NUS on NYSE

Nu Skin Enterprises

American multi-level marketing company

Nu Skin Enterprises, Inc. is an American multilevel marketing company that develops and sells personal care products and dietary and nutritional supplements.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

1984Founded1

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  • TickerNUS on NYSE1
  • Industrypersonal care product1
  • HeadquartersProvo1
  • Websitewww.nuskin.com
  • Legal formDelaware corporation1
  • Incorporated inDE4
  • Business address75 West Center St, Attn: Gregory Belliston, Provo, Ut 846014
  • Filer categoryAccelerated filer4
NuskinBuildingProvo (cropped)
Photo: UtahStizzle, CC BY 3.0, via Wikimedia Commons6

Nu Skin Enterprises, Inc. is an American multilevel marketing company that develops and sells personal care products and dietary and nutritional supplements. Under the Nu Skin and Pharmanex brands, the company sells its products in 54 markets through a network of approximately 1.2 million independent distributors. The company was founded in 1984 by Blake Roney, Nedra Roney, Sandie Tillotson, and Steven J. Lund.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

69.4%Gross margin7
4.4%Operating margin7
10.8%Net margin7
-14.3%Revenue growth, 20257
19.9%Return on equity7
0.25×Debt to equity7
$46.0MFree cash flow7

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Wellness brought in 46% of the revenue Nu Skin Enterprises broke down this way in fiscal 2025.

  1. Wellness$689.1M746%down 9% from 2024
  2. Beauty$568.1M738%down 17% from 2024
  3. Other Product Lines$228.0M715%down 22% from 2024
Products and services by year
Products and services202320242025
Wellness$886.1M$757.2M$689.1M
Beauty$858.6M$681.8M$568.1M
Other Product Lines$224.4M$293.1M$228.0M

Business segments

Americas brought in 19% of the revenue Nu Skin Enterprises broke down this way in fiscal 2025.

  1. Americas$283.0M719%down 12% from 2024
  2. Southeast Asia/Pacific$209.8M714%down 14% from 2024
  3. Manufacturing$205.8M714%up 2% from 2024
  4. Mainland China$195.6M713%down 17% from 2024
  5. Japan$174.4M712%down 4% from 2024
  6. Europe and Africa$150.2M710%down 9% from 2024
  7. South Korea$130.2M79%down 20% from 2024
  8. Hong Kong/Taiwan$117.4M78%down 10% from 2024
  9. Rhyz Other$17.8M71%down 79% from 2024
Business segments by year
Business segments202320242025
Americas$398.2M$322.5M$283.0M
Southeast Asia/Pacific$267.2M$244.8M$209.8M
Manufacturing$181.4M$201.4M$205.8M
Mainland China$298.1M$235.2M$195.6M
Japan$207.8M$181.6M$174.4M
Europe and Africa$192.4M$164.2M$150.2M
South Korea$236.1M$163.7M$130.2M
Hong Kong/Taiwan$153.6M$130.6M$117.4M
Rhyz Other$35.2M$85.2M$17.8M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue31¢$453.8M
  • Research and development1¢$10.8M
  • Other costs56¢$824.4M
  • Income tax2¢$36.0M
  • Profit11¢$160.2M

Out of $1.5B in revenue.7

Where each dollar of operating cash went, fiscal 2025

  • Capital spending43¢$34.3M
  • Dividends paid15¢$11.8M
  • Share buybacks25¢$20.0M
  • Kept or used elsewhere18¢$14.1M

Out of $80.3M of cash from operations.7

Financial statements

Revenue8910117$1.5B in 2025−39% since 2019
0$1.0B$2.0B$3.0B2019: $2.4B$2.4B20192020: $2.6B$2.6B2020+7%2021: $2.7B$2.7B2021+4%2022: $2.2B$2.2B2022−17%2023: $2.0B$2.0B2023−12%2024: $1.7B$1.7B2024−12%2025: $1.5B$1.5B2025−14%
Gross profit8910117$1.0B in 2025−44% since 2019
0$1.0B$2.0B$3.0B2019: $1.8B$1.8B20192020: $1.9B$1.9B2020+5%2021: $2.0B$2.0B2021+5%2022: $1.6B$1.6B2022−21%2023: $1.4B$1.4B2023−15%2024: $1.2B$1.2B2024−13%2025: $1.0B$1.0B2025−13%
Operating income8910117$65.8M in 2025−75% since 2019
-$200.0M0$200.0M$400.0M2019: $267.4M$267.4M20192020: $257.6M$257.6M2020−4%2021: $234.0M$234.0M2021−9%2022: $110.8M$110.8M2022−53%2023: $48.3M$48.3M2023−56%2024: -$151.6M-$151.6M20242025: $65.8M$65.8M2025
Net income8910117$160.2M in 2025−8% since 2019
-$200.0M-$100.0M0$100.0M$200.0M2019: $173.6M$173.6M20192020: $191.4M$191.4M2020+10%2021: $147.3M$147.3M2021−23%2022: $104.8M$104.8M2022−29%2023: $8.6M$8.6M2023−92%2024: -$146.6M-$146.6M20242025: $160.2M$160.2M2025

