NHTC

MKT CAP:$34M

Natural Health Trends Corp.

Market Cap

$34M

Consumer Cyclical·Specialty Retail·🇭🇰 Hong Kong·NASDAQ

Consumer Cyc.·Specialty Retail·🇭🇰·NASDAQ

Stock Price

$2.93-$0.15 (-4.87%)

Apr 22, 2026

Company Details

Natural Health Trends Corp., a direct-selling and e-commerce company, provides personal care, wellness, and lifestyle products under the NHT Global brand. The company offers wellness products, including liquid, encapsulated, tableted, and p...

CEO

Chris T. Sharng

IPO Date

Jun 22, 1995

Website

www.naturalhealthtrendscorp.com

Key Metrics TTM

Revenue

$40M

-7.4% YoY

Net Income

-$882.0K

EPS (Diluted)

-$0.08

Free Cash Flow

-$5M

Revenue / Share

$3.46

Gross Margin

73.5%

Operating Margin

-4.5%

Net Margin

-2.2%

FCF Margin

-12.4%

P/S

0.8x

P/E

—

Earnings Reports

Q1 2026

Apr 28, 2026

PENDING

FY 2025

Feb 20, 2026

$40M-7.4%EPS -$0.08

Q4 2025

Feb 20, 2026

$10M-10.1%EPS -$0.05

Q3 2025

Nov 5, 2025

$9M-11.4%EPS -$0.04

Q2 2025

Jul 30, 2025

$10M-6.3%EPS $0.00

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$12M	$9M	-$383.0K
Q2 22	$13M	$10M	$215.0K
Q3 22	$12M	$9M	-$145.0K
Q4 22	$13M	$9M	$43.0K
Q1 23	$12M	$9M	-$394.0K
Q2 23	$11M	$8M	-$743.0K
Q3 23	$11M	$8M	-$292.0K
Q4 23	$11M	$8M	-$242.0K
Q1 24	$11M	$8M	-$365.0K
Q2 24	$10M	$8M	-$238.0K
Q3 24	$11M	$8M	-$275.0K
Q4 24	$11M	$8M	-$421.0K
Q1 25	$11M	$8M	-$345.0K
Q2 25	$10M	$7M	-$333.0K
Q3 25	$9M	$7M	-$495.0K
Q4 25	$10M	$7M	-$635.0K

Valuation

Quarter	P/S	P/E
Q1 22	0.6x	40.6x
Q2 22	0.6x	43.0x
Q3 22	0.6x	94.0x
Q4 22	0.7x	107.2x
Q1 23	0.7x	49.7x
Q2 23	0.7x	123.0x
Q3 23	0.7x	84.3x
Q4 23	0.8x	59.1x
Q1 24	0.8x	67.3x
Q2 24	0.8x	37.7x
Q3 24	0.8x	44.5x
Q4 24	0.8x	58.7x
Q1 25	0.8x	66.3x
Q2 25	0.8x	96.5x
Q3 25	0.8x	—
Q4 25	0.8x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$2M	-$2M
Q2 22	-$1M	-$1M
Q3 22	-$2M	-$2M
Q4 22	$938.0K	$925.0K
Q1 23	-$696.0K	-$703.0K
Q2 23	-$3M	-$3M
Q3 23	-$869.0K	-$887.0K
Q4 23	-$69.0K	-$83.0K
Q1 24	$549.0K	$538.0K
Q2 24	-$4M	-$4M
Q3 24	-$436.0K	-$443.0K
Q4 24	$88.0K	$68.0K
Q1 25	$484.0K	$468.0K
Q2 25	-$6M	-$6M
Q3 25	$113.0K	$70.0K
Q4 25	$183.0K	$178.0K

