Mannatech Reports Financial Results for Q2 2026: Net Sales, Recruiting Increases

FLOWER MOUND, Texas – Mannatech, Incorporated (NASDAQ: MTEX), (“Mannatech” or “Company”), global health and wellness company committed to transforming lives to make a better world, 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 Q2 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.

^ Mannatech operates in China under a cross-border e-commerce platform that is separate from its network marketing model.

Click here to view the full Mannatech Q2 Report

About Mannatech

Mannatech is a leading global health and wellness company committed to empowering everyone to live their best life through cutting-edge, science-backed nutritional products, patented technology, and a rewarding business opportunity. Mannatech helps people to live healthier, more fulfilling lives while making a positive social impact in the world. To learn more about Mannatech’s products or business opportunity, visit Mannatech.com.

SOURCE: Mannatech