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How Mannatech (MTEX) makes money

Mannatech (MTEX) made $26.7M of revenue in the second quarter 2026 (Q2 2026), +4% from a year earlier. Product brought in $26.2M (98%); Product and Service, Other brought in $400K (1%); Associate Service Fees brought in $100K (0%). Of every dollar of revenue, 77¢ was left as gross profit, 4¢ was left as operating profit, 4¢ was left as net earnings.

Drawing the Sankey…

Mannatech revenue by segment, Q2 2026Mannatech revenue by segment, Q2 2026Product$26.2MProduct and Service, Other$400KAssociate Service Fees$100K
Mannatech: revenue by line, Q3 2025 to Q2 2026Mannatech: revenue by line, Q3 2025 to Q2 2026ProductProduct and Service, …Associate Service FeesProduct: $26.2M latest$26.2MProduct and Service, Other: $400K latestAssociate Service Fees: $100K latestQ3 2025Q4 2025Q1 2026Q2 2026
The mix barely moved between Q3 2025 and Q2 2026.
Mannatech revenue by quarterMannatech revenue by quarter$29.0MQ4 2024$26.6MQ1 2025$25.7MQ2 2025$29.2MQ3 2025$26.6MQ4 2025$24.9MQ1 2026$26.6MQ2 2026
Mannatech: where each dollar of revenue goesMannatech: where each dollar of revenue goesCost of revenue23¢Gross profit77¢Operating expenses73¢Operating profit4¢Income tax1¢Net earnings4¢

Revenue by segment, Q2 2026

SegmentRevenueShareQ/QY/Y
Product$26.2M98.1%+7%+4%
Product and Service, Other$400K1.5%+33%0%
Associate Service Fees$100K0.4%0%0%

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$26.7M100.0%
Cost of revenue$6.2M23.1%
Gross profit$20.5M76.7%
Operating expenses$19.5M73.0%
Operating profit$998K3.7%
Income tax$150K0.6%
Net earnings$1.0M3.8%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$26.6M+4%
Q1 2026$24.9M-6%
Q4 2025$26.6M-8%
Q3 2025$29.2M-8%
Q2 2025$25.7M-7%
Q1 2025$26.6M-10%
Q4 2024$29.0M-11%

From Mannatech's 10-Q filed Aug 12, 2026 (on EDGAR).

Questions

How does Mannatech make money?

Mannatech (MTEX) made $26.7M of revenue in the second quarter 2026 (Q2 2026), +4% from a year earlier. Product brought in $26.2M (98%); Product and Service, Other brought in $400K (1%); Associate Service Fees brought in $100K (0%). Of every dollar of revenue, 77¢ was left as gross profit, 4¢ was left as operating profit, 4¢ was left as net earnings.

What is Mannatech's biggest business?

Product: $26.2M in the second quarter 2026, 98% of revenue, +4% from a year earlier.

What is Mannatech's profit margin?

Net earnings were $1.0M, 3.8% of revenue, in the second quarter 2026; the operating margin was 3.7%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.