Tandy Leather Factory, Inc. (TLF) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 19.65M | 22.25M | 17.26M | 17.77M | 19.04M | 20.48M | 17.35M | 17.29M | 19.27M | 20.84M | 17.54M | 17.48M | 20.36M | 22.37M | 19.06M | 18.41M | 20.5M | 23.42M | 19.28M | 18.57M |
| Revenue Growth % | 3.24% | 8.66% | -0.5% | 2.82% | -1.24% | -1.76% | -1.09% | -1.12% | -5.33% | -6.81% | -7.95% | -5.04% | -0.68% | -4.49% | -1.16% | -0.84% | -4.18% | 7.42% | 20.58% | 103% |
| Cost of Goods Sold | 9.33M | 10.17M | 7.09M | 7.2M | 8.32M | 9.63M | 7.33M | 7.27M | 8.36M | 10.55M | 6.6M | 6.56M | 8.54M | 9.9M | 7.46M | 7.91M | 8.57M | 10.98M | 8.19M | 7.29M |
| COGS % of Revenue | 47.49% | 45.72% | 41.09% | 40.51% | 43.7% | 47.05% | 42.24% | 42.05% | 43.35% | 50.61% | 37.65% | 37.53% | 41.95% | 44.26% | 39.15% | 42.96% | 41.8% | 46.87% | 42.49% | 39.24% |
| Gross Profit | 10.32M | 12.08M | 10.17M | 10.57M | 10.72M | 10.84M | 10.02M | 10.02M | 10.92M | 10.3M | 10.94M | 10.92M | 11.82M | 12.47M | 11.6M | 10.5M | 11.93M | 12.44M | 11.09M | 11.28M |
| Gross Margin % | 52.51% | 54.28% | 58.91% | 59.49% | 56.3% | 52.95% | 57.76% | 57.95% | 56.65% | 49.39% | 62.35% | 62.47% | 58.05% | 55.74% | 60.85% | 57.04% | 58.2% | 53.13% | 57.51% | 60.76% |
| Gross Profit Growth % | -3.72% | 11.39% | 1.48% | 5.54% | -1.85% | 5.32% | -8.37% | -8.27% | -7.61% | -17.43% | -5.67% | 4% | -0.94% | 0.21% | 4.57% | -6.91% | -2.09% | 6.72% | 19.38% | 115.16% |
| Operating Expenses | 9.95M | 12.69M | 10.85M | 10.51M | 10.46M | 10.66M | 10.29M | 9.96M | 10.27M | 8.54M | 10.06M | 10.13M | 10.84M | 12.15M | 10.62M | 11.24M | 11.1M | 11.84M | 11.08M | 10.56M |
| OpEx % of Revenue | 50.65% | 57.03% | 62.84% | 59.12% | 54.93% | 52.06% | 59.3% | 57.59% | 53.29% | 40.95% | 57.34% | 57.95% | 53.23% | 54.32% | 55.73% | 61.04% | 54.16% | 50.57% | 57.46% | 56.86% |
| Selling, General & Admin | 9.95M | 0 | 0 | 0 | 0 | 9.46M | 0 | 0 | 0 | 8.54M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10.64M | 0 | 0 |
| SG&A % of Revenue | 50.65% | - | - | - | - | 46.2% | - | - | - | 40.95% | - | - | - | - | - | - | - | 45.44% | - | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 365K | -612K | -678K | 66K | 262K | 183K | -267K | 63K | 649K | 1.76M | 880K | 790K | 981K | 319K | 976K | -737K | 829K | 600K | 11K | 724K |
| Operating Margin % | 1.86% | -2.75% | -3.93% | 0.37% | 1.38% | 0.89% | -1.54% | 0.36% | 3.37% | 8.44% | 5.02% | 4.52% | 4.82% | 1.43% | 5.12% | -4% | 4.04% | 2.56% | 0.06% | 3.9% |
| Operating Income Growth % | 39.31% | -434.43% | -153.93% | 4.76% | -59.63% | -89.6% | -130.34% | -92.03% | -33.84% | 451.72% | -9.84% | 207.19% | 18.34% | -46.83% | 8772.73% | -201.8% | -14.09% | 229.31% | 100.89% | 130.86% |
| EBITDA | 2.04M | 1.02M | 912K | 1.54M | 1.55M | 439K | 899K | 1.25M | 1.89M | 2.95M | 2.06M | 1.93M | 2.1M | 1.43M | 2.07M | 372K | 1.94M | 900K | 1.07M | 1.8M |
| EBITDA Margin % | 10.38% | 4.6% | 5.28% | 8.65% | 8.13% | 2.14% | 5.18% | 7.25% | 9.8% | 14.15% | 11.72% | 11.05% | 10.31% | 6.4% | 10.88% | 2.02% | 9.47% | 3.84% | 5.53% | 9.67% |
| EBITDA Growth % | 31.72% | 133.26% | 1.45% | 22.67% | -18.05% | -85.12% | -56.27% | -35.11% | -10.05% | 106.15% | -0.87% | 419.09% | 8.19% | 59% | 94.56% | -79.29% | -5.36% | 501.79% | 617.48% | 227.74% |
