MTEX

MKT CAP:$9M

Mannatech, Incorporated

Market Cap

$9M

Consumer Defensive·Household & Personal Products·🇺🇸 United States·NASDAQ

Consumer Def.·Household·🇺🇸·NASDAQ

Stock Price

$4.76-$3.59 (-42.99%)

Apr 24, 2026

Company Details

Mannatech, Incorporated operates as a health and wellness company worldwide. It develops, markets, and sells nutritional supplements; topical and skin care, and anti-aging products; and weight-management products. The company primarily sell...

CEO

Landen Granvel Fredrick

IPO Date

Feb 16, 1999

Website

www.mannatech.com

Key Metrics TTM

Revenue

$108M

-8.3% YoY

Net Income

-$15M

EPS (Diluted)

-$8.00

Free Cash Flow

-$4M

Revenue / Share

$56.83

Gross Margin

74.9%

Operating Margin

-0.4%

Net Margin

-14.1%

FCF Margin

-4.0%

P/S

0.1x

P/E

—

Earnings Reports

FY 2025

Apr 15, 2026

NEW

$108M-8.3%EPS -$8.00

Q4 2025

Apr 15, 2026

NEW

$27M-8.2%EPS -$5.94

Q3 2025

Nov 12, 2025

$29M-8.1%EPS $1.01

Q2 2025

Aug 12, 2025

$26M-7.4%EPS -$2.27

Q1 2025

May 13, 2025

$27M-9.6%EPS -$0.80

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 21	$39M	$30M	$956.0K
Q1 22	$32M	$25M	$35.0K
Q2 22	$35M	$27M	$853.0K
Q3 22	$36M	$27M	$1M
Q1 23	$34M	$26M	$713.0K
Q2 23	$33M	$25M	-$954.0K
Q3 23	$33M	$26M	$172.0K
Q4 23	$33M	$25M	-$895.0K
Q1 24	$29M	$23M	$820.0K
Q2 24	$28M	$21M	-$1M
Q3 24	$32M	$24M	$887.0K
Q4 24	$29M	$23M	$864.0K
Q1 25	$27M	$20M	-$833.0K
Q2 25	$26M	$18M	-$1M
Q3 25	$29M	$22M	$2M
Q4 25	$27M	$21M	-$157.0K

Valuation

Quarter	P/S	P/E
Q4 21	0.5x	8.3x
Q1 22	0.5x	9.9x
Q2 22	0.2x	5.2x
Q3 22	0.3x	9.0x
Q1 23	0.2x	12.3x
Q2 23	0.2x	16.3x
Q3 23	0.1x	28.1x
Q4 23	0.1x	—
Q1 24	0.1x	—
Q2 24	0.1x	—
Q3 24	0.1x	—
Q4 24	0.2x	10.6x
Q1 25	0.2x	—
Q2 25	0.2x	—
Q3 25	0.1x	—
Q4 25	0.2x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 21	-$72.0K	-$209.0K
Q1 22	$580.0K	$389.0K
Q2 22	$893.0K	$548.0K
Q3 22	-$1M	-$1M
Q1 23	$1M	$1M
Q2 23	-$3M	-$3M
Q3 23	$287.0K	$101.0K
Q4 23	-$1M	-$2M
Q1 24	$2M	$2M
Q2 24	-$3M	-$3M
Q3 24	$3M	$3M
Q4 24	-$219.0K	-$113.0K
Q1 25	-$1M	-$2M
Q2 25	-$4M	-$4M
Q3 25	$2M	$2M
Q4 25	-$289.0K	-$463.0K

Capital Expenditures

Quarter	CapEx
Q4 21	$137.0K
Q1 22	$191.0K
Q2 22	$345.0K
Q3 22	$353.0K
Q1 23	$104.0K
Q2 23	$250.0K
Q3 23	$186.0K
Q4 23	$208.0K
Q1 24	$61.0K
Q2 24	$82.0K
Q3 24	$260.0K
Q4 24	$106.0K
Q1 25	$489.0K
Q2 25	$142.0K
Q3 25	$548.0K
Q4 25	$174.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 21	+0.8%	-1.7%
Q1 22	-15.5%	-9.0%
Q2 22	-17.7%	-15.7%
Q3 22	-10.0%	-5.5%
Q1 23	-13.6%	-13.3%
Q2 23	+0.6%	+3.7%
Q3 23	-6.9%	-5.1%
Q4 23	-7.9%	-1.7%
Q1 24	-13.8%	-14.5%
Q2 24	-14.9%	-13.9%
Q3 24	-2.5%	-4.8%
Q4 24	-11.3%	-16.2%
Q1 25	-9.6%	-4.1%
Q2 25	-7.4%	-6.1%
Q3 25	-8.1%	-11.9%
Q4 25	-8.2%	-4.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 21	$8.0K	0.0%
Q1 22	$247.0K	0.8%
Q2 22	$0	0.0%
Q3 22	$11.0K	0.0%
Q1 23	$234.0K	0.7%
Q2 23	$17.0K	0.1%
Q3 23	$8.0K	0.0%
Q4 23	$19.0K	0.1%
Q1 24	$212.0K	0.7%
Q2 24	$0	0.0%
Q3 24	$23.0K	0.1%
Q4 24	$22.0K	0.1%
Q1 25	$263.0K	1.0%
Q2 25	$158.0K	0.6%
Q3 25	$0	0.0%
Q4 25	-$42.0K	-0.2%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q4 21	—	—	$29M
Q1 22	—	—	$25M
Q2 22	—	—	$26M
Q3 22	—	—	$26M
Q1 23	—	—	$26M
Q2 23	—	—	$26M
Q3 23	$7M	$13M	—
Q4 23	$28M	—	—
Q1 24	$10M	$12M	—
Q2 24	—	—	$11M
Q3 24	—	—	$10M
Q4 24	—	—	$22M
Q1 25	—	—	$10M
Q2 25	—	—	$20M
Q3 25	—	—	$20M
Q4 25	—	—	$32M

