LVWR · Livewire Group, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.12M | - | $5.70M | $5.87M | $2.74M | - | $4.45M | $6.45M | $4.98M | - |
| Cost of Revenue | $5.65M | - | $8.60M | $5.32M | $4.91M | - | $5.96M | $8.23M | $9.11M | - |
| Gross Profit | ($537.0K) | - | ($2.90M) | $549.0K | ($2.17M) | - | ($1.52M) | ($1.78M) | ($4.13M) | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $17.14M | - | $15.91M | $18.81M | $18.50M | - | $25.00M | $26.38M | $26.30M | - |
| Total Operating Expenses | $22.79M | - | $24.51M | $24.14M | $23.41M | - | $30.97M | $34.61M | $35.40M | - |
| D&A | $2.42M | - | $2.69M | $2.59M | $3.08M | - | - | - | $2.33M | - |
| Operating Income | ($17.67M) | - | ($18.81M) | ($18.26M) | ($20.67M) | - | ($26.52M) | ($28.16M) | ($30.42M) | - |
| Interest Expense | $0 | - | - | - | - | - | - | - | - | - |
| Income Tax | $25.0K | - | $92.0K | ($10.0K) | $14.0K | - | $2.0K | $28.0K | ($4.0K) | - |
| Net Income | ($18.13M) | - | ($19.39M) | ($18.83M) | ($19.27M) | - | ($22.69M) | ($24.80M) | ($23.64M) | - |
| EPS - Basic | ($0.09) | - | ($0.10) | ($0.09) | ($0.09) | - | ($0.11) | ($0.12) | ($0.12) | - |
| EPS - Diluted | ($0.09) | - | ($0.10) | ($0.09) | ($0.09) | - | ($0.11) | ($0.12) | ($0.12) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $67.50M | $82.78M | $16.32M | $29.32M | $46.22M | $64.44M | $88.44M | $113.01M | $141.03M | $167.90M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | $14.22M | $15.26M | $22.86M | $27.61M | $28.49M | $26.94M | $33.36M | $34.06M | $35.10M | $32.12M |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | $87.80M | $104.89M | $46.26M | $64.91M | $81.62M | $98.36M | $127.37M | $151.49M | $182.40M | $210.73M |
| Total Assets | $127.62M | $146.41M | $89.22M | $109.77M | $128.25M | $147.96M | $178.30M | $204.92M | $237.09M | $266.15M |
| Current Liabilities | $20.45M | $22.67M | $24.06M | $27.24M | $28.60M | $29.85M | $35.94M | $38.77M | $44.13M | $46.27M |
| Long-term Debt | $74.19M | $74.18M | - | - | - | $0 | - | - | - | - |
| Total Liabilities | $99.31M | $100.38M | $27.42M | $30.09M | $31.06M | $32.84M | $40.64M | $45.89M | $53.31M | $60.28M |
| Stockholders' Equity | $28.32M | $46.03M | $61.80M | $79.68M | $97.19M | $115.11M | $137.66M | $159.03M | $183.78M | $205.86M |
| Retained Earnings | ($319.15M) | ($301.03M) | ($283.40M) | ($264.01M) | ($245.18M) | ($225.91M) | ($203.13M) | ($180.44M) | ($155.63M) | ($131.99M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($12.99M) | - | - | - | ($17.49M) | - | - | - | ($22.93M) | - |
| Investing Cash Flow | ($688.0K) | - | - | - | ($613.0K) | - | - | - | ($3.24M) | - |
| Financing Cash Flow | ($1.61M) | - | - | - | ($250.0K) | - | - | - | ($706.0K) | - |
| CapEx | $688.0K | - | - | - | $613.0K | - | - | - | $3.24M | - |
| Free Cash Flow | ($13.68M) | - | - | - | ($18.10M) | - | - | - | ($26.16M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | -10.5% | - | -50.9% | 9.3% | -79.0% | - | -34.2% | -27.6% | -82.9% | - |
| Operating margin | -345.5% | - | -330.0% | -311.0% | -753.4% | - | -596.7% | -436.7% | -611.1% | - |
| EBITDA margin | -298.3% | - | -282.7% | -266.9% | -640.9% | - | - | - | -564.4% | - |
