LivaNova PLC
LIVN · Electromedical & Electrotherapeutic Apparatus · 54.9M shares · +3%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: $14M (gross $50M, SBC $36M)
Reference price $80.19 · est. market cap ~$4.4B — last insider sale, 2026-06-15 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C66LivaNova — neuromodulation/cardiopulmonary device maker, strong core but net loss.
Strengths
- Operating margin 14% (82nd pct), free cash flow 92nd, cash 96th
- Durable VNS-therapy and cardiopulmonary franchises
Risks
- Net loss (litigation/charges); ROE -20%
- Tight liquidity (current 1.36); pipeline execution
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Net lossNet loss (net margin -17.5%)
- Strong balance sheetStrong balance sheet — $656M cash & investments
- China exposureRisk Factors” of this Report, under the section entitled “ Changes in global trade policies, including the imposition of tariffs, trade restrictions, export controls, sanctions, or other protectionist
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
67.7%
Operating margin
14.4%
Net margin
-17.5%
Return on equity
-20.2%
Return on assets
-9.3%
ROIC
10.0%
Revenue growth (QoQ)
0.4%
Net-income growth
-483.5%
Debt / equity
0.3×
Current ratio
1.4×
Free cash flow
$173M
Tangible book value
$177M
Cash & investments
$656M
Stock comp / revenue
2.6%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-15 | WILVER PETER M | Option exercise | 4.0K | — |
| 2026-06-15 | WILVER PETER M | Tax withheld | 486 | $79.70 |
| 2026-06-15 | SCHERMERHORN TODD C | Option exercise | 4.0K | — |
| 2026-06-15 | SCHERMERHORN TODD C | Tax withheld | 486 | $79.70 |
| 2026-06-15 | Bianchi Francesco | Option exercise | 4.0K | — |
| 2026-06-15 | Bianchi Francesco | Tax withheld | 486 | $79.70 |
| 2026-06-15 | Bianchi Francesco | Sell | 1.2K | $80.19 |
| 2026-06-15 | PODLOGAR SUSAN M | Option exercise | 4.0K | — |
| 2026-06-15 | PODLOGAR SUSAN M | Tax withheld | 486 | $79.70 |
| 2026-06-15 | Barry James Christopher | Option exercise | 4.0K | — |
| 2026-06-15 | Barry James Christopher | Tax withheld | 486 | $79.70 |
| 2026-06-15 | Tezel Ahmet | Option exercise | 3.0K | — |
| 2026-06-15 | Tezel Ahmet | Tax withheld | 1.0K | $79.70 |
| 2026-06-15 | KOZY WILLIAM A | Option exercise | 5.7K | — |
| 2026-06-15 | KOZY WILLIAM A | Tax withheld | 682 | $79.70 |
| 2026-06-15 | Enxing Seng Stacy | Option exercise | 4.0K | — |
| 2026-06-15 | Enxing Seng Stacy | Tax withheld | 486 | $79.70 |
| 2026-06-15 | Story Brooke | Option exercise | 4.0K | — |
| 2026-06-15 | Story Brooke | Tax withheld | 486 | $79.70 |
| 2026-06-15 | Zurbay Donald | Option exercise | 2.6K | — |
| 2026-06-15 | Zurbay Donald | Tax withheld | 308 | $79.70 |
| 2026-05-26 | Bianchi Francesco | Sell | 1.8K | $75.75 |
| 2026-03-30 | Tezel Ahmet | Option exercise | 3.4K | — |
| 2026-03-30 | Tezel Ahmet | Tax withheld | 1.2K | $61.27 |
| 2026-03-30 | Poletti Franco | Option exercise | 3.2K | — |
| 2026-03-30 | Poletti Franco | Tax withheld | 1.4K | $61.27 |
| 2026-03-30 | Shvartsburg Alex | Option exercise | 31K | — |
| 2026-03-30 | Shvartsburg Alex | Tax withheld | 13K | $61.27 |
| 2026-03-30 | Makatsaria Vladimir | Option exercise | 21K | — |
| 2026-03-30 | Makatsaria Vladimir | Tax withheld | 11K | $61.27 |
| 2026-03-30 | Bolton Stephanie | Option exercise | 18K | — |
| 2026-03-30 | Bolton Stephanie | Tax withheld | 8.4K | $61.27 |
| 2026-03-30 | Kozmina Natalia | Option exercise | 6.4K | — |
| 2026-03-30 | Kozmina Natalia | Tax withheld | 1.4K | $61.27 |
| 2026-03-11 | Poletti Franco | Option exercise | 2.1K | $57.60 |
| 2026-03-11 | Poletti Franco | Tax withheld | 2.0K | $62.26 |
| 2026-03-11 | Poletti Franco | Tax withheld | 69 | $62.26 |
