Leatt Corporation Announces Results for the Third Quarter 2026
Key Highlights
- ➤Q3 revenue $20.46 million, up 43%, highest quarterly revenue in four years
- ➤Q3 net income $2.20 million, up 309%, or $0.34 diluted EPS
- ➤Nine-month revenue $56.36 million, up 23%, while net income rose 74%
- ➤Operating cash flow reached $4.59 million, more than triple prior-year level
- ➤GRiTT consumables launched with initial shipments exceeding expectations
Expert Statements
Sean Macdonald, Chief Executive Officer of Leatt Corporation
“The third quarter of 2026 was a strong quarter by nearly every measure.”
Sean Macdonald, Chief Executive Officer of Leatt Corporation
“Total global revenues of $20.46 million were our highest in four years, up 43% over the third quarter of 2025.”
Sean Macdonald, Chief Executive Officer of Leatt Corporation
“Sales to global distributors increased by 52%, dealer direct revenues increased by 24% and consumer direct sales increased by 25%.”
Sean Macdonald, Chief Executive Officer of Leatt Corporation
“Net income for the third quarter increased by 309% to $2.20 million as compared to the third quarter of 2025.”
Sean Macdonald, Chief Executive Officer of Leatt Corporation
“Gross profit increased by 48% to $9.32 million, in part due to the recoupment of global trade tariffs levied on the importation of goods into the U.S.”
Sean Macdonald, Chief Executive Officer of Leatt Corporation
“Our growth was broad-based across product categories.”
Sean Macdonald, Chief Executive Officer of Leatt Corporation
“In terms of marketing and product launches, the third quarter of 2026 was one of our busiest ever.”
Sean Macdonald, Chief Executive Officer of Leatt Corporation
“This momentum continues into the fourth quarter of 2026.”
Sean Macdonald, Chief Executive Officer of Leatt Corporation
“For the nine months ended September 30, 2026, revenues increased 23% to $56.36 million, and net income increased 74% to $4.88 million.”
Sean Macdonald, Chief Executive Officer of Leatt Corporation
“Consumer direct sales continued to be a highlight, increasing by 48% to $5.24 million.”
Christopher Leatt, Founder and Chairman of Leatt Corporation
“Our latest product releases are the result of years of work by our design and engineering team, and they show the depth of the pipeline that we have been building across riding categories.”
Christopher Leatt, Founder and Chairman of Leatt Corporation
“Innovation that improves the riding experience has been at the heart of Leatt since day one.”
Sean Macdonald, Chief Executive Officer of Leatt Corporation
“We are on track for a solid year in 2026.”
Sean Macdonald, Chief Executive Officer of Leatt Corporation
“While there is still the potential for geopolitical headwinds, we are optimistic that the traction we have gained will continue.”
Sean Macdonald, Chief Executive Officer of Leatt Corporation
“Participation remains strong, and demand for our expanding line of innovative products continues to grow, fueling robust international re-ordering patterns and momentum in domestic sales at the dealer and consumer levels.”
Sean Macdonald, Chief Executive Officer of Leatt Corporation
“Our 2026 results clearly show the progress that we are making.”
Sean Macdonald, Chief Executive Officer of Leatt Corporation
“In the third quarter, revenues grew 43% while operating costs grew only 15%, lifting our net margin to 10.8% from 3.8% a year ago.”
Sean Macdonald, Chief Executive Officer of Leatt Corporation
“We believe that this momentum will be sustained as we continue to invest in building Leatt as a global consumer brand that riders are compelled to engage with.”
Sean Macdonald, Chief Executive Officer of Leatt Corporation
“The Leatt team just returned from our global distributor conference in Barcelona energized and enthusiastic.”
Leatt Corporation Announces Results for the Third Quarter 2026 PR Newswire
Global revenues increase 43% to $20.46 million, highest quarterly revenues in four years; Net income increases 309% to $2.20 million
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