What is Natural Health Trends Corp.'s earnings per share (EPS)?

Natural Health Trends Corp. (NHTC) reported diluted earnings per share of -$0.08 for fiscal year 2025. This represents a -260.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Natural Health Trends (NHTC) Financials

NHTC NASDAQ

Trailing 12 months to September 30, 2026

Revenue $34.1M -16.5% YoY

Net Income -$1.4M n/m YoY

EPS (Diluted) -$0.15 n/m YoY

Free Cash Flow -$4.7M n/m YoY

Market Cap $7.4M as of Oct 27, 2026

Price / Sales 0.2x on $34.1M revenue, trailing 12 months to September 30, 2026

Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to September 30, 2026

Price / Book 0.5x on $15.0M equity, Q3 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 27, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Sep 30, 2026 Reported Oct 28, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q3 FY2026, filed Oct 28, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NHTC SEC filings page.

Natural Health Trends Corp. (NHTC) reported $34.1M in revenue over the twelve months to Sep 30, 2026, down 16.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI NHTC FY2025 2026-10-22

Sales have contracted while overhead stayed heavy, and dividends accompanied a shift from modest cash generation to cash consumption.

Gross margin stayed broadly stable, but SG&A increased from 29.7% of revenue in FY2021 to 37.1% in FY2025, indicating that the operating shortfall is increasingly tied to overhead absorption rather than product-level economics.

In FY2025, a net loss of $882K coincided with operating cash outflow of $6.0M, a much wider cash-to-earnings gap than accounting profit alone suggests. With capital expenditures of only $68K, the shortfall mainly reflects ongoing operations rather than heavy reinvestment.

Assets and liabilities both contracted sharply in FY2025, with liabilities declining slightly faster than assets; the balance sheet therefore reflects contraction rather than expansion. Current liquidity remained at 2.5x, while reported liquidity equaled 57.8 months of the latest annual operating outflow alongside $9.2M of dividends.

Financial Health Signals

Financial Health Score 34/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Natural Health Trends Corp.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Natural Health Trends Corp. has an operating margin of -4.5%, meaning the company loses $5 on every $100 of revenue. This results in a profitability score of 25/100. This is down from -3.0% the prior year.

Growth

Natural Health Trends Corp.'s revenue declined 7.4% year-over-year, from $43.0M to $39.8M. This contraction results in a growth score of 17/100.

Leverage

Liquidity

With a current ratio of 2.50, Natural Health Trends Corp. holds $2.50 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 70/100.

Cash Flow

Natural Health Trends Corp.'s operations used $6.0M of cash, and capex of $68K added to the outflow, for a free cash flow shortfall of $6.1M. This results in a cash flow score of 12/100.

Returns

Natural Health Trends Corp. posts a -3.8% return on equity (ROE), meaning it loses $4 for every $100 of shareholders' equity. This results in a returns score of 24/100. This is down from 1.7% the prior year.

Altman Z-Score Distress

0.49

Natural Health Trends Corp. scores 0.49, below the 1.81 distress threshold. The score is pulled down most by an accumulated deficit of $36.4M against total assets of $38.4M. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

3/8

Natural Health Trends Corp. passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). No profitability signals pass, all 2 leverage/liquidity signals pass, 1 of 2 operating efficiency signals passes.

Earnings Quality No Cash Backing

N/A

Natural Health Trends Corp. reported a net loss of $882K while operations used $6.0M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Key Financial Metrics

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Earnings & Revenue

Revenue

$7.6M

YoY-20.2%

QoQ-0.6%

5Y CAGR-11.9%

10Y CAGR-20.0%

Natural Health Trends Corp. generated $7.6M in revenue in Q3 2026. This represents a decrease of 20.2% from the same quarter a year earlier. Against the prior quarter it is down 0.6%.

EBITDA

-$243K

YoYn/m

QoQn/m

Natural Health Trends Corp.'s EBITDA was -$243K in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.

Net Income

-$232K

YoYn/m

QoQn/m

Natural Health Trends Corp. reported a net loss of $232K in Q3 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.

EPS (Diluted)

-$0.03

YoYn/m

QoQn/m

Natural Health Trends Corp. earned -$0.03 per diluted share (EPS) in Q3 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.

Cash & Balance Sheet

Free Cash Flow

-$1.1M

YoY-1670.0%

QoQn/m

5Y CAGRn/m

Natural Health Trends Corp. recorded an outflow of $1.1M in free cash flow in Q3 2026, representing a cash shortfall after capex. This represents a decrease of 1670.0% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.

