---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-018398"
form_type: "8-K"
ticker: "TLF"
cik: "0000909724"
company_name: "TANDY LEATHER FACTORY INC"
filed_at: "2025-05-12T23:59:59+00:00"
generated_at: "2026-05-22T01:06:08.542861+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Tandy Leather Q1 revenue $19.0M, operating income $0.3M; CEO warns of tariff impact

## Summary
- Revenue $19.0M (-1.2% YoY); operating income $0.3M vs $0.7M in Q1 2024.
- Net income from operations $0.3M; adjusted EBITDA from operations $0.6M.
- Special dividend of $1.50/share paid from HQ sale; cash $23.6M (up from $12.3M).
- Gross margin 56.3% (down 40 bps); operating expenses up 1.8% to $10.5M.
- CEO expects full-year operating losses from HQ move; warns tariffs will force price hikes.

## SEC filing metadata
- accession: 0001140361-25-018398
- form_type: 8-K
- ticker: TLF
- cik: 0000909724
- company_name: TANDY LEATHER FACTORY INC
- filed_at: 2025-05-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/909724/000114036125018398/0001140361-25-018398-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/909724/000114036125018398/ef20048801_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-018398
- JSON: https://secwatch.observer/filing/0001140361-25-018398.json
- Plain text: https://secwatch.observer/filing/0001140361-25-018398.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.