MANNATECH INC Earnings Per Share Disclosure
NOTE 16: EARNINGS PER SHARE
The Company calculates basic Earnings per Share ("EPS") by dividing net income (loss) by the weighted-average number of common shares outstanding for the period. Diluted EPS also reflects the potential dilution that could occur if common stock were issued for awards outstanding under the Mannatech, Incorporated 2017 Stock Incentive Plan.
In determining the potential dilutive effect of outstanding stock options for the years ended December 31, 2025 and 2024, the Company used the average common stock close price of $9.74 and $8.27 per share, respectively.
For the year ended December 31, 2025, options outstanding were excluded from the diluted EPS calculations as their effect would have been antidilutive. The Company reported a net loss for the year ended December 31, 2025.
For the year ended December 31, 2024, there were 1.89 million weighted-average common shares outstanding used for the basic EPS calculation. For the year ended December 31, 2024, 8,187 restricted share units were granted (see Note 12, Stock Based Compensation, for more information). These shares were excluded from the calculation of diluted EPS because the related market condition was not achieved. In addition, 143,974 shares underlying stock options were excluded from the diluted EPS calculation, as their effect would have been antidilutive.
Calculation of net EPS— basic and diluted (in thousands, except EPS):
| Years Ended December 31, | ||||||||
| 2025 | 2024 | |||||||
| Net (loss) income attributable to common stockholders | $ | (15,213 | ) | $ | 2,490 | |||
| Weighted average common shares outstanding (for basic calculation) | 1,901 | 1,885 | ||||||
| Dilutive effect of outstanding common stock options and RSU’s | — | — | ||||||
| Weighted average common and common equivalent shares outstanding | 1,901 | 1,885 | ||||||
| (Loss) income per share - Basic | $ | (8.00 | ) | $ | 1.32 | |||
| (Loss) income per share - Diluted | $ | (8.00 | ) | $ | 1.32 | |||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Apr 15, 2026 | Showing above |
| 2024 | Mar 26, 2025 | |
| 2023 | Mar 28, 2024 | |
| 2022 | Mar 17, 2023 | |
| 2021 | Mar 15, 2022 | |
| 2020 | Mar 19, 2021 | |
| 2019 | Mar 26, 2020 | |
| 2018 | Mar 11, 2019 | |
| 2017 | Mar 26, 2018 | |
| 2016 | Mar 14, 2017 | |
| 2015 | Mar 15, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.