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Side-by-side financial comparison of LiveWire Group, Inc. (LVWR) and Prelude Therapeutics Inc (PRLD). Click either name above to swap in a different company.

LiveWire Group, Inc. is the larger business by last-quarter revenue ($11.4M vs $6.5M, roughly 1.7× Prelude Therapeutics Inc). LiveWire Group, Inc. runs the higher net margin — -155.2% vs -303.5%, a 148.3% gap on every dollar of revenue. On growth, Prelude Therapeutics Inc posted the faster year-over-year revenue change (116.7% vs 5.5%).

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.

LVWR vs PRLD — Head-to-Head

Bigger by revenue
LVWR
LVWR
1.7× larger
LVWR
$11.4M
$6.5M
PRLD
Growing faster (revenue YoY)
PRLD
PRLD
+111.1% gap
PRLD
116.7%
5.5%
LVWR
Higher net margin
LVWR
LVWR
148.3% more per $
LVWR
-155.2%
-303.5%
PRLD

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
LVWR
LVWR
PRLD
PRLD
Revenue
$11.4M
$6.5M
Net Profit
$-17.6M
$-19.7M
Gross Margin
0.8%
Operating Margin
-156.2%
-314.1%
Net Margin
-155.2%
-303.5%
Revenue YoY
5.5%
116.7%
Net Profit YoY
22.6%
38.9%
EPS (diluted)
$-0.09
$-0.26

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
LVWR
LVWR
PRLD
PRLD
Q4 25
$11.4M
Q3 25
$5.7M
$6.5M
Q2 25
$5.9M
Q1 25
$2.7M
Q4 24
$10.8M
Q3 24
$4.4M
$3.0M
Q2 24
$6.4M
Q1 24
$5.0M
Net Profit
LVWR
LVWR
PRLD
PRLD
Q4 25
$-17.6M
Q3 25
$-19.4M
$-19.7M
Q2 25
$-18.8M
Q1 25
$-19.3M
Q4 24
$-22.8M
Q3 24
$-22.7M
$-32.3M
Q2 24
$-24.8M
Q1 24
$-23.6M
Gross Margin
LVWR
LVWR
PRLD
PRLD
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
LVWR
LVWR
PRLD
PRLD
Q4 25
-156.2%
Q3 25
-330.0%
-314.1%
Q2 25
-311.0%
Q1 25
-753.4%
Q4 24
-234.6%
Q3 24
-596.7%
-1145.9%
Q2 24
-436.7%
Q1 24
-611.1%
Net Margin
LVWR
LVWR
PRLD
PRLD
Q4 25
-155.2%
Q3 25
-340.2%
-303.5%
Q2 25
-320.6%
Q1 25
-702.6%
Q4 24
-211.7%
Q3 24
-510.6%
-1075.7%
Q2 24
-384.6%
Q1 24
-475.0%
EPS (diluted)
LVWR
LVWR
PRLD
PRLD
Q4 25
$-0.09
Q3 25
$-0.10
$-0.26
Q2 25
$-0.09
Q1 25
$-0.09
Q4 24
$-0.11
Q3 24
$-0.11
$-0.43
Q2 24
$-0.12
Q1 24
$-0.12

Balance Sheet & Financial Strength

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

Metric
LVWR
LVWR
PRLD
PRLD
Cash + ST InvestmentsLiquidity on hand
$82.8M
$55.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$46.0M
$58.5M
Total Assets
$146.4M
$94.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LVWR
LVWR
PRLD
PRLD
Q4 25
$82.8M
Q3 25
$16.3M
$55.0M
Q2 25
$29.3M
Q1 25
$46.2M
Q4 24
$64.4M
Q3 24
$88.4M
$153.6M
Q2 24
$113.0M
Q1 24
$141.0M
Stockholders' Equity
LVWR
LVWR
PRLD
PRLD
Q4 25
$46.0M
Q3 25
$61.8M
$58.5M
Q2 25
$79.7M
Q1 25
$97.2M
Q4 24
$115.1M
Q3 24
$137.7M
$156.4M
Q2 24
$159.0M
Q1 24
$183.8M
Total Assets
LVWR
LVWR
PRLD
PRLD
Q4 25
$146.4M
Q3 25
$89.2M
$94.8M
Q2 25
$109.8M
Q1 25
$128.3M
Q4 24
$148.0M
Q3 24
$178.3M
$197.2M
Q2 24
$204.9M
Q1 24
$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
LVWR
LVWR
PRLD
PRLD
Operating Cash FlowLast quarter
$-7.9M
$-19.1M
Free Cash FlowOCF − Capex
$-8.9M
FCF MarginFCF / Revenue
-78.7%
Capex IntensityCapex / Revenue
9.1%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-57.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LVWR
LVWR
PRLD
PRLD
Q4 25
$-7.9M
Q3 25
$-13.3M
$-19.1M
Q2 25
$-14.9M
Q1 25
$-17.5M
Q4 24
$-21.9M
Q3 24
$-23.1M
$-27.3M
Q2 24
$-26.0M
Q1 24
$-22.9M
Free Cash Flow
LVWR
LVWR
PRLD
PRLD
Q4 25
$-8.9M
Q3 25
$-14.0M
Q2 25
$-16.3M
Q1 25
$-18.1M
Q4 24
$-23.3M
Q3 24
$-24.7M
$-27.4M
Q2 24
$-27.8M
Q1 24
$-26.2M
FCF Margin
LVWR
LVWR
PRLD
PRLD
Q4 25
-78.7%
Q3 25
-245.9%
Q2 25
-277.7%
Q1 25
-660.0%
Q4 24
-216.3%
Q3 24
-555.3%
-912.0%
Q2 24
-431.1%
Q1 24
-525.6%
Capex Intensity
LVWR
LVWR
PRLD
PRLD
Q4 25
9.1%
Q3 25
12.9%
0.0%
Q2 25
24.3%
Q1 25
22.3%
Q4 24
13.1%
Q3 24
35.6%
2.1%
Q2 24
28.5%
Q1 24
65.1%

Financial Flow Comparison

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

Revenue Breakdown by Segment

LVWR
LVWR

STACYC Segment$7.5M66%
Other$3.8M34%

PRLD
PRLD

Segment breakdown not available.

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