Filing Flows › Leatt (LEAT) › Q2 2026
Leatt (LEAT) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 14, 2026
Leatt (LEAT) reported revenue of $16.4M for the second quarter 2026 (Q2 2026), +1% from a year earlier and -16% from the quarter before. Operating margin was 7.0%, net earnings $909K (5.5% of revenue).
Leatt, Q2 2026: revenue $16.4M (+1% year over year), operating margin 7.0%, net earnings $909K, operating cash flow $2.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $16.4M | -16% | +1% |
| Gross profit | $7.4M | -13% | +8% |
| Operating profit | $1.2M | -50% | -18% |
| Net earnings | $909K | -49% | -20% |
| Operating cash flow | $2.9M | -37% | -14% |
| Free cash flow | $2.6M | -41% | -20% |
What changed
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.
Questions
What was Leatt's revenue in the second quarter 2026?
Leatt (LEAT) reported revenue of $16.4M for the second quarter 2026 (Q2 2026), +1% from a year earlier and -16% from the quarter before.
Was Leatt profitable in the second quarter 2026?
Operating profit was $1.2M (7.0% of revenue) and net earnings $909K.
Source: Leatt 10-Q on SEC EDGAR.