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Mannatech (MTEX) AI Stock Analysis

MTEX

Mannatech

(NASDAQ:MTEX)

Select Model
Rating:53Neutral
Price Target:$7.00â–¼(-17.36% Downside)
Action:reiterated
Date:09/10/26

MTEX's overall score is heavily weighed down by fundamental instability, highlighted by persistent net losses, negative equity, and a negative P/E ratio. However, strong short-term bullish momentum across technical indicators and a positive board leadership transition prevent the score from falling to the absolute minimum.

Positive Factors
Strong Gross MarginAn approximately 76% TTM gross margin shows the products retain substantial value after direct costs, giving Mannatech a potentially strong economic base for funding selling activity and product development. This cushion is meaningful even though it has not yet translated into consistent net profit.
Negative Factors
Negative Equity and Listing RiskNegative stockholders’ equity of $5.0 million as of June 30, 2026 contributed to Nasdaq’s equity-compliance issue. Although a Swiss tax ruling transaction is intended to restore compliance, continued monitoring and risk of future delisting signal limited balance-sheet resilience.

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

-60%-50%-40%-30%-20%-10%0%10%20%MTEX-5.36%SPY+11.79%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
$16.34M
Dividend Yield
―
Average Volume (3M)
34.58K
Price to Earnings (P/E)
-2.2
Beta (1Y)
0.65
Revenue Growth
-4.97%
EPS Growth
-91.06%
Country
US
Employees
170
Sector
Consumer Defensive
Sector Strength
62
Industry
Food Distribution

Mannatech Business Overview & Revenue Model

Company Description

Mannatech, Incorporated operates as a global enterprise focused on health and wellness. The company specializes in the creation, marketing, and distribution of a diverse range of products, including dietary supplements, topical skincare and anti-agin...

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 placed...

Mannatech Financial Statement Overview

Summary

Assigned the minimum score due to severe structural risks and multi-year revenue decline. The company suffers from persistent net losses and negative stockholders' equity, overshadowing the recent stabilization in cash flow.

Income Statement

25Negative

Balance Sheet

15Very Negative

Cash Flow

40Negative
Financial statement breakdown
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-1.39M5.55M498.00K1.15M10.61M
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 Debt8.50M7.36M6.69M5.71M6.21M1.83M
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 SentimentPositive
Last Price8.47

Price Trends

50DMA7.69Positive
100DMA6.43Positive
200DMA6.28Positive

Market Momentum

MACD0.29Negative
RSI56.85Neutral
STOCH61.98Neutral

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 8.47 is above the 20-day moving average (MA) of 8.01, above the 50-day MA of 7.69, and above the 200-day MA of 6.28, indicating a bullish trend. The MACD of 0.29 indicates Negative momentum. The RSI at 56.85 is Neutral, neither overbought nor oversold. The STOCH value of 61.98 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.

Higher RiskSector Avg.Lower RiskFinance & CorporateTech & InnovationLegal & RegulatoryProductionAbility to SellMacro & Political
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy

Latest Risks Added

1 New Risk
1.Our profitability and market competitiveness may be adversely impacted by changes in trade policies, including tariffs or other factors.Q2, 2026

Mannatech Peers Comparison

Overall Rating

UnderperformOutperform
Sector (62)

Financial Indicators

MTEX against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *62Neutral$20.33B14.63-3.31%3.23%1.93%-12.26%
EPCEPC58Neutral$1.32B-14.29-6.27%2.10%-7.00%-246.78%
MTEXMTEX53Neutral$16.34M-2.17336.75%―-4.97%-91.06%
NUSNUS51Neutral$226.35M-1.04-29.42%5.16%-15.44%-319.79%
TKLFTKLF47Neutral$6.35M0.881.71%13.59%77.22%-89.32%
SKINSKIN40Underperform$64.68M-2.20-47.84%―-6.45%-43.98%

* Consumer Defensive Sector Average

Performance Comparison

-50%-25%0%25%50%MTEXNUSEPCSKINTKLFDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
MTEX and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
MTEXMannatech Inc8.47-0.90-9.61%
NUSNu Skin Enterprises4.65-5.68-54.97%
EPCEdgewell Personal Care Co28.579.9153.09%
SKINBeauty Health Company9.94-17.46-63.72%
TKLFYoshitsu Co. Ltd. Sponsored ADR1.50-1.89-55.75%

Mannatech Corporate Events

Business Operations and StrategyDelistings and Listing ChangesFinancial DisclosuresRegulatory Filings and Compliance

Mannatech Restores Nasdaq Compliance Through Swiss Tax Ruling

Neutral
Oct 14, 2026

On April 20, 2026, Mannatech received a notice from Nasdaq that it was not in compliance with the minimum $2.5 million stockholders’ equity requirement for continued listing on the Nasdaq Capital Market, after reporting negative equity of $5.2...

Business Operations and StrategyExecutive/Board Changes

Mannatech Appoints Robert Toth as New Board Chairman

Positive
Sep 1, 2026

On September 1, 2026, Mannatech announced the retirement of long-serving chairman J. Stanley Fredrick from its board of directors, following his August 26, 2026 notice to step down for personal reasons. Fredrick, who joined the board in 2001 and has...

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: Sep 10, 2026