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Mannatech Inc. (MTEX)
NASDAQ:MTEX
US Market
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Mannatech (MTEX) AI Stock Analysis

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MTEX

Mannatech

(NASDAQ:MTEX)

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Neutral 49 (OpenAI - 5.2)
Rating:49Neutral
Price Target:
$6.00
▲(33.33% Upside)
Action:Reiterated
Date:08/17/26
MTEX scores below average primarily due to weak financial performance—especially negative equity and continued net losses—despite improved TTM cash generation. Technical indicators are a notable offset with improving momentum and price strength above key short- and mid-term averages. Valuation remains pressured by loss-making results (negative P/E), while corporate events are mildly supportive but not transformative.
Positive Factors
High Gross Margin
A ~75% gross margin indicates durable product economics and pricing power in supplements. Strong gross margin provides room to cover SG&A and invest in growth; if below-the-gross costs are controlled, it supports sustainable profitability and cash generation over the medium term.
Negative Factors
Negative Stockholders' Equity
Negative equity materially weakens the capital base, constraining strategic flexibility and increasing insolvency risk. It complicates access to capital, heightens leverage concerns, and was cited as driving Nasdaq noncompliance risk—structural constraints that impair financing and M&A options in the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
High Gross Margin
A ~75% gross margin indicates durable product economics and pricing power in supplements. Strong gross margin provides room to cover SG&A and invest in growth; if below-the-gross costs are controlled, it supports sustainable profitability and cash generation over the medium term.
Read all positive factors

Mannatech (MTEX) vs. SPDR S&P 500 ETF (SPY)

Mannatech Business Overview & Revenue Model

Company Description
Mannatech, Incorporated (MTEX) is a health and wellness company that develops and sells nutritional supplements and related wellness products. The company operates in the dietary supplement and personal care/wellness markets and distributes its pr...
How the Company Makes Money
Mannatech primarily makes money by selling its health and wellness products (such as nutritional supplements and related wellness offerings) to end customers through a direct selling distribution model. Revenue is generated from product sales plac...

Mannatech Financial Statement Overview

Summary
Overall financials remain weak. The income statement reflects recurring losses despite very strong gross margins, the balance sheet is a major risk with negative equity in 2025 and TTM, and cash flow is a partial offset with positive TTM operating and free cash flow but high volatility and weakening momentum versus the prior period.
Income Statement
38
Negative
Balance Sheet
22
Negative
Cash Flow
41
Neutral
BreakdownTTMMar 2026Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue107.36M108.04M117.87M131.96M137.21M159.76M
Gross Profit81.67M80.96M91.46M102.86M104.15M125.61M
EBITDA6.29M-426.00K5.55M498.00K3.02M10.61M
Net Income-7.41M-15.21M2.49M-2.24M-4.49M9.84M
Balance Sheet
Total Assets27.47M29.99M36.06M41.21M49.13M59.63M
Cash, Cash Equivalents and Short-Term Investments6.03M6.18M11.40M7.73M13.78M24.18M
Total Debt6.34M7.36M6.69M5.71M6.21M1.83M
Total Liabilities32.44M35.22M27.44M30.72M34.95M35.21M
Stockholders Equity-4.97M-5.22M8.61M10.48M14.18M24.41M
Cash Flow
Free Cash Flow1.60M-4.32M1.96M-3.12M-3.66M10.12M
Operating Cash Flow2.46M-2.96M2.26M-2.37M-2.60M10.77M
Investing Cash Flow-861.00K-1.35M-285.00K-747.00K-1.06M-650.00K
Financing Cash Flow-213.00K-561.00K1.96M-1.90M-4.33M-9.29M

Mannatech Technical Analysis

Technical Analysis Sentiment
Positive
Last Price4.50
Price Trends
50DMA
5.10
Positive
100DMA
5.18
Positive
200DMA
6.62
Negative
Market Momentum
MACD
0.19
Negative
RSI
68.83
Neutral
STOCH
69.83
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MTEX, the sentiment is Positive. The current price of 4.5 is below the 20-day moving average (MA) of 4.93, below the 50-day MA of 5.10, and below the 200-day MA of 6.62, indicating a neutral trend. The MACD of 0.19 indicates Negative momentum. The RSI at 68.83 is Neutral, neither overbought nor oversold. The STOCH value of 69.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MTEX.

Mannatech Risk Analysis

Mannatech disclosed 41 risk factors in its most recent earnings report. Mannatech reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Mannatech Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
62
Neutral
$20.33B14.63-3.31%3.23%1.93%-12.26%
58
Neutral
$1.31B-14.21-6.27%2.17%-7.00%-246.78%
51
Neutral
$233.65M-1.08-29.42%4.72%-15.44%-319.79%
50
Neutral
$8.21M1.141.71%4.07%77.22%-89.32%
49
Neutral
$12.06M-1.60-2383.34%-4.97%-91.06%
47
Neutral
$86.80M-2.96-47.84%-6.45%-44.06%
* Consumer Defensive Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
MTEX
Mannatech
6.50
-2.05
-23.98%
NUS
Nu Skin
4.68
-6.67
-58.76%
EPC
Edgewell Personal Care
28.06
5.62
25.03%
SKIN
Beauty Health
0.60
-1.59
-72.60%
TKLF
Yoshitsu Co. Ltd. Sponsored ADR
1.88
-1.71
-47.63%

Mannatech Corporate Events

Business Operations and StrategyExecutive/Board Changes
Mannatech Names Yasir Haider as New Chief Financial Officer
Positive
Jun 8, 2026
On June 8, 2026, Mannatech announced that its board appointed Yasir Haider as Chief Financial Officer and principal financial officer, effective June 3, 2026, succeeding former CFO James Clavijo. Haider, who joined Mannatech as Controller in Janua...
Executive/Board ChangesFinancial DisclosuresShareholder Meetings
Mannatech Shareholders Approve All Proposals at 2026 Meeting
Positive
Jun 3, 2026
Mannatech reported that shareholders passed all proposals at the 2026 annual meeting held on June 2, 2026, where 71.0% of the company’s 1,929,670 outstanding shares were represented. Investors elected John A. Seifrick and Robert Toth as Clas...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Aug 17, 2026