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Side-by-side financial comparison of LiveOne, Inc. (LVO) and MIDDLEFIELD BANC CORP (MBCN). Click either name above to swap in a different company.

LiveOne, Inc. is the larger business by last-quarter revenue ($20.3M vs $19.9M, roughly 1.0× MIDDLEFIELD BANC CORP). MIDDLEFIELD BANC CORP runs the higher net margin — 26.7% vs -20.1%, a 46.8% gap on every dollar of revenue. On growth, MIDDLEFIELD BANC CORP posted the faster year-over-year revenue change (18.3% vs -31.2%). MIDDLEFIELD BANC CORP produced more free cash flow last quarter ($3.4M vs $-2.9M). Over the past eight quarters, MIDDLEFIELD BANC CORP's revenue compounded faster (13.7% CAGR vs -19.0%).

Live Nation Entertainment, Inc. is an American multinational entertainment company that was founded in 2010 following the merger of Live Nation and Ticketmaster. It continues to operate both brands as subsidiary companies, promoting and managing ticket sales for live entertainment internationally. It also owns and operates entertainment venues and manages the careers of music artists.

Star Banc Corporation was a Cincinnati, Ohio-based regional bank holding company that acquired Firstar in 1998 and took the Firstar name; the merged bank acquired U.S. Bancorp in 2001 and took the U.S. Bancorp name. The company can trace its origins back to 1863 when it was first founded as the First National Bank of Cincinnati.

LVO vs MBCN — Head-to-Head

Bigger by revenue
LVO
LVO
1.0× larger
LVO
$20.3M
$19.9M
MBCN
Growing faster (revenue YoY)
MBCN
MBCN
+49.5% gap
MBCN
18.3%
-31.2%
LVO
Higher net margin
MBCN
MBCN
46.8% more per $
MBCN
26.7%
-20.1%
LVO
More free cash flow
MBCN
MBCN
$6.3M more FCF
MBCN
$3.4M
$-2.9M
LVO
Faster 2-yr revenue CAGR
MBCN
MBCN
Annualised
MBCN
13.7%
-19.0%
LVO

Income Statement — Q3 FY2026 vs Q3 FY2025

Metric
LVO
LVO
MBCN
MBCN
Revenue
$20.3M
$19.9M
Net Profit
$-4.1M
$5.3M
Gross Margin
18.8%
Operating Margin
-9.6%
32.2%
Net Margin
-20.1%
26.7%
Revenue YoY
-31.2%
18.3%
Net Profit YoY
22.3%
127.4%
EPS (diluted)
$0.65

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
LVO
LVO
MBCN
MBCN
Q4 25
$20.3M
Q3 25
$18.8M
$19.9M
Q2 25
$19.2M
$20.5M
Q1 25
$19.3M
$18.0M
Q4 24
$29.4M
$17.5M
Q3 24
$32.6M
$16.8M
Q2 24
$33.1M
$16.8M
Q1 24
$30.9M
$16.8M
Net Profit
LVO
LVO
MBCN
MBCN
Q4 25
$-4.1M
Q3 25
$-5.5M
$5.3M
Q2 25
$-3.6M
$6.2M
Q1 25
$-10.4M
$4.8M
Q4 24
$-5.2M
$4.8M
Q3 24
$-1.9M
$2.3M
Q2 24
$-1.2M
$4.2M
Q1 24
$-2.3M
$4.2M
Gross Margin
LVO
LVO
MBCN
MBCN
Q4 25
18.8%
Q3 25
13.8%
Q2 25
12.4%
Q1 25
30.8%
Q4 24
24.3%
Q3 24
24.8%
Q2 24
24.2%
Q1 24
25.5%
Operating Margin
LVO
LVO
MBCN
MBCN
Q4 25
-9.6%
Q3 25
-24.4%
32.2%
Q2 25
-21.0%
35.9%
Q1 25
-55.8%
31.9%
Q4 24
-17.4%
33.4%
Q3 24
-4.3%
16.1%
Q2 24
-2.4%
28.8%
Q1 24
-3.7%
29.4%
Net Margin
LVO
LVO
MBCN
MBCN
Q4 25
-20.1%
Q3 25
-29.5%
26.7%
Q2 25
-18.7%
30.0%
Q1 25
-54.2%
26.8%
Q4 24
-17.8%
27.8%
Q3 24
-5.7%
13.9%
Q2 24
-3.5%
24.7%
Q1 24
-7.4%
24.9%
EPS (diluted)
LVO
LVO
MBCN
MBCN
Q4 25
Q3 25
$0.65
Q2 25
$0.76
Q1 25
$0.60
Q4 24
$0.60
Q3 24
$0.29
Q2 24
$0.52
Q1 24
$0.51

