LiveOne, Inc. LVO
LiveOne, Inc. (the "Company," "LiveOne", "we," "us," or "our") is an award-winning, creator-first, music, entertainment and technology platform focused on delivering premium experiences and content worldwide through paid users and live and virtual events. We are a pioneer in the acquisition, distribution and monetization of live music events, Internet radio, podcasting/vodcasting and music-related membership, streaming and video content. Through our comprehensive service offerings and innovative content platform, we provide music fans the ability to listen, watch, attend, engage and transact. Serving a global audience, our mission is to bring the experience of live music and entertainment to consumers wherever music and entertainment is watched, listened to, discussed, deliberated or performed around the world. Our operating model is focused on a flywheel concept of integrated services centered on servicing and monetizing superfans through multiple revenue streams and product/service offerings. As of March 31, 2026, we operated four core integrated services: (1) one of the industry's leading online live music streaming platforms (LiveOne), (2) a fully integrated membership and advertising streaming music service Slacker operating as LiveOne powered by Slacker, (3) a leading podcasting platform operating as PodcastOne, our majority owner subsidiary ("PodcastOne"), and (4) a retailer and wholesaler of personalized merchandise and gifts operating as Custom Personalization Solutions, Inc. ("CPS"). LiveOne enhances the experience by granting audiences access to premium original content, artist exclusives and industry interviews. Our LiveOne application offers users access to live events, audio streams with access to millions of songs and hundreds of expert-curated radio platforms and stations, original episodic content, podcasts, vodcasts, video on demand, real-time livestreams, and social sharing of content. Today, our business is comprised of three operating segments: PodcastOne, Slacker and our Media Group. Our Audio Group consist of our PodcastOne and Slacker subsidiaries and our Media Group consists of our remaining subsidiaries (hereon referred to as our "Media Operations").
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $77.1M | $114.4M | $118.4M | $99.6M | $117.0M | $65.2M | $38.7M | $33.7M | $7.2M | $225.0K |
| Cost of revenue | $64.9M | $85.2M | $86.4M | $66.8M | $93.0M | — | — | $31.2M | $6.7M | $730.0K |
| Gross profit | $12.3M | $29.2M | $32.0M | $32.8M | $24.0M | — | — | $2.5M | $501.0K | -$505.0K |
| R&D | $2.4M | $4.5M | $4.7M | $5.1M | $8.1M | $9.7M | — | — | — | — |
| SG&A | $20.7M | $22.7M | $22.3M | $15.9M | $33.7M | $20.8M | $19.1M | $17.4M | $10.7M | $4.9M |
| Total operating expenses | — | — | — | $101.8M | $154.9M | $94.6M | $74.7M | $67.6M | $22.1M | $5.7M |
| Operating income | -$15.5M | -$18.1M | -$4.7M | -$2.2M | -$37.9M | -$29.4M | -$36.0M | -$33.9M | -$14.9M | -$5.5M |
| Interest expense | $3.9M | $2.7M | $4.4M | $7.3M | $4.1M | $5.3M | $3.7M | $3.3M | $3.9M | $512.0K |
| Pre-tax income | -$21.2M | -$20.6M | -$13.2M | -$10.0M | -$43.7M | -$42.2M | -$39.1M | -$37.5M | -$19.0M | -$14.2M |
| Income tax | $30.0K | $185.0K | $118.0K | $65.0K | $183.0K | $345.0K | $192.0K | $218.0K | $6.0K | — |
| Net income | -$21.3M | -$20.4M | -$12.0M | -$10.0M | -$43.9M | -$41.8M | -$38.9M | -$37.8M | -$23.3M | -$14.2M |
