MEDIFAST INC (MED)
Medifast, Inc., through its various divisions, develops and provides a range of consumable health and nutritional items tailored for weight loss, weight management, and general wellness. These products are distributed across the United States and the Asia-Pacific region. Their extensive portfolio encompasses snack bars, savory bites, cereals, drinks, substantial meal choices, oatmeal, pancakes, puddings, soft serves, shakes, smoothies, baked goods, and soups. These offerings are marketed under proprietary brands like OPTAVIA, Optimal Health by Take Shape for Life, and Flavors of Home. The company facilitates sales primarily through direct e-commerce transactions. Established in 1980, Medifast, Inc. maintains its corporate headquarters in Baltimore, Maryland.
Sector: Miscellaneous Food Preparations & Kindred Products
Industry: Personal Products & Services
Medifast, Inc.
NYSE:MEDConsumer Cyclical · Personal Products & Services
+2.02%$12.11
AH Close$12.09-0.17%vs close
AH Close$12.09-0.17%vs close
Mkt Cap$135.4M
Float9.97M
O/S11.18M
Inst Own73.0%
SI11.6%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$385.79M
Net Income-$18.67M
Total Assets$257.01M
Free Cash Flow$1.25M
Debt & Equity
Debt 8%
Equity 92%
Total Debt$16.79M
Total Equity$198.92M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in MED's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$257.01M
Liabilities$58.09M
Accounts Receivable$0
Accounts Payable$15.07M
Inventory$20.23M
PP&E (Net)$38.46M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 |
| Revenue | $385.79M | $602.46M | $1.07B | $1.6B | $1.53B | $934.84M | $713.67M | $501M | $301.56M | $274.53M | $272.77M | $285.29M | $356.89M | $356.71M | $298.19M | $258K | $165.62M | $105.44M | $83.78M | $74.09M | $40.13M | $27.34M | $25.38M | $12.35M | $5.02M | $3.9M | $4.65M | $15.9M | $14.36M | $16.5M |
| YoY Growth | -36.0% | -43.8% | -32.9% | 4.8% | 63.2% | 31.0% | 42.4% | 66.1% | 9.8% | 0.6% | -4.4% | -20.1% | 0.1% | 19.6% | 115678.2% | -99.8% | 57.1% | 25.9% | 13.1% | 84.6% | 46.8% | 7.7% | 105.6% | 145.8% | 28.8% | -16.2% | -70.8% | 10.7% | -13.0% | - |
| Cost of Revenue | $110.6M | $157.84M | $296.2M | $458.16M | $398.49M | $237.03M | $176.81M | $121.1M | $73.75M | $68.87M | $71.46M | $76.08M | $89.04M | $88.67M | $73.69M | $65K | $40.29M | $25.33M | $21.46M | $18.24M | $10.16M | $6.75M | $6.83M | $3.69M | $2.21M | $1.72M | $2.31M | $10.1M | $9.67M | $9.22M |
| Gross Profit | $275.19M | $444.62M | $775.85M | $1.14B | $1.13B | $697.82M | $536.86M | $379.9M | $227.81M | $205.66M | $201.31M | $209.21M | $267.85M | $268.04M | $224.5M | $192K | $125.33M | $80.11M | $62.31M | $55.85M | $29.97M | $20.59M | $18.55M | $8.66M | $2.81M | $2.17M | $2.35M | $5.8M | $4.69M | $7.29M |
| Gross Margin | 71.3% | 73.8% | 72.4% | 71.3% | 73.9% | 74.6% | 75.2% | 75.8% | 75.5% | 74.9% | 73.8% | 73.3% | 75.1% | 75.1% | 75.3% | 74.7% | 75.7% | 76.0% | 74.4% | 75.4% | 74.7% | 75.3% | 73.1% | 70.1% | 56.0% | 55.8% | 50.4% | 36.5% | 32.7% | 44.2% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $289.4M | $441.75M | $649.45M | $955.61M | $911.36M | $563.66M | $445.82M | $310.84M | $188.18M | $178.81M | $172.63M | $178.96M | $202.16M | $208.77M | $197.11M | $160.83M | $105.89M | $71.91M | $56.6M | $48.27M | $25.89M | $17.59M | $14.96M | $6.91M | $2.07M | $1.69M | $4.18M | $6.58M | $7.83M | $6.46M |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$533K | $0 | $0 | $0 | $0 | $0 | $219K | $232K | $0 | $0 | $388K |
