Leatt Corporation Q3 2025 Earnings Recap

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.