LiveWire Group, Inc. LVWR

Consumer discretionary SIC 3751 - Motorcycles, Bicycles & Parts NYSE

LiveWire Group, Inc., a Delaware corporation, and its consolidated subsidiaries are referred to in this Form 10-K as "we," "our," "us," the "Company," or "LiveWire." LiveWire is an industry-leading all-electric motorcycle brand with a focus on pioneering the growing two-wheel electric motorcycle space.

LiveWire was a direct, wholly owned subsidiary of AEA-Bridges Impact Corp ("ABIC"), which was originally incorporated as a Cayman Islands exempted company on July 29, 2020, as a special purpose acquisition company ("SPAC") with the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. In connection with the transactions (the "Business Combination") pursuant to the business combination agreement, dated as of December 12, 2021 (the "Business Combination Agreement"), by and among ABIC, LiveWire EV Holdings, Inc., a Delaware corporation (now known as "LiveWire Group, Inc."), LW EV Merger Sub, Inc., a Delaware corporation ("Merger Sub"), Harley-Davidson, Inc. ("H-D"), and LiveWire EV, LLC ("Legacy LiveWire"), a wholly-owned subsidiary of H-D, we entered into a number of agreements with H-D, including the Separation Agreement, dated as of September 26, 2022, by and between H-D and Legacy LiveWire and consummated the separation of the Legacy LiveWire business and other transaction contemplated by the Separation Agreement (the "Separation").

Last close 1.28 2026-09-04
Market cap $262.9M 2026-06-30 share count
52-week range 0.65 - 6.44

Valuation FY2025 figures against the last close

P/S10.2x
P/E
P/FCF
EV/EBITDA
Dividend yield
Diluted EPS-0.37

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Revenue $25.7M$26.6M$38.0M$46.8M$35.8M$30.9M
Cost of revenue $30.1M$39.4M$43.8M$43.9M$38.4M$55.8M
Gross profit -$4.4M-$12.8M-$5.8M$2.9M-$2.6M-$25.0M
R&D $23.9M$41.7M$54.1M$35.6M$35.3M$23.0M
SG&A $71.1M$97.6M$110.2M$87.9M$65.6M$52.1M
Total operating expenses $101.2M$137.0M$154.0M$131.8M$104.0M$6.5M
Operating income -$75.5M-$110.4M-$116.0M-$85.0M-$68.2M-$77.1M
Interest expense $10.5M$1.2M$19.0K$56.0K
Pre-tax income -$74.9M-$93.9M-$109.5M-$79.0M-$68.2M-$77.2M
Income tax $189.0K$43.0K$78.0K$33.0K$138.0K$357.0K
Net income -$75.1M-$93.9M-$109.5M-$78.9M-$68.3M-$77.6M
EPS, basic -0.37-0.46-0.54-0.46-0.42-0.48
EPS, diluted -0.37-0.46-0.54-0.46-0.42-0.48
Shares, diluted (wtd. avg.) $203.7M$203.2M$202.5M$172.0M$161.0M$161.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Cash and equivalents $82.8M$64.4M$167.9M$265.2M$2.7M$2.4M$1.1M
Receivables $3.7M$6.8M
Inventory $15.3M$26.9M$32.1M$29.2M$16.8M
Total current assets $104.9M$98.4M$210.7M$301.9M$29.9M
Property, plant and equipment $27.6M$34.0M$37.7M$31.6M$17.9M
Goodwill $8.3M$8.3M$8.3M$8.3M$8.3M$8.3M
Other intangibles $804.0K$1.1M$1.3M$1.8M$2.3M
Total assets $146.4M$148.0M$266.1M$351.8M$62.0M$51.7M
Accounts payable $7.1M$9.0M
Short-term debt $800.0K$0
Total current liabilities $22.7M$29.9M$46.3M$34.4M$28.0M
Long-term debt $74.2M$0
Total liabilities $100.4M$32.8M$60.3M$45.0M$42.0M
Retained earnings -$301.0M-$225.9M-$132.0M-$22.4M$0
Total equity $46.0M$115.1M$205.9M$306.8M$19.9M$2.0M$21.8M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Operating cash flow -$53.5M-$93.9M-$83.5M-$89.7M-$74.5M-$53.7M
Depreciation and amortisation $10.1M$10.0M$5.8M$4.4M$4.7M$3.9M
Stock-based compensation $4.9M$4.6M$8.9M$394.0K$786.0K$188.0K
Capital expenditure $3.8M$8.1M$13.5M$14.1M$10.0M$3.2M
Investing cash flow -$3.8M-$8.1M-$13.5M-$14.1M-$10.0M-$3.2M
Financing cash flow $75.7M-$1.4M-$412.0K$366.3M$84.8M$58.3M
Buybacks $1.0M$1.4M$2.0M$0$0

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 0001898795-26-000028.

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