| Total Operating Expenses | $289.4M | $441.75M | $649.45M | $955.61M | $911.36M | $563.66M | $445.82M | $310.84M | $188.18M | $178.81M | $172.63M | $178.96M | $234.26M | $244.77M | $197.11M | $161K | $105.96M | $71.91M | $56.6M | $47.74M | $25.89M | $17.59M | $14.96M | $6.91M | $2.07M | $1.69M | $4.41M | $6.58M | $7.83M | $6.84M |
| Operating Income (EBIT) | -$14.21M | $2.88M | $126.4M | $184.81M | $216.24M | $134.16M | $91.04M | $69.06M | $39.63M | $26.86M | $28.68M | $30.25M | $33.59M | $23.26M | $27.38M | $32K | $19.37M | $8.2M | $5.71M | $8.11M | $4.07M | $3M | $3.6M | $1.75M | $745K | $266K | -$2.06M | -$771K | -$3.14M | $445K |
| Operating Margin | -3.7% | 0.5% | 11.8% | 11.6% | 14.2% | 14.4% | 12.8% | 13.8% | 13.1% | 9.8% | 10.5% | 10.6% | 9.4% | 6.5% | 9.2% | 12.3% | 11.7% | 7.8% | 6.8% | 10.9% | 10.2% | 11.0% | 14.2% | 14.2% | 14.8% | 6.8% | -44.4% | -4.8% | -21.9% | 2.7% |
| Interest Expense | $0 | $0 | $0 | $701K | $231K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $102K | $111 | $145K | $366K | $0 | $369K | $317K | $0 | $150K | $0 | $0 | $386K | $0 | $0 | $0 | $0 |
| Interest Income | $5.52M | $4.8M | $2.49M | $0 | $0 | $246K | $1.29M | $1.31M | $558K | $283K | $661K | $716K | $509K | $304K | $421K | $385 | $155K | $149K | $0 | $175K | $158K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $8.57M | $909K | $2.4M | -$747K | -$112K | $106K | $1.32M | $1.49M | $694K | $263K | $987K | $1.45M | $597K | $1.2M | $298K | $31.66M | -$73K | -$349K | -$172K | -$774K | -$144K | -$98K | -$40K | -$54K | -$179K | -$353K | $339K | -$178K | -$217K | -$216K |
| Income Before Tax (EBT) | -$5.64M | $3.79M | $128.8M | $184.06M | $216.13M | $134.26M | $92.36M | $70.55M | $40.33M | $27.12M | $29.67M | $31.69M | $34.19M | $24.46M | $27.68M | $32K | $19.29M | $7.85M | $5.54M | $7.34M | $3.93M | $2.91M | $3.56M | $1.7M | $566K | -$87K | -$1.73M | -$949K | -$3.35M | $229K |
| Income Tax Expense | $13.03M | $1.7M | $29.38M | $40.49M | $52.1M | $31.41M | $14.45M | $14.76M | $12.61M | $9.29M | $10.1M | $10.66M | $10.22M | $8.58M | $9.14M | $12K | $7.33M | $2.42M | $1.71M | $2.26M | $1.2M | $1.16M | $1.15M | -$925K | -$22K | -$787K | $1.13M | $0 | $342K | -$91K |
| Net Income | -$18.67M | $2.09M | $99.42M | $143.57M | $164.03M | $102.86M | $77.92M | $55.79M | $27.72M | $17.84M | $20.06M | $13.18M | $23.97M | $15.88M | $18.54M | $20K | $11.96M | $5.43M | $3.84M | $5.08M | $2.73M | $1.75M | $2.41M | $2.62M | $588K | $1.3M | -$3.19M | -$949K | -$3.7M | $320K |
| Net Income Margin | -4.8% | 0.3% | 9.3% | 9.0% | 10.7% | 11.0% | 10.9% | 11.1% | 9.2% | 6.5% | 7.4% | 4.6% | 6.7% | 4.5% | 6.2% | 7.6% | 7.2% | 5.2% | 4.6% | 6.9% | 6.8% | 6.4% | 9.5% | 21.2% | 11.7% | 33.4% | -68.6% | -6.0% | -25.7% | 1.9% |
| Supplementary Data | ||||||||||||||||||||||||||||||
| EPS | -1.70 | 0.19 | 9.10 | 12.82 | 14.01 | 8.74 | 6.62 | 4.67 | 2.32 | 1.51 | 1.68 | 1.04 | 1.74 | 1.16 | 1.33 | 1.39 | 0.89 | 0.37 | 0.30 | 0.41 | 0.20 | 0.16 | 0.25 | 0.36 | 0.08 | 0.19 | -0.58 | -0.20 | -0.86 | 0.07 |
