Mannatech Inc (MTEX)
NASDAQConsumer StaplesFood DistributionSnapshot 2026-09-04
$9.00+23.46%
Close 2026-09-04 · 1-day change
NASDAQConsumer StaplesFood DistributionSnapshot 2026-09-04
Broken: Primary pillar broken — Operating income improves to positive levels: metric not reported.
Mannatech aims to improve profit and net income soon. Cash flow from operations turned positive at $1.1M in 2026-Q1. Management focuses on keeping revenue near $25M quarterly. A new CFO may help fix financial problems.
Revenue fell from $29M to $24.9M in recent quarters. Operating income dropped from $2M profit to a loss. The company is unprofitable and faces Nasdaq delisting risks.
The market expects about 6% revenue decline next year. Our fair value is near $26, close to consensus price. The price reflects weak growth and ongoing challenges.
Breaks if: cash flow turns negative again next year
Maintain positive or improved cash flow from operating activities to support liquidity and operational needs.
Stated in 3 quarters including 2026-Q1, 2025-Q4, and 2025-Q1. Cash from operating activities improved from negative $1.37 million in 2025-Q1 to positive $1.13 million in 2026-Q1. The annual 2025 cash flow was negative $2.8 million. The trajectory shows delivering improvement in cash flow management.
“Cash from operating activities was $1.13 million for the three months ended March 31, 2026.”
“Net operating cash outflow of $2.8 million for the year ended December 31, 2025.”
“Cash from operating activities was negative $1.37 million for the three months ended March 31, 2025.”
Breaks if: financial results worsen after CFO transition
Manage executive leadership changes including appointment of new CFO to support company strategy and financial management.
Newly stated in 2026-Q2 with the announcement of Yasir Haider promoted to CFO replacing James Clavijo. No financial metrics directly tied to this priority yet. Trajectory is newly initiated.
“Yasir Haider was promoted to CFO, replacing James Clavijo.”
Breaks if: operating income remains negative over next 4 quarters
Focus on turning operating losses into operating income and improving net income through cost management and revenue growth.
Stated as a priority in 4 quarters including 2026-Q2, 2026-Q1, 2025-Q4, and 2025-Q3. Income from operations improved from a loss of $1.4 million in 2025-Q2 to a positive $1.0 million in 2026-Q2. Net income turned positive to $1.0 million in 2026-Q2 from a loss of $4.3 million in 2025-Q2. The trajectory shows delivering improvement in profitability.
“Income from operations was $1.0 million for the three months ended June 30, 2026 as compared to a loss from operations of $1.4 million in the same period in 2025.”
“Loss from operations was $0.2 million for the three months ended March 31, 2026 as compared to $0.8 million in the same period in 2025.”
“Fourth quarter operating loss for 2025 was $0.2 million as compared to operating income of $0.9 million for the fourth quarter of 2024.”
“Operating income was $2.0 million for the three months ended September 30, 2025.”
Breaks if: revenue falls below $24.9M consistently next year
Sustain or increase net sales through global market development and new revenue programs despite macroeconomic and operational challenges.
Stated in 3 quarters including 2026-Q2, 2026-Q1, and 2025-Q4. Net sales increased by $1.0 million from $25.7 million in 2025-Q2 to $26.7 million in 2026-Q2, a 5.1% constant dollar increase. However, sales declined in 2026-Q1 and 2025-Q4 compared to prior year quarters. The trajectory is mixed with recent growth but prior declines.
“Net sales for the three months ended June 30, 2026 were $26.7 million, an increase of $1.0 million compared to the same period in 2025.”
“Net sales for the three months ended March 31, 2026 were $24.9 million, a decrease of $1.6 million compared to the same period in 2025.”
“Fourth quarter net sales for 2025 were $26.6 million, a decrease of $2.4 million compared to the fourth quarter of 2024.”
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a turnaround story in the Consumer Staples sector. The current thesis state is cautious, as the company is working to improve profitability while facing high near-term risks.
The market seems to have priced in a low expectations gap, indicating that MTEX is seen as cheap compared to its peers. However, the company's recent financial performance has not kept pace with the industry, suggesting that expectations may be tempered.
Management has prioritized improving operating income and profitability, with some recent signs of progress. However, the company has a high probability of missing earnings in the near term, which adds to the uncertainty.
The future performance of MTEX will depend on broader sector trends, particularly the performance of key competitors. Additionally, a potential reacceleration of inflation could provide a favorable backdrop for the company.
Over the next 1 to 3 years, MTEX's trajectory will depend on its ability to improve profitability and navigate sector challenges. Not investment advice.
The most important moves since the prior daily snapshot.
Signal changed from 'mild_favorable' to 'mixed'.
Our read on the company is unchanged since the prior snapshot.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.