NASDAQ · NAII

Natural Alternatives International Inc

Closing price · Nov 13, 2026 $0.9666
Last insider buy price $2.80 Paid by CEO/Chairman, Director, 10% owner Mark Ledoux on Mar 6, 2026 (Form 4). Not today's price.

Latest quarter · ended Sep 30, 2026

Sales slipped, but cash improved

descriptionFiled Nov 13, 2026
Revenue growthShrinking
−25.5%
Quarter ended Dec 31, 2024: +35.2% sales vs. a year beforeQuarter ended Mar 31, 2025: +14.4% sales vs. a year beforeQuarter ended Jun 30, 2025: +14.8% sales vs. a year beforeQuarter ended Sep 30, 2025: +13.8% sales vs. a year beforeQuarter ended Dec 31, 2025: +2.1% sales vs. a year beforeQuarter ended Mar 31, 2026: +23.3% sales vs. a year beforeQuarter ended Jun 30, 2026: +1.9% sales vs. a year beforeQuarter ended Sep 30, 2026: −25.5% sales vs. a year before
Dec '24Sep '26
$28.1M vs. $37.7M a year ago
Gross marginWorse
4.5%
Quarter ended Dec 31, 2024: 4.9% gross marginQuarter ended Mar 31, 2025: 6.3% gross marginQuarter ended Jun 30, 2025: 10.4% gross marginQuarter ended Sep 30, 2025: 11.7% gross marginQuarter ended Dec 31, 2025: 7.2% gross marginQuarter ended Mar 31, 2026: 1.1% gross marginQuarter ended Jun 30, 2026: 5.0% gross marginQuarter ended Sep 30, 2026: 4.5% gross margin
Dec '24Sep '26
vs. 11.7% a year ago
Cash from operationsBetter
$1.2M
Quarter ended Dec 31, 2024: $37K cash from operationsQuarter ended Mar 31, 2025: $5.99M cash from operationsQuarter ended Jun 30, 2025: $3.35M cash from operationsQuarter ended Sep 30, 2025: −$4.02M cash from operationsQuarter ended Dec 31, 2025: −$6.33M cash from operationsQuarter ended Mar 31, 2026: $2.5M cash from operationsQuarter ended Jun 30, 2026: −$1.07M cash from operationsQuarter ended Sep 30, 2026: $1.2M cash from operations
Dec '24Sep '26
vs. −$4.02M a year ago
Share countSteady
+1.3%
Quarter ended Dec 31, 2024: 6.2M sharesQuarter ended Mar 31, 2025: 6.18M sharesQuarter ended Jun 30, 2025: 6.18M sharesQuarter ended Sep 30, 2025: 6.18M sharesQuarter ended Dec 31, 2025: 6.18M sharesQuarter ended Mar 31, 2026: 6.28M sharesQuarter ended Jun 30, 2026: 22.11M sharesQuarter ended Sep 30, 2026: 6.26M shares
Dec '24Sep '26
6.26M shares vs. 6.18M a year ago

Numbers come from the company's own 10-Q and 10-K reports filed with the SEC. Each bar is one quarter, oldest on the left. The colored bar is the latest. Hover over or tap a bar to see its number.

Smart money pulse

What insiders and funds are doing

Mixed Insiders: as of Nov 13 Funds: as of Jun 30, 2026
−1000+100 0
  • info
    No real insider sales in 12 months. Planned 10b5-1 sales and tax withholding are left out.

−100 means everyone selling, +100 everyone buying. This is data, not advice.

How the Pulse works

Pulse runs from −100 (everyone selling) to +100 (everyone buying). Half comes from insiders: real buyers vs. real sellers in the last 90 days (Form 4). Half comes from funds: funds that bought vs. funds that sold last quarter (13F). 13F is a snapshot of long positions on the last day of the quarter, filed up to 45 days later. It does not show short positions or trades since then.