| Diluted EPS | -1.70 | 0.19 | 9.10 | 12.73 | 13.89 | 8.68 | 6.43 | 4.62 | 2.29 | 1.49 | 1.66 | 1.03 | 1.73 | 1.16 | 1.31 | 1.35 | 0.81 | 0.34 | 0.28 | 0.38 | 0.19 | 0.14 | 0.22 | 0.30 | 0.07 | 0.17 | -0.58 | -0.20 | -0.86 | 0.07 |
| Weighted Average OS | 10.98M | 10.93M | 10.88M | 11.20M | 11.71M | 11.77M | 11.77M | 11.95M | 11.92M | 11.84M | 11.96M | 12.67M | 13.77M | 13.72M | 13.97M | 14.08M | 13.52M | 13.13M | 12.96M | 12.70M | 12.26M | 10.83M | 9.31M | 6.72M | 6.52M | 5.63M | 5.48M | 4.80M | 4.30M | 4.31M |
| EBITDA | $8.6M | $16.49M | $141.9M | $195.74M | $222.94M | $138.47M | $95.66M | $73.5M | $43.84M | $32.26M | $35.8M | $38.3M | $46.31M | $35.52M | $35.73M | $37.5M | $23.84M | $12.79M | $9.19M | $10.51M | $5.82M | $4.31M | $4.25M | $2.07M | $956K | $704K | -$1.83M | -$340K | -$2.26M | $1.11M |
| EBITDA Margin | 2.2% | 2.7% | 13.2% | 12.2% | 14.6% | 14.8% | 13.4% | 14.7% | 14.5% | 11.8% | 13.1% | 13.4% | 13.0% | 10.0% | 12.0% | 14559.8% | 14.4% | 12.1% | 11.0% | 14.2% | 14.5% | 15.8% | 16.7% | 16.8% | 19.0% | 18.1% | -39.4% | -2.1% | -15.8% | 6.7% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 |
| Assets | ||||||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $89.3M | $90.93M | $94.44M | $87.69M | $104.18M | $163.72M | $76.97M | $81.36M | $75.08M | $52.44M | $42.04M | $24.46M | $36.38M | $39.94M | $14.26M | $17.16M | $12.71M | $1.84M | $2.19M | $1.08M | $1.48M | $612K | $2.52M | $837K | $270K | $102K | $154K | $503K | $255K | $286K |
| Short-Term Investments | $77.97M | $71.42M | $55.6M | $0 | $5.36M | $10.75M | $15.7M | $19.67M | $23.76M | $24.41M | $25.07M | $28.18M | $31.42M | $20.06M | $19.54M | $17.27M | $3.59M | $1.1M | $1.44M | $1.54M | $2.7M | $2.63M | $3.98M | $418K | $312K | $200K | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $167.27M | $162.34M | $150.04M | $87.69M | $109.54M | $174.47M | $92.68M | $101.03M | $98.83M | $76.85M | $67.11M | $52.64M | $67.8M | $59.99M | $33.8M | $34.44M | $16.3M | $2.94M | $3.63M | $2.63M | $4.18M | $3.24M | $6.51M | $1.25M | $582K | $302K | $154K | $503K | $255K | $286K |
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $584K | $1.44M | $1.01M | $576K | $1.39M | $1.63M | $1.65M | $942K | $2.15M | $1.48M | $623K | $722K | $628K | $673K | $622K | $985K | $1.06M | $641K | $284K | $283K | $252K | $308K | $3.34M | $1.11M | $1.57M |
| Inventory | $20.23M | $42.42M | $54.59M | $118.86M | $180.04M | $53.39M | $48.77M | $38.89M | $19.33M | $18.31M | $13.34M | $15.73M | $18.06M | $20.8M | $19.97M | $19.53M | $11.23M | $13.86M | $9.18M | $8.26M | $5.47M | $4.25M | $2.99M | $1.26M | $640K | $611K | $549K | $2.72M | $2.4M | $3.89M |
| Other Current Assets | $9.07M | $0 | $0 | $0 | $16.33M | -$584K | $0 | $0 | $0 | $0 | $3.24M | $6.79M | $3.15M | $4.76M | $3.31M | $703K | $680K | $3.27M | $119K | $855K | $690K | $340K | $917K | $1.08M | $355K | $279K | $27K | $416K | $266K | $476K |
| Total Current Assets | $201.68M | $214.4M | $224.03M | $222.78M | $306.87M | $234.31M | $154.15M | $145.52M | $125.2M | $101.3M | $88.07M | $81.91M | $91.95M | $88.58M | $63.99M | $60.67M | $34.97M | $21.22M | $17.13M | $14.86M | $14.44M | $9.97M | $11.99M | $4.13M | $1.94M | $1.46M | $1.04M | $6.98M | $4.03M | $6.23M |
