Tandy Leather Factory, Inc. (TLF)

From the record

Tandy Leather Factory, Inc.'s filings since 2017 show 10 warning events of 4 kinds: a notice about its exchange listing (8-K item 3.01, 7 times, the latest 2020-08-12); a warning not to rely on past financial statements (8-K item 4.02, the latest 2019-10-21); an auditor change (8-K item 4.01, the latest 2024-03-29); a late-report notice (Form NT 10-K or NT 10-Q, the latest 2019-08-15) (its current reports).

From the record

Tandy Leather Factory, Inc.'s 9 filed years say what it did: revenue went from $82 million in fiscal 2017 to $76 million in fiscal 2025, down 1% a year; it rose in 3 of 8 years; the deepest fall was 23% from fiscal 2018 to fiscal 2020; net income was positive in 7 of 9 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, Tandy Leather Factory, Inc.'s diluted share count shrank about 0.5% a year, and dividends and buybacks returned about 100% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Tandy Leather Factory, Inc. earned about 17 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 50 cents per dollar of everything the company owns. Leverage: it owed about 39 cents per dollar of assets, and net share issuance: its share count shrank 5.9% over the year (the filed statements).

From the record

Tandy Leather Factory, Inc.'s standing among 10 graded names in its industry family: revenue of $76 million in fiscal 2025 ranks in the bottom 17% by size; a net margin of 11.9% ranks in the top 25%; revenue growth of -1.7% a year over the last 3 filed years ranks in the top 45% (its annual reports).

From the record

Tandy Leather Factory, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Hedberg, Lars Johan (Chief Executive Officer, as filed), filing under that title since 2026-05-01, 6 months (bottom 6% of its family); the 5 officers and directors filing in the last fifteen months have been on the record a median of 6 months (bottom 6%); 4 officer or director changes were reported on Form 8-K since 2023-11-13, against the 5 people in charge now (bottom 19%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Tandy Leather Factory, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $16 million against no long-term debt tagged leaves 18.6% of its assets as net cash, top 5% of its family; cash from operations less capital spending is -10.6% of revenue (bottom 5%); a gross margin of 57% (top 35%) (its annual report).

From the record

Tandy Leather Factory, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -1.7% a year over the last three filed years against -1% over all 9, slowing (top 45% of its family); the newest year grew 2.6% (bottom 35%); capital spending grew 128.1% a year (top 5%) (its annual reports). Tandy Leather Factory, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

From the record

Tandy Leather Factory, Inc.'s newest year against its own record: revenue of $76 million in fiscal 2025 came in 6.6% above the $72 million its prior three years' pace pointed to (bottom 39% of its family); net income of $9 million against a prior three-year average of $2 million (top 6%); a net margin of 11.9% against 2.5% before (top 28%) (its annual reports).