| D&A (Non-Cash Add-back) | 1.67M | 1.64M | 1.59M | 1.47M | 1.29M | 256K | 1.17M | 1.19M | 1.24M | 1.19M | 1.18M | 1.14M | 1.12M | 1.11M | 1.1M | 1.11M | 1.11M | 300K | 1.05M | 1.07M |
| EBIT | 365K | -612K | -1.83M | 66K | 262K | 183K | -267K | 63K | 649K | 1.76M | 880K | 790K | 981K | 319K | 982K | -759K | 844K | 695K | 11K | 702K |
| Net Interest Income | 86K | 91K | 98K | 173K | 190K | 65K | 85K | 97K | 84K | 93K | 0 | 0 | 0 | 20K | -1K | -8K | -2K | -4K | -2K | -5K |
| Interest Income | 86K | 91K | 98K | 173K | 190K | 65K | 85K | 97K | 84K | 93K | 0 | 0 | 0 | 20K | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1K | 8K | 2K | 4K | 2K | 5K |
| Other Income/Expense | 3K | -477K | -1.16M | -246K | 16.59M | 235K | 84K | 87K | 58K | 215K | -43K | 2K | -39K | 32K | 5K | -30K | 13K | -58K | -25K | -27K |
| Pretax Income | 368K | -1.09M | -1.83M | -180K | 16.86M | 418K | -183K | 150K | 707K | 1.98M | 837K | 792K | 942K | 351K | 981K | -767K | 842K | 542K | -14K | 697K |
| Pretax Margin % | 1.87% | -4.89% | -10.62% | -1.01% | 88.54% | 2.04% | -1.05% | 0.87% | 3.67% | 9.47% | 4.77% | 4.53% | 4.63% | 1.57% | 5.15% | -4.17% | 4.11% | 2.31% | -0.07% | 3.75% |
| Income Tax | 146K | -159K | -481K | 19K | 4.18M | 86K | -51K | 49K | 182K | 38K | 201K | 261K | 278K | -97K | 258K | -178K | 197K | 457K | 2K | 157K |
| Effective Tax Rate % | 39.67% | 14.6% | 26.24% | -10.56% | 24.79% | 20.57% | 27.87% | 32.67% | 25.74% | 1.92% | 24.01% | 32.95% | 29.51% | -27.64% | 26.3% | 23.21% | 23.4% | 84.32% | -14.29% | 22.53% |
| Net Income | 222K | -930K | -1.35M | -199K | 12.68M | 332K | -132K | 101K | 525K | 1.94M | 636K | 531K | 664K | 448K | 723K | -589K | 645K | 85K | -16K | 540K |
| Net Margin % | 1.13% | -4.18% | -7.83% | -1.12% | 66.59% | 1.62% | -0.76% | 0.58% | 2.72% | 9.29% | 3.63% | 3.04% | 3.26% | 2% | 3.79% | -3.2% | 3.15% | 0.36% | -0.08% | 2.91% |
| Net Income Growth % | -98.25% | -380.12% | -924.24% | -297.03% | 2314.48% | -82.86% | -120.75% | -80.98% | -20.93% | 332.37% | -12.03% | 190.15% | 2.95% | 427.06% | 4618.75% | -209.07% | -13.42% | 120.94% | 98.37% | 130.42% |
| Net Income (Continuing) | 222K | -930K | -1.35M | -199K | 12.68M | 332K | -132K | 101K | 525K | 1.94M | 636K | 531K | 664K | 448K | 723K | -589K | 645K | 85K | -16K | 540K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.03 | -0.12 | -0.17 | -0.02 | 1.47 | 0.04 | -0.02 | 0.01 | 0.06 | 0.23 | 0.08 | 0.06 | 0.08 | 0.05 | 0.09 | -0.07 | 0.08 | 0.01 | -0.00 | 0.06 |
| EPS Growth % | -97.96% | -406.91% | -996.77% | -268.07% | 2278.64% | -83% | -119.38% | -80.17% | -22.26% | 327.51% | -11.11% | 184.39% | 5.72% | - | - | -218.5% | -6% | 121.48% | 98.36% | 130% |
| EPS (Basic) | 0.03 | -0.12 | -0.17 | -0.02 | 1.49 | 0.04 | -0.02 | 0.01 | 0.06 | 0.23 | 0.08 | 0.06 | 0.08 | 0.05 | 0.09 | -0.07 | 0.08 | 0.01 | -0.00 | 0.06 |
| Diluted Shares Outstanding | 8.1M | 8.26M | 8.14M | 8.49M | 8.6M | 8.5M | 8.51M | 8.51M | 8.5M | 8.42M | 8.4M | 8.37M | 8.36M | 8.33M | 8.27M | 8.28M | 8.58M | 8.58M | 8.66M | 8.67M |
| Basic Shares Outstanding | 8.1M | 8.23M | 8.14M | 8.49M | 8.5M | 8.5M | 8.42M | 8.42M | 8.4M | 8.4M | 8.33M | 8.33M | 8.3M | 8.3M | 8.24M | 8.28M | 8.57M | 8.57M | 8.66M | 8.66M |
| Dividend Payout Ratio | 2727.48% | - | - | - | 100.54% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |