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Research & education only — not financial advice. EDGAR is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates — see Disclosures. Do your own research.

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Home›Stocks›LEAT

LEAT

Leatt Corp

Next earnings Aug 5, 2026

Last earnings +18.5% on 2026-05-12

Buy
$12.05
▲ 0.00%
$12.05▲ +45.18%
over 1Y
L $8.30EODHDH $13.49
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+0.0%
1W+0.4%
1M+1.5%
3M+29.6%
YTD+29.4%
1Y+45.2%
OverviewFinancialsValuationQualityTimelineFilings
Rating
Buy
Quality
B+
Valuation
Undervalued
Filings
Clean
Buy
Conviction
Horizon
Medium (3–12mo)

Revenue grew 40.6% YoY.

The read

Quality fundamentals and an attractive price line up (~58% below fair value) — the rarer case where both the business and the entry look good.

Leatt Corp shows $61.9M in FY2025 revenue (+40.6% YoY), a 5.3% net margin, and 7.7% ROE.

Financials · annual, by fiscal year

Line itemFY21FY22FY23FY24FY25
Revenue$72.5M$76.3M$47.2M$44.0M$61.9M
Gross profit$31.4M$31.1M$19.8M$17.7M$27.2M
Operating income$16.6M$13.0M$1.42M-$2.98M$4.01M
Net income$12.6M$9.96M$803K-$2.20M$3.26M
Diluted EPS$2.07$1.62$0.13-$0.34$0.51
Net margin17.3%13.0%1.7%-5.0%5.3%

Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.

Key statistics

Valuation

Enterprise value$63.0M
EV / EBITDA11.8
EV / Sales1.0
EV / FCF86.8
P / FCF103.5
PEG (trailing)0.10
Earnings yield4.3%
FCF yield1.0%

Quality & risk

ROIC (est.)7.4%
Free cash flow$726K
Total debt$802K
Net cash$12.2M
Altman Z-Score7.77 safe
Piotroski F-Score6/9

Capital returns

Buyback yield0.0%
Dividend yield (est.)—
Shareholder yield0.0%
Shares Δ YoY+0.3%

Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.

Disclosure timeline

SEC · 8-Ks + reports
Routine disclosure cadence — no material red flags in recent filings.
  1. 8-K Other event2026-05-13
  2. 8-K Earnings results2026-05-12
  3. 10-Q Quarterly report2026-05-12
  4. 8-K Earnings results2026-03-24
  5. 10-K Annual report2026-03-24
  6. 8-K Earnings results2025-11-06
  7. 10-Q Quarterly report2025-11-06
  8. 8-K Earnings results2025-08-07
  9. 10-Q Quarterly report2025-08-07

Recent filings

all on EDGAR ↗
8-KPeriod ending 2026-05-122026-05-13open ↗10-QPeriod ending 2026-03-312026-05-12open ↗8-KPeriod ending 2026-05-122026-05-12open ↗10-KPeriod ending 2025-12-312026-03-24open ↗8-KPeriod ending 2026-03-242026-03-24open ↗10-QPeriod ending 2025-09-302025-11-06open ↗8-KPeriod ending 2025-11-062025-11-06open ↗10-QPeriod ending 2025-06-302025-08-07open ↗8-KPeriod ending 2025-08-072025-08-07open ↗8-KPeriod ending 2025-07-012025-07-03open ↗DEFA14AFiling2025-05-20open ↗DEF 14APeriod ending 2025-07-012025-05-19open ↗

Quality score

B+
ValueGrowthProfitHealthMom.
ValueB+
GrowthA+
ProfitabilityC
Financial healthA
Momentum—
  • ✓Revenue growing year-over-year
  • ✓Profitable (positive net income)
  • ✗Net margin above 10%
  • ✗Return on equity above 15%
  • ✓Liabilities below 2× equity
  • ✓P/E below 25

Fair value est.

$19.05

Undervalued +58% vs price

cheapfair valueexpensive

Modified Graham: EPS $0.51 × (8.5 + 1.5 × 22.0% growth) × 0.90 quality = 37.4× multiple. An estimate, not a price target.

