10-K · June 29, 2026
LiveOne's 10-K filing for FY 2026 reveals a significant decline in revenue, down 33% to $77.1 million from $114.4 million in FY 2025, largely driven by a 79% drop in paid user service revenue. Despite raising guidance…
Earnings analysis · 10-Q
LVO earnings analysis
Filed August 14, 2026 · Our reading of the company's report
The latest report
LiveOne generated $19.35 million of revenue and reported EPS of $(0.23), while continuing to incur significant losses and use cash in operations. Liquidity remains strained, with a $13.2 million working-capital deficit,…
Read full summary
LiveOne generated $19.35 million of revenue and reported EPS of $(0.23), while continuing to incur significant losses and use cash in operations. Liquidity remains strained, with a $13.2 million working-capital deficit, $290.1 million accumulated deficit, and $2.1 million of operating cash outflow. The Tesla revenue concentration improved to 7% from 52% year over year and its license was extended to at least May 2027, but an unremediated internal-control material weakness and the absence of updated numeric guidance weigh on the outlook.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.23
What stood out
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Tesla concentration declined materially
Tesla accounted for 7% of consolidated revenue in the three months ended June 30, 2026, versus 52% in the comparable 2025 period. Tesla also extended LiveOne’s license agreement until at least May 2027.
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Internal-control remediation is underway
Management has continued remediation since March 2026, including engagement with an outside firm, enhanced risk-assessment procedures, and additional accounting staff hiring and training.
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Digital asset strategy discontinued
LiveOne discontinued its digital asset treasury strategy in June 2026 and had disposed of all digital asset holdings as of June 30, 2026.
What to watch
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Material weakness remains unremediated
Disclosure controls were not effective as of June 30, 2026 because a material weakness in entity-level controls identified during the year ended March 31, 2026 had not been remediated. The weakness relates to oversight, risk assessment, and monitoring controls.
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Persistent losses and liquidity pressure
The company reported a net loss of $3.1 million for the three months ended June 30, 2026, cash used in operating activities of $2.1 million, an accumulated deficit of $290.1 million, and a working-capital deficit of $13.2 million.
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Dependence on Tesla relationship
Tesla represented 7% of revenue in the current quarter, and its license may be terminated for convenience with prior notice. Tesla no longer pays for users other than grandfathered users beginning December 2024, creating ongoing customer-concentration and renewal risk.
Management's outlook
The 10-Q does not provide numeric revenue or EPS guidance. The previously cited $85 million-$95 million FY2027 revenue outlook was not addressed or updated.
Earlier filings 4
10-Q · February 13, 2026
LiveOne reported Q3 (three months ended December 31, 2025) revenue of $20.256M and GAAP loss per share of $(0.37), beating consensus. Gross margin was 18.8% and operating loss narrowed to -9.6%, but revenue declined…
10-Q · November 14, 2025
LiveOne reported revenue of $18.762M for the three months ended September 30, 2025, a sharp decline from $32.594M in the prior-year quarter, with gross margin collapsing to 13.8% and operating loss widening to -24.4% of…
10-Q · February 14, 2025
LiveOne reported quarterly revenue of $29,445,000 for the three months ended December 31, 2024, down from $31,245,000 in the year-ago quarter. Gross margin remained roughly stable at 24.3% but the company’s loss from…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.