NATURAL HEALTH TRENDS CORP
Business
Natural Health Trends Corp is an international direct-selling and e-commerce company that sells personal care, wellness, and lifestyle products under the NHT Global brand through a network marketing system. The company offers wellness supplements, herbal products, beauty skincare, lifestyle products, and at-home health testing kits. It operates through wholly-owned subsidiaries across the Americas, Greater China, Southeast Asia, South Korea, Japan, India, Europe, Russia, and Kazakhstan, with members purchasing products directly via the internet for personal consumption or resale to retail consumers.
Summary from 10-K filed 2026-02-20
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net sales | 40 | 43 | 44 | 49 | 60 | |
| Cost of sales | 11 | 11 | 11 | 13 | 15 | |
| Gross profit | 29 | 32 | 33 | 36 | 45 | |
| Commissions expense | 16 | 18 | 18 | 21 | 26 | |
| Selling, general and administrative expenses | 15 | 16 | 16 | 16 | 18 | |
| Total operating expenses | 31 | 33 | 34 | 37 | 43 | |
| Loss from operations | −2 | −1 | −2 | −270,000 | 2 | |
| Other income, net | 1 | 2 | 2 | 872,000 | −61,000 | |
| Income (loss) before income taxes | −567,000 | 620,000 | 745,000 | 602,000 | 2 | |
| Income tax provision | 315,000 | 48,000 | 177,000 | 289,000 | 425,000 | |
| Net income (loss) | −882,000 | 572,000 | 568,000 | 313,000 | 1 | |
| Basic (in dollars per share) | −0.08 | 0.05 | 0.05 | 0.03 | 0.1 | |
| Diluted (in dollars per share) | −0.08 | 0.05 | 0.05 | 0.03 | 0.09 | |
| Basic (in shares) | 11 | 11 | 11 | 11 | 11 | |
| Diluted (in shares) | 11 | 11 | 11 | 11 | 11 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 7 | 14 | 56 | 70 | 84 | |
| Marketable securities | 22 | 30 | 0 | — | — | |
| Inventories, net | 2 | 3 | 4 | 5 | 5 | |
| Other current assets | 3 | 4 | 4 | 3 | 4 | |
| Total current assets | 34 | 51 | 64 | 78 | 93 | |
| Property and equipment, net | 153,000 | 190,000 | 266,000 | 394,000 | 463,000 | |
| Operating lease right-of-use assets | 2 | 2 | 3 | 4 | 3 | |
| Restricted cash | 7,000 | 34,000 | 39,000 | 79,000 | 522,000 | |
| Deferred tax asset | 289,000 | 382,000 | 369,000 | 195,000 | 309,000 | |
| Other assets | 2 | 1 | 869,000 | 606,000 | 571,000 | |
| Total assets | 38 | 55 | 69 | 83 | 98 | |
| Accounts payable | 555,000 | 895,000 | 990,000 | 810,000 | 761,000 | |
| Income taxes payable | 5,000 | 5 | 4 | 3 | 1 | |
| Accrued commissions | 2 | 2 | 2 | 3 | 4 | |
| Other accrued expenses | 1 | 1 | 1 | 1 | 2 | |
| Deferred revenue | 6 | 6 | 6 | 6 | 9 | |
| Amounts held in eWallets | 3 | 3 | 4 | 5 | 6 | |
| Operating lease liabilities | 869,000 | 1 | 1 | 1 | 1 | |
| Other current liabilities | 451,000 | 709,000 | 784,000 | 905,000 | 865,000 | |
| Total current liabilities | 14 | 21 | 20 | 20 | 25 | |
| Deferred tax liability | 180,000 | 174,000 | 135,000 | 141,000 | 153,000 | |
| Operating lease liabilities | 1 | 2 | 2 | 3 | 2 | |
| Total liabilities | 15 | 22 | 27 | 33 | 39 | |
| Commitments and contingencies (Note 8) | — | — | — | — | — | |
| Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued and outstanding | 0 | 0 | 0 | 0 | 0 | |
| Common stock, $0.001 par value; 50,000,000 shares authorized; 12,979,414 shares issued at December 31, 2025 and 2024 | 13,000 | 13,000 | 13,000 | 13,000 | 13,000 | |
| Additional paid-in capital | 85 | 85 | 85 | 86 | 86 | |
