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MARKETS / BALCAO / LEAT
BALCAO · MOTORCYCLES, BICYCLES & PARTS · SMALL CAP

Leatt Corp. LEAT

15 fiscal years on record · USD · FY2025 reported · SEC filings only
$61.9M
▲ 40.6% YoY
$3.3M
$725,883
▼ 53.6% YoY
In brief

What this company does

Leatt designs, develops, markets and distributes personal protective equipment for participants in all forms of motor sports and leisure activities, including riders of motorcycles, bicycles, snowmobiles and ATVs. The Company sells its products to customers worldwide through a global network of distributors and retailers. The Company's flagship products are based on the Leatt-Brace® system, a patented injection molded neck protection system owned by Xceed Holdings, designed to prevent potentially devastating injuries to the cervical spine and neck. The Company's research and development efforts are conducted at its research facilities, located at its executive headquarters in Cape Town, South Africa. The Company employs 4 full-time employees who are dedicated exclusively to research, development, and testing. As of December 31, 2025, we employed 88 full-time employees and 47 independent contractors.

Written from the business description in Leatt Corp's annual report to the U.S. Securities and Exchange Commission, filed 24 March 2026. Every sentence was checked against that document before publication.

Growth
USD 61.9M
Revenue, FY2025 · full 15-year series below
Revenue $M Net income $M
FY2025 · Revenue 61.9 · Net income 3.3
40M20112013201520172019202120232025
Compound annual growth
−6.7%
+9.9%
+12.9%
−31.1%
−5.9%
+19.0%
−32.0%
−7.2%
+17.7%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +9.9% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
5 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 6.5% · Net 5.3%
10%20%-2%-4%-6%20112013201520172019202120232025
ROE
FY2025 · ROE 8.1%
20%40%20112013201520172019202120232025
Gross margin44.0%
Operating margin6.5%
Net margin5.3%
Return on assets6.6%
EBITDA—

Each USD of equity produced 8 cents of profit this year.

Cash & shareholders
—
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 0.7
2.00M4.00M-0.25M-0.50M20112013201520172019202120232025
Net buybacks $ Dividends $
FY2012 · Dividends — · Net buybacks 0.0
400008000020112012
Dividends paid—
Net buybacks—
Share of profit—
Consecutive raises—

Total assetsUSD 52.0M
EquityUSD 42.2M
CashUSD 13.0M
Gross debtUSD 801,804.00
Net debtUSD -12.2M
Current ratio4.87×

The company holds more cash than debt.

The 15-year record
15 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 202520242023202220212020201920182017201620152014201320122011
Revenue $B0.10.00.00.10.10.00.00.00.00.00.00.00.00.00.0
Operating income $B0.0−0.00.00.00.00.00.00.00.0−0.00.00.0−0.00.00.0
EBITDA $B···············
Income tax $B0.0−0.00.00.00.00.00.00.0−0.0−0.00.00.0−0.00.00.0
Net income $B0.0−0.00.00.00.00.00.00.00.0−0.00.00.0−0.00.00.0
Free cash flow $B0.00.00.00.00.00.0−0.00.00.00.00.00.00.0−0.00.0
EPS, diluted $0.51−0.340.131.622.070.740.250.220.04−0.080.100.08−0.070.010.15
Dividend / sh $···············
Payout %···············
ROE %8.1−5.62.029.257.233.913.914.23.2−6.27.95.9−5.11.010.1
Shares out B0.010.010.010.010.010.010.010.010.010.010.010.010.010.010.01

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 75 reconciliationsAUDITED

Reconciled in 15 of 19 fiscal years. 20 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityMotorcycles, Bicycles & Parts
Listed onOTC market
Incorporated inNevada
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2011

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