Tandy Leather reported FY 2025 sales of USD 76.3 million (+2.6%), with gross profit of USD 43.5 million (+4.1%) and gross margin of 57.0%. Operating expenses were USD 44.5 million (+8.1%), resulting in a loss from operations of USD 1.0 million for FY 2025. The company recorded other income of USD 13.3 million in FY 2025, primarily driven by USD 24.9 million generated from the sale of its corporate headquarters, offset by USD 8.7 million related to disposal of building and land and USD 3.5 million in relocation expenses and other foreign exchange impact. For cash flow, net cash used in operating activities was USD 0.6 million in FY 2025, net cash provided by investing activities was USD 17.4 million, and net cash used in financing activities was USD 14.1 million. Cash and cash equivalents totaled USD 16.1 million at December 31, 2025. Business updates included the relocation of the distribution center, factory and corporate offices, which management said contributed to sales disruptions due to an approximately six-week closure. Tandy Leather ended FY 2025 with 101 retail stores (91 in the U.S., nine in Canada, and one in Spain). The company renewed its JPMorgan Chase credit facility through October 31, 2026, providing up to USD 4.0 million, with no borrowings outstanding as of the filing date. Tandy Leather also completed a share repurchase from former CEO Janet Carr, buying 430,897 shares at USD 3.00 per share (USD 1.3 million total) and cancelling the shares, and said USD 5.0 million remained available under its renewed share repurchase authorization through September 30, 2026.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tandy Leather Factory Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-26-006550), on February 24, 2026, and is solely responsible for the information contained therein.
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