Tandy Leather Factory (TLF) reported second-quarter 2026 revenue of $18.0 million, up 1.5% from $17.8 million a year earlier. Net income was $0.4 million, compared with a net loss of $0.2 million in the prior-year quarter.
The company reported operating income of $0.5 million, gross margin of 64.8%, and EBITDA from operations of $0.9 million. Cash and cash equivalents were $6.4 million as of June 30, 2026, down from $16.1 million at Dec. 31, 2025.
- Second-quarter gross profit was $11.7 million, up from $10.6 million in 2025.
- Basic and diluted net income was $0.05 per share, versus a $0.02 basic and diluted net loss per share a year earlier.
- The company said cash decreased after $6.0 million in dividends paid in the first quarter and about $4.0 million tied to inventory purchases, a new POS system, and store investments.
- Tandy Leather Factory operated 101 stores in 40 U.S. states, six Canadian provinces, and Spain.
$TLF Hedge Fund Activity
We have seen 5 institutional investors add shares of $TLF stock to their portfolio, and 8 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FIRST FOUNDATION ADVISORS removed 225,148 shares (-50.1%) from their portfolio in Q1 2026, for an estimated $520,091
- VALUES FIRST ADVISORS, INC. removed 57,792 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $134,655
- CITADEL ADVISORS LLC removed 38,331 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $88,544
- GEODE CAPITAL MANAGEMENT, LLC removed 14,776 shares (-50.3%) from their portfolio in Q1 2026, for an estimated $34,132
- BROOKLANDS FUND MANAGEMENT LTD added 10,000 shares (+4.9%) to their portfolio in Q2 2026, for an estimated $23,300
- RENAISSANCE TECHNOLOGIES LLC removed 4,800 shares (-22.3%) from their portfolio in Q1 2026, for an estimated $11,088
- DIMENSIONAL FUND ADVISORS LP added 3,376 shares (+18.7%) to their portfolio in Q2 2026, for an estimated $7,866
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
