Filing Flows › Tandy Leather Factory (TLF) › Q2 2026 › vs Q1 2026
Tandy Leather Factory (TLF) Q2 2026 vs Q1 2026 (quarter over quarter)
Tandy Leather Factory's revenue fell $1.6M (-8%) from $19.7M in Q1 2026 to $18.0M in Q2 2026. Gross margin 64.8% against 61.0% (+3.8 pts).
Tandy Leather Factory, Q2 2026: revenue $18.0M (+2% year over year), operating margin 3.0%, net earnings $409K, operating cash flow −$3.3M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 64.8% | 61.0% | +3.8 pts |
| Operating margin | 3.0% | 1.9% | +1.2 pts |
| Net margin | 2.3% | 1.1% | +1.1 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $18.0M | $19.7M | −$1.6M | -8% |
| Gross profit | $11.7M | $12.0M | −$298K | -2% |
| Cost of revenue | $6.3M | $7.7M | −$1.3M | -17% |
| Other income, net | $79K | $3K | $76K | 26× |
| Operating profit | $543K | $365K | $178K | +49% |
| Operating expenses | $11.2M | $11.6M | −$476K | -4% |
| Pre-tax earnings | $622K | $368K | $254K | +69% |
| Net earnings | $409K | $222K | $187K | +84% |
| Income tax | $213K | $146K | $67K | +46% |
| Operating cash sources | $3.8M | −$591K | $4.4M | — |
| Share-based compensation | $141K | $93K | $48K | +52% |
| Cash used in operations | $3.3M | −$906K | $4.2M | — |
| Working capital & other | $3.8M | −$591K | $4.4M | — |
Questions
How much did Tandy Leather Factory's revenue grow quarter over quarter in Q2 2026?
Tandy Leather Factory's revenue fell $1.6M (-8%) from $19.7M in Q1 2026 to $18.0M in Q2 2026. Gross margin 64.8% against 61.0% (+3.8 pts).