LEAT · Leatt Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $19.51M | - | $14.34M | $16.18M | $15.37M | - | $12.14M | $10.08M | $10.61M | - |
| Cost of Revenue | $10.93M | - | $8.03M | $9.29M | $8.65M | - | $6.97M | $6.16M | $6.61M | - |
| Gross Profit | $8.57M | - | $6.32M | $6.89M | $6.72M | - | $5.17M | $3.92M | $4.01M | - |
| R&D | $797.3K | - | $688.2K | $616.8K | $664.5K | - | $620.0K | $628.8K | $555.8K | - |
| SG&A | $1.21M | - | $1.03M | $1.10M | $1.01M | - | $993.0K | $977.2K | $942.9K | - |
| Total Operating Expenses | $6.63M | - | $5.74M | $5.54M | $5.38M | - | $5.27M | $5.14M | $4.84M | - |
| D&A | $514.6K | - | $343.6K | $332.6K | $327.0K | - | $316.4K | $297.3K | $294.1K | - |
| Operating Income | $2.32M | - | $630.2K | $1.40M | $1.43M | - | $25.9K | ($1.13M) | ($790.6K) | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $621.9K | - | $191.7K | $378.9K | $390.3K | - | $15.5K | $25.0K | $1.6K | - |
| Net Income | $1.77M | - | $539.3K | $1.14M | $1.12M | - | $115.8K | ($1.06M) | ($816.7K) | - |
| EPS - Basic | $0.28 | - | $0.09 | $0.18 | $0.18 | - | $0.02 | ($0.17) | ($0.13) | - |
| EPS - Diluted | $0.27 | - | $0.08 | $0.18 | $0.17 | - | $0.02 | ($0.16) | ($0.13) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $17.01M | $12.99M | $12.28M | $15.73M | $12.70M | $12.37M | $12.47M | $13.33M | $13.53M | $11.35M |
| Accounts Receivable | $6.26M | $7.90M | $10.79M | $8.26M | $6.38M | $6.41M | $7.86M | $5.73M | $4.77M | $6.97M |
| Inventory | $16.36M | $20.90M | $17.28M | $12.90M | $16.93M | $17.99M | $15.77M | $14.74M | $17.07M | $20.39M |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | $45.56M | $47.60M | $45.91M | $41.88M | $40.22M | $41.17M | $40.45M | $38.09M | $39.14M | $42.30M |
| Total Assets | $49.56M | $52.05M | $50.91M | $46.80M | $45.34M | $46.49M | $45.40M | $42.84M | $44.01M | $47.61M |
| Current Liabilities | $5.55M | $9.78M | $9.20M | $5.68M | $5.54M | $7.92M | $6.22M | $3.97M | $4.18M | $6.75M |
| Long-term Debt | - | $1.8K | - | - | $17.5K | $30.5K | $59.2K | $87.6K | $115.7K | $143.5K |
| Total Liabilities | $5.55M | $9.81M | $9.31M | $5.83M | $5.77M | - | - | - | - | - |
| Stockholders' Equity | $44.00M | $42.23M | $41.61M | $40.97M | $39.57M | $38.26M | $38.82M | $38.43M | $39.33M | $40.28M |
| Retained Earnings | $33.63M | $31.86M | $31.39M | $30.86M | $29.72M | $28.60M | $29.04M | $28.93M | $29.98M | $30.80M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $4.55M | - | - | - | $768.1K | - | - | - | $2.83M | - |
| Investing Cash Flow | ($166.1K) | - | - | - | ($180.6K) | - | - | - | ($49.2K) | - |
| Financing Cash Flow | ($329.8K) | - | - | - | ($301.5K) | - | - | - | ($495.8K) | - |
| CapEx | $166.9K | - | - | - | $195.8K | - | - | - | $49.2K | - |
| Free Cash Flow | $4.38M | - | - | - | $572.3K | - | - | - | $2.78M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 44.0% | - | 44.0% | 42.6% | 43.7% | - | 42.6% | 38.9% | 37.8% | - |
| Operating margin | 11.9% | - | 4.4% | 8.7% | 9.3% | - | 0.2% | -11.2% | -7.4% | - |
| EBITDA margin | 14.5% | - | 6.8% | 10.7% | 11.4% | - | 2.8% | -8.3% | -4.7% | - |
| Net margin | 9.1% | - | 3.8% | 7.0% | 7.3% | - | 1.0% | -10.5% | -7.7% | - |
