TANDY LEATHER FACTORY INC
TLFNasdaqConsumer Discretionary · Leather & Leather Products · DE · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $76.3M | $74.4M | $76.2M | $80.3M | $82.7M | $64.1M |
| Operating income | −$963,000 | $628,000 | $4.4M | $1.4M | $2.3M | −$6.3M |
| Net income | $9.1M | $827,000 | $3.8M | $1.2M | $1.4M | −$4.9M |
| Total assets | $86.6M | $74.9M | $72.1M | $68.6M | $73.1M | $75.7M |
| Total liabilities | — | — | — | — | — | — |
| Equity | $52.6M | $57.2M | $56.3M | $51.5M | $51.5M | $52.2M |
| EPS (diluted) | $1.10 | $0.09 | $0.45 | $0.15 | $0.16 | $-0.54 |
| Shares out. | 8.5M | 8.4M | 8.3M | 8.6M | 8.7M | 9.2M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −1.3%
- Net margin
- 11.9%
- Return on equity
- 17.3%
- Return on assets
- 10.5%
- Return on capital (ROCE)
- −1.3%
- Liabilities / assets
- —
- Debt / equity
- —
- Book value / share
- $6.19
- Revenue growth (YoY)
- 2.6%
- Net income growth (YoY)
- 1000.6%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Accruals / assets
- 11.1%high accruals
- Piotroski F-Score
- 3/8weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 severe● 3 warning● 2 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Negative operating cash flow
- High accruals — earnings-quality risk
- Strong return on equity (>15%)
- Revenue is growing year-over-year
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗Aug 15, 2019
- NT 10-Qmissed a reporting deadline ↗May 10, 1996
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Hedberg Lars JohanOfficer — Chief Executive Officer | Feb 18, 2026 | Option exercise | 100,000 | $0.00 |
| Carr Janet AOfficer — CEO | Oct 3, 2022 | Option exercise | 92,000 | $0.00 |
| Patel Sejal VinuDirector | Jun 7, 2022 | Grant | 2,800 | $2800.00 |
| Warren William MDirector | Jun 7, 2022 | Grant | 2,800 | $2800.00 |
| Pappas James CDirector | Jun 7, 2022 | Grant | 2,800 | $2800.00 |
| Cantrell Victoria MarieDirector | Jun 7, 2022 | Grant | 2,800 | $2800.00 |
| Carr Janet AOfficer — CEO | Jan 5, 2022 | Buy | 27,249 | $0.00 |
| Carr Janet AOfficer — CEO | Oct 2, 2021 | Option exercise | 92,000 | $0.00 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 26,417 | 2.1 | +13.7% |
| Apr 30, 2026 | 23,245 | 4.8 | +21.8% |
| Apr 15, 2026 | 19,092 | 1.0 | +96.9% |
| Mar 31, 2026 | 9,698 | 1.0 | -50.1% |
| Mar 13, 2026 | 19,425 | 1.0 | -51.4% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Results of operationsMay 11, 2026
- Results of operationsFeb 24, 2026
- Results of operationsNov 10, 2025
- Results of operationsAug 12, 2025
- Entered a material agreementJun 20, 2025
- Shareholder voteJun 13, 2025
- Results of operationsMay 12, 2025
- Results of operationsFeb 27, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (1)
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