M | −$6.6M | −3.17% |
| 2012 | 2012-12-31 | $208.8M | $11.7M | +5.91% |
| 2011 | 2011-12-31 | $197.1M | $36.3M | +22.56% |
| 2010 | 2010-12-31 | $160.8M | $54.9M | +51.88% |
| 2009 | 2009-12-31 | $105.9M | — | — |
Medifast quarterly operating expenses
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Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $57.7M | −$20.0M | −25.72% |
| Q1 2026 | 2026-03-31 | $55.1M | −$30.5M | −35.62% |
| Q4 2025 | 2025-12-31 | $59.9M | −$27.6M | −31.50% |
| Q3 2025 | 2025-09-30 | $66.2M | −$37.3M | −36.04% |
| Q2 2025 | 2025-06-30 | $77.7M | −$53.6M | −40.82% |
| Q1 2025 | 2025-03-31 | $85.5M | −$33.8M | −28.36% |
| Q4 2024 | 2024-12-31 | $87.5M | −$45.2M | −34.05% |
| Q3 2024 | 2024-09-30 | $103.6M | −$48.3M | −31.80% |
| Q2 2024 | 2024-06-30 | $131.3M | −$40.7M | −23.66% |
| Q1 2024 | 2024-03-31 | $119.4M | −$73.5M | −38.12% |
| Q4 2023 | 2023-12-31 | $132.7M | −$68.3M | −33.98% |
| Q3 2023 | 2023-09-30 | $151.9M | −$82.8M | −35.29% |
| Q2 2023 | 2023-06-30 | $172.0M | −$100.7M | −36.93% |
| Q1 2023 | 2023-03-31 | $192.9M | −$54.3M | −21.97% |
| Q4 2022 | 2022-12-31 | $201.0M | −$30.5M | −13.16% |
| Q3 2022 | 2022-09-30 | $234.7M | −$17.2M | −6.83% |
| Q2 2022 | 2022-06-30 | $272.7M | $40.4M | +17.41% |
| Q1 2022 | 2022-03-31 | $247.2M | $51.5M | +26.28% |
| Q4 2021 | 2021-12-31 | $231.4M | $70.2M | +43.52% |
| Q3 2021 | 2021-09-30 | $251.9M | $92.4M | +57.95% |
| Q2 2021 | 2021-06-30 | $232.3M | $101.1M | +77.04% |
| Q1 2021 | 2021-03-31 | $195.7M | $84.0M | +75.23% |
| Q4 2020 | 2020-12-31 | $161.3M | $51.9M | +47.47% |
| Q3 2020 | 2020-09-30 | $159.5M | $36.8M | +30.00% |
| Q2 2020 | 2020-06-30 | $131.2M | $17.8M | +15.74% |
| Q1 2020 | 2020-03-31 | $111.7M | $11.3M | +11.23% |
| Q4 2019 | 2019-12-31 | $109.4M | $20.1M | +22.48% |
| Q3 2019 | 2019-09-30 | $122.7M | $32.9M | +36.71% |
| Q2 2019 | 2019-06-30 | $113.4M | $41.7M | +58.12% |
| Q1 2019 | 2019-03-31 | $100.4M | $40.3M | +67.04% |
| Q4 2018 | 2018-12-31 | $89.3M | $39.6M | +79.87% |
| Q3 2018 | 2018-09-30 | $89.7M | $41.8M | +87.12% |
| Q2 2018 | 2018-06-30 | $71.7M | $25.4M | +54.83% |
| Q1 2018 | 2018-03-31 | $60.1M | $15.8M | +35.77% |
| Q4 2017 | 2017-12-31 | $49.6M | $9.2M | +22.66% |
| Q3 2017 | 2017-09-30 | $48.0M | $4.7M | +10.98% |
| Q2 2017 | 2017-06-30 | $46.3M | −$1.9M | −3.94% |
| Q1 2017 | 2017-03-31 | $44.3M | −$2.6M | −5.63% |
| Q4 2016 | 2016-12-31 | $40.5M | $784,000 | +1.98% |
| Q3 2016 | 2016-09-30 | $43.2M | $2.0M | +4.92% |
| Q2 2016 | 2016-06-30 | $48.2M | $3.7M | +8.31% |
| Q1 2016 | 2016-03-31 | $46.9M | −$332,000 | −0.70% |
| Q4 2015 | 2015-12-31 | $39.7M | −$1.1M | −2.71% |
| Q3 2015 | 2015-09-30 | $41.2M | −$3.0M | −6.70% |
| Q2 2015 | 2015-06-30 | $44.5M | −$1.2M | −2.64% |
| Q1 2015 | 2015-03-31 | $47.3M | −$1.1M | −2.18% |
| Q4 2014 | 2014-12-31 | $40.8M | $22.3M | +120.11% |
| Q3 2014 | 2014-09-30 | $44.1M | −$13.4M | −23.23% |
| Q2 2014 | 2014-06-30 | $45.7M | −$16.6M | −26.61% |
| Q1 2014 | 2014-03-31 | $48.3M | −$15.5M | −24.31% |
| Q4 2013 | 2013-12-31 | $18.5M | −$4.7M | −20.12% |
| Q3 2013 | 2013-09-30 | $57.5M | −$1.9M | −3.20% |
| Q2 2013 | 2013-06-30 | $62.3M | −$3.3M | −4.96% |
| Q1 2013 | 2013-03-31 | $63.8M | $3.2M | +5.30% |
| Q4 2012 | 2012-12-31 | $23.2M | −$27.6M | −54.35% |
| Q3 2012 | 2012-09-30 | $59.4M | $9.7M | +19.46% |
| Q2 2012 | 2012-06-30 | $65.5M | $15.6M | +31.13% |
| Q1 2012 | 2012-03-31 | $60.6M | $14.0M | +30.14% |
| Q4 2011 | 2011-12-31 | $50.8M | — | — |
| Q3 2011 | 2011-09-30 | $49.7M | $8.3M | +20.09% |
| Q2 2011 | 2011-06-30 | $50.0M | $9.8M | +24.31% |
| Q1 2011 | 2011-03-31 | $46.6M | — | — |
| Q3 2010 | 2010-09-30 | $41.4M | — | — |
| Q2 2010 | 2010-06-30 | $40.2M | — | — |
Medifast operating expenses trends
Over the last five fiscal years, Medifast's operating expenses decreased from $563.7M to $289.4M, a change of −$274.3M. The latest reported quarter, Q2 2026, shows $57.7M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Medifast source filings ↗