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Natural Health Trends (NHTC) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 28, 2026 · Natural Health Trends (NHTC) Q3 2026 earnings results →

Q3 2026 Revenue down 20% year over year to $7.6M · 3¢ of every $1 of revenue lost · operating margin -3.7%

Natural Health Trends made $7.6M in Q3 2026 (-20% Y/Y). Operating margin -3.7%, net loss $232K. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 28, 2026.

Revenue$7.6M
Year over year-20%
Operating margin-3.7%
Net earnings−$232K
Operating cash flow−$1.1M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $7.6M in Q3 2026, down 20% year over year and down 1% from the previous quarter.

Gross margin was 74.2%, up 0.4 points from Q3 2025. Operating costs exceeded revenue by $277K, an operating margin of -3.7%. Operating expenses fell 21% while revenue fell 20%. The quarter ended with a net loss of $232K, narrower than the previous quarter's $451K loss. Non-operating items added $112K, -68% of pre-tax earnings, so the bottom line overstates operating performance.

Operating cash flow was −$1.1M. Non-cash charges added back $34K of depreciation and amortization. Working capital and other items used $894K. Capital expenditures of $7K exceeded it, leaving free cash flow of −$1.1M.

Quarterly history

Natural Health Trends revenue by quarterNatural Health Trends revenue by quarter$10.7MQ1 2025$9.8MQ2 2025$9.5MQ3 2025$9.7MQ4 2025$9.2MQ1 2026$7.6MQ2 2026$7.6MQ3 2026
Natural Health Trends net earnings by quarterNatural Health Trends net earnings by quarter$122KQ1 2025$15KQ2 2025−$431KQ3 2025−$588KQ4 2025−$154KQ1 2026−$451KQ2 2026−$232KQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QOct 28, 2026$7.6M-20%-3.7%−$232K−$1.1M
Q2 202610-QJul 29, 2026$7.6M-22%-8.5%−$451K−$1.4M
Q1 202610-QApr 29, 2026$9.2M-14%-5.1%−$154K−$797K
Q4 202510-KFeb 20, 2026$9.7M-10%-6.5%−$588K−$959K
Q3 202510-QNov 5, 2025$9.5M-11%-5.2%−$431K$113K
Q2 202510-QJul 30, 2025$9.8M-6%-3.4%$15K−$5.6M
Q1 202510-QApr 30, 2025$10.7M-2%-3.2%$122K$484K

Charts

Natural Health Trends: revenue growth, year over year and quarter over quarterNatural Health Trends: revenue growth, year over year and quarter over quarterY/YQ/Q-2%Q1 2025-6%-9%Q2 2025-11%-3%Q3 2025-10%+3%Q4 2025-14%-6%Q1 2026-22%-17%Q2 2026-20%-1%Q3 2026
Latest (Q3 2026): Y/Y -20%, Q/Q -1%.
Natural Health Trends: where the cash came from (+) and went (−), TTM to Q3 2026Natural Health Trends: where the cash came from (+) and went (−), TTM to Q3 2026Cash drawn (+) / kept (−)$8.5MOther financing−$5.9MOther investing$5.9MOperating cash flow−$4.2MDividends−$4.0MCapital spending−$452KExchange rates$174K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Natural Health Trends: profit against cash, quarter by quarterNatural Health Trends: profit against cash, quarter by quarterNet incomeOperating cash flow$176K$88KQ4 2024$122K$484KQ1 2025$15K−$5.6MQ2 2025−$431K$113KQ3 2025−$588K−$959KQ4 2025−$154K−$797KQ1 2026−$451K−$1.4MQ2 2026−$232K−$1.1MQ3 2026
Latest (Q3 2026): Net income −$232K, Operating cash flow −$1.1M.
Natural Health Trends: diluted shares by fiscal yearNatural Health Trends: diluted shares by fiscal year11MFY202011MFY202111MFY202211MFY202311MFY202411MFY2025
+0.6% since FY2020: more shares outstanding (issuance, stock pay).
Natural Health Trends in its industry: growth against margin (6 companies, SIC 5190)Natural Health Trends in its industry: growth against margin (6 companies, SIC 5190)revenue growth, year over year →↑ operating marginmedian -8%median -4%CENTVSTSHYFMEDUCSTRGNHTC (-20%, -4%)
Wholesale-Miscellaneous Nondurable Goods; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Natural Health Trends

Natural Health Trends Corp. is an international direct-selling and e-commerce company. Through our subsidiaries, we sell personal care, wellness, and “quality of life” products under the “NHT Global” brand. Our wholly-owned subsidiaries have an active physical presence in the following markets: the Americas, which consists of the United States, Canada, Cayman Islands, Mexico, Peru and Colombia; Greater China, which consists of Hong Kong, Taiwan and China; Southeast Asia, which consists of Malaysia and Singapore; South Korea; Japan; India; and Europe. We also operate in Russia and Kazakhstan through our engagement with a local service provider.

In its own words, from its 10-K, filed Feb 20, 2026.

Natural Health Trends against its Wholesale-Miscellaneous Nondurable Goods peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -20% against the peers' median -8%. Operating margin: -3.7% against the peers' median -32.0%.

CompanyQuarterRevenueY/YOp. margin
NHTC Natural Health TrendsQ3 2026$7.6M-20%-3.7%
CENT Central Garden & PetQ3 FY26$882M-8%14.3%
VSTS VestisQ3 FY26$662M-2%5.6%
HYFM Hydrofarm Holdings GroupQ2 2026$23.2M-41%-32.0%
EDUC Educational DevelopmentQ2 FY27$4.1M-12%-38.4%
QPRC Quest Patent ResearchQ2 2026$2.0M—-74.5%
STRG Starguide GroupQ4 FY26$88+319%n/m

Source: Natural Health Trends 10-Q on SEC EDGAR · CIK 912061 · Wholesale-Miscellaneous Nondurable Goods

Guidance and outlook

Natural Health Trends: what its forward-looking statements are about (10-Q filed 2026-07-29)Natural Health Trends: what its forward-looking statements are about (10-Q filed 2026-07-29)Other4The economy3Costs2Demand1Margins1Buybacks & dividends1
12 statements; tone +0.08 (−1 all cautious, +1 all confident); 5 hedged.
Natural Health Trends: outlook statements against the filing beforeNatural Health Trends: outlook statements against the filing beforeConfident2Cautious1

13F: who owns NHTC and who is buying

Largest holders of NHTC (13F)Largest holders of NHTC (13F)Renaissance Technologies LLC$963KVanguard Group$351KBlackRock$169KGeode Capital Management, LLC$156KVanguard Capital Management LLC$136KCitadel Advisors LLC$67KVanguard Fiduciary Trust$62KJane Street Group, LLC$61KState Street$48KDimensional Fund Advisors LP$41K
Funds' net buying of NHTC by quarter (13F)Funds' net buying of NHTC by quarter (13F)−$268K2024-09−$179K2024-12−$207K2025-03$3.1M2025-06−$1.8M2025-09−$871K2025-12−$109K2026-03−$74K2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on NHTC

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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