Leef Brands Financials
This page shows Leef Brands (LEEEF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 2 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Leef’s cash burn eased mainly through lower reinvestment, while negative equity shows the business is still externally supported.
Between FY2024 and FY2025, free cash flow improved from-$7.0M to-$979K , but that came mostly from capital spending dropping from$5.9M to$642K rather than from the core business turning cash generative. Operating cash flow was still negative at-$337K , so the company became less cash-hungry without yet becoming self-funding.
FY2025 shows a real margin-shape improvement: gross margin rose to
The balance sheet still behaves like a financing-dependent operation. Cash of
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Leef Brands's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Leef Brands has an operating margin of -21.8%, meaning the company retains $-22 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -28.0% the prior year.
Leef Brands's revenue surged 22.1% year-over-year to $34.8M, reflecting rapid business expansion. This strong growth earns a score of 70/100.
Leef Brands's current ratio of 0.98 is below the typical benchmark, resulting in a score of 14/100. This tight liquidity could limit financial flexibility if cash inflows slow.
While Leef Brands generated -$337K in operating cash flow, capex of $642K consumed most of it, leaving -$979K in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Leef Brands passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Leef Brands generates $0.02 in operating cash flow (-$337K OCF vs -$17.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Leef Brands earns $-85.2 in operating income for every $1 of interest expense (-$7.6M vs $89K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Leef Brands generated $34.8M in revenue in fiscal year 2025. This represents an increase of 22.1% from the prior year.
Leef Brands's EBITDA was -$6.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 8.8% from the prior year.
Leef Brands reported -$17.6M in net income in fiscal year 2025. This represents an increase of 28.4% from the prior year.
Leef Brands earned $-0.10 per diluted share (EPS) in fiscal year 2025. This represents an increase of 41.2% from the prior year.
Cash & Balance Sheet
Leef Brands generated -$979K in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 86.0% from the prior year.
Leef Brands held $2.2M in cash against $0 in long-term debt as of fiscal year 2025.
Leef Brands had 258M shares outstanding in fiscal year 2025. This represents an increase of 49.1% from the prior year.
Margins & Returns
Leef Brands's gross margin was 30.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 3.2 percentage points from the prior year.
Leef Brands's operating margin was -21.8% in fiscal year 2025, reflecting core business profitability. This is up 6.2 percentage points from the prior year.
Leef Brands's net profit margin was -50.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 35.7 percentage points from the prior year.
Capital Allocation
Leef Brands invested $20K in research and development in fiscal year 2025. This represents an increase of 3.8% from the prior year.
Leef Brands invested $642K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 89.2% from the prior year.
LEEEF Income Statement
| Metric | Q1'26 | Q4'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|
| Revenue | $9.4M | N/A | $9.4M | N/A |
| Cost of Revenue | $283K | N/A | $241K | N/A |
| Gross Profit | $4.6M | N/A | $2.1M | N/A |
| R&D Expenses | $2K | N/A | $9K | N/A |
| SG&A Expenses | $602K | N/A | $797K | N/A |
| Operating Income | $1.3M | N/A | -$1.9M | N/A |
| Interest Expense | $317K | N/A | $593K | N/A |
| Income Tax | $975K | N/A | $721K | N/A |
| Net Income | -$426K | N/A | $266K | N/A |
| EPS (Diluted) | $-0.00 | N/A | $0.00 | N/A |
LEEEF Balance Sheet
| Metric | Q1'26 | Q4'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|
| Total Assets | $41.9M+15.0% | $36.4M | N/A | $43.0M |
| Current Assets | $13.7M+68.6% | $8.1M | N/A | $10.5M |
| Cash & Equivalents | $5.8M+162.7% | $2.2M | N/A | $2.7M |
| Inventory | $3.6M+7.0% | $3.4M | N/A | $4.2M |
| Accounts Receivable | $2.6M+65.4% | $1.6M | N/A | $2.4M |
