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Leatt (LEAT) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 14, 2026 · Leatt (LEAT) Q2 2026 earnings results →
Q2 2026 Revenue up 1% year over year to $16.4M · 6¢ of every $1 of revenue kept as net profit · operating margin 7.0%
Leatt made $16.4M in Q2 2026 (+1% Y/Y). Operating margin 7.0%, net earnings $909K. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 14, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $16.4M in Q2 2026, up 1% year over year and down 16% from the previous quarter.
Gross margin was 45.4%, up 2.8 points from Q2 2025. Operating profit was $1.2M, a 7.0% margin (down 1.6 points year over year). Operating profit fell $247K even though revenue rose $215K versus Q2 2025, so costs grew faster than sales. Operating expenses grew 14% against revenue growth of 1%. The fastest-growing cost line was Sales & marketing (+24%). Net earnings were $909K, down 20% year over year. The effective tax rate was 26.0%.
Operating cash flow was $2.9M (down 14% year over year), 318% of net earnings. Non-cash charges added back $284K of depreciation and amortization and $140K of share-based compensation. Working capital and other items added $1.6M. Capital expenditures of $324K left free cash flow of $2.6M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 14, 2026 | $16.4M | +1% | 7.0% | $909K | $2.9M |
| Q1 2026 | 10-Q | May 12, 2026 | $19.5M | +27% | 11.9% | $1.8M | $4.6M |
| Q4 2025 | 10-K | Mar 24, 2026 | $16.0M | +43% | 3.4% | $465K | $361K |
| Q3 2025 | 10-Q | Nov 6, 2025 | $14.3M | +18% | 4.4% | $539K | −$2.7M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $16.2M | +60% | 8.7% | $1.1M | $3.3M |
| Q1 2025 | 10-Q | May 14, 2025 | $15.4M | +45% | 9.3% | $1.1M | $768K |
| Q4 2024 | 10-K | Mar 28, 2025 | $11.2M | +14% | -9.7% | −$446K | −$183K |
Charts
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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⚖️Fair value by methodinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Leatt
We were incorporated in the State of Nevada on March 11, 2005, under the name Treadzone, Inc. We were a shell company with little or no operations until March 1, 2006, when we acquired the exclusive global manufacturing, distribution, sale and use rights to the Leatt-Brace®, pursuant to a license agreement between the Company and Xceed Holdings, a company controlled by the Company's Chairman and founder, Dr. Christopher Leatt. On May 25, 2005, we changed our name to Leatt Corporation in connection with our anticipated acquisition of the Leatt-Brace® rights. Leatt designs, develops, markets and distributes personal protective equipment for participants in all forms of motor sports and leisure activities, including riders of motorcycles, bicycles, snowmobiles and ATVs. The Company sells its products to customers worldwide through a global network of distributors and retailers.
In its own words, from its 10-K, filed Mar 24, 2026.
Leatt against its Motorcycles, Bicycles & Parts peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +1% against the peers' median +1%. Operating margin: 7.0% against the peers' median 3.4%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| LEAT Leatt | Q2 2026 | $16.4M | +1% | 7.0% |
| HOG Harley-Davidson | Q3 2026 | $1.1B | -19% | 3.4% |
| FOXF Fox Factory Holding | Q3 2026 | $338M | -10% | -29.1% |
| LVWR LiveWire Group | Q3 2026 | $7.9M | +38% | -222.7% |
Source: Leatt 10-Q on SEC EDGAR · CIK 1456189 · Motorcycles, Bicycles & Parts
More on LEAT
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results