NATURAL HEALTH TRENDS CORP NHTC

Industrials SIC 5190 - Wholesale-Miscellaneous Nondurable Goods NAICS Wholesale Trade › Merchant Wholesalers, Nondurable Goods › Miscellaneous Nondurable Goods Merchant Wholesalers derived Nasdaq

Natural Health Trends Corp. is an international direct-selling and e-commerce company. Through our subsidiaries, we sell personal care, wellness, and "quality of life" products under the "NHT Global" brand. Our wholly-owned subsidiaries have an active physical presence in the following markets: the Americas, which consists of the United States, Canada, Cayman Islands, Mexico, Peru and Colombia; Greater China, which consists of Hong Kong, Taiwan and China; Southeast Asia, which consists of Malaysia and Singapore; South Korea; Japan; India; and Europe. We also operate in Russia and Kazakhstan through our engagement with a local service provider.

Most of our order volume, particularly in our Hong Kong subsidiary, is for personal consumption through existing members' referrals. Our objectives are to enrich the lives of our customers and enable our members to benefit financially from the sale of our products.

Last close 0.78 2026-10-23
Market cap $6.7M 2026-03-31 share count
52-week range 0.78 - 4.60

Valuation FY2025 figures against the last close

P/S0.2x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield137.6%
Diluted EPS-0.08

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $39.8M$43.0M$43.9M$49.1M$60.0M$62.1M$77.6M$191.9M$197.6M$287.7M
Cost of revenue $10.5M$11.2M$11.2M$12.7M$15.0M$17.0M$20.1M$39.4M$38.6M$54.9M
Gross profit $29.3M$31.8M$32.7M$36.5M$45.0M$45.1M$57.5M$152.5M$158.9M$232.8M
SG&A $14.8M$15.5M$16.0M$16.0M$17.8M$18.2M$27.2M$31.3M$32.2M$43.2M
Total operating expenses $31.1M$33.1M$34.4M$36.7M$43.4M$44.4M$64.5M$118.8M$115.9M$168.7M
Operating income -$1.8M-$1.3M-$1.7M-$270.0K$1.6M$669.0K-$7.0M$33.7M$43.1M$64.1M
Pre-tax income -$567.0K$620.0K$745.0K$602.0K$1.5M$1.5M-$5.6M$34.5M$43.4M$64.1M
Income tax $315.0K$48.0K$177.0K$289.0K$425.0K$647.0K$14.0K$3.5M$19.8M$9.0M
Net income -$882.0K$572.0K$568.0K$313.0K$1.1M$843.0K-$5.6M$31.0M$23.6M$55.1M
EPS, basic -0.080.050.050.030.100.08-0.522.752.104.84
EPS, diluted -0.080.050.050.030.090.07-0.522.742.094.83
Shares, diluted (wtd. avg.) 11.5M11.5M11.5M11.4M11.4M11.4M10.9M11.3M11.3M11.4M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $6.8M$13.5M$56.2M$69.7M$83.8M$92.4M$96.0M$135.7M$138.5M$128.9M
Short-term investments $22.1M$30.4M$0———————
Inventory $2.0M$3.3M$4.3M$4.5M$5.3M$3.8M$6.4M$12.2M$8.4M$11.3M
Total current assets $34.2M$51.0M$64.2M$77.6M$93.5M$99.7M$108.4M$150.2M$151.2M$141.2M
Property, plant and equipment $153.0K$190.0K$266.0K$394.0K$463.0K$539.0K$735.0K$934.0K$1.1M$1.4M
Goodwill ——————$0$1.8M$1.8M$1.8M
Total assets $38.4M$55.4M$69.1M$82.8M$98.4M$105.9M$118.5M$157.9M$159.6M$148.1M
Accounts payable $555.0K$895.0K$990.0K$810.0K$761.0K$580.0K$680.0K$1.6M$1.8M$2.1M
Total current liabilities $13.7M$20.8M$20.0M$20.4M$24.7M$21.5M$26.3M$43.1M$41.9M$57.2M
Total liabilities $15.0M$22.5M$27.5M$32.7M$38.9M$38.2M$43.4M$68.1M$68.9M$65.6M
Retained earnings -$36.4M-$26.3M-$17.7M-$9.1M-$231.0K$7.8M$16.1M$44.4M$44.9M$38.5M
Total equity $23.4M$32.9M$41.6M$50.2M$59.5M$67.7M$75.1M$89.9M$90.6M$82.4M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow -$6.0M-$3.4M-$4.3M-$4.9M$1.0M$1.9M-$18.6M$29.7M$26.6M$53.2M
Depreciation and amortisation $109.0K$131.0K$164.0K$204.0K$299.0K$410.0K$387.0K$424.0K$536.0K$394.0K
Stock-based compensation $132.0K$145.0K$161.0K$0———$0$35.0K$104.0K
Capital expenditure $68.0K$57.0K$46.0K$143.0K$225.0K$211.0K$189.0K$214.0K$278.0K$905.0K
Investing cash flow $8.1M-$30.1M-$46.0K-$143.0K-$225.0K-$211.0K-$189.0K-$214.0K-$278.0K-$905.0K
Financing cash flow -$9.2M-$9.2M-$9.2M-$9.1M-$9.1M-$9.1M-$17.5M-$31.5M-$17.2M-$30.6M
Dividends paid $9.2M$9.2M$9.2M$9.1M$9.1M$9.1M$7.3M$31.5M$17.2M$6.9M
Buybacks —————$0$10.1M$0$0$23.7M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-004876.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -100M 0 100M 200M 300M Revenue, FY2016: 287.7M Gross profit, FY2016: 232.8M Net income, FY2016: 55.1M Revenue, FY2017: 197.6M Gross profit, FY2017: 158.9M Net income, FY2017: 23.6M Revenue, FY2018: 191.9M Gross profit, FY2018: 152.5M Net income, FY2018: 31M Revenue, FY2019: 77.6M Gross profit, FY2019: 57.5M Net income, FY2019: -5.6M Revenue, FY2020: 62.1M Gross profit, FY2020: 45.1M Net income, FY2020: 843K Revenue, FY2021: 60M Gross profit, FY2021: 45M Net income, FY2021: 1.1M Revenue, FY2022: 49.1M Gross profit, FY2022: 36.5M Net income, FY2022: 313K Revenue, FY2023: 43.9M Gross profit, FY2023: 32.7M Net income, FY2023: 568K Revenue, FY2024: 43M Gross profit, FY2024: 31.8M Net income, FY2024: 572K Revenue, FY2025: 39.8M Gross profit, FY2025: 29.3M Net income, FY2025: -882K FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $287.7M $197.6M $191.9M $77.6M $62.1M $60.0M $49.1M $43.9M $43.0M $39.8M
Gross profit $232.8M $158.9M $152.5M $57.5M $45.1M $45.0M $36.5M $32.7M $31.8M $29.3M
Net income $55.1M $23.6M $31.0M -$5.6M $843.0K $1.1M $313.0K $568.0K $572.0K -$882.0K

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Shareholder vote Item 5.07
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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