Income Statement Leatt Corporation

Stocks

LEAT

US5221322085

Recreational Products

Market Closed - OTC Markets Other stock markets 15:55:46 2026-07-24 EDT			5-day change	1st Jan Change
12.91 ^USD	+0.08%		+4.62%	+38.82%

07-01	Leatt Corporation Partners with Cardo Systems to Launch Cardo Venture Helmet with Wireless Communication System	CI
05-13	Leatt Corporation announces an Equity Buyback for $0.42 million worth of its shares.	CI

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Published financial data: LEATT CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	72.48M	76.34M	47.24M	44.03M	61.91M
Total Revenues	72.48M	76.34M	47.24M	44.03M	61.91M
Cost of Goods Sold, Total	41.03M	45.2M	27.44M	26.31M	34.69M
Gross Profit	31.45M	31.13M	19.81M	17.71M	27.22M
Selling General & Admin Expenses, Total	11.94M	14.6M	14.79M	17.34M	19.4M
Provision for Bad Debts	222K	474K	-10.29K	-76.28K	-65.92K
R&D Expenses	1.83M	2.18M	2.53M	2.52M	2.7M
Depreciation & Amortization - (IS)	1.03M	1.1M	1.17M	1.23M	1.33M
Other Operating Expenses	-183K	-240K	-93.7K	-327K	-382K
Other Operating Expenses, Total	14.83M	18.12M	18.39M	20.69M	22.98M
Operating Income	16.62M	13.02M	1.42M	-2.98M	4.24M
Interest Expense, Total	-163	-13.55K	-39.14K	-	-
Interest And Investment Income	-	-	-	275K	397K
Net Interest Expenses	-163	-13.55K	-39.14K	275K	397K
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	16.62M	13M	1.38M	-2.7M	4.64M
Asset Writedown	-	-	-	-	-234K
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	16.62M	13M	1.38M	-2.7M	4.41M
Income Tax Expense	4.04M	3.04M	576K	-499K	1.14M
Earnings From Continuing Operations	12.57M	9.96M	803K	-2.2M	3.26M
Net Income to Company	12.57M	9.96M	803K	-2.2M	3.26M
Net Income - (IS)	12.57M	9.96M	803K	-2.2M	3.26M
Net Income to Common Incl Extra Items	12.57M	9.96M	803K	-2.2M	3.26M
Net Income to Common Excl. Extra Items	12.57M	9.96M	803K	-2.2M	3.26M
Per Share Items
Net EPS - Basic	2.29	1.71	0.13	-0.35	0.53
Basic EPS - Continuing Operations	2.29	1.71	0.13	-0.35	0.53
Basic Weighted Average Shares Outstanding	5.48M	5.82M	5.99M	6.22M	6.21M
Net EPS - Diluted	2.07	1.62	0.13	-0.35	0.51
Diluted EPS - Continuing Operations	2.07	1.62	0.13	-0.35	0.51
Diluted Weighted Average Shares Outstanding	6.07M	6.14M	6.29M	6.22M	6.45M
Normalized Basic EPS	1.89	1.4	0.14	-0.27	0.47
Normalized Diluted EPS	1.71	1.32	0.14	-0.27	0.45
Supplemental Items
EBITDA	17.64M	14.12M	2.59M	-1.75M	5.57M
EBITA	16.62M	13.02M	1.42M	-2.98M	4.24M
EBIT	16.62M	13.02M	1.42M	-2.98M	4.24M
EBITDAR	18.07M	14.8M	3.19M	-1.05M	6.49M
Effective Tax Rate - (Ratio)	24.32	23.4	41.77	18.45	25.92
