Leatt Corporation Earnings Recaps
Q1 2026
May 13, 2026
Leatt's shares jumped 23.9% following a first quarter marked by broad-based revenue and income growth, driven by accelerating global demand, strong consumer direct sales, and stable gross margins.
Key takeaways
- Q1 2026 revenues reached $19.5 million, up 27% year-over-year, led by a 59% increase in helmet sales and 25% growth in body armor.
- Consumer Direct sales surged 49%, highlighting robust brand momentum and direct engagement with riders.
- Net income grew 58% to $1.77 million, supported by a stable gross profit margin at 44%.
- Operating cash flow generated $4.55 million, increasing cash on hand by 30% to $17.2 million and maintaining liquidity for growth investments.
- Management reaffirmed confidence in the business with continuation of a $750 thousand share repurchase program amid ongoing investments in emerging markets and product development.
Q3 2025
Nov 9, 2025
Leatt Corporation reported robust third-quarter results, with revenues reaching $14.34 million, an 18% increase year-over-year, and net income soaring 366% to $539,000, marking the fifth consecutive quarter of growth.
Key takeaways
- Achieved double-digit revenue growth for the fourth consecutive quarter, driven by strong international demand and improved market conditions.
- Gross profit margin improved to 44%, up from 43% year-over-year, reflecting effective cost management despite tariff uncertainties.
- Consumer direct sales surged 61% in Q3 and 37% over the first nine months of 2025, highlighting strong brand momentum and consumer engagement.
- All product categories demonstrated significant growth, with body armor revenue increasing by 30% and helmets by 60% year-to-date.
- Cash from operations improved to $1.45 million, supporting a strong liquidity position with $12.39 million in cash and a 5:1 current ratio.