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Natural Alternatives International Inc

nai-online.com

How Do They Make Money?

FY2026 revenue by reportable segment revenue
SegmentShareRevenue
Private Label Contract Manufacturing
94%
FY2023: 94%
Patent and Trademark Licensing
5.5%
FY2023: 5.7%

Do Revenues Turn Into Profits?

No. It lost $20.7M in FY2026.

Operating income, FY2026
−13% of revenue
▲ +117% (Loss) vs FY2025 (−$8.7M, −7%)
Net income, FY2026
−15% of revenue
▲ +52% (Loss) vs FY2025 (−$13.6M, −10%)
Free cash flow, FY2026
−9% of revenue
▼ Now a loss vs FY2025 ($2.3M, 2%)

How Are They Changing?

Shrinking. Revenue fell 17% in 4 years, from $171M in FY2022 to $142.5M in FY2026, about 4% a year.

Revenue over time
Private Label Contract Manufacturing Patent and Trademark Licensing
$200M$100M$0

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