Current Foreign Taxes	3.73M	3.22M	745K	53.8K	863K
Total Current Taxes	3.73M	3.22M	745K	53.8K	863K
Deferred Foreign Taxes	307K	-177K	-169K	-553K	279K
Total Deferred Taxes	307K	-177K	-169K	-553K	279K
Normalized Net Income	10.38M	8.13M	862K	-1.69M	2.9M
Supplemental Operating Expense Items
Advertising Expense	2.17M	3.34M	4.13M	4.45M	4.56M
Selling and Marketing Expenses	2.17M	3.34M	4.13M	4.45M	4.56M
General and Administrative Expenses	3.52M	3.86M	4.19M	4.51M	5.23M
Research And Development Expense From Footnotes	1.83M	2.18M	2.53M	2.52M	2.7M
Net Rental Expense, Total	429K	689K	597K	703K	924K
Imputed Operating Lease Interest Expense	309	29.8K	83.11K	-	-
Imputed Operating Lease Depreciation	428K	659K	514K	-	-
Stock-Based Comp., SG&A Exp. (Total)	-	-	100K	-	-
Stock-Based Comp., Other (Total)	867K	1.16M	-	243K	490K
Total Stock-Based Compensation	867K	1.16M	100K	243K	490K

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	5.02M	7.1M	11.35M	12.37M	12.99M
Short Term Investments	58.26K	-	-	-	-
Total Cash And Short Term Investments	5.08M	7.1M	11.35M	12.37M	12.99M
Accounts Receivable, Total	12.66M	12.84M	6.97M	6.41M	7.9M
Other Receivables	-	-	623K	526K	734K
Total Receivables	12.66M	12.84M	7.59M	6.94M	8.64M
Inventory	21.08M	22.81M	20.39M	17.99M	20.9M
Prepaid Expenses	4.18M	2.88M	2.3M	3M	3.63M
Deferred Tax Assets Current	-	1.02M	9.6K	-	-
Restricted Cash	-	-	-	-	245K
Other Current Assets, Total	1.61M	1.05M	665K	871K	1.2M
Total Current Assets	44.61M	47.69M	42.3M	41.17M	47.6M
Gross Property Plant And Equipment	10.82M	11.45M	13.25M	14.12M	15.03M
Accumulated Depreciation	-6.3M	-7.26M	-8.37M	-9.57M	-11.02M
Net Property Plant And Equipment	4.52M	4.2M	4.87M	4.55M	4M
Other Intangibles, Total	-	-	-	-	-
Accounts Receivable Long-Term	-	-	310K	56.39K	-
Deferred Tax Assets Long-Term	-	-	84.2K	675K	396K
Other Long-Term Assets, Total	33.34K	40.8K	36.21K	37.32K	45.19K
Total Assets	49.17M	51.93M	47.61M	46.49M	52.05M
Liabilities
Accounts Payable, Total	14.62M	6.01M	5.2M	6.91M	8.58M
Accrued Expenses, Total	-	400K	-	-	18.82K
Short-term Borrowings	975K	1.03M	1.14M	734K	800K
Current Portion of Long-Term Debt	83.27K	108K	113K	28.72K	1.8K
Current Portion of Leases	319K	281K	299K	252K	309K
Current Income Taxes Payable	2.74M	3.38M	-	-	-
Other Current Liabilities	-	-	-	-	73.51K
Total Current Liabilities	18.73M	11.21M	6.75M	7.92M	9.78M
Long-Term Debt	189K	142K	30.65K	1.8K	-
Long-Term Leases	1.07M	811K	546K	301K	33.39K
Deferred Tax Liability Non Current	229K	66.2K	-	-	-
Other Non Current Liabilities	320K	-	-	-	-
Total Liabilities	20.55M	12.23M	7.33M	8.22M	9.81M
