Filing Flows › Leatt (LEAT) › Q1 2026 › vs Q1 2025
Leatt (LEAT) Q1 2026 vs Q1 2025 (year over year)
Leatt's revenue rose $4.1M (+27%) from $15.4M in Q1 2025 to $19.5M in Q1 2026. Gross margin 44.0% against 43.7% (+0.2 pts).
Leatt, Q1 2026: revenue $19.5M (+27% year over year), operating margin 11.9%, net earnings $1.8M, operating cash flow $4.6M. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Gross margin | 44.0% | 43.7% | +0.2 pts |
| Operating margin | 11.9% | 9.3% | +2.6 pts |
| Net margin | 9.1% | 7.3% | +1.8 pts |
| Free cash flow margin | 22.5% | 3.7% | +18.7 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $19.5M | $15.4M | $4.1M | +27% |
| Gross profit | $8.6M | $6.7M | $1.9M | +28% |
| Cost of revenue | $10.9M | $8.6M | $2.3M | +26% |
| Other income, net | $74K | $82K | −$8K | -9% |
| Operating profit | $2.3M | $1.4M | $889K | +62% |
| Operating expenses | $6.3M | $5.3M | $965K | +18% |
| Pre-tax earnings | $2.4M | $1.5M | $881K | +58% |
| Research & development | $797K | $664K | $133K | +20% |
| Sales & marketing | $1.1M | $892K | $169K | +19% |
| General & admin | $1.2M | $1.0M | $198K | +20% |
| Other operating costs | $3.2M | $2.7M | $465K | +17% |
| Net earnings | $1.8M | $1.1M | $650K | +58% |
| Income tax | $622K | $390K | $232K | +59% |
| Depreciation & amortization | $515K | $327K | $188K | +57% |
| Share-based compensation | $184K | $121K | $63K | +53% |
| Working capital & other | $2.1M | −$801K | $2.9M | — |
| Operating cash flow | $4.6M | $768K | $3.8M | +492% |
| Free cash flow (OCF − capex) | $4.4M | $572K | $3.8M | +666% |
| Capital expenditures | $167K | $196K | −$29K | -15% |
Questions
How much did Leatt's revenue grow year over year in Q1 2026?
Leatt's revenue rose $4.1M (+27%) from $15.4M in Q1 2025 to $19.5M in Q1 2026. Gross margin 44.0% against 43.7% (+0.2 pts).