10x Insights
Loading account…
Companies / Materials / NATURAL ALTERNATIVES INTERNATIONAL INC
NAII

NATURAL ALTERNATIVES INTERNATIONAL INC

MaterialsChemicals
Ticker NAIICARLSBAD, CAFiscal year ends JuneBook value per share $10.50Diluted shares 6.0M

Natural Alternatives International, Inc. (Nasdaq: NAIX) is a leading formulator, manufacturer, and marketer of nutritional supplements headquartered in Carlsbad, California. The company's vision is to enrich the world through the best of nutrition, and it operates through two primary business segments: private-label… From the company’s description.

Fiscal year 2025 · ends 06-30Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-03-31
Sales & profitability
$129.86M
+14.1% year over year
Last 12 mo $141.87M
-6.67%
+0.8 percentage points
Last 12 mo -5.30%
$-13.57M
−88.1% year over year
Last 12 mo $-14.37M
-19.84%
−11.1 percentage points
Last 12 mo -22.77%
Cash & financing
$5.93M
+496.3% year over year
Last 12 mo $-4.50M
$2.32M
+151.4% year over year
Last 12 mo $-9.02M
0.16
Was 0.15× a year earlier
Last 12 mo 0.30
5.9M
+1.3% year over year
Last 12 mo 6.0M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What NATURAL ALTERNATIVES INTERNATIONAL INC does

In the company’s own words

Natural Alternatives International, Inc. (Nasdaq: NAIX) is a leading formulator, manufacturer, and marketer of nutritional supplements headquartered in Carlsbad, California. The company's vision is to enrich the world through the best of nutrition, and it operates through two primary business segments: private-label contract manufacturing and patent and trademark licensing.

The private-label contract manufacturing segment represents 94 percent of revenue and provides comprehensive strategic partnerships to companies that market and distribute vitamins, minerals, herbal supplements, and other health care products to consumers globally. NAI manufactures products in multiple forms including capsules, tablets, chewable wafers, and powders, offering customers customized formulation, clinical study design and support, manufacturing, marketing support, international regulatory compliance, product registration assistance, and packaging services. The company serves customers operating in direct sales marketing channels, direct-to-consumer e-commerce, and retail distribution.

The patent and trademark licensing segment contributes six percent of revenue and centers on the commercialization of NAI's patent estate related to beta-alanine, a raw material ingredient marketed under the CarnoSyn®, SR CarnoSyn®, and TriBsyn™ trademarks. The company directly sells these raw materials and licenses patent and trademark rights to third parties for use in their products.

NAI operates state-of-the-art manufacturing facilities in Vista and Carlsbad, California, and maintains a wholly owned Swiss subsidiary, Natural Alternatives International Europe S.A., operating a manufacturing and distribution facility in Manno, Switzerland. The company holds multiple certifications including GMP certifications from the Therapeutic Goods Administration of Australia, NSF International, Health Canada, and Swissmedic, as well as organic processor certification and various Kosher and Halal certifications. As of June 30, 2025, NAI employed 215 full-time employees in the United States and 78 full-time employees in Switzerland.

Founded in 1980 and reorganized as a Delaware corporation in 1989, NAI has built a sustainable competitive advantage through its certified manufacturing operations, science-based product formulations, peer-reviewed clinical studies, and regulatory expertise. The company's website is www.nai-supplements.com.

Company details
Sector
Materials
Industry
Chemicals
Headquarters
CARLSBAD, CA
Fiscal year end
June
CIK
787253
SIC
2833

Financial performance, year by year

Fiscal 2013–2025 · USD
$-33.66M$24.21M$82.07M$139.94M$197.81M2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns NATURAL ALTERNATIVES INTERNATIONAL INC — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

20
funds hold it
0 of 35
superinvestors hold it
$1.56M
held by funds, at market
9.8%
of shares held by funds

Largest fund holders · NATURAL ALTERNATIVES INTERNATIONAL INC’s weight in each

U.S. SMALL CAP VALUE PORTFOLIO
DFSVX · DFA INVESTMENT DIMENSIONS GROUP INC
0.00%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
U.S. MICRO CAP PORTFOLIO
DFSCX · DFA INVESTMENT DIMENSIONS GROUP INC
0.00%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
0.00%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do NATURAL ALTERNATIVES INTERNATIONAL INC and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of NATURAL ALTERNATIVES INTERNATIONAL INC's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in NATURAL ALTERNATIVES INTERNATIONAL INC's last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.