Filing Flows › Tandy Leather Factory (TLF) › Q2 2025
Tandy Leather Factory (TLF) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 12, 2025
Tandy Leather Factory (TLF) reported revenue of $17.8M for the second quarter 2025 (Q2 2025), +3% from a year earlier and -7% from the quarter before. Operating margin was 0.4%, net loss $199K (1.1% of revenue).
Tandy Leather Factory, Q2 2025: revenue $17.8M (+3% year over year), operating margin 0.4%, net loss $199K, operating cash flow −$4.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $17.8M | -7% | +3% |
| Operating profit | $66K | -75% | — |
| Net earnings | −$199K | -102% | — |
| Operating cash flow | −$4.0M | — | — |
What changed
Revenue was $17.8M in Q2 2025, up 3% year over year and down 7% from the previous quarter.
Gross margin was 59.5%, up 1.5 points from a year earlier. Operating profit was $66K, a 0.4% margin (unchanged year over year). Of the extra revenue versus a year earlier, 1% reached operating profit, above the 0% margin then. Operating expenses grew 6% against revenue growth of 3%. The quarter ended with a net loss of $199K, after a profit of $12.7M the previous quarter. Net interest and other expense of $246K was the main reason.
Operating cash flow was −$4.0M. Non-cash charges added back $118K of share-based compensation. Working capital and other items used $3.9M. Capital expenditures of $3.3M exceeded it, leaving free cash flow of −$7.3M.
Questions
What was Tandy Leather Factory's revenue in the second quarter 2025?
Tandy Leather Factory (TLF) reported revenue of $17.8M for the second quarter 2025 (Q2 2025), +3% from a year earlier and -7% from the quarter before.
Was Tandy Leather Factory profitable in the second quarter 2025?
Operating profit was $66K (0.4% of revenue) and net loss $199K.