Revenue
$61.9M
+40.6% YoY
Net margin
5.3%
ROE
7.7%
P/E
23.6

SEC fundamentals · FY 2025

'21'22'23'24'25

■ revenue · ■ net income, by fiscal year

Revenue$61.9M+40.6%
Net income$3.26M+248.0%
Gross profit$27.2M+53.7%
Operating income$4.01M+234.6%
Diluted EPS$0.51+250.0%
Cash & equivalents$13.0M+5.0%
Total assets$52.0M+12.0%
Total liabilities$9.81M+19.3%
Stockholders' equity$42.2M+10.4%
Gross: 44.0%Op.: 6.5%L/E: 0.23x

Frequently asked

Is Leatt Corp (LEAT) a buy?
LEAT currently carries a Buy rating with 4/5 conviction, derived from its latest SEC filings. Revenue grew 40.6% YoY.
What is LEAT's fair value?
A Modified-Graham model based on LEAT's SEC fundamentals estimates a fair value of about $19.05. It is an estimate from reported earnings, not a price target.
Is LEAT overvalued or undervalued?
Against a Modified-Graham fair-value estimate, LEAT currently appears undervalued relative to its SEC-grounded earnings power.
What is Leatt Corp's quality score?
LEAT scores 76.76470588235293/100 (grade B+) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.

Sources: SEC EDGAR (CIK 0001456189, latest 10-Q filed 2026-05-12) · EODHD · as of 6/22/2026, 9:50:50 PM.

Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.

Insider activity

Form 4 · SEC
2023-12-22
Leatt Christopher James
Director
Award51.0K @ $9.35$477K
2023-12-22
Macdonald Sean
Director
Award76.0K @ $9.35$711K
2023-12-22
Guzy Jeffrey J
Director
Award1.00K @ $9.35$9.35K
2022-12-20
Leatt Christopher James
Director
Award6.80K @ $18.51$126K
2022-12-20
Macdonald Sean
Director
Award10.0K @ $18.51$185K
2022-12-20
Guzy Jeffrey J
Director
Award800.00 @ $18.51$14.8K
2022-12-13
Macdonald Sean
Director
Tax20.2K @ $1.60$32.4K
2022-12-13
Macdonald Sean
Director
Tax69.0K @ $2.30$159K
2022-07-20
Leatt Christopher James
Director
Sell120K @ $27.00$3.24M
2022-07-20
Macdonald Sean
Director
Sell10.0K @ $27.00$270K
2022-05-20
Leatt Christopher James
Director
Sell500.00 @ $24.00$12.0K
2022-05-19
Leatt Christopher James
Director
Sell1.00K @ $24.90$24.9K

Earnings history

beat/miss · move
2026-05-12—▲ +18.48%8-K ↗
2026-03-24—▲ +5.86%8-K ↗
2025-11-06—▼ -18.03%8-K ↗
2025-08-07—▲ +9.57%8-K ↗
2025-05-14—▲ +37.60%8-K ↗
2025-03-28—▲ +2.24%8-K ↗

Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.

Recent news

market news →
Leatt Q4 Earnings Call HighlightsBullish
finance.yahoo.com· 2026-03-24
Leatt Extends Share Repurchase Program To March 31, 2026Bullish
nasdaq.com· 2025-12-16
Leatt GAAP EPS of $0.08, revenue of $14.3M
seekingalpha.com· 2025-11-06
Leatt GAAP EPS of $0.18, revenue of $16.18M
seekingalpha.com· 2025-08-07
Is Enghouse Systems' (TSE:ENGH) Share Price Gain Of 106% Well Earned?Bullish
finance.yahoo.com· 2021-02-23
Is Enghouse Systems' (TSE:ENGH) Share Price Gain Of 106% Well Earned?Bullish
finance.yahoo.com· 2021-02-23

Vs tracked universe

compare →

1044 tracked peers · median

EDGAR Score77 vs 67
Revenue growth40.6% vs 7.1%
Net margin5.3% vs 10.5%
Return on equity7.7% vs 12.3%
P/E23.6 vs 25.5