| Accumulated deficit | −36 | −26 | −18 | −9 | −231,000 | |
| Accumulated other comprehensive loss | −784,000 | −1 | −1 | −1 | −492,000 | |
| Treasury stock, at cost; 1,466,339 shares at December 31, 2025 and 2024 | −24 | −24 | −24 | −26 | — | |
| Total stockholders equity | 23 | 33 | 42 | 50 | 59 | |
| Total liabilities and stockholders equity | 38 | 55 | 69 | 83 | 98 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 109,000 | 131,000 | 164,000 | 204,000 | 299,000 | |
| Net accretion of marketable securities | −375,000 | −441,000 | 0 | — | — | |
| Share-based compensation | 132,000 | 145,000 | 161,000 | 0 | — | |
| Noncash lease expense | 1 | 1 | 1 | 1 | 1 | |
| Deferred income taxes | 102,000 | 17,000 | −178,000 | 90,000 | 362,000 | |
| Inventories | 1 | 1 | 228,000 | 680,000 | −2 | |
| Other current assets | 1 | −113,000 | −452,000 | 992,000 | −803,000 | |
| Other assets | −640,000 | −421,000 | −270,000 | −67,000 | 68,000 | |
| Accounts payable | −341,000 | −94,000 | 181,000 | 52,000 | 182,000 | |
| Income taxes payable | −5 | −4 | −3 | −1 | −2 | |
| Accrued commissions | −111,000 | −19,000 | −866,000 | −654,000 | 212,000 | |
| Other accrued expenses | −7,000 | 271,000 | −4,000 | −732,000 | 20,000 | |
| Deferred revenue | −854,000 | 245,000 | 565,000 | −3 | 5 | |
| Amounts held in eWallets | −445,000 | −672,000 | −947,000 | −1 | −2 | |
| Operating lease liabilities | −1 | −1 | −1 | −1 | −1 | |
| Other current liabilities | −279,000 | −62,000 | −119,000 | 55,000 | −395,000 | |
| Net cash used in operating activities | −6 | −3 | −4 | −5 | 1 | |
| Purchases of property and equipment | −68,000 | −57,000 | −46,000 | −143,000 | −225,000 | |
| Purchases of marketable securities | −51 | −70 | 0 | — | — | |
| Proceeds from maturities of marketable securities | 59 | 40 | 0 | — | — | |
| Net cash provided by (used in) investing activities | 8 | −30 | −46,000 | −143,000 | −225,000 | |
| Dividends paid | −9 | −9 | −9 | −9 | −9 | |
| Net cash used in financing activities | −9 | −9 | −9 | −9 | −9 | |
| Net decrease in cash, cash equivalents and restricted cash | −7 | −43 | −14 | −15 | −9 | |
| Effect of exchange rates on cash, cash equivalents and restricted cash | 312,000 | 5,000 | 10,000 | −486,000 | −180,000 | |
| Right-of-use assets obtained in exchange for operating lease liabilities | 487,000 | 124,000 | 147,000 | 2 | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is NATURAL HEALTH TRENDS CORP's CIK number?
NATURAL HEALTH TRENDS CORP's SEC CIK number is 0000912061 (912061). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find NATURAL HEALTH TRENDS CORP's SEC filings?
All of NATURAL HEALTH TRENDS CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did NATURAL HEALTH TRENDS CORP last report earnings?
NATURAL HEALTH TRENDS CORP (NHTC) most recently filed an earnings 8-K with the SEC on Apr 29, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001437749-26-013743). This is NATURAL HEALTH TRENDS CORP's most recent earnings filing of record — not a forecast of its next earnings date.
What is NATURAL HEALTH TRENDS CORP's most recent earnings 8-K?
NATURAL HEALTH TRENDS CORP's latest earnings 8-K (Item 2.02) was filed Apr 29, 2026 under accession 0001437749-26-013743. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View NATURAL HEALTH TRENDS CORP's latest earnings 8-K →
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