Filing Flows › Tandy Leather Factory (TLF) › Q1 2026 › vs Q1 2025
Tandy Leather Factory (TLF) Q1 2026 vs Q1 2025 (year over year)
Tandy Leather Factory's revenue rose $616K (+3%) from $19.0M in Q1 2025 to $19.7M in Q1 2026. Gross margin 61.0% against 56.3% (+4.7 pts).
Tandy Leather Factory, Q1 2026: revenue $19.7M (+3% year over year), operating margin 1.9%, net earnings $222K, operating cash flow $906K. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Gross margin | 61.0% | 56.3% | +4.7 pts |
| Operating margin | 1.9% | 1.4% | +0.5 pts |
| Net margin | 1.1% | 59.8% | -58.7 pts |
| Free cash flow margin | 1.6% | -9.8% | +11.4 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $19.7M | $19.0M | $616K | +3% |
| Gross profit | $12.0M | $10.7M | $1.3M | +12% |
| Cost of revenue | $7.7M | $8.3M | −$659K | -8% |
| Operating profit | $365K | $262K | $103K | +39% |
| Operating expenses | $11.6M | $10.5M | $1.2M | +11% |
| Pre-tax earnings | $368K | $15.6M | −$15.2M | -98% |
| Net earnings | $222K | $11.4M | −$11.2M | -98% |
| Income tax | $146K | $4.2M | −$4.0M | -97% |
| Share-based compensation | $93K | $93K | $0 | 0% |
| Working capital & other | $591K | −$12.0M | $12.6M | — |
| Operating cash flow | $906K | −$536K | $1.4M | — |
| Free cash flow (OCF − capex) | $319K | −$1.9M | $2.2M | — |
| Capital expenditures | $587K | $1.3M | −$744K | -56% |
Questions
How much did Tandy Leather Factory's revenue grow year over year in Q1 2026?
Tandy Leather Factory's revenue rose $616K (+3%) from $19.0M in Q1 2025 to $19.7M in Q1 2026. Gross margin 61.0% against 56.3% (+4.7 pts).