Filing Flows › Natural Health Trends (NHTC) › Q4 2025
Natural Health Trends (NHTC) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 20, 2026
Natural Health Trends (NHTC) reported revenue of $9.7M for the fourth quarter 2025 (Q4 2025), -10% from a year earlier and +3% from the quarter before. Operating margin was -6.5%, net loss $588K (6.0% of revenue).
Natural Health Trends, Q4 2025: revenue $9.7M (-10% year over year), operating margin -6.5%, net loss $588K, operating cash flow −$959K. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.7M | +3% | -10% |
| Operating profit | −$635K | — | — |
| Net earnings | −$588K | — | — |
| Operating cash flow | −$959K | -949% | — |
What changed
Revenue was $9.7M in Q4 2025, down 10% year over year and up 3% from the previous quarter.
Gross margin was 72.9%, down 1.3 points from a year earlier. Operating costs exceeded revenue by $635K, an operating margin of -6.5%. Operating expenses fell 9% while revenue fell 10%. The quarter ended with a net loss of $588K, wider than the previous quarter's $431K loss. Non-operating items added $222K, -54% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$1.0M. Non-cash charges added back $22K of depreciation and amortization and $29K of share-based compensation. Working capital and other items used $422K. Capital expenditures of $5K exceeded it, leaving free cash flow of −$1.0M.
Questions
What was Natural Health Trends' revenue in the fourth quarter 2025?
Natural Health Trends (NHTC) reported revenue of $9.7M for the fourth quarter 2025 (Q4 2025), -10% from a year earlier and +3% from the quarter before.
Was Natural Health Trends profitable in the fourth quarter 2025?
Operating loss was $635K (-6.5% of revenue) and net loss $588K.