Leatt Corp (LEAT)
Leatt Corporation designs, develops, markets, and distributes personal protective equipment for participants of motor sports and leisure activities. The company offers a Leatt-Brace system, an injection molded neck protection system designed to prevent injuries to the cervical spine, as well as helmets, body armor, and apparel. Its products are used by riders of motorcycles, bicycles, snowmobiles, and ATVs and are sold globally through a network of distributors and retailers.
Sector: Motorcycles, Bicycles & Parts
Industry: Leisure
Leatt Corporation
OTC:LEATConsumer Cyclical · Auto - Parts
-5.69%$9.95
Mkt Cap$61.98M
Float5.94M
O/S6.23M
Inst Own-
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$61.91M
Net Income$3.26M
Total Assets$52.05M
Free Cash Flow$726K
Debt & Equity
Debt 3%
Equity 97%
Preferred 0%
Total Debt$1.14M
Total Equity$42.23M
Preferred Stock$3K
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:25Reverse splitOct 1, 201225 shares → 1
Balance Sheet Details
Assets$52.05M
Liabilities$9.81M
Accounts Receivable$8.64M
Accounts Payable$8.6M
Inventory$22.09M
PP&E (Net)$4M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 |
| Revenue | $61.91M | $44.03M | $47.24M | $76.34M | $72.48M | $38.6M | $28.32M | $24.39M | $20.14M | $16.52M | $18.53M | $18.46M | $15.85M | $16.84M | $17.98M |
| YoY Growth | 40.6% | -6.8% | -38.1% | 5.3% | 87.7% | 36.3% | 16.1% | 21.1% | 21.9% | -10.8% | 0.4% | 16.5% | -5.9% | -6.3% | - |
| Cost of Revenue | $34.69M | $26.31M | $27.44M | $45.2M | $41.03M | $21.22M | $15.31M | $12.82M | $10.67M | $8.18M | $8.74M | $8.64M | $7.16M | $7.67M | $7.47M |
| Gross Profit | $27.22M | $17.71M | $19.81M | $31.13M | $31.45M | $17.39M | $13.01M | $11.57M | $9.47M | $8.34M | $9.78M | $9.82M | $8.69M | $9.17M | $10.51M |
| Gross Margin | 44.0% | 40.2% | 41.9% | 40.8% | 43.4% | 45.0% | 45.9% | 47.4% | 47.0% | 50.5% | 52.8% | 53.2% | 54.8% | 54.5% | 58.5% |
| Research and Development | $2.7M | $2.52M | $2.53M | $2.18M | $1.83M | $1.52M | $1.49M | $1.41M | $1.36M | $1.44M | $1.18M | $1.22M | $1.17M | $1.11M | $1.22M |
| Selling, General, and Administrative | $9.79M | $17.34M | $14.78M | $14.6M | $11.94M | $9.21M | $8.58M | $7.9M | $7.44M | $7.16M | $7.18M | $7.77M | $7.75M | $7.84M | $7.7M |
| Other | $11.1M | $827K | $1.08M | $1.33M | $1.07M | $743K | $714K | $652K | $379K | $472K | $495K | $305K | $334K | $421K | $398K |
| Total Operating Expenses | $23.59M | $20.69M | $18.39M | $18.12M | $14.83M | $11.48M | $10.78M | $9.96M | $9.18M | $9.07M | $8.86M | $9.11M | $9.26M | $9.36M | $9.32M |
| Operating Income (EBIT) | $3.86M | -$2.98M | $1.42M | $12.78M | $16.43M | $5.84M | $1.98M | $1.49M | $226K | -$732K | $928K | $641K | -$567K | $66K | $859K |
| Operating Margin | 6.2% | -6.8% | 3.0% | 16.7% | 22.7% | 15.1% | 7.0% | 6.1% | 1.1% | -4.4% | 5.0% | 3.5% | -3.6% | 0.4% | 4.8% |
| Interest Expense | $0 | $0 | $39K | $14K | $163 | $5K | $38K | $204K | $9K | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $397K | $275K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $98K | $32K | $11K | $20K | $61K | $23K |
| Other Income (Expense) | $545K | $275K | -$39K | $226K | $183K | $206K | -$38K | $39K | -$9K | $98K | $32K | $11K | $20K | $61K | $23K |
| Income Before Tax (EBT) | $4.41M | -$2.7M | $1.38M | $13M | $16.62M | $6.04M | $1.94M | $1.53M | $216K | -$634K | $961K | $652K | -$547K | $126K | $882K |
| Income Tax Expense | $1.14M | -$499K | $576K | $3.04M | $4.04M | $1.62M | $567K | $329K | -$21K | -$179K | $386K | $234K | -$172K | $48K | $117K |
