Operating performance remains pressured by structural inefficiencies, as evidenced by thin operating margins of 3.3% despite a gross margin of 33.6% in 2026Q2.
Live Ventures Incorporated (LIVE) annual income statement — 28-year revenue, gross profit & net income history
| Metric | TTM | Sep'25 | Sep'24 | Sep'23 | Sep'22 | Sep'21 | Sep'20 | Sep'19 | Sep'18 | Sep'17 | Sep'16 | Sep'15 | Sep'14 | Sep'13 | Sep'12 | Sep'11 | Sep'10 | Sep'09 | Sep'08 | Sep'07 | Sep'06 | Sep'05 | Sep'04 | Sep'03 | Sep'02 | Sep'01 | Sep'00 | Sep'99 | Sep'98 |
|---|
| Sales/Revenue | 434.25M | 444.94M | 472.84M | 355.17M | 286.91M | 272.98M | 191.72M | 193.29M | 199.63M | 152.06M | 78.95M | 33.37M | 7.27M | 2.35M | 3.07M | 4.08M | 4.24M | 13.44M | 23.42M | 26.34M | 31.96M | 24.36M | 57.17M | 30.77M | 13.23M | 15.08M | 15.84M | 8.57M | 841.04K |
| Revenue Growth % | -2.15% | -5.9% | 33.13% | 23.79% | 5.1% | 42.39% | -0.81% | -3.18% | 31.28% | 92.59% | 136.6% | 359.31% | 208.92% | -23.4% | -24.81% | -3.67% | -68.46% | -42.62% | -11.08% | -17.58% | 31.18% | -57.39% | 85.81% | 132.51% | -12.28% | -4.75% | 84.74% | 919.23% | - |
| Cost of Goods Sold | 290.33M | 299.25M | 328.02M | 239.6M | 189.09M | 173.52M | 116.4M | 122.42M | 125.44M | 89.49M | 58.98M | 22.12M | 5.23M | 916.33K | 715.46K | 3.61M | 1.13M | 6.39M | 4.34M | 4.2M | 4.03M | 3.14M | 24.76M | 8.36M | 3.81M | 6.4M | 5.23M | 4.76M | 0 |
| COGS % of Revenue | - | 67.26% | 69.37% | 67.46% | 65.9% | 63.56% | 60.72% | 63.33% | 62.83% | 58.85% | 74.7% | 66.27% | 71.94% | 38.96% | 23.3% | 88.31% | 26.61% | 47.56% | 18.54% | 15.96% | 12.61% | 12.88% | 43.31% | 27.16% | 28.8% | 42.42% | 33.06% | 55.53% | - |
| Gross Profit | 143.92M | 145.69M | 144.82M | 115.57M | 97.83M | 99.46M | 75.32M | 70.87M | 74.2M | 62.57M | 19.97M | 11.25M | 2.04M | 1.44M | 2.36M | 477.27K | 3.11M | 7.05M | 19.08M | 22.14M | 27.93M | 21.22M | 32.41M | 22.41M | 9.42M | 8.69M | 10.6M | 3.81M | 0 |
| Gross Margin % | 33.14% | 32.74% | 30.63% | 32.54% | 34.1% | 36.44% | 39.28% | 36.67% | 37.17% | 41.15% | 25.3% | 33.73% | 28.06% | 61.04% | 76.7% | 11.69% | 73.39% | 52.44% | 81.46% | 84.04% | 87.39% | 87.12% | 56.69% | 72.84% | 71.2% | 57.58% | 66.94% | 44.47% | - |
| Gross Profit Growth % | - | 0.6% | 25.32% | 18.13% | -1.64% | 32.06% | 6.27% | -4.48% | 18.59% | 213.23% | 77.49% | 452.05% | 42.01% | -39.04% | 393.44% | -84.66% | -55.85% | -63.07% | -13.81% | -20.74% | 31.58% | -34.51% | 44.63% | 137.86% | 8.47% | -18.07% | 178.1% | - | - |
| Operating Expenses | 127.74M | 128.96M | 140.41M | 100.12M | 66.99M | 63.67M | 54.9M | 67.62M | 63.4M | 44.47M | 17.66M | 21.39M | 6.54M | 4.17M | 3.3M | 5.78M | 11.96M | 25.5M | 20.83M | 18.81M | 29.49M | 20.24M | 20.94M | 13.19M | 6.3M | 6.61M | 7.63M | 5.64M | 2.86M |
