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Medifast Announces Third Quarter 2026 Financial Results

Business Wire•26/10/2026•08:05 ET
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Key Highlights

  • ➤Q3 revenue $72.0 million, down 19.4% year over year
  • ➤Active earning coaches 10,200, down 47.7% year over year
  • ➤Q3 net loss $17.5 million, or $1.57 per diluted share
  • ➤Q4 revenue outlook $55 million-$75 million; EPS forecast $0.00-$0.25
  • ➤Full-year 2026 revenue outlook $280 million-$300 million

Expert Statements

Nick Johnson, Chief Executive Officer of Medifast

“The third quarter was about execution. With Trilivy now live, Reset Fuelings in our coaches’ hands, and our new compensation plan and Coach Hub launched, the major pieces of our 3.0 strategy are now in market. Revenue came in line with our guidance, and coach productivity improved year-over-year for the fourth consecutive quarter. Those are the kinds of indicators that have historically come before coach growth and revenue growth.”

Nick Johnson, Chief Executive Officer of Medifast

“With our launches complete and most of our Catalyst cost program executed, our focus has shifted to delivering returns on our foundational work. Coaches are embracing the new brand, our new compensation plan, our comprehensive metabolic health system--supported by the new Reset Fueling product line, and their conversations with clients are increasingly focused on metabolic health markers like visceral fat, lean mass and protecting and building healthy muscle. With enthusiasm high in the Field, we believe we are on track to deliver profitability in the fourth quarter.”

Dr. Wayne Scott Andersen, Founder of the Mission and Independent Trilivy Coach

“More than twenty years ago, I left my critical care practice to build and invest in Medifast because I knew the answer was not treating symptoms downstream. It was moving upstream and creating health. Today my conviction is stronger than it has ever been. The world is facing an unprecedented metabolic health crisis, and medication alone will not solve it. Lasting health requires lasting habits, and that is exactly what we were built to deliver. With nutritionally optimized products continually enhanced by research-backed ingredients that target metabolic health, and the proven power of coaching and our community, no one is better positioned to lead the way. A new generation of highly trained Field leaders, focused on helping others create lasting health, is now investing in this mission with the same belief and commitment that started our movement. We have already impacted more than three million lives and counting. Our greatest impact is still to come.”

Medifast (NYSE: MED), the metabolic health and wellness company known for its science-backed comprehensive metabolic health system, Trilivy™, today reported results for the third quarter ended September 30, 2026.

Revenue: $72.0 million, with revenue per active earning coach of $7,064

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