TANDY LEATHER FACTORY INC

Listed Company

TLFCIK 0000909724NasdaqNon-AcceleratedSmaller ReportingLeather & Leather ProductsDelawareFY ends Dec 31

Period

FY 2025

Revenue

$76.32M

Net Income

$9.10M

Total Assets

$86.63M

Equity

$52.59M

Shares Out

8.14M

Op. Cash Flow

$-556.0K

TLF$2.39−28.44% · past yearDBEQ Basic

Daily closing prices

Business

Tandy Leather Factory, Inc. is a specialty retailer of leather and leathercraft products, including leather, tools, hardware, kits, machines, and supplies. The company sells through retail stores located in the U.S., Canada, and Spain, as well as e-commerce channels and a commercial division serving business customers. Tandy operates a production facility that manufactures a portion of its products, including kits, lace, belt strips, and custom items for commercial clients. The company serves retail customers ranging from hobbyists to institutions, and commercial customers with larger purchase volumes.

Summary from 10-K filed 2026-02-24

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	76	74	76	80	83
Cost of sales	33	33	31	34	36
Gross profit	44	42	45	46	47
Operating expenses	45	41	41	45	45
(Loss) Income from operations	−963,000	628,000	4	1	2
Interest income	552,000	331,000	93,000	−9,000	16,000
Gain on disposal of headquarter (see footnote 11)	16	0	—	—	—
Other, net	−4	132,000	42,000	−11,000	91,000
Total other income	13	463,000	135,000	−20,000	107,000
Income before income taxes	12	1	5	1	2
Income tax provision	3	264,000	777,000	181,000	839,000
Net income	9	827,000	4	1	1
Foreign currency translation adjustments, net of tax	−40,000	−568,000	356,000	−527,000	−81,000
Comprehensive income	9	259,000	4	700,000	1
Basic (in Dollars per share)	1.11	0.1	0.45	0.15	0.16
Diluted (in Dollars per share)	1.1	0.09	0.45	0.15	0.16
Basic (in Shares)	8	8	8	8	9
Diluted (in Shares)	8	9	8	8	9

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	16	13	12	8	10
Accounts receivable-trade, net of allowance for credit losses of $51 at December 31, 2025 and $49 at December 31, 2024	400,000	300,000	300,000	400,000	600,000
Inventory	33	36	38	38	38
Income tax receivable	0	384,000	248,000	302,000	972,000
Prepaid expenses	721,000	898,000	475,000	272,000	483,000
Other current assets	111,000	96,000	113,000	106,000	141,000
Total current assets	51	51	51	47	50
Property and equipment, at cost	26	32	29	28	28
Less accumulated depreciation	−16	−19	−18	−17	−16
Property and equipment, net	10	12	11	11	12
Operating lease assets	25	10	9	10	10
Deferred income taxes	400,000	1	880,000	0	0
Other assets	710,000	517,000	438,000	392,000	394,000
TOTAL ASSETS	87	75	72	69	73
Accounts payable-trade	2	3	2	3	5
Accrued expenses and other liabilities	4	4	3	3	4
Income taxes payable	428,000	0	288,000	211,000	0
Current portion of operating lease liabilities	4	3	3	3	3
Total current liabilities	10	10	9	9	12
Uncertain tax positions	227,000	248,000	388,000	450,000	415,000
Other non-current liabilities	149,000	76,000	205,000	326,000	417,000
Operating lease liabilities, non-current	24	8	6	7	8
COMMITMENTS AND CONTINGENCIES (Note 6)	—	—	—	—	—
Common stock, $0.0024 par value; 25,000,000 shares authorized; 9,497,251 and 9,920,957 shares issued at December 31, 2025 and December 31, 2024, respectively; 8,072,875 and 8,496,581 shares outstanding at December 31, 2025 and December 31, 2024, respectively	22,000	23,000	23,000	23,000	24,000
Paid-in capital	4	5	4	3	4
Retained earnings	61	64	64	60	59
Treasury stock at cost (1,424,376 shares at December 31, 2025 and December 31, 2024)	−10	−10	−10	−10	—
Accumulated other comprehensive loss, net of tax	−2	−2	−2	−2	−1
Total stockholders' equity	53	57	56	51	52
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	87	75	72	69	73

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	858,000	1	1	1	1
Operating lease asset amortization	5	4	3	3	3
Stock-based compensation	484,000	548,000	770,000	1	797,000
Deferred income taxes	834,000	−342,000	−902,000	−10,000	83,000
Accounts receivable-trade	−90,000	−72,000	107,000	244,000	−325,000
Inventory	3	2	231,000	−328,000	−3
Prepaid expenses	178,000	−424,000	−202,000	210,000	83,000
Other current assets	55,000	17,000	−12,000	34,000	−8,000
Accounts payable-trade	−1	1	−752,000	−2	1
Accrued expenses and other liabilities	126,000	322,000	462,000	−2	743,000
Income taxes, net	799,000	−574,000	84,000	905,000	2
Other assets	−190,000	−81,000	−45,000	0	−52,000
Operating lease liabilities	−3	−4	−4	−3	−3
Total adjustments	−10	4	769,000	−73,000	2
Net cash (used in) provided by operating activities	−556,000	5	5	1	4
Purchase of property and equipment	−8	−3	−576,000	−635,000	−1
Proceeds from sales of Headquarters assets, net	25	0	0	10,000	0
Net cash provided by (used in) investing activities	17	−3	−576,000	−625,000	−1
Payment of finance lease obligations	0	−1,000	−15,000	−14,000	−14,000
Dividend Paid	−13	0	—	—	—
Repurchase of common stock, net	−1	0	−11,000	−2	−3
Net cash used in financing activities	−14	−1,000	−26,000	−2	−3
Effect of exchange rate changes on cash and cash equivalents	120,000	−452,000	249,000	−538,000	−112,000
Net increase in cash and cash equivalents	3	1	4	−2	−174,000
Income tax paid during the period, net	2	2	984,000	−430,000	−994,000
Operating lease assets obtained in exchange for lease liabilities, net	18	5	3	4	2

Filings

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Frequently asked questions

What is TANDY LEATHER FACTORY INC's CIK number?

TANDY LEATHER FACTORY INC's SEC CIK number is 0000909724 (909724). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find TANDY LEATHER FACTORY INC's SEC filings?

All of TANDY LEATHER FACTORY INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did TANDY LEATHER FACTORY INC last report earnings?

TANDY LEATHER FACTORY INC (TLF) most recently filed an earnings 8-K with the SEC on May 11, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001140361-26-020562). This is TANDY LEATHER FACTORY INC's most recent earnings filing of record — not a forecast of its next earnings date.

What is TANDY LEATHER FACTORY INC's most recent earnings 8-K?

TANDY LEATHER FACTORY INC's latest earnings 8-K (Item 2.02) was filed May 11, 2026 under accession 0001140361-26-020562. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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