v3.26.1
Segment Information
 6 Months Ended
Jun. 30, 2026
Segment Information [Abstract]  
Segment Information
11.
Segment Information

The Company reports revenue from nine segments, consisting of its seven geographic Nu Skin segments—Americas, Southeast Asia/Pacific, Mainland China, Japan, Europe & Africa, South Korea, and Hong Kong/Taiwan—and two Rhyz segments—Manufacturing and Rhyz Other. The Nu Skin Other category includes miscellaneous corporate revenue and related adjustments. The Rhyz Other segment includes two operating segments that are aggregated into one reporting segment and includes other investments by our Rhyz business arm. The Chief Executive Officer is the chief operating decision maker (“CODM”). These segments reflect the way the CODM evaluates the Company’s business performance and allocates resources. Reported revenue includes only the revenue generated by sales to external customers.

Profitability by segment as determined under US GAAP is driven primarily by the Company’s transfer pricing policies. Segment contribution, which is the Company’s segment profitability metric presented in the table below, excludes certain intercompany charges, specifically royalties, license fees, transfer pricing, discrete charges and other miscellaneous items. These charges have been included in Corporate and other expenses. Corporate and other expenses also include costs related to the Company’s executive and administrative offices, information technology, research and development, and marketing and supply chain functions not recorded at the segment level.

The accounting policies of the segments are the same as those described in Note 2, “Summary of Significant Accounting Policies.” The Company evaluates the performance of its segments based on segment contribution. Each segment records direct expenses related to its employees and its operations.

Summarized financial information for the Company’s reportable segments is shown in the following tables. Asset information is not reviewed or included with the Company’s internal management reporting. Therefore, the Company has not disclosed asset information for each reportable segment.

   
Three Months Ended June 30, 2026
  
   
Nu Skin
    
Rhyz
        
         
Mainland
    
Southeast
          
Europe &
    
Hong Kong/
    
South
          
Rhyz
    
Total
  
   
Americas
    
China
    
Asia/Pacific
    
Japan
    
Africa
    
Taiwan
    
Korea
    
Manufacturing(1)
    
Other
    
Segments
  
Revenue
  
$
59,763
    
$
45,956
    
$
43,257
    
$
38,143
    
$
32,317
    
$
26,074
    
$
25,620
    
$
46,369
    
$
2,534
    
$
320,033
  
Cost of sales
    
15,037
      
8,283
      
10,518
      
7,832
      
7,784
      
4,255
      
5,441
      
40,873
      
478
      
100,501
  
Other segment items(2)
    
33,582
      
26,335
      
25,080
      
19,385
      
19,944
      
13,949
      
12,695
      
6,073
      
2,503
      
159,546
  
Segment contribution
  
$
11,144
    
$
11,338
    
$
7,659
    
$
10,926
    
$
4,589
    
$
7,870
    
$
7,484
    
$
(577
)
  
$
(447
)
  
$
59,986
  

   
Three Months Ended June 30, 2025
  
   
Nu Skin
    
Rhyz
        
         
Mainland
    
Southeast
         
Europe &
    
Hong Kong/
    
South
          
Rhyz
    
Total
  
   
Americas
    
China
    
Asia/Pacific
    
Japan
    
Africa
    
Taiwan
    
Korea
    
Manufacturing(1)
    
Other
    
Segments
  
Revenue
  
$
72,946
    
$
53,224
    
$
50,834
    
$
44,550
    
$
37,328
    
$
27,527
    
$
34,068
    
$
60,400
    
$
4,834
    
$
385,711
  
Cost of sales
    
18,401
      
9,800
      
12,025
      
9,035
      
9,531
      
4,662
      
7,058
      
46,963
      
1,085
      
118,560
  
Other segment items(2)
    
37,729
      
28,967
      
26,587
      
23,562
      
21,877
      
14,536
      
16,934
      
9,737
      
3,886
      
183,815
  
Segment contribution
  
$
16,816
    
$
14,457
    
$
12,222
    
$
11,953
    
$
5,920
    
$
8,329
    
$
10,076
    
$
3,700
    
$
(137
)
  
$
83,336
  
   
Six Months Ended June 30, 2026
  
   
Nu Skin
    
Rhyz
        
         
Mainland
    
Southeast
         
Europe &
    
Hong Kong/
    
South
          
Rhyz
    
Total
  
   
Americas
    
China
    
Asia/Pacific
    
Japan
    
Africa
    
Taiwan
    
Korea
    
Manufacturing(1)
    
Other
    
Segments
  
Revenue
  
$
117,581
    
$
91,104
    
$
88,730
    
$
77,882
    
$
63,535
    
$
53,531
    
$
50,948
    
$
91,293
    
$
6,268
    
$
640,872
  
Cost of sales
    
29,263
      
16,288
      
21,702
      
16,415
      
15,791
      
8,574
      
10,927
      
79,762
      
4,832
      
203,554
  
Other segment items(2)
    
66,173
      
53,655
      
50,066
      
39,178
      
39,404
      
28,439
      
25,255
      
12,190
      
9,591
      
323,951
  
Segment contribution
  
$
22,145
    
$
21,161
    
$
16,962
    
$
22,289
    
$
8,340
    
$
16,518
    
$
14,766
    
$
(659
)
  
$
(8,155
)
  