Capital Expenditures

Quarter	CapEx
Q1 22	$40.0K
Q2 22	$38.0K
Q3 22	$52.0K
Q4 22	$13.0K
Q1 23	$7.0K
Q2 23	$7.0K
Q3 23	$18.0K
Q4 23	$14.0K
Q1 24	$11.0K
Q2 24	$19.0K
Q3 24	$7.0K
Q4 24	$20.0K
Q1 25	$16.0K
Q2 25	$4.0K
Q3 25	$43.0K
Q4 25	$5.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	-14.3%	-10.0%
Q2 22	-17.3%	-16.6%
Q3 22	-17.9%	-14.0%
Q4 22	-22.3%	-20.2%
Q1 23	+2.7%	+2.7%
Q2 23	-21.3%	-14.4%
Q3 23	-9.4%	-8.0%
Q4 23	-12.6%	-10.3%
Q1 24	-7.7%	-7.7%
Q2 24	-0.3%	-4.8%
Q3 24	+0.7%	+0.5%
Q4 24	-0.8%	+0.8%
Q1 25	-2.0%	-2.1%
Q2 25	-6.3%	-5.3%
Q3 25	-11.4%	-9.1%
Q4 25	-10.1%	-7.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$0	0.0%
Q2 22	$153.0K	1.1%
Q3 22	$126.0K	1.1%
Q4 22	$100.0K	0.8%
Q1 23	$46.0K	0.4%
Q2 23	$39.0K	0.4%
Q3 23	$38.0K	0.4%
Q4 23	$38.0K	0.3%
Q1 24	$37.0K	0.3%
Q2 24	$38.0K	0.4%
Q3 24	$34.0K	0.3%
Q4 24	$36.0K	0.3%
Q1 25	$34.0K	0.3%
Q2 25	$34.0K	0.3%
Q3 25	$35.0K	0.4%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q1 22	$4M	$5M
Q2 22	$4M	$6M
Q3 22	$4M	$5M
Q4 22	$4M	$5M
Q1 23	$4M	$5M
Q2 23	$4M	$5M
Q3 23	$4M	$4M
Q4 23	$4M	$5M
Q1 24	$4M	$4M
Q2 24	$4M	$4M
Q3 24	$4M	$4M
Q4 24	$4M	$5M
Q1 25	$4M	$4M
Q2 25	$4M	$4M
Q3 25	$4M	$4M
Q4 25	$4M	$4M

Revenue Segments

Quarter	Administrative Fees, Freight and Other	Product
Q1 25	$277.0K	$11M
Q2 25	$262.0K	$10M

Revenue by Geography

Quarter	Canada	China	Europe	Hong Kong	Japan	Malaysia and Singapore	Other Foreign Countries	Russia and Kazakhstan	Taiwan	United States
Q1 25	$101.0K	$234.0K	$150.0K	$9M	$64.0K	$50.0K	$61.0K	$97.0K	$322.0K	$286.0K
Q2 25	$130.0K	$219.0K	$120.0K	$8M	$82.0K	$82.0K	$60.0K	$101.0K	$396.0K	$299.0K

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$79M	$0	$79M
Q2 22	$76M	$0	$76M
Q3 22	$71M	$0	$71M
Q4 22	$70M	$0	$70M
Q1 23	$67M	$0	$67M
Q2 23	$62M	$0	$62M
Q3 23	$58M	$0	$58M
Q4 23	$56M	$0	$56M
Q1 24	$26M	$29M	$54M
Q2 24	$16M	$33M	$49M
Q3 24	$23M	$23M	$46M
Q4 24	$14M	$30M	$44M
Q1 25	$22M	$20M	$42M
Q2 25	$11M	$24M	$34M
Q3 25	$14M	$18M	$32M
Q4 25	$7M	$22M	$29M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	11M	-1.5%	-1.5%
Q2 22	11M	+1.5%	0.0%
Q3 22	11M	-0.0%	-0.0%
Q4 22	11M	0.0%	-0.0%
Q1 23	11M	+0.0%	+1.5%
Q2 23	11M	+0.0%	+0.1%
Q3 23	11M	+0.2%	+0.3%
Q4 23	11M	+0.1%	+0.3%
Q1 24	11M	+0.1%	+0.4%
Q2 24	11M	+0.1%	+0.4%
Q3 24	11M	+0.1%	+0.3%
Q4 24	11M	-0.0%	+0.2%
Q1 25	11M	+0.0%	+0.1%
Q2 25	11M	+0.1%	+0.1%
Q3 25	12M	+0.0%	+0.1%
Q4 25	12M	+0.1%	+0.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$82.5K	140
Q2 22	$95.4K	140
Q3 22	$83.7K	140
Q4 22	$89.4K	140
Q1 23	$84.7K	140
Q2 23	$75.1K	140
Q3 23	$75.8K	140
Q4 23	$78.7K	139
Q1 24	$78.8K	139
Q2 24	$75.4K	139
Q3 24	$76.9K	139
Q4 24	$81.5K	133
Q1 25	$80.7K	133
Q2 25	$73.8K	133
Q3 25	$71.3K	133
Q4 25	$81.2K	120

Revenue / Employee