LIVEWIRE GROUP INC Financials
LIVEWIRE GROUP INC (LVWR) reported $25.7M in revenue for fiscal year 2025, down 3.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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).
LiveWire’s recent improvement reflects overhead retrenchment and lower reinvestment, while gross margins still show a business below economic scale.
In the latest year, free cash burn improved by$44.6M from the prior year even though revenue fell, because SG&A, R&D, and capex were cut hard; that means the recovery came from spending restraint rather than a full repair in unit economics. Gross margin remained below zero at-17.3% , so each sale still failed to cover direct production cost.
The balance sheet shifted from debt-free funding to borrowed support: cash ended at
Even after cuts, SG&A alone was
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of LIVEWIRE GROUP INC's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
LIVEWIRE GROUP INC scores -2.35, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($231.4M) relative to total liabilities ($100.4M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
LIVEWIRE GROUP 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.
LIVEWIRE GROUP INC reported a net loss of $75.1M while operations used $53.5M of cash. With neither figure positive, the ratio between the two carries no quality signal.
LIVEWIRE GROUP INC reported an operating loss of $75.5M against $255K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
LIVEWIRE GROUP INC generated $25.7M in revenue in fiscal year 2025. This represents a decrease of 3.6% from the prior year.
LIVEWIRE GROUP INC's EBITDA was -$65.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 34.9% from the prior year.
LIVEWIRE GROUP INC reported -$75.1M in net income in fiscal year 2025. This represents an increase of 20.0% from the prior year.
LIVEWIRE GROUP INC earned -$0.37 per diluted share (EPS) in fiscal year 2025. This represents an increase of 19.6% from the prior year.
Cash & Balance Sheet
LIVEWIRE GROUP INC recorded an outflow of $57.4M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents an increase of 43.7% from the prior year.
LIVEWIRE GROUP INC held $82.8M in cash against $74.2M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
LIVEWIRE GROUP INC's gross margin was -17.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 30.7 percentage points from the prior year.
LIVEWIRE GROUP INC's ROE was -163.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 81.6 percentage points from the prior year.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
LIVEWIRE GROUP INC invested $23.9M in research and development in fiscal year 2025. This represents a decrease of 42.8% from the prior year.
LIVEWIRE GROUP INC spent $1.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 29.1% from the prior year.
LIVEWIRE GROUP INC invested $3.8M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 52.8% from the prior year.
LVWR Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|---|
| Revenue | $31.3M | $25.7M-3.6% | $26.6M-30.0% | $38.0M-18.8% | $46.8M+30.8% | $35.8M+16.0% | $30.9M |
| Cost of Revenue | $34.7M | $30.1M-23.6% | $39.4M-10.0% | $43.8M-0.3% | $43.9M+14.5% | $38.4M-31.2% | $55.8M |
| Gross Profit | -$3.4M | -$4.4M+65.3% | -$12.8M-121.5% | -$5.8M-298.8% | $2.9M+212.8% | -$2.6M+89.7% | -$25.0M |
| R&D Expenses | N/A | $23.9M-42.8% | $41.7M-22.8% | $54.1M+51.8% | $35.6M+0.9% | $35.3M+53.3% | $23.0M |
| SG&A Expenses | $68.8M | $71.1M-27.2% | $97.6M-11.5% | $110.2M+25.4% | $87.9M+33.9% | $65.6M+25.9% | $52.1M |
| Operating Income | -$72.2M | -$75.5M+31.6% | -$110.4M+4.9% | -$116.0M-36.5% | -$85.0M-24.6% | -$68.2M+11.5% | -$77.1M |
| Interest Expense | N/A | $255K | $0 | $0-100.0% | $1.2M+6168.4% | $19K-66.1% | $56K |
| Income Tax | $286K | $189K+339.5% | $43K-44.9% | $78K+336.4% | -$33K-123.9% | $138K-61.3% | $357K |
| Net Income | -$73.4M | -$75.1M+20.0% | -$93.9M+14.3% | -$109.5M-38.8% | -$78.9M-15.6% | -$68.3M+12.0% | -$77.6M |
| EPS (Diluted) | — | -$0.37+19.6% | -$0.46+14.8% | -$0.54-17.4% | -$0.46-9.5% | -$0.42+12.5% | -$0.48 |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
LVWR Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|
| Total Assets | $146.4M-1.0% | $148.0M-44.4% | $266.1M-24.3% | $351.8M+467.9% | $62.0M+19.7% | $51.7M |
| Current Assets | $104.9M+6.6% | $98.4M-53.3% | $210.7M-30.2% | $301.9M+909.2% | $29.9M | N/A |
| Cash & Equivalents | $82.8M+28.5% | $64.4M-61.6% | $167.9M-36.7% | $265.2M+9841.5% | $2.7M+11.1% | $2.4M |
| Inventory | $15.3M-43.4% | $26.9M-16.1% | $32.1M+10.0% | $29.2M+73.9% | $16.8M | N/A |
| Accounts Receivable | N/A | N/A | N/A | $2.3M-65.7% | $6.8M | N/A |
| Goodwill | $8.3M0.0% | $8.3M0.0% | $8.3M0.0% | $8.3M0.0% | $8.3M0.0% | $8.3M |
| Total Liabilities | $100.4M+205.6% | $32.8M-45.5% | $60.3M+33.9% | $45.0M+7.1% | $42.0M-15.5% | $49.7M |
| Current Liabilities | $22.7M-24.1% | $29.9M-35.5% | $46.3M+34.3% | $34.4M+22.9% | $28.0M | N/A |
| Long-Term Debt | $74.2M | $0 | N/A | N/A | N/A | N/A |
| Total Equity | $46.0M-60.0% | $115.1M-44.1% | $205.9M-32.9% | $306.8M+1439.8% | $19.9M+884.9% | $2.0M |
| Retained Earnings | -$301.0M-33.2% | -$225.9M-71.2% | -$132.0M-488.2% | -$22.4M | $0 | N/A |
LVWR Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$47.6M | -$53.5M+42.9% | -$93.9M-12.5% | -$83.5M+6.9% | -$89.7M-20.3% | -$74.5M-38.8% | -$53.7M |
| Capital Expenditures | $3.3M | $3.8M-52.8% | $8.1M-40.1% | $13.5M-4.4% | $14.1M+41.5% | $10.0M+206.8% | $3.2M |
| Free Cash Flow | -$50.9M | -$57.4M+43.7% | -$101.9M-5.2% | -$96.9M+6.6% | -$103.8M-22.8% | -$84.5M-48.3% | -$57.0M |
| Investing Cash Flow | -$3.7M | -$3.8M+52.8% | -$8.1M+40.1% | -$13.5M+4.4% | -$14.1M-41.5% | -$10.0M-206.8% | -$3.2M |
| Financing Cash Flow | $74.9M | $75.7M+5344.8% | -$1.4M-250.5% | -$412K-100.1% | $366.3M+332.2% | $84.8M+45.4% | $58.3M |
| Share Buybacks | $1.1M | $1.0M-29.1% | $1.4M-26.7% | $2.0M | $0 | $0 | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
LVWR Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|
| Gross Margin | -17.3%+30.7pp | -48.0%-32.8pp | -15.2%-21.4pp | 6.2%+13.4pp | -7.2%+73.7pp | -80.9% |
| Operating Margin | -294.0% | -414.4% | -305.1% | -181.4% | -190.4% | -249.7% |
| Net Margin | -292.6% | -352.7% | -288.1% | -168.6% | -190.7% | -251.3% |
| Return on Equity | -163.2%-81.6pp | -81.6%-28.4pp | -53.2%-27.5pp | -25.7%+317.0pp | -342.8%+3491.7pp | -3834.5% |
| Return on Assets | -51.3%+12.2pp | -63.5%-22.3pp | -41.2%-18.7pp | -22.4%+87.8pp | -110.2%+39.7pp | -149.9% |
| Current Ratio | 4.63+1.3x | 3.29-1.3x | 4.55-4.2x | 8.77+7.7x | 1.07 | N/A |
| Debt-to-Equity | 1.61+1.6x | 0.00-0.3x | 0.29+0.1x | 0.15-2.0x | 2.11-22.5x | 24.58 |
| FCF Margin | -223.4% | -382.7% | -254.9% | -221.6% | -236.0% | -184.5% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
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Where LIVEWIRE GROUP INC Ranks
Frequently Asked Questions
What is LIVEWIRE GROUP INC's annual revenue?
