For the year ending 2025-12-31, LEAT made $61,907,914 in revenue. $3,732,617 in net income. Net profit margin of 6.03%.
| Income Statement | 2025-12-31 | 2024-12-31 | ||
|---|---|---|---|---|
| Revenues | 61,907,914 | 44,027,942 | ||
| Cost of revenues | 34,685,970 | 26,314,945 | ||
| Gross profit | 27,221,944 | 17,712,997 | ||
| Product royalty income | 381,757 | 326,614 | ||
| Salaries and wages | 7,917,387 | 7,140,550 | ||
| Commissions and consulting expenses | 764,602 | 535,584 | ||
| Professional fees | 853,065 | 627,659 | ||
| Office rent and expenses | - | 702,785 | ||
| Advertising and marketing | 4,563,919 | 4,454,906 | ||
| Operating lease, cost | 923,839 | - | ||
| Research and development costs | 2,704,071 | 2,523,881 | ||
| Bad debt expense (recovery) | -65,923 | -76,278 | ||
| General and administrative expenses | 4,372,333 | 3,879,553 | ||
| Depreciation | 1,327,190 | 1,229,847 | ||
| Impairment charge | 234,224 | - | ||
| Total operating expenses | 23,594,707 | 21,018,487 | ||
| Income from operations | 4,008,994 | -2,978,876 | ||
| Interest income (expense), operating | 397,000 | 275,413 | ||
| Total other expenses | 397,000 | 275,413 | ||
| Income (loss) from continuing operations before income taxes, noncontrolling interest | 4,405,994 | -2,703,463 | ||
| Provision for (benefit from) income taxes | 1,142,072 | -498,799 | ||
| Net income (loss) | 3,263,922 | -2,204,664 | ||
| Foreign currency translation | 468,695 | -54,077 | ||
| Total comprehensive income (loss) | 3,732,617 | -2,258,741 | ||
| Basic EPS | 0.53 | -0.35 | ||
| Diluted EPS | 0.51 | -0.34 | ||
| Basic Average Shares | 6,214,861 | 6,215,619 | ||
| Diluted Average Shares | 6,447,385 | 6,471,072 | ||
Leatt Corp (LEAT)
Leatt Corp (LEAT)