TLFA · Tandy Leather Factory Inc - 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 | $19.65M | - | $17.26M | $17.77M | $19.04M | - | $17.35M | $17.29M | $19.27M | - |
| Cost of Revenue | $7.66M | - | $7.09M | $7.20M | $8.32M | - | $7.33M | $7.27M | $8.36M | - |
| Gross Profit | $11.99M | - | $10.17M | $10.57M | $10.72M | - | $10.02M | $10.02M | $10.92M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | $11.63M | - | $10.85M | $10.51M | $10.46M | - | $10.29M | $9.96M | $10.27M | - |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | $365.0K | - | ($678.0K) | $66.0K | $262.0K | - | ($267.0K) | $63.0K | $649.0K | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $146.0K | - | ($481.0K) | $19.0K | $4.18M | - | ($51.0K) | $49.0K | $182.0K | - |
| Net Income | $222.0K | - | ($1.35M) | ($199.0K) | $12.68M | - | ($132.0K) | $101.0K | $525.0K | - |
| EPS - Basic | $0.03 | - | ($0.17) | ($0.02) | $1.49 | - | ($0.02) | $0.01 | $0.06 | - |
| EPS - Diluted | $0.03 | - | ($0.17) | ($0.02) | $1.47 | - | ($0.02) | $0.01 | $0.06 | - |
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 | $10.10M | $16.09M | $12.02M | $16.42M | $23.59M | $13.27M | $10.05M | $11.53M | $12.31M | $12.16M |
| Accounts Receivable | $313.0K | $425.0K | $304.0K | $398.0K | $301.0K | $331.0K | $351.0K | $394.0K | $420.0K | $264.0K |
| Inventory | $33.70M | $33.24M | $35.95M | $36.20M | $34.35M | $35.56M | $38.15M | $37.19M | $36.67M | $37.99M |
| Accounts Payable | $3.26M | $2.15M | $2.63M | $2.55M | $3.41M | $3.11M | $2.32M | $2.40M | $2.21M | $2.33M |
| Current Assets | $44.90M | $50.58M | $49.66M | $54.47M | $59.43M | $50.54M | $50.39M | $50.79M | $50.16M | $51.25M |
| Total Assets | $81.52M | $86.63M | $84.54M | $76.54M | $77.92M | $74.92M | $73.04M | $72.79M | $72.43M | $72.14M |
| Current Liabilities | $10.61M | $9.80M | $9.51M | $11.14M | $13.19M | $9.89M | $7.88M | $7.92M | $7.84M | $8.93M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $46.50M | $52.59M | $53.38M | $57.23M | $56.89M | $57.15M | $57.62M | $57.54M | $57.24M | $56.35M |
| Retained Earnings | $55.01M | $60.84M | $61.77M | $64.22M | $64.42M | $64.49M | $64.15M | $64.28M | $64.18M | $63.66M |
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 | $906.0K | - | - | - | ($536.0K) | - | - | - | $1.09M | - |
| Investing Cash Flow | ($587.0K) | - | - | - | $23.57M | - | - | - | ($1.23M) | - |
| Financing Cash Flow | ($6.19M) | - | - | - | ($12.74M) | - | - | - | ($1.0K) | - |
| CapEx | $587.0K | - | - | - | $1.33M | - | - | - | $1.23M | - |
| Free Cash Flow | $319.0K | - | - | - | ($1.87M) | - | - | - | ($141.0K) | - |
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 | 61.0% | - | 58.9% | 59.5% | 56.3% | - | 57.8% | 58.0% | 56.7% | - |
| Operating margin | 1.9% | - | -3.9% | 0.4% | 1.4% | - | -1.5% | 0.4% | 3.4% | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | 1.1% | - | -7.8% | -1.1% | 66.6% | - | -0.8% | 0.6% | 2.7% | - |
| Free cash flow margin | 1.6% | - | - | - | -9.8% | - | - | - | -0.7% | - |
| FCF / Net income | 1.44 | - | - | - | -0.15 | - | - | - | -0.27 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 39.7% | - | - | - | 24.8% | - | - | 32.7% | 25.7% | - |
| Return on assets | 0.3% | - | -1.6% | -0.3% | 16.3% | - | -0.2% | 0.1% | 0.7% | - |
| Return on equity | 0.5% | - | -2.5% | -0.3% | 22.3% | - | -0.2% | 0.2% | 0.9% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 4.23 | 5.16 | 5.22 | 4.89 | 4.51 | 5.11 | 6.39 | 6.42 | 6.39 | 5.74 |
| Quick ratio | 1.06 | 1.77 | 1.44 | 1.64 | 1.90 | 1.52 | 1.55 | 1.72 | 1.72 | 1.48 |
| Cash ratio | 0.95 | 1.64 | 1.26 | 1.47 | 1.79 | 1.34 | 1.28 | 1.46 | 1.57 | 1.36 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.75 | 1.65 | 1.58 | 1.34 | 1.37 | 1.31 | 1.27 | 1.27 | 1.27 | 1.28 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.24 | - | 0.20 | 0.23 | 0.24 | - | 0.24 | 0.24 | 0.27 | - |
| Inventory turnover | 0.23 | - | 0.20 | 0.20 | 0.24 | - | 0.19 | 0.20 | 0.23 | - |
| Days sales outstanding | 6d | - | 6d | 8d | 6d | - | 7d | 8d | 8d | - |
| Days inventory outstanding | 1606d | - | 1850d | 1835d | 1507d | - | 1900d | 1868d | 1602d | - |
| Days payable outstanding | 155d | - | 135d | 129d | 150d | - | 115d | 120d | 97d | - |
| Cash conversion cycle | 1456d | - | 1721d | 1714d | 1364d | - | 1792d | 1756d | 1513d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 3.2% | - | -0.5% | 2.8% | -1.2% | - | -1.1% | -1.1% | -5.3% | - |
| Revenue CAGR (3y) | -1.2% | - | -3.2% | -1.2% | -2.4% | - | -3.5% | -2.4% | -3.4% | - |
| Revenue CAGR (5y) | -1.7% | - | 1.5% | 14.2% | 2.1% | - | 1.2% | -2.1% | - | - |
| Gross profit growth (YoY) | 11.9% | - | 1.5% | 5.5% | -1.8% | - | -8.4% | -8.3% | -7.6% | - |
| Operating income growth (YoY) | 39.3% | - | -153.9% | 4.8% | -59.6% | - | - | -92.0% | -33.8% | - |
| Net income growth (YoY) | -98.2% | - | -924.2% | - | 2314.5% | - | - | -81.0% | -20.9% | - |
| EPS growth (YoY) | -98.0% | - | -750.0% | - | 2350.0% | - | - | -83.3% | -25.0% | - |
| EPS CAGR (3y) | -27.9% | - | - | - | 163.9% | - | - | -45.0% | -9.1% | - |
| EPS CAGR (5y) | -17.8% | - | - | - | - | - | - | - | -9.7% | - |
| FCF growth (YoY) | - | - | - | - | -1224.1% | - | - | - | - | - |
| FCF CAGR (5y) | -31.3% | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -18.3% | -8.0% | -7.4% | -0.5% | -0.6% | 1.4% | 7.4% | 8.6% | 9.4% | 9.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Geographic
$76.32M totalUS$67.91M · 89.0%
CA$7.46M · 9.8%
Other Countries$960.0K · 1.3%
Peer comparison
Same SIC group: Leather & Leather Products
Comparing TANDY LEATHER FACTORY INC against the 3 most active filers in the same SIC group.