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Side-by-side financial comparison of ASSEMBLY BIOSCIENCES, INC. (ASMB) and LiveWire Group, Inc. (LVWR). Click either name above to swap in a different company.

LiveWire Group, Inc. is the larger business by last-quarter revenue ($11.4M vs $10.8M, roughly 1.1× ASSEMBLY BIOSCIENCES, INC.). ASSEMBLY BIOSCIENCES, INC. runs the higher net margin — -85.2% vs -155.2%, a 70.0% gap on every dollar of revenue. On growth, ASSEMBLY BIOSCIENCES, INC. posted the faster year-over-year revenue change (57.6% vs 5.5%). LiveWire Group, Inc. produced more free cash flow last quarter ($-8.9M vs $-15.2M).

Pacific Biosciences of California, Inc. is an American biotechnology company founded in 2004 that develops and manufactures systems for gene sequencing and some novel real time biological observation. PacBio has two principal sequencing platforms: single-molecule real-time sequencing (SMRT), based on the properties of zero-mode waveguides and sequencing by binding (SBB) chemistry, which uses native nucleotides and scarless incorporation for DNA binding and extension.

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.

ASMB vs LVWR — Head-to-Head

Bigger by revenue
LVWR
LVWR
1.1× larger
LVWR
$11.4M
$10.8M
ASMB
Growing faster (revenue YoY)
ASMB
ASMB
+52.1% gap
ASMB
57.6%
5.5%
LVWR
Higher net margin
ASMB
ASMB
70.0% more per $
ASMB
-85.2%
-155.2%
LVWR
More free cash flow
LVWR
LVWR
$6.2M more FCF
LVWR
$-8.9M
$-15.2M
ASMB

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ASMB
ASMB
LVWR
LVWR
Revenue
$10.8M
$11.4M
Net Profit
$-9.2M
$-17.6M
Gross Margin
0.8%
Operating Margin
-100.9%
-156.2%
Net Margin
-85.2%
-155.2%
Revenue YoY
57.6%
5.5%
Net Profit YoY
4.3%
22.6%
EPS (diluted)
$-0.72
$-0.09

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ASMB
ASMB
LVWR
LVWR
Q4 25
$11.4M
Q3 25
$10.8M
$5.7M
Q2 25
$9.6M
$5.9M
Q1 25
$9.4M
$2.7M
Q4 24
$7.4M
$10.8M
Q3 24
$6.8M
$4.4M
Q2 24
$8.5M
$6.4M
Q1 24
$5.8M
$5.0M
Net Profit
ASMB
ASMB
LVWR
LVWR
Q4 25
$-17.6M
Q3 25
$-9.2M
$-19.4M
Q2 25
$-10.2M
$-18.8M
Q1 25
$-8.8M
$-19.3M
Q4 24
$-22.8M
Q3 24
$-9.6M
$-22.7M
Q2 24
$-11.2M
$-24.8M
Q1 24
$-9.1M
$-23.6M
Gross Margin
ASMB
ASMB
LVWR
LVWR
Q4 25
0.8%
Q3 25
-50.9%
Q2 25
9.3%
Q1 25
-79.0%
Q4 24
-49.8%
Q3 24
-34.2%
Q2 24
-27.6%
Q1 24
-82.9%
Operating Margin
ASMB
ASMB
LVWR
LVWR
Q4 25
-156.2%
Q3 25
-100.9%
-330.0%
Q2 25
-115.2%
-311.0%
Q1 25
-105.5%
-753.4%
Q4 24
-234.6%
Q3 24
-160.1%
-596.7%
Q2 24
-143.0%
-436.7%
Q1 24
-185.5%
-611.1%
Net Margin
ASMB
ASMB
LVWR
LVWR
Q4 25
-155.2%
Q3 25
-85.2%
-340.2%
Q2 25
-105.9%
-320.6%
Q1 25
-93.6%
-702.6%
Q4 24
-211.7%
Q3 24
-140.4%
-510.6%
Q2 24
-130.7%
-384.6%
Q1 24
-156.9%
-475.0%
EPS (diluted)
ASMB
ASMB
LVWR
LVWR
Q4 25
$-0.09
Q3 25
$-0.72
$-0.10
Q2 25
$-1.33
$-0.09
Q1 25
$-1.17
$-0.09
Q4 24
$-0.11
Q3 24
$-1.51
$-0.11
Q2 24
$-1.98
$-0.12
Q1 24
$-1.66
$-0.12