Cash & Debt

$5.8M

YoY-59.4%

QoQ-38.8%

5Y CAGR-41.5%

10Y CAGR-25.8%

Natural Health Trends Corp. held $5.8M in cash as of Q3 2026; no long-term debt figure is on record for that period.

Shares Outstanding

YoY-26.2%

QoQ-1.0%

Natural Health Trends Corp. had 8M shares outstanding in Q3 2026. This represents a decrease of 26.2% from the same quarter a year earlier. Against the prior quarter it is down 1.0%.

Dividends Per Share

Not reported for Q3 2026.

Margins & Returns

Gross Margin

74.2%

YoY+0.4pp

QoQ-1.1pp

5Y change-0.2pp

10Y change-6.6pp

Natural Health Trends Corp.'s gross margin was 74.2% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is up 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.1 percentage points.

Operating Margin

-3.7%

YoY+1.6pp

QoQ+4.8pp

5Y change-7.0pp

10Y change-25.2pp

Natural Health Trends Corp.'s operating margin was -3.7% in Q3 2026, reflecting core business profitability. This is up 1.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.8 percentage points.

Net Margin

-3.1%

YoY+1.5pp

QoQ+2.9pp

5Y change-6.4pp

10Y change-20.8pp

Natural Health Trends Corp.'s net profit margin was -3.1% in Q3 2026, showing the share of revenue converted to profit. This is up 1.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.9 percentage points.

Return on Equity

-1.6%

YoY+0.1pp

QoQ+1.4pp

5Y change-2.3pp

10Y change-19.8pp

Natural Health Trends Corp.'s quarterly ROE was -1.6% in Q3 2026: one quarter's net income over shareholder equity, not annualized. This is up 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.4 percentage points.

Capital Allocation

Share Buybacks

$28K

YoYn/m

QoQn/m

Natural Health Trends Corp. spent $28K on share buybacks in Q3 2026, returning capital to shareholders by reducing shares outstanding. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.

Capital Expenditures

$7K

YoY-83.7%

QoQ-97.8%

5Y CAGR-17.2%

10Y CAGR-26.6%

Natural Health Trends Corp. invested $7K in capex in Q3 2026, funding long-term assets and infrastructure. This represents a decrease of 83.7% from the same quarter a year earlier. Against the prior quarter it is down 97.8%.

R&D Spending

Not reported for Q3 2026.

