Filing Flows › Mannatech (MTEX) › Q1 2026
Mannatech (MTEX) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
Mannatech (MTEX) reported revenue of $24.9M for the first quarter 2026 (Q1 2026), -6% from a year earlier and -6% from the quarter before. Operating margin was -0.7%, net earnings $950K (3.8% of revenue).
Mannatech, Q1 2026: revenue $24.9M (-6% year over year), operating margin -0.7%, net earnings $950K, operating cash flow $1.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $24.9M | -6% | -6% |
| Operating profit | −$180K | — | — |
| Net earnings | $950K | — | — |
| Operating cash flow | $1.1M | — | — |
| Free cash flow | $997K | — | — |
What changed
Revenue was $24.9M in Q1 2026, down 6% year over year and down 6% from the previous quarter. Product was the largest line at 98% of revenue. Product lost $1.6M year over year (down 6%), 97% of the total change.
Gross margin was 75.7%, up 1.4 points from Q1 2025. Operating costs exceeded revenue by $180K, an operating margin of -0.7%. Operating expenses fell 7% while revenue fell 6%. Net earnings were $0.9M. The effective tax rate was 14.5%. Non-operating items added $1.3M, 116% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $1.1M, 119% of net earnings. Non-cash charges added back $261K of depreciation and amortization and $274K of share-based compensation. Working capital and other items used $359K. Capital expenditures of $129K left free cash flow of $1.0M.
Questions
What was Mannatech's revenue in the first quarter 2026?
Mannatech (MTEX) reported revenue of $24.9M for the first quarter 2026 (Q1 2026), -6% from a year earlier and -6% from the quarter before.
Was Mannatech profitable in the first quarter 2026?
Operating loss was $180K (-0.7% of revenue) and net earnings $950K.
Source: Mannatech 10-Q on SEC EDGAR.