# LEATT CORPORATION (LEAT) · Edgar & Edgarette company card

> Leatt (LEAT) grew revenue 40.6% in FY2025 to $62 million, operating margin 6.5% against a 4.8% median for motorcycles, bicycles & parts, equity 81.1% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1456189 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/LEAT) · [JSON](https://www.pops4.com/boards/company/LEAT.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $62M |
| Revenue growth, 1 year | 40.6% |
| Revenue growth per year | -3.9% |
| Operating margin | 6.5% (prior year -6.8%) |
| Net margin | 5.3% |
| Operating cash flow | $2M |
| Capital spending | $1M |
| Free cash flow | $725,883 |
| Cash | $13M |
| Long-term debt | $1,804 |
| Total assets | $52M |
| Total equity | $42M |
| Equity ÷ assets | 81.1% |
| Return on equity | 7.7% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: 11.8 (safe zone)
- Piotroski F: 7 of 9 (solid)
- Health Harbor boat: Weathered boat · two warning signs · slow and jumpy: growing slower than its size class, with revenue that swings more; revenue is hard to predict: its 80% range is ±60%
- Cash Compass: Fading · slow and jumpy, lagging its peers

## Edgarette's reading

Exposure: revenue $61.9M (FY2025), total debt $2K. Experience: revenue up 40.6% on the year, down 3.9% a year over 4 years; operating margin 6.5%, up from -6.8%. Soundness: equity 81.1% of assets, return on equity 7.7%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $34.8M and $137.7M next year (method v4.1: its own 6-year record of growth weighed at 63% against $50M–100M filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $36.7M to $131.3M. A statistical range, not company guidance. Against peers (75 filers, $50M+ revenue, its industry group): operating margin 6.5% against a 4.8% median; growth 40.6% against 4.9%.

Range logged 2026-10-09, receipt cc029111504cd3fc, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

No warning filings in the window.

## Recent filings

- DEF 14A · filed 2026-10-08 · [filing](https://www.sec.gov/Archives/edgar/data/1456189/000121390026107995/0001213900-26-107995-index.htm)
- 8-K · filed 2026-09-29 · 5.08 Shareholder Nominations Pursuant to Rule 14a-11 · [filing](https://www.sec.gov/Archives/edgar/data/1456189/000121390026104730/0001213900-26-104730-index.htm)
- 8-K · filed 2026-08-17 · 3.03 Material Modifications to Rights of Security Holders; 5.03 Amendments to Articles or Bylaws; Change in Fiscal Year; 5.07 Submission of Matters to a Vote of Security Holders; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1456189/000106299326004455/0001062993-26-004455-index.htm)
- 8-K · filed 2026-08-14 · 2.02 Results of Operations and Financial Condition; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1456189/000106299326004367/0001062993-26-004367-index.htm)
- 10-Q · filed 2026-08-14 · [filing](https://www.sec.gov/Archives/edgar/data/1456189/000106299326004365/0001062993-26-004365-index.htm)
- 8-K · filed 2026-05-13 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1456189/000106299326002553/0001062993-26-002553-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001456189.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1456189

## Cite

POPS4, Edgar & Edgarette: LEATT CORPORATION (LEAT) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/LEAT. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.