Quarterly ResultMay 12, 2026, 08:07 AM
Leatt Corp Q1 Revenue +27% to $19.51M; Net Income +58% to $1.77M
AI Summary
Leatt Corp announced strong financial results for the first quarter ended March 31, 2026. Total revenues increased by 27% to $19.51 million, and net income surged by 58% to $1.77 million compared to the prior year. The company experienced robust growth across all major product categories and significant increases in consumer direct sales, driven by strong global demand and domestic market traction.
Key Highlights
- Total revenues for Q1 2026 increased 27% to $19.51 million.
- Net income for Q1 2026 rose 58% to $1.77 million.
- Basic EPS was $0.28 and diluted EPS was $0.27 for the quarter.
- Cash, cash equivalents, and restricted cash increased 30% to $17.19 million.
- Cash flow generated by operations was $4.55 million.
- Consumer direct sales increased 49% year-over-year.
- Helmet revenues grew 59%, and body armor revenues increased 25%.
- Gross profit margin remained stable at 44% of sales.