| OpEx % of Revenue | - | 28.98% | 29.7% | 28.19% | 23.35% | 23.33% | 28.63% | 34.98% | 31.76% | 29.24% | 22.36% | 64.1% | 89.99% | 177.46% | 107.55% | 141.52% | 282.16% | 189.77% | 88.94% | 71.41% | 92.28% | 83.08% | 36.64% | 42.86% | 47.61% | 43.84% | 48.17% | 65.77% | 339.72% |
| Selling, General & Admin | 128M | 131.05M | 140.41M | 100.12M | 66.99M | 63.67M | 54.9M | 67.62M | 63.4M | 44.47M | 17.66M | 17.68M | 6.54M | 4.17M | 3.3M | 5.78M | 11.96M | 17.64M | 20.83M | 19.01M | 25.8M | 19.91M | 20.01M | 12.53M | 5.72M | 6.01M | 7.01M | 5.45M | 2.66M |
| SG&A % of Revenue | - | 29.45% | 29.7% | 28.19% | 23.35% | 23.33% | 28.63% | 34.98% | 31.76% | 29.24% | 22.36% | 52.97% | 89.99% | 177.46% | 107.55% | 141.52% | 282.16% | 131.24% | 88.94% | 72.17% | 80.74% | 81.73% | 35.01% | 40.71% | 43.21% | 39.83% | 44.28% | 63.53% | 316.26% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | -269K | -2.09M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.71M | 0 | 0 | 0 | 0 | 0 | 7.87M | 0 | -200.72K | 3.69M | 328.13K | 930.39K | 660.48K | 581.29K | 603.43K | 616.66K | 192.47K | 197.3K |
| Operating Income | 16.18M | 16.73M | 4.41M | 15.45M | 30.84M | 35.79M | 20.42M | 3.26M | 10.8M | 18.1M | 2.32M | -10.14M | -4.5M | -2.74M | -947.27K | -5.3M | -8.85M | -18.46M | -1.75M | 3.33M | -1.56M | 985.26K | 11.47M | 9.22M | 3.12M | 2.07M | 2.97M | -1.83M | -2.02M |
| Operating Margin % | 3.73% | 3.76% | 0.93% | 4.35% | 10.75% | 13.11% | 10.65% | 1.68% | 5.41% | 11.9% | 2.94% | -30.38% | -61.93% | -116.42% | -30.85% | -129.84% | -208.77% | -137.34% | -7.47% | 12.63% | -4.89% | 4.04% | 20.06% | 29.98% | 23.59% | 13.74% | 18.77% | -21.3% | -239.72% |
| Operating Income Growth % | - | 279.15% | -71.44% | -49.9% | -13.84% | 75.25% | 527.21% | -69.85% | -40.33% | 680.73% | 122.87% | -125.29% | -64.32% | -189.05% | 82.13% | 40.09% | 52.05% | -954.7% | -152.6% | 312.93% | -258.57% | -91.41% | 24.32% | 195.46% | 50.58% | -30.27% | 262.81% | 9.44% | - |
| EBITDA | 38.2M | 38.53M | 28.42M | 34.51M | 39.05M | 42.37M | 27.75M | 8.93M | 16.85M | 23.12M | 5.44M | -9.09M | -4.01M | -2.47M | -687.29K | -4.74M | -7.98M | -16.16M | 1.44M | 6.38M | 1.47M | 3.97M | 13.56M | 10.04M | 3.7M | 2.68M | 3.59M | -1.65M | -1.95M |
| EBITDA Margin % | 8.8% | 8.66% | 6.01% | 9.72% | 13.61% | 15.52% | 14.47% | 4.62% | 8.44% | 15.21% | 6.89% | -27.24% | -55.18% | -105.19% | -22.38% | -116.03% | -188.16% | -120.24% | 6.15% | 24.23% | 4.6% | 16.32% | 23.71% | 32.62% | 27.98% | 17.74% | 22.67% | -19.21% | -232.08% |
| EBITDA Growth % | 97% | 35.6% | -17.65% | -11.65% | -7.82% | 52.7% | 210.73% | -47% | -27.14% | 324.81% | 159.89% | -126.7% | -62.05% | -259.96% | 85.49% | 40.6% | 50.64% | -1221.1% | -77.42% | 333.74% | -62.98% | -70.68% | 35.06% | 171.09% | 38.35% | -25.44% | 318.02% | 15.65% | - |
