Liveone Inc Financials
This page shows Liveone Inc (LVO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Liveone Inc has an operating margin of -15.8%, meaning the company retains $-16 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -3.9% the prior year.
Liveone Inc's revenue declined 3.4% year-over-year, from $118.4M to $114.4M. This contraction results in a growth score of 19/100.
Liveone Inc's current ratio of 0.42 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.
Liveone Inc's free cash flow margin of 2.9% results in a low score of 14/100. Capital expenditures of $3.1M absorb a large share of operating cash flow.
Liveone Inc passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Liveone Inc generates $-0.34 in operating cash flow ($6.4M OCF vs -$18.7M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Liveone Inc earns $-6.7 in operating income for every $1 of interest expense (-$18.1M vs $2.7M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Liveone Inc generated $114.4M in revenue in fiscal year 2025. This represents a decrease of 3.4% from the prior year.
Liveone Inc's EBITDA was -$12.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 3000.2% from the prior year.
Liveone Inc generated $3.3M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 13.0% from the prior year.
Liveone Inc reported -$18.7M in net income in fiscal year 2025. This represents a decrease of 56.4% from the prior year.
Liveone Inc held $4.1M in cash against $0 in long-term debt as of fiscal year 2025.
Liveone Inc had 10M shares outstanding in fiscal year 2025. This represents a decrease of 90.2% from the prior year.
Liveone Inc's gross margin was 25.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.6 percentage points from the prior year.
Liveone Inc's operating margin was -15.8% in fiscal year 2025, reflecting core business profitability. This is down 11.8 percentage points from the prior year.
Liveone Inc's net profit margin was -16.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 6.3 percentage points from the prior year.
Liveone Inc invested $4.5M in research and development in fiscal year 2025. This represents a decrease of 4.4% from the prior year.
Liveone Inc spent $999K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 61.9% from the prior year.
Liveone Inc invested $3.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 0.6% from the prior year.
LVO Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q1'24 | Q1'23 | Q3'23 | Q2'23 | Q1'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $20.3M+8.0% | $18.8M-2.3% | $19.2M-30.8% | $27.8M | N/A | $27.3M+16.9% | $23.4M-39.8% | $38.8M |
| Cost of Revenue | $16.4M+1.8% | $16.2M-3.9% | $16.8M-14.0% | $19.6M | N/A | $19.4M+40.9% | $13.7M-55.6% | $30.9M |
| Gross Profit | $3.8M+46.6% | $2.6M+9.0% | $2.4M-71.0% | $8.2M | N/A | $7.9M-17.3% | $9.6M+22.8% | $7.8M |
| R&D Expenses | $310K-29.9% | $442K-52.7% | $934K-25.0% | $1.2M | N/A | $1.0M-16.5% | $1.2M-42.5% | $2.2M |
| SG&A Expenses | $4.2M-26.5% | $5.7M+40.0% | $4.1M-19.5% | $5.1M | N/A | $4.5M+1.3% | $4.5M-52.3% | $9.4M |
| Operating Income | -$2.0M+57.3% | -$4.6M-13.3% | -$4.0M-1482.0% | -$255K | N/A | -$574K+41.8% | -$987K+90.1% | -$10.0M |
| Interest Expense | -$993K+1.0% | -$1.0M-46.0% | -$687K-443.5% | $200K | N/A | $900K+800.0% | $100K-66.7% | $300K |
| Income Tax | $16K-60.0% | $40K | $0-100.0% | $79K | N/A | $11K-62.1% | $29K+1350.0% | $2K |
