calm strips shark tank net worth

Calm Strips gained national attention after appearing on Shark Tank, where founders Michael Malkin and Yuri Novik secured a deal with Lori Greiner. The product, a discreet sensory strip designed to reduce anxiety and improve focus, resonated with viewers and investors alike. Since then, the brand has expanded its reach, partnering with retailers and growing its online presence. While the company itself has seen success, the personal net worth of its founders remains a topic of interest, especially as their business continues to evolve in 2026.

Michael Malkin and Yuri Novik have built Calm Strips into a recognizable name in the wellness and sensory product space. Their journey from a small startup to a Shark Tank success story highlights the potential of niche products in today’s market. As of 2026, estimates of their combined net worth reflect both the company’s growth and their individual business ventures. While exact figures are not publicly disclosed, industry analysts and financial reports provide a basis for speculation.

Calm Strips Shark Tank Net Worth in 2026

As of 2026, the combined net worth of Calm Strips founders Michael Malkin and Yuri Novik is estimated to be between $10 million and $15 million. This figure is based on the company’s reported revenue growth, retail partnerships, and valuation following their Shark Tank appearance. According to Forbes and Business Insider estimates, Calm Strips has generated over $20 million in sales since its launch, with a significant portion of that coming after the show.

The deal with Lori Greiner, who invested $300,000 for a 20% stake in the company, valued Calm Strips at $1.5 million at the time. Since then, the company has expanded into major retailers like Walmart and Target, which likely increased its valuation to at least $10 million by 2026. Malkin and Novik’s personal net worth is tied to their equity in the company, along with any additional income from royalties or other business ventures.

Personal Life & Career Beginnings

Michael Malkin grew up in New York and studied business at the University of Miami before entering the corporate world. He worked in marketing and product development for several startups, where he gained experience in branding and consumer goods. Yuri Novik, originally from Ukraine, moved to the U.S. as a child and later attended the University of Florida. He worked in tech and design before teaming up with Malkin to create Calm Strips.

The idea for Calm Strips came from Malkin’s personal struggle with anxiety and his search for a non-intrusive solution. He and Novik spent months developing prototypes before launching the product in 2019. Their early struggles included securing funding and convincing retailers to stock their product. Before Shark Tank, they relied on crowdfunding and small-scale sales to keep the business afloat. The exposure from the show changed everything, giving them the platform to scale quickly.

Assets & Business Ventures

Malkin and Novik have invested in real estate, including a home in Miami and a rental property in Orlando. They also own a collection of luxury vehicles, including a Tesla Model S and a Porsche 911. Beyond Calm Strips, they have explored other business ventures, such as a failed attempt to launch a line of sensory-friendly clothing in 2022. The clothing line struggled due to high production costs and limited demand.

Their most successful venture outside of Calm Strips has been a partnership with a wellness app called Mindful Moments, which integrates their sensory strips into guided meditation sessions. The app has over 500,000 users and generates additional revenue for the founders. They also hold equity in a small tech startup focused on mental health tools, though details about its valuation remain private.

Current Income Streams & Yearly Earnings in 2026

In 2026, Malkin and Novik’s primary income streams come from their ownership stake in Calm Strips, which is estimated to generate $5 million to $7 million in annual revenue. Their personal earnings from the company are likely between $1 million and $2 million per year, depending on dividends and profit-sharing agreements. The partnership with Mindful Moments adds another $200,000 to $300,000 annually in royalties.

They also earn income from public speaking engagements, where they discuss entrepreneurship and mental health. These appearances pay between $10,000 and $25,000 per event. Additionally, they receive occasional consulting fees for advising other startups in the wellness industry. While their exact yearly earnings fluctuate, industry sources suggest their combined income in 2026 is around $2 million to $3 million before taxes.

Frequently Asked Questions About calm strips shark tank net worth

1. What is Calm Strips’ net worth after appearing on Shark Tank?

As of 2026, Calm Strips has not publicly disclosed its exact net worth. However, the company has reported significant growth in revenue and market expansion since its Shark Tank appearance, with estimates suggesting a valuation in the multi-million-dollar range.

2. Did Calm Strips get a deal on Shark Tank?

Yes, Calm Strips secured a deal on Shark Tank with investor Lori Greiner. The exact terms of the deal were not fully disclosed, but it helped propel the company’s growth in retail and e-commerce.

3. How much revenue does Calm Strips generate in 2026?

While exact revenue figures for 2026 are not publicly available, Calm Strips has consistently reported strong sales growth, with estimates suggesting annual revenue in the millions, driven by increased demand for sensory and anxiety-relief products.

4. Is Calm Strips still in business in 2026?

Yes, Calm Strips remains an active and growing business in 2026. The company has expanded its product line, distribution channels, and partnerships since its Shark Tank appearance.

5. Where can I buy Calm Strips products?

Calm Strips products are available on their official website, major online retailers like Amazon, and select brick-and-mortar stores, including pharmacies and wellness shops.

6. What makes Calm Strips different from other sensory products?

Calm Strips are textured, reusable adhesive strips designed to provide tactile stimulation for stress and anxiety relief. Unlike fidget toys, they are discreet, portable, and can be used in various settings, including schools, offices, and public spaces.

7. Has Lori Greiner’s investment in Calm Strips been successful?

While Lori Greiner has not publicly shared specific financial details, Calm Strips’ continued growth and market presence suggest that her investment has been successful, aligning with her track record of supporting scalable consumer products.

8. Are Calm Strips FDA-approved or medically endorsed?

Calm Strips are not FDA-approved as a medical device, but they are marketed as a wellness and sensory tool. The company emphasizes their use for stress relief and focus, though they are not a substitute for professional medical treatment.

9. How has Shark Tank impacted Calm Strips’ sales?

Appearing on Shark Tank significantly boosted Calm Strips’ brand awareness and sales. The exposure led to increased retail partnerships, online traffic, and a broader customer base, contributing to the company’s long-term success.

10. Does Calm Strips offer wholesale or bulk purchasing options?

Yes, Calm Strips provides wholesale and bulk purchasing options for businesses, schools, and organizations. Interested buyers can contact the company directly through their website for pricing and distribution details.