NHTC Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

NHTC quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$34.1M	$39.8M-7.4%	$43.0M-2.2%	$43.9M-10.6%	$49.1M-18.1%	$60.0M-3.3%	$62.1M-20.0%	$77.6M-59.6%	$191.9M-2.9%	$197.6M-31.3%	$287.7M+8.6%	$264.9M+112.6%	$124.6M+137.2%	$52.5M+40.0%	$37.5M+20.4%	$31.2M
Cost of Revenue	$8.8M	$10.5M-5.9%	$11.2M0.0%	$11.2M-11.7%	$12.7M-15.6%	$15.0M-11.7%	$17.0M-15.5%	$20.1M-48.9%	$39.4M+1.9%	$38.6M-29.6%	$54.9M+1.5%	$54.1M+100.5%	$27.0M+115.0%	$12.6M+29.6%	$9.7M+18.5%	$8.2M
Gross Profit	$25.3M	$29.3M-8.0%	$31.8M-2.9%	$32.7M-10.2%	$36.5M-18.9%	$45.0M-0.2%	$45.1M-21.6%	$57.5M-62.3%	$152.5M-4.0%	$158.9M-31.7%	$232.8M+10.5%	$210.8M+115.9%	$97.6M+144.2%	$40.0M+43.6%	$27.8M+21.0%	$23.0M
SG&A Expenses	$13.8M	$14.8M-4.9%	$15.5M-3.1%	$16.0M+0.1%	$16.0M-10.4%	$17.8M-2.0%	$18.2M-33.1%	$27.2M-13.1%	$31.3M-2.8%	$32.2M-25.5%	$43.2M+20.0%	$36.0M+83.0%	$19.7M+69.2%	$11.6M+23.6%	$9.4M+4.0%	$9.1M
Operating Income	-$2.0M	-$1.8Mn/m	-$1.3Mn/m	-$1.7Mn/m	-$270K-117.2%	$1.6M+134.8%	$669Kn/m	-$7.0M-120.8%	$33.7M-21.7%	$43.1M-32.9%	$64.1M+34.0%	$47.9M+130.0%	$20.8M+393.0%	$4.2M+59.7%	$2.6M+48.3%	$1.8M
EBITDA	N/A	-$1.7Mn/m	-$1.2Mn/m	-$1.5Mn/m	-$66K-103.5%	$1.9M+73.3%	$1.1Mn/m	-$6.6M-119.4%	$34.2M-21.7%	$43.6M-32.4%	$64.5M+34.0%	$48.1M+130.1%	$20.9M+387.9%	$4.3M+59.4%	$2.7M+29.3%	$2.1M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$16K
Income Tax	$215K	$315K+556.3%	$48K-72.9%	$177K-38.8%	$289K-32.0%	$425K-34.3%	$647K+4521.4%	$14K-99.6%	$3.5M-82.4%	$19.8M+120.8%	$9.0M+1528.8%	$552K+107.5%	$266K+160.8%	$102Kn/m	-$24Kn/m	-$298K
Net Income	-$1.4M	-$882K-254.2%	$572K+0.7%	$568K+81.5%	$313K-71.2%	$1.1M+28.7%	$843Kn/m	-$5.6M-118.1%	$31.0M+31.6%	$23.6M-57.2%	$55.1M+16.6%	$47.2M+131.9%	$20.4M+398.2%	$4.1M+55.5%	$2.6M+14.1%	$2.3M
EPS (Basic)	N/A	-$0.08-260.0%	$0.050.0%	$0.05+66.7%	$0.03-70.0%	$0.10+25.0%	$0.08n/m	-$0.52-118.9%	$2.75+31.0%	$2.10-56.6%	$4.84+26.0%	$3.84+129.9%	$1.67+363.9%	$0.36+50.0%	$0.24+14.3%	$0.21
EPS (Diluted)	-$0.15	-$0.08-260.0%	$0.050.0%	$0.05+66.7%	$0.03-66.7%	$0.09+28.6%	$0.07n/m	-$0.52-119.0%	$2.74+31.1%	$2.09-56.7%	$4.83+26.4%	$3.82+137.3%	$1.61+347.2%	$0.36+56.5%	$0.23+9.5%	$0.21
Diluted Shares (Avg)	N/A	11M+0.1%	11M+0.3%	11M+0.3%	11M0.0%	11M0.0%	11M+5.1%	11M-3.9%	11M+0.5%	11M-1.2%	11M-7.8%	12M-1.8%	13M+11.2%	11M+0.9%	11M+3.8%	11M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Revenue	$7.6M-20.2%	$7.6M-22.5%	$9.2M-14.3%	$9.7M-10.1%	$9.5M-11.4%	$9.8M-6.3%	$10.7M-2.0%	$10.8M-0.8%
Cost of Revenue	$2.0M-21.5%	$1.9M-26.4%	$2.3M-18.7%	$2.6M-5.7%	$2.5M-9.9%	$2.6M-5.2%	$2.8M-2.7%	$2.8M+0.5%
Gross Profit	$5.6M-19.8%	$5.7M-21.1%	$6.9M-12.7%	$7.1M-11.7%	$7.0M-11.8%	$7.3M-6.7%	$7.9M-1.7%	$8.0M-1.3%
SG&A Expenses	$3.2M-12.0%	$3.3M-9.0%	$3.5M-6.3%	$3.8M-2.6%	$3.6M-6.8%	$3.6M-6.2%	$3.8M-4.0%	$3.9M+2.1%
Operating Income	-$277Kn/m	-$643Kn/m	-$474Kn/m	-$635Kn/m	-$495Kn/m	-$333Kn/m	-$345Kn/m	-$421Kn/m
EBITDA	-$243Kn/m	-$620Kn/m	-$463Kn/m	-$613Kn/m	-$467Kn/m	-$304Kn/m	-$315Kn/m	-$390Kn/m
Income Tax	$67K-52.8%	-$2Kn/m	-$25Kn/m	$175Kn/m	$142K+8.4%	$0-100.0%	-$2K-120.0%	-$201K-286.1%
Net Income	-$232Kn/m	-$451K-3106.7%	-$154K-226.2%	-$588K-434.1%	-$431K-1331.4%	$15K-91.3%	$122K-35.1%	$176K-50.8%
EPS (Basic)	-$0.03n/m	-$0.05n/m	-$0.02	-$0.05-350.0%	-$0.04n/m	$0.00-100.0%	$0.01-50.0%	$0.02-33.3%
EPS (Diluted)	-$0.03n/m	-$0.05n/m	-$0.02	-$0.05-350.0%	-$0.04n/m	$0.00-100.0%	$0.01-50.0%	$0.02-33.3%
Diluted Shares (Avg)	9M-25.4%	9M-25.4%	10M	N/A	12M+0.1%	11M+0.1%	11M+0.1%	N/A

Not reported in any period shown, so not listed: R&D Expenses, Interest Expense.

