Leatt Corp (LEAT) Financial Statements (2026 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)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12,98812,36811,3477,1035,0222,967
Cash and cash equivalent12,98812,36811,3477,1035,0222,967
Restricted cash and investments245     
Receivables8,6396,9367,59312,84012,6617,177
Inventory, net of allowances, customer advances and progress billings20,89817,98920,39222,80521,0819,670
Inventory20,89817,98920,39222,80521,0819,670
Deferred costs   101,017  
Advances on inventory purchases1,1978716651,0471,611805
Other undisclosed current assets3,6343,0032,2982,8784,2372,167
Total current assets:47,60141,16742,30547,69044,61222,786
Noncurrent Assets
Operating lease, right-of-use asset3425538451,0921,393286
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization3,6614,0004,0273,1043,1283,052
Long-term investments and receivables  56310   
Accounts and financing receivable, after allowance for credit loss  56310   
Deposits noncurrent assets  3736413334
Deferred costs  67584   
Deferred income tax assets396     
Other undisclosed noncurrent assets45    79
Total noncurrent assets:4,4455,3225,3024,2374,5553,451
TOTAL ASSETS:52,04646,48947,60751,92749,16726,237
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:8,5966,9075,2026,01114,6188,009
Taxes payable✕✕✕✕✕2,7391,654
Accrued liabilities    3,383  
Other undisclosed accounts payable and accrued liabilities8,5966,9075,2022,62911,8796,355
Debt8047911,3611,2471,142678
Deferred compensation liability    400  
Other liabilities8     
Other undisclosed current liabilities3722231873,5552,9741,862
Total current liabilities:9,7807,9216,75011,21318,73310,549
Noncurrent Liabilities
Long-term debt and lease obligation  2311421,26478
Long-term debt, excluding current maturities  231142189 
Liabilities, other than long-term debt 33301546878549240
Deferred compensation liability, classified     320240
Deferred income tax liabilities    66229 
Operating lease, liability 333015468111,07578
Total noncurrent liabilities: 333035761,0201,812318
Total liabilities:9,8148,2247,32712,23320,54610,867
Equity
Equity, attributable to parent42,23238,26540,28139,69428,62115,370
Preferred stock333333
Common stock131131131130130130
Treasury stock, value(255)     
Additional paid in capital11,47810,98810,74510,6459,2318,338
Accumulated other comprehensive loss(984)(1,452)(1,398)(1,081)(779)(563)
Retained earnings31,85928,59530,80029,99720,0367,462
Total equity:42,23238,26540,28139,69428,62115,370
TOTAL LIABILITIES AND EQUITY:52,04646,48947,60751,92749,16726,237

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues61,90844,02847,24176,33672,47638,604
Cost of revenue(34,686)(26,315)(27,435)(45,203)(41,030)(21,216)
Gross profit:27,22217,71319,80631,13331,44617,389
Operating expenses(23,595)(21,018)(18,481)(18,356)(15,013)(11,641)
Other undisclosed operating income3823279424018389
Operating income (loss):4,009(2,979)1,41813,01716,6165,836
Nonoperating income (expense)397275(39)(14)(0)206
Other undisclosed income from continuing operations before equity method investments, income taxes2     
Income (loss) from continuing operations before equity method investments, income taxes:4,408(2,703)1,37913,00316,6166,042
Other undisclosed loss from continuing operations before income taxes(2)     
Income (loss) from continuing operations before income taxes:4,406(2,703)1,37913,00316,6166,042
Income tax expense (benefit)(1,142)499(576)(3,043)(4,041)(1,619)
Income (loss) from continuing operations:3,264(2,205)8039,96012,5744,424
Income before gain (loss) on sale of properties:✕✕✕✕✕12,5744,424
Net income (loss) available to common stockholders, diluted:3,264(2,205)8039,96012,5744,424

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income (loss):3,264(2,205)8039,96012,5744,424
Comprehensive income (loss):3,264(2,205)8039,96012,5744,424
Other undisclosed comprehensive income (loss), net of tax, attributable to parent469(54)(317)(302)(217)(34)
Comprehensive income (loss), net of tax, attributable to parent:3,733(2,259)4869,65912,3584,390

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.

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