10-Q · November 6, 2024
LiveWire reported Q3 revenue of $4,445,000 (down from $8,144,000 in Q3 2023) and GAAP diluted loss per share of $(0.11). Gross margin was negative (~-34.2%) and operating margin was deeply negative (~-596.7%), with…
Earnings analysis · 10-Q
LVWR earnings analysis
Filed May 6, 2026 · Our reading of the company's report
The latest report
LiveWire Group, Inc. reported a first quarter 2026 revenue of $5.1 million, surpassing expectations and showing significant improvement from previous quarters. The company experienced a notable increase in both electric…
Read full summary
LiveWire Group, Inc. reported a first quarter 2026 revenue of $5.1 million, surpassing expectations and showing significant improvement from previous quarters. The company experienced a notable increase in both electric motorcycle unit sales and overall revenue, although it continues to report operating losses and negative EPS of -$0.09. Management reiterated its strategic focus on product innovation and cost management amidst the evolving electric vehicle market.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
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
- $-0.09
What stood out
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Revenue Increased by 235.8% YoY
Revenue rose to $5.1 million from $1.4 million in Q1 2025, a 235.8% increase, demonstrating strong growth.
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Improved Operating Loss
Operating loss decreased to $17.7 million from $20.7 million in Q1 2025, a 14.5% improvement.
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Enhanced Motorcycle Sales
Electric motorcycle unit sales surged by 176%, climbing to 91 units sold compared to 33 units last year.
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STACYC Segment Growth
The STACYC segment revenue grew by 59.6%, reaching $3.7 million from $2.3 million year-over-year.
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Increased Free Cash Flow
Free cash flow improved by 25%, highlighting effective cost management despite losses.
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Lower Debt Levels
Interest expense decreased significantly due to a $1.4 million impact linked to previous related party loans, reflecting effective cost management.
What to watch
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Continued Operating Losses Persist
Despite revenue growth, net loss remained significant at $18.1 million for Q1 2026, signaling ongoing financial challenges.
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Dependency on External Financing
The company's February 2026 term loan with H-D could create liquidity risks if repayment becomes due without sufficient revenues.
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Market Volatility in EV Sector
Ongoing geopolitical and economic volatility affects supply chains for critical materials like lithium-ion batteries.
Management's outlook
Management expects stable growth driven by new product launches and an expanding retail network.
Earlier filings 4
10-Q · May 6, 2024
LiveWire reported Q1 revenue of $4,978,000, down from $7,762,000 a year ago, producing a gross margin of -82.9% and an operating loss of $30,422,000. Net loss widened to $23,644,000 (EPS $(0.12)), cash declined to…
10-K · February 23, 2024
LiveWire positions itself as a pioneer in premium two‑wheel electric vehicles, leaning on strategic partnerships (Harley‑Davidson and the KYMCO Group), an in‑house ARROW architecture and a pipeline that begins with the…
10-Q · August 9, 2023
LiveWire reported Q2 revenue of $7,026,000 and a net loss of $40,732,000 (EPS loss $0.20) for the quarter ended June 30, 2023. Revenue declined sharply versus the year-ago quarter ($12,506,000) and operating loss…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.