The company's financial position is increasingly fragile, evidenced by a deep equity deficit of $19.0M and a reliance on $21.7M of goodwill that may be subject to future impairment.
| Metric | TTM | Mar'25 | Mar'24 | Mar'23 | Mar'22 | Mar'21 | Mar'20 | Mar'19 | Mar'18 | Mar'17 | Mar'16 | Mar'15 | Apr'14 | Apr'13 | Apr'12 | Apr'11 |
|---|
| Total Current Assets | 21.2M | 15.25M | 24.34M | 27.77M | 31.31M | 35.27M | 17.72M | 19.56M | 18.72M | 1.5M | 52.89K | 1.59M | 341.11K | 65.89K | 109.69K | 19.58K |
| Cash & Short-Term Investments | 8.62M | 4.12M | 6.99M | 8.41M | 12.89M | 18.64M | 5.7M | 13.7M | 10.29M | 1.48M | 36.9K | 866.95K | 85.61K | 1.96K | 49.69K | 12.39K |
| Cash Only | 8.62M | 4.12M | 6.99M | 8.41M | 12.89M | 18.64M | 5.7M | 13.7M | 10.29M | 1.48M | 36.9K | 866.95K | 85.61K | 1.96K | 49.69K | 12.39K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 9.85M | 8.3M | 13.21M | 13.66M | 13.69M | 10.57M | 3.89M | 4.31M | 2.99M | 0 | 0 | 67.88K | 148.45K | 0 | 60K | 0 |
| Days Sales Outstanding | 40.17 | 26.48 | 40.69 | 50.05 | 42.69 | 59.13 | 36.72 | 46.72 | 151.68 | - | - | 3.33 | 7.79 | - | - | - |
| Inventory | 1.42M | 1.59M | 1.8M | 2.6M | 2.6M | 2.57M | 6.74M | 235K | 3.69M | 0 | 0 | 161.98K | 67.25K | 0 | 0 | 0 |
| Days Inventory Outstanding | 8.13 | 6.64 | 7.61 | 14.19 | 10.2 | 19.13 | 74.98 | 2.75 | 200.93 | - | - | 53.69 | 24.05 | - | - | - |
| Other Current Assets | 1.31M | 30K | 155K | 3.11M | 260K | 135K | 0 | 235K | 3.69M | 0 | 0 | 496.57K | -215.7K | 0 | -60K | 0 |
| Total Non-Current Assets | 31.06M | 25.27M | 39.53M | 38.12M | 45.52M | 50.5M | 36.39M | 39.34M | 49.31M | 57.41K | 5.17M | 959.76K | 8.08K | 4.49K | 5.66K | 0 |
| Property, Plant & Equipment | 3.21M | 893K | 3.73M | 3.33M | 4.69M | 4.37M | 3.4M | 2.72M | 393K | 57.41K | 62.57K | 950.21K | 8.08K | 4.49K | 5.66K | 0 |
| Fixed Asset Turnover | 36.98x | 128.11x | 31.72x | 29.96x | 24.96x | 14.94x | 11.38x | 12.39x | 18.31x | 3.92x | - | 7.83x | 861.14x | - | - | - |
| Goodwill | 21.71M | 21.71M | 23.38M | 23.38M | 23.38M | 22.62M | 9.67M | 9.67M | 5.38M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 5.88M | 2.57M | 12.41M | 11.04M | 16.72M | 22.47M | 23.2M | 26.94M | 43.5M | 3.22M | 0 | 9.55K | 11.54K | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | -427K | -332K | -338K | -137K | -108K | 0 | 0 | 0 | 4.89M | 4.48M | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 265K | 97K | 427K | 377K | 728K | 1.04M | 127K | -211K | 39K | -3.22M | 213.33K | 494.75K | -11.54K | 0 | 0 | 0 |
| Total Assets | 52.26M | 40.52M | 63.86M | 65.89M | 76.82M | 85.77M | 54.12M | 58.9M | 68.03M | 1.56M | 5.22M | 2.55M | 349.19K | 70.38K | 115.35K | 19.58K |
| Asset Turnover | 1.59x | 2.82x | 1.85x | 1.51x | 1.52x | 0.76x | 0.71x | 0.57x | 0.11x | 0.14x | - | 2.91x | 19.93x | - | - | 0.76x |
| Asset Growth % | -87.79% | -36.56% | -3.07% | -14.23% | -10.43% | 58.49% | -8.12% | -13.42% | 4271.34% | -70.18% | 104.39% | 631.16% | 396.14% | -38.99% | 489.01% | - |
| Total Current Liabilities | 39.26M | 36.38M | 46.84M | 44.48M | 60.12M | 50.96M | 47.79M | 34.2M | 25.68M | 4.73M | 4.88M | 4.8M | 1.23M | 424.61K | 220.88K | 1.13K |
| Accounts Payable | 30.56M | 15.27M | 15.15M | 10.96M | 29.64M | 18.54M | 26.7M | 18.32M | 11M | 542K | 481.41K | 843.67K | 684.44K | 72.04K | 11.24K | 0 |
| Days Payables Outstanding | 132.98 | 63.92 | 64.03 | 59.9 | 116.35 | 138.15 | 297.28 | 214.47 | 599.57 | 172.48 | 27.73K | 279.62 | 244.81 | - | - | - |
| Short-Term Debt | 2.61M | 3.57M | 7.69M | 4.74M | 12K | 4.71M | 3.05M | 2.42M | 4.76M | 3.95M | 3.05M | 1.7M | 500K | 300K | 150K | 0 |
| Deferred Revenue (Current) | 6.83M | 2.14M | 728K | 992K | 1.16M