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Natural Health Trends Corp

naturalhealthtrendscorp.com

What Do They Do?

Sells personal care, wellness and lifestyle products under the NHT Global brand to members and consumers through direct selling and e-commerce.

How Do They Make Money?

Members buy products directly from the company, generally ordering online and paying by credit card before shipment.

revenue
SegmentShareRevenue
Primary Reporting Segment
Sold outright

97%
FY2022: 100%
China Segment
Sold outright
2.4%
Russia and Kazakhstan Segment
Sold outright
1.1%

Who Are Their Customers?

Members buy directly from subsidiaries online for their own use or resale to consumers; in China, some consumers buy through an e-commerce retail platform.

Do Revenues Turn Into Profits?

No. It lost $882K in FY2025.

Operating income, FY2025
−5% of revenue
▲ +39% (Loss) vs FY2024 (−$1.3M, −3%)
Net income, FY2025
−2% of revenue
▼ Now a loss vs FY2024 ($572K, 1%)
Free cash flow, FY2025
−15% of revenue
▲ +77% (Loss) vs FY2024 (−$3.4M, −8%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q3 FY2026, the three months to Sep 30, 2026
Revenue
▼ −20%
vs $9.5M in Q3 FY2025
Net income
▼ −46% (Loss)
vs −$431K in Q3 FY2025
Primary Reporting Segment share of revenue vs 96.4% in Q3 FY2025

Shrinking. Revenue fell 34% in 4 years, from $60M in FY2021 to $39.8M in FY2025, about 10% a year.

Product range The latest report includes an at-home testing kit; the older report listed home appliances and daily-care products among its product categories.

Revenue over time
Primary Reporting Segment China Segment Russia and Kazakhstan Segment
$100M$50M$0

Who Do They Compete With?

Competes with Nu Skin Enterprises, USANA Health Sciences, and Herbalife Nutrition

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