📊 MTEX Key Takeaways
Is Mannatech Inc. (MTEX) a Good Investment?
MTEX faces critical financial distress with negative stockholders equity of -$5.6M, indicating technical insolvency on a book basis. Declining revenue (-8.3% YoY) combined with negative operating margins and severely constrained liquidity create an unsustainable financial position. While positive free cash flow provides near-term survival capability, without significant operational turnaround, bankruptcy risk is substantial.
Despite very high gross margins, Mannatech remains unprofitable with negative operating cash flow and a thin equity base. Liquidity is tight (weak quick ratio) and leverage, while modest, sits on a small capital base, elevating execution risk. A durable turnaround requires sustained SG&A discipline and consistent cash generation, which is not yet evident.
Why Buy Mannatech Inc. Stock? MTEX Key Strengths
- High gross margin of 75.7% indicates strong pricing power and product demand at gross level
- Positive free cash flow of $997K despite negative operating income demonstrates some operational cash generation capability
- Cash reserves of $7.0M provide short-term liquidity cushion
- High gross margin (~75%) enabling potential operating leverage
- Low long-term debt with cash roughly covering it
- Operating loss is near break-even, offering cost-cut path to profitability
MTEX Stock Risks: Mannatech Inc. Investment Risks
- Negative stockholders equity of -$5.6M indicates technical insolvency with liabilities exceeding assets
- Revenue declining 8.3% YoY combined with negative operating margin signals deteriorating business fundamentals
- Severely constrained liquidity with current ratio 1.09x and quick ratio 0.59x creates minimal financial flexibility
- Zero insider transactions in past 90 days suggests lack of management confidence in company prospects
- Negative net income and free cash flow
- Weak liquidity (quick ratio 0.56x) and small equity base
- Uncertain revenue quality/sustainability despite headline growth
Key Metrics to Watch
- Stockholders equity trend and path to positive equity restoration
- Revenue stabilization and return to positive growth trajectory
- Operating margin improvement to achieve positive operating income
- Cash burn rate relative to cash balance for solvency runway assessment
- Operating cash flow
- Operating margin (SG&A as % of revenue)
Mannatech Inc. (MTEX) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The relatively thin 4.0% FCF margin may limit capital allocation flexibility.
MTEX Profit Margin, ROE & Profitability Analysis
MTEX vs Materials Sector: How Mannatech Inc. Compares
How Mannatech Inc. compares to Materials sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Mannatech Inc. Stock Overvalued? MTEX Valuation Analysis 2026
Based on fundamental analysis, Mannatech Inc. has mixed fundamental signals relative to the Materials sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Mannatech Inc. Balance Sheet: MTEX Debt, Cash & Liquidity
MTEX Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Mannatech Inc.'s revenue has declined by 26% over the 5-year period, indicating business contraction. The most recent EPS of $1.32 reflects profitable operations.
MTEX Revenue Growth, EPS Growth & YoY Performance
MTEX Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $24.9M | $950.0K | $0.49 |
| Q3 2025 | $29.2M | $228.0K | $0.12 |
| Q1 2025 | $26.6M | $1.2M | $0.63 |
| Q3 2024 | $31.7M | $18.0K | $0.01 |
| Q2 2024 | $27.7M | -$501.0K | $-0.27 |
| Q1 2024 | $29.4M | $604.0K | $0.32 |
| Q3 2023 | $32.4M | $18.0K | $0.01 |
| Q2 2023 | $32.6M | $134.0K | $-0.27 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Mannatech Inc. Dividends, Buybacks & Capital Allocation
MTEX SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Mannatech Inc. (CIK: 0001056358)
📋 Recent SEC Filings
❓ Frequently Asked Questions about MTEX
What is the AI rating for MTEX?
Mannatech Inc. (MTEX) has a Combined AI Rating of SELL from Claude (STRONG SELL) and ChatGPT (SELL) with 80% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are MTEX's key strengths?
Claude: High gross margin of 75.7% indicates strong pricing power and product demand at gross level. Positive free cash flow of $997K despite negative operating income demonstrates some operational cash generation capability. ChatGPT: High gross margin (~75%) enabling potential operating leverage. Low long-term debt with cash roughly covering it.
What are the risks of investing in MTEX?
Claude: Negative stockholders equity of -$5.6M indicates technical insolvency with liabilities exceeding assets. Revenue declining 8.3% YoY combined with negative operating margin signals deteriorating business fundamentals. ChatGPT: Negative net income and free cash flow. Weak liquidity (quick ratio 0.56x) and small equity base.
What is MTEX's revenue and growth?
Mannatech Inc. reported revenue of $24.9M.
Does MTEX pay dividends?
Mannatech Inc. does not currently pay dividends.
Where can I find MTEX SEC filings?
Official SEC filings for Mannatech Inc. (CIK: 0001056358) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is MTEX's EPS?
Mannatech Inc. has a diluted EPS of $0.49.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is MTEX a good stock to buy right now?
Based on our AI fundamental analysis in May 2026, Mannatech Inc. has a SELL rating with 80% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is MTEX stock overvalued or undervalued?
Valuation metrics for MTEX: ROE of N/A (sector avg: 14%), net margin of 3.8% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.
Should I buy MTEX stock in 2026?
Our dual AI analysis gives Mannatech Inc. a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is MTEX's free cash flow?
Mannatech Inc.'s operating cash flow is $1.1M, with capital expenditures of $129.0K. FCF margin is 4.0%.
How does MTEX compare to other Materials stocks?
Vs Materials sector averages: Net margin 3.8% (avg: 10%), ROE N/A (avg: 14%), current ratio 1.09 (avg: 1.6).