| Net margin | -354.4% | - | -340.2% | -320.6% | -702.6% | - | -510.6% | -384.6% | -475.0% | - |
| Free cash flow margin | -267.5% | - | - | - | -660.0% | - | - | - | -525.6% | - |
| FCF / Net income | 0.75 | - | - | - | 0.94 | - | - | - | 1.11 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 335.0% | - | 279.1% | 320.3% | 674.4% | - | 562.5% | 409.1% | 528.2% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -14.2% | - | -21.7% | -17.2% | -15.0% | - | -12.7% | -12.1% | -10.0% | - |
| Return on equity | -64.0% | - | -31.4% | -23.6% | -19.8% | - | -16.5% | -15.6% | -12.9% | - |
| Return on invested capital | -13.6% | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 4.29 | 4.63 | 1.92 | 2.38 | 2.85 | 3.29 | 3.54 | 3.91 | 4.13 | 4.55 |
| Quick ratio | 3.60 | 3.95 | 0.97 | 1.37 | 1.86 | 2.39 | 2.62 | 3.03 | 3.34 | 3.86 |
| Cash ratio | 3.30 | 3.65 | 0.68 | 1.08 | 1.62 | 2.16 | 2.46 | 2.91 | 3.20 | 3.63 |
| Leverage | ||||||||||
| Debt / Equity | 2.62 | 1.61 | - | - | - | 0.00 | - | - | - | - |
| Debt / Assets | 0.58 | 0.51 | - | - | - | 0.00 | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 4.51 | 3.18 | 1.44 | 1.38 | 1.32 | 1.29 | 1.30 | 1.29 | 1.29 | 1.29 |
| Liabilities / Assets | 0.78 | 0.69 | 0.31 | 0.27 | 0.24 | 0.22 | 0.23 | 0.22 | 0.22 | 0.23 |
| Efficiency | ||||||||||
| Asset turnover | 0.04 | - | 0.06 | 0.05 | 0.02 | - | 0.02 | 0.03 | 0.02 | - |
| Inventory turnover | 0.40 | - | 0.38 | 0.19 | 0.17 | - | 0.18 | 0.24 | 0.26 | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | 919d | - | 970d | 1893d | 2118d | - | 2041d | 1510d | 1407d | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 12.0x | - | 15.7x | 11.8x | 4.2x | - | 9.0x | 9.8x | 8.0x | - |
| P / S | 66.4x | - | 169.8x | 159.5x | 148.4x | - | 278.9x | 241.3x | 295.0x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 86.5% | - | 28.3% | -8.9% | -44.9% | - | -45.4% | -8.2% | -35.9% | - |
| Revenue CAGR (3y) | -13.0% | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 75.2% | - | -90.9% | - | 47.5% | - | - | 39.4% | - | - |
| Operating income growth (YoY) | 14.5% | - | 29.1% | 35.2% | 32.1% | - | -4.7% | 11.9% | -22.1% | - |
| Net income growth (YoY) | 5.9% | - | 14.5% | 24.1% | 18.5% | - | -55.7% | 39.1% | -11.8% | - |
| EPS growth (YoY) | 0.0% | - | 9.1% | 25.0% | 25.0% | - | -57.1% | 0.0% | -20.0% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 24.4% | - | - | - | 30.8% | - | - | - | 10.4% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -70.9% | -60.0% | -55.1% | -49.9% | -47.1% | -44.1% | -42.3% | -36.2% | -36.1% | -32.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$31.74M totalSTACYCSegment$19.61M · 61.8%
Electric Motorcycle Segment$6.06M · 19.1%
Electronic Motor Cycle Segment$6.06M · 19.1%
Product / service
$21.87M totalElectric Balance Bikes And Electric Bikes$15.81M · 72.3%
Electric Motorcycles$4.69M · 21.4%
Part Accessories And Apparel$1.37M · 6.3%
Geographic
$25.67M totalUS$19.05M · 74.2%
Non Us$6.16M · 24.0%
AT$457.0K · 1.8%
Peer comparison
Same SIC group: Motorcycles, Bicycles & Parts
Comparing LiveWire Group against the 5 most active filers in the same SIC group.