Income statement, balance sheet and cash flow statement for the last 2 fiscal years, taken from the XBRL data Leef Brands Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2025
FY2025
Revenue
28.5
34.8
Cost of revenue
20.8
24.3
Gross profit
7.68
10.5
Research and development
0.02
0.02
Selling and marketing
0.44
0.27
General and administrative
2.4
3.12
Operating expenses
15.7
18.1
Operating income
-7.99
-7.59
Interest expense
5.16
2.37
Other non-operating income
-13.3
-7.52
Pre-tax income
-21.3
-15.1
Income tax
3.31
2.52
Net income
-24.6
-17.6
EBITDA
-6.94
-6.33
EPS, basic
-0.17
-0.10
EPS, diluted
-0.17
-0.10
Shares, basic (weighted)
143
185
Shares, diluted (weighted)
143
185
Balance sheet
FY2025
FY2025
Cash and equivalents
2.73
2.19
Receivables
2.39
1.59
Inventory
4.22
3.35
Other current assets
0.62
0.51
Total current assets
10.5
8.15
Property, plant and equipment
26
25
Lease right-of-use assets
2.44
1.68
Goodwill
0
0
Intangible assets
2.23
1.12
Other non-current assets
0.34
0.01
Total assets
43
36.4
Accounts payable
3.51
2.83
Accrued liabilities
3.1
1.94
Total current liabilities
11.4
8.35
Long-term debt
9.25
9.78
Lease liabilities
2.28
1.66
Total liabilities
55.4
44.7
Paid-in capital
110
131
Retained earnings
-122
-139
Other comprehensive income
-0.34
-0.34
Shareholders' equity
-12.4
-8.27
Total equity
-12.4
-8.27
Total liabilities and equity
43
36.4
Shares outstanding
173
258
Cash flow statement
FY2025
FY2025
Net income
-24.6
-17.6
Depreciation and amortization
1.04
1.26
Stock-based compensation
1.3
2.69
Deferred income tax
-0.13
-0.12
Change in receivables
0.14
0.8
Change in inventory
-0.93
0.82
Change in payables
-0.36
-0.51
Cash from operations
-1.05
-0.34
Capital expenditures
-5.92
-0.64
Cash from investing
-6.27
-0.75
Stock issued
2.28
1.35
Cash from financing
3.63
0.55
Net change in cash
-3.69
-0.54
Free cash flow
-6.97
-0.98
Interest paid
0.17
0.17
Key metrics
Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $0.18 on September 28, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
30.1%
Gross profit / revenue.
Operating margin
-21.8%
Operating income / revenue.
EBITDA margin
-18.2%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-43.4%
Pre-tax income / revenue.
Net margin
-50.7%
Net income / revenue.
FCF margin
-2.8%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-1.0%
Cash from operations / revenue.
Return on assets (ROA)
-44.4%
Net income / average total assets.
R&D / revenue
0.1%
Research and development expense / revenue.
Stock-based pay / revenue
7.7%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
1.8%
Capital expenditures / revenue.
D&A / revenue
3.6%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
22.1%
Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y
36.5%
Gross profit vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
-15.3%
Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y
29.7%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.98x
Current assets / current liabilities.
Quick ratio
0.45x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.26x
(Cash + short-term investments) / current liabilities.
Days inventory + days sales outstanding - days payables.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$0.10
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
-$0.10
Net income per basic share, as reported (split-adjusted).
Revenue per share
$0.19
Revenue / diluted weighted shares.
FCF per share
-$0.01
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$0.00
Cash from operations / diluted weighted shares.
Book value per share
-$0.03
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
1.61x
Market cap / revenue.
EV/Sales
1.55x
Enterprise value / revenue.
FCF yield
-1.7%
Free cash flow / market cap.
Earnings yield
-31.4%
Net income / market cap (the inverse of P/E).
What was Leef Brands Inc.'s revenue in fiscal 2025?
Leef Brands Inc. reported revenue of $34.8M for fiscal 2025, 22.1% higher than the year before.
Was Leef Brands Inc. profitable in fiscal 2025?
No. It reported a net loss of $17.6M.
How much free cash flow did Leef Brands Inc. generate in fiscal 2025?
Cash from operations of $336.9K minus capital expenditures of $642.0K left free cash flow of -$978.9K.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.