CAPE TOWN, South Africa (BRAIN) — Leatt Corporation reported year-over-year double-digit revenue growth for the fifth consecutive quarter and ended 2025 with double-digit growth in all of its major product categories.
Fourth-quarter revenue was $16.02 million, compared with $11.2 million, a 43% increase from the same period last year. For the year, revenue was $61.9 million, compared with $44 million, a 41% increase from 2024.
CEO Sean Macdonald said distributors are continuing to re-order and re-stock, while D2C sales in 2025 increased 44% year-over-year and dealer sales rose 22%.
Last year "was a remarkable year for us, fueled by strong international demand for our innovative products, improved stocking dynamics and ordering patterns, and a surge in consumer-direct sales," Macdonald said. "The growing global demand for our products and an expanding Leatt brand that reaches a much wider group of riders around the world are fueling tremendous traction and momentum."
Helmet sales for the year led all Leatt product categories, growing 59% compared to 2024. Other yearly product increases include parts and accessories (56%), footwear (40%), body armor (29%), and neck brace (18%).
Fourth-quarter net income was $464,808 ($0.07 earnings per share), compared with a net loss of $446,459 (minus-$0.07) at the same time last year. For 2025, net income was $3.26 million ($0.53 earnings per share), compared with a net loss of $2.2 million (minus-$0.53 per share) in 2024.
"Although there are some potentially challenging geo-political headwinds globally, domestic sales at the dealer level are gaining very promising traction, participation remains strong and international ordering patterns remain robust," Macdonald said.
Leatt is traded on the OTCQB markets under the LEAT symbol.
