Rubber Leaf Financials
This page shows Rubber Leaf (RLEA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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).
Rubber Leaf's current story is a disconnect between accounting profit and operating health, with liquidity still doing the heavy lifting.
In FY2025, reported earnings detached from operations: net income was$2.9M even though operating income was-$1.9M . Cash conversion also remained weak, with operating cash flow at-$154K , so the return to profit did not come from the core business becoming self-funding.
Unit economics improved because gross margin turned positive at
Liquidity slack is still very limited: year-end cash was only
Financial Health Signals
We are recalculating Rubber Leaf's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.
Rubber Leaf scores 17.87, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($185.0M) relative to total liabilities ($5.8M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Rubber Leaf passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Rubber Leaf generates $-0.05 in operating cash flow (-$154K OCF vs $2.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Rubber Leaf earns $-268.4 in operating income for every $1 of interest expense (-$1.9M vs $7K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Rubber Leaf generated $4.9M in revenue in fiscal year 2025. This represents a decrease of 29.2% from the prior year.
Rubber Leaf reported $2.9M in net income in fiscal year 2025. This represents an increase of 230.1% from the prior year.
Rubber Leaf earned $0.07 per diluted share (EPS) in fiscal year 2025. This represents an increase of 240.0% from the prior year.
Cash & Balance Sheet
Rubber Leaf held $1K in cash against $0 in long-term debt as of fiscal year 2025.
Rubber Leaf had 41M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Margins & Returns
Rubber Leaf's gross margin was 16.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 16.1 percentage points from the prior year.
Rubber Leaf's operating margin was -38.3% in fiscal year 2025, reflecting core business profitability. This is down 30.6 percentage points from the prior year.
Rubber Leaf's net profit margin was 58.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 90.3 percentage points from the prior year.
Rubber Leaf's ROE was 998.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Capital Allocation
RLEA Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.3M | N/A | $1.1M | N/A | N/A | $14K-99.3% | $2.0M+2.3% | $2.0M |
| Cost of Revenue | $3.0M | N/A | $1.1M+603.5% | $158K-2.4% | $162K+16737.3% | $961-100.0% | $2.0M+3.3% | $1.9M |
| Gross Profit | $285K | N/A | $33K+121.1% | -$158K+2.4% | -$162K-1374.2% | $13K+107.0% | -$181K-1946.9% | $10K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $62K | N/A | $42K-59.6% | $105K+31.6% | $80K+120.3% | -$393K-284.1% | $214K-34.0% | $324K |
| Operating Income | $223K | N/A | -$169K+35.9% | -$263K-229.3% | -$80K-108.4% | $949K+337.5% | -$400K+18.2% | -$489K |
| Interest Expense | -$21K | N/A | $73K-7.3% | $79K+20.7% | $65K-4.2% | $68K-8.9% | $75K-18.0% | $91K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | -$21+99.8% | -$9K |
| Net Income | $244K | N/A | -$242K+29.3% | -$342K+1.1% | -$345K+19.8% | -$430K+9.3% | -$474K+17.3% | -$574K |
| EPS (Diluted) | $0.01 | N/A | $-0.010.0% | $-0.010.0% | $-0.01 | N/A | $-0.010.0% | $-0.01 |
RLEA Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $8.6M+41.1% | $6.1M-73.4% | $22.9M+5.1% | $21.8M+0.5% | $21.7M-0.2% | $21.7M+3.1% | $21.1M+15.3% | $18.3M |
| Current Assets | $5.8M+75.2% | $3.3M-70.9% | $11.3M+12.1% | $10.1M+1.2% | $10.0M+0.6% | $9.9M-4.1% | $10.4M+33.5% | $7.8M |
| Cash & Equivalents | $3K+191.5% | $1K-100.0% | $2.2M0.0% | $2.2M0.0% | $2.2M-5.5% | $2.4M+5.8% | $2.2M0.0% | $2.2M |
| Inventory | N/A | N/A | $743K+0.6% | $739K+1.3% | $729K+0.6% | $725K-3.9% | $754K+3.4% | $729K |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $8.1M+38.9% | $5.8M-78.0% | $26.3M+5.4% | $24.9M+1.8% | $24.5M+1.2% | $24.2M+4.8% | $23.1M+16.3% | $19.9M |