| Long-Term Assets | ||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $38.46M | $48.68M | $67.11M | $75.64M | $80.59M | $38.14M | $38.84M | $19.75M | $18.61M | $19.75M | $29.03M | $33.48M | $40.34M | $40.11M | $38.85M | $30.59M | $23.24M | $21.71M | $17.03M | $14.02M | $9.54M | $8.7M | $7.45M | $4.5M | $767K | $914K | $1.01M | $3.25M | $2.67M | $3.59M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $474K |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $428K | $1M | $1.07M | $4.1M | $5.55M | $7.36M | $6.27M | $6.51M | $7.14M | $4.42M | $608K | $0 | $0 | $0 | $0 | $0 | $113K |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $9.04M | $11.46M | $4.12M | $5.33M | $4.4M | $692K | $1.31M | $2.98M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.34M | $1.13M | $897K | $367K | $0 | $91K | $0 | $655K | $454K | $508K | $0 | $0 | $0 | $166K |
| Other Long-Term Assets | $7.83M | $9.67M | $14.65M | $12.46M | $6.47M | $2.94M | $353K | $1.18M | $2.12M | $166K | $224K | $519K | $360K | $1.14M | $1.82M | $1.73M | $379K | $1.43M | $1.31M | $1.4M | $60K | $70K | $375K | $1K | $200K | $244K | $64K | $109K | $240K | $880K |
| Total Long-Term Assets | $55.33M | $69.81M | $85.88M | $93.43M | $91.46M | $41.77M | $40.5M | $23.91M | $20.73M | $19.92M | $29.25M | $34M | $40.7M | $41.68M | $41.68M | $33.39M | $29.17M | $29.82M | $26.59M | $22.06M | $16.1M | $16M | $12.24M | $5.76M | $1.42M | $1.67M | $1.07M | $3.36M | $2.91M | $5.22M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $257.01M | $284.21M | $309.91M | $316.21M | $398.33M | $276.08M | $194.65M | $169.43M | $145.93M | $121.22M | $117.33M | $115.91M | $132.65M | $130.25M | $105.67M | $94.06M | $64.14M | $51.04M | $43.72M | $36.93M | $30.55M | $25.97M | $24.23M | $9.89M | $3.36M | $3.13M | $2.11M | $10.34M | $6.94M | $11.45M |
| Liabilities | ||||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||||
| Accounts Payable | $15.07M | $23.05M | $39.19M | $53.12M | $70.89M | $36.09M | $22.61M | $19.02M | $13.8M | $9.58M | $11.26M | $12.18M | $12.03M | $16.23M | $12.68M | $623K | $4.97M | $5.13M | $3.18M | $2.21M | $2.26M | $940K | $1.71M | $1.19M | $337K | $348K | $878K | $0 | $0 | $0 |
| Short-Term Debt | $4.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $222K | $528K | $1.43M | $944K | $796K | $3.42M | $1.86M | $1.8M | $1.19M | $827K | $819K | $395K | $98K | $369K | $904K | $700K | $295K | $1.96M |
| Current Income Tax Payable | $5.12M | $1.49M | $9.86M | $7.55M | $2.57M | $2.98M | $1.55M | $1.07M | $596K | $522K | $542K | $806K | $1.43M | $3.29M | $5.43B | $3.27B | $22K | $1.13M | $592K | $535K | $899K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $384K | $316K | $574K | $7.36M | $8.05M | $7.61M | $4.33M | $0 | $0 | $0 | $0 | $0 | $10.9M | -$8.7M | $0 | $0 | -$399K | $168K | $1.1M | $699K | $90K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $13.63M | $32.77M | $0 | $0 | $0 | $0 | $0 | $19.76M | $0 | $8.92M | $8.1M | $10.73M | $4.33M | $8.84M | $4.58M | $0 | -$20K | -$270K | $1.13M | $906K | -$167K | $739K | $58K | $25K | $0 | $0 | $0 | $2.71M | $1.62M | $2.21M |
