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Financials · LVWR

LiveWire Group Inc. (LVWR) financials

For the twelve months ended Sep 30, 2026, LiveWire Group Inc. reported $33.45M of revenue and -$72.58M of net income.

Revenue, TTM
$33.45M
Revenue growth, YoY
+33.4%
Net income, TTM
-$72.58M
Net margin
-217.0%
Free cash flow, TTM
-$49.80M
EPS, diluted, TTM
-$0.36
Cash
$39.92M
Total debt
$76.82M
P/S
2.88
Market cap
$96.2M
Annual revenue$25.67M
FY2020FY2025
Annual net income-$75.11M
FY2020FY2025
Annual free cash flow-$57.36M
FY2020FY2025

LVWR revenue and earnings growth

LVWR revenueQ3 2026$7.86M

Quarter YoY
+37.9%
QoQ
-13.7%
FY YoY
-3.6%
5Y CAGR
-3.6%

LVWR revenue was $7.86M in fiscal Q3 2026 (ended Sep 30, 2026), up 37.9% from a year earlier and down 13.7% from the prior quarter. For the full fiscal 2025 it was $25.67M, down 3.6% from fiscal 2024. Compound annual growth was -3.6% over 5 years. It rose in 2 of the last 5 fiscal years.

LVWR net incomeQ3 2026-$18.62M

LVWR net income was -$18.62M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$19.39M a year earlier. For the full fiscal 2025 it was -$75.11M, compared with -$93.92M in fiscal 2024.

LVWR EPSQ3 2026-$0.09

LVWR diluted EPS was -$0.09 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$0.10 a year earlier. For the full fiscal 2025 it was -$0.37, compared with -$0.46 in fiscal 2024.

LVWR free cash flowQ3 2026-$12.93M

LVWR free cash flow was -$12.93M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$14.02M a year earlier. For the full fiscal 2025 it was -$57.36M, compared with -$101.93M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Revenue$25.67M$26.63M$38.02M$46.83M$35.81M$30.86M
Cost of revenue$30.11M$39.42M$43.80M$43.93M$38.38M$55.82M
Gross profit-$4.43M-$12.78M-$5.77M$2.90M-$2.57M-$24.96M
Research and development$23.89M$41.74M$54.07M$35.61M$35.31M$23.04M
Selling, general and admin$71.05M$97.57M$110.22M$87.86M$65.61M$52.10M
Operating income-$75.48M-$110.36M-$115.99M-$84.95M-$68.18M-$77.06M
Pre-tax income-$74.92M-$93.88M-$109.47M-$78.97M-$68.15M-$77.22M
Income tax$189.0K$43.0K$78.0K-$33.0K$138.0K$357.0K
Net income-$75.11M-$93.92M-$109.55M-$78.94M-$68.29M-$77.57M
EPS, basic-$0.37-$0.46-$0.54-$0.46-$0.42-$0.48
EPS, diluted-$0.37-$0.46-$0.54-$0.46-$0.42-$0.48
Diluted shares203.7M203.2M202.5M172.0M161.0M161.0M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Cash and equivalents$82.78M$64.44M$167.90M$265.24M$2.67M$2.40M
Receivables---$2.33M$6.77M-
Inventory$15.26M$26.94M$32.12M$29.21M$16.80M-
Current assets$104.89M$98.36M$210.73M$301.93M$29.92M-
Goodwill$8.33M$8.33M$8.33M$8.33M$8.33M$8.33M
Total assets$146.41M$147.96M$266.15M$351.81M$61.95M$51.74M
Current liabilities$22.67M$29.85M$46.27M$34.44M$28.01M-
Short-term debt$800.0K$0----
Long-term debt$74.18M$0----
Total debt$74.98M$0----
Total liabilities$100.38M$32.84M$60.28M$45.01M$42.03M-
Shareholders' equity$46.03M$115.11M$205.86M$306.80M$19.93M$2.02M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Operating cash flow-$53.55M-$93.86M-$83.46M-$89.68M-$74.54M-$53.71M
Capital expenditures$3.81M$8.07M$13.46M$14.08M$9.95M$3.24M
Free cash flow-$57.36M-$101.93M-$96.92M-$103.76M-$84.49M-$56.96M
Investing cash flow-$3.81M-$8.07M-$13.46M-$14.08M-$9.95M-$3.24M
Financing cash flow$75.73M-$1.44M-$412.0K$366.33M$84.76M$58.30M
Share repurchases$1.02M$1.44M$1.97M$0$0-
Stock-based compensation$4.94M$4.63M$8.93M$394.0K$786.0K$188.0K
Depreciation and amortization$10.14M$10.04M$5.83M$4.40M$4.72M$3.94M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Revenue growth, YoY-3.6%-30.0%-18.8%30.8%16.0%-
Gross margin-17.3%-48.0%-15.2%6.2%-7.2%-80.9%
Operating margin-294.0%-414.4%-305.0%-181.4%-190.4%-249.7%
Net margin-292.6%-352.7%-288.1%-168.6%-190.7%-251.3%
Free cash flow margin-223.4%-382.7%-254.9%-221.6%-236.0%-184.5%
Return on equity-163.2%-81.6%-53.2%-25.7%-342.7%-3834.5%
Return on assets-51.3%-63.5%-41.2%-22.4%-110.2%-149.9%
Current ratio4.633.294.558.771.07-
Debt to equity1.630.00----

Source: XBRL data LiveWire Group Inc. files with the SEC, latest filing dated Nov 4, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

LVWR peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
LVWR$33.45M+33.4%-$72.58M-217.0%$96.2M
LKQ$13.51B-0.4%$254.00M1.9%$5.10B
HOG$3.98B-14.6%-$133.44M-3.4%$3.46B
FOXF$1.43B-2.2%-$407.56M-28.6%$746.1M
INEO$58.42M-6.9%-$397.0K-0.7%$9.6M
LOBO$23.22M+9.6%-$5.48M-23.6%$5.3M
EZGO$20.49M+12.4%-$8.69M-42.4%$3.0M
CTNT$1.42M+26.5%-$2.93M-206.8%$2.3M

LVWR FAQ

9 questions
  • What is LVWR revenue?
    LiveWire Group Inc. (LVWR) reported $33.45M of revenue for the twelve months ended Sep 30, 2026. That is up 33.4% from the year before. Revenue for fiscal 2025 was $25.67M.
  • Is LVWR profitable?
    No. LiveWire Group Inc. reported a net loss of $72.58M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does LVWR have?
    LiveWire Group Inc. reported $39.92M in cash and cash equivalents and $76.82M of debt on its most recent balance sheet in SEC filings.
  • How fast is LVWR revenue growing?
    LiveWire Group Inc.'s revenue changed -3.6% in fiscal 2025, to $25.67M. Its compound annual growth rate was -3.6% over 5 years.
  • What is LVWR gross margin?
    LiveWire Group Inc.'s gross profit was -$871.0K on $33.45M of revenue for the twelve months ended Sep 30, 2026, a gross margin of -2.6%.
  • What is LVWR free cash flow?
    LiveWire Group Inc. generated -$49.80M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of -$46.24M less capital expenditures.
  • What is LVWR earnings per share?
    Diluted earnings per share were -$0.36 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did LVWR last report financial results?
    The latest statements here come from LiveWire Group Inc.'s 10-Q filed on Nov 4, 2026, covering the period ended Sep 30, 2026.
  • Where does this LVWR financial data come from?
    Quantisnow builds these statements from the structured XBRL data LiveWire Group Inc. files with the SEC. It is provided for information only and is not investment advice.