LIVEWIRE GROUP INC (LVWR) reported $25.7M in total revenue for fiscal year 2025. This represents a -3.6% 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 LIVEWIRE GROUP INC's revenue growing?
LIVEWIRE GROUP INC (LVWR) revenue declined by 3.6% year-over-year, from $26.6M to $25.7M in fiscal year 2025.
Is LIVEWIRE GROUP INC profitable?
No, LIVEWIRE GROUP INC (LVWR) reported a net income of -$75.1M in fiscal year 2025.
What is LIVEWIRE GROUP INC's EBITDA?
LIVEWIRE GROUP INC (LVWR) had EBITDA of -$65.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does LIVEWIRE GROUP INC have?
As of fiscal year 2025, LIVEWIRE GROUP INC (LVWR) had $82.8M in cash and equivalents against $74.2M in long-term debt.
What is LIVEWIRE GROUP INC's gross margin?
LIVEWIRE GROUP INC (LVWR) had a gross margin of -17.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is LIVEWIRE GROUP INC's return on equity (ROE)?
LIVEWIRE GROUP INC (LVWR) has a return on equity of -163.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is LIVEWIRE GROUP INC's free cash flow?
LIVEWIRE GROUP INC (LVWR) recorded an outflow of $57.4M in free cash flow during fiscal year 2025. This represents a 43.7% 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 LIVEWIRE GROUP INC's operating cash flow?
LIVEWIRE GROUP INC (LVWR) recorded an outflow of $53.5M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are LIVEWIRE GROUP INC's total assets?
LIVEWIRE GROUP INC (LVWR) had $146.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What are LIVEWIRE GROUP INC's capital expenditures?
LIVEWIRE GROUP INC (LVWR) invested $3.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does LIVEWIRE GROUP INC spend on research and development?
LIVEWIRE GROUP INC (LVWR) invested $23.9M in research and development during fiscal year 2025.
What is LIVEWIRE GROUP INC's current ratio?
LIVEWIRE GROUP INC (LVWR) had a current ratio of 4.63 as of fiscal year 2025, which is generally considered healthy.
What is LIVEWIRE GROUP INC's debt-to-equity ratio?
LIVEWIRE GROUP INC (LVWR) had a debt-to-equity ratio of 1.61 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is LIVEWIRE GROUP INC's return on assets (ROA)?
LIVEWIRE GROUP INC (LVWR) had a return on assets of -51.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is LIVEWIRE GROUP INC's cash runway?
Based on fiscal year 2025 data, LIVEWIRE GROUP INC (LVWR) had $82.8M in cash against an annual operating cash burn of $53.5M. This gives an estimated cash runway of approximately 19 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is LIVEWIRE GROUP INC's Altman Z-Score?
LIVEWIRE GROUP INC (LVWR) has an Altman Z-Score of -2.35, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is LIVEWIRE GROUP INC's Piotroski F-Score?
LIVEWIRE GROUP INC (LVWR) 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are LIVEWIRE GROUP INC's earnings high quality?
LIVEWIRE GROUP INC (LVWR) reported a net loss of $75.1M while operations used $53.5M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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 LIVEWIRE GROUP INC cover its interest payments?
LIVEWIRE GROUP INC (LVWR) reported an operating loss of $75.5M against $255K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 LIVEWIRE GROUP INC?
LIVEWIRE GROUP INC (LVWR) scores 56 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.