Earnings Releases·Nov 12, 2026, 4:03 PM ET

Mannatech — Third Quarter 2026 Earnings Summary

Net sales declined 14.6% year-over-year to $24.9 million, while operating income fell to $0.3 million from $2.0 million and gross margins compressed to 74.7% from 76.4%.
Reported net income of $8.9 million ($4.61 per share) was driven entirely by a $10.9 million non-cash income tax benefit; excluding this item, the company reported a pre-tax loss of $2.0 million compared to $2.5 million in pre-tax income the prior year.
Shareholders' equity turned positive to $5.2 million following an internal restructuring completed in October 2026 that resolved a prior equity deficit and satisfied Nasdaq listing requirements, though the transaction generated no cash.
Operational headwinds persist with a 30.5% drop in new associate recruitment, a decline in independent associate positions to 111,000, and a 12.4% reduction in cash reserves to $5.4 million.
Management warns that trade policy changes and supply chain constraints may limit the ability to mitigate rising costs, with no specific financial guidance provided for future periods.