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Side-by-side financial comparison of Liberty Live Holdings, Inc. (LLYVA) and Xtant Medical Holdings, Inc. (XTNT). Click either name above to swap in a different company.

Liberty Live Holdings, Inc. is the larger business by last-quarter revenue ($61.7M vs $32.4M, roughly 1.9× Xtant Medical Holdings, Inc.). Xtant Medical Holdings, Inc. runs the higher net margin — 0.2% vs -90.3%, a 90.5% gap on every dollar of revenue. On growth, Xtant Medical Holdings, Inc. posted the faster year-over-year revenue change (2.7% vs -3.8%).

Liberty Media Corporation is an American mass media company founded by John C. Malone in 1991. The company has two divisions, represented by separate tracking stocks, reflecting its ownership stakes in the Formula One Group and Live Nation Entertainment. As of 2025, Liberty Media owned three global motorsport businesses in the form of Formula One, MotoGP and World Superbikes.

Xtant Medical Holdings, Inc. is a global medical technology company that develops, manufactures and markets orthobiologic products, neurosurgery devices, and regenerative medicine solutions for orthopedic and neurological care providers. It serves patients and medical institutions across North America, Europe and the Asia-Pacific, with core segments covering spinal surgery supplies and bone regeneration products.

LLYVA vs XTNT — Head-to-Head

Bigger by revenue
LLYVA
LLYVA
1.9× larger
LLYVA
$61.7M
$32.4M
XTNT
Growing faster (revenue YoY)
XTNT
XTNT
+6.5% gap
XTNT
2.7%
-3.8%
LLYVA
Higher net margin
XTNT
XTNT
90.5% more per $
XTNT
0.2%
-90.3%
LLYVA

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
LLYVA
LLYVA
XTNT
XTNT
Revenue
$61.7M
$32.4M
Net Profit
$-55.7M
$57.0K
Gross Margin
20.6%
54.9%
Operating Margin
-27.2%
-2.9%
Net Margin
-90.3%
0.2%
Revenue YoY
-3.8%
2.7%
Net Profit YoY
-464.7%
101.8%
EPS (diluted)
$0.00

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
LLYVA
LLYVA
XTNT
XTNT
Q4 25
$32.4M
Q3 25
$61.7M
$33.3M
Q2 25
$35.4M
Q1 25
$32.9M
Q4 24
$31.5M
Q3 24
$64.2M
$27.9M
Q2 24
$29.9M
Q1 24
$27.9M
Net Profit
LLYVA
LLYVA
XTNT
XTNT
Q4 25
$57.0K
Q3 25
$-55.7M
$1.3M
Q2 25
$3.5M
Q1 25
$58.0K
Q4 24
$-3.2M
Q3 24
$15.3M
$-5.0M
Q2 24
$-3.9M
Q1 24
$-4.4M
Gross Margin
LLYVA
LLYVA
XTNT
XTNT
Q4 25
54.9%
Q3 25
20.6%
66.1%
Q2 25
68.6%
Q1 25
61.5%
Q4 24
50.9%
Q3 24
13.2%
58.4%
Q2 24
62.1%
Q1 24
62.1%
Operating Margin
LLYVA
LLYVA
XTNT
XTNT
Q4 25
-2.9%
Q3 25
-27.2%
7.6%
Q2 25
13.1%
Q1 25
3.2%
Q4 24
-6.0%
Q3 24
-22.6%
-13.5%
Q2 24
-9.8%
Q1 24
-12.4%
Net Margin
LLYVA
LLYVA
XTNT
XTNT
Q4 25
0.2%
Q3 25
-90.3%
3.9%
Q2 25
10.0%
Q1 25
0.2%
Q4 24
-10.0%
Q3 24
23.8%
-18.0%
Q2 24
-12.9%
Q1 24
-15.8%
EPS (diluted)
LLYVA
LLYVA
XTNT
XTNT
Q4 25
$0.00
Q3 25
$0.01
Q2 25
$0.02
Q1 25
$0.00
Q4 24
$-0.02
Q3 24
$-0.04
Q2 24
$-0.03
Q1 24
$-0.03