| Total Current Liabilities | $42.96M | $64.16M | $92.3M | $140.89M | $169.83M | $111.35M | $79.39M | $60.32M | $37.14M | $24.42M | $23.56M | $26.94M | $27.1M | $28.75M | $20.26M | $15.96M | $5.76M | $8.55M | $6.73M | $5.25M | $4.45M | $2.51M | $2.59M | $1.61M | $435K | $717K | $1.78M | $3.43M | $1.96M | $4.27M |
| Long-Term Liabilities | ||||||||||||||||||||||||||||||
| Long-Term Debt | $6.09M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.11M | $3.34M | $4.86M | $5.44M | $4.31M | $4.57M | $3.51M | $3.98M | $4.26M | $4.56M | $2.7M | $234K | $550K | $543K | $4.07M | $2.16M | $730K |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$288M | $0 | -$474M | -$696M | -$914M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $9.04M | $0 | $0 | $0 | $0 | $0 | $0 | $1.97M | $208K | $779K | $4.89M | $5.49M | $6.66M | $6.91M | $7.76M | $1.28M | $1.55M | $0 | $0 | $0 | $101K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | -$6.09M | $0 | $0 | $0 | $0 | $0 | $0 | -$1.97M | $0 | $0 | $288K | $2.76M | $0 | $0 | $0 | $0 | -$1.19M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $150K | $625K | $0 | $679K | $774K | $749K |
| Total Long-Term Liabilities | $15.13M | $9.94M | $16.13M | $20.27M | $26.02M | $7.49M | $10.43M | $1.97M | $208K | $779K | $5.18M | $8.49M | $7.13M | $10.72M | $12.01M | $6.14M | $5.44M | $4.31M | $4.57M | $3.51M | $4.08M | $4.26M | $4.56M | $2.7M | $384K | $1.2M | $543K | $4.77M | $2.97M | $1.61M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.97M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $58.09M | $74.1M | $108.43M | $161.17M | $195.85M | $118.84M | $89.82M | $60.32M | $37.35M | $25.2M | $28.74M | $35.43M | $34.23M | $39.47M | $32.26M | $22.1M | $11.21M | $12.86M | $11.3M | $8.76M | $8.52M | $6.76M | $7.16M | $4.31M | $819K | $1.92M | $2.33M | $8.19M | $4.93M | $5.88M |
| Stockholders' Equity | ||||||||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $406K | $0 | $0 | $0 | $0 | $501K | $671K | $985K | $1.4M | $553K | $605K | $0 | $0 | $0 |
| Common Stock | $11K | $11K | $11K | $11K | $12K | $12K | $12K | $12K | $12K | $12K | $12K | $12K | $13K | $16K | $16K | $16K | $15K | $15K | $14K | $14K | $13K | $11K | $10K | $7K | $7K | $7K | $6K | $5K | $4K | $4K |
| Retained Earnings | $158.27M | $176.78M | $174.65M | $139.85M | $190.33M | $154.35M | $168.79M | $131.34M | $103.76M | $93.5M | $88.63M | $78.9M | $97.7M | $76.53M | $60.66M | $42.12M | $27.22M | $15.25M | $9.82M | $6.23M | $1.15M | -$1.29M | -$3.02M | -$5.38M | -$7.79M | -$8.32M | -$9.39M | -$6.15M | -$5.13M | -$1.36M |
| Comprehensive Income & Other | $234K | $180K | $248K | $24K | $111K | $41K | $25K | -$173K | -$160K | -$165K | -$62K | $435K | $703K | $553K | $396K | $240K | $159K | -$5.93M | -$2.39M | -$3.02M | $175K | -$39K | -$25K | -$1.51M | -$1.28M | -$1.14M | -$605K | $0 | $0 | $0 |
| Other Stockholders' Equity | $40.64M | $33.32M | $26.82M | $15.18M | $12.13M | $2.88M | -$63.97M | -$22.25M | $4.81M | $2.51M | -$62K | $1.57M | $703K | $14.24M | $12.73M | $29.82M | $25.7M | $22.91M | $22.59M | $21.92M | $20.86M | $20.48M | $20.08M | $10.95M | $10.32M | $9.53M | $9.17M | $8.29M | $7.14M | $6.93M |