NHTC Balance Sheet

NHTC quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$38.4M-30.6%	$55.4M-19.9%	$69.1M-16.6%	$82.8M-15.8%	$98.4M-7.2%	$105.9M-10.6%	$118.5M-25.0%	$157.9M-1.0%	$159.6M+7.8%	$148.1M+19.2%	$124.2M+136.3%	$52.5M+165.0%	$19.8M+141.2%	$8.2M+34.2%	$6.1M
Current Assets	$34.2M-32.9%	$51.0M-20.6%	$64.2M-17.2%	$77.6M-17.0%	$93.5M-6.3%	$99.7M-8.0%	$108.4M-27.8%	$150.2M-0.7%	$151.2M+7.1%	$141.2M+20.0%	$117.7M+137.3%	$49.6M+189.0%	$17.2M+194.2%	$5.8M+52.4%	$3.8M
Cash & Equivalents	$6.8M-49.7%	$13.5M-75.9%	$56.2M-19.4%	$69.7M-16.9%	$83.8M-9.2%	$92.4M-3.8%	$96.0M-27.6%	$132.7M-2.0%	$135.3M+7.5%	$125.9M+20.0%	$104.9M+134.1%	$44.8M+208.0%	$14.6M+245.9%	$4.2M+160.2%	$1.6M
Short-Term Investments	$22.1M-27.5%	$30.4Mn/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0
Inventory	$2.0M-37.4%	$3.3M-23.8%	$4.3M-5.1%	$4.5M-13.9%	$5.3M+39.1%	$3.8M-41.0%	$6.4M-47.4%	$12.2M+44.9%	$8.4M-25.4%	$11.3M+7.7%	$10.5M+178.1%	$3.8M+105.7%	$1.8M+110.8%	$867K-20.4%	$1.1M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$57K-46.7%	$107K-20.1%	$134K+9.8%	$122K+31.2%	$93K
Long-Term Investments	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	$0-100.0%	$1.8M0.0%	$1.8M0.0%	$1.8M0.0%	$1.8M0.0%	$1.8M0.0%	$1.8M0.0%	$1.8M0.0%	$1.8M
Total Liabilities	$15.0M-33.3%	$22.5M-18.2%	$27.5M-15.8%	$32.7M-16.0%	$38.9M+1.6%	$38.2M-11.9%	$43.4M-36.2%	$68.1M-1.3%	$68.9M+5.1%	$65.6M-2.6%	$67.3M+158.1%	$26.1M+89.7%	$13.8M+117.9%	$6.3M-9.0%	$6.9M
Current Liabilities	$13.7M-34.2%	$20.8M+4.1%	$20.0M-2.2%	$20.4M-17.1%	$24.7M+14.6%	$21.5M-18.2%	$26.3M-39.0%	$43.1M+2.8%	$41.9M-26.7%	$57.2M-7.1%	$61.5M+151.8%	$24.4M+77.6%	$13.8M+117.9%	$6.3M-9.0%	$6.9M
Non-Current Liabilities	$1.3M-22.3%	$1.7M-77.5%	$7.5M-38.6%	$12.2M-14.0%	$14.2M-15.1%	$16.7M-2.3%	$17.1M-31.4%	$25.0M-7.5%	$27.0M+219.4%	$8.5M+45.1%	$5.8M+250.2%	$1.7Mn/m	$0n/m	$0n/m	$0
Total Equity	$23.4M-28.7%	$32.9M-21.0%	$41.6M-17.1%	$50.2M-15.7%	$59.5M-12.1%	$67.7M-9.8%	$75.1M-16.5%	$89.9M-0.8%	$90.6M+9.9%	$82.4M+45.1%	$56.8M+114.8%	$26.4M+335.2%	$6.1M+218.3%	$1.9Mn/m	-$809K
Retained Earnings	-$36.4Mn/m	-$26.3Mn/m	-$17.7Mn/m	-$9.1Mn/m	-$231K-103.0%	$7.8M-51.5%	$16.1M-63.7%	$44.4M-1.1%	$44.9M+16.5%	$38.5Mn/m	-$9.6Mn/m	-$54.8Mn/m	-$74.6Mn/m	-$78.7Mn/m	-$81.3M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Total Assets	$27.3M-35.5%	$29.2M-35.3%	$31.9M-39.9%	$38.4M-30.6%	$42.3M-27.5%	$45.2M-26.6%	$53.2M-21.4%	$55.4M-19.9%
Current Assets	$22.0M-42.0%	$23.7M-42.0%	$26.5M-45.6%	$34.2M-32.9%	$37.9M-29.6%	$40.9M-28.2%	$48.8M-22.2%	$51.0M-20.6%
Cash & Equivalents	$5.8M-59.4%	$9.5M-9.8%	$9.2M-57.5%	$6.8M-49.7%	$14.3M-37.4%	$10.5M-32.4%	$21.7M-16.0%	$13.5M-75.9%
Short-Term Investments	$11.8M-33.4%	$9.1M-61.5%	$12.0M-40.6%	$22.1M-27.5%	$17.7M-24.6%	$23.7M-28.3%	$20.2M-29.4%	$30.4Mn/m
Inventory	$2.1M-4.8%	$2.0M-26.0%	$2.0M-30.0%	$2.0M-37.4%	$2.2M-41.5%	$2.8M-34.8%	$2.8M-42.5%	$3.3M-23.8%
Long-Term Investments	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m
Total Liabilities	$12.3M-23.9%	$14.0M-14.1%	$15.5M-30.5%	$15.0M-33.3%	$16.1M-29.9%	$16.3M-32.7%	$22.3M-21.1%	$22.5M-18.2%
Current Liabilities	$10.3M-30.0%	$11.9M-20.1%	$13.2M-36.2%	$13.7M-34.2%	$14.8M-30.1%	$14.9M-32.5%	$20.7M-0.6%	$20.8M+4.1%
Non-Current Liabilities	$1.9M+43.1%	$2.1M+52.4%	$2.2M+44.3%	$1.3M-22.3%	$1.3M-28.1%	$1.4M-35.7%	$1.6M-79.0%	$1.7M-77.5%
Total Equity	$15.0M-42.6%	$15.2M-47.3%	$16.5M-46.7%	$23.4M-28.7%	$26.1M-25.9%	$28.9M-22.5%	$30.9M-21.6%	$32.9M-21.0%
Retained Earnings	-$39.0Mn/m	-$38.8Mn/m	-$37.4Mn/m	-$36.4Mn/m	-$33.5Mn/m	-$30.8Mn/m	-$28.5Mn/m	-$26.3Mn/m