| Net Income | -$4.1M+26.6% | -$5.5M-54.2% | -$3.6M-597.7% | -$515K | N/A | -$2.5M+25.3% | -$3.4M+57.7% | -$8.1M |
| EPS (Diluted) | N/A | N/A | N/A | $-0.01 | N/A | $-0.03+25.0% | $-0.04+60.0% | $-0.10 |
LVO Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q1'24 | Q1'23 | Q3'23 | Q2'23 | Q1'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $52.3M-2.9% | $53.8M+10.0% | $48.9M-23.4% | $63.9M-3.1% | $65.9M-1.0% | $66.6M+0.7% | $66.1M-14.0% | $76.8M |
| Current Assets | $21.2M-5.0% | $22.3M-2.8% | $22.9M-5.7% | $24.3M-12.2% | $27.7M0.0% | $27.7M+9.1% | $25.4M-18.8% | $31.3M |
| Cash & Equivalents | $8.6M-26.4% | $11.7M-1.4% | $11.9M+70.2% | $7.0M-16.9% | $8.4M+1.9% | $8.3M-1.9% | $8.4M-34.8% | $12.9M |
| Inventory | $1.4M-3.1% | $1.5M+26.5% | $1.2M-35.8% | $1.8M-30.6% | $2.6M0.0% | $2.6M-9.5% | $2.9M+10.4% | $2.6M |
| Accounts Receivable | $9.8M+28.7% | $7.7M-8.1% | $8.3M-36.9% | $13.2M-3.3% | $13.7M-1.6% | $13.9M+7.2% | $13.0M-5.3% | $13.7M |
| Goodwill | $21.7M0.0% | $21.7M0.0% | $21.7M-7.1% | $23.4M0.0% | $23.4M0.0% | $23.4M0.0% | $23.4M0.0% | $23.4M |
| Total Liabilities | $62.8M+1.6% | $61.8M+1.3% | $61.0M-15.9% | $72.6M+17.0% | $62.1M-21.3% | $78.9M+3.5% | $76.2M-13.1% | $87.7M |
| Current Liabilities | $39.3M+10.7% | $35.5M+4.4% | $34.0M-27.5% | $46.8M+5.3% | $44.5M-6.2% | $47.4M+5.9% | $44.8M-25.5% | $60.1M |
| Long-Term Debt | $261 | N/A | N/A | N/A | N/A | N/A | N/A | $26.7M |
| Total Equity | -$19.0M-16.9% | -$16.2M+22.1% | -$20.8M-138.4% | -$8.7M-763.2% | -$1.0M+91.8% | -$12.3M-21.3% | -$10.1M+7.0% | -$10.9M |
| Retained Earnings | -$279.3M-1.6% | -$274.9M-2.2% | -$269.1M-12.6% | -$239.0M-6.6% | -$224.3M-2.7% | -$218.5M-1.2% | -$215.9M-1.0% | -$213.9M |
LVO Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q1'24 | Q1'23 | Q3'23 | Q2'23 | Q1'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.3M+29.5% | -$3.2M-5.3% | -$3.0M-200.1% | $3.0M+288.3% | $784K-63.9% | $2.2M+132.0% | -$6.8M-713.9% | $1.1M |
| Capital Expenditures | $651K-21.0% | $824K-19.2% | $1.0M+8.1% | $944K+135.4% | $401K-48.7% | $782K+62.6% | $481K-43.8% | $856K |
| Free Cash Flow | -$2.9M+27.7% | -$4.0M+0.9% | -$4.1M-293.7% | $2.1M+448.3% | $383K-72.4% | $1.4M+119.1% | -$7.3M-3036.0% | $247K |
| Investing Cash Flow | -$651K+88.8% | -$5.8M-471.0% | -$1.0M+19.4% | -$1.3M-215.7% | -$401K+48.0% | -$771K-56.4% | -$493K+42.5% | -$857K |
| Financing Cash Flow | -$187K-102.1% | $8.9M-25.1% | $11.8M+1187.1% | -$1.1M-386.2% | -$224K+25.3% | -$300K-109.1% | $3.3M+1213.1% | $252K |
| Dividends Paid | $0 | $0 | $0 | $0 | N/A | N/A | N/A | N/A |
| Share Buybacks | $14K-95.9% | $345K+43.8% | $240K-73.9% | $919K+310.3% | $224K | $0-100.0% | $941K | N/A |
LVO Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q1'24 | Q1'23 | Q3'23 | Q2'23 | Q1'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 18.8%+5.0pp | 13.8%+1.4pp | 12.4%-17.1pp | 29.5% | N/A | 29.1%-12.0pp | 41.1%+21.0pp | 20.2% |
| Operating Margin | -9.6%+14.7pp | -24.3%-3.4pp | -21.0%-20.1pp | -0.9% | N/A | -2.1%+2.1pp | -4.2%+21.5pp | -25.7% |
| Net Margin | -20.1%+9.5pp | -29.5%-10.8pp | -18.7%-16.9pp | -1.8% | N/A | -9.3%+5.3pp | -14.6%+6.2pp | -20.8% |
| Return on Equity | 21.4% | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -7.8%+2.5pp | -10.3%-3.0pp | -7.3%-6.5pp | -0.8% | N/A | -3.8%+1.3pp | -5.2%+3.5pp | -8.7% |