| D&A (Non-Cash Add-back) | 22.02M | 21.8M | 24M | 19.06M | 8.22M | 6.58M | 7.32M | 5.67M | 6.05M | 5.03M | 3.13M | 1.05M | 490.26K | 264.11K | 259.98K | 563.83K | 873.57K | 2.3M | 3.19M | 3.06M | 3.03M | 2.99M | 2.09M | 814.96K | 581.29K | 603.43K | 616.66K | 179.5K | 64.3K |
| EBIT | 10.86M | 43.95M | -14.5M | 14.21M | 35.83M | 44.88M | 20.87M | 678K | 10.8M | 18.1M | 2.32M | -6.42M | -4.5M | -2.74M | -947.27K | -5.31M | -8.81M | -10.59M | -1.75M | 3.33M | -1.56M | 985.26K | 11.47M | 9.22M | 3.12M | 2.07M | 2.97M | -1.83M | -2.02M |
| Net Interest Income | -7.11M | -15.55M | -16.85M | -12.74M | -4.21M | -5.21M | -5.25M | -6.32M | -8.64M | -7.6M | -4.02M | -4.49M | -458.93K | -3.29M | -610.49K | -69.22K | 18K | 37.69K | 134.69K | 271.97K | 224.18K | 0 | 0 | 89.27K | -74.66K | -563.91K | -852.96K | -404.92K | 76.75K |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3K | 18K | 0 | 138.28K | 271.97K | 224.18K | 0 | 0 | 109K | 17.68K | 7.34K | 802 | 5.4K | 78.84K |
| Interest Expense | 7.11M | 15.55M | 16.85M | 12.74M | 4.21M | 5.21M | 5.25M | 6.32M | 8.64M | 7.6M | 4.02M | 4.49M | 458.93K | 3.29M | 610.49K | 72K | 0 | 37.69K | 3.59K | 0 | 0 | 0 | 0 | 19.73K | 92.34K | 571.25K | 853.76K | 410.32K | 2.09K |
| Other Income/Expense | -20.21M | 11.68M | -35.76M | -13.98M | 779K | 3.89M | -4.81M | -8.89M | -470K | -7.52M | 67.96K | -4.2M | -162.1K | -3.01M | -640.38K | -82.16K | 41.19K | 7.53M | 122.39K | 282.91K | 199.66K | 12.08K | 1.1M | 738.17K | 328.96K | 969.66K | -770.11K | -404.92K | 76.75K |
| Pretax Income | -4.03M | 28.4M | -31.34M | 1.47M | 31.62M | 39.68M | 15.62M | -5.64M | 10.33M | 10.58M | 2.39M | -14.34M | -4.66M | -5.75M | -1.59M | -5.38M | -8.81M | -10.93M | -1.63M | 3.61M | -1.36M | 997.34K | 12.56M | 9.96M | 3.45M | 3.04M | 2.2M | -2.23M | -1.94M |
| Pretax Margin % | -0.93% | 6.38% | -6.63% | 0.41% | 11.02% | 14.54% | 8.15% | -2.92% | 5.17% | 6.96% | 3.02% | -42.96% | -64.16% | -244.47% | -51.71% | -131.85% | -207.8% | -81.32% | -6.95% | 13.7% | -4.26% | 4.09% | 21.97% | 32.38% | 26.08% | 20.17% | 13.91% | -26.02% | -230.6% |
| Income Tax | -1.45M | 5.66M | -4.66M | 1.57M | 6.88M | 8.66M | 4.96M | -1.63M | 4.41M | 4.08M | -15.57M | 376K | 0 | 0 | 0 | 0 | -230.38K | 3.39M | -154.72K | 1.86M | -311.78K | 372.04K | 4.38M | 2.04M | -245.97K | 1.23M | -645.21K | 240.12K | 1.77K |
| Effective Tax Rate % | 36.09% | 19.93% | 14.86% | 106.94% | 21.75% | 21.83% | 31.74% | 28.83% | 42.66% | 38.57% | -652.41% | -2.62% | 0% | 0% | 0% | 0% | 2.62% | -31.05% | 9.51% | 51.41% | 22.88% | 37.3% | 34.84% | 20.45% | -7.13% | 40.44% | -29.29% | -10.76% | -0.09% |
| Net Income | -2.57M | 22.74M | -26.68M | -102K | 24.74M | 31.2M | 10.93M | -4.01M | 5.92M | 6.5M | 17.83M | -14.67M | -4.66M | -5.75M | -1.58M | -5.5M | -7.46M | -22.59M | -1.53M | 1.75M | -1.05M | 725.15K | 8.18M | 7.92M | 3.7M | 1.81M | 2.85M | -4.36M | -1.94M |