| Current Liabilities | $8.0M+39.3% | $5.7M-78.2% | $26.3M+5.4% | $24.9M+1.8% | $24.5M+1.2% | $24.2M+4.8% | $23.1M+16.3% | $19.9M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $531K+85.0% | $287K+108.4% | -$3.4M-7.6% | -$3.2M-12.0% | -$2.8M-13.7% | -$2.5M-22.7% | -$2.0M-27.2% | -$1.6M |
| Retained Earnings | -$2.3M+9.6% | -$2.6M+59.8% | -$6.4M-4.0% | -$6.1M-5.9% | -$5.8M-6.4% | -$5.4M-8.6% | -$5.0M-10.5% | -$4.5M |
RLEA Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$78K-179.3% | -$28K-740.4% | -$3K+93.4% | -$50K+30.4% | -$72K-104.2% | $1.7M+1078.0% | -$176K+87.7% | -$1.4M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | $106K+18445.8% | -$579 | N/A |
| Financing Cash Flow | $80K+221.1% | $25K+1043.6% | $2K-95.7% | $50K-31.8% | $74K+104.0% | -$1.9M-1037.2% | $198K-86.5% | $1.5M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
RLEA Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 8.7% | N/A | 2.9% | N/A | N/A | 93.0%+102.0pp | -9.0%-9.5pp | 0.5% |
| Operating Margin | 6.8% | N/A | -14.7% | N/A | N/A | 6950.6%+6970.6pp | -20.0%+5.0pp | -25.0% |
| Net Margin | 7.5% | N/A | -21.1% | N/A | N/A | -3151.1%-3127.4pp | -23.7%+5.6pp | -29.3% |
| Return on Equity | 45.9% | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 2.8% | N/A | -1.1%+0.5pp | -1.6%+0.0pp | -1.6%+0.4pp | -2.0%+0.3pp | -2.3%+0.9pp | -3.1% |
| Current Ratio | 0.72+0.1 | 0.57+0.1 | 0.43+0.0 | 0.410.0 | 0.410.0 | 0.41-0.0 | 0.45+0.1 | 0.39 |
| Debt-to-Equity | 15.15-5.0 | 20.18+27.9 | -7.68+0.2 | -7.84+0.8 | -8.62+1.1 | -9.69+1.7 | -11.34+1.1 | -12.41 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: The current ratio is below 1.0 (0.57), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Frequently Asked Questions
What is Rubber Leaf's annual revenue?
Rubber Leaf (RLEA) reported $4.9M in total revenue for fiscal year 2025. This represents a -29.2% 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 Rubber Leaf's revenue growing?
Rubber Leaf (RLEA) revenue declined by 29.2% year-over-year, from $6.9M to $4.9M in fiscal year 2025.
Is Rubber Leaf profitable?
Yes, Rubber Leaf (RLEA) reported a net income of $2.9M in fiscal year 2025, with a net profit margin of 58.5%.
What is Rubber Leaf's gross margin?
Rubber Leaf (RLEA) had a gross margin of 16.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Rubber Leaf's operating margin?
Rubber Leaf (RLEA) had an operating margin of -38.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Rubber Leaf's net profit margin?
Rubber Leaf (RLEA) had a net profit margin of 58.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Rubber Leaf's return on equity (ROE)?
Rubber Leaf (RLEA) has a return on equity of 998.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Rubber Leaf's operating cash flow?
Rubber Leaf (RLEA) generated -$154K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Rubber Leaf's total assets?
Rubber Leaf (RLEA) had $6.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Rubber Leaf's current ratio?
Rubber Leaf (RLEA) had a current ratio of 0.57 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Rubber Leaf's debt-to-equity ratio?
Rubber Leaf (RLEA) had a debt-to-equity ratio of 20.18 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Rubber Leaf's return on assets (ROA)?
Rubber Leaf (RLEA) had a return on assets of 47.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Rubber Leaf's cash runway?
Based on fiscal year 2025 data, Rubber Leaf (RLEA) had $1K in cash against an annual operating cash burn of $154K. This gives an estimated cash runway of approximately 0 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.
What is Rubber Leaf's Altman Z-Score?
Rubber Leaf (RLEA) has an Altman Z-Score of 17.87, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Rubber Leaf's Piotroski F-Score?
Rubber Leaf (RLEA) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 Rubber Leaf's earnings high quality?
Rubber Leaf (RLEA) has an earnings quality ratio of -0.05x, 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 Rubber Leaf cover its interest payments?
Rubber Leaf (RLEA) has an interest coverage ratio of -268.4x, 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.