Medifast Is Running The Same Playbook, And I Have The Same Concerns
Medifast reported Q3 2026 revenue down 19.4% year over year to $72 million, while active earning coaches fell 47% and average revenue per coach rose. The excerpt also notes management transition and activist involvement, with the core product and distribution model unchanged.
Why it matters — The revenue and coach declines, alongside ongoing GLP-1 disruption, highlight continuing challenges in Medifast’s business despite its cash-heavy balance sheet and board-level changes.