Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.4M | $20.1M | $24.4M | $28.3M | $38.6M | $72.5M | $76.3M | $47.2M | $44.0M | $61.9M |
| Revenue growth | — | 22.7% | 21.1% | 16.1% | 36.3% | 87.7% | 5.3% | -38.1% | -6.8% | 40.6% |
| Gross profit | $8.24M | $9.47M | $11.6M | $13.0M | $17.4M | $31.4M | $31.1M | $19.8M | $17.7M | $27.2M |
| Gross margin | 50.2% | 47.0% | 47.4% | 45.9% | 45.0% | 43.4% | 40.8% | 41.9% | 40.2% | 44.0% |
| Operating income | -$732K | $226K | $1.49M | $1.98M | $5.84M | $16.6M | $13.0M | $1.42M | -$2.98M | $4.01M |
| Operating margin | -4.5% | 1.1% | 6.1% | 7.0% | 15.1% | 22.9% | 17.1% | 3.0% | -6.8% | 6.5% |
| Net income | -$455K | $237K | $1.20M | $1.38M | $4.42M | $12.6M | $9.96M | $803K | -$2.20M | $3.26M |
| Net margin | -2.8% | 1.2% | 4.9% | 4.9% | 11.5% | 17.3% | 13.0% | 1.7% | -5.0% | 5.3% |
| EPS (diluted) | -$0.08 | $0.04 | $0.22 | $0.25 | $0.74 | $2.07 | $1.62 | $0.13 | -$0.34 | $0.51 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $320K | $1.72M | $1.14M | $846K | $2.35M | $2.78M | $3.09M | $6.66M | $2.79M | $1.81M |
| Capital expenditures | $239K | $1.36M | $978K | $874K | $1.48M | $1.14M | $1.14M | $2.00M | $1.23M | $1.08M |
| Free cash flow | $80.9K | $357K | $161K | -$28.5K | $870K | $1.64M | $1.94M | $4.66M | $1.56M | $726K |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $1.10M | $1.52M | $1.71M | $2.07M | $2.97M | $5.02M | $7.10M | $11.3M | $12.4M | $13.0M |
| Total assets | $10.8M | $12.8M | $12.7M | $18.2M | $26.2M | $49.2M | $51.9M | $47.6M | $46.5M | $52.0M |
| Total liabilities | — | — | — | — | — | — | — | — | $8.22M | $9.81M |
| Long-term debt | — | — | — | — | — | $273K | $250K | $144K | $30.5K | $1.80K |
| Shareholders' equity | $7.22M | $7.80M | $9.05M | $10.7M | $15.4M | $28.6M | $39.7M | $40.3M | $38.3M | $42.2M |
| Retained earnings | $228K | $465K | $1.66M | $3.04M | $7.46M | $20.0M | $30.0M | $30.8M | $28.6M | $31.9M |
| Shares (wtd avg diluted) | 5.45M | 5.54M | 5.53M | 5.55M | 5.99M | 6.07M | 6.14M | 6.29M | 6.47M | 6.45M |
Every figure is extracted from Leatt Corp’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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