Executive Summary
Leafbuyer Technologies reported a solid QoQ and YoY improvement in QQ3 2025 metrics, underscored by revenue growth and margin stability. Revenue reached $1.728 million, up 15.5% year over year and 0.68% quarter over quarter, while gross margin stood at 46.9% and EBITDA rose to $0.252 million. Net income of $0.235 million and earnings per share of $0.0023 reflect improving profitability on a small-scale operation. Cash flow from operations was $0.152 million, contributing to free cash flow of $0.152 million and ending cash of $0.595 million. Importantly, the company maintains a debt-heavy balance sheet with total liabilities of $2.4318 million and total debt of $1.4051 million, resulting in negative stockholders’ equity (-$1.3125 million) and a very modest liquidity position (current ratio 0.445). While the near-term cash generation supports solvency and provides a foundation for potential deleveraging, the negative equity position and tight liquidity create a risk that warrants close monitoring. The company’s fundamentals—positive gross margins, cash flow generation, and a path to profitability—are favorable, but leverage and balance-sheet quality remain meaningful constraints for investors.
Key Performance Indicators
QoQ: 160.59% | YoY:280.67%
QoQ: 214.31% | YoY:237.00%
QoQ: 228.57% | YoY:235.29%
Key Insights
Revenue: $1,728,744 in Q3 2025, YoY +15.50%, QoQ +0.68%. Gross Profit: $810,869, Gross Margin: 46.91%. Operating Income: $251,906, Margin: 14.57%. EBITDA: $251,906, EBITDA Margin: 14.57%. Net Income: $235,154, Net Margin: 13.60%. EPS: $0.0023, Diluted EPS: $0.0023. Cash Flow from Operations: $152,035. Free Cash Flow: $152,035. Net Debt: $809,939. Total Debt: $1,405,144. Cash and Cash Equivalents: $595,205. Cash at End of Period: $595,205. Balance Sheet: Total Assets $1,119,446; Total Liabilities...
Financial Highlights
Revenue: $1,728,744 in Q3 2025, YoY +15.50%, QoQ +0.68%. Gross Profit: $810,869, Gross Margin: 46.91%. Operating Income: $251,906, Margin: 14.57%. EBITDA: $251,906, EBITDA Margin: 14.57%. Net Income: $235,154, Net Margin: 13.60%. EPS: $0.0023, Diluted EPS: $0.0023. Cash Flow from Operations: $152,035. Free Cash Flow: $152,035. Net Debt: $809,939. Total Debt: $1,405,144. Cash and Cash Equivalents: $595,205. Cash at End of Period: $595,205. Balance Sheet: Total Assets $1,119,446; Total Liabilities $2,431,976; Shareholders’ Equity: -$1,312,530. Liquidity: Current Ratio 0.445, Quick Ratio 0.445, Cash Ratio 0.305. DSO 13.23 days. Receivables Turnover 6.80x. P/S 1.16x, P/B -1.525x, EV/Revenue 11.16x. Revenue per Share (RPS) $0.0172; EPS Diluted $0.0023. Four-Quarter Trajectory (Q3 2025 vs Q2 2025): Revenue roughly flat on a QoQ basis with continued improvement in profitability metrics.
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
1.73M |
15.50% |
0.68% |
| Gross Profit |
810.87K |
44.01% |
7.51% |
| Operating Income |
251.91K |
280.67% |
160.59% |
| Net Income |
235.15K |
237.00% |
214.31% |
| EPS |
0.00 |
235.29% |
228.57% |
Key Financial Ratios
operatingProfitMargin
14.6%
operatingCashFlowPerShare
$0
Management Commentary
No earnings call transcript provided in the supplied data. Consequently, no management quotes or qualitative commentary from executives could be incorporated. The analysis below relies on disclosed financial results and reported metrics for QQ3 2025.
Forward Guidance
No formal management guidance was included in the provided data. Given the industry backdrop for cannabis deal platforms and Leafbuyer’s current financials, the plausible outlook duing the next 6–12 months centers on: (1) sustaining positive operating cash flow and free cash flow amid ongoing revenue growth; (2) potential margin stabilization or modest expansion as scale improves and fixed costs dilute; (3) deleveraging to address the negative stockholders’ equity and liquidity constraints. Investors should monitor: (a) retention and growth of advertisers and deal partners, (b) any steps toward debt reduction or refinancing, (c) updates on platform monetization initiatives (targeted ads, promotion packages), and (d) regulatory developments impacting online cannabis deal platforms.