Leatt Corp

LEAT · Motorcycles, Bicycles & Parts · 6.2M shares · +2%/yr ↑ shares · EDGAR filings ↗

Net buyback after stock comp: -$162K (gross $81K, SBC $243K)

Grade

B71

Niche motorsport protective-gear brand with strong revenue growth and a debt-free balance sheet, but sharp earnings compression.

Revenue growth 40.6% (84th pct), ROA 6.3% (82nd pct), current ratio 4.9 (80th pct), essentially no debt
Patented Leatt-Brace IP and broad safety certifications support a defensible niche

Net income fell sharply (net_income_growth -2.48, 5th pct) — margins compressed even as revenue grew
Related-party IP license with the chairman's entity and heavy China manufacturing concentration

2025-06-30 · $16M2025-09-30 · $14M2025-12-31 · $16M2026-03-31 · $20M

Last 4 quarters · from SEC filings.

Gross margin

44.0%

Operating margin

6.5%

Net margin

5.3%

Return on equity

7.7%

Return on assets

6.3%

ROIC

7.5%

Revenue growth (QoQ)

21.8%

Debt / equity

0.0×

Net debt / EBITDA

-2.4×

Current ratio

4.9×

EBITDA

$5M

Tangible book value

$42M

Cash & investments

$13M

Stock comp / revenue

0.8%

Form	Filed	Period	Accession
8-K	2026-05-13	2026-05-12	0001062993-26-002553 ↗
8-K	2026-05-12	2026-05-12	0001062993-26-002511 ↗
10-Q	2026-05-12	2026-03-31	0001062993-26-002513 ↗
10-K	2026-03-24	2025-12-31	0001062993-26-001584 ↗
8-K	2026-03-24	2026-03-24	0001062993-26-001582 ↗
8-K	2025-11-06	2025-11-06	0001062993-25-016530 ↗
10-Q	2025-11-06	2025-09-30	0001062993-25-016532 ↗
10-Q	2025-08-07	2025-06-30	0001062993-25-013784 ↗
8-K	2025-08-07	2025-08-07	0001062993-25-013782 ↗
8-K	2025-07-03	2025-07-01	0001062993-25-012526 ↗
10-Q	2025-05-14	2025-03-31	0001062993-25-009303 ↗
8-K	2025-05-14	2025-05-14	0001062993-25-009301 ↗