Revenue Segments

Quarter	Consolidated other, including freight	Consolidated pack sales	Consolidated product sales	Product	Product and Service, Other
Q4 21	$200.0K	$2M	$38M	—	—
Q1 22	$300.0K	$1M	$31M	—	—
Q2 22	$200.0K	$2M	$33M	—	—
Q3 22	$200.0K	$2M	$34M	—	—
Q1 23	$100.0K	$2M	$32M	—	—
Q2 23	$200.0K	$1M	$31M	—	—
Q3 23	$400.0K	$1M	$31M	—	—
Q4 23	$400.0K	$900.0K	$31M	—	—
Q1 24	$400.0K	$1M	$28M	—	—
Q2 24	$400.0K	$1M	$26M	—	—
Q3 24	$300.0K	$1M	$30M	—	—
Q4 24	$400.0K	$700.0K	$28M	—	—
Q1 25	$400.0K	$700.0K	$26M	—	—
Q3 25	—	—	—	$29M	$400.0K

Revenue by Geography

Quarter	Americas	Asia Pacific	Emea
Q1 22	$10M	$19M	$3M
Q2 22	$9M	$23M	$3M
Q3 22	$11M	$21M	$3M
Q1 23	$11M	$21M	$3M
Q2 23	$11M	$19M	$3M
Q3 23	$11M	$20M	$2M
Q1 24	$10M	$17M	$2M
Q2 24	$10M	$16M	$2M
Q3 24	$11M	$19M	$3M
Q1 25	$9M	$15M	$2M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$23M	$0	$23M
Q2 22	$21M	$0	$21M
Q3 22	$16M	$0	$16M
Q4 22	$14M	$0	$14M
Q1 23	$15M	$0	$15M
Q2 23	$9M	$0	$9M
Q3 23	$9M	$0	$9M
Q4 23	$8M	$0	$8M
Q1 24	$9M	$0	$9M
Q2 24	$9M	$938.0K	$10M
Q3 24	$12M	$0	$12M
Q4 24	$11M	$0	$11M
Q1 25	$9M	$0	$9M
Q2 25	$6M	$0	$6M
Q3 25	$8M	$0	$8M
Q4 25	$6M	$0	$6M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 21	2M	+1.8%	-2.5%
Q1 22	2M	+0.3%	-2.0%
Q2 22	2M	-2.1%	-5.0%
Q3 22	2M	-4.0%	-4.0%
Q1 23	2M	-3.0%	-8.6%
Q2 23	2M	-1.1%	-9.8%
Q3 23	2M	-0.4%	-8.3%
Q4 23	2M	-0.2%	-4.6%
Q1 24	2M	+1.3%	-0.4%
Q2 24	2M	+0.1%	+0.8%
Q3 24	2M	0.0%	+1.2%
Q4 24	2M	0.0%	+1.3%
Q1 25	2M	+0.8%	+0.9%
Q2 25	2M	0.0%	+0.8%
Q3 25	2M	0.0%	+0.8%
Q4 25	2M	0.0%	+0.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 21	$159.9K	247
Q1 22	$131.1K	247
Q2 22	$141.6K	247
Q3 22	$143.8K	247
Q1 23	$149.6K	228
Q2 23	$143.0K	228
Q3 23	$142.8K	228
Q4 23	$153.5K	213
Q1 24	$138.0K	213
Q2 24	$130.2K	213
Q3 24	$148.9K	213
Q4 24	$153.5K	189
Q1 25	$140.5K	189
Q2 25	$135.9K	189
Q3 25	$154.3K	189
Q4 25	$234	114K

Revenue / Employee