Tandy Leather Factory Inc (TLF) Financial Statements
Industry: Leather & Leather Products
In fiscal 2025, Tandy Leather Factory reported revenue of $76.3M, up 2.6% from $74.4M the year before. Net income was $9.1M (a 11.9% net margin), or $1.10 per diluted share. Gross margin was 57.0% and operating margin was -1.3%. Operating activities generated -$556,000 of cash, leaving -$8.1M of free cash flow. At fiscal year end, Tandy Leather Factory held $86.6M in total assets against $34.0M in total liabilities, including $16.1M of cash and equivalents.
Open the full interactive Tandy Leather Factory financials → Quarterly statements, key ratios, valuation history and price charts.
Tandy Leather Factory Key Stats
| Share Price | $2.34 |
|---|---|
| Market Cap | $19.1M |
| P/E Ratio | 2.1 |
| Revenue YoY Growth | +2.6% |
| 52-Week Range | $1.96 – $2.68 |
| Shares Outstanding | 8.2 million (basic, 2026 Q2) |
Tandy Leather Factory Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $64.1M | $82.7M | $80.3M | $76.2M | $74.4M | $76.3M |
| Cost of Goods Sold | $28.0M | $35.7M | $33.8M | $31.1M | $32.6M | $32.8M |
| Gross Profit | $36.1M | $47.0M | $46.5M | $45.2M | $41.8M | $43.5M |
| Operating Income | -$6.3M | $2.3M | $1.4M | $4.4M | $628,000 | -$963,000 |
| Pre-Tax Income | -$6.3M | $2.2M | $1.4M | $4.5M | $1.1M | $12.3M |
| Income Tax | -$1.4M | $839,000 | $181,000 | $777,000 | $264,000 | $3.2M |
| Net Income | -$4.9M | $1.4M | $1.2M | $3.8M | $827,000 | $9.1M |
| Diluted EPS | -$0.54 | $0.16 | $0.15 | $0.45 | $0.09 | $1.10 |
Tandy Leather Factory Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $17.3M | $22.3M | $19.7M | $18.0M |
| Net Income | -$1.4M | -$2.0M | $222,000 | $409,000 |
| Diluted EPS | -$0.17 | -$0.24 | $0.03 | $0.05 |
Tandy Leather Factory Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $10.3M | $10.2M | $8.0M | $12.2M | $13.3M | $16.1M |
| Current Assets | $51.0M | $50.4M | $47.3M | $51.3M | $50.5M | $50.6M |
| Total Assets | $75.7M | $73.1M | $68.6M | $72.1M | $74.9M | $86.6M |
| Current Liabilities | $12.9M | $12.2M | $8.9M | $8.9M | $9.9M | $9.8M |
| Total Long-Term Debt | $446,000 | $415,000 | — | — | — | — |
| Total Liabilities | $23.5M | $21.6M | $17.1M | $15.8M | $17.8M | $34.0M |
| Shareholders' Equity | $52.2M | $51.5M | $51.5M | $56.3M | $57.2M | $52.6M |
Tandy Leather Factory Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$12.5M | $3.7M | $1.2M | $4.5M | $4.5M | -$556,000 |
| Cash From Investing | $6.3M | -$1.0M | -$625,000 | -$576,000 | -$3.0M | $17.4M |
| Cash From Financing | $416,000 | -$2.8M | -$2.2M | -$26,000 | -$1,000 | -$14.1M |
| Free Cash Flow | -$13.8M | $2.7M | $519,000 | $4.0M | $1.6M | -$8.1M |
Figures from Tandy Leather Factory's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Tandy Leather Factory financials page for every line item.
Tandy Leather Factory Company Profile
| Ticker | TLF |
|---|---|
| Exchange | Nasdaq |
| Industry | Leather & Leather Products |
| Headquarters | Ft Worth, Texas |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0000909724 |
Frequently Asked Questions
What was Tandy Leather Factory's revenue in fiscal 2025?
Tandy Leather Factory (TLF) reported revenue of $76.3M for fiscal 2025.
What is Tandy Leather Factory's annual revenue history?
Tandy Leather Factory's annual revenue by fiscal year: 2020: $64.1M; 2021: $82.7M; 2022: $80.3M; 2023: $76.2M; 2024: $74.4M; 2025: $76.3M.
What was Tandy Leather Factory's net income in fiscal 2025?
Tandy Leather Factory reported net income of $9.1M for fiscal 2025.
What was Tandy Leather Factory's earnings per share (EPS) in fiscal 2025?
Tandy Leather Factory's diluted EPS was $1.10 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Tandy Leather Factory generate in fiscal 2025?
Tandy Leather Factory generated -$8.1M of free cash flow in fiscal 2025.
What was Tandy Leather Factory's revenue last quarter?
In its most recent reported quarter (2026 Q2), Tandy Leather Factory reported revenue of $18.0M.
How many shares of Tandy Leather Factory are outstanding?
Tandy Leather Factory reported a weighted average of 8.2 million basic shares outstanding in 2026 Q2.
What is Tandy Leather Factory's market cap?
Based on its latest closing price, Tandy Leather Factory (TLF) has a market capitalization of about $19.1M.
When does Tandy Leather Factory's fiscal year end?
Tandy Leather Factory's fiscal year end, as registered with the SEC, is December 31.
Where is Tandy Leather Factory headquartered?
Tandy Leather Factory lists its business address in Ft Worth, Texas in its SEC filings.