# Mannatech, Incorporated (MTEX)

**Exchange:** NASDAQ  
**Sector:** Consumer Defensive  
**Market cap:** $11M  
**Price:** $5.69 (+1.25%)

> Mannatech, Incorporated is a global health and wellness company that develops, markets, and distributes nutritional supplements, topical and skin care products, as well as weight-management solutions. The firm's core objective is to improve health and wellness through scientifically validated ingredients and formulas. Central to Mannatech's offerings are glyconutrient products, designed to support cellular communication within the body. Operating primarily in the multilevel marketing sector, it expands its reach by establishing direct sales channels across numerous international markets. Headquartered in Flower Mound, Texas, the company plays a significant role in the growing nutraceutical industry, meeting the increasing consumer demand for personalized health and wellness products. By leveraging cutting-edge research and development, Mannatech has positioned itself as a significant player in the global shift towards natural and holistic health solutions. With a focus on innovative product development and strategic market positioning, Mannatech addresses the needs of its diverse customer base, contributing to the broader trends in consumer healthcare and wellness products globally.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $108M | $81M | -$426,000 | -$15M | — |
| 2024 | $118M | $91M | $1M | $2M | — |
| 2023 | $132M | $103M | -$964,000 | -$2M | — |
| 2022 | $137M | $104M | -$405,000 | -$4M | — |
| 2021 | $160M | $126M | $9M | $10M | — |
| 2020 | $151M | $116M | $4M | $6M | — |
| 2019 | $158M | $126M | $6M | $3M | — |
| 2018 | $174M | $139M | -$90,000 | -$4M | — |
| 2017 | $177M | $141M | $3M | -$2M | — |
| 2016 | $180M | $144M | $661,000 | -$586,000 | — |
| 2015 | $180M | $146M | $12M | $6M | — |
| 2014 | $190M | $152M | $13M | $6M | — |
| 2013 | $177M | $141M | $5M | $3M | — |
| 2012 | $173M | $139M | -$980,000 | -$1M | — |
| 2011 | $201M | $162M | -$17M | -$21M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $30M | $35M | -$5M | $6M | $3M |
| 2024 | $36M | $27M | $9M | $11M | — |
| 2023 | $41M | $31M | $10M | $8M | — |
| 2022 | $49M | $35M | $14M | $14M | — |
| 2021 | $60M | $35M | $24M | $24M | — |
| 2020 | $65M | $39M | $26M | $22M | — |
| 2019 | $63M | $36M | $27M | $25M | — |
| 2018 | $62M | $37M | $25M | $22M | — |
| 2017 | $76M | $36M | $40M | $38M | — |
| 2016 | $71M | $32M | $39M | $29M | — |
| 2015 | $69M | $30M | $39M | $32M | — |
| 2014 | $67M | $36M | $31M | $28M | — |
| 2013 | $56M | $33M | $23M | $20M | — |
| 2012 | $48M | $28M | $20M | $14M | — |
| 2011 | $58M | $37M | $22M | $18M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | -$3M | $1M | -$4M |
| 2024 | $2M | $297,000 | $2M |
| 2023 | -$2M | $748,000 | -$3M |
| 2022 | -$3M | $1M | -$4M |
| 2021 | $11M | $650,000 | $10M |
| 2020 | $6M | $949,000 | $5M |
| 2019 | $5M | $1M | $4M |
| 2018 | -$222,000 | $2M | -$3M |
| 2013 | $9M | $602,000 | $8M |
| 2012 | -$2M | $379,000 | -$2M |
| 2011 | -$3M | $777,000 | -$4M |

Source: [CompaniesByCap](https://companiesbycap.com/company/MTEX)