Filing Flows › Mannatech (MTEX) › Q1 2025
Mannatech (MTEX) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 13, 2025
Mannatech (MTEX) reported revenue of $26.6M for the first quarter 2025 (Q1 2025), -10% from a year earlier and -8% from the quarter before. Operating margin was -3.1%, net loss $1.5M (5.8% of revenue).
Mannatech, Q1 2025: revenue $26.6M (-10% year over year), operating margin -3.1%, net loss $1.5M, operating cash flow −$1.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $26.6M | -8% | -10% |
| Operating profit | −$833K | -196% | — |
| Net earnings | −$1.5M | -168% | — |
| Operating cash flow | −$1.4M | — | — |
What changed
Revenue was $26.6M in Q1 2025, down 10% year over year and down 8% from the previous quarter. Product sales was the largest line at 96% of revenue. Product sales lost $2.4M year over year (down 9%), 85% of the total change.
Gross margin was 74.3%, down 4.3 points from a year earlier. Operating costs exceeded revenue by $833K, an operating margin of -3.1%. Operating expenses fell 8% while revenue fell 10%. The fastest-growing cost line was Other operating costs (+51%). The quarter ended with a net loss of $1.5M, after a profit of $2.3M the previous quarter.
Operating cash flow was −$1.4M. Non-cash charges added back $293K of depreciation and amortization and $263K of share-based compensation. Working capital and other items used $394K. Capital expenditures of $489K exceeded it, leaving free cash flow of −$1.9M.
Questions
What was Mannatech's revenue in the first quarter 2025?
Mannatech (MTEX) reported revenue of $26.6M for the first quarter 2025 (Q1 2025), -10% from a year earlier and -8% from the quarter before.
Was Mannatech profitable in the first quarter 2025?
Operating loss was $833K (-3.1% of revenue) and net loss $1.5M.
Source: Mannatech 10-Q on SEC EDGAR.