Not reported in any period shown, so not listed: Accounts Receivable, Goodwill, Long-Term Debt.

NHTC Cash Flow Statement

NHTC quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	-$4.2M	-$6.0Mn/m	-$3.4Mn/m	-$4.3Mn/m	-$4.9M-577.6%	$1.0M-46.1%	$1.9Mn/m	-$18.6M-162.7%	$29.7M+11.7%	$26.6M-50.0%	$53.2M-34.6%	$81.3M+165.7%	$30.6M+186.5%	$10.7M+382.7%	$2.2M+51.3%	$1.5M
Depreciation & Amortization	N/A	$109K-16.8%	$131K-20.1%	$164K-19.6%	$204K-31.8%	$299K-27.1%	$410K+5.9%	$387K-8.7%	$424K-20.9%	$536K+36.0%	$394K+49.8%	$263K+150.5%	$105K+59.1%	$66K+46.7%	$45K-84.9%	$298K
Stock-Based Compensation	N/A	$132K-9.0%	$145K-9.9%	$161Kn/m	$0	N/A	N/A	N/A	$0-100.0%	$35K-66.3%	$104K+20.9%	$86K+75.5%	$49K-55.5%	$110K+17.0%	$94K+19.0%	$79K
Capital Expenditures	$452K	$68K+19.3%	$57K+23.9%	$46K-67.8%	$143K-36.4%	$225K+6.6%	$211K+11.6%	$189K-11.7%	$214K-23.0%	$278K-69.3%	$905K+27.5%	$710K+109.4%	$339K+61.4%	$210K+118.8%	$96K+1271.4%	$7K
Free Cash Flow	-$4.7M	-$6.1Mn/m	-$3.4Mn/m	-$4.3Mn/m	-$5.0M-731.5%	$791K-52.7%	$1.7Mn/m	-$18.8M-163.8%	$29.5M+12.0%	$26.3M-49.6%	$52.3M-35.2%	$80.6M+166.3%	$30.3M+189.0%	$10.5M+394.6%	$2.1M+45.5%	$1.5M
Investing Cash Flow	$5.4M	$8.1Mn/m	-$30.1Mn/m	-$46Kn/m	-$143Kn/m	-$225Kn/m	-$211Kn/m	-$189Kn/m	-$214Kn/m	-$278K	N/A	N/A	N/A	N/A	$397Kn/m	-$136K
Financing Cash Flow	-$9.9M	-$9.2Mn/m	-$9.2Mn/m	-$9.2Mn/m	-$9.1Mn/m	-$9.1Mn/m	-$9.1Mn/m	-$17.5Mn/m	-$31.5Mn/m	-$17.2M	N/A	N/A	N/A	N/A	-$3Kn/m	-$4K
Dividends Paid	$4.0M	$9.2M0.0%	$9.2M0.0%	$9.2M+0.8%	$9.1M0.0%	$9.1M0.0%	$9.1M+24.4%	$7.3M-76.7%	$31.5M+83.0%	$17.2M+149.9%	$6.9M+303.2%	$1.7M+259.0%	$476K	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	$0-100.0%	$10.1Mn/m	$0n/m	$0-100.0%	$23.7M+47.5%	$16.1M+244.8%	$4.7M+8863.5%	$52K+1633.3%	$3K	N/A

