Earnings Releases·Nov 12, 2026, 8:20 AM ET

Leatt Corporation — Third Quarter 2026 Earnings Summary

Q3 2026 global revenues surged 43% year-over-year to $20.46 million, while net income jumped 309% to $2.20 million ($0.35 diluted), driven by a 43% revenue growth outpacing 15% operating cost increases and a gross margin expansion to 45%.
Management expressed confidence in sustaining Q3 momentum into Q4 and the full year 2026, citing robust international re-ordering and domestic sales, though noting potential geopolitical headwinds.
Strategic growth was supported by a 52% increase in global distributor sales and the successful launch of the GRiTT consumable line and new MTB footwear, alongside a $181,555 common stock repurchase in the first nine months.
Balance sheet strength improved with cash and equivalents rising to $15.50 million, inventory decreasing by $1.60 million, and total liabilities falling to $11.65 million following loan repayments.