Leafbuyer Technologies (LBUY) Q3 2025 Earnings Report

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.