Natural Health Trends Corp. (NHTC) Income Statement
NHTC 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsNHTC revenue and net income
Where NHTC's revenue goes
2025Each bar shows an amount and its share of revenue. NHTC kept −2.2% of revenue as net income.
NHTC profit margins
NHTC growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −7.4% | −6.8% | −8.5% | −18.0% |
| Gross profit | −8.0% | −7.1% | −8.3% | −18.7% |
| Operating income | — | — | — | — |
| Net income | −254.2% | — | — | — |
| EPS (diluted) | −260.0% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
NHTC quarterly EPS vs estimates
Natural Health Trends beat the analyst EPS estimate in 0 of the last 1 quarters. Next report: November 4, 2026.
NHTC income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $39.8M | $43.0M | $43.9M | $49.1M | $60.0M | $62.1M | $77.6M | $191.9M | $197.6M | $12.09B |
| Cost of revenue | $10.5M | $11.2M | $11.2M | $12.7M | $15.0M | $17.0M | $20.1M | $39.4M | $38.6M | $6.15B |
| Gross profit | $29.3M | $31.8M | $32.7M | $36.5M | $45.0M | $45.1M | $57.5M | $152.5M | $158.9M | $5.94B |
| Research & development | — | — | — | — | — | — | — | — | — | $774.0M |
| Sales, general & admin | $31.1M | $33.1M | $35.2M | $36.7M | $43.4M | $44.4M | $62.8M | $118.8M | $115.9M | $3.33B |
| Total operating expenses | $31.1M | $33.1M | $23.2M | $36.7M | $43.4M | $44.4M | $64.5M | $118.8M | $115.9M | $0 |
| Operating income | −$1.8M | −$1.3M | −$1.7M | −$270,000 | $1.6M | $669,000 | −$7.0M | $33.7M | $43.1M | $1.48B |
| Interest expense | — | — | — | $872,000 | $61,000 | $821,000 | $2.1M | $0 | $0 | $0 |
| Income before taxes | −$567,000 | $620,000 | $745,000 | $602,000 | $1.5M | $1.5M | −$5.6M | $34.5M | $43.4M | $976.0M |
| Income taxes | $315,000 | $48,000 | $177,000 | $289,000 | $425,000 | $647,000 | $14,000 | $3.5M | $19.8M | −$124.0M |
| Net income | −$882,000 | $572,000 | $568,000 | $313,000 | $1.1M | $843,000 | −$5.6M | $31.0M | $23.6M | $1.10B |
| EBITDA | −$458,000 | $751,000 | −$1.7M | $806,000 | $1.8M | $1.1M | −$4.9M | $34.2M | $43.6M | — |
| EPS (diluted) | −$0.08 | $0.05 | $0.05 | $0.03 | $0.09 | $0.14 | −$0.52 | $2.74 | $4.02 | $97.59 |
| Gross margin | 73.5% | 74.0% | 74.6% | 74.2% | 75.0% | 72.6% | 74.1% | 79.5% | 80.4% | 49.1% |
| Operating margin | −4.5% | −3.0% | −3.8% | −0.5% | 2.6% | 1.1% | −9.0% | 17.6% | 21.8% | 12.2% |
| Net margin | −2.2% | 1.3% | 1.3% | 0.6% | 1.8% | 1.4% | −7.2% | 16.2% | 11.9% | 9.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.6M | $9.2M | $9.7M | $9.5M | $9.8M | $10.7M | $10.8M | $10.7M | $10.5M | $11.0M | $10.9M | $10.6M |
| Cost of revenue | $1.9M | $2.3M | $2.6M | $2.5M | $2.6M | $2.8M | $2.8M | $2.8M | $2.7M | $2.9M | $2.8M | $2.7M |
| Gross profit | $5.7M | $6.9M | $7.1M | $7.0M | $7.3M | $7.9M | $8.0M | $7.9M | $7.8M | $8.0M | $8.1M | $7.9M |
| Sales, general & admin | $6.4M | $7.4M | $7.7M | $7.5M | $7.6M | $8.2M | $8.5M | $8.2M | $8.0M | $8.4M | $8.4M | $8.2M |
| Total operating expenses | $6.4M | $7.4M | $7.7M | $7.5M | $7.6M | $8.2M | $8.5M | $8.2M | $8.0M | $8.4M | $8.4M | $8.2M |