Balance Sheet & Financial Strength

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

Metric
LLYVA
LLYVA
XTNT
XTNT
Cash + ST InvestmentsLiquidity on hand
$375.8M
$17.1M
Total DebtLower is stronger
$1.9B
$11.0M
Stockholders' EquityBook value
$-409.2M
$51.0M
Total Assets
$1.9B
$94.1M
Debt / EquityLower = less leverage
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LLYVA
LLYVA
XTNT
XTNT
Q4 25
$17.1M
Q3 25
$375.8M
$10.4M
Q2 25
$6.9M
Q1 25
$5.0M
Q4 24
$6.2M
Q3 24
$6.6M
Q2 24
$5.4M
Q1 24
$4.5M
Total Debt
LLYVA
LLYVA
XTNT
XTNT
Q4 25
$11.0M
Q3 25
$1.9B
$17.4M
Q2 25
$22.3M
Q1 25
$22.2M
Q4 24
$22.0M
Q3 24
$19.1M
Q2 24
$21.8M
Q1 24
$16.8M
Stockholders' Equity
LLYVA
LLYVA
XTNT
XTNT
Q4 25
$51.0M
Q3 25
$-409.2M
$50.4M
Q2 25
$48.5M
Q1 25
$43.9M
Q4 24
$43.0M
Q3 24
$44.6M
$45.7M
Q2 24
$45.0M
Q1 24
$47.7M
Total Assets
LLYVA
LLYVA
XTNT
XTNT
Q4 25
$94.1M
Q3 25
$1.9B
$106.3M
Q2 25
$103.5M
Q1 25
$95.8M
Q4 24
$93.8M
Q3 24
$98.9M
Q2 24
$95.6M
Q1 24
$93.9M
Debt / Equity
LLYVA
LLYVA
XTNT
XTNT
Q4 25
0.22×
Q3 25
0.35×
Q2 25
0.46×
Q1 25
0.51×
Q4 24
0.51×
Q3 24
0.42×
Q2 24
0.48×
Q1 24
0.35×

Cash Flow & Capital Efficiency

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

Metric
LLYVA
LLYVA
XTNT
XTNT
Operating Cash FlowLast quarter
$-28.9M
$5.4M
Free Cash FlowOCF − Capex
$5.0M
FCF MarginFCF / Revenue
15.4%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
94.39×
TTM Free Cash FlowTrailing 4 quarters
$10.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LLYVA
LLYVA
XTNT
XTNT
Q4 25
$5.4M
Q3 25
$-28.9M
$4.6M
Q2 25
$1.3M
Q1 25
$1.3M
Q4 24
$665.0K
Q3 24
$-1.7M
Q2 24
$-5.1M
Q1 24
$-5.8M
Free Cash Flow
LLYVA
LLYVA
XTNT
XTNT
Q4 25
$5.0M
Q3 25
$4.2M
Q2 25
$910.0K
Q1 25
$87.0K
Q4 24
$-7.0K
Q3 24
$-3.8M
Q2 24
$-5.7M
Q1 24
$-6.5M
FCF Margin
LLYVA
LLYVA
XTNT
XTNT
Q4 25
15.4%
Q3 25
12.6%
Q2 25
2.6%
Q1 25
0.3%
Q4 24
-0.0%
Q3 24
-13.7%
Q2 24
-18.9%
Q1 24
-23.4%
Capex Intensity
LLYVA
LLYVA
XTNT
XTNT
Q4 25
1.2%
Q3 25
1.3%
Q2 25
1.0%
Q1 25
3.6%
Q4 24
2.1%
Q3 24
7.5%
Q2 24
1.9%
Q1 24
2.8%
Cash Conversion
LLYVA
LLYVA
XTNT
XTNT
Q4 25
94.39×
Q3 25
3.53×
Q2 25
0.36×
Q1 25
22.03×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

LLYVA
LLYVA

Segment breakdown not available.

XTNT
XTNT

Orthobiologics$18.3M57%
Spinal Implant$9.4M29%
License Revenue$4.6M14%

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