Filing Flows › Mannatech (MTEX) › Q1 2026 › vs Q4 2025
Mannatech (MTEX) Q1 2026 vs Q4 2025 (quarter over quarter)
Mannatech's revenue fell $1.7M (-6%) from $26.6M in Q4 2025 to $24.9M in Q1 2026. The biggest changes: Product −$1.6M (-6%); Product and Service, Other −$100K (-25%); Associate Service Fees +$0 (0%).
Mannatech, Q1 2026: revenue $24.9M (-6% year over year), operating margin -0.7%, net earnings $950K, operating cash flow $1.1M. The chart draws each line against Q4 2025, the increases inside each band.
Margins
| Q1 2026 | Q4 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 4.0% | -1.7% | +5.7 pts |
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Product | $24.5M | $26.1M | −$1.6M | -6% |
| Product and Service, Other | $300K | $400K | −$100K | -25% |
| Associate Service Fees | $100K | $100K | $0 | 0% |
| Revenue | $24.9M | $26.6M | −$1.7M | -6% |
| Other income, net | $1.3M | $367K | $924K | +252% |
| Costs & expenses | $26.2M | $38.3M | −$12.1M | -32% |
| Operating costs | $25.1M | $26.8M | −$1.7M | -6% |
| Income tax | $161K | $11.5M | −$11.3M | -99% |
| Net earnings | $950K | −$11.3M | $12.2M | — |
| Cost of revenue | $6.1M | $6.6M | −$528K | -8% |
| SG&A | $9.3M | $9.8M | −$511K | -5% |
| Other operating costs | $9.8M | $10.4M | −$656K | -6% |
| Operating cash sources | $1.5M | −$11.0M | $12.5M | — |
| Depreciation & amortization | $261K | $260K | $1K | +0.4% |
| Share-based compensation | $274K | $32K | $242K | +756% |
| Working capital & other | $359K | −$10.7M | $11.1M | — |
| Operating cash flow | $1.1M | −$289K | $1.4M | — |
| Free cash flow (OCF − capex) | $997K | −$463K | $1.5M | — |
| Capital expenditures | $129K | $174K | −$45K | -26% |
Questions
How much did Mannatech's revenue grow quarter over quarter in Q1 2026?
Mannatech's revenue fell $1.7M (-6%) from $26.6M in Q4 2025 to $24.9M in Q1 2026.
What drove Mannatech's revenue change in Q1 2026?
Product −$1.6M (-6%); Product and Service, Other −$100K (-25%); Associate Service Fees +$0 (0%).