LVWR earnings analysis
What we found in LVWR's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- 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.
- Improved Operating Loss
- Operating loss decreased to $17.7 million from $20.7 million in Q1 2025, a 14.5% improvement.
- Enhanced Motorcycle Sales
- Electric motorcycle unit sales surged by 176%, climbing to 91 units sold compared to 33 units last year.
- STACYC Segment Growth
- The STACYC segment revenue grew by 59.6%, reaching $3.7 million from $2.3 million year-over-year.
- Increased Free Cash Flow
- Free cash flow improved by 25%, highlighting effective cost management despite losses.
- Lower Debt Levels
- Interest expense decreased significantly due to a $1.4 million impact linked to previous related party loans, reflecting effective cost management.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Continued Operating Losses Persist
- Despite revenue growth, net loss remained significant at $18.1 million for Q1 2026, signaling ongoing financial challenges.
- 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.
- Market Volatility in EV Sector
- Ongoing geopolitical and economic volatility affects supply chains for critical materials like lithium-ion batteries.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.09
- Segment
- Electric Motorcycles: $1.4M
- Segment
- STACYC: $3.7M
What they said about what is next.
Management expects stable growth driven by new product launches and an expanding retail network.
The filing reads better than the one before it.
What came before.
- 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…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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