Preferred Stock Convertible	3K	3K	3K	3K	3K
Total Preferred Equity	3K	3K	3K	3K	3K
Common Stock, Total	130K	130K	131K	131K	131K
Additional Paid In Capital	9.23M	10.65M	10.75M	10.99M	11.48M
Retained Earnings	20.04M	30M	30.8M	28.6M	31.86M
Treasury Stock	-	-	-	-	-255K
Comprehensive Income and Other	-779K	-1.08M	-1.4M	-1.45M	-984K
Total Common Equity	28.62M	39.69M	40.28M	38.26M	42.23M
Total Equity	28.62M	39.69M	40.28M	38.26M	42.23M
Total Liabilities And Equity	49.17M	51.93M	47.61M	46.49M	52.05M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	5.75M	5.97M	6.22M	6.22M	6.23M
ECS Total Common Shares Outstanding	5.67M	5.97M	6.22M	6.22M	6.23M
Book Value / Share	5.04	6.65	6.48	6.15	6.77
Tangible Book Value	28.62M	39.69M	40.28M	38.26M	42.23M
Tangible Book Value Per Share	5.04	6.65	6.48	6.15	6.77
Total Debt	2.64M	2.37M	2.12M	1.32M	1.14M
Net Debt	-2.44M	-4.73M	-9.22M	-11.05M	-11.84M
Debt Equivalent Oper. Leases	3.43M	5.51M	4.77M	5.62M	7.39M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Others	21.2M	22.91M	20.62M	18.52M	21.41M
Land - (BS)	311K	286K	403K	393K	443K
Buildings, Total	-	-	271K	264K	298K
Machinery, Total	8.96M	9.95M	11.61M	12.78M	13.73M
Full Time Employees	57	85	89	75	88
Accumulated Allowance for Doubtful Accounts (Supple)	292K	744K	663K	500K	206K

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	12.57M	9.96M	803K	-2.2M	3.26M
Depreciation & Amortization - CF	1.03M	1.1M	1.17M	1.23M	1.33M
Depreciation & Amortization, Total	1.03M	1.1M	1.17M	1.23M	1.33M
(Gain) Loss From Sale Of Asset	5.04K	-23.01K	-2.82K	233	-27.89K
Asset Writedown & Restructuring Costs	-	-	-	-	234K
Stock-Based Compensation (CF)	867K	1.16M	100K	243K	490K
Provision and Write-off of Bad Debts	190K	452K	-54.08K	-186K	-298K
Other Operating Activities, Total	307K	-68.44K	-127K	-291K	339K
Change In Accounts Receivable	-5.68M	-631K	5.92M	747K	-1.2M
Change In Inventories	-11.41M	-1.71M	2.29M	2.1M	-2.87M
Change In Accounts Payable	6.61M	-8.61M	-809K	1.7M	1.65M
Change In Income Taxes	1.09M	644K	-4.01M	96.58K	-208K
Change in Other Net Operating Assets	-2.79M	814K	1.36M	-643K	-901K
Cash from Operations	2.78M	3.09M	6.66M	2.79M	1.81M
Capital Expenditure	-1.14M	-1.14M	-2M	-1.23M	-1.08M
Sale of Property, Plant, and Equipment	1.97K	43.47K	3.25K	1K	28.9K
Investment in Marketable and Equity Securities, Total	-5	58.26K	-	-	-
Cash from Investing	-1.14M	-1.04M	-2M	-1.23M	-1.05M
Short Term Debt Issued, Total	297K	55.17K	106K	-	66.21K
Long-Term Debt Issued, Total	273K	58.08K	-	-	-
Total Debt Issued	570K	113K	106K	-	66.21K
Short Term Debt Repaid, Total	-	-	-	-402K	-