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ASMB
ASMB
LVWR
LVWR
Cash + ST InvestmentsLiquidity on hand
$22.5M
$82.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$182.7M
$46.0M
Total Assets
$240.0M
$146.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASMB
ASMB
LVWR
LVWR
Q4 25
$82.8M
Q3 25
$22.5M
$16.3M
Q2 25
$24.0M
$29.3M
Q1 25
$23.4M
$46.2M
Q4 24
$38.3M
$64.4M
Q3 24
$28.5M
$88.4M
Q2 24
$19.2M
$113.0M
Q1 24
$18.7M
$141.0M
Stockholders' Equity
ASMB
ASMB
LVWR
LVWR
Q4 25
$46.0M
Q3 25
$182.7M
$61.8M
Q2 25
$18.1M
$79.7M
Q1 25
$27.1M
$97.2M
Q4 24
$33.4M
$115.1M
Q3 24
$26.0M
$137.7M
Q2 24
$34.7M
$159.0M
Q1 24
$32.6M
$183.8M
Total Assets
ASMB
ASMB
LVWR
LVWR
Q4 25
$146.4M
Q3 25
$240.0M
$89.2M
Q2 25
$80.8M
$109.8M
Q1 25
$99.0M
$128.3M
Q4 24
$119.2M
$148.0M
Q3 24
$100.3M
$178.3M
Q2 24
$115.3M
$204.9M
Q1 24
$119.9M
$237.1M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ASMB
ASMB
LVWR
LVWR
Operating Cash FlowLast quarter
$-15.1M
$-7.9M
Free Cash FlowOCF − Capex
$-15.2M
$-8.9M
FCF MarginFCF / Revenue
-140.7%
-78.7%
Capex IntensityCapex / Revenue
0.4%
9.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-57.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASMB
ASMB
LVWR
LVWR
Q4 25
$-7.9M
Q3 25
$-15.1M
$-13.3M
Q2 25
$-16.8M
$-14.9M
Q1 25
$-23.4M
$-17.5M
Q4 24
$-51.1M
$-21.9M
Q3 24
$-15.2M
$-23.1M
Q2 24
$-17.1M
$-26.0M
Q1 24
$-18.4M
$-22.9M
Free Cash Flow
ASMB
ASMB
LVWR
LVWR
Q4 25
$-8.9M
Q3 25
$-15.2M
$-14.0M
Q2 25
$-16.3M
Q1 25
$-18.1M
Q4 24
$-51.1M
$-23.3M
Q3 24
$-24.7M
Q2 24
$-17.1M
$-27.8M
Q1 24
$-18.4M
$-26.2M
FCF Margin
ASMB
ASMB
LVWR
LVWR
Q4 25
-78.7%
Q3 25
-140.7%
-245.9%
Q2 25
-277.7%
Q1 25
-660.0%
Q4 24
-695.2%
-216.3%
Q3 24
-555.3%
Q2 24
-200.6%
-431.1%
Q1 24
-317.7%
-525.6%
Capex Intensity
ASMB
ASMB
LVWR
LVWR
Q4 25
9.1%
Q3 25
0.4%
12.9%
Q2 25
0.0%
24.3%
Q1 25
0.0%
22.3%
Q4 24
0.4%
13.1%
Q3 24
0.0%
35.6%
Q2 24
0.2%
28.5%
Q1 24
0.2%
65.1%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ASMB
ASMB

Segment breakdown not available.

LVWR
LVWR

STACYC Segment$7.5M66%
Other$3.8M34%

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