| Current Ratio | 0.54-0.1 | 0.63-0.0 | 0.68+0.2 | 0.52-0.1 | 0.62+0.0 | 0.58+0.0 | 0.57+0.0 | 0.52 |
| Debt-to-Equity | -3.31+0.5 | -3.81-0.9 | -2.93+5.4 | -8.30+53.0 | -61.28-54.9 | -6.41+1.1 | -7.51-5.1 | -2.44 |
| FCF Margin | -14.4%+7.1pp | -21.5%-0.3pp | -21.2%-23.3pp | 2.1% | N/A | 5.1%+36.1pp | -31.1%-30.6pp | -0.5% |
Note: Shareholder equity is negative (-$17.8M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.42), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Liveone Inc's annual revenue?
Liveone Inc (LVO) reported $114.4M in total revenue for fiscal year 2025. This represents a -3.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Liveone Inc's revenue growing?
Liveone Inc (LVO) revenue declined by 3.4% year-over-year, from $118.4M to $114.4M in fiscal year 2025.
Is Liveone Inc profitable?
No, Liveone Inc (LVO) reported a net income of -$18.7M in fiscal year 2025, with a net profit margin of -16.4%.
What is Liveone Inc's EBITDA?
Liveone Inc (LVO) had EBITDA of -$12.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Liveone Inc's gross margin?
Liveone Inc (LVO) had a gross margin of 25.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Liveone Inc's operating margin?
Liveone Inc (LVO) had an operating margin of -15.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Liveone Inc's net profit margin?
Liveone Inc (LVO) had a net profit margin of -16.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Liveone Inc's free cash flow?
Liveone Inc (LVO) generated $3.3M in free cash flow during fiscal year 2025. This represents a -13.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Liveone Inc's operating cash flow?
Liveone Inc (LVO) generated $6.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Liveone Inc's total assets?
Liveone Inc (LVO) had $40.5M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Liveone Inc's capital expenditures?
Liveone Inc (LVO) invested $3.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Liveone Inc spend on research and development?
Liveone Inc (LVO) invested $4.5M in research and development during fiscal year 2025.
Does Liveone Inc buy back shares?
Yes, Liveone Inc (LVO) spent $999K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Liveone Inc have outstanding?
Liveone Inc (LVO) had 10M shares outstanding as of fiscal year 2025.
What is Liveone Inc's current ratio?
Liveone Inc (LVO) had a current ratio of 0.42 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Liveone Inc's debt-to-equity ratio?
Liveone Inc (LVO) had a debt-to-equity ratio of -3.28 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Liveone Inc's return on assets (ROA)?
Liveone Inc (LVO) had a return on assets of -46.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Why is Liveone Inc's debt-to-equity ratio negative or unusual?
Liveone Inc (LVO) has negative shareholder equity of -$17.8M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Liveone Inc's Piotroski F-Score?
Liveone Inc (LVO) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Liveone Inc's earnings high quality?
Liveone Inc (LVO) has an earnings quality ratio of -0.34x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Liveone Inc cover its interest payments?
Liveone Inc (LVO) has an interest coverage ratio of -6.7x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Liveone Inc?
Liveone Inc (LVO) scores 8 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.