Long-Term Debt Repaid, Total	-	-80.23K	-107K	-113K	-28.72K
Total Debt Repaid	-	-80.23K	-107K	-515K	-28.72K
Issuance of Common Stock	26K	256K	-	-	-
Repurchase of Common Stock	-	-	-	-	-255K
Cash from Financing	596K	289K	-1.29K	-515K	-218K
Foreign Exchange Rate Adjustments	-186K	-253K	-415K	-28.63K	328K
Net Change in Cash	2.06M	2.08M	4.24M	1.02M	865K
Supplemental Items
Cash Interest Paid	28.28K	58.82K	71.35K	74.5K	47.14K
Cash Income Tax Paid (Refund)	2.68M	2.58M	4.53M	33.83K	1.08M
Levered Free Cash Flow	-939K	622K	5.18M	2.24M	-665K
Unlevered Free Cash Flow	-939K	631K	5.2M	2.24M	-665K
Change In Net Working Capital	12.08M	8.62M	-5.04M	-3.86M	4.05M
Net Debt Issued / Repaid	570K	33.02K	-1.29K	-515K	37.48K

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	27.54	16.09	1.78	-3.96	5.38
Return on Total Capital	43.64	22.19	2.1	-4.54	6.39
Return On Equity %	57.17	29.16	2.01	-5.61	8.11
Return on Common Equity	57.18	29.16	2.01	-5.61	8.11
Margin Analysis
Gross Profit Margin %	43.39	40.78	41.93	40.23	43.97
SG&A Margin	16.47	19.13	31.31	39.39	31.33
EBITDA Margin %	24.34	18.49	5.49	-3.97	9
EBITA Margin %	22.93	17.05	3	-6.77	6.85
EBIT Margin %	22.93	17.05	3	-6.77	6.85
Income From Continuing Operations Margin %	17.35	13.05	1.7	-5.01	5.27
Net Income Margin %	17.35	13.05	1.7	-5.01	5.27
Net Avail. For Common Margin %	17.35	13.05	1.7	-5.01	5.27
Normalized Net Income Margin	14.33	10.65	1.82	-3.84	4.68
Levered Free Cash Flow Margin	-1.3	0.82	10.95	5.1	-1.07
Unlevered Free Cash Flow Margin	-1.3	0.83	11.01	5.1	-1.07
Asset Turnover
Asset Turnover	1.92	1.51	0.95	0.94	1.26
Fixed Assets Turnover	18.44	17.51	10.42	9.34	14.47
Receivables Turnover (Average Receivables)	7.31	5.99	4.77	6.58	8.65
Inventory Turnover (Average Inventory)	2.67	2.06	1.27	1.37	1.78
Short Term Liquidity
Current Ratio	2.38	4.25	6.27	5.2	4.87
Quick Ratio	0.95	1.78	2.81	2.44	2.21
Operating Cash Flow to Current Liabilities	0.15	0.28	0.99	0.35	0.18
Days Sales Outstanding (Average Receivables)	49.95	60.97	76.53	55.61	42.2
Days Outstanding Inventory (Average Inventory)	136.78	177.19	287.35	266.91	204.6
Average Days Payable Outstanding	78.74	80.23	81.79	92.67	75.12
Cash Conversion Cycle (Average Days)	107.99	157.93	282.09	229.85	171.68
Long Term Solvency
Total Debt/Equity	9.23	5.98	5.27	3.44	2.71
Total Debt / Total Capital	8.45	5.64	5.01	3.33	2.64
LT Debt/Equity	4.42	2.4	1.43	0.79	0.08
Long-Term Debt / Total Capital	4.04	2.27	1.36	0.76	0.08
Total Liabilities / Total Assets	41.79	23.56	15.39	17.69	18.86
EBIT / Interest Expense	102K	960.66	36.24	-	-
EBITDA / Interest Expense	111K	1.09K	81.51	-	-
