Mannatech Posts Earnings of $4.61 per Share Despite 14.7% Drop in Third-Quarter Sales
Key Facts
Mannatech said on November 12, 2026, that third-quarter diluted earnings per share under generally accepted accounting principles were $4.61, up from $1.01 in the same period a year earlier, according to RTTNews. The company’s net income was $8.905 million, compared with $1.924 million in the third quarter of 2025. Earnings growth came despite a decline in net sales, showing a divergence between income and revenue during the period. Sales fell to $24.872 million in the three months ended September 30, 2026. They were $29.161 million a year earlier.
The 14.7% annual decline in sales was the clearest sign of revenue contraction compared with the year-earlier period, even as net income and earnings per share rose. RTTNews said net income was $8.905 million, or $4.61 per share, compared with $1.924 million, or $1.01 per share, a year earlier. The divergence between revenue and profit reflects the different directions of the two measures during the quarter, as sales declined while reported income rose. The available report did not explain the reasons for the increase in net income or detail the components of the change. The available information also did not include market expectations or the performance of the company’s segments.
The company is also being monitored by Nasdaq over the shareholders’ equity requirement for continued listing. Mannatech said in a filing with the U.S. Securities and Exchange Commission that Nasdaq notified it on April 20, 2026, that it did not meet the minimum shareholders’ equity requirement of $2,500,000. The filing showed shareholders’ equity of about negative $4,970,000 on June 30, 2026, compared with a deficit of $5,223,000 on December 31, 2025. The company said it believes it has regained compliance with the requirement, but its assessment was preliminary and based on estimated figures. The filing said this assessment does not guarantee continued listing.
Separately, the company said in its filing that it had entered into an agreement to acquire full direct ownership of Mannatech Swiss Holdings. It said the transaction qualifies eligible distributions for a reduced 5% withholding tax rate under the U.S.-Switzerland treaty. The filing did not specify any financial impact of the transaction on third-quarter results in the available information. On October 14, 2026, Mannatech said Nasdaq would continue monitoring its compliance with the shareholders’ equity requirements. The filing links the assessment of continued compliance to the company’s next periodic report.
The next periodic report is the annual report for the year ended December 31, 2026, according to the company’s filing. Nasdaq said Mannatech could face delisting if it does not demonstrate compliance with the rule when that report is filed. This deadline places the third-quarter results within a period of continued monitoring of the listing requirement, alongside the company’s financial results. MTEX shares closed at $8.57 in the November 11, 2026, session, according to EL7 data. No reliable confirmation of the stock’s trading range during the session was available.