Every line of the income statement in the latest annual report, as filed.7

Period ending2025-12-312024-12-312023-12-31
Revenue$1.5B$1.7B$2.0B
Cost of sales$453.8M$550.2M$611.9M
Gross profit$1.0B$1.2B$1.4B
Selling expenses$508.4M$652.0M$742.4M
General and administrative expenses$432.1M$479.0M$546.9M
Restructuring and impairment expenses$25.1M$202.4M$19.8M
Total operating expenses$965.6M$1.3B$1.3B
Operating income (loss)$65.8M-$151.6M$48.3M
Interest expense$13.9M$26.4M$25.6M
Gain on sale$176.2M$0$0
Other income (expense), net-$31.8M$2.9M$3.9M
Income (loss) before provision for income taxes$196.2M-$175.1M$26.6M
Provision (benefit) for income taxes$36.0M-$28.5M$18.0M
Net income (loss)$160.2M-$146.6M$8.6M
Basic (in dollars per share)$3.25-$2.95$0.17
Diluted (in dollars per share)$3.18-$2.95$0.17
Basic (in shares)49.3M shares49.7M shares49.7M shares
Diluted (in shares)50.3M shares49.7M shares49.9M shares

Compare Nu Skin Enterprises with another company

The story

In 1984, Nu Skin founders Blake Roney, Nedra Roney, Sandie Tillotson, and Steven J. Lund launched a line of skincare products using only natural ingredients. The founders aimed to create skincare products and nutritional products without unnecessary fillers with the philosophy of “all of the good, none of the bad.”

The company first served the United States market and expanded operations to Canada in 1990. In 1991, the company began operations in Asia, starting in Hong Kong. In 1996, the company listed on the New York Stock Exchange.

In 1992, Nu Skin settled with five states that accused the company of deceptive advertising and overstating distributor income. In 1994, the company paid $1 million and signed a consent decree with the FTC prohibiting it from making deceptive product claims. In 1997, the company paid an additional $1.5 million to the FTC to settle allegations of unsubstantiated claims.

In 1998, Nu Skin acquired Generation Health, the parent company of the dietary supplement company Pharmanex. According to Women's Health Letter, the Pharmanex device was designed merely to help sell more supplements, since per Nu Skin's 2002 annual report, "as customers track their skin carotenoid content, we believe they will be motivated to consistently consume LifePak for longer periods of time."

In the late 1990s, Nu Skin invested in Big Planet, a multilevel marketing company selling Internet services. The New York Times wrote that Big Planet recruited people "even if they have little knowledge of the technology that they are supposed to be selling," with a Big Planet representative quoted: "I believe people who have never touched a computer before can become hugely wealthy in this business."

In 2009, Nu Skin began working with LifeGen Technologies, a genomics company based in Madison, Wisconsin. Nu Skin acquired LifeGen in December 2011. Nu Skin claims LifeGen's genetic database aided in the development of Nu Skin's products, launching the ageLOC brand.

In 2016, Nu Skin paid a $47 million class-action settlement, citing failure to disclose that its Chinese subsidiary did not register as the direct seller. Nu Skin paid $750k in fines to the United States Securities and Exchange Commission following allegations of a bribe that saw charity funds go to a Chinese politician.

In 2021, Nu Skin's subsidiary Rhyz Inc. acquired social commerce company Mavely and acquired Dallas-based skincare company BeautyBio in 2023. In 2025, the company sold the Mavely platform for five times what it paid for the company in 2021, in a $250 million transaction to Later, the Summit Partners company.

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Products

Nu Skin was granted a patent on a device developed by Pharmanex called a "BioPhotonic Scanner", which is designed to measure the carotenoid level in skin. The company launched its ageLOC anti-aging brand in 2008.

In 2014, Nu Skin launched the Nu Skin Facial Spa which received FDA clearance for over-the-counter cosmetic use. In 2018, the company introduced the ageLOC LumiSpa, a dual-action skin care device that uses a soft silicone treatment head to gently cleanse away dirt, oil, and makeup.

Nu Skin launched ageLOC LumiSpa iO, the company's first connected device, in 2022. LumiSpa iO is a smart treatment and cleansing device for customized skin care, popularized by Venus Williams. Nu Skin launched Nu Colour “Lash + Brow” in 2023, marketed as free of prostaglandins. In 2022, Nu Skin launched a line of Nutricentials Bioadaptive Skin Care Pumps. In 2024, the company launched Nu Skin RenuSpa iO, an FDA-cleared microcurrent body device with a connected app to view live insights during treatment. RenuSpa iO is the company's first integrated beauty and wellness device. In 2024, Nu Skin launched MYND360 as a supplement and topicals product line for cognitive health.

From Wikipedia’s article on Nu Skin Enterprises, shared under CC BY-SA 4.0.5

Leadership

Who has led Nu Skin Enterprises, and when. Pick a name to see everywhere that person has worked.

Products and brands

  • personal care product

Listed on Wikidata.1

Former names

  • NU SKIN ENTERPRISES INCNov 2, 1998 to Sep 13, 20194
  • NU SKIN ASIA PACIFIC INCNov 6, 1996 to Aug 13, 19984
  • NU SKIN ASIA INCSep 16, 1996 to Sep 16, 19964

Timeline

  1. 1984Founded Founded1

Recent filings

  1. Sep 10, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
  2. Aug 21, 20268-K
  3. Aug 10, 20268-K
  4. Aug 10, 202610-Q
  5. Jun 11, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
  6. Jun 3, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
  7. Jun 3, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
  8. Jun 3, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
  9. Jun 3, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
  10. Jun 3, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
  11. Jun 3, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
  12. Jun 3, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
  13. Jun 2, 2026144
  14. Jun 1, 2026144
  15. Jun 1, 2026S-8

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2