Filing Flows › Leatt (LEAT) › Q2 2026 › vs Q1 2026
Leatt (LEAT) Q2 2026 vs Q1 2026 (quarter over quarter)
Leatt's revenue fell $3.1M (-16%) from $19.5M in Q1 2026 to $16.4M in Q2 2026. Gross margin 45.4% against 44.0% (+1.4 pts).
Leatt, Q2 2026: revenue $16.4M (+1% year over year), operating margin 7.0%, net earnings $909K, operating cash flow $2.9M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 45.4% | 44.0% | +1.4 pts |
| Operating margin | 7.0% | 11.9% | -4.9 pts |
| Net margin | 5.5% | 9.1% | -3.5 pts |
| Free cash flow margin | 15.6% | 22.5% | -6.8 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $16.4M | $19.5M | −$3.1M | -16% |
| Gross profit | $7.4M | $8.6M | −$1.1M | -13% |
| Cost of revenue | $9.0M | $10.9M | −$2.0M | -18% |
| Other income, net | $76K | $74K | $2K | +2% |
| Operating profit | $1.2M | $2.3M | −$1.2M | -50% |
| Operating expenses | $6.3M | $6.3M | $26K | +0.4% |
| Pre-tax earnings | $1.2M | $2.4M | −$1.2M | -49% |
| Research & development | $665K | $797K | −$133K | -17% |
| Sales & marketing | $1.4M | $1.1M | $368K | +35% |
| General & admin | $1.3M | $1.2M | $103K | +9% |
| Other operating costs | $2.9M | $3.2M | −$312K | -10% |
| Net earnings | $909K | $1.8M | −$862K | -49% |
| Income tax | $320K | $622K | −$302K | -49% |
| Depreciation & amortization | $284K | $515K | −$230K | -45% |
| Share-based compensation | $140K | $184K | −$44K | -24% |
| Working capital & other | $1.6M | $2.1M | −$526K | -25% |
| Operating cash flow | $2.9M | $4.6M | −$1.7M | -37% |
| Free cash flow (OCF − capex) | $2.6M | $4.4M | −$1.8M | -41% |
| Capital expenditures | $324K | $167K | $157K | +94% |
Questions
How much did Leatt's revenue grow quarter over quarter in Q2 2026?
Leatt's revenue fell $3.1M (-16%) from $19.5M in Q1 2026 to $16.4M in Q2 2026. Gross margin 45.4% against 44.0% (+1.4 pts).