Mannatech (MTEX) swings to Q2 2026 profit as margins and constant-currency sales improve

Rhea-AI Filing Summary

Mannatech, Incorporated reported improved results for the quarter and six months ended June 30, 2026. Second-quarter 2026 net sales were $26.7 million, up from $25.7 million a year earlier, with constant-currency net sales rising 5.1%. Gross profit increased to $20.5 million, and constant-currency gross profit grew 10.1%.

The company generated income from operations of $1.0 million in the quarter, compared with a loss from operations of $1.4 million in 2025. Net income was $1.0 million, versus a net loss of $4.3 million a year earlier. For the first six months of 2026, net income was $2.0 million, compared with a net loss of $5.8 million in the prior-year period, while net sales were $51.6 million versus $52.2 million.

As of June 30, 2026, total assets were $27.5 million and total liabilities were $32.4 million, resulting in a shareholders’ deficit of $5.0 million. The company also presented non-GAAP constant dollar measures to highlight the impact of foreign currency on net sales, gross profit, and income from operations.

Positive

• Returned to operating profitability: income from operations was $1.0 million in Q2 2026 versus a $(1.4) million loss a year earlier.
• Net income swing: Q2 2026 net income of $1.0 million compares to a $(4.3) million net loss in Q2 2025; six-month net income was $2.0 million versus a $(5.8) million loss.
• Stronger gross profit: constant-currency gross profit for Q2 2026 rose 10.1% to $20.8 million, outpacing net sales growth.

Negative

• Shareholders’ deficit persists: as of June 30, 2026, shareholders’ deficit was $(5.0) million, with total liabilities of $32.4 million exceeding total assets of $27.5 million.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Q2 2026 Net Sales: $26,650 (thousands) Q2 2026 Net Income: $1,015 (thousands) Six-Month 2026 Net Income: $1,965 (thousands) +5 more

8 metrics

Q2 2026 Net Sales $26,650 (thousands) Three months ended June 30, 2026 consolidated net sales

Q2 2026 Net Income $1,015 (thousands) Three months ended June 30, 2026 net income versus $(4,312) thousand in 2025

Six-Month 2026 Net Income $1,965 (thousands) Six months ended June 30, 2026 net income versus $(5,842) thousand in 2025

Q2 2026 Gross Profit $20,486 (thousands) Three months ended June 30, 2026 gross profit

Q2 2026 Income from Operations $998 (thousands) Income from operations in Q2 2026 versus $(1,443) thousand in Q2 2025

Total Assets $27,469 (thousands) Condensed consolidated balance sheet as of June 30, 2026

Total Liabilities $32,439 (thousands) Condensed consolidated balance sheet as of June 30, 2026

Shareholders’ Deficit $(4,970) (thousands) Shareholders’ deficit as of June 30, 2026

Key Terms

Non-GAAP financial measures, Constant dollar, Shareholders’ deficit, Deferred tax liabilities, +1 more

5 terms

Non-GAAP financial measures financial

"this press release and related tables include certain non-GAAP financial measures"

Non-GAAP financial measures are numbers companies use to show their financial performance that exclude certain expenses or income. They help investors see how the company might perform without one-time costs or other unusual items, giving a different perspective from official reports. However, since they can be adjusted, they don’t always tell the full story and should be looked at alongside standard financial figures.

Constant dollar financial

"It refers to these adjusted financial measures as Constant dollar items"

Constant dollar means financial figures that have been adjusted to remove the effect of inflation so they all reflect the same purchasing power from a chosen base year. Investors use constant-dollar numbers to compare revenues, profits or returns across different years on an apples-to-apples basis, revealing true growth or decline rather than changes caused by rising prices—like comparing photos resized to the same scale.

Shareholders’ deficit financial

"Total shareholders’ deficit | | | (4,970 | )"

Shareholders’ deficit is the negative net worth on a company’s balance sheet when its liabilities exceed its assets — like owing more on a house than it’s worth. It matters to investors because it signals financial strain: the company may have trouble raising cash, paying debts, or funding growth, and existing shares can be diluted or wiped out if conditions force restructuring or bankruptcy.

Deferred tax liabilities financial

"Deferred tax liabilities, net | | | 9,750"

An accounting entry that records taxes a company will likely have to pay in the future because the way profit is reported for investors (financial accounts) differs from how taxable income is calculated today. It matters to investors because it signals real future cash outflows that will reduce funds available for dividends, debt repayment or investment—think of it as a bill put on layaway that the company still must settle later, affecting valuation and financial strength.