| Net Income | $3.26M | -$2.2M | $803K | $9.96M | $12.57M | $4.42M | $1.38M | $1.2M | $237K | -$455K | $575K | $418K | -$375K | $79K | $764K |
| Net Income Margin | 5.3% | -5.0% | 1.7% | 13.0% | 17.3% | 11.5% | 4.9% | 4.9% | 1.2% | -2.8% | 3.1% | 2.3% | -2.4% | 0.5% | 4.3% |
| Supplementary Data | |||||||||||||||
| EPS | 0.53 | -0.35 | 0.13 | 1.71 | 2.29 | 0.82 | 0.26 | 0.22 | 0.04 | -0.09 | 0.11 | 0.08 | -0.07 | 0.01 | 0.15 |
| Diluted EPS | 0.51 | -0.35 | 0.13 | 1.62 | 2.07 | 0.74 | 0.25 | 0.22 | 0.04 | -0.08 | 0.11 | 0.08 | -0.07 | 0.01 | 0.15 |
| Weighted Average OS | 6.21M | 6.22M | 5.99M | 5.82M | 6.07M | 5.98M | 5.39M | 5.37M | 5.37M | 5.31M | 5.22M | 5.20M | 5.20M | 5.20M | 5.21M |
| EBITDA | $5.19M | -$1.83M | $2.58M | $14.59M | $17.86M | $6.74M | $2.78M | $2.21M | $702K | -$225K | $1.3M | $946K | -$233K | $547K | $1.58M |
| EBITDA Margin | 8.4% | -4.1% | 5.5% | 19.1% | 24.6% | 17.5% | 9.8% | 9.1% | 3.5% | -1.4% | 7.0% | 5.1% | -1.5% | 3.2% | 8.8% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 |
| Assets | |||||||||||||||
| Current Assets | |||||||||||||||
| Cash and Cash Equivalents | $12.99M | $12.37M | $11.35M | $7.1M | $5.02M | $2.97M | $2.07M | $1.71M | $1.52M | $1.1M | $1.05M | $725K | $835K | $668K | $1.08M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $58K | $58K | $58K | $58K | $58K | $58K | $58K | $58K | $58K | $311K | $310K |
| Cash and Short-Term Investments | $12.99M | $12.37M | $11.35M | $7.1M | $5.08M | $3.03M | $2.13M | $1.77M | $1.58M | $1.16M | $1.11M | $783K | $893K | $979K | $1.4M |
| Accounts Receivable | $8.64M | $6.94M | $7.59M | $12.84M | $12.66M | $7.18M | $2.96M | $2.05M | $2.55M | $2.3M | $2.9M | $4.26M | $3.14M | $3.53M | $2.99M |
| Inventory | $22.09M | $17.99M | $20.39M | $22.81M | $21.08M | $9.67M | $8.66M | $4.82M | $5.03M | $4.58M | $4.24M | $3.4M | $3.26M | $3.77M | $3.68M |
| Other Current Assets | $2.68M | $3M | $2.31M | $2.06M | $4.18M | $2.11M | $1.13M | $1.25M | $847K | $847K | $1.19M | $1.1M | $1.2M | $921K | $873K |
| Total Current Assets | $47.6M | $41.17M | $42.3M | $47.69M | $44.61M | $22.79M | $15.32M | $10.35M | $10.57M | $9.46M | $9.65M | $9.9M | $8.64M | $9.37M | $9.12M |
| Long-Term Assets | |||||||||||||||
| Property, Plant & Equipment Net | $4M | $4.55M | $4.87M | $4.2M | $4.52M | $3.34M | $2.84M | $2.32M | $2.11M | $1.19M | $1.31M | $996K | $892K | $1.13M | $1.37M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $40K | $76K | $69K | $61K | $81K | $90K | $111K | $2.99M |
| Long-Term Investments | $0 | $56K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $90K | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $396K | $675K | $84K | $0 | $0 | $79K | $0 | $0 | $0 | $108K | -$90K | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $45K | $37K | $346K | $41K | $33K | $34K | $27K | $25K | $26K | $25K | $106K | $228K | $349K | $44K | $34K |
| Total Long-Term Assets | $4.44M | $5.32M | $5.3M | $4.24M | $4.55M | $3.45M | $2.87M | $2.38M | $2.22M | $1.39M | $1.48M | $1.3M | $1.33M | $1.28M | $1.52M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $52.05M | $46.49M | $47.61M | $51.93M | $49.17M | $26.24M | $18.19M | $12.74M | $12.79M | $10.85M | $11.13M | $11.2M | $9.97M | $10.66M | $10.64M |
| Liabilities | |||||||||||||||
| Current Liabilities | |||||||||||||||
| Accounts Payable | $8.6M | $6.91M | $5.2M | $6.01M | $14.62M | $8.01M | $5.43M | $2.78M | $4.43M | $3.02M | $2.56M | $2.98M | $2.08M | $2M | $2.17M |
