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Side-by-side financial comparison of LiveOne, Inc. (LVO) and NATHANS FAMOUS, INC. (NATH). Click either name above to swap in a different company.

NATHANS FAMOUS, INC. is the larger business by last-quarter revenue ($34.3M vs $20.3M, roughly 1.7× LiveOne, Inc.). NATHANS FAMOUS, INC. runs the higher net margin — 9.0% vs -20.1%, a 29.1% gap on every dollar of revenue. On growth, NATHANS FAMOUS, INC. posted the faster year-over-year revenue change (8.9% vs -31.2%). NATHANS FAMOUS, INC. produced more free cash flow last quarter ($5.7M vs $-2.9M). Over the past eight quarters, NATHANS FAMOUS, INC.'s revenue compounded faster (8.8% 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.

Nathan's Famous, Inc., is an American company that operates a chain of fast-food restaurants specializing in hot dogs. The original Nathan's restaurant stands at the corner of Surf and Stillwell avenues in the Coney Island neighborhood of Brooklyn, New York City. Its restaurants are primarily in the Northeastern United States. The company's headquarters are at One Jericho Plaza in Jericho, part of Oyster Bay, New York.

LVO vs NATH — Head-to-Head

Bigger by revenue
NATH
NATH
1.7× larger
NATH
$34.3M
$20.3M
LVO
Growing faster (revenue YoY)
NATH
NATH
+40.1% gap
NATH
8.9%
-31.2%
LVO
Higher net margin
NATH
NATH
29.1% more per $
NATH
9.0%
-20.1%
LVO
More free cash flow
NATH
NATH
$8.6M more FCF
NATH
$5.7M
$-2.9M
LVO
Faster 2-yr revenue CAGR
NATH
NATH
Annualised
NATH
8.8%
-19.0%
LVO

Income Statement — Q3 FY2026 vs Q3 FY2026

Metric
LVO
LVO
NATH
NATH
Revenue
$20.3M
$34.3M
Net Profit
$-4.1M
$3.1M
Gross Margin
18.8%
32.6%
Operating Margin
-9.6%
14.9%
Net Margin
-20.1%
9.0%
Revenue YoY
-31.2%
8.9%
Net Profit YoY
22.3%
-31.2%
EPS (diluted)
$0.75

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
NATH
NATH
Q4 25
$20.3M
$34.3M
Q3 25
$18.8M
$45.7M
Q2 25
$19.2M
$47.0M
Q1 25
$19.3M
$30.8M
Q4 24
$29.4M
$31.5M
Q3 24
$32.6M
$41.1M
Q2 24
$33.1M
$44.8M
Q1 24
$30.9M
$29.0M
Net Profit
LVO
LVO
NATH
NATH
Q4 25
$-4.1M
$3.1M
Q3 25
$-5.5M
$5.2M
Q2 25
$-3.6M
$8.9M
Q1 25
$-10.4M
$4.2M
Q4 24
$-5.2M
$4.5M
Q3 24
$-1.9M
$6.0M
Q2 24
$-1.2M
$9.3M
Q1 24
$-2.3M
$3.9M
Gross Margin
LVO
LVO
NATH
NATH
Q4 25
18.8%
32.6%
Q3 25
13.8%
29.1%
Q2 25
12.4%
39.5%
Q1 25
30.8%
38.7%
Q4 24
24.3%
37.9%
Q3 24
24.8%
36.7%
Q2 24
24.2%
43.6%
Q1 24
25.5%
43.3%
Operating Margin
LVO
LVO
NATH
NATH
Q4 25
-9.6%
14.9%
Q3 25
-24.4%
16.4%
Q2 25
-21.0%
27.2%
Q1 25
-55.8%
20.7%
Q4 24
-17.4%
21.4%
Q3 24
-4.3%
23.4%
Q2 24
-2.4%
30.7%
Q1 24
-3.7%
23.5%
Net Margin
LVO
LVO
NATH
NATH
Q4 25
-20.1%
9.0%
Q3 25
-29.5%
11.4%
Q2 25
-18.7%
19.0%
Q1 25
-54.2%
13.8%
Q4 24
-17.8%
14.2%
Q3 24
-5.7%
14.7%
Q2 24
-3.5%
20.7%
Q1 24
-7.4%
13.5%
EPS (diluted)
LVO
LVO
NATH
NATH
Q4 25
$0.75
Q3 25
$1.26
Q2 25
$2.16
Q1 25
$1.03
Q4 24
$1.10
Q3 24
$1.47
Q2 24
$2.27
Q1 24
$0.95

