Every 10-Q that Tandy Leather Factory, Inc. (TLF) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow TLF and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full TLF filings page.
Tandy Leather Factory, Inc. reported modest top-line growth and stronger margins for the quarter and six months ended June 30, 2026. Net sales rose to $18.0 million for the quarter and $37.7 million year-to-date, up 1.5% and 2.4% from 2025, respectively. Gross profit increased more quickly than sales, reaching $11.7 million for the quarter and $23.7 million year-to-date, with gross margin expanding to % for the quarter and 62.8% year-to-date, driven primarily by pricing changes and limited discounts.
Operating expenses also increased, but income from operations improved to $0.5 million for the quarter and $0.9 million year-to-date. Net income was $0.4 million for the quarter and $0.6 million for the first half, versus a prior-year period that included a one-time $16.2 million gain on the sale of the former headquarters. Cash and cash equivalents declined to $6.4 million from $16.1 million at year-end, reflecting a $6.1 million special cash dividend, higher inventory, and negative operating cash flow of $2.4 million in the first half.
The company operates 101 stores and continues to run debt-free, with a $4.0 million undrawn credit facility. A renewed $5.0 million share repurchase authorization remains unused. Management highlights increased ongoing rent of more than $1.6 million annually for the new headquarters and flagship store, and notes tariff and inflation risks. Disclosure controls and procedures were assessed as effective.
Tandy Leather Factory, Inc. reported a modestly profitable quarter for the period ended March 31, 2026. Net sales rose to $19.7 million from $19.0 million, a 3.2% increase driven by sales campaigns, better product mix in stores, and growth in classes and community activities.
Gross profit increased to $12.0 million, with gross margin improving to 61.0% from 56.3%, mainly from pricing changes. Operating expenses rose to $11.6 million on higher compensation, occupancy, property taxes and healthcare, leaving income from operations at $0.4 million.
Net income was $0.2 million (basic and diluted EPS of $0.03) versus $11.6 million last year, when results included a $16.6 million gain on the Fort Worth headquarters sale. The company paid a one-time cash dividend of $0.75 per share (about $6.1 million), ending the quarter with $10.1 million in cash and an undrawn $4 million credit facility. Tandy operates 100 stores across the U.S., Canada and Spain.
Tandy Leather Factory (TLF) reported Q3 2025 results marked by stable sales but softer operating performance as it completed a major real estate transition. Net sales were $17.3 million (down 0.5% year over year). Gross margin improved to 58.9%, yet higher occupancy costs and relocation impacts led to an operating loss of $0.7 million and a net loss of $1.35 million (basic and diluted EPS $(0.17)).
For the nine months, net sales were $54.1 million (up 0.3%), with gross margin at 58.2%. A completed sale of the former headquarters generated a $16.2 million gain, lifting year‑to‑date net income to $10.0 million despite a small operating loss. Cash from the sale ($24.9 million net proceeds) was offset by a $12.7 million dividend and a $1.29 million share purchase from the former CEO; quarter‑end cash was $12.0 million.
The company signed a 10‑year lease for new headquarters effective July 2025, increasing rent expense; it operated 101 stores at quarter‑end. Subsequent to quarter‑end, TLF renewed its credit facility through October 31, 2026 for up to $4.0 million at CME Term SOFR + 210 bps, with no borrowings outstanding.