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Tandy Leather Factory (TLF) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 11, 2026 · Tandy Leather Factory (TLF) Q2 2026 earnings results →
Q2 2026 Revenue up 2% year over year to $18.0M · 2¢ of every $1 of revenue kept as net profit · operating margin 3.0%
Tandy Leather Factory made $18.0M in Q2 2026 (+2% Y/Y). Operating margin 3.0%, net earnings $409K. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 11, 2026.
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What changed this quarter
Revenue was $18.0M in Q2 2026, up 2% year over year and down 8% from the previous quarter.
Gross margin was 64.8%, up 5.3 points from Q2 2025. Operating profit was $543K, a 3.0% margin (up 2.6 points year over year). Of the extra revenue versus Q2 2025, 176% reached operating profit, above the 0% margin then. Operating expenses grew 6% against revenue growth of 2%. Net earnings were $409K. The effective tax rate was 34.2%.
Operating cash flow was −$3.3M. Non-cash charges added back $141K of share-based compensation. Working capital and other items used $3.8M. Capital expenditures of $415K exceeded it, leaving free cash flow of −$3.7M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 11, 2026 | $18.0M | +2% | 3.0% | $409K | −$3.3M |
| Q1 2026 | 10-Q | May 11, 2026 | $19.7M | +3% | 1.9% | $222K | $906K |
| Q4 2025 | 10-K | Feb 24, 2026 | $22.3M | +9% | -2.8% | −$930K | $5.0M |
| Q3 2025 | 10-Q | Nov 10, 2025 | $17.3M | -0.5% | -3.9% | −$1.4M | −$1.0M |
| Q2 2025 | 10-Q | Aug 12, 2025 | $17.8M | +3% | 0.4% | −$199K | −$4.0M |
| Q1 2025 | 10-Q | May 12, 2025 | $19.0M | -1% | 1.4% | $12.7M | −$536K |
| Q4 2024 | 10-K | Feb 26, 2025 | $20.5M | -2% | 0.9% | $332K | $4.5M |
Charts
Interactive views
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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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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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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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Tandy Leather Factory against its Leather & Leather Products peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +2% against the peers' median +2%. Operating margin: 3.0% against the peers' median 5.8%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| TLF Tandy Leather Factory | Q2 2026 | $18.0M | +2% | 3.0% |
| TPR Tapestry | Q1 FY27 | $1.9B | +11% | 22.4% |
| CPRI Capri Holdings | Q2 FY27 | $809M | -6% | 1.2% |
| VRA Vera Bradley | Q2 FY27 | $71.6M | +1% | 5.8% |
Source: Tandy Leather Factory 10-Q on SEC EDGAR · CIK 909724 · Leather & Leather Products
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History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results