The stock is likely to react negatively due to the large net loss, declining revenue, and margin compression, despite management attributing much of the loss to non-cash tax items. Traders should monitor whether cost-cutting can offset ongoing macro and operational headwinds, especially in North America, and watch for signs of sales recovery from new incentive programs.
Price Chart
Executive Summary
Mannatech reported a sharp decline in full-year 2025 financial performance with revenue down 8.3% YoY to $108.0M and a net loss of $15.2M ($8.00/share), reversing from prior-year net income of $2.5M. The loss was driven by an $11.5M non-cash deferred tax charge, but underlying operations weakened due to foreign exchange headwinds, supply chain costs, and a new ordering system that disrupted North American sales. Despite cost discipline, gross margins and operating performance declined.
Key Financial Metrics
Key Facts
- 2025 net sales: $108.0M, down 8.3% YoY from $117.9M
- 2025 net loss: $15.2M ($8.00/share) vs. net income of $2.5M ($1.32/share) in 2024
- Gross margin declined to 74.9% from 77.6% due to supply chain and freight cost increases
- Operating loss of $0.4M in 2025 vs. $1.4M operating income in 2024
- Net loss driven by $12.3M income tax provision, including $11.5M non-cash deferred tax charge
- Cash and cash equivalents dropped to $6.2M from $11.4M year prior
- North America sales decline partially attributed to new ordering system implementation
Financial Impact
Revenue declined by $9.9M (-8.3%), net loss widened by $17.7M year-over-year due to tax charges and operational deterioration
Risk Factors
- Continued revenue decline, especially in key North American market
- Non-cash tax charges signal structural issues in international earnings and deferred tax positions
- Cash balance fell by 45% to $6.2M, raising liquidity concerns for a company of this size
- Foreign exchange volatility and supply chain pressures remain unresolved
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3276521 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 1, 2026 4w ago | 8-K | $6.82 $7.18 | ▲ +5.28% | ▲ +5.36% | $6.99 (+2.49%) |
Aug 12, 2026 7w ago | 8-K | $6.15 $8.21 | ▲ +33.50% | ▲ +35.24% | $6.99 (+13.66%) |
Aug 12, 2026 7w ago | Press Release | $6.15 $8.21 | ▲ +33.50% | ▲ +35.24% | $6.99 (+13.66%) |
Jun 8, 2026 16w ago | 8-K | $5.59 $5.25 | ▼ −6.08% | ▼ −7.53% | $6.99 (+25.04%) |
May 21, 2026 19w ago | Insider Cluster | $4.42 $5.40 | ▲ +22.17% | ▲ +21.84% | $6.99 (+58.14%) |
May 20, 2026 19w ago | Insider Cluster | $3.95 $5.42 | ▲ +37.22% | ▲ +36.47% | $6.99 (+76.96%) |
May 14, 2026 20w ago | 8-K | $4.22 $5.65 | ▼ −33.89% | ▼ −31.77% | $6.99 (−65.64%) |
Apr 24, 2026 23w ago | 8-K | $4.68 $5.53 | ▼ −18.16% | ▼ −13.21% | $6.99 (−49.36%) |
Apr 21, 2026 23w ago | DEFA14A | $4.86 $4.12 | ▼ −15.23% | ▼ −20.14% | $6.99 (+43.83%) |
Apr 17, 2026 24w ago | Press Release | $5.02 $4.12 | ▲ +17.93% | ▲ +22.13% | $6.99 (−39.24%) |
US Market Status
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