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of Contents](#toc)\n\n**UNITED STATES**\n\n**SECURITIES AND EXCHANGE COMMISSION**\n\n**Washington, D.C. 20549**\n\n \n\n**FORM 10-Q**\n\n \n\n☒\n\nQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\n \n\n**For the quarterly period ended March 31, 2026**\n\n \n\n**or**\n\n \n\n☐\n\nTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\n \n\n**For the transition period from**            **to**            **.**\n\n \n\n**000-15701**\n\n**(Commission file number)**\n\n \n\n**NATURAL ALTERNATIVES INTERNATIONAL, INC.**\n\n**(Exact name of registrant as specified in its charter)**\n\n**Delaware**\n\n**84-1007839**\n\n**(State of incorporation)**\n\n**(IRS Employer Identification No.)**\n\n  \n\n**1535 Faraday Ave**\n\n**Carlsbad, CA 92008**\n\n**(760) 736-7700**\n\n**(Address of principal executive offices)**\n\n**(Registrant**’**s telephone number)**\n\n \n\n**Securities registered pursuant to Section 12(b) of the Act:**\n\nTitle of Each Class\n\nTrading Symbol(s)\n\nName of Each Exchange on Which Registered\n\nCommon Stock, $0.01 par value per share\n\nNAII\n\nNasdaq Stock Market\n\n \n\nIndicate by check mark whether NAI (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that NAI was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    ☒  Yes     ☐  No\n\n \n\nIndicate by check mark whether NAI has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that NAI was required to submit such files).    ☒  Yes     ☐  No\n\n \n\nIndicate by check mark whether NAI is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company.\n\n \n\nLarge accelerated filer\n\n☐\n\nAccelerated filer\n\n☐\n\nEmerging Growth Company\n\n☐\n\n      \n\nNon-accelerated filer\n☒\nSmaller reporting company\n\n☒\n  \n\n \n\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐\n\n \n\nIndicate by check mark whether NAI is a shell company (as defined in Rule 12b-2 of the Exchange Act): ☐ Yes ☒ No\n\n \n\nAs of May 18, 2026, 6,275,229 shares of NAI's common stock were outstanding, net of 3,368,677 treasury shares.\n\n \n\n \n\n \n\n[Table of Contents](#toc)\n\n   \n\n \n\n**TABLE OF CONTENTS**\n\n \n\n \n \n\n**Page**\n\n \n \n \n\n[**SPECIAL NOTE ABOUT FORWARD-LOOKING STATEMENTS**](#specialnote)\n\n[1](#specialnote)\n\n \n \n \n\n**PART I**\n\n[**FINANCIAL INFORMATION**](#part1)\n\n[2](#part1)"}