| Net Margin % | -0.59% | 5.11% | -5.64% | -0.03% | 8.62% | 11.43% | 5.7% | -2.08% | 2.97% | 4.28% | 22.58% | -43.95% | -64.16% | -244.36% | -51.3% | -134.75% | -175.91% | -168.11% | -6.53% | 6.66% | -3.29% | 2.98% | 14.32% | 25.75% | 27.93% | 12.01% | 17.98% | -50.91% | -230.81% |
| Net Income Growth % | -236.93% | 185.23% | -26061.76% | -100.41% | -20.69% | 185.5% | 372.36% | -167.74% | -8.9% | -63.53% | 221.57% | -214.63% | 18.89% | -264.84% | 71.37% | 26.21% | 66.99% | -1377.74% | -187.16% | 266.89% | -244.93% | -91.14% | 3.29% | 114.36% | 103.97% | -36.37% | 165.27% | -124.79% | - |
| Net Income (Continuing) | -2.57M | 22.74M | -26.68M | -102K | 24.74M | 31.02M | 10.66M | -4.01M | 5.92M | 6.5M | 17.95M | -14.71M | -4.66M | -5.75M | -1.59M | -5.38M | -8.58M | -14.32M | -1.47M | 1.75M | -1.05M | 625.3K | 8.18M | 7.92M | 3.7M | 1.81M | 2.85M | -2.47M | -1.94M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.71K | 12.43K | -118.36K | 1.12M | -8.27M | -55.96K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.89M | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | -448K | -448K | -268K | 0 | 0 | 0 | 0 | 1.95M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.84 | 4.93 | -8.48 | -0.03 | 7.84 | 9.80 | 3.09 | -2.11 | 1.58 | 1.61 | 5.40 | -5.58 | -2.13 | -3.67 | -1.52 | -16.57 | -23.62 | -71.47 | -4.66 | 6.27 | -4.44 | 2.95 | 36.10 | 26.98 | 15.20 | 7.60 | 13.30 | -37.31 | -32.75 |
| EPS Growth % | -864.36% | 158.14% | -25912.27% | -100.42% | -20% | 217.15% | 246.45% | -233.54% | -1.86% | -70.19% | 196.77% | -161.97% | 41.96% | -141.45% | 90.83% | 29.85% | 66.95% | -1433.69% | -174.32% | 241.22% | -250.51% | -91.83% | 33.8% | 77.5% | 100% | -42.86% | 135.65% | -13.92% | - |
| EPS (Basic) | - | 7.35 | -8.48 | -0.03 | 7.84 | 9.80 | 3.09 | -2.11 | 1.58 | 1.61 | 6.33 | -5.58 | -2.13 | -3.67 | -1.52 | -16.57 | -23.62 | -71.47 | -4.66 | 6.46 | -4.44 | 2.97 | 36.10 | 27.17 | 15.20 | 7.60 | 13.30 | -37.31 | -32.75 |
| Diluted Shares Outstanding | 3.07M | 4.62M | 3.15M | 3.13M | 3.16M | 3.18M | 3.53M | 1.9M | 3.74M | 4.05M | 3.3M | 2.63M | 2.19M | 1.57M | 1.03M | 332.08K | 315.75K | 316.09K | 327.98K | 280.87K | 236.62K | 245.58K | 248.88K | 239.96K | 230.24K | 213.81K | 211.16K | 116.97K | 59.28K |
| Basic Shares Outstanding | 3.07M | 3.09M | 3.15M | 3.13M | 3.16M | 3.18M | 3.53M | 1.9M | 3.74M | 4.05M | 3.3M | 2.63M | 2.19M | 1.56M | 1.03M | 332.08K | 315.75K | 316.09K | 327.98K | 268.87K | 236.62K | 244.16K | 245.2K | 238.56K | 230.24K | 213.81K | 211.16K | 116.97K | 59.28K |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 199.24% | 17.44% | - | - | - | - | - | - |
Quick answers to the most common questions about buying LIVE stock.
