NOTE 12: EARNINGS PER SHARE

The Company calculates basic Earnings per Share ("EPS") by dividing net income by the weighted-average number of common shares outstanding for the period. Diluted EPS also reflects the potential dilution that could occur if common stock were issued for awards outstanding under the Mannatech, Incorporated 2017 Stock Incentive Plan (described above).

In determining the potential dilutive effect of outstanding stock options for the three and six months ended June 30, 2026, the Company used the quarterly and six-month average common stock close price of  $5.18 and $6.18 per share, respectively.

For each of the three and six months ended June 30, 2026, there were 1.93 million weighted-average common shares outstanding used for the basic EPS calculation. In addition, 183,473 shares underlying stock options were excluded from the diluted EPS calculation, as their effect would have been antidilutive.

In determining the potential dilutive effect of outstanding stock options for the three and six months ended June 30, 2025, the Company used the quarterly and six-month average common stock close price of $9.88 and $10.68 per share, respectively.

For the three and six months ended June 30, 2025, the Company's common stock subject to options were excluded from the diluted EPS calculations as their effect would have been antidilutive. The Company reported a net loss for the three and six months ended June 30, 2025.

Calculation of net EPS— basic and diluted (in thousands, except EPS):