Filing Flows › Tandy Leather Factory (TLF) › How it makes money
How Tandy Leather Factory (TLF) makes money
Tandy Leather Factory (TLF) made $18.0M of revenue in the second quarter 2026 (Q2 2026), +2% from a year earlier. Of every dollar of revenue, 65¢ was left as gross profit, 3¢ was left as operating profit, 2¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q2 2026 | % of revenue |
|---|---|---|
| Revenue | $18.0M | 100.0% |
| Cost of revenue | $6.3M | 35.2% |
| Gross profit | $11.7M | 64.8% |
| Operating expenses | $11.2M | 61.8% |
| Operating profit | $543K | 3.0% |
| Income tax | $213K | 1.2% |
| Net earnings | $409K | 2.3% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 2026 | $18.0M | +2% |
| Q1 2026 | $19.7M | +3% |
| Q4 2025 | $22.3M | +9% |
| Q3 2025 | $17.3M | -0.5% |
| Q2 2025 | $17.8M | +3% |
| Q1 2025 | $19.0M | -1% |
| Q4 2024 | $20.5M | -2% |
From Tandy Leather Factory's 10-Q filed Aug 11, 2026 (on EDGAR).
Questions
How does Tandy Leather Factory make money?
Tandy Leather Factory (TLF) made $18.0M of revenue in the second quarter 2026 (Q2 2026), +2% from a year earlier. Of every dollar of revenue, 65¢ was left as gross profit, 3¢ was left as operating profit, 2¢ was left as net earnings.
What is Tandy Leather Factory's profit margin?
Net earnings were $409K, 2.3% of revenue, in the second quarter 2026; the operating margin was 3.0%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.