$
113,367
  

   
Six Months Ended June 30, 2025
  
   
Nu Skin
    
Rhyz
        
 
        
Mainland
    
Southeast
         
Europe &
    
Hong Kong/
    
South
          
Rhyz
    
Total
  
 
  
Americas
    
China
    
Asia/Pacific
    
Japan
    
Africa
    
Taiwan
    
Korea
    
Manufacturing(1)
    
Other
    
Segments
  
Revenue
  
$
142,004
    
$
100,999
    
$
103,006
    
$
87,315
    
$
70,349
    
$
55,974
    
$
66,583
    
$
115,690
    
$
7,752
    
$
749,672
  
Cost of sales
    
36,167
      
18,788
      
25,024
      
17,789
      
17,905
      
9,714
      
13,499
      
91,938
      
2,374
      
233,198
  
Other segment items(2)
    
73,274
      
57,202
      
53,610
      
45,719
      
41,862
      
28,241
      
32,256
      
18,273
      
7,895
      
358,332
  
Segment contribution
  
$
32,563
    
$
25,009
    
$
24,372
    
$
23,807
    
$
10,582
    
$
18,019
    
$
20,828
    
$
5,479
    
$
(2,517
)
  
$
158,142
  

(1)
The Manufacturing segment had $8.8 million and $8.6 million of intersegment revenue for the three months ended June 30, 2026 and 2025, respectively, and $16.1 million and $17.5 million for the six months ended June 30, 2026 and 2025, respectively. Intersegment revenue is eliminated in the consolidated financial statements, as well as the reported segment revenue in the table above.

(2)
Other segment items primarily include selling expenses and general and administrative expenses.



Three Months Ended
June 30,

Six Months Ended
June 30,
   
2026
    
2025
    
2026
    
2025
  
Total segment revenue
  
$
320,033
    
$
385,711
    
$
640,872
    
$
749,672
  
Core Nu Skin Adjustments
    
79
      
427
      
(152
)
    
956
  
Total revenue
  
$
320,112
    
$
386,138
    
$
640,720
    
$
750,628
  



Three Months Ended
June 30,

Six Months Ended
June 30,
   
2026
    
2025
    
2026
    
2025
  
Total segment contribution
  
$
59,986
    
$
83,336
    
$
113,367
    
$
158,142
  
Corporate and Other
    
(119,305
)
    
(52,556
)
    
(168,660
)
    
(137,265
)
Operating income (loss)
    
(59,319
)
    
30,780
      
(55,293
)
    
20,877
  
Interest expense
    
3,322
      
2,526
      
7,572
      
5,809
  
Gain on sale of business
    
-
      
-
      
-
      
176,162
  
Other income (expense), net
    
(534
)
    
(843
)
    
2,289
      
(29,218
)
Income before provision for income taxes
  
$
(63,175
)
  
$
27,411
    
$
(60,576
)
  
$
162,012
  
Depreciation and Amortization

    
Three Months Ended
June 30,
    
Six Months Ended
June 30,
  
(U.S. dollars in thousands)
  
2026
    
2025
    
2026
    
2025
  
Nu Skin
                        
Americas
  
$
31
    
$
43
    
$
72
    
$
93
  
Mainland China
    
1,781
      
2,032
      
3,566
      
4,100
  
Southeast Asia/Pacific
    
155
      
193
      
324
      
383
  
Japan
    
54
      
58
      
109
      
115
  
Europe & Africa
    
204
      
277
      
375
      
541
  
Hong Kong/Taiwan
    
224
      
353
      
474
      
730
  
South Korea
    
92
      
152
      
179
      
326
  
Total Nu Skin
    
2,541
      
3,108
      
5,099
      
6,288
  
Rhyz
                                
Manufacturing
    
3,255
      
3,294
      
6,505
      
6,628
  
Rhyz Other
    
241
      
370
      
581
      
1,282
  
Total Rhyz
    
3,496
      
3,664
      
7,086
      
7,910
  
Corporate and Other
    
6,621
      
6,280
      
12,815
      
13,060
  
Total
  
$
12,658
    
$
13,052
    
$
25,000
    
$
27,258
  

Capital Expenditures
Three Months Ended
June 30,

Six Months Ended
June 30,
(U.S. dollars in thousands)
  
2026
    
2025
    
2026
    
2025
  
Nu Skin
                        
Americas
  
$
-
    
$
6
    
$
7
    
$
19
  
Mainland China
    
277
      
470
      
542
      
948
  
Southeast Asia/Pacific
    
-
      
79
      
10
      
79
  
Japan
    
18
      
-
      
21
      
-
  
Europe & Africa
    
36
      
5
      
80
      
11
  
Hong Kong/Taiwan
    
15
      
52
      
38
      
120
  
South Korea
    
126
      
18
      
133
      
18
  
Total Nu Skin
    
472
      
630
      
831
      
1,195
  
Rhyz
                                
Manufacturing
    
(252
)
    
988
      
4,440
      
1,662
  
Rhyz Other
    
2
      
-
      
2
      
16
  
Total Rhyz
    
(250
)
    
988
      
4,442
      
1,678
  
Corporate and other
    
5,416
      
3,399
      
14,079
      
10,729
  
Total
  
$
5,638
    
$
5,017
    
$
19,352
    
$
13,602