Mannatech, Incorporated (NASDAQ: MTEX), a global health and wellness company, has announced its financial results for the third quarter ended September 30, 2026.
Net sales for the three months ended September 30, 2026, were $24.9 million. This represents a decrease of $4.3 million, or 14.6%, compared to the same period in 2025. On a constant dollar basis, the decline was also 14.6%, with foreign exchange having no material impact on GAAP net sales.
Gross profit as a percentage of net sales decreased to 74.7%, down from 76.4% in the prior-year quarter.
Selling and administrative expenses fell by $0.4 million, or 4.1%, to $8.7 million. As a percentage of net sales, these expenses rose to 35.0% from 31.1% a year earlier.
Income from operations was $0.3 million for the third quarter of 2026, compared to $2.0 million in the same period of 2025.
The company recorded an income tax benefit of $10.9 million, compared to an income tax expense of $0.6 million in the prior-year quarter. This benefit resulted from a non-cash remeasurement of deferred tax liabilities on unremitted foreign earnings and did not generate cash.
Net income reached $8.9 million, or $4.61 per diluted share, versus net income of $1.9 million, or $1.01 per diluted share, in the third quarter of 2025. The company reported a pre-tax loss of approximately $2.0 million, compared to pre-tax income of $2.5 million a year earlier. Management noted that third-quarter net income was driven primarily by the $10.9 million non-cash tax benefit and does not reflect an improvement in operating performance.
Net realized and unrealized foreign currency losses totaled $2.1 million, compared to gains of $0.6 million in the same period last year.
As of September 30, 2026, cash and cash equivalents stood at $5.4 million, a decrease of $0.8 million, or 12.4%, from $6.2 million at the end of 2025.
The company noted that changes in current trade policies, including tariffs, could affect its cost structure and profitability. While steps are being taken to mitigate increased costs and disruptions, management stated that the ability to fully offset these factors may be limited by operational and supply chain constraints, particularly in the short term.
Mannatech is a global health and wellness company focused on science-backed nutritional products, patented technology, and a business opportunity designed to help people live healthier lives while creating positive social impact. More information is available at Mannatech.com.
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