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LAKE

Lakeland Industries, Inc.

LAKE

Lakeland Industries, Inc. • NASDAQ
$15.18 ▲ 0.40% (+0.06)
Market Cap $145.28 M
52w High $27.28
52w Low $12.76
Dividend Yield 0.12%
P/E -5.42
Volume 32.22K
Outstanding Shares 9.57M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $52.496M ▲ $15.783M ▼ $766K ▲ 1.459% ▲ $0.08 ▲ $-2.755M ▲
Q1-2026 $46.746M ▲ $20.278M ▼ $-3.913M ▲ -8.371% ▲ $-0.41 ▲ $-3.39M ▲
Q4-2025 $46.628M ▲ $29.377M ▲ $-18.438M ▼ -39.543% ▼ $-2.48 ▼ $-17.912M ▼
Q3-2025 $45.761M ▲ $17.753M ▲ $86K ▲ 0.188% ▲ $0.012 ▲ $1.942M ▲
Q2-2025 $38.512M $16.826M $-1.376M -3.573% $-0.19 $-281K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2026 $17.749M ▼ $226.304M ▲ $79.042M ▲ $147.262M ▲
Q1-2026 $18.618M ▼ $218.128M ▲ $74.746M ▲ $143.382M ▼
Q4-2025 $17.476B ▲ $212.531M ▲ $65.905M ▼ $146.626M ▲
Q3-2025 $15.839M ▼ $201.213M ▲ $76.525M ▲ $124.688M ▼
Q2-2025 $24.88M $198.421M $73.705M $124.716M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $3.151B ▲ $-9.655M ▼ $-2.129M ▼ $10.932M ▲ $17.73M ▲ $-11.784M ▼
Q1-2026 $-3.913M ▲ $-4.841M ▼ $-1.209M ▲ $8.507M ▼ $1.142M ▼ $-6.05M ▼
Q4-2025 $-18.438M ▼ $-3.387M ▲ $-22.355M ▼ $28.337M ▲ $1.637M ▲ $-3.442M ▲
Q3-2025 $86K ▲ $-8.441M ▼ $-956K ▲ $1.203M ▼ $-9.041M ▼ $-9.084M ▼
Q2-2025 $-1.376M $-4.346M $-15.185M $15.462M $-3.485M $-4.722M

Five-Year Company Overview

Income Statement

Income Statement Revenue has been relatively steady over the past few years, with a small dip after the pandemic surge and then a recovery. The company clearly benefitted from heightened PPE demand earlier, then had to work through a more normal environment. Profitability has been up and down. Lakeland moved from very strong profits a few years ago to more modest earnings, and most recently slipped into a loss. That suggests some combination of weaker pricing, higher costs, or integration and growth investments weighing on near‑term results. Margins are still reasonable by apparel standards but are not as strong as they were at the peak, and earnings volatility is a key feature of the story. Overall, the income statement shows a business that is fundamentally viable but exposed to swings in demand and costs, with current results in a softer patch compared with prior peak years.

Balance Sheet

Balance Sheet The balance sheet looks generally conservative. Total assets have grown gradually, which fits with a company adding capabilities and acquisitions over time rather than pursuing aggressive, high‑risk expansion. Debt has appeared and increased modestly in recent years, but it remains small relative to the company’s size. Equity has edged up over time, which indicates that, despite recent earnings pressure, the company has not been eroding its capital base. Cash balances have come down from earlier levels, but the company still holds a meaningful cash cushion. Put together, Lakeland appears to be managing its finances prudently, with room to maneuver but less excess cash than before.

Cash Flow

Cash Flow Cash generation has been choppy. Some years show healthy cash inflows from day‑to‑day operations, while other years, including the most recent period, show cash outflows. This stop‑and‑start pattern often reflects swings in working capital, demand normalization after a boom, and costs tied to growth or integration. Because capital spending is quite light, free cash flow mostly tracks operating cash flow. When the business runs well, it converts earnings into cash effectively; when conditions soften, free cash flow can quickly turn negative. Overall, Lakeland is not a heavy spender on fixed assets, but its cash profile is sensitive to business cycles and inventory and receivables management.

Competitive Edge

Competitive Edge Lakeland operates in a crowded PPE and protective apparel market, competing with much larger global players. Its edge comes less from sheer size and more from how it runs its operations and where it focuses. Vertical integration—owning its own manufacturing—gives it better control over quality, lead times, and costs than peers who rely heavily on outsourcing. This was particularly valuable during recent supply disruptions, when many competitors struggled to deliver. The company has also been building a strong position in fire services through targeted acquisitions, offering a “head‑to‑toe” portfolio for firefighters. Combined with a broad international distribution network, this creates sticky customer relationships and cross‑selling opportunities, though it also increases execution and integration risk.

Innovation and R&D

Innovation and R&D Innovation is a clear strategic priority. Lakeland invests in advanced materials and holds patents for specialized protective fabrics, aiming to offer better protection and comfort than basic commodity gear. A standout move is its push into “smart PPE” via its investment in Bodytrak, adding real‑time health and safety monitoring to traditional protective garments. This shifts Lakeland from selling only passive protection to enabling active, data‑driven safety management, which could be a meaningful differentiator if adoption grows. The company is also layering on services—such as decontamination, inspection, and repair—around its products. That helps create recurring revenue and deeper customer ties, but it will take time to prove the scale and profitability of these newer offerings.

Summary

Lakeland has transitioned from a pandemic‑boosted earnings peak to a more challenging, investment‑heavy phase. Revenue has stabilized, but profits have softened and recently turned negative, reflecting both normalized demand and the costs of building out a broader, more sophisticated business. The balance sheet remains sound, with moderate leverage and a reasonable cash position, giving the company capacity to keep executing its strategy, though with less financial slack than in prior years. Cash flow is cyclical and sensitive to operating conditions, underscoring the importance of disciplined inventory and cost management. Strategically, Lakeland is leaning into its strengths: in‑house manufacturing, global reach, and a focused push into higher‑value fire and industrial safety markets, including smart and connected PPE. The main watchpoints are integration of acquisitions, successful commercialization of new technologies and services, and the company’s ability to translate these strategic moves into more stable and improved profitability over time.

NEWS

November 19, 2025 · 8:31 AM UTC

Lakeland Advances Growth Strategy Through California PPE Expansion

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October 17, 2025 · 8:00 AM UTC

REJUVENATION OPENS 13TH STORE NATIONWIDE IN SALT LAKE CITY

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September 15, 2025 · 8:31 AM UTC

Lakeland Fire + Safety Awarded USD $5.6 Million Contract from Hong Kong Fire Services Department

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September 9, 2025 · 4:01 PM UTC

Lakeland Fire + Safety Reports Fiscal Second Quarter 2026 Financial Results

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September 3, 2025 · 8:31 AM UTC

Lakeland Fire + Safety to Attend Upcoming Investor Conferences in September

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