| Total Equity | $198.92M | $210.11M | $201.48M | $155.04M | $202.47M | $157.25M | $104.83M | $109.11M | $108.58M | $96.02M | $88.58M | $80.48M | $98.42M | $90.79M | $73.4M | $71.96M | $52.93M | $38.17M | $32.42M | $28.17M | $22.02M | $19.21M | $17.08M | $5.58M | $2.54M | $1.21M | -$213K | $2.15M | $2.02M | $5.57M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $257.01M | $284.21M | $309.91M | $316.21M | $398.33M | $276.08M | $194.65M | $169.43M | $145.93M | $121.22M | $117.33M | $115.91M | $132.65M | $130.25M | $105.67M | $94.06M | $64.14M | $51.04M | $43.72M | $36.93M | $30.55M | $25.97M | $24.23M | $9.89M | $3.36M | $3.13M | $2.11M | $10.34M | $6.94M | $11.45M |
| Supplementary Data | ||||||||||||||||||||||||||||||
| Total Debt | $16.79M | $16.13M | $22.01M | $26.05M | $32.54M | $11.16M | $13.6M | $0 | $0 | $779K | $219K | $474K | $696K | $4.34M | $5.68M | $5.8M | $6.24M | $7.73M | $6.43M | $5.31M | $5.17M | $5.08M | $5.38M | $3.1M | $332K | $942K | $1.45M | $4.81M | $2.53M | $2.91M |
| Net Debt | -$72.52M | -$74.8M | -$72.43M | -$61.64M | -$71.64M | -$152.56M | -$63.37M | -$81.36M | -$75.08M | -$51.66M | -$41.82M | -$23.98M | -$35.69M | -$35.6M | -$8.59M | -$11.37M | -$6.47M | $5.89M | $4.24M | $4.23M | $3.69M | $4.47M | $2.86M | $2.26M | $62K | $840K | $1.29M | $4.31M | $2.28M | $2.63M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 |
| Operating Activities | ||||||||||||||||||||||||||||||
| Net Income | -$18.67M | $2.09M | $99.42M | $143.57M | $164.03M | $102.86M | $77.92M | $55.79M | $27.72M | $17.84M | $19.57M | $21.03M | $23.97M | $15.88M | $18.54M | $19.61M | $11.96M | $5.43M | $3.84M | $5.08M | $2.73M | $1.75M | $2.41M | $2.62M | $588K | $1.3M | -$3.19M | -$949K | -$3.7M | $320K |
| Depreciation & Amortization | $14.24M | $12.71M | $13.11M | $10.98M | $6.81M | $4.32M | $4.62M | $4.43M | $4.21M | $5.41M | $7.12M | $8.05M | $7.9M | $8.38M | $8.34M | $5.86M | $5.27M | $4.57M | $3.47M | $2.4M | $1.74M | $1.31M | $648K | $321K | $211K | $219K | $232K | $431K | $875K | $662K |
| Deferred Income Tax | $11.46M | -$7.4M | $1.21M | -$924K | -$3.71M | $601K | $1.6M | -$2.69M | -$623K | -$2.83M | -$106K | $286K | -$888K | -$1.34M | $6.01M | -$70K | $0 | -$234K | -$390K | -$648K | $301K | $486K | $1.14M | -$925K | -$22K | -$787K | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $7.64M | $7.36M | $8.19M | $11.05M | $9.9M | $6.8M | $4.52M | $3.12M | $4.27M | $3.43M | $3.08M | $3.92M | $3.21M | $2.85M | $2.52M | $2.68M | $0 | $852K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $297K | -$4.06M | $122K | $815K | $246K | $17K | -$708K | $902K | -$671K | -$854K | $53K | -$228K | $43K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $22.19M | $12.17M | $64.27M | $61.19M | -$126.65M | -$4.62M | -$9.88M | -$18.66M | -$1.02M | -$4.98M | $2.4M | $1.8M | $2.75M | -$835K | -$435K | -$8.3M | $2.62M | -$4.67M | -$926K | -$3.14M | -$1.23M | -$1.26M | -$1.73M | -$619K | -$29K | -$62K | $762K | -$321K | $137K | -$830K |
| Accounts Payable | -$23.91M | -$34.99M | -$35.71M | -$37.59M | $0 | $0 | $0 | $15.8M | $8.01M | $197K | -$2.13M | -$1.04M | -$282K | $8.5M | $0 | $8.94M | -$2.11M | $850K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$8.09M | $13.08M | -$8.28M | -$1.94M | $39.01M | $31.23M | $6.46M | $2.27M | -$1.02M | $300K | $3.55M | -$5.2M | $972K | $4.56M | $528K | -$206K | -$139K | -$999K | $1.06M | $1.21M | -$840K | -$46K | -$954K | $937K | -$106K | -$589K | $858K | -$1.38M | -$125K | -$315K |
