Filing Flows › Tandy Leather Factory (TLF) › Q3 2025
Tandy Leather Factory (TLF) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 10, 2025
Tandy Leather Factory (TLF) reported revenue of $17.3M for the third quarter 2025 (Q3 2025), -0.5% from a year earlier and -3% from the quarter before. Operating margin was -3.9%, net loss $1.4M (7.8% of revenue).
Tandy Leather Factory, Q3 2025: revenue $17.3M (-0.5% year over year), operating margin -3.9%, net loss $1.4M, operating cash flow −$1.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $17.3M | -3% | -0.5% |
| Operating profit | −$678K | -1127% | — |
| Net earnings | −$1.4M | — | — |
| Operating cash flow | −$1.0M | — | — |
What changed
Revenue was $17.3M in Q3 2025, down 1% year over year and down 3% from the previous quarter.
Gross margin was 58.9%, up 1.1 points from a year earlier. Operating costs exceeded revenue by $678K, an operating margin of -3.9%. Operating expenses grew 5% against a revenue fall of 1%. The quarter ended with a net loss of $1.4M, wider than the previous quarter's $199K loss. Net interest and other expense of $1.2M was the main reason.
Operating cash flow was −$1.0M. Non-cash charges added back $127K of share-based compensation. Working capital and other items added $190K. Capital expenditures of $1.9M exceeded it, leaving free cash flow of −$3.0M.
Questions
What was Tandy Leather Factory's revenue in the third quarter 2025?
Tandy Leather Factory (TLF) reported revenue of $17.3M for the third quarter 2025 (Q3 2025), -0.5% from a year earlier and -3% from the quarter before.
Was Tandy Leather Factory profitable in the third quarter 2025?
Operating loss was $678K (-3.9% of revenue) and net loss $1.4M.