Flagship explainer

How TANDY LEATHER FACTORY, INC makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$76.3M · 100%Cost of revenue$32.8M · 43%Gross profit$43.5M · 57%Operating income−$963000 · −1%Income before tax$12.3M · 16%Income tax$3.2M · 4%Net income$9.1M · 12%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$76.3M100%
Cost of revenue$32.8M43%
$43.5M57%
−$963000−1%
Income before tax$12.3M16%
Income tax$3.2M4%
$9.1M12%
Source: · event Dec 31, 2025 · retrieved Oct 16, 2026 · annual-row source set
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