LiveWire Group, Inc.LVWREarnings & Financial Report
LiveWire is an American electric motorcycle manufacturer. It was initially launched as a dedicated electric vehicle (EV) division for Harley Davidson in July 2021. The company was spun-off from its parent and went public on September 27, 2022, via merger with a special-purpose acquisition company (SPAC). It was the first publicly traded electric motorcycle company in the United States.
Revenue
$5.7M
Gross Profit
$-2.9M
Operating Profit
$-18.8M
Net Profit
$-19.4M
Gross Margin
-50.9%
Operating Margin
-330.0%
Net Margin
-340.2%
YoY Growth
28.3%
EPS
$-0.10
LiveWire Group, Inc. Q3 FY2025 Financial Summary
LiveWire Group, Inc. reported revenue of $5.7M (up 28.3% YoY) for Q3 FY2025, with a net profit of $-19.4M (up 14.5% YoY) (-340.2% margin). Cost of goods sold was $8.6M, operating expenses totaled $15.9M.
Key Financial Metrics
| Total Revenue | $5.7M |
|---|---|
| Net Profit | $-19.4M |
| Gross Margin | -50.9% |
| Operating Margin | -330.0% |
| Report Period | Q3 FY2025 |
Revenue Breakdown
LiveWire Group, Inc. Q3 FY2025 revenue of $5.7M breaks down across 2 segments, led by STACYC Segment at $4.7M (83.0% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| STACYC Segment | $4.7M | 83.0% |
| Other | $970.0K | 17.0% |
LiveWire Group, Inc. Revenue by Segment — Quarterly Trend
LiveWire Group, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as STACYC Segment and Other) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| STACYC Segment | $7.5M | $4.7M | — | — |
| Other | $3.8M | $970.0K | $842.0K | $1.1M |
LiveWire Group, Inc. Annual Revenue by Year
LiveWire Group, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $25.7M).
| Year | Annual Revenue |
|---|---|
| 2025 | $25.7M |
| 2024 | $26.6M |
| 2023 | $38.0M |
LiveWire Group, Inc. Quarterly Revenue & Net Profit History
LiveWire Group, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $11.4M | +5.5% | $-17.6M | -155.2% |
| Q3 FY2025 | $5.7M | +28.3% | $-19.4M | -340.2% |
| Q2 FY2025 | $5.9M | -8.9% | $-18.8M | -320.6% |
| Q1 FY2025 | $2.7M | -44.9% | $-19.3M | -702.6% |
| Q4 FY2024 | $10.8M | -28.7% | $-22.8M | -211.7% |
| Q3 FY2024 | $4.4M | -45.4% | $-22.7M | -510.6% |
| Q2 FY2024 | $6.4M | -8.2% | $-24.8M | -384.6% |
| Q1 FY2024 | $5.0M | -35.9% | $-23.6M | -475.0% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.0M | $6.4M | $4.4M | $10.8M | $2.7M | $5.9M | $5.7M | $11.4M |
| YoY Growth | -35.9% | -8.2% | -45.4% | -28.7% | -44.9% | -8.9% | 28.3% | 5.5% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $237.1M | $204.9M | $178.3M | $148.0M | $128.3M | $109.8M | $89.2M | $146.4M |
| Liabilities | $53.3M | $45.9M | $40.6M | $32.8M | $31.1M | $30.1M | $27.4M | $100.4M |
| Equity | $183.8M | $159.0M | $137.7M | $115.1M | $97.2M | $79.7M | $61.8M | $46.0M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-22.9M | $-26.0M | $-23.1M | $-21.9M | $-17.5M | $-14.9M | $-13.3M | $-7.9M |