LiveWire Group, Inc.
LVWR, LVWR-WT · Motorcycles, Bicycles & Parts · 204.8M shares · +8%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: -$7M (gross $2M, SBC $9M)
Grade
D44Early-stage electric-motorcycle maker with negative gross margins and large ongoing losses, cushioned by strong liquidity and H-D/KYMCO backing.
Strengths
- Strong current/quick ratios (~78th pct) and ~5.8 quarters of cash runway plus a $50M ATM program
- Strategic manufacturing and distribution partnerships with Harley-Davidson and KYMCO
Risks
- Negative gross margin (-17%, 3rd pct) and operating margin -294% — the business does not yet cover unit costs
- High leverage (D/E 1.61, 88th pct), declining revenue and ROE -163%; profitability remains years away
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Net lossNet loss (net margin -292.6%)
- Cash burnNegative free cash flow (-57.4M)
- Revenue declineRevenue -55.0% YoY
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
-17.3%
Operating margin
-294.0%
Net margin
-292.6%
Return on equity
-163.2%
Return on assets
-51.3%
ROIC
-49.6%
Revenue growth (QoQ)
-55.0%
Debt / equity
1.6×
Current ratio
4.6×
Free cash flow
-$57M
EBITDA
-$65M
Tangible book value
$37M
Cash & investments
$83M
Cash runway
6q
Stock comp / revenue
19.2%
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-22 | Material agreement3.02Shareholder voteExhibits | filing ↗ |
| 2026-05-19 | Reg FD | filing ↗ |
| 2026-05-05 | ResultsExhibits | filing ↗ |
| 2026-02-10 | ResultsExhibits | filing ↗ |
| 2026-01-09 | Exec/director change | filing ↗ |
| 2025-12-29 | Exec/director change | filing ↗ |
| 2025-11-04 | ResultsExhibits | filing ↗ |
| 2025-09-09 | Exec/director change | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-22 | 2026-05-18 | 0001193125-26-237206 ↗ |
| 8-K | 2026-05-19 | 2026-05-19 | 0001898795-26-000054 ↗ |
| 10-Q | 2026-05-06 | 2026-03-31 | 0001898795-26-000048 ↗ |
| 8-K | 2026-05-05 | 2026-05-05 | 0001898795-26-000044 ↗ |
| 10-K | 2026-02-20 | 2025-12-31 | 0001898795-26-000028 ↗ |
| 8-K | 2026-02-10 | 2026-02-10 | 0001898795-26-000016 ↗ |
| 8-K | 2026-01-09 | 2026-01-05 | 0001898795-26-000008 ↗ |
| 8-K | 2025-12-29 | 2025-12-19 | 0001193125-25-335418 ↗ |
| 10-Q | 2025-11-10 | 2025-09-30 | 0001898795-25-000197 ↗ |
| 8-K | 2025-11-04 | 2025-11-04 | 0001898795-25-000188 ↗ |
| 8-K | 2025-09-09 | 2025-09-08 | 0001898795-25-000178 ↗ |
| 8-K | 2025-08-22 | 2025-08-22 | 0001898795-25-000176 ↗ |