Customer D was Rubber Leaf’s largest revenue line in fiscal 2025, bringing in $2.51M of $4.90M (51%).
| Customer | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Customer B | $5.34M | $8.59M | $6.92M | $2.40M | |
| Customer A | $5.26M | $1.28M | — | — | |
| Customer D | — | — | — | $2.51M | |
| Total | $10.60M | $9.87M | $6.92M | $4.90M |
Rubber Leaf brought in $4.90M from its two revenue lines in fiscal 2025, the year ended December 31, 2025. Rubber Leaf regrouped these revenue lines after fiscal 2024, so the total does not compare directly with that year's $6.92M. Customer D was the largest at $2.51M (51.1%), ahead of Customer B at $2.40M (48.9%).
Rubber Leaf began breaking out Customer D in fiscal 2025, when it brought in $2.51M. Rubber Leaf stopped reporting Customer A as a separate revenue line after fiscal 2023, when it brought in $1.28M.
Indirect Supply Model was Rubber Leaf’s largest segment in fiscal 2024, bringing in $6.91M of $6.93M (100%).
| Subsegments | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|
| Indirect Supply Model | $11.62M | $5.39M | $8.71M | $6.91M |
| Direct Supply Model | $2.98M | $5.26M | $1.28M | — |
| Original Equipment Manufacturers | — | — | — | $14.81K |
| Total | $14.60M | $10.65M | $9.99M | $6.93M |
Rubber Leaf brought in $6.93M from its two segments in fiscal 2024, the year ended December 31, 2024. Rubber Leaf regrouped these segments after fiscal 2023, so the total does not compare directly with that year's $9.99M. Indirect Supply Model was the largest at $6.91M (99.8%), ahead of Original Equipment Manufacturers at $14.81K (0.2%).
Rubber Leaf began breaking out Original Equipment Manufacturers in fiscal 2024, when it brought in $14.81K. Rubber Leaf stopped reporting Direct Supply Model as a separate segment after fiscal 2023, when it brought in $1.28M.
Rubber Leaf (RLEA) reports its revenue by customer and by subsegments. In fiscal 2025, Customer D was its largest revenue line, bringing in $2.51M (51.1% of the total), followed by Customer B at $2.40M (48.9%).
Customer D was Rubber Leaf's largest revenue line in fiscal 2025, bringing in $2.51M, or 51.1% of the $4.90M total across its two revenue lines.
Indirect Supply Model was Rubber Leaf's largest segment in fiscal 2024, bringing in $6.91M, or 99.8% of the $6.93M total across its two segments.
Every figure comes from Rubber Leaf's annual financial filings, as reported. Each line keeps the name Rubber Leaf gives it, and years follow its fiscal calendar.
Rubber Leaf's revenue by customer goes back to fiscal 2021, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.