| Short-Term Debt | $802K | $763K | $1.25M | $1.14M | $1.06M | $678K | $876K | $582K | $518K | $543K | $659K | $626K | $834K | $838K | $617K |
| Current Income Tax Payable | $0 | $0 | $0 | $3.38M | $2.74M | $1.65M | $593K | $70K | $0 | $0 | $385K | $331K | $0 | $115K | $148K |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $265 |
| Other Current Liabilities | $74K | $0 | $0 | $3.38M | $0 | $0 | $593K | $70K | $0 | $0 | $385K | $331K | $0 | $0 | $0 |
| Total Current Liabilities | $9.78M | $7.92M | $6.75M | $11.21M | $18.73M | $10.55M | $7.09M | $3.43M | $4.95M | $3.56M | $3.6M | $3.94M | $2.91M | $2.95M | $2.94M |
| Long-Term Liabilities | |||||||||||||||
| Long-Term Debt | $0 | $2K | $31K | $142K | $189K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $66K | $229K | $0 | $0 | $171K | $38K | $65K | $73K | $88K | $41K | $38K | $100K |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $320K | $240K | $160K | $80K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $33K | $303K | $576K | $1.02M | $1.81M | $318K | $381K | $251K | $38K | $65K | $73K | $88K | $41K | $38K | $100K |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $9.81M | $8.22M | $7.33M | $12.23M | $20.55M | $10.87M | $7.47M | $3.68M | $4.99M | $3.63M | $3.68M | $4.03M | $2.95M | $2.99M | $3.04M |
| Stockholders' Equity | |||||||||||||||
| Preferred Stock | $3K | $3K | $3K | $3K | $3K | $3K | $3K | $3K | $3K | $3K | $3K | $3K | $3K | $3K | $3K |
| Common Stock | $131K | $131K | $131K | $130K | $130K | $130K | $130K | $130K | $130K | $130K | $130K | $130K | $130K | $130K | $130K |
| Retained Earnings | $31.86M | $28.6M | $30.8M | $30M | $20.04M | $7.46M | $3.04M | $1.66M | $465K | $228K | $683K | $108K | -$310K | $65K | -$13K |
| Comprehensive Income & Other | -$984K | -$1.45M | -$1.4M | -$1.08M | -$779K | -$563K | -$529K | -$609K | -$485K | -$610K | -$710K | -$378K | -$112K | $164K | $200K |
| Other Stockholders' Equity | $10.24M | $9.54M | $9.35M | $9.57M | $8.45M | $7.78M | $7.55M | $7.26M | $7.21M | $6.86M | $6.64M | $6.94M | $7.2M | $7.47M | $7.49M |
| Total Equity | $42.23M | $38.26M | $40.28M | $39.69M | $28.62M | $15.37M | $10.72M | $9.05M | $7.8M | $7.22M | $7.45M | $7.18M | $7.02M | $7.66M | $7.61M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $52.05M | $46.49M | $47.61M | $51.93M | $49.17M | $26.24M | $18.19M | $12.74M | $12.79M | $10.85M | $11.13M | $11.2M | $9.97M | $10.66M | $10.64M |
| Supplementary Data | |||||||||||||||
| Total Debt | $1.14M | $1.32M | $2.12M | $2.37M | $2.64M | $964K | $1.29M | $582K | $518K | $543K | $659K | $626K | $834K | $838K | $617K |
| Net Debt | -$11.84M | -$11.05M | -$9.22M | -$4.73M | -$2.38M | -$2M | -$784K | -$1.13M | -$1M | -$560K | -$396K | -$99K | -$1K | $170K | -$468K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 |
| Operating Activities | |||||||||||||||
| Net Income | $3.26M | -$2.2M | $803K | $9.96M | $12.57M | $4.42M | $1.38M | $1.2M | $237K | -$455K | $575K | $418K | -$375K | $79K | $764K |
| Depreciation & Amortization | $1.33M | $1.23M | $1.17M | $1.1M | $1.03M | $832K | $760K | $696K | $477K | $410K | $371K | $305K | $334K | $421K | $398K |
| Deferred Income Tax | $279K | -$597K | -$249K | -$57K | $307K | -$79K | -$171K | $133K | $81K | -$900 | -$22K | $50K | -$60K | -$62K | -$5K |
| Stock-Based Compensation | $490K | $243K | $100K | $1.16M | $867K | $242K | $197K | $181K | $218K | $157K | $1K | $7K | $5K | $15K | $0 |
| Changes in Working Capital: | |||||||||||||||