(EBITDA - Capex) / Interest Expense	104K	1.01K	30.42	-	-
Total Debt / EBITDA	0.15	0.16	0.67	-1.26	0.18
Net Debt / EBITDA	-0.14	-0.32	-2.89	10.56	-1.82
Total Debt / (EBITDA - Capex)	0.16	0.17	1.78	-0.58	0.21
Net Debt / (EBITDA - Capex)	-0.14	-0.35	-7.75	4.85	-2.19
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	87.74	5.33	-38.11	-6.8	40.61
Gross Profit, 1 Yr. Growth %	80.84	-1	-36.38	-10.57	53.68
EBITDA, 1 Yr. Growth %	164.54	-19.99	-81.63	-167.45	-418.49
EBITA, 1 Yr. Growth %	184.69	-21.66	-89.1	-310	-242.44
EBIT, 1 Yr. Growth %	184.69	-21.66	-89.1	-310	-242.44
Earnings From Cont. Operations, 1 Yr. Growth %	184.24	-20.79	-91.94	-374.5	-248.05
Net Income, 1 Yr. Growth %	184.24	-20.79	-91.94	-374.5	-248.05
Normalized Net Income, 1 Yr. Growth %	184.92	-21.74	-89.39	-296	-271.64
Diluted EPS Before Extra, 1 Yr. Growth %	179.73	-21.74	-91.98	-372.85	-243.78
Accounts Receivable, 1 Yr. Growth %	76.49	1.41	-45.71	-8.04	23.33
Inventory, 1 Yr. Growth %	118.01	8.18	-10.58	-11.78	16.17
Net Property, Plant and Equip., 1 Yr. Growth %	35.44	-7.18	16.1	-6.54	-12.08
Total Assets, 1 Yr. Growth %	87.39	5.61	-8.32	-2.35	11.95
Tangible Book Value, 1 Yr. Growth %	86.23	38.69	1.48	-5	10.37
Common Equity, 1 Yr. Growth %	86.23	38.69	1.48	-5	10.37
Cash From Operations, 1 Yr. Growth %	18.54	10.95	115.65	-58.04	-35.28
Capital Expenditures, 1 Yr. Growth %	-22.89	0.43	74.76	-38.49	-12.03
Levered Free Cash Flow, 1 Yr. Growth %	-400.04	-166.25	731.63	-56.63	-129.61
Unlevered Free Cash Flow, 1 Yr. Growth %	-397.21	-167.16	724.34	-56.84	-129.61
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	59.98	40.62	-19.26	-24.05	14.48
Gross Profit, 2 Yr. CAGR %	55.49	33.81	-20.64	-24.57	17.24
EBITDA, 2 Yr. CAGR %	151.8	45.49	-61.66	-64.8	46.56
EBITA, 2 Yr. CAGR %	186.64	49.34	-70.78	-52.16	72.96
EBIT, 2 Yr. CAGR %	186.64	49.34	-70.78	-52.16	72.96
Earnings From Cont. Operations, 2 Yr. CAGR %	202.33	50.05	-74.73	-52.95	101.59
Net Income, 2 Yr. CAGR %	202.33	50.05	-74.73	-52.95	101.59
Normalized Net Income, 2 Yr. CAGR %	189.39	49.32	-71.19	-54.4	83.41
Diluted EPS Before Extra, 2 Yr. CAGR %	187.75	47.96	-74.94	-53.21	98.07
Accounts Receivable, 2 Yr. CAGR %	106.96	33.78	-25.8	-29.35	6.49
Inventory, 2 Yr. CAGR %	56.07	53.57	-1.65	-11.19	1.23
Net Property, Plant and Equip., 2 Yr. CAGR %	26.11	12.12	3.81	4.16	-9.36
Total Assets, 2 Yr. CAGR %	64.41	40.68	-1.6	-5.38	4.56
Tangible Book Value, 2 Yr. CAGR %	63.4	60.71	18.63	-1.82	2.39
Common Equity, 2 Yr. CAGR %	63.4	60.71	18.63	-1.82	2.39
Cash From Operations, 2 Yr. CAGR %	81.4	14.68	54.68	-4.88	-47.89