| Total Working Capital Change | -$9.8M | -$9.74M | $20.28M | $21.65M | -$87.65M | $26.9M | -$7.49M | -$467K | $6.78M | -$4.23M | $3.84M | -$5.15M | $4.34M | $11.55M | -$761K | $486K | $150K | -$4.78M | $135K | -$1.93M | -$2.06M | -$1.31M | -$2.68M | $318K | -$135K | -$651K | $1.62M | -$1.7M | $12K | -$1.15M |
| Other Non-Cash Items | $2M | $19.46M | $5.46M | $8.24M | $5.16M | $3.72M | $3.1M | $622K | $879K | $5.74M | -$4.09M | -$2.6M | $3.83M | $2.94M | $207K | $205K | $2.93M | -$350K | $811K | $703K | $509K | $98K | $235K | $119K | $9K | -$106K | $1.19M | $191K | $907K | -$57K |
| Net Cash from Operating | $6.86M | $24.48M | $147.66M | $194.57M | $94.55M | $145.2M | $84.26M | $60.82M | $43.24M | $25.35M | $29.41M | $25.54M | $42.36M | $40.26M | $34.87M | $28.77M | $20.31M | $5.5M | $7.95M | $5.84M | $3.21M | $2.33M | $1.75M | $2.46M | $651K | -$22K | -$148K | -$2.03M | -$1.9M | -$220K |
| Investing Activities | ||||||||||||||||||||||||||||||
| Capital Expenditures | -$5.61M | -$7.45M | -$6.48M | -$16.68M | -$34.21M | -$5.89M | -$10.06M | -$4.94M | -$3.24M | -$2.88M | -$2.82M | -$7.02M | -$11.61M | -$11.38M | -$14.66M | -$12.05M | -$5.35M | -$7.44M | -$7.96M | -$7.98M | -$1.67M | -$1.99M | -$3.33M | -$3.98M | -$46K | -$123K | -$28K | -$213K | -$155K | -$274K |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $196K | $81K | $676K | $0 | $0 | $0 | $0 | $387K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4K | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$84.41M | -$46.59M | -$54.56M | $0 | $0 | $0 | $0 | $0 | -$6.96M | -$26.58M | -$9.25M | -$26.08M | -$25.36M | -$8.39M | -$10.28M | -$16.97M | -$2.58M | $0 | -$4K | $0 | -$84K | -$112K | -$3.98M | -$409K | -$200K | -$200K | $0 | $0 | $0 | $0 |
| Sales of Investments | $78.78M | $27.43M | $0 | $5.27M | $5.14M | $4.61M | $3.73M | $3.54M | $6.95M | $26.74M | $11.88M | $29.64M | $14.36M | $8.11M | $8.06M | $5.49M | $0 | $129K | $0 | $1.24M | $0 | $1.45M | $418K | $319K | $100K | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $3.31M | $95K | $0 | $0 | $0 | $0 | $0 | $196K | $81K | $676K | $2.63M | $950K | -$11.22M | -$3.54M | -$387K | $0 | $0 | -$13K | $0 | $0 | -$276K | -$3.29M | -$2.13M | -$505K | $0 | $0 | $0 | $13K | $2.48M | -$660K |
| Net Cash from Investing | -$7.93M | -$26.52M | -$61.05M | -$11.41M | -$29.06M | -$1.28M | -$6.33M | -$1.2M | -$3.16M | -$2.04M | -$189K | -$2.52M | -$22.6M | -$11.66M | -$16.87M | -$23.54M | -$7.93M | -$7.31M | -$7.97M | -$6.75M | -$2.03M | -$3.94M | -$9.03M | -$4.57M | -$146K | -$323K | -$28K | -$200K | $2.32M | -$934K |
| Financing Activities | ||||||||||||||||||||||||||||||
| Debt Repaid | - | - | - | - | - | - | - | - | - | $219K | $255K | $222K | $3.64M | $1.44M | $1.14M | $441K | $1.32M | -$1.3M | $449K | $481K | $473K | $614K | -$2.29M | -$2.76M | $365K | -$219K | -$244K | -$1.56M | $383K | -$203K |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $811K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $34K | $214K | $30K | $216K | $795K | $66K | $7K | $6.72M | $161K | $250K | $125K | $0 | $977K | $0 | $100K |
