Nature's Sunshine Products, Inc. also known as "NSP", is a manufacturer of dietary supplements, including herbs, vitamins, minerals, and personal care products. It is based in Lehi, Utah, with a manufacturing facility in Spanish Fork, Utah.3 It employed 901 people in 2015.1 Its revenue was $325 million in 2015.1 Its shares trade on Nasdaq under the symbol NATR.1Wikipedia text CC BY-SA 4.0
Nature's Sunshine Products, Inc. also known as "NSP", is a manufacturer of dietary supplements, including herbs, vitamins, minerals, and personal care products. It is based in Lehi, Utah, with a manufacturing facility in Spanish Fork, Utah.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Revenue9101112138$480.1M in 2025+33% since 2019Gross profit9101112138$347.7M in 2025+30% since 2019Operating income9101112138$24.7M in 2025+53% since 2019Net income9101112138$19.5M in 2025+182% since 2019
Revenue1415$117.0M in Q2 FY2026−5% since Q1 FY2026Gross profit1415$86.2M in Q2 FY2026−4% since Q1 FY2026Operating income1415$5.5M in Q2 FY2026−43% since Q1 FY2026Net income1415$3.5M in Q2 FY2026−31% since Q1 FY2026
Total assets9101112138$261.1M in 2025+23% since 2019Total liabilities9101112138$99.6M in 2025+19% since 2019Shareholders’ equity101112138$161.6M in 2025+25% since 2019Cash9101112138$93.9M in 2025+75% since 2019Long-term debt91011$0 in 2022
Total assets1415$259.8M in Q2 FY2026−1% since Q1 FY2025Total liabilities1415$90.5M in Q2 FY2026−9% since Q1 FY2025Shareholders’ equity1415$169.3M in Q2 FY2026+5% since Q1 FY2025Cash1415$82.5M in Q2 FY2026−12% since Q1 FY2025
Cash from operations9101112138$35.3M in 2025+313% since 2019Capital spending9101112138$6.5M in 2025+27% since 2019Free cash flow9101112138$28.8M in 2025+738% since 2019Dividends paid1011$0 in 2022Share buybacks101112138$16.3M in 2025
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Nature's Sunshine Products sits at the top of its group. 45 entities, 29 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Nutribiome Professional, Inc. Subsidiary · Utah, United States
PT Nature’s Sunshine Products Indonesia Subsidiary · Indonesia
PT Synergy Worldwide Subsidiary · Indonesia
Qemp Inc Subsidiary · Utah, United States
and 19 more
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Nature's Sunshine Products reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Our corporate and Synergy offices are located in a facility in Lehi, Utah, that consists of approximately 61,000 square feet. This facility is leased from an unaffiliated third-party through a lease agreement which expires in 2029.
We own our principal warehousing and manufacturing facilities housed in a building consisting of approximately 270,000 square feet and located on approximately 10 acres in Spanish Fork, Utah.
The rest of Item 2
We lease properties used primarily as distribution warehouses located in Georgia, Ohio, Texas and Utah, as well as offices and/or distribution warehouses in many of the countries in which we conduct business. For additional disclosure of leased properties, see Note 14, “Leases,” to our Consolidated Financial Statements, in Item 8, Part 2 of this report.
We believe that our current facilities are adequate for our business operations.
Nature's Sunshine was founded in 1972 by Gene and Kristine Hughes, who started encapsulating capsicum in their home kitchen. The company employs a multi-level marketing business model in which their products are primarily sold to the consumer by independent distributors who receive commissions based on their own sales, as well as sign-up bonuses and commissions based upon the sales of any distributors they may have recruited.
NSP also owns Synergy Worldwide, a multi-level marketing company that also sells nutritional supplements. Products for both companies are manufactured in a production and research facility located in Spanish Fork, Utah.
In June 2021, Nature’s Sunshine Products, Inc. and the David Eccles School of Business at the University of Utah partnered together to create a new scholarship. Nature’s Sunshine Products, Inc. partnered with the Opportunity Scholars program to provide full-ride scholarships to underrepresented students who are the first in their family to attend college.
Like similar multilevel marketing companies, Nature's Sunshine's business has been adversely affected by the lingering effects of the COVID-19 pandemic, global inflation and the Russian invasion of Ukraine. In the 4th quarter of 2022, net sales fell 13% to $103 million, as compared to the 4th quarter of 2021. According to CEO Terrence Moorehead, the company is making "strategic changes" and "redesigning processes and revamping sourcing relationships."