Capital Expenditures, 2 Yr. CAGR %	14.17	-12	32.48	3.68	-26.44
Levered Free Cash Flow, 2 Yr. CAGR %	190.89	40.99	134.73	89.9	-64.17
Unlevered Free Cash Flow, 2 Yr. CAGR %	228.44	41.28	135.3	88.63	-64.25
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	43.76	39.17	6.96	-15.31	-6.74
Gross Profit, 3 Yr. CAGR %	39.55	33.77	4.43	-17.41	-4.38
EBITDA, 3 Yr. CAGR %	99.93	71.82	-27.01	-53.72	-26.65
EBITA, 3 Yr. CAGR %	122.33	86.02	-37.59	-43.61	-31.18
EBIT, 3 Yr. CAGR %	122.33	86.02	-37.59	-43.61	-31.18
Earnings From Cont. Operations, 3 Yr. CAGR %	119.02	93.46	-43.38	-44.03	-31.06
Net Income, 3 Yr. CAGR %	119.02	93.46	-43.38	-44.03	-31.06
Normalized Net Income, 3 Yr. CAGR %	120.44	87.14	-38.16	-45.41	-29.07
Diluted EPS Before Extra, 3 Yr. CAGR %	111.11	86.43	-43.99	-44.46	-31.97
Accounts Receivable, 3 Yr. CAGR %	83.49	63.16	-0.95	-20.3	-14.93
Inventory, 3 Yr. CAGR %	63.59	38.12	28.24	-5.15	-2.87
Net Property, Plant and Equip., 3 Yr. CAGR %	24.95	13.86	13.43	0.23	-1.56
Total Assets, 3 Yr. CAGR %	56.87	41.86	21.97	-1.85	0.08
Tangible Book Value, 3 Yr. CAGR %	46.99	54.71	37.88	10.16	2.09
Common Equity, 3 Yr. CAGR %	46.77	54.71	37.88	10.16	2.09
Cash From Operations, 3 Yr. CAGR %	34.68	53.98	41.55	0.13	-16.34
Capital Expenditures, 3 Yr. CAGR %	5.21	9.39	10.61	2.58	-1.85
Levered Free Cash Flow, 3 Yr. CAGR %	41.95	77.65	154.75	33.69	2.21
Unlevered Free Cash Flow, 3 Yr. CAGR %	41.94	93.5	154.35	33.69	1.75
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	34.58	30.54	14.13	9.23	9.91
Gross Profit, 5 Yr. CAGR %	30.72	26.89	11.35	6.37	9.38
EBITDA, 5 Yr. CAGR %	122.68	82.25	3.27	-8.87	-3.53
EBITA, 5 Yr. CAGR %	86.74	125.04	-1.27	8.05	-6.18
EBIT, 5 Yr. CAGR %	86.74	125.04	-1.27	8.05	-6.18
Earnings From Cont. Operations, 5 Yr. CAGR %	94.2	111.15	-7.67	9.89	-5.9
Net Income, 5 Yr. CAGR %	94.2	111.15	-7.67	9.89	-5.9
Normalized Net Income, 5 Yr. CAGR %	92.16	126.93	-2.32	6.38	-4.47
Diluted EPS Before Extra, 5 Yr. CAGR %	89.05	109.65	-9.99	7.25	-7.17
Accounts Receivable, 5 Yr. CAGR %	41.68	39.61	27.74	16.74	1.96
Inventory, 5 Yr. CAGR %	35.72	35.28	33.47	15.76	16.66
Net Property, Plant and Equip., 5 Yr. CAGR %	30.58	14.7	16.02	9.88	3.7
Total Assets, 5 Yr. CAGR %	35.45	32.34	30.17	20.65	14.68
Tangible Book Value, 5 Yr. CAGR %	31.97	38.74	34.92	28.98	22.41
Common Equity, 5 Yr. CAGR %	31.72	38.47	34.79	28.98	22.41
Cash From Operations, 5 Yr. CAGR %	54.1	12.43	42.35	26.99	-5.09
Capital Expenditures, 5 Yr. CAGR %	36.62	-3.42	15.37	7.07	-6.04
Levered Free Cash Flow, 5 Yr. CAGR %	67.33	28.41	73.58	82.45	16.25
Unlevered Free Cash Flow, 5 Yr. CAGR %	67.33	27.92	73.74	91.53	16.03