LVWRNYSEMotorcycles, Bicycles & PartsFiscal year ends December 31Also trades as LVWR.WT
LiveWire Group, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$1.55+0.00 (0.00%)
Close on Oct 19, 2026
- Market cap
- $317.81M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2019 to 2025
Gross margin
-17.3%+63.6 pts over 5 years
Operating margin
-294.0%−44.4 pts over 5 years
Net margin
-292.6%−41.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -3.6% | -18.2% | -3.6% | – |
Returns and balance sheet
7 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2019 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | -651.3% | -93.2% | |
| Return on assets | – | – | -51.0% | |
| Current ratio | – | – | 4.63 | |
| Debt to equity | – | – | 1.63 | |
| Net debt to EBITDA | – | – | 0.12× | |
| Inventory turnover | – | – | 1.4× | |
| Capex to revenue | – | 10.5% | 14.8% | |
| Diluted shares | – | 161M | 204M |
Where the cash went
Fiscal 2021 to 2025, five years combined
LiveWire generated $395.09M from operations and spent $53.81M on capital expenditure, dividends and share buybacks. 92% of that went back into the business.
Generated
$395.09M
Used
$53.81M
Capital expenditure$49.37M92%Dividends$00%Share buybacks$4.44M8%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-292.6%
×Asset turnover0.17×
×Equity multiplier1.83×
=Return on equity, FY2025-93.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -292.6% | 0.17× | 1.83× | -93.2% |
| FY2024 | -352.7% | 0.13× | 1.29× | -58.5% |
| FY2023 | -288.1% | 0.12× | 1.21× | -42.7% |
| FY2022 | -168.6% | 0.23× | 1.27× | -48.3% |
| FY2021 | -190.7% | 0.63× | 5.18× | -622.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$75.11M
- Cash generatingOperating cash flow above zero-$53.55M
- Return on assets improvedROA up on the prior year-35.3% → -50.8%
- Earnings backed by cashOperating cash flow above net income-$53.55M vs -$75.11M
- Less leverageLong-term debt to assets fell0.0% → 50.7%
- Better liquidityCurrent ratio rose3.29 → 4.63
- No dilutionShare count did not rise203M → 204M
- Gross margin improvedGross margin up on the prior year-48.00% → -17.27%
- More efficientAsset turnover rose0.10 → 0.17