Leatt Corp (LEAT) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
12 KIEPERSOL DRIVE, ATLAS GARDENS DURBANVILLE, WESTERN CAPE, 7550 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3751 - Motorcycles, Bicycles, and Parts (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 11,347 | 7,103 | 5,022 | 2,967 | 2,073 | 1,710 | |||
| Cash and cash equivalent | 11,347 | 7,103 | 5,022 | 2,967 | 2,073 | 1,710 | |||
| Receivables | 7,593 | 12,840 | 12,661 | 7,177 | 2,956 | 2,049 | |||
| Inventory, net of allowances, customer advances and progress billings | 20,392 | 22,805 | 21,081 | 9,670 | 8,655 | 4,815 | |||
| Inventory | 20,392 | 22,805 | 21,081 | 9,670 | 8,655 | 4,815 | |||
| Prepaid expense | 447 | ||||||||
| Deferred costs | 10 | 1,017 | |||||||
| Advances on inventory purchases | 665 | 1,047 | 1,611 | 805 | 473 | ||||
| Other undisclosed current assets | 2,298 | 2,878 | 4,237 | 2,167 | 1,187 | 1,305 | |||
| Total current assets: | 42,305 | 47,690 | 44,612 | 22,786 | 15,319 | 10,353 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 845 | 1,092 | 1,393 | 286 | ✕ | ||||
| Property, plant and equipment | 4,027 | 3,104 | 3,128 | 3,052 | |||||
| Long-term investments and receivables | 310 | ||||||||
| Accounts and financing receivable, after allowance for credit loss | 310 | ||||||||
| Intangible assets, net (including goodwill) | 40 | ||||||||
| Intangible assets, net (excluding goodwill) | 40 | ||||||||
| Deposits noncurrent assets | 36 | 41 | 33 | 34 | 27 | 25 | |||
| Deferred costs | 84 | ||||||||
| Other undisclosed noncurrent assets | 79 | ||||||||
| Total noncurrent assets: | 5,302 | 4,237 | 4,555 | 3,451 | 27 | 66 | |||
| Other undisclosed assets | 2,843 | 2,317 | |||||||
| TOTAL ASSETS: | 47,607 | 51,927 | 49,167 | 26,237 | 18,188 | 12,737 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 5,202 | 6,011 | 14,618 | 8,009 | 5,426 | 2,779 | |||
| Taxes payable | ✕ | ✕ | ✕ | 2,739 | 1,654 | 593 | 70 | ||
| Accrued liabilities | 3,383 | ||||||||
| Other undisclosed accounts payable and accrued liabilities | 5,202 | 2,629 | 11,879 | 6,355 | 4,833 | 2,709 | |||
| Debt | 1,361 | 1,247 | 1,142 | 678 | 1,067 | 582 | |||
| Deferred compensation liability | 400 | ||||||||
| Other undisclosed current liabilities | 187 | 3,555 | 2,974 | 1,862 | 593 | 70 | |||
| Total current liabilities: | 6,750 | 11,213 | 18,733 | 10,549 | 7,086 | 3,432 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 31 | 142 | 1,264 | 78 | 221 | ||||
| Long-term debt, excluding current maturities | 31 | 142 | 189 | ||||||
| Liabilities, other than long-term debt | 546 | 878 | 549 | 240 | 160 | 251 | |||
| Deferred compensation liability, classified | 320 | 240 | 160 | 80 | |||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 171 | ||
| Deferred income tax liabilities | 66 | 229 | ✕ | ||||||
| Operating lease, liability | 546 | 811 | 1,075 | 78 | 221 | ✕ | |||
| Total noncurrent liabilities: | 576 | 1,020 | 1,812 | 318 | 381 | 251 | |||
| Total liabilities: | 7,327 | 12,233 | 20,546 | 10,867 | 7,467 | 3,682 | |||
| Equity | |||||||||
| Equity, attributable to parent | 40,281 | 39,694 | 28,621 | 15,370 | 10,722 | 9,054 | |||
| Preferred stock | 3 | 3 | 3 | 3 | 3 | 3 | |||
| Common stock | 131 | 130 | 130 | 130 | 130 | 130 | |||
| Additional paid in capital | 10,745 | 10,645 | 9,231 | 8,338 | 8,080 | 7,868 | |||
| Accumulated other comprehensive loss | (1,398) | (1,081) | (779) | (563) | (529) | (609) | |||
| Retained earnings | 30,800 | 29,997 | 20,036 | 7,462 | 3,038 | 1,662 | |||
| Total equity: | 40,281 | 39,694 | 28,621 | 15,370 | 10,722 | 9,054 | |||
| TOTAL LIABILITIES AND EQUITY: | 47,607 | 51,927 | 49,167 | 26,237 | 18,188 | 12,737 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 47,241 | 76,336 | 72,476 | 38,604 | 28,318 | 24,392 | ||
| Cost of revenue | (27,435) | (45,203) | (41,030) | (21,216) | (15,311) | (12,820) | ||
| Gross profit: | 19,806 | 31,133 | 31,446 | 17,389 | 13,007 | 11,572 | ||
| Operating expenses | (18,481) | (18,356) | (15,013) | (11,641) | (11,073) | (10,129) | ||
| Other undisclosed operating income | 94 | 240 | 183 | 89 | 46 | 44 | ||
| Operating income (loss): | 1,418 | 13,017 | 16,616 | 5,836 | 1,981 | 1,487 | ||
| Nonoperating income (expense) | (39) | (14) | (0) | 206 | (38) | 39 | ||
| Income (loss) from continuing operations before income taxes: | 1,379 | 13,003 | 16,616 | 6,042 | 1,942 | 1,526 | ||
| Income tax expense (benefit) | (576) | (3,043) | (4,041) | (1,619) | (567) | (329) | ||
| Income (loss) from continuing operations: | 803 | 9,960 | 12,574 | 4,424 | 1,376 | 1,197 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 12,574 | 4,424 | 1,376 | 1,197 | |
| Net income (loss) available to common stockholders, diluted: | 803 | 9,960 | 12,574 | 4,424 | 1,376 | 1,197 | ||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 803 | 9,960 | 12,574 | 4,424 | 1,376 | 1,197 | ||
| Comprehensive income (loss): | 803 | 9,960 | 12,574 | 4,424 | 1,376 | 1,197 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (317) | (302) | (217) | (34) | 80 | (124) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 486 | 9,659 | 12,358 | 4,390 | 1,456 | 1,073 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.