Leatt Corporation (OTCQB: LEAT) reported third-quarter 2026 revenue of $20.46 million, up 43% from $14.34 million a year earlier. Net income available to common shareholders rose 309% to $2.20 million, or $0.35 per basic share and $0.34 per diluted share.
The company said quarterly revenue was its highest in four years. Revenue growth included higher sales to global distributors, dealer-direct customers and consumers.
- U.S. revenue increased 24% to $5.33 million, while international revenue increased 50% to $15.12 million.
- Global distributor sales rose 52%, dealer-direct revenue rose 24%, and consumer-direct sales rose 25%.
- Gross profit increased 48% to $9.32 million in the quarter.
- For the first nine months of 2026, revenue increased 23% to $56.36 million and net income rose 74% to $4.88 million.
- Cash, cash equivalents and restricted cash totaled $15.50 million at September 30, 2026.