Balance Sheet & Financial Strength

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

Metric
LVO
LVO
MBCN
MBCN
Cash + ST InvestmentsLiquidity on hand
$8.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$-19.0M
$224.1M
Total Assets
$52.3M
$2.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LVO
LVO
MBCN
MBCN
Q4 25
$8.6M
Q3 25
$11.7M
Q2 25
$11.9M
Q1 25
$4.1M
Q4 24
$10.9M
Q3 24
$11.1M
Q2 24
$6.2M
Q1 24
$7.0M
Stockholders' Equity
LVO
LVO
MBCN
MBCN
Q4 25
$-19.0M
Q3 25
$-16.2M
$224.1M
Q2 25
$-20.8M
$216.1M
Q1 25
$-17.8M
$213.8M
Q4 24
$-8.4M
$210.6M
Q3 24
$-4.7M
$210.7M
Q2 24
$-3.8M
$206.8M
Q1 24
$-8.7M
$205.6M
Total Assets
LVO
LVO
MBCN
MBCN
Q4 25
$52.3M
Q3 25
$53.8M
$2.0B
Q2 25
$48.9M
$1.9B
Q1 25
$40.5M
$1.9B
Q4 24
$56.2M
$1.9B
Q3 24
$67.2M
$1.9B
Q2 24
$64.6M
$1.8B
Q1 24
$63.9M
$1.8B

Cash Flow & Capital Efficiency

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

Metric
LVO
LVO
MBCN
MBCN
Operating Cash FlowLast quarter
$-2.3M
$4.8M
Free Cash FlowOCF − Capex
$-2.9M
$3.4M
FCF MarginFCF / Revenue
-14.4%
17.0%
Capex IntensityCapex / Revenue
3.2%
7.2%
Cash ConversionOCF / Net Profit
0.91×
TTM Free Cash FlowTrailing 4 quarters
$-16.2M
$32.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LVO
LVO
MBCN
MBCN
Q4 25
$-2.3M
Q3 25
$-3.2M
$4.8M
Q2 25
$-3.0M
$4.8M
Q1 25
$-4.3M
$8.0M
Q4 24
$3.5M
$17.5M
Q3 24
$5.8M
$6.0M
Q2 24
$1.3M
$3.4M
Q1 24
$3.0M
$5.4M
Free Cash Flow
LVO
LVO
MBCN
MBCN
Q4 25
$-2.9M
Q3 25
$-4.0M
$3.4M
Q2 25
$-4.1M
$4.2M
Q1 25
$-5.2M
$7.7M
Q4 24
$2.7M
$16.7M
Q3 24
$5.2M
$5.8M
Q2 24
$606.0K
$3.3M
Q1 24
$2.1M
$5.3M
FCF Margin
LVO
LVO
MBCN
MBCN
Q4 25
-14.4%
Q3 25
-21.5%
17.0%
Q2 25
-21.2%
20.5%
Q1 25
-26.9%
42.9%
Q4 24
9.2%
95.6%
Q3 24
15.9%
34.7%
Q2 24
1.8%
19.3%
Q1 24
6.8%
31.9%
Capex Intensity
LVO
LVO
MBCN
MBCN
Q4 25
3.2%
Q3 25
4.4%
7.2%
Q2 25
5.3%
3.0%
Q1 25
4.8%
1.5%
Q4 24
2.7%
4.4%
Q3 24
1.8%
1.0%
Q2 24
2.2%
0.6%
Q1 24
3.1%
0.5%
Cash Conversion
LVO
LVO
MBCN
MBCN
Q4 25
Q3 25
0.91×
Q2 25
0.78×
Q1 25
1.66×
Q4 24
3.60×
Q3 24
2.57×
Q2 24
0.81×
Q1 24
1.31×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LVO
LVO

Advertising$15.8M78%
Membership Services$2.9M14%
Merchandising Revenue$1.6M8%

MBCN
MBCN

Segment breakdown not available.

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