Tandy Leather Factory (TLF) Financial Statements & Analysis

Tandy Leather Factory (TLF) Income Statement

Tandy Leather Factory reported revenue of $76.32M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 2.6% from $74.39M a year earlier. Net income was $9.10M, up 1000.6% year over year, a net margin of 11.9%. Gross margin was 57.0% and operating margin -1.3%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $18.04M, up 1.5% from the same quarter a year earlier.

Tandy Leather Factory Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Tandy Leather Factory, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Mar 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	76.32	74.39	76.23	80.34	82.66	82.66	64.08	74.92	83.10	82.32
Cost of Revenue	32.79	32.59	31.07	33.84	35.66	35.66	28.03	32.96	32.52	30.21
Gross Profit	43.54	41.80	45.16	46.50	47.00	47.00	36.06	41.96	50.58	52.11
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00
Selling, General & Administrative	0.00	39.98	39.55	43.66	42.34	42.34	36.35	40.30	42.89	42.99
Operating Expenses	44.50	41.18	40.75	45.11	44.70	44.70	42.41	44.56	46.75	44.87
Operating Income	-0.96	0.63	4.41	1.39	2.30	2.30	-6.35	-2.60	3.83	7.24
Other Income/Expense
Interest Income	0.55	0.33	0.09	0.01	0.00	-	0.00	0.00	0.00	0.00
Interest Expense	0.00	0.00	0.00	0.00	0.02	-0.02	0.01	0.04	0.30	0.21
Other Income/Expense	13.26	0.13	0.04	0.02	-0.11	-0.11	2.82	1.38	0.25	-0.90
Income
Income Before Tax	12.30	1.09	4.55	1.41	2.19	2.19	-3.52	-1.21	3.70	7.16
Income Tax Expense	3.20	0.26	0.78	0.18	0.84	0.84	1.38	0.69	1.74	2.71
Net Income	9.10	0.83	3.77	1.23	1.35	1.35	-4.90	-1.90	1.96	4.45
Net Income - Continuous Operations	9.10	0.83	3.77	1.23	1.35	1.35	-4.90	-1.90	1.96	4.45
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-	-
EBITDA	18.46	5.36	9.04	2.84	4.66	4.66	-0.27	1.61	8.05	9.24
EBIT	-0.96	0.63	4.41	1.39	-	3.55	-1.30	-	-	-
Depreciation & Amortization	6.16	4.73	4.63	1.20	1.11	1.11	1.02	1.66	1.80	1.88
Earnings Per Share
Basic EPS	1.00	-	-	-	-	-	-1.00	-	-	-
Diluted EPS	1.00	-	-	-	-	-	-1.00	-	-	-
Basic Shares Outstanding	8.23	8.49	8.34	8.36	8.71	8.71	9.06	8.97	9.19	9.24
Diluted Shares Outstanding	8.26	8.78	8.37	8.39	8.72	8.72	9.06	8.97	9.21	9.25

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Tandy Leather Factory Financial Statements

What was Tandy Leather Factory's revenue in fiscal 2025?

Tandy Leather Factory reported revenue of $76.32M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 2.6% from $74.39M a year earlier.

Is Tandy Leather Factory profitable?

Yes. Tandy Leather Factory earned net income of $9.10M in fiscal 2025, a net margin of 11.9%. In fiscal 2024 it earned $827.00K.

What is Tandy Leather Factory's operating margin?

Tandy Leather Factory's operating income was −$963.00K on revenue of $76.32M in fiscal 2025, an operating margin of -1.3%, compared with 0.8% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition