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Side-by-side financial comparison of LiveWire Group, Inc. (LVWR) and Americas Gold & Silver Corp (USAS). Click either name above to swap in a different company.
Americas Gold & Silver Corp is the larger business by last-quarter revenue ($19.1M vs $11.4M, roughly 1.7× LiveWire Group, Inc.). Americas Gold & Silver Corp runs the higher net margin — -82.3% vs -155.2%, a 72.9% gap on every dollar of revenue. On growth, LiveWire Group, Inc. posted the faster year-over-year revenue change (5.5% vs -28.0%). LiveWire Group, Inc. produced more free cash flow last quarter ($-8.9M vs $-41.3M).
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.
Pan American Silver Corporation is a mining company based in Canada with operations in Latin America. The company has mines and other projects in Mexico, Peru, Bolivia, and Argentina.
LVWR vs USAS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $11.4M | $19.1M |
| Net Profit | $-17.6M | $-15.7M |
| Gross Margin | 0.8% | 34.2% |
| Operating Margin | -156.2% | — |
| Net Margin | -155.2% | -82.3% |
| Revenue YoY | 5.5% | -28.0% |
| Net Profit YoY | 22.6% | 2.8% |
| EPS (diluted) | $-0.09 | — |
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 | — | ||
| Q3 25 | $5.7M | $19.1M | ||
| Q2 25 | $5.9M | — | ||
| Q1 25 | $2.7M | — | ||
| Q4 24 | $10.8M | — | ||
| Q3 24 | $4.4M | $26.5M | ||
| Q2 24 | $6.4M | — | ||
| Q1 24 | $5.0M | — |
| Q4 25 | $-17.6M | — | ||
| Q3 25 | $-19.4M | $-15.7M | ||
| Q2 25 | $-18.8M | — | ||
| Q1 25 | $-19.3M | — | ||
| Q4 24 | $-22.8M | — | ||
| Q3 24 | $-22.7M | $-16.2M | ||
| Q2 24 | $-24.8M | — | ||
| Q1 24 | $-23.6M | — |
| Q4 25 | 0.8% | — | ||
| Q3 25 | -50.9% | 34.2% | ||
| Q2 25 | 9.3% | — | ||
| Q1 25 | -79.0% | — | ||
| Q4 24 | -49.8% | — | ||
| Q3 24 | -34.2% | 23.6% | ||
| Q2 24 | -27.6% | — | ||
| Q1 24 | -82.9% | — |
| Q4 25 | -156.2% | — | ||
| Q3 25 | -330.0% | — | ||
| Q2 25 | -311.0% | — | ||
| Q1 25 | -753.4% | — | ||
| Q4 24 | -234.6% | — | ||
| Q3 24 | -596.7% | — | ||
| Q2 24 | -436.7% | — | ||
| Q1 24 | -611.1% | — |
| Q4 25 | -155.2% | — | ||
| Q3 25 | -340.2% | -82.3% | ||
| Q2 25 | -320.6% | — | ||
| Q1 25 | -702.6% | — | ||
| Q4 24 | -211.7% | — | ||
| Q3 24 | -510.6% | -60.9% | ||
| Q2 24 | -384.6% | — | ||
| Q1 24 | -475.0% | — |
| Q4 25 | $-0.09 | — | ||
| Q3 25 | $-0.10 | — | ||
| Q2 25 | $-0.09 | — | ||
| Q1 25 | $-0.09 | — | ||
| Q4 24 | $-0.11 | — | ||
| Q3 24 | $-0.11 | — | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $82.8M | $39.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $46.0M | $50.2M |
| Total Assets | $146.4M | $234.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $82.8M | — | ||
| Q3 25 | $16.3M | $39.1M | ||
| Q2 25 | $29.3M | — | ||
| Q1 25 | $46.2M | — | ||
| Q4 24 | $64.4M | — | ||
| Q3 24 | $88.4M | — | ||
| Q2 24 | $113.0M | — | ||
| Q1 24 | $141.0M | — |
| Q4 25 | $46.0M | — | ||
| Q3 25 | $61.8M | $50.2M | ||
| Q2 25 | $79.7M | — | ||
| Q1 25 | $97.2M | — | ||
| Q4 24 | $115.1M | — | ||
| Q3 24 | $137.7M | $53.1M | ||
| Q2 24 | $159.0M | — | ||
| Q1 24 | $183.8M | — |
| Q4 25 | $146.4M | — | ||
| Q3 25 | $89.2M | $234.7M | ||
| Q2 25 | $109.8M | — | ||
| Q1 25 | $128.3M | — | ||
| Q4 24 | $148.0M | — | ||
| Q3 24 | $178.3M | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-7.9M | $-12.5M |
| Free Cash FlowOCF − Capex | $-8.9M | $-41.3M |
| FCF MarginFCF / Revenue | -78.7% | -216.5% |
| Capex IntensityCapex / Revenue | 9.1% | 150.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-57.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-7.9M | — | ||
| Q3 25 | $-13.3M | $-12.5M | ||
| Q2 25 | $-14.9M | — | ||
| Q1 25 | $-17.5M | — | ||
| Q4 24 | $-21.9M | — | ||
| Q3 24 | $-23.1M | $2.4M | ||
| Q2 24 | $-26.0M | — | ||
| Q1 24 | $-22.9M | — |
| Q4 25 | $-8.9M | — | ||
| Q3 25 | $-14.0M | $-41.3M | ||
| Q2 25 | $-16.3M | — | ||
| Q1 25 | $-18.1M | — | ||
| Q4 24 | $-23.3M | — | ||
| Q3 24 | $-24.7M | $-11.2M | ||
| Q2 24 | $-27.8M | — | ||
| Q1 24 | $-26.2M | — |
| Q4 25 | -78.7% | — | ||
| Q3 25 | -245.9% | -216.5% | ||
| Q2 25 | -277.7% | — | ||
| Q1 25 | -660.0% | — | ||
| Q4 24 | -216.3% | — | ||
| Q3 24 | -555.3% | -42.2% | ||
| Q2 24 | -431.1% | — | ||
| Q1 24 | -525.6% | — |
| Q4 25 | 9.1% | — | ||
| Q3 25 | 12.9% | 150.8% | ||
| Q2 25 | 24.3% | — | ||
| Q1 25 | 22.3% | — | ||
| Q4 24 | 13.1% | — | ||
| Q3 24 | 35.6% | 51.2% | ||
| 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
| STACYC Segment | $7.5M | 66% |
| Other | $3.8M | 34% |
USAS
Segment breakdown not available.