| Accounts Receivable | -$1.35M | $1.1M | $4.99M | -$631K | -$5.68M | -$4.21M | -$928K | $373K | -$187K | $714K | $1.31M | -$1.14M | $400K | -$547K | -$182K |
| Inventory | -$2.86M | $2.1M | $2.29M | -$1.71M | -$11.41M | -$1.02M | -$3.87M | $194K | -$348K | -$343K | -$836K | -$175K | $380K | -$92K | -$922K |
| Accounts Payable | $1.65M | $1.7M | -$809K | -$8.61M | $6.61M | $2.6M | $2.65M | -$1.65M | $1.41M | $461K | -$420K | $904K | $76K | -$171K | $430K |
| Other Working Capital | -$965K | -$897K | -$1.71M | $1.46M | -$1.71M | -$286K | $745K | -$27K | -$44K | -$525K | $261K | $325K | -$614K | -$82K | $44K |
| Total Working Capital Change | -$3.52M | $4M | $4.76M | -$9.49M | -$12.19M | -$2.92M | -$1.4M | -$1.11M | $833K | $308K | $315K | -$90K | $242K | -$891K | -$630K |
| Other Non-Cash Items | -$31K | $121K | $66K | $418K | $194K | -$148K | $86K | $47K | -$127K | -$98K | $79 | $70K | $110K | $75 | $28K |
| Net Cash from Operating | $1.81M | $2.79M | $6.66M | $3.09M | $2.78M | $2.35M | $846K | $1.14M | $1.72M | $320K | $1.24M | $759K | $256K | -$438K | $556K |
| Investing Activities | |||||||||||||||
| Capital Expenditures | -$1.08M | -$1.23M | -$2M | -$1.14M | -$1.14M | -$1.48M | -$874K | -$978K | -$1.36M | -$239K | -$814K | -$463K | -$255K | -$213K | -$478K |
| Acquisitions | $29K | $0 | $0 | $43K | $2K | $26K | $11K | $1K | $3K | $0 | $33K | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | -$102K | -$5 | -$18 | -$7 | -$11 | -$25 | -$24 | -$19 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $58K | -$2K | -$26K | -$11K | -$1K | -$3K | $0 | -$33K | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $1K | $3K | $102K | $2K | $26K | $11K | $1K | $3K | -$24 | $33K | $7K | $276K | $7K | $19K |
| Net Cash from Investing | -$1.05M | -$1.23M | -$2M | -$1.04M | -$1.14M | -$1.45M | -$863K | -$977K | -$1.36M | -$239K | -$781K | -$456K | $21K | -$206K | -$459K |
| Financing Activities | |||||||||||||||
| Debt Repaid | $29K | $113K | $107K | $22K | -$273K | $89K | - | -$64K | - | - | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $100K | $256K | $26K | $0 | $15K | $0 | $0 | $39K | $31K | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$255K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$81K |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $294K | $0 | -$24K | -$116K | $0 | -$208K | -$4K | $0 | $0 |
| Net Cash from Financing | -$218K | -$515K | -$1K | $289K | $596K | $12K | $309K | $64K | -$24K | -$77K | $64K | -$208K | -$4K | $221K | -$96K |
| Forex Effect | $328K | -$29K | -$415K | -$253K | -$186K | -$13K | $71K | -$34K | $79K | $45K | -$193K | -$206K | -$106K | $7K | -$152K |
| Net Change in Cash | $865K | $1.02M | $4.24M | $2.08M | $2.06M | $894K | $363K | $192K | $415K | $48K | $330K | -$110K | $167K | -$417K | -$150K |
| Supplementary Data | |||||||||||||||
| Operating Cash Flow | $1.81M | $2.79M | $6.66M | $3.09M | $2.78M | $2.35M | $846K | $1.14M | $1.72M | $320K | $1.24M | $759K | $256K | -$438K | $556K |
| Capital Expenditure | -$1.08M | -$1.23M | -$2M | -$1.14M | -$1.14M | -$1.48M | -$874K | -$978K | -$1.36M | -$239K | -$814K | -$463K | -$255K | -$213K | -$478K |
| Free Cash Flow | $726K | $1.56M | $4.66M | $1.94M | $1.64M | $870K | -$28K | $161K | $357K | $81K | $426K | $296K | $475 | -$651K | $78K |
| Cash at Beginning | $12.37M | $11.35M | $7.1M | $5.02M | $2.97M | $2.07M | $1.71M | $1.52M | $1.1M | $1.05M | $725K | $835K | $668K | $1.08M | $1.24M |
| Cash at End | $13.23M | $12.37M | $11.35M | $7.1M | $5.02M | $2.97M | $2.07M | $1.71M | $1.52M | $1.1M | $1.05M | $725K | $835K | $668K | $1.08M |