Liberty Live Holdings, Inc.
LLYVA, LLYVB, LLYVK · Services-Amusement & Recreation Services · 92.5M shares · EDGAR filings ↗
Grade
D47Investment holding company whose principal asset is a ~69.6M-share Live Nation stake plus Quint, reporting net losses and negative book equity.
Strengths
- Sizable liquidity ($545M cash, 85th pct) and a valuable equity-method Live Nation position
- Revenue growth 12.2% with the Quint hospitality segment
Risks
- Net loss (net margin -22.8%) and negative operating cash flow; ROE 1.77 is a negative-equity artifact (debt/equity -34)
- Holding-company structure with significant indebtedness, controlled vote (Malone) and reliance on Live Nation performance
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Negative equityNegative book equity (debt/equity -33.96)
- Net lossNet loss (net margin -22.8%)
- Weak liquidityCurrent ratio 0.33 (<1)
- Strong balance sheetStrong balance sheet — $545M cash & investments
- Revenue declineRevenue -52.7% YoY
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
19.2%
Operating margin
-13.5%
Net margin
-22.8%
Return on equity
177.2%
Return on assets
-4.6%
ROIC
-2.5%
Revenue growth (QoQ)
-52.7%
Debt / equity
-34.0×
Current ratio
0.3×
EBITDA
-$26M
Tangible book value
-$295M
Cash & investments
$545M
Stock comp / revenue
1.4%
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-13 | Shareholder vote | filing ↗ |
| 2026-03-23 | Material agreementDebt obligationExhibits | filing ↗ |
| 2026-03-13 | OtherExhibits | filing ↗ |
| 2026-03-09 | Reg FDExhibits | filing ↗ |
| 2026-03-06 | Exec/director change | filing ↗ |
| 2026-01-26 | Reg FDExhibits | filing ↗ |
| 2025-12-23 | 5.03Exhibits | filing ↗ |
| 2025-12-15 | Material agreementAcquisition/disposition3.03Exec/director change5.03Reg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-13 | 2026-05-11 | 0002078416-26-000006 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0001104659-26-057082 ↗ |
| 8-K | 2026-03-23 | 2026-03-20 | 0001104659-26-033049 ↗ |
| 8-K | 2026-03-13 | 2026-03-13 | 0001104659-26-027369 ↗ |
| 8-K | 2026-03-09 | 2026-03-06 | 0002078416-26-000004 ↗ |
| 8-K | 2026-03-06 | 2026-03-05 | 0001104659-26-024287 ↗ |
| 10-K | 2026-02-26 | 2025-12-31 | 0001104659-26-020657 ↗ |
| 8-K | 2026-01-26 | 2026-01-23 | 0002078416-26-000002 ↗ |
| 8-K | 2025-12-23 | 2025-12-19 | 0001104659-25-124227 ↗ |
| 8-K | 2025-12-15 | 2025-12-14 | 0001104659-25-121239 ↗ |
| 8-K | 2025-12-08 | 2025-12-08 | 0001104659-25-119086 ↗ |
| 8-K | 2025-11-19 | 2025-11-19 | 0002078416-25-000003 ↗ |