| 2025-12-15 | Poletti Franco | Option exercise | 967 | — |
| 2025-12-15 | Poletti Franco | Tax withheld | 416 | $63.06 |
| 2025-12-15 | PODLOGAR SUSAN M | Option exercise | 2.4K | — |
| 2025-12-15 | PODLOGAR SUSAN M | Tax withheld | 269 | $63.06 |
| 2025-12-15 | Hutchinson Michael Damon | Option exercise | 2.3K | — |
| 2025-12-15 | Hutchinson Michael Damon | Tax withheld | 1.1K | $63.06 |
| 2025-11-18 | Story Brooke | Sell | 250 | $53.94 |
| 2025-09-15 | Poletti Franco | Option exercise | 643 | — |
| 2025-09-15 | Poletti Franco | Tax withheld | 277 | $55.43 |
| 2025-08-25 | Bianchi Francesco | Sell | 1.5K | $56.50 |
| 2025-06-15 | O'Kane Sharon | Option exercise | 3.4K | — |
| 2025-06-15 | O'Kane Sharon | Tax withheld | 1.6K | $45.76 |
| 2025-06-15 | Bianchi Francesco | Option exercise | 3.4K | — |
| 2025-06-15 | Bianchi Francesco | Tax withheld | 410 | $45.76 |
| 2025-06-15 | SCHERMERHORN TODD C | Option exercise | 3.4K | — |
| 2025-06-15 | SCHERMERHORN TODD C | Tax withheld | 410 | $45.76 |
| 2025-06-15 | KOZY WILLIAM A | Option exercise | 4.8K | — |
| 2025-06-15 | KOZY WILLIAM A | Tax withheld | 581 | $45.76 |
| 2025-06-15 | Barry James Christopher | Option exercise | 3.4K | — |
| 2025-06-15 | Barry James Christopher | Tax withheld | 410 | $45.76 |
| 2025-06-15 | Story Brooke | Option exercise | 3.4K | — |
| 2025-06-15 | Story Brooke | Tax withheld | 410 | $45.76 |
| 2025-06-15 | Enxing Seng Stacy | Option exercise | 3.4K | — |
| 2025-06-15 | Enxing Seng Stacy | Tax withheld | 410 | $45.76 |
| 2025-06-15 | WILVER PETER M | Option exercise | 3.4K | — |
| 2025-06-15 | WILVER PETER M | Tax withheld | 410 | $45.76 |
| 2025-06-15 | Tezel Ahmet | Option exercise | 3.0K | — |
| 2025-06-15 | Tezel Ahmet | Tax withheld | 1.0K | $45.76 |
| 2025-03-30 | Bolton Stephanie | Option exercise | 6.0K | — |
| 2025-03-30 | Bolton Stephanie | Tax withheld | 2.8K | $39.13 |
| 2025-03-30 | Makatsaria Vladimir | Option exercise | 9.3K | — |
| 2025-03-30 | Makatsaria Vladimir | Tax withheld | 5.0K | $39.13 |
| 2025-03-30 | KOZY WILLIAM A | Option exercise | 1.0K | — |
| 2025-03-30 | KOZY WILLIAM A | Tax withheld | 188 | $39.13 |
| 2025-03-30 | Hutchinson Michael Damon | Option exercise | 2.9K | — |
| 2025-03-30 | Hutchinson Michael Damon | Tax withheld | 1.0K | $39.13 |
| 2025-03-30 | Shvartsburg Alex | Option exercise | 11K | — |
| 2025-03-30 | Shvartsburg Alex | Tax withheld | 3.5K | $39.13 |
| 2025-03-30 | Poletti Franco | Option exercise | 1.3K | — |
| 2025-03-30 | Poletti Franco | Tax withheld | 542 | $39.13 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-11 | Shareholder voteExhibits | filing ↗ |
| 2026-05-06 | ResultsExhibits | filing ↗ |
| 2026-02-25 | ResultsExhibits | filing ↗ |
| 2026-01-14 | Exec/director change | filing ↗ |
| 2025-11-05 | ResultsExhibits | filing ↗ |
| 2025-09-04 | Exec/director changeExhibits | filing ↗ |
| 2025-08-06 | ResultsExhibits | filing ↗ |
| 2025-06-11 | Exec/director changeShareholder voteExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-11 | 2026-06-10 | 0001639691-26-000053 ↗ |
| 8-K | 2026-05-06 | 2026-05-06 | 0001639691-26-000031 ↗ |
| 10-Q | 2026-05-06 | 2026-03-31 | 0001639691-26-000035 ↗ |
| 10-K | 2026-02-25 | 2025-12-31 | 0001639691-26-000010 ↗ |
| 8-K | 2026-02-25 | 2026-02-25 | 0001639691-26-000006 ↗ |
| 8-K | 2026-01-14 | 2026-01-12 | 0001639691-26-000002 ↗ |
| 10-Q | 2025-11-05 | 2025-09-30 | 0001639691-25-000150 ↗ |
| 8-K | 2025-11-05 | 2025-11-05 | 0001639691-25-000146 ↗ |
| 8-K | 2025-09-04 | 2025-09-03 | 0001639691-25-000120 ↗ |
| 10-Q | 2025-08-06 | 2025-06-30 | 0001639691-25-000102 ↗ |
| 8-K | 2025-08-06 | 2025-08-06 | 0001639691-25-000099 ↗ |
| 8-K | 2025-06-11 | 2025-06-11 | 0001639691-25-000052 ↗ |