Start here if you're new
what it is
LiveWire sells electric motorcycles, parts, apparel, and kids’ electric balance bikes through dealers, online, and one company-owned store.
how it gets paid
Last year Livewire made $26M in revenue. Electric motorcycles was the main engine at $15.6M, or 60% of sales.
why growth slowed
Revenue fell 3.6% last year. The key number was -$0.28 in quarterly EPS because it shows revenue growth still is not fixing the loss structure.
what just happened
Latest quarter revenue hit $14M, up 151% vs. prior year, but EPS fell to -$0.28.
At a glance
B balance sheet — gets the job done, barely
-$0.46 fy2024 eps est
$27M fy2024 rev est
n/a operating margin
1.15 beta
xvary composite: 47/100 — below average
What they do
LiveWire sells electric motorcycles, parts, apparel, and kids’ electric balance bikes through dealers, online, and one company-owned store.
The moat is thinner than the branding. You do get a clean balance sheet: long-term debt was $0M, or 0% of capital, and the balance sheet score was B. So the company has time to keep trying, but a -294.0% operating margin says the product still is not carrying the business.
How they make money
$26M
annual revenue · their business grew -3.6% last year
Electric motorcycles
$15.6M
dn
Motorcycle parts
$3.9M
flat
Accessories and apparel
$1.3M
flat
STACYC balance bikes
$5.2M
up
The products that matter
electric motorcycle sales
S2 Del Mar
q4 unit sales +61%
Unit sales rose 61% in Q4 2025, which is real demand evidence. The catch: demand evidence is not profit evidence when full-year margin still sits at -292.59%.
current demand test
new model production
S4 Honcho
spring 2026 start
Production is scheduled to start in spring 2026. On a $26M revenue base, one launch can move the whole year — for better or worse.
execution watch
what the lineup really represents
the category bet
70% retail share
That share number sounds dominant until you pair it with just $26M of annual revenue. The product story is really a market-creation story, and those are expensive.
scale still missing
Key numbers
-294%
operating margin
Operating margin → money left after operating costs → so what: LiveWire is losing nearly $2.94 on operations for every $1 it brings in.
$0M
long-term debt
Long-term debt → borrowed money due later → so what: no long-term debt means the balance sheet is cleaner than the business model.
$26M
annual revenue
Revenue → money from customers → so what: this is a public company valued near $358M on only $26M of yearly sales.
5/100
price stability
Price stability → how steady the stock trades → so what: a 5 out of 100 score says the shares behave like a rumor with a ticker.
Financial health
B
strength
- balance sheet grade B — adequate — nothing special
- risk rank 3 — safer than 50% of stocks
- price stability 5 / 100
- long-term debt $0M (0% of capital)
B — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for LVWR right now.
source: institutional data · return history unavailable
What just happened
missed estimates
Latest quarter revenue hit $14M, up 151% vs. prior year, but EPS fell to -$0.28.
That is the whole LiveWire problem in one line. Sales bounced hard in the quarter, but profitability stayed ugly enough that the gain did not translate into better earnings.
$14M
revenue
$0.28
eps
+151%
revenue vs. last year
the number that mattered
The key number was -$0.28 in quarterly EPS because it shows revenue growth still is not fixing the loss structure.
source: SEC filings / company results
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What could go wrong
LiveWire already has 70% retail share and still produced only $26M of revenue with a -292.59% profit margin. That is company-specific risk, not boilerplate risk.
high
cash burn turns into dilution
A -292.59% profit margin means LiveWire lost $2.93 for every $1 of revenue over the last year. $82.78M of cash helps, but only if losses come down materially.
If that gap stays anywhere near this wide, the next obvious financing tool is new capital. For you, that means dilution risk stops being theoretical.
med
the category stays too small
70% retail market share sounds dominant until you place it next to just $26M of annual revenue. The company already leads the niche and is still far from healthy economics.
If the electric-motorcycle market does not get meaningfully bigger, market-share wins do not translate into scale. You just own the leader of a very small pond.
med
S4 Honcho has to do real work
Production is scheduled for spring 2026. Delays, weak sell-through, or a rough launch would matter more here than at a larger manufacturer because the revenue base is only $26M.
If the launch disappoints, the scale story gets pushed out again and the runway question gets louder.
med
volatility changes the mood before fundamentals do
Price stability is 5 out of 100 and the stock traded between $1 and $9 over the last 52 weeks. That is a wide range for a $4.26 stock.
If results miss, sentiment can break faster than operations can recover. Small companies do not get much time from the market.
$82.78M of cash sounds decent until you pair it with a business that lost $2.93 for every $1 of revenue. That is the whole risk math.
source: institutional data · regulatory filings · risk analysis
Pay attention to
balance sheet
cash versus losses
$82.78M of cash is the buffer. A -292.59% margin is what tests it. If you own this stock, that spread matters more than almost anything else.
trend
unit growth versus revenue growth
Q4 unit sales rose 61%, but full-year revenue still fell 3.6%. You want those lines moving in the same direction for more than one quarter.
calendar
S4 Honcho production start
Spring 2026 is the next real operating test. For a business this small, one product launch can reshape the revenue line fast.
risk
margin improvement, not just demand headlines
The stock does not need a nice press release. It needs proof the company is no longer losing more than it sells. That is the operating threshold to watch.
Analyst rankings
risk profile
average
risk rank 3 — typical risk profile — neither especially safe nor risky.
chart momentum
below average
momentum rank 4 — analysts see underperformance risk in the near term.
source: institutional data
Institutional activity
institutional ownership data for LVWR is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$4
current price
n/a
target midpoint · n/a from current
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