Leatt Corporation (LEAT)

Leatt Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	61.91	44.03	47.24	76.34	72.48
Revenue Growth (YoY)	40.61%	-6.80%	-38.11%	5.33%	87.74%
Cost of Revenue	34.69	26.31	27.44	45.2	41.03
Gross Profit	27.22	17.71	19.81	31.13	31.45
Selling, General & Admin	19.4	17.34	14.79	14.6	11.94
Research & Development	2.7	2.52	2.53	2.18	1.83
Other Operating Expenses	-0.38	-0.33	-0.09	-0.24	-0.18
Operating Expenses	22.98	20.69	18.39	18.12	14.83
Operating Income	4.24	-2.98	1.42	13.02	16.62
Interest Expense	-	-	-0.04	-0.01	-0
Interest & Investment Income	0.4	0.28	-	-	-
EBT Excluding Unusual Items	4.64	-2.7	1.38	13	16.62
Asset Writedown	-0.23	-	-	-	-
Pretax Income	4.41	-2.7	1.38	13	16.62
Income Tax Expense	1.14	-0.5	0.58	3.04	4.04
Net Income	3.26	-2.2	0.8	9.96	12.57
Net Income to Common	3.26	-2.2	0.8	9.96	12.57
Net Income Growth	-	-	-91.94%	-20.79%	184.24%
Shares Outstanding (Basic)	6	6	6	6	5
Shares Outstanding (Diluted)	6	6	6	6	6
Shares Change (YoY)	3.73%	-1.15%	2.46%	1.13%	1.29%
EPS (Basic)	0.53	-0.35	0.13	1.71	2.29
EPS (Diluted)	0.51	-0.35	0.13	1.62	2.07
EPS Growth	-	-	-91.97%	-21.74%	179.73%
Free Cash Flow	0.73	1.56	4.66	1.94	1.64
Free Cash Flow Per Share	0.11	0.25	0.74	0.32	0.27
Gross Margin	43.97%	40.23%	41.93%	40.78%	43.39%
Operating Margin	6.85%	-6.77%	3.00%	17.05%	22.93%
Profit Margin	5.27%	-5.01%	1.70%	13.05%	17.35%
Free Cash Flow Margin	1.17%	3.55%	9.86%	2.54%	2.27%
EBITDA	5.57	-1.75	2.59	14.12	17.64
EBITDA Margin	9.00%	-3.97%	5.49%	18.49%	24.34%
D&A For EBITDA	1.33	1.23	1.17	1.1	1.03
EBIT	4.24	-2.98	1.42	13.02	16.62
EBIT Margin	6.85%	-6.77%	3.00%	17.05%	22.93%
Effective Tax Rate	25.92%	-	41.77%	23.40%	24.32%
Advertising Expenses	4.56	4.45	4.13	3.34	2.17

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.