Leatt bucks industry trends with strong Q2 global growth reported

Leatt, active in Moto and MTB, has shared details of its Q2 2025 business performance, highlighting a global revenues increase of 61% and Net income increases 208%.

Announcing financial results for Q2, ending June 30, 2025, the business highlighted the following stand-out details:

Second Quarter 2025 Summary

• Revenues were $16.18 million, up 61% compared to the second quarter of 2024.

• Gross profit was $6.89 million, up 76% compared to the second quarter of 2024.

• Income from operations was $1.40 million, up 224% compared to the second quarter of 2024.

• Cash and cash equivalents increased 27% to $15.73 million.

• Cash flows provided by operations for the first six months was $4.11 million.

• Net income was $1.14 million, up 208% compared to the second quarter of 2024.

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*All financial numbers are in U.S. dollars.

In sharing the news, Chief Executive Officer Sean Macdonald commented: “The second quarter of 2025 was a fantastic quarter for Leatt.

“For the first six months of 2025, our revenues increased by $10.85 million or 52% to $31.54 million, and net income increased by $4.13 million or 221%, to $2.26 million. Cash increased by $3.36 million, to $15.73 million for the first six months of the year, with cashflows provided by operations of $4.11 million.

“In the second quarter of 2025, we achieved global double-digit revenue growth in all of our major product categories as we continue to invest in a pipeline of cutting-edge products and innovations to reach a wider rider community. Body armour revenues that include upper body armour, limb protection and footwear increased by 48%, helmet revenues increased by 117%, other product, parts, and accessory sales that include apparel, goggles, and components increased by 65%, and neck brace sales increased by 19%, compared to the second quarter of 2024.

“Gross profit as a percentage of sales continued to improve, increasing from 39% in the second quarter of 2024 to 43% this quarter, as domestic trading conditions continue to improve despite some tariff uncertainty.

“Consumer direct sales, a channel that remains an encouraging growth engine for us, increased by 35%, compared to the second quarter of 2024. Dealer direct MOTO and MTB sales in the U.S. were another highlight, returning to growth with global dealer sales increasing by 45% in the second quarter. Although U.S. MOTO and MTB brick and mortar dealers continue to manage some areas of elevated inventory levels and industry turmoil that is stabilizing, participation and demand for our products remain strong.”

Business Outlook

Macdonald states: “Our entire team is energized by the increasingly strong demand for Leatt products around the world, our consistent revenue growth, and the progress that we are making in working our way out of the industry-wide post-COVID contraction.

“The strong revenue growth is being fueled by international sell-through and re-stocking dynamics and domestic sales outreach programs that are gaining momentum, as we continue to invest in our team selling capabilities and brand. We expect this trend to continue as re-ordering patterns continue to improve and filter through to our revenues.

“Although there are still some challenging geo-political and economic headwinds globally, particularly in the U.S., where tariffs could impact inflation, uncertainty, and demand, inventory continues to be digested, our domestic sales outreach and capabilities are gaining traction, and participation remains strong. We continue to manage our costs of sales actively and are working closely with suppliers and customers to mitigate tariff risks and costs as possible.

“We believe strongly that our strategy of investing in talent, innovative product development, and in the development of Leatt as a global consumer-facing brand that appeals to a wide community of riders around the world, will continue to fuel growth moving forward.

“We remain confident that we are well-positioned for future growth and sustained shareholder value.”