| EPS, basic | -2.02 | -2.14 | -0.14 | -0.12 | -0.56 | -0.61 | — | — | — | — |
| EPS, diluted | — | — | — | -0.12 | -0.56 | — | — | -0.73 | -0.59 | -0.44 |
| Shares, diluted (wtd. avg.) | 11.0M | 9.5M | 87.6M | 84.8M | 79.1M | 69.0M | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $5.4M | $4.1M | $7.0M | $8.4M | $12.9M | $18.8M | $12.4M | $13.9M | $14.0M | $1.5M |
| Receivables | $8.4M | $8.3M | $13.2M | $13.7M | $13.7M | $10.6M | $3.9M | $4.3M | $3.0M | — |
| Inventory | $685.0K | $1.6M | $1.8M | $2.6M | $2.6M | $2.6M | — | — | — | — |
| Total current assets | $16.8M | $15.2M | $24.3M | $27.7M | $31.3M | $35.3M | $17.7M | $19.6M | $18.7M | $1.5M |
| Property, plant and equipment | $3.3M | $893.0K | $3.6M | $3.3M | $4.7M | $4.4M | $3.4M | $2.7M | $393.0K | $57.0K |
| Goodwill | $21.7M | $21.7M | $23.4M | $23.4M | $23.4M | $22.6M | $9.7M | $9.7M | $5.4M | — |
| Other intangibles | $1.9M | $2.6M | $12.4M | $11.0M | $16.7M | $22.5M | $23.2M | $26.9M | $43.5M | — |
| Total assets | $46.9M | $40.5M | $63.9M | $65.9M | $76.8M | $85.8M | $54.1M | $58.9M | $68.0M | $1.6M |
| Accounts payable | $15.7M | $15.3M | $15.2M | $11.0M | $29.6M | $32.6M | $26.7M | $18.3M | $11.0M | $542.0K |
| Short-term debt | — | — | — | — | — | — | $2.7M | $2.1M | — | — |
| Total current liabilities | $35.9M | $36.4M | $46.8M | $44.5M | $60.1M | $51.0M | $47.8M | $34.2M | $25.7M | $4.7M |
| Long-term debt | — | — | — | — | $26.7M | — | $6.5M | $10.3M | — | $288.4K |
| Total liabilities | $59.3M | $48.9M | $57.3M | $62.1M | $87.7M | $77.6M | $61.2M | $49.4M | $29.6M | $5.0M |
| Retained earnings | -$287.3M | -$265.1M | -$239.0M | -$224.3M | -$213.9M | -$169.9M | -$128.1M | -$89.2M | -$51.4M | -$28.1M |
| Total equity | -$20.5M | -$17.8M | $1.6M | -$1.0M | -$10.9M | $8.1M | -$7.1M | $9.5M | $38.4M | -$3.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$10.5M | $6.4M | $6.8M | -$3.8M | -$9.1M | -$9.5M | -$4.9M | -$5.8M | -$5.7M | -$3.1M |
| Depreciation and amortisation | $1.6M | $5.3M | $5.1M | $8.0M | $9.6M | $8.8M | $8.0M | $7.4M | $2.5M | $24.0K |
| Stock-based compensation | $11.2M | $6.2M | $6.3M | $3.0M | $12.7M | $11.3M | $12.0M | $9.2M | $3.2M | $0 |
| Capital expenditure | $3.2M | $3.1M | $3.0M | $2.4M | $3.7M | $3.2M | $2.6M | $2.5M | $49.0K | $19.0K |
| Investing cash flow | -$8.2M | -$3.1M | -$4.0M | -$2.5M | -$4.0M | -$791.0K | -$2.4M | -$2.5M | -$2.3M | $2.2M |
| Financing cash flow | $20.0M | -$6.2M | -$4.3M | $1.8M | $7.5M | $16.6M | $5.8M | $8.3M | $20.5M | $2.4M |
| Dividends paid | $0 | $509.0K | $0 | — | — | — | — | — | — | — |
| Buybacks | $599.0K | $999.0K | $2.6M | $2.2M | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-26-081875.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $225.0K | $7.2M | $33.7M | $38.7M | $65.2M | $117.0M | $99.6M | $118.4M | $114.4M | $77.1M |
| Gross profit | -$505.0K | $501.0K | $2.5M | — | — | $24.0M | $32.8M | $32.0M | $29.2M | $12.3M |
| Net income | -$14.2M | -$23.3M | -$37.8M | -$38.9M | -$41.8M | -$43.9M | -$10.0M | -$12.0M | -$20.4M | -$21.3M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Material agreement signed Item 1.01
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Regulation FD disclosure Item 7.01
- Material agreement signed Item 1.01
- Material agreement signed Item 1.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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