然健环球 2026年季度报告

UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWASHINGTON, D.C. 20549 FORM 10-Q (Mark One)☑QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2026 or For the transition period from ______ to _______ Commission File Number: 001-36849 NATURAL HEALTH TRENDS CORP.(Exact name of registrant as specified in its charter) Delaware59-2705336(State or other jurisdiction of(I.R.S.Employerincorporation or organization)Identification No.) 609 Deep Valley DriveSuite 395Rolling Hills Estates, California 90274(Address of principal executive offices, including zip code) Registrant’s telephone number, including area code: (310) 541-0888 Securities registered pursuant to Section 12(b) of the Exchange Act:Title of each classTrading Symbol(s) Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file suchreports), and (2) has been subject to such filing requirements for the past 90 days. Yes☑No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for shorter period that the registrant was required tosubmit such files).Yes☑No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Accelerated filer☐Smallerreporting company☑Emerging growth company☐ Large accelerated filerNon-accelerated filer ☐☑ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐No☑ At July24, 2026, the number of shares outstanding of the registrant’s common stock was 8,577,848shares. NATURAL HEALTH TRENDS CORP.Quarterly Report on Form 10-QJune 30, 2026 INDEX PART I - FINANCIAL INFORMATIONItem 1.Financial StatementsItem 2.Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 3.Quantitative and Qualitative Disclosures About Market RiskItem 4.Controls and Procedures PART II - OTHER INFORMATIONItem 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities andUse of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.Exhibits Signatures26 FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q, in particular “Item 2. Management’s Discussion and Analysis of Financial Conditionand Results of Operations,” includes “forward-looking statements” within the meaning of Section 21E of the Securities ExchangeAct of 1934, as amended (the “Exchange Act”). When used in this report, the words or phrases “will likely result,” “expect,”“intend,” “will continue,” “anticipate,” “estimate,” “project,” “believe” and similar expressions are intended to identify “forward-looking statements” within the meaning of the Exchange Act. These statements represent our expectations or beliefs concerning,among other things, future revenue, earnings, growth strategies, new products and initiatives, dividend policies, future operationsand operating results, expense savings initiatives, and future business and market opportunities. Forward-looking statements in this report speak only as of the date hereof. We undertake no obligation to publicly update orrevise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required bylaw. We caution and advise readers that these statements are based on certain assumptions that may not be realized and involverisks and uncertainties that could cause actual results to differ materially from the expectations and beliefs contained herein. For a summary of certain risks related to our business, see “Part I, Item 1A. Risk Factors” in our most recent Annual Reporton Form 10-K, and “Part II, Item 1A. Risk Factors” in this Quarterly Report on Form 10-Q, which includethe following: •Because our Hong Kong operations account for a substantial portion of our overall business, and substantially all of ourHong Kong business is derived from the sale of products to members in China, any material adverse change in ourbusiness relating to either Hong Kong or China would likely have a material adverse impact on our overall business;•Hong Kong’s political and economic landscap