Filing Flows › Tandy Leather Factory (TLF) › Q2 2026
Tandy Leather Factory (TLF) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 11, 2026
Tandy Leather Factory (TLF) reported revenue of $18.0M for the second quarter 2026 (Q2 2026), +2% from a year earlier and -8% from the quarter before. Operating margin was 3.0%, net earnings $409K (2.3% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $18.0M | -8% | +2% |
| Gross profit | $11.7M | -2% | +11% |
| Operating profit | $543K | +49% | +723% |
| Net earnings | $409K | +84% | — |
| Operating cash flow | −$3.3M | -461% | — |
What changed
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.
Questions
What was Tandy Leather Factory's revenue in the second quarter 2026?
Tandy Leather Factory (TLF) reported revenue of $18.0M for the second quarter 2026 (Q2 2026), +2% from a year earlier and -8% from the quarter before.
Was Tandy Leather Factory profitable in the second quarter 2026?
Operating profit was $543K (3.0% of revenue) and net earnings $409K.