Mannatech Reports Financial Results for Second Quarter 2026

FLOWER MOUND, Texas, Aug. 12, 2026 (GLOBE NEWSWIRE) -- Mannatech, Incorporated (NASDAQ: MTEX), ("Mannatech" or "Company"), global health and wellness company committed to transforming lives to make a better world, today announced financial results for its second quarter of 2026. Second Quarter Results Net sales for the three months ended June 30, 2026 were $26.7 million, an increase of $1.0 million, as compared to the same period in 2025. On a Constant dollar basis (see Non-GAAP Measures, below) our net sales increased $1.3 million, or 5.1%, and foreign exchange caused a $0.3 million decrease in GAAP net sales as compared to the same period in 2025.Gross profit as a percentage of net sales increased to 76.9% for the three months ended June 30, 2026, as compared to 73.6% for the same period in 2025.For the three months ended June 30, 2026, selling and administrative expenses decreased by $1.8 million, or 16.7%, to $9.0 million, as compared to the same period in 2025. Selling and administrative expenses, as a percentage of net sales, for the three months ended June 30, 2026 decreased to 33.7% from 42.0% for the same period in 2025.Income from operations was $1.0 million for the three months ended June 30, 2026 as compared to a loss from operations of $1.4 million in the same period in 2025.Income tax expense was $0.2 million for the three months ended June 30, 2026 as compared to less than $0.1 million for the same period in 2025.Net income was $1.0 million for the three months ended June 30, 2026, or $0.53 per diluted share, as compared to a net loss of $4.3 million, or $2.27 per diluted share for the three months ended June 30, 2025.As of June 30, 2026, the Company's cash and cash equivalents decreased 2.4%, or $0.2 million, to $6.0 million from $6.2 million as of December 31, 2025.The approximate number of new and continuing independent associate and preferred customer positions held by individuals in Mannatech’s network and associated with purchases of its products as of June 30, 2026 was approximately 116,000, as compared to 125,000 in the same period in 2025. Recruiting new associates and preferred customers increased 33.3% in the second quarter of 2026 as compared to the second quarter of 2025. Management's Statement Changes in current trade policies, including with respect to tariffs, could affect our cost structure and profitability. While we take steps to mitigate or avoid these increased costs and disruptions, our ability to do so may be limited by operational and supply chain constraints and uncertainties, especially in the short term. Non-GAAP Financial Measures In addition to results presented in accordance with GAAP, this press release and related tables include certain non-GAAP financial measures, including a presentation of Constant dollar measures. The company discloses operating results that have been adjusted to exclude the impact of changes due to the translation of foreign currencies into U.S. dollars, including changes in: Net Sales, Gross Profit, and Loss from Operations. The Company believes that these non-GAAP financial measures provide useful information to investors because they are an indicator of the strength and performance of ongoing business operations. The constant currency figures are financial measures used by management to provide investors with an additional perspective on trends. Although management believes the non-GAAP financial measures enhance investors’ understanding of their business and performance, these non-GAAP financial measures should not be considered an exclusive alternative to accompanying GAAP financial measures. Please see the accompanying table entitled "Non-GAAP Financial Measures" for a reconciliation of these non-GAAP financial measures. Safe Harbor statement This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by use of phrases or terminology such as “may,” “will,” “should,” "hope," “could,” “would,” “expects,” “plans,” “intends,” “anticipates,” “believes,” “estimates,” “approximates,” “predicts,” “projects,” “potential,” and “continues” or other similar words or the negative of such terminology. Similarly, descriptions of Mannatech’s objectives, strategies, plans, goals or targets contained herein are also considered forward-looking statements. Mannatech believes this release should be read in conjunction with all of its filings with the United States Securities and Exchange Commission and cautions its readers that these forward-looking statements are subject to certain events, risks, uncertainties, and other factors. Some of these factors include, among others, Mannatech’s inability to attract and retain associates and members, increases in competition, litigation, regulatory changes, and its planned growth into new international markets. Although Mannatech believes that the expectations, statements, and assumptions reflected in these forward-looking statements are reasonable, it cautions readers to always consider all of the risk factors and any other cautionary statements carefully in evaluating each forward-looking statement in this release, as well as those set forth in its latest Annual Report on Form 10-K, and other filings filed with the United States Securities and Exchange Commission, including its current reports on Form 8-K. All of the forward-looking statements contained herein speak only as of the date of this release. ^ Mannatech operates in China under a cross-border e-commerce platform that is separate from its network marketing model. Individuals interested in Mannatech's products or in exploring its business opportunity can