In 2006, KPMG, which had provided auditing services to the company, resigned from the account. They charged that then-CEO Douglas Faggioli had lied to auditors about "alleged fraud," and had approved bribery. In July 2009, the company agreed to pay $600,000 in fines after being charged by the SEC with having bribed Brazilian officials with more than $1,000,000 in 2000 and 2001. This was done "so it could import unregistered nutritional products into the country, and then falsified its books to hide the payments."
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
392 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 38 major events, 282 insider forms, 13 large holders, 39 other. The latest 20:
60 open-market trades by officers, directors and large owners since October 2021: 15 buys and 45 sales. Grants, option exercises and gifts are left out.
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
Where the company's money came from, by calendar year: private offerings filed with the SEC,
federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA.
Each bar links to the records below.
Paycheck Protection Program loans of $150,000 and up, approved April 2020 to July 2021, from the SBA101. Matched to this company by name and state.
Apr 14, 2020$5.4M PPP loan (first draw) from Bank of America, National Association101To NATURE'S SUNSHINE PRODUCTS INC, Lehi UT; no forgiveness recorded
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Nature's Sunshine Products is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
From the cover page of the 10-K filed Mar 10, 2026 (Section 12(b) of the Exchange Act).16
Risk factors and legal proceedings
The risks Nature's Sunshine Products names in Item 1A of its 10-K filed Mar 10, 2026: 24 risks under these headings, as written.16
Regulatory and Litigation Risks
Our global operations are subject to numerous laws and regulations relating to trade restrictions and export controls and failure to comply with such rules could adversely affect our business.
Laws and regulations regarding direct selling may prohibit or restrict our ability to sell our products in some markets or require us to make changes to our business model in some markets.
Our products, business practices and manufacturing activities are subject to extensive government regulations and could be subject to additional laws and regulations.
Difficulties in registering our products for sale in foreign countries could have a material adverse effect on our results of operations and financial condition.
Our direct selling system could be challenged in one or more countries in which we do business.
If our independent consultants fail to comply with advertising laws, it could adversely affect our results of operations and financial condition.
Product liability claims could adversely affect our business.
We are subject to anti-bribery laws, including the Foreign Corrupt Practices Act.
Risks Related to Our Business
We may be unable to attract and retain independent consultants.
The loss of key independent consultants who have a significant sales networks could have a material adverse effect on our results of operations and financial condition.
The other 14 risks
Our business in China is subject to risks associated with integration, compliance, purchase price obligations, and general China-related laws and regulations.
Currency exchange rate fluctuations could adversely affect our results of operation and financial condition.
We could incur obligations resulting from the activities of our independent consultants.
We may be adversely affected by changes to our independent consultant compensation plans.
Geopolitical issues, conflicts and other global events could adversely affect our results of operations and financial condition.
Difficult economic conditions could adversely affect our results of operations and financial condition.
Our manufacturing activity is subject to certain risks.
Supply chain disruptions, manufacturing interruptions or delays or the failure to accurately forecast customer demand could adversely affect our ability to meet customer demand, lead to higher costs, or result in excess or obsolete inventory.
If we fail to timely and effectively obtain shipments of products from our suppliers and deliver products to our independent consultants and customers, our business and results of operations could be harmed.
Taxation and transfer pricing could adversely affect our results of operations and financial condition.
If we fail to maintain an effective system of internal controls, we may not be able to report our financial results accurately, may make a material misstatement in our financial statements, or may experience a financial loss. Any inability to report and file our financial results accurately and timely could harm our business and adversely affect the value of our business.
Risks Related to Our Use of Technology and Intellectual Property
Cybersecurity risks and the failure to maintain the integrity of data could expose us to data loss, litigation and liability, which could adversely affect our results of operations and financial condition.
The storage, processing and use of data, some of which contain personal information, are subject to complex and evolving privacy and data protection laws and regulations that could adversely affect our results of operation and financial condition.
System failures could adversely affect our results of operations and financial condition.
Legal proceedings
Our legal proceedings are discussed in Note 11, “Commitments and Contingencies,” to our Consolidated Financial Statements, in Item 8, Part 2 of this report.
