---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-26-020562"
form_type: "8-K"
ticker: "TLF"
cik: "0000909724"
company_name: "TANDY LEATHER FACTORY INC"
filed_at: "2026-05-11T20:15:32+00:00"
generated_at: "2026-05-11T20:18:08.189931+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Tandy Leather Q1 2026 rev $19.7M (+3.2%); EPS $0.03 vs $1.35 prior (incl HQ sale)

## Summary
- Revenue $19.7M (+3.2% YoY); net income $0.2M vs $11.6M prior (sale of HQ included in prior year).
- Gross margin improved to 61.0% from 56.3% driven by pricing changes.
- Operating income $0.4M vs $0.3M; operating expenses rose 11.2% to $11.6M on comp, tech, occupancy.
- Cash $10.1M, down from $16.1M a year earlier; paid special dividend of $0.75/share (~$6.1M) in Q1.
- EBITDA from operations $0.7M; diluted EPS $0.03 vs $1.35 prior (year-ago included HQ sale gain).

## SEC filing metadata
- accession: 0001140361-26-020562
- form_type: 8-K
- ticker: TLF
- cik: 0000909724
- company_name: TANDY LEATHER FACTORY INC
- filed_at: 2026-05-11T20:15:32+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/909724/000114036126020562/0001140361-26-020562-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/909724/000114036126020562/ef20072747_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-020562
- JSON: https://secwatch.observer/filing/0001140361-26-020562.json
- Plain text: https://secwatch.observer/filing/0001140361-26-020562.txt

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