Mannatech, Incorporated announced its financial results for the first quarter of 2026. Gross profit as a percentage of sales grew to 75.7% during the quarter, compared to 74.3% during the same period last year. Selling and administrative expenses decreased by $0.7 million, or 7.3% year-over-year, to $9.3 million.
Net income was $1 million, or $0.49 per diluted share, compared to a net loss of $1.5 million and $0.80 per diluted share in Q1 2025. Net sales during the quarter were $24.9 million, down 8.1% year-over-year on a constant dollar basis. Loss from operations was $0.2 million, compared to $0.8 million in the first quarter of 2025.
New and continuing independent associates and preferred customers associated with product purchases totaled 111,000, down from 129,000 in the same quarter last year. Recruitment during the quarter fell 15.6% year-over-year.
“Changes in current trade policies, including with respect to tariffs, could affect our cost structure and profitability,” the company wrote in a statement. “While we take steps to mitigate or avoid these increased costs and disruptions, our ability to do so may be limited by operational and supply chain constraints and uncertainties, especially in the short term.”
The company ended the quarter with cash and cash equivalents of $7 million, a 13.4% increase from the end of 2025.
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