| Goodwill | N/A | $0 | N/A | $0 |
| Total Liabilities | $47.6M+6.6% | $44.7M | N/A | $55.4M |
| Current Liabilities | $7.9M-6.0% | $8.3M | N/A | $11.4M |
| Long-Term Debt | N/A | N/A | N/A | N/A |
| Total Equity | -$5.7M+30.5% | -$8.3M+22.3% | -$10.6M+14.4% | -$12.4M |
| Retained Earnings | -$139.8M-0.3% | -$139.4M | N/A | -$121.7M |
LEEEF Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|
| Operating Cash Flow | $395K | N/A | -$1.8M | N/A |
| Capital Expenditures | $495K | N/A | $162K | N/A |
| Free Cash Flow | -$100K | N/A | -$2.0M | N/A |
| Investing Cash Flow | -$495K | N/A | -$162K | N/A |
| Financing Cash Flow | $3.7M | N/A | $182K | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A |
LEEEF Financial Ratios
| Metric | Q1'26 | Q4'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|
| Gross Margin | 49.3% | N/A | 22.1% | N/A |
| Operating Margin | 13.7% | N/A | -20.3% | N/A |
| Net Margin | -4.5% | N/A | 2.8% | N/A |
| Return on Equity | N/A | N/A | N/A | N/A |
| Return on Assets | -1.0% | N/A | N/A | N/A |
| Current Ratio | 1.75+0.8 | 0.98 | N/A | 0.92 |
| Debt-to-Equity | -8.28-2.9 | -5.40 | N/A | -4.46 |
| FCF Margin | -1.1% | N/A | -21.3% | N/A |
Note: Shareholder equity is negative (-$8.3M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.98), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Leef Brands's annual revenue?
Leef Brands (LEEEF) reported $34.8M in total revenue for fiscal year 2025. This represents a 22.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Leef Brands's revenue growing?
Leef Brands (LEEEF) revenue grew by 22.1% year-over-year, from $28.5M to $34.8M in fiscal year 2025.
Is Leef Brands profitable?
No, Leef Brands (LEEEF) reported a net income of -$17.6M in fiscal year 2025, with a net profit margin of -50.7%.
What is Leef Brands's EBITDA?
Leef Brands (LEEEF) had EBITDA of -$6.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Leef Brands's gross margin?
Leef Brands (LEEEF) had a gross margin of 30.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Leef Brands's operating margin?
Leef Brands (LEEEF) had an operating margin of -21.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Leef Brands's net profit margin?
Leef Brands (LEEEF) had a net profit margin of -50.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Leef Brands's free cash flow?
Leef Brands (LEEEF) generated -$979K in free cash flow during fiscal year 2025. This represents a 86.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Leef Brands's operating cash flow?
Leef Brands (LEEEF) generated -$337K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Leef Brands's total assets?
Leef Brands (LEEEF) had $36.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Leef Brands's capital expenditures?
Leef Brands (LEEEF) invested $642K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Leef Brands spend on research and development?
Leef Brands (LEEEF) invested $20K in research and development during fiscal year 2025.
What is Leef Brands's current ratio?
Leef Brands (LEEEF) had a current ratio of 0.98 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Leef Brands's debt-to-equity ratio?
Leef Brands (LEEEF) had a debt-to-equity ratio of -5.40 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Leef Brands's return on assets (ROA)?
Leef Brands (LEEEF) had a return on assets of -48.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Leef Brands's cash runway?
Based on fiscal year 2025 data, Leef Brands (LEEEF) had $2.2M in cash against an annual operating cash burn of $337K. This gives an estimated cash runway of approximately 78 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Leef Brands's debt-to-equity ratio negative or unusual?
Leef Brands (LEEEF) has negative shareholder equity of -$8.3M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Leef Brands's Piotroski F-Score?
Leef Brands (LEEEF) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Leef Brands's earnings high quality?
Leef Brands (LEEEF) has an earnings quality ratio of 0.02x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Leef Brands cover its interest payments?
Leef Brands (LEEEF) has an interest coverage ratio of -85.2x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Leef Brands?
Leef Brands (LEEEF) scores 14 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.