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Operating Cash Flow	-$1.1M-1066.4%	-$1.4Mn/m	-$797K-264.7%	-$959K-1189.8%	$113Kn/m	-$5.6Mn/m	$484K-11.8%	$88Kn/m
Depreciation & Amortization	$34K+21.4%	$23K-20.7%	$11K-63.3%	$22K-29.0%	$28K-9.7%	$29K-14.7%	$30K-14.3%	$31K-8.8%
Stock-Based Compensation	N/A	N/A	$0-100.0%	N/A	N/A	N/A	$34K-8.1%	N/A
Capital Expenditures	$7K-83.7%	$325K+8025.0%	$115K+618.8%	$5K-75.0%	$43K+514.3%	$4K-78.9%	$16K+45.5%	$20K+42.9%
Free Cash Flow	-$1.1M-1670.0%	-$1.7Mn/m	-$912K-294.9%	-$964K-1517.6%	$70Kn/m	-$5.6Mn/m	$468K-13.0%	$68Kn/m
Investing Cash Flow	-$2.6M-144.3%	$2.5Mn/m	$9.9M-0.3%	-$4.4Mn/m	$5.9M-39.8%	-$3.3Mn/m	$10.0Mn/m	-$7.0Mn/m
Financing Cash Flow	-$28Kn/m	-$858Kn/m	-$6.7Mn/m	-$2.3Mn/m	-$2.3Mn/m	-$2.3Mn/m	-$2.3Mn/m	-$2.3Mn/m
Dividends Paid	$0-100.0%	$858K-62.7%	$858K-62.7%	$2.3M-0.1%	$2.3M0.0%	$2.3M0.0%	$2.3M0.0%	$2.3M0.0%
Share Buybacks	$28Kn/m	$0n/m	$5.9Mn/m	N/A	$0	$0	$0	N/A