Operating lease right-of-use assets financial

"Operating lease right-of-use assets | | | 2,515"

An operating lease right-of-use (ROU) asset is an accounting entry that shows the value of a leased item you have the legal right to use—like a building, vehicle, or equipment—recorded on a company’s balance sheet along with the corresponding lease obligation. Investors care because it adds to reported assets and liabilities, changing measures like leverage and return on assets much like bringing a long-term rental onto the company’s financial snapshot, which can affect credit terms and valuation.

Earnings Snapshot

Net sales (Q2 2026 vs Q2 2025, constant currency): $27.0 million vs $25.7 million

Quarter and six months ended June 30, 2026

Net sales (Q2 2026 vs Q2 2025, constant currency) $27.0 million vs $25.7 million 5.1%

Gross profit (Q2 2026 vs Q2 2025, constant currency) $20.8 million vs $18.9 million 10.1%

Income from operations (Q2 2026 vs Q2 2025, constant currency) $1.0 million vs $(1.4) million (171.4)%

Net income (Q2 2026 vs Q2 2025) $1.0 million vs $(4.3) million swing to profit

Net income (six months 2026 vs 2025) $2.0 million vs $(5.8) million swing to profit

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

How did Mannatech (MTEX) perform financially in Q2 2026?

Mannatech reported Q2 2026 net sales of $26.7 million and net income of $1.0 million, compared to $25.7 million in sales and a $(4.3) million net loss in Q2 2025, reflecting a significant earnings improvement.

What were Mannatech (MTEX)’s operating results for the first half of 2026?

For the six months ended June 30, 2026, Mannatech generated net sales of $51.6 million and net income of $2.0 million, versus $52.2 million in net sales and a $(5.8) million net loss in the first half of 2025.

How did Mannatech’s gross profit change in Q2 2026?

Q2 2026 gross profit was $20.5 million, up from $18.9 million in Q2 2025. On a constant-currency basis, gross profit reached $20.8 million, a 10.1% increase, showing improved profitability on sales.

What is Mannatech (MTEX)’s balance sheet position as of June 30, 2026?

As of June 30, 2026, Mannatech reported total assets of $27.5 million and total liabilities of $32.4 million, resulting in a shareholders’ deficit of $(5.0) million on its condensed consolidated balance sheet.

How significant was foreign currency impact on Mannatech’s Q2 2026 results?

Mannatech’s Q2 2026 constant-currency net sales were $27.0 million versus GAAP net sales of $26.7 million. The $0.3 million translation adjustment indicates foreign currency modestly reduced reported sales relative to constant-dollar performance.

How were Mannatech (MTEX) sales distributed by region in Q2 2026?

For Q2 2026, Mannatech generated $8.4 million in Americas sales, $15.9 million in Asia/Pacific, and $2.4 million in EMEA. Asia/Pacific represented 59.6% of total net sales, the company’s largest regional contributor.

false 0001056358 0001056358 2026-08-12 2026-08-12

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): August 12, 2026

MANNATECH, INCORPORATED

(Exact Name of Registrant as Specified in its Charter)

Texas		000-24657		75-2508900
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

1410 Lakeside Parkway, Suite 200
Flower Mound,	Texas	75028
(Address of Principal Executive Offices, including Zip Code)

Registrant’s Telephone Number, including Area Code: (972) 471-7400

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities Registered Pursuant to Section 12(b) of the Act:

Title of each class						Trading Symbol(s)			Name of each exchange on which registered
Common Stock, par value $0.0001 per share						MTEX			The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging Growth Company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On August 12, 2026, Mannatech, Incorporated issued a press release announcing financial and operating results for the second quarter ended June 30, 2026. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

Exhibit Number			Description
99.1*			Press Release, dated August 12, 2026, titled Mannatech Reports Financial Results for Second Quarter 2026
104			Cover Page Interactive Data File (embedded within the Inline XBRL document).

*Furnished herewith.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

August 12, 2026

	MANNATECH, INCORPORATED
	By:	/s/ Landen Fredrick
		Landen Fredrick
		Chief Executive Officer

Exhibit 99.1

Mannatech Reports Financial Results for Second Quarter 2026

(Flower Mound, Texas) August 12, 2026 - 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,
Region		2026								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 ended		June 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 ended		June 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	)%

Filing Exhibits & Attachments

5 documents

Press Releases

• EX-99.1 EXHIBIT 99.1 227.7 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.5 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE 11.5 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 15.5 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 11.7 KB