For fiscal year 2025, Live Ventures Incorporated (LIVE) reported total revenue of $444.9M. This represents a 52803.7% increase compared to $0.8M in 1998.
Live Ventures Incorporated (LIVE) is profitable, generating $22.7M in net income for the fiscal year ending 2025 with a net profit margin of 5.1%.
Live Ventures Incorporated (LIVE) reported an operating income of $16.7M, resulting in an operating profit margin of 3.8%. This margin reflects the operational efficiency of the business before interest and taxes.
Live Ventures Incorporated (LIVE) generated $145.7M in gross profit for the year, representing a gross profit margin of 32.7%. This demonstrates the company's core pricing power and production efficiency.
Key Metrics
Top Statement Risk
Persistent Revenue Contraction
Metrics are mathematically derived from official filings.
Persistent Revenue Contraction Trends
As reported in recent financial filings, Live Ventures has experienced a consistent revenue decline, with the most recent quarterly figures showing a 3.8% year-over-year contraction to $102.9 million, signaling ongoing challenges in maintaining top-line growth across its diversified manufacturing and retail operating segments.
The persistent negative growth trajectory suggests that the company's niche-aggregation strategy is struggling to offset cyclical headwinds in its flooring and steel manufacturing units. Investors should monitor whether this decline reflects a strategic exit from low-margin projects or a broader loss of market share in its core industrial end-markets.
Structural Margin Compression Risks
Based on the provided income statement data, the company maintains a gross margin of 33.6%, yet operating margins remain thin at 3.3%, indicating that high fixed costs and corporate overhead continue to exert significant pressure on the firm's ability to convert gross profit into meaningful operating income.
The narrow spread between gross and operating margins suggests that the company's manufacturing-heavy cost structure lacks the necessary scale to absorb fluctuations in raw material prices. This structural vulnerability implies that any further revenue degradation could rapidly push operating margins into negative territory, as seen in previous periods.
Earnings Quality and Non-Operating Noise
According to historical income statements, the company's net income frequently diverges from operating income, as evidenced by the 2025Q2 period where net income of $15.9 million significantly outpaced the $2.1 million operating income, suggesting that non-operating items or tax benefits are masking core operational performance.
The reliance on non-operating gains to bolster the bottom line warrants further investigation into the sustainability of reported earnings. Analysts should focus on normalized EBITDA to strip away these accounting anomalies and assess the true cash-generating capacity of the underlying business units.
Operating Leverage Remains Constrained
As indicated by the income statement history, operating income has failed to scale consistently with gross profit, with SG&A expenses frequently consuming the majority of the gross margin, which suggests that the company has yet to achieve the operational efficiencies required to drive meaningful bottom-line expansion.
The inability to leverage SG&A effectively against revenue suggests that the corporate overhead associated with managing a disparate portfolio of businesses may be excessive. Without a clear path to reducing these fixed costs, the company appears susceptible to margin volatility during periods of top-line weakness.