| Operating income | −$643,000 | −$474,000 | −$635,000 | −$495,000 | −$333,000 | −$345,000 | −$421,000 | −$275,000 | −$238,000 | −$365,000 | −$242,000 | −$292,000 |
| Interest expense | — | — | — | — | — | — | — | — | — | — | $2.1M | — |
| Income before taxes | −$453,000 | −$179,000 | −$413,000 | −$289,000 | $15,000 | $120,000 | −$25,000 | $166,000 | $281,000 | $198,000 | $466,000 | $293,000 |
| Income taxes | −$2,000 | −$25,000 | $175,000 | $142,000 | — | −$2,000 | −$201,000 | $131,000 | $108,000 | $10,000 | $108,000 | $121,000 |
| Net income | −$451,000 | −$154,000 | −$588,000 | −$431,000 | $15,000 | $122,000 | $176,000 | $35,000 | $173,000 | $188,000 | $358,000 | $172,000 |
| EBITDA | −$430,000 | −$168,000 | −$413,000 | −$261,000 | $44,000 | $150,000 | $6,000 | $197,000 | $315,000 | $233,000 | $500,000 | $332,000 |
| EPS (diluted) | −$0.05 | — | — | −$0.04 | $0.00 | $0.01 | $0.02 | $0.00 | $0.02 | $0.02 | $0.03 | $0.02 |
| Gross margin | 75.2% | 74.9% | 72.9% | 73.7% | 73.9% | 73.6% | 74.2% | 74.1% | 74.2% | 73.4% | 74.5% | 74.7% |
| Operating margin | −8.5% | −5.1% | −6.5% | −5.2% | −3.4% | −3.2% | −3.9% | −2.6% | −2.3% | −3.3% | −2.2% | −2.8% |
| Net margin | −5.9% | −1.7% | −6.0% | −4.5% | 0.2% | 1.1% | 1.6% | 0.3% | 1.7% | 1.7% | 3.3% | 1.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in NHTC's financial statements (latest annual report filed February 20, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
NHTC financial results
In fiscal year 2025 (ended December 31, 2025), Natural Health Trends reported revenue of $39.8 million, down 7.4% from the year before. It had a net loss of $0.9 million, a net profit margin of −2.2%. Diluted earnings per share came to −$0.08. Over five years revenue grew at an average rate of −8.5% a year.
See the NHTC stock overview for the latest quote and news, or the NHTC chart for price history and technical indicators.
NHTC income statement FAQ
What is Natural Health Trends's annual revenue?
Natural Health Trends reported total revenue of $39.8 million for fiscal year 2025, which ended on December 31, 2025. That was down 7.4% from $43.0 million the previous year.
Is Natural Health Trends profitable?
No. Natural Health Trends reported a net loss of $0.9 million in fiscal 2025, a net profit margin of −2.2%; its operating margin was −4.5%.
What is Natural Health Trends's gross margin?
Natural Health Trends's gross margin was 73.5% in fiscal 2025: for every $100 of revenue, Natural Health Trends kept $74 after the direct cost of its products and services.
How fast is Natural Health Trends growing?
Revenue grew −8.5% a year on average over the last five fiscal years, from $62.1 million to $39.8 million.
What are Natural Health Trends's earnings per share?
Natural Health Trends earned $-0.08 per diluted share in fiscal 2025, compared with $0.05 a year earlier.
When will Natural Health Trends report its next earnings?
Natural Health Trends is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 before the market opens.
When does Natural Health Trends's fiscal year end?
Natural Health Trends's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 20, 2026.