| Free cash flow margin | 22.5% | - | - | - | 3.7% | - | - | - | 26.2% | - |
| FCF / Net income | 2.48 | - | - | - | 0.51 | - | - | - | -3.40 | - |
| R&D / Revenue | 4.1% | - | 4.8% | 3.8% | 4.3% | - | 5.1% | 6.2% | 5.2% | - |
| SG&A / Revenue | 6.2% | - | 7.2% | 6.8% | 6.6% | - | 8.2% | 9.7% | 8.9% | - |
| Effective tax rate | 26.0% | - | 26.2% | 25.0% | 25.8% | - | 11.8% | - | - | - |
| Return on assets | 3.6% | - | 1.1% | 2.4% | 2.5% | - | 0.3% | -2.5% | -1.9% | - |
| Return on equity | 4.0% | - | 1.3% | 2.8% | 2.8% | - | 0.3% | -2.8% | -2.1% | - |
| Return on invested capital | - | - | - | - | 2.7% | - | 0.1% | -2.3% | -1.6% | - |
| Liquidity | ||||||||||
| Current ratio | 8.20 | 4.87 | 4.99 | 7.37 | 7.26 | 5.20 | 6.50 | 9.59 | 9.37 | 6.27 |
| Quick ratio | 5.26 | 2.73 | 3.11 | 5.10 | 4.20 | 2.93 | 3.97 | 5.88 | 5.28 | 3.25 |
| Cash ratio | 3.06 | 1.33 | 1.34 | 2.77 | 2.29 | 1.56 | 2.00 | 3.36 | 3.24 | 1.68 |
| Leverage | ||||||||||
| Debt / Equity | - | 0.00 | - | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt / Assets | - | 0.00 | - | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt / EBITDA | - | - | - | - | 0.01 | - | 0.17 | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.13 | 1.23 | 1.22 | 1.14 | 1.15 | 1.21 | 1.17 | 1.11 | 1.12 | 1.18 |
| Liabilities / Assets | 0.11 | 0.19 | 0.18 | 0.12 | 0.13 | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.39 | - | 0.28 | 0.35 | 0.34 | - | 0.27 | 0.24 | 0.24 | - |
| Inventory turnover | 0.67 | - | 0.46 | 0.72 | 0.51 | - | 0.44 | 0.42 | 0.39 | - |
| Days sales outstanding | 117d | - | 275d | 186d | 152d | - | 236d | 208d | 164d | - |
| Days inventory outstanding | 546d | - | 786d | 507d | 715d | - | 826d | 874d | 943d | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 34.1x | - | 151.3x | 50.1x | 40.5x | - | 403.5x | - | - | - |
| P / B | 1.4x | - | 1.9x | 1.4x | 1.1x | - | 1.3x | 1.0x | 1.5x | - |
| P / S | 3.1x | - | 5.5x | 3.6x | 2.9x | - | 4.3x | 3.7x | 5.6x | - |
| EV / EBITDA | 15.0x | - | 68.0x | 24.6x | 18.2x | - | 116.7x | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 26.9% | - | 18.2% | 60.5% | 44.8% | - | 1.1% | -18.4% | -18.8% | - |
| Revenue CAGR (3y) | 14.3% | - | -14.9% | -3.4% | -14.1% | - | -18.1% | -11.0% | -6.3% | - |
| Revenue CAGR (5y) | 8.6% | - | 4.8% | 18.4% | 15.3% | - | 4.7% | 13.8% | 11.7% | - |
| Gross profit growth (YoY) | 27.6% | - | 22.2% | 75.7% | 67.7% | - | 1.0% | -26.6% | -30.6% | - |
| Operating income growth (YoY) | 62.2% | - | 2333.3% | - | - | - | -95.8% | - | - | - |
| Net income growth (YoY) | 57.9% | - | 365.5% | - | - | - | -74.8% | - | - | - |
| EPS growth (YoY) | 58.8% | - | 300.0% | - | - | - | -71.4% | - | - | - |
| EPS CAGR (3y) | 19.1% | - | -50.3% | -25.8% | -37.0% | - | -69.3% | - | - | - |
| EPS CAGR (5y) | -4.5% | - | -21.6% | 8.4% | 19.4% | - | -39.2% | - | - | - |
| FCF growth (YoY) | 666.0% | - | - | - | -79.4% | - | - | - | -43.4% | - |
| FCF CAGR (5y) | 32.5% | - | - | - | - | - | - | - | 148.7% | - |
| Book value growth (YoY) | 11.2% | 10.4% | 7.2% | 6.6% | 0.6% | -5.0% | -6.4% | -6.4% | -2.8% | 1.5% |
Peer comparison
Same SIC group: Motorcycles, Bicycles & Parts
Comparing Leatt Corp against the 5 most active filers in the same SIC group.