NATURAL HEALTH TRENDS CORPNHTCEarnings & Financial Report
Sword Health is a digital health company that develops physical therapy programs for musculoskeletal (MSK) conditions, pelvic health, and injury prevention. The company was founded in 2015 in Portugal by Virgílio Bento and Márcio Colunas. Its services include digital physical therapy with artificial intelligence (AI) integrated into the care model. As of 2024, Sword Health operates internationally, with offices in the United States, Ireland, and Portugal. The company has been valued at $3 bil...
Revenue
$10.8M
Gross Profit
$8.0M
Operating Profit
$-421.0K
Net Profit
$176.0K
Gross Margin
74.2%
Operating Margin
-3.9%
Net Margin
1.6%
YoY Growth
-0.8%
EPS
$0.01
NATURAL HEALTH TRENDS CORP Q4 FY2024 Financial Summary
NATURAL HEALTH TRENDS CORP reported revenue of $10.8M (down 0.8% YoY) for Q4 FY2024, with a net profit of $176.0K (down 50.8% YoY) (1.6% margin). Cost of goods sold was $2.8M, operating expenses totaled $8.5M.
Key Financial Metrics
| Total Revenue | $10.8M |
|---|---|
| Net Profit | $176.0K |
| Gross Margin | 74.2% |
| Operating Margin | -3.9% |
| Report Period | Q4 FY2024 |
Revenue Breakdown
NATURAL HEALTH TRENDS CORP Q4 FY2024 revenue of $10.8M breaks down across 2 segments, led by Primary Reporting Segment at $10.5M (96.4% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Primary Reporting Segment | $10.5M | 96.4% |
| Other | $393.0K | 3.6% |
NATURAL HEALTH TRENDS CORP Revenue by Segment — Quarterly Trend
NATURAL HEALTH TRENDS CORP revenue by segment across the last 4 reported quarters, showing how each business line (such as Primary Reporting Segment and Other) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Primary Reporting Segment | — | $9.1M | — | — |
| Other | — | $342.0K | $217.0K | — |
NATURAL HEALTH TRENDS CORP Annual Revenue by Year
NATURAL HEALTH TRENDS CORP annual revenue history includes year-by-year totals (for example, 2025 revenue was $39.8M).
| Year | Annual Revenue |
|---|---|
| 2025 | $39.8M |
| 2024 | $43.0M |
| 2023 | $43.9M |
| 2022 | $49.1M |
NATURAL HEALTH TRENDS CORP Quarterly Revenue & Net Profit History
NATURAL HEALTH TRENDS CORP results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $9.7M | -10.1% | $-588.0K | -6.0% |
| Q3 FY2025 | $9.5M | -11.4% | $-431.0K | -4.5% |
| Q2 FY2025 | $9.8M | -6.3% | $15.0K | 0.2% |
| Q1 FY2025 | $10.7M | -2.0% | $122.0K | 1.1% |
| Q4 FY2024 | $10.8M | -0.8% | $176.0K | 1.6% |
| Q3 FY2024 | $10.7M | +0.7% | $35.0K | 0.3% |
| Q2 FY2024 | $10.5M | -0.3% | $173.0K | 1.7% |
| Q1 FY2024 | $11.0M | -7.7% | $188.0K | 1.7% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $11.0M | $10.5M | $10.7M | $10.8M | $10.7M | $9.8M | $9.5M | $9.7M |
| YoY Growth | -7.7% | -0.3% | 0.7% | -0.8% | -2.0% | -6.3% | -11.4% | -10.1% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $67.6M | $61.5M | $58.3M | $55.4M | $53.2M | $45.2M | $42.3M | $38.4M |
| Liabilities | $28.3M | $24.2M | $23.0M | $22.5M | $22.3M | $16.3M | $16.1M | $15.0M |
| Equity | $39.4M | $37.3M | $35.3M | $32.9M | $30.9M | $28.9M | $26.1M | $23.4M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $549000 | $-3.6M | $-436000 | $88000 | $484000 | $-5.6M | $113000 | $-959000 |