| Common Stock Repurchases | -$369K | -$836K | -$6.96M | -$127.96M | -$62.09M | -$5.55M | -$47.21M | -$30.71M | -$2.54M | -$1.34M | -$11.81M | -$35.05M | -$20.08M | -$2.76M | -$20.39M | -$35K | -$102K | $0 | -$309K | -$420K | -$452K | $0 | -$150K | -$152K | -$170K | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$195K | -$715K | -$73.02M | -$71.62M | -$63.86M | -$53.19M | -$35.4M | -$23.16M | -$15.39M | -$11.89M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$45K | -$94K | -$52K | -$51K | -$51K | $0 | $0 | $0 |
| Other Financing Activities | $0 | $36K | $188K | $0 | $0 | $1.6M | $278K | $547K | $568K | $529K | $336K | $327K | $409K | $1.28M | $626K | $1.8M | -$303K | $0 | -$39K | -$14K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Financing | -$564K | -$1.51M | -$79.79M | -$199.58M | -$125.13M | -$57.14M | -$82.32M | -$53.33M | -$17.36M | -$12.92M | -$11.73M | -$34.94M | -$23.31M | -$2.92M | -$20.9M | $1.33M | -$1.51M | $1.46M | $1.13M | $503K | -$309K | -$304K | $8.96M | $2.68M | -$337K | $293K | $193K | $2.47M | -$451K | $1.09M |
| Forex Effect | $4K | $47K | -$72K | -$67K | $112K | -$21K | $1K | -$2K | -$71K | $7K | $87K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$1.63M | -$3.51M | $6.75M | -$16.49M | -$59.54M | $86.75M | -$4.39M | $6.29M | $22.64M | $10.4M | $17.58M | -$11.92M | -$3.56M | $25.68M | -$2.9M | $6.56M | $10.87M | -$354K | $1.11M | -$399K | $872K | -$1.91M | $1.69M | $567K | $168K | -$52K | $17K | $248K | -$31K | -$62K |
| Supplementary Data | ||||||||||||||||||||||||||||||
| Operating Cash Flow | $6.86M | $24.48M | $147.66M | $194.57M | $94.55M | $145.2M | $84.26M | $60.82M | $43.24M | $25.35M | $29.41M | $25.54M | $42.36M | $40.26M | $34.87M | $28.77M | $20.31M | $5.5M | $7.95M | $5.84M | $3.21M | $2.33M | $1.75M | $2.46M | $651K | -$22K | -$148K | -$2.03M | -$1.9M | -$220K |
| Capital Expenditure | -$5.61M | -$7.45M | -$6.48M | -$16.68M | -$34.21M | -$5.89M | -$10.06M | -$4.94M | -$3.24M | -$2.88M | -$2.82M | -$7.02M | -$11.61M | -$11.38M | -$14.66M | -$12.05M | -$5.35M | -$7.44M | -$7.96M | -$7.98M | -$1.67M | -$1.99M | -$3.33M | -$3.98M | -$46K | -$123K | -$28K | -$213K | -$155K | -$274K |
| Free Cash Flow | $1.25M | $17.02M | $141.17M | $177.89M | $60.34M | $139.31M | $74.2M | $55.88M | $39.99M | $22.47M | $26.59M | $18.51M | $30.75M | $28.88M | $20.21M | $16.71M | $14.96M | -$1.95M | -$11K | -$2.14M | $1.54M | $341K | -$1.58M | -$1.52M | $605K | -$145K | -$176K | -$2.24M | -$2.06M | -$494K |
| Cash at Beginning | $90.93M | $94.44M | $87.69M | $104.18M | $163.72M | $76.97M | $81.36M | $75.08M | $52.44M | $42.04M | $24.46M | $36.38M | $39.94M | $14.26M | $17.16M | $10.6M | $1.84M | $2.19M | $1.08M | $1.48M | $612K | $2.52M | $837K | $270K | $102K | $154K | $137K | $255K | $286K | $348K |
| Cash at End | $89.3M | $90.93M | $94.44M | $87.69M | $104.18M | $163.72M | $76.97M | $81.36M | $75.08M | $52.44M | $42.04M | $24.46M | $36.38M | $39.94M | $14.26M | $17.16M | $12.71M | $1.84M | $2.19M | $1.08M | $1.48M | $612K | $2.52M | $837K | $270K | $102K | $154K | $503K | $255K | $286K |