Balance Sheet & Financial Strength

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

Metric
LVO
LVO
NATH
NATH
Cash + ST InvestmentsLiquidity on hand
$8.6M
$24.5M
Total DebtLower is stronger
$48.7M
Stockholders' EquityBook value
$-19.0M
$-15.3M
Total Assets
$52.3M
$50.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LVO
LVO
NATH
NATH
Q4 25
$8.6M
$24.5M
Q3 25
$11.7M
$32.2M
Q2 25
$11.9M
$26.9M
Q1 25
$4.1M
$27.8M
Q4 24
$10.9M
$23.7M
Q3 24
$11.1M
$31.2M
Q2 24
$6.2M
$26.0M
Q1 24
$7.0M
$21.0M
Total Debt
LVO
LVO
NATH
NATH
Q4 25
$48.7M
Q3 25
$49.3M
Q2 25
$49.9M
Q1 25
$50.5M
Q4 24
$51.1M
Q3 24
$59.6M
Q2 24
Q1 24
$59.6M
Stockholders' Equity
LVO
LVO
NATH
NATH
Q4 25
$-19.0M
$-15.3M
Q3 25
$-16.2M
$-5.9M
Q2 25
$-20.8M
$-9.3M
Q1 25
$-17.8M
$-16.5M
Q4 24
$-8.4M
$-19.0M
Q3 24
$-4.7M
$-21.3M
Q2 24
$-3.8M
$-25.5M
Q1 24
$-8.7M
$-32.9M
Total Assets
LVO
LVO
NATH
NATH
Q4 25
$52.3M
$50.9M
Q3 25
$53.8M
$62.9M
Q2 25
$48.9M
$63.4M
Q1 25
$40.5M
$53.5M
Q4 24
$56.2M
$48.7M
Q3 24
$67.2M
$57.7M
Q2 24
$64.6M
$58.5M
Q1 24
$63.9M
$48.9M

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
NATH
NATH
Operating Cash FlowLast quarter
$-2.3M
$5.8M
Free Cash FlowOCF − Capex
$-2.9M
$5.7M
FCF MarginFCF / Revenue
-14.4%
16.6%
Capex IntensityCapex / Revenue
3.2%
0.2%
Cash ConversionOCF / Net Profit
1.87×
TTM Free Cash FlowTrailing 4 quarters
$-16.2M
$22.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LVO
LVO
NATH
NATH
Q4 25
$-2.3M
$5.8M
Q3 25
$-3.2M
$10.2M
Q2 25
$-3.0M
$-220.0K
Q1 25
$-4.3M
$6.8M
Q4 24
$3.5M
$3.6M
Q3 24
$5.8M
$9.8M
Q2 24
$1.3M
$5.0M
Q1 24
$3.0M
$6.4M
Free Cash Flow
LVO
LVO
NATH
NATH
Q4 25
$-2.9M
$5.7M
Q3 25
$-4.0M
$10.0M
Q2 25
$-4.1M
$-335.0K
Q1 25
$-5.2M
$6.7M
Q4 24
$2.7M
$3.6M
Q3 24
$5.2M
$9.7M
Q2 24
$606.0K
$5.0M
Q1 24
$2.1M
$6.3M
FCF Margin
LVO
LVO
NATH
NATH
Q4 25
-14.4%
16.6%
Q3 25
-21.5%
21.9%
Q2 25
-21.2%
-0.7%
Q1 25
-26.9%
21.9%
Q4 24
9.2%
11.4%
Q3 24
15.9%
23.7%
Q2 24
1.8%
11.1%
Q1 24
6.8%
21.9%
Capex Intensity
LVO
LVO
NATH
NATH
Q4 25
3.2%
0.2%
Q3 25
4.4%
0.4%
Q2 25
5.3%
0.2%
Q1 25
4.8%
0.2%
Q4 24
2.7%
0.1%
Q3 24
1.8%
0.2%
Q2 24
2.2%
0.1%
Q1 24
3.1%
0.2%
Cash Conversion
LVO
LVO
NATH
NATH
Q4 25
1.87×
Q3 25
1.95×
Q2 25
-0.02×
Q1 25
1.60×
Q4 24
0.81×
Q3 24
1.63×
Q2 24
0.54×
Q1 24
1.64×

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%

NATH
NATH

Branded Product Program$23.7M69%
Product Licensing$7.4M22%
Company Operated Restaurants$1.6M5%
Franchise Fees And Royalties$1.0M3%

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