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Side-by-side financial comparison of LiveWire Group, Inc. (LVWR) and ROCKWELL MEDICAL, INC. (RMTI). Click either name above to swap in a different company.
ROCKWELL MEDICAL, INC. is the larger business by last-quarter revenue ($18.3M vs $11.4M, roughly 1.6× LiveWire Group, Inc.). ROCKWELL MEDICAL, INC. runs the higher net margin — -3.0% vs -155.2%, a 152.2% gap on every dollar of revenue. On growth, LiveWire Group, Inc. posted the faster year-over-year revenue change (5.5% vs -25.6%). ROCKWELL MEDICAL, INC. produced more free cash flow last quarter ($2.2M vs $-8.9M). Over the past eight quarters, LiveWire Group, Inc.'s revenue compounded faster (51.0% CAGR vs -10.1%).
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.
Rockwell Medical Inc. is a publicly traded pharmaceutical company based in Wixom, Michigan and founded in 1996 that focuses on development and commercialization of treatments against diseases such as end-stage renal disease (ESRD) and chronic kidney disease (CKD).
LVWR vs RMTI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $11.4M | $18.3M |
| Net Profit | $-17.6M | $-554.0K |
| Gross Margin | 0.8% | 21.1% |
| Operating Margin | -156.2% | -2.2% |
| Net Margin | -155.2% | -3.0% |
| Revenue YoY | 5.5% | -25.6% |
| Net Profit YoY | 22.6% | 26.7% |
| EPS (diluted) | $-0.09 | $-0.01 |
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.
| Q4 25 | $11.4M | $18.3M | ||
| Q3 25 | $5.7M | $15.9M | ||
| Q2 25 | $5.9M | $16.1M | ||
| Q1 25 | $2.7M | $18.9M | ||
| Q4 24 | $10.8M | $24.7M | ||
| Q3 24 | $4.4M | $28.3M | ||
| Q2 24 | $6.4M | $25.8M | ||
| Q1 24 | $5.0M | $22.7M |
| Q4 25 | $-17.6M | $-554.0K | ||
| Q3 25 | $-19.4M | $-1.8M | ||
| Q2 25 | $-18.8M | $-1.5M | ||
| Q1 25 | $-19.3M | $-1.5M | ||
| Q4 24 | $-22.8M | $-756.0K | ||
| Q3 24 | $-22.7M | $1.7M | ||
| Q2 24 | $-24.8M | $343.0K | ||
| Q1 24 | $-23.6M | $-1.7M |
| Q4 25 | 0.8% | 21.1% | ||
| Q3 25 | -50.9% | 14.3% | ||
| Q2 25 | 9.3% | 15.6% | ||
| Q1 25 | -79.0% | 16.1% | ||
| Q4 24 | -49.8% | 14.7% | ||
| Q3 24 | -34.2% | 22.0% | ||
| Q2 24 | -27.6% | 17.6% | ||
| Q1 24 | -82.9% | 13.5% |
| Q4 25 | -156.2% | -2.2% | ||
| Q3 25 | -330.0% | -9.9% | ||
| Q2 25 | -311.0% | -8.4% | ||
| Q1 25 | -753.4% | -7.2% | ||
| Q4 24 | -234.6% | -2.1% | ||
| Q3 24 | -596.7% | 6.8% | ||
| Q2 24 | -436.7% | 2.0% | ||
| Q1 24 | -611.1% | -5.8% |
| Q4 25 | -155.2% | -3.0% | ||
| Q3 25 | -340.2% | -11.0% | ||
| Q2 25 | -320.6% | -9.3% | ||
| Q1 25 | -702.6% | -8.0% | ||
| Q4 24 | -211.7% | -3.1% | ||
| Q3 24 | -510.6% | 5.9% | ||
| Q2 24 | -384.6% | 1.3% | ||
| Q1 24 | -475.0% | -7.6% |
| Q4 25 | $-0.09 | $-0.01 | ||
