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LVWR

LiveWire Group, Inc.

LVWR

LiveWire Group, Inc. • NYSE
$4.26 ▼ -1.16% (-0.05)
Market Cap $868.56 M
52w High $9.04
52w Low $0.93
Dividend Yield 0%
P/E -10.92
Volume 24.06K
Outstanding Shares 203.89M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $5.701M ▼ $15.911M ▼ $-19.395M ▼ -340.203% ▼ $-0.095 ▼ $-16.949M ▼
Q2-2025 $5.873M ▲ $18.813M ▲ $-18.826M ▲ -320.552% ▲ $-0.09 $-15.676M ▲
Q1-2025 $2.743M ▼ $18.498M ▼ $-19.271M ▲ -702.552% ▼ $-0.09 ▲ $-17.581M ▲
Q4-2024 $10.761M ▲ $19.89M ▼ $-22.782M ▼ -211.709% ▲ $-0.11 $-20.461M ▲
Q3-2024 $4.445M $25.005M $-22.694M -510.551% $-0.11 $-23.83M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $16.324M ▼ $89.22M ▼ $27.419M ▼ $61.801M ▼
Q2-2025 $29.316M ▼ $109.77M ▼ $30.086M ▼ $79.684M ▼
Q1-2025 $46.222M ▼ $128.254M ▼ $31.06M ▼ $97.194M ▼
Q4-2024 $64.437M ▼ $147.96M ▼ $32.845M ▼ $115.115M ▼
Q3-2024 $88.442M $178.298M $40.641M $137.657M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-19.395M ▼ $-13.281M ▲ $-735K ▲ $1.038M ▲ $-12.992M ▲ $-14.016M ▲
Q2-2025 $-18.826M ▲ $-14.877M ▲ $-1.43M ▼ $-509K ▼ $-16.906M ▲ $-16.307M ▲
Q1-2025 $-19.271M ▲ $-17.49M ▲ $-613K ▲ $-250K ▲ $-18.215M ▲ $-18.103M ▲
Q4-2024 $-22.782M ▼ $-21.869M ▲ $-1.407M ▲ $-517K ▼ $-24.005M ▲ $-23.276M ▲
Q3-2024 $-22.694M $-23.104M $-1.581M $0 $-24.569M $-24.685M

Five-Year Company Overview

Income Statement

Income Statement LiveWire is still very much in “startup mode” financially: sales are small and have not yet shown strong growth, while costs to design, build, and market bikes remain heavy. The company has reported operating and net losses every year, with losses meaningfully larger than its revenue base. There are some signs that results are stabilizing rather than worsening rapidly, but the business is clearly not yet close to break-even and still depends on scaling volume and lowering unit costs over time.

Balance Sheet

Balance Sheet The balance sheet shows a young company that was once well funded and is now gradually drawing down its resources. Cash and total assets built up after the SPAC transaction but have declined more recently as the company funds ongoing losses and development. On the positive side, LiveWire carries essentially no financial debt, which reduces interest burden, but its equity cushion is shrinking, underscoring the need to either grow into profitability or secure continued support from partners and investors. Overall, the balance sheet is clean but getting thinner.

Cash Flow

Cash Flow Cash flow from the core business has been consistently negative, reflecting that LiveWire spends more on operations than it brings in from customers. Free cash flow has also been negative each year, as the company invests in product development and production capabilities on top of its operating losses. Capital spending itself is not huge, so the main cash drain is running the business at a loss rather than big factory builds. This pattern is typical for an early-stage hardware and vehicle company, but it means LiveWire remains reliant on external funding or parent support to sustain its roadmap.

Competitive Edge

Competitive Edge LiveWire’s strongest asset is its connection to Harley-Davidson, which gives it brand recognition, credibility with riders, and access to a global dealer and service network that many electric start-ups lack. Its products sit in the premium part of the market, emphasizing design, ride quality, and fast charging rather than purely on lowest price or longest range. However, the company still faces low volumes, high per-bike costs, and tough competition from established electric motorcycle brands and new entrants, including lower-cost players from Europe and Asia. This leaves its competitive position promising but not yet proven at commercial scale.

Innovation and R&D

Innovation and R&D Innovation is at the heart of the LiveWire story. The ARROW platform, structural battery design, modern cell technology, advanced rider aids, and over‑the‑air software updates show a clear push to build a flexible, upgradable electric bike architecture. The roadmap adds depth: midweight S2 models, youth products via STACYC, future mini‑motos, and an urban maxi‑scooter with KYMCO all point to a broader portfolio aimed at different price points and use cases. The challenge is turning this strong R&D pipeline into reliably built, competitively priced products while keeping development spending under control and leveraging Harley and KYMCO to gain scale benefits.

Summary

LiveWire looks like a classic early-stage EV hardware company: technologically ambitious, brand-backed, and product-rich, but still far from financial maturity. The business is burning cash, running steady losses, and relying on prior funding and strategic partners rather than internally generated profits. At the same time, it has a rare combination of Harley-Davidson heritage, dealer infrastructure, and a clear innovation roadmap that many pure start-ups lack. The next phase will hinge on execution: scaling production, broadening the customer base with more accessible models, controlling costs, and demonstrating that its premium electric positioning can support a sustainable, stand-alone business over time.

NEWS

November 4, 2025 · 7:00 AM UTC

LiveWire Group, Inc. Reports 2025 Third Quarter Financial Results

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October 28, 2025 · 10:00 AM UTC

LiveWire Group, Inc. to Showcase New Products and Development Updates at EICMA International Motorshow

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October 15, 2025 · 5:30 PM UTC

LiveWire Group, Inc. To Report Third Quarter 2025 Results on November 4, 2025

Read more