learn more at Mannatech.com. Contact Information: Erin K. Barta General Counsel and Corporate Secretary 214-724-3378 ir@mannatech.com www.mannatech.com MANNATECH, INCORPORATED AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS -(UNAUDITED) (in thousands, except share and per share information) June 30, 2026 December 31, 2025 ASSETS Cash and cash equivalents$6,034 $6,185 Restricted cash 218 550 Accounts receivable, net of allowance of $308 and $756 137 1 Income tax receivable 386 736 Inventories, net 9,593 10,123 Prepaid expenses and other current assets 2,009 1,701 Deferred commissions 1,035 1,280 Total current assets 19,412 20,576 Property and equipment, net 2,749 3,140 Operating lease right-of-use assets 2,515 3,292 Other assets 2,570 2,751 Deferred tax assets, net — — Long-term restricted cash 223 234 Total assets$27,469 $29,993 LIABILITIES AND SHAREHOLDERS’ DEFICIT Commissions and incentives payable$5,832 $7,118 Accrued expenses 2,939 3,128 Deferred revenue 1,761 3,086 Accounts payable 3,671 2,410 Current portion of operating lease liabilities 1,584 1,671 Taxes payable 511 1,029 Current notes payable 266 — Current portion of finance lease liabilities 301 293 Total current liabilities 16,865 18,735 Long-term notes payable 2,750 2,750 Operating lease liabilities, excluding current portion 1,474 2,253 Other long-term liabilities 1,364 1,340 Finance lease liabilities, excluding current portion 236 388 Deferred tax liabilities, net 9,750 9,750 Total liabilities 32,439 35,216 Commitments and contingencies (Note 8) Shareholders’ deficit: Preferred stock, $0.01 par value, 1,000,000 shares authorized, no shares issued or outstanding — — Common stock, $0.0001 par value, 99,000,000 shares authorized, 2,742,857 shares issued and 1,929,670 shares outstanding as of June 30, 2026 and 2,742,857 shares issued and 1,900,930 shares outstanding as of December 31, 2025 — — Additional paid-in capital 32,692 33,032 Accumulated deficit (12,059) (14,024)Accumulated other comprehensive loss (6,709) (4,669)Treasury stock, at average cost, 813,187 shares as of June 30, 2026 and 841,927 shares as of December 31, 2025 (18,894) (19,562)Total shareholders’ deficit (4,970) (5,223)Total liabilities and shareholders’ deficit$27,469 $29,993 MANNATECH, INCORPORATED AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - (UNAUDITED) (in thousands, except per share information) Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 Net sales$26,650 $25,679 $51,567 $52,242 Cost of sales 6,164 6,778 12,220 13,605 Gross profit 20,486 18,901 39,347 38,637 Operating expenses: Commissions and incentives 10,512 9,567 20,270 20,120 Selling and administrative expenses 8,976 10,777 18,258 20,793 Total operating expenses 19,488 20,344 38,528 40,913 Income (loss) from operations 998 (1,443) 818 (2,276)Interest expense, net (117) (102) (221) (175)Other income (expense), net 284 (2,744) 1,679 (3,162)Income (loss) before income taxes 1,165 (4,289) 2,276 (5,613)Income tax expense (150) (23) (311) (229)Net income (loss)$1,015 $(4,312) $1,965 $(5,842)Income (loss) per common share: Basic$0.53 $(2.27) $1.02 $(3.07)Diluted$0.53 $(2.27) $1.02 $(3.07)Weighted-average common shares outstanding: Basic 1,930 1,901 1,930 1,901 Diluted 1,930 1,901 1,930 1,901 Net sales by region for the three and six months ended June 30, 2026 and 2025 were as follows (in millions, except percentages): Three Months Ended Six Months Ended June 30, June 30, Region2026 2025 2026 2025 Americas$8.4 31.5% $8.3 32.3% $15.1 29.3% $17.2 33.0%Asia/Pacific 15.9 59.6% 15.3 59.5% 31.7 61.4% 30.7 58.8%EMEA 2.4 9.0% 2.1 8.2% 4.8 9.3% 4.3 8.2%Total net sales$26.7 100.0% $25.7 100.0% $51.6 100.0% $52.2 100.0% Non-GAAP Financial Measures (Sales, Gross Profit and Loss from Operations in Constant Dollars) To supplement its financial results presented in accordance with generally accepted accounting principles in the United States (“GAAP”), Mannatech discloses operating results that have been adjusted to exclude the impact of changes due to the translation of foreign currencies into U.S. dollars, including changes in: Net Sales, Gross Profit, and Income (Loss) from Operations. It refers to these adjusted financial measures as Constant dollar items, which are non-GAAP financial measures. The company believes these measures provide investors with an additional perspective on trends. To exclude the impact of changes due to the translation of foreign currencies into U.S. dollars, it calculates current year results and prior year results at a constant exchange rate, which is the prior year’s rate. Currency impact is determined as the difference between the actual GAAP results and the recalculated results for the current year at the Constant dollar rates. The tables below reconcile second quarter and year-to-date 2026 Constant dollar net sales, gross profit and income (loss) from operations to GAAP net sales, gross profit and income (loss) from operations. (in millions, except percentages): Three-month period endedJune 30, 2026 June 30, 2025 Constant $ Change GAAP Non-GAAP GAAP Measure: Translation Measure: Measure: Total $ Adjustment Constant $ Total $ Dollar Percent Net sales$26.7 $0.3 $27.0 $25.7 $1.3 5.1%Gross profit$20.5 $0.3 $20.8 $18.9 $1.9 10.1%Income (loss) from operations$1.0 $0.0 $1.0 $(1.4) $2.4 (171.4)%Six-month period endedJune 30, 2026 June 30, 2025 Constant $ Change GAAP Non-GAAP GAAP Measure: Translation Measure: Measure: Total $ Adjustment Constant $ Total $ Dollar Percent Net sales$51.6 $(0.2) $51.4 $52.2 $(0.8) (1.5)%Gross profit$39.3 $(0.1) $39.2 $38.6 $0.6 1.6%Income (loss) from operations$0.8 $(0.1) $0.7 $(2.3) $3.0 (130.4)% Source: Mannatech Inc