| Q3 25 | $-0.10 | $-0.05 | ||
| Q2 25 | $-0.09 | $-0.05 | ||
| Q1 25 | $-0.09 | $-0.04 | ||
| Q4 24 | $-0.11 | $-0.02 | ||
| Q3 24 | $-0.11 | $0.04 | ||
| Q2 24 | $-0.12 | $0.01 | ||
| Q1 24 | $-0.12 | $-0.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $82.8M | $10.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $46.0M | $37.0M |
| Total Assets | $146.4M | $57.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $82.8M | $10.7M | ||
| Q3 25 | $16.3M | $13.6M | ||
| Q2 25 | $29.3M | $12.5M | ||
| Q1 25 | $46.2M | $11.4M | ||
| Q4 24 | $64.4M | $15.7M | ||
| Q3 24 | $88.4M | $12.3M | ||
| Q2 24 | $113.0M | $11.9M | ||
| Q1 24 | $141.0M | $6.6M |
| Q4 25 | $46.0M | $37.0M | ||
| Q3 25 | $61.8M | $37.0M | ||
| Q2 25 | $79.7M | $30.4M | ||
| Q1 25 | $97.2M | $31.5M | ||
| Q4 24 | $115.1M | $32.6M | ||
| Q3 24 | $137.7M | $29.1M | ||
| Q2 24 | $159.0M | $23.5M | ||
| Q1 24 | $183.8M | $20.6M |
| Q4 25 | $146.4M | $57.1M | ||
| Q3 25 | $89.2M | $57.5M | ||
| Q2 25 | $109.8M | $52.6M | ||
| Q1 25 | $128.3M | $54.0M | ||
| Q4 24 | $148.0M | $59.2M | ||
| Q3 24 | $178.3M | $57.1M | ||
| Q2 24 | $204.9M | $53.0M | ||
| Q1 24 | $237.1M | $50.7M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-7.9M | $2.3M |
| Free Cash FlowOCF − Capex | $-8.9M | $2.2M |
| FCF MarginFCF / Revenue | -78.7% | 12.0% |
| Capex IntensityCapex / Revenue | 9.1% | 0.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-57.4M | $-1.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-7.9M | $2.3M | ||
| Q3 25 | $-13.3M | $-1.3M | ||
| Q2 25 | $-14.9M | $1.8M | ||
| Q1 25 | $-17.5M | $-3.5M | ||
| Q4 24 | $-21.9M | $865.0K | ||
| Q3 24 | $-23.1M | $4.3M | ||
| Q2 24 | $-26.0M | $1.4M | ||
| Q1 24 | $-22.9M | $-2.4M |
| Q4 25 | $-8.9M | $2.2M | ||
| Q3 25 | $-14.0M | $-1.5M | ||
| Q2 25 | $-16.3M | $1.7M | ||
| Q1 25 | $-18.1M | $-3.5M | ||
| Q4 24 | $-23.3M | $470.0K | ||
| Q3 24 | $-24.7M | $4.1M | ||
| Q2 24 | $-27.8M | $1.2M | ||
| Q1 24 | $-26.2M | $-2.5M |
| Q4 25 | -78.7% | 12.0% | ||
| Q3 25 | -245.9% | -9.6% | ||
| Q2 25 | -277.7% | 10.5% | ||
| Q1 25 | -660.0% | -18.8% | ||
| Q4 24 | -216.3% | 1.9% | ||
| Q3 24 | -555.3% | 14.4% | ||
| Q2 24 | -431.1% | 4.5% | ||
| Q1 24 | -525.6% | -11.1% |
| Q4 25 | 9.1% | 0.5% | ||
| Q3 25 | 12.9% | 1.4% | ||
| Q2 25 | 24.3% | 1.0% | ||
| Q1 25 | 22.3% | 0.3% | ||
| Q4 24 | 13.1% | 1.6% | ||
| Q3 24 | 35.6% | 0.7% | ||
| Q2 24 | 28.5% | 1.1% | ||
| Q1 24 | 65.1% | 0.6% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.57× | ||
| Q2 24 | — | 4.20× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LVWR
| STACYC Segment | $7.5M | 66% |
| Other | $3.8M | 34% |
RMTI
| US | $15.9M | 87% |
| Non Us | $2.4M | 13% |
