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An announcement from Leatt ( (LEAT) ) is now available.
Leatt Corp reported strong results for the fourth quarter and full year ended December 31, 2025, with the March 24, 2026 announcement highlighting a sharp rebound from prior losses. Total 2025 revenues rose 41% year over year to $61.91 million, international sales climbed 47% to $44.64 million, and net income swung to $3.26 million from a $2.20 million loss in 2024, supported by double-digit growth across all major product categories and an improved gross margin of 44%.
Fourth-quarter 2025 revenues increased 43% to $16.02 million, while net income reached $464,808 versus a loss a year earlier, marking Leatt’s sixth consecutive quarter of year-over-year growth after an industry-wide post-Covid inventory overhang. Cash and equivalents rose to $13.23 million, operating cash flow reached $1.80 million, and management pointed to robust international reordering, expanding dealer and direct-to-consumer channels, and award-winning new products as drivers of momentum, reinforcing the company’s financial flexibility and strengthening its competitive position in protective sports gear.
The most recent analyst rating on (LEAT) stock is a Hold with a $10.00 price target. To see the full list of analyst forecasts on Leatt stock, see the LEAT Stock Forecast page.
Spark’s Take on LEAT Stock
According to Spark, TipRanks’ AI Analyst, LEAT is a Neutral.
Leatt’s strong earnings performance and solid financial health are the primary drivers of its stock score. The company’s strategic market expansion and product growth contribute positively. However, technical indicators suggest a bearish trend, and valuation metrics indicate moderate attractiveness. Concerns about inflation and tariffs are potential risks, but the company’s proactive strategies and robust financials provide a solid foundation for future growth.
To see Spark’s full report on LEAT stock, click here.
More about Leatt
Leatt Corporation, based in Cape Town, South Africa, develops and markets head-to-toe personal protective gear for extreme and action sports, including motorcycles, mountain bikes, and other open-air vehicles. Its portfolio features the award-winning Leatt-Brace neck protection system, along with helmets, body armor, footwear, and performance apparel aimed at Moto, MTB, and adventure riders worldwide.
The company targets a global rider base through multi-channel distribution, combining international distributors, dealer networks, and growing direct-to-consumer sales channels. Leatt’s products and brand have gained industry recognition, with items such as the 5.0 Gravity Helmet and 6.0 HydraDri Jacket earning top honors at Eurobike 2025, underscoring its innovation-led positioning in protective sports gear.
Average Trading Volume: 2,203
Technical Sentiment Signal: Sell
Current Market Cap: $53.93M
For a thorough assessment of LEAT stock, go to TipRanks’ Stock Analysis page.