NHTC Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

NHTC quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	73.5%-0.4pp	74.0%-0.6pp	74.6%+0.3pp	74.2%-0.8pp	75.0%+2.4pp	72.6%-1.5pp	74.1%-5.4pp	79.5%-0.9pp	80.4%-0.5pp	80.9%+1.4pp	79.6%+1.2pp	78.3%+2.2pp	76.1%+1.9pp	74.2%+0.4pp	73.8%
Operating Margin	-4.5%-1.5pp	-3.0%+0.8pp	-3.8%-3.3pp	-0.5%-3.2pp	2.6%+1.5pp	1.1%+10.1pp	-9.0%-26.6pp	17.6%-4.2pp	21.8%-0.5pp	22.3%+4.2pp	18.1%+1.4pp	16.7%+8.7pp	8.0%+1.0pp	7.0%+1.3pp	5.7%
Net Margin	-2.2%-3.6pp	1.3%0.0pp	1.3%+0.7pp	0.6%-1.2pp	1.8%+0.5pp	1.4%+8.6pp	-7.2%-23.4pp	16.2%+4.2pp	11.9%-7.2pp	19.1%+1.3pp	17.8%+1.5pp	16.4%+8.6pp	7.8%+0.8pp	7.0%-0.4pp	7.4%
Return on Equity	-3.8%-5.5pp	1.7%+0.4pp	1.4%+0.8pp	0.6%-1.2pp	1.8%+0.6pp	1.3%+8.7pp	-7.5%-42.0pp	34.5%+8.5pp	26.0%-40.8pp	66.8%-16.3pp	83.2%+6.2pp	77.0%+9.7pp	67.3%-70.5pp	137.8%	N/A
Return on Assets	-2.3%-3.3pp	1.0%+0.2pp	0.8%+0.4pp	0.4%-0.7pp	1.1%+0.3pp	0.8%+5.5pp	-4.7%-24.4pp	19.7%+4.9pp	14.8%-22.4pp	37.2%-0.8pp	38.0%-0.7pp	38.8%+18.1pp	20.6%-11.4pp	32.0%-5.6pp	37.6%
Current Ratio	2.500.0x	2.45-0.8x	3.21-0.6x	3.790.0x	3.79-0.8x	4.64+0.5x	4.12+0.6x	3.49-0.1x	3.61+1.1x	2.47+0.6x	1.91-0.1x	2.03+0.8x	1.25+0.3x	0.93+0.4x	0.55
Liabilities-to-Equity	0.640.0x	0.680.0x	0.660.0x	0.650.0x	0.65+0.1x	0.560.0x	0.58-0.2x	0.760.0x	0.760.0x	0.80-0.4x	1.19+0.2x	0.99-1.3x	2.26-1.0x	3.31	N/A
Asset Turnover	1.04+0.3x	0.78+0.1x	0.640.0x	0.590.0x	0.610.0x	0.59-0.1x	0.66-0.6x	1.220.0x	1.24-0.7x	1.94-0.2x	2.13-0.2x	2.37-0.3x	2.65-1.9x	4.56-0.5x	5.09
FCF Margin	-15.3%-7.3pp	-8.0%+1.9pp	-9.8%+0.3pp	-10.2%-11.5pp	1.3%-1.4pp	2.7%+27.0pp	-24.3%-39.6pp	15.4%+2.0pp	13.3%-4.8pp	18.2%-12.3pp	30.4%+6.1pp	24.3%+4.4pp	19.9%+14.3pp	5.7%+1.0pp	4.7%

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Gross Margin	74.2%+0.4pp	75.3%+1.3pp	75.0%+1.4pp	72.9%-1.3pp	73.7%-0.4pp	73.9%-0.3pp	73.6%+0.2pp	74.2%-0.3pp
Operating Margin	-3.7%+1.6pp	-8.5%-5.1pp	-5.1%-1.9pp	-6.5%-2.6pp	-5.2%-2.7pp	-3.4%-1.1pp	-3.2%+0.1pp	-3.9%-1.7pp
Net Margin	-3.1%+1.5pp	-5.9%-6.1pp	-1.7%-2.8pp	-6.0%-7.6pp	-4.5%-4.9pp	0.1%-1.5pp	1.1%-0.6pp	1.6%-1.7pp
Return on Equity	-1.6%+0.1pp	-3.0%-3.0pp	-0.9%-1.3pp	-2.5%-3.0pp	-1.7%-1.8pp	0.1%-0.4pp	0.4%-0.1pp	0.5%-0.3pp
Return on Assets	-0.9%+0.2pp	-1.5%-1.6pp	-0.5%-0.7pp	-1.5%-1.8pp	-1.0%-1.1pp	0.0%-0.3pp	0.2%-0.1pp	0.3%-0.2pp
Current Ratio	2.13-0.4x	1.99-0.7x	2.00-0.3x	2.500.0x	2.570.0x	2.73+0.2x	2.35-0.7x	2.45-0.8x
Liabilities-to-Equity	0.82+0.2x	0.92+0.4x	0.94+0.2x	0.640.0x	0.620.0x	0.57-0.1x	0.720.0x	0.680.0x
Asset Turnover	0.28+0.1x	0.260.0x	0.29+0.1x	0.25+0.1x	0.220.0x	0.220.0x	0.200.0x	0.200.0x
FCF Margin	-14.5%-15.3pp	-22.2%+35.3pp	-9.9%-14.3pp	-9.9%-10.5pp	0.7%+4.9pp	-57.5%-23.2pp	4.4%-0.5pp	0.6%+1.4pp

Not reported in any period shown, so not listed: Debt-to-Equity.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Natural Health Trends Corp. NHTC	FY2025	$39.8M	-$882K	-2.2%	$7.4M	34/100
Oriental Culture Holding LTD OCG	FY2025	$1.9M	-$3.9M	N/A	$3.0M	61/100
Hour Loop, Inc. HOUR	FY2025	$142.4M	$1.7M	1.2%	$56.0M	37/100
1stdibs.com, Inc. DIBS	FY2025	$89.6M	-$13.7M	-15.3%	$159.3M	73/100
Baozun Inc. BZUN	FY2025	$1.4B	-$34.6M	-2.4%	$194.1M	41/100
MOGU Inc. MOGU	FY2026	$18.2M	$267K	1.5%	$16.1M	22/100

Where Natural Health Trends Corp. Ranks

Frequently Asked Questions

What is Natural Health Trends Corp.'s annual revenue?

Natural Health Trends Corp. (NHTC) reported $39.8M in total revenue for fiscal year 2025. This represents a -7.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Natural Health Trends Corp.'s revenue growing?

Natural Health Trends Corp. (NHTC) revenue declined by 7.4% year-over-year, from $43.0M to $39.8M in fiscal year 2025.

Is Natural Health Trends Corp. profitable?

No, Natural Health Trends Corp. (NHTC) reported a net loss of $1.4M over the trailing 12 months to September 30, 2026. In fiscal year 2025 it reported a net loss of $882K, with a net profit margin of -2.2%.

What is Natural Health Trends Corp.'s EBITDA?

Natural Health Trends Corp. (NHTC) had EBITDA of -$1.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Natural Health Trends Corp.'s gross margin?

Natural Health Trends Corp. (NHTC) had a gross margin of 73.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Natural Health Trends Corp.'s operating margin?

Natural Health Trends Corp. (NHTC) had an operating margin of -4.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Natural Health Trends Corp.'s net profit margin?

Natural Health Trends Corp. (NHTC) had a net profit margin of -2.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Natural Health Trends Corp. pay dividends?

Yes, Natural Health Trends Corp. (NHTC) paid $0.80 per share in dividends during fiscal year 2025.

What is Natural Health Trends Corp.'s return on equity (ROE)?

Natural Health Trends Corp. (NHTC) has a return on equity of -3.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Natural Health Trends Corp.'s free cash flow?

Natural Health Trends Corp. (NHTC) recorded an outflow of $6.1M in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Natural Health Trends Corp.'s operating cash flow?

Natural Health Trends Corp. (NHTC) recorded an outflow of $6.0M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are Natural Health Trends Corp.'s total assets?

Natural Health Trends Corp. (NHTC) had $38.4M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Natural Health Trends Corp.'s capital expenditures?

Natural Health Trends Corp. (NHTC) invested $68K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Natural Health Trends Corp. have outstanding?

Natural Health Trends Corp. (NHTC) had 9M shares outstanding as of fiscal year 2025.

What is Natural Health Trends Corp.'s current ratio?

Natural Health Trends Corp. (NHTC) had a current ratio of 2.50 as of fiscal year 2025, which is generally considered healthy.

What is Natural Health Trends Corp.'s liabilities-to-equity ratio?

Natural Health Trends Corp. (NHTC) had a liabilities-to-equity ratio of 0.64 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.

What is Natural Health Trends Corp.'s return on assets (ROA)?

Natural Health Trends Corp. (NHTC) had a return on assets of -2.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Natural Health Trends Corp.'s P/E ratio?

Natural Health Trends Corp. (NHTC) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to September 30, 2026). The market capitalization is $7.4M as of Oct 27, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Natural Health Trends Corp.'s price-to-sales ratio?

Natural Health Trends Corp. (NHTC) trades at 0.2x sales, its market capitalization divided by $34.1M revenue, trailing 12 months to September 30, 2026. The market capitalization is $7.4M as of Oct 27, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

How does Natural Health Trends Corp.'s liquidity compare with its operating cash outflow?

At the end of fiscal year 2025, Natural Health Trends Corp. (NHTC) held $28.9M in cash, cash equivalents and investments, and reported an operating cash outflow of $6.0M over that year. Dividing the one by the other, the reported balance equals about 58 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.

What is Natural Health Trends Corp.'s Altman Z-Score?

Natural Health Trends Corp. (NHTC) has an Altman Z-Score of 0.49, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Natural Health Trends Corp.'s Piotroski F-Score?

Natural Health Trends Corp. (NHTC) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Natural Health Trends Corp.'s earnings high quality?

Natural Health Trends Corp. (NHTC) reported a net loss of $882K while operations used $6.0M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Natural Health Trends Corp.?

Natural Health Trends Corp. (NHTC) scores 34 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.