Livewire Group, Inc. income statement
In fiscal 2025, Livewire Group, Inc. reported revenue of $25.7m, down 3.6% on the year before, operating income of −$75.5m (a -294.0% margin) and net income of −$75.1m, or −$0.37 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | 31 | 36 | 47 | 38 | 27 | 26 | 31 |
| Cost of revenue | 56 | 38 | 44 | 44 | 39 | 30 | 35 |
| Gross profit | −25 | −3 | 3 | −6 | −13 | −4 | −3 |
| Research and development | 23 | 35 | 36 | 54 | 42 | 24 | — |
| Selling, general and administrative | 52 | 66 | 88 | 110 | 98 | 71 | 69 |
| Operating income | −77 | −68 | −85 | −116 | −110 | −75 | −72 |
| Interest expense | — | — | — | 0 | 0 | 0 | — |
| Net interest income | 0 | 0 | 1 | 11 | — | — | — |
| Income before tax | −77 | −68 | −79 | −109 | −94 | −75 | −73 |
| Income tax | 0 | 0 | −0 | 0 | 0 | 0 | 0 |
| Net income | −78 | −68 | −79 | −110 | −94 | −75 | −73 |
| Diluted EPS | −$0.48 | −$0.42 | −$0.46 | −$0.54 | −$0.46 | −$0.37 | −$0.36 |
| Diluted shares (average) | 161m | 161m | 172m | 203m | 203m | 204m | 204m |
| EBITDA | −73 | −63 | −81 | −110 | −100 | −65 | −63 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4 | 11 | 3 | 6 | 6 | 11 | 5 | 9 |
| Cost of revenue | 6 | 16 | 5 | 5 | 9 | 11 | 6 | 9 |
| Gross profit | −2 | −5 | −2 | 1 | −3 | 0 | −1 | −0 |
| Selling, general and administrative | 25 | 20 | 18 | 19 | 16 | 18 | 17 | 18 |
| Operating income | −27 | −25 | −21 | −18 | −19 | −18 | −18 | −18 |
| Interest expense | — | — | 0 | 0 | — | — | 1 | 1 |
| Net interest income | 1 | — | — | — | — | — | — | — |
| Income before tax | −23 | −23 | −19 | −19 | −19 | −18 | −18 | −18 |
| Income tax | 0 | 0 | 0 | −0 | 0 | 0 | 0 | 0 |
| Net income | −23 | −23 | −19 | −19 | −19 | −18 | −18 | −18 |
| Diluted EPS | −$0.11 | −$0.11 | −$0.09 | −$0.09 | −$0.10 | −$0.09 | −$0.09 | −$0.09 |
| EBITDA | −24 | −23 | −18 | −16 | −16 | −16 | −15 | −16 |
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