Q4 2025 Leatt Corp Earnings Call Transcript
Key Points
- Leatt Corp (LEAT) achieved double-digit revenue growth for the fifth consecutive quarter and year-over-year growth for the sixth consecutive quarter.
- Total global revenues for 2025 were $61.91 million, a 41% increase over 2024.
- International revenues increased by 47% year-over-year, with customer direct sales increasing by 44% and dealer direct sales by 22%.
- Net income for the year 2025 increased by 248% to $3.26 million, demonstrating strong revenue generation and robust margins.
- Helmet sales grew by 59% year-over-year, and body armor revenues increased by 29%, with a 40% increase in footwear sales.
- The company faced challenges due to geopolitical headwinds and global trade tariff uncertainties.
- Total operating costs increased by 12%, indicating rising expenses.
- The tariff situation had an impact on the US business, creating uncertainty in global trade.
- Despite strong international growth, US sales growth of 27% lagged behind the overall international growth of 41%.
- There is an expectation of increased working capital investments, reflecting the need to build a global multichannel sales and marketing team.
Good day, everyone, and welcome to Leatt Corporation fourth quarter 2025, results conference call. (Operator Instructions) Please note, this call may be recorded (Operator Instructions) It is now my pleasure to turn the conference over to Michael Mason. Please go ahead.
Thanks, Reza. Good morning, and welcome to the Leatt Corporation investor conference call to discuss the financial results for the fourth quarter and full year 2025. My name is Michael Mason. The company issued a press release today, Tuesday, March 24, 2026 at 8:00 a.m. Eastern and filed its report with the SEC.
The press release is posted on Leatt's website at leatt-corp.com. This call is being broadcast live and may be accessed on the company's website. An audio replay of this call will be available for seven days and may be accessed from North America by calling 1 (844) 512-2921 or 1 412-317-6671 for international callers. The replay pin number is 11161317.
A replay of the webcast will be available immediately following
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