Who owns it

24 funds report owning NAII, up from 22

Holdings as of Jun 30, 2026
New3
Added5
Held11
Trimmed5
Sold out1

Insider trades · last 12 months

Real buys and sales

● Open-market buy● Open-market sale
CEOCFOOther officersDirectorsDecJanFebMarAprMayJunJulAugSepOctNovGift · Dec 23 · 10,000 shStock grant · Mar 6 · 24,000 sh · 3 peopleStock grant · Mar 6 · 12,000 shShares withheld for tax · Mar 6 · $11.8KShares withheld for tax · Mar 6 · $9.51KStock grant · Mar 6 · 20,000 shShares withheld for tax · Mar 6 · $14.1KStock grant · Mar 6 · 15,000 shOpen-market buy · Feb 17 · $6.5KOpen-market buy · Feb 18 · $1.28KOpen-market buy · Feb 19 · $3.84KOpen-market buy · Feb 20 · $665Open-market buy · Feb 23 · $2.03KOpen-market buy · Feb 24 · $2.71KOpen-market buy · Feb 25 · $1.41KOpen-market buy · Feb 26 · $1.43KOpen-market buy · Feb 27 · $2.12KOpen-market buy · Mar 2 · $1.4KOpen-market buy · Mar 4 · $1.39KOpen-market buy · Mar 5 · $600Open-market buy · Mar 6 · $1.49K
CEOCFOOther officersDirectorsDecFebAprJunAugOctGift · Dec 23 · 10,000 shStock grant · Mar 6 · 24,000 sh · 3 peopleStock grant · Mar 6 · 12,000 shShares withheld for tax · Mar 6 · $11.8KShares withheld for tax · Mar 6 · $9.51KStock grant · Mar 6 · 20,000 shShares withheld for tax · Mar 6 · $14.1KStock grant · Mar 6 · 15,000 shOpen-market buy · Feb 17 · $6.5KOpen-market buy · Feb 18 · $1.28KOpen-market buy · Feb 19 · $3.84KOpen-market buy · Feb 20 · $665Open-market buy · Feb 23 · $2.03KOpen-market buy · Feb 24 · $2.71KOpen-market buy · Feb 25 · $1.41KOpen-market buy · Feb 26 · $1.43KOpen-market buy · Feb 27 · $2.12KOpen-market buy · Mar 2 · $1.4KOpen-market buy · Mar 4 · $1.39KOpen-market buy · Mar 5 · $600Open-market buy · Mar 6 · $1.49K

Last 12 months. No real trades in the last 6.

Showing 13 real trades. Hidden: 6 stock grants, 3 tax withholdings, 1 gift. Those happen on a schedule and say little about what an insider thinks. Bigger dot means a bigger trade.

Real trades, newest first

Mar 6 Mark Ledoux CEO/Chairman, Director, 10% owner Open-market buy $1.49K 532 sh at $2.80
Mar 5 Mark Ledoux CEO/Chairman, Director, 10% owner Open-market buy $600 218 sh at $2.75
Mar 4 Mark Ledoux CEO/Chairman, Director, 10% owner Open-market buy $1.39K 500 sh at $2.77
Mar 2 Mark Ledoux CEO/Chairman, Director, 10% owner Open-market buy $1.4K 500 sh at $2.79
Feb 27 Mark Ledoux CEO/Chairman, Director, 10% owner Open-market buy $2.12K 750 sh at $2.83
Feb 26 Mark Ledoux CEO/Chairman, Director, 10% owner Open-market buy $1.43K 500 sh at $2.85
Feb 25 Mark Ledoux CEO/Chairman, Director, 10% owner Open-market buy $1.41K 500 sh at $2.81
Feb 24 Mark Ledoux CEO/Chairman, Director, 10% owner Open-market buy $2.71K 1,000 sh at $2.71
Feb 23 Mark Ledoux CEO/Chairman, Director, 10% owner Open-market buy $2.03K 750 sh at $2.70
Feb 20 Mark Ledoux CEO/Chairman, Director, 10% owner Open-market buy $665 250 sh at $2.66
Show 3 older real trades
Feb 19 Mark Ledoux CEO/Chairman, Director, 10% owner Open-market buy $3.84K 1,500 sh at $2.56
Feb 18 Mark Ledoux CEO/Chairman, Director, 10% owner Open-market buy $1.28K 500 sh at $2.56
Feb 17 Mark Ledoux CEO/Chairman, Director, 10% owner Open-market buy $6.5K 2,500 sh at $2.60

Showing every filing. Dashed circles are routine: grants, tax withholding, option exercises and planned sales.

Top holders

Biggest funds in NAII

As of Jun 30, 2026
FundOwnsValueChange
Caldwell Sutter Capital, Inc.8.0%$1.19MSame
Dimensional Fund Advisors LP5.4%$803K−5%
Morgan Stanley4.9%$735K+15%
Mink Brook Asset Management LLC4.7%$701KSame
Renaissance Technologies LLC4.4%$663K−5%

"Owns" is shares reported divided by shares outstanding.

Where this data comes from. Insider trades, fund holdings, activist stakes and company results come from public SEC EDGAR filings (Forms 4, 13F, 13D/13G, 10-Q and 8-K). Congress trades come from the STOCK Act reports members file with the House Clerk and the Senate. Daily closing prices come from post-no-preference/stocks on DoltHub, a community-run database shared under CC BY-SA 4.0; the prices we show stay under that license. They are each day's close, not live or official exchange prices.

This is data, not investment advice. About StockToast