← BackNATURAL ALTERNATIVES INTERNATIONAL INC · Medicinal Chemicals & Botanical ProductsNAII
High riskNext report: Due any day
The short versionA company still losing money with steady sales.
Going well
- Sales up 14% last year
- Buying back shares: share count down 3.4% in 3 years
- Little debt
Money moves
- No insider buying or selling in the last 30 days
- Institutions added 5.9% to their holdings in the quarter ending June 2026 (7 bought, 8 sold)
Facts from SEC filings, not a recommendation.
The business over time
Last 12 quarters, from SEC filings
Sales, Jun '26 (worked out from yearly totals)$34.5M+1.9% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $142.5M, up 9.7% from the 12 months before. Over 5 years, sales grew about 1.8% a year.
Business quality
The checklist Warren Buffett-style investors use. Annual numbers for 2025.- MissReturn on equity 15%+Earns a lot on the money owners have in the business.-18.6%
- PassDebt under half of equityNot relying on borrowed money.0.13x equity
- MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-10.5%
- MissProfitable every yearSteady profits, not one good year.7 of 10 years
- PassFree cash flow positiveBrings in more cash than it spends to run and grow.$2.3M
- PassShare count not growingNot diluting owners. Falling means buybacks.-3.4% in 3 years
- MissGross margin 40%+Pricing power: sells for well above what it costs to make.7.2%
- Revenue
- $129.9M
- +14.1% vs prior year
- 5-year growth
- +1.8%/yr
- revenue, per year
- Total debt
- $8.5M
- 0.13x equity
- Current ratio
- 1.87x
- short-term assets / bills due
From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026- Revenue
- $34.5M
- +1.9% YoY
- EPS
- -$2.24
- vs -$1.21
- Op. margin
- -38.2%
- -32.5 pts
- Gross margin
- 5.0%
- -5.4 pts
- Free cash flow
- -$1.7M
Some values are worked out from year-to-date totals in the annual report.
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trendNo trades to chart yet.
Filing buzz
Last 7 days vs normal
67/ 100
- This week
- 1
- Normal week
- 0.5
- vs normal
- 2.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady+5.9%Institutions added 5.9% to their holdings. 7 bought, 8 sold.
Shares held by institutions2.3M
Sep '24Jun '26
Share count growthYearly rate, last 3 years
+53.1%Cash runwayAt last year's cash burn
10 monthsDebt to equityLatest balance sheet: debt compared with what owners have
0.2x · $10.2M debtShares outstandingLatest reported
22MWhy high risk- Losing money
- About 10 months of cash left at its current burn
- Share count growing 53.1% a year (dilution)
- Late quarterly report notice
Next reportDue any dayEstimated from the same quarter last year
- Results filedSep 22, 2008
- Results filedAug 8, 2008
- Results filedOct 15, 2007
- Results filedSep 28, 2007
- Results filedApr 30, 2007
Insider trades
Open-market buys and sells, last 90 days
No open-market buys or sells in 90 days. Grants and option exercises are left out.
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.
Latest filings
Straight from SEC EDGAR
Stock awardGuru RamanathanDirector
8,000 shares
- +27% of holdings
- Now owns 38,000 shares
- Filed 4 days after trade
Stock awardLaura Kay MatherlyDirector
8,000 shares
- +24% of holdings
- Now owns 42,000 shares
- Filed 4 days after trade
Stock awardAlan G DunnDirector
8,000 shares
- +9% of holdings
- Now owns 99,211 shares
- Filed 4 days after trade
Stock awardMark A LedouxCEO/Chairman, Director, 10% owner
20,000 shares
- +13% of holdings
- Now owns 176,737 shares
- Filed 4 days after trade
- Also: Shares withheld for taxes
Stock awardMichael E FortinChief Financial Officer
12,000 shares
- +26% of holdings
- Now owns 58,554 shares
- Filed 4 days after trade
- Also: Shares withheld for taxes
Stock awardKenneth WolfPresident, COO, & Sec.
15,000 shares
- +12% of holdings
- Now owns 141,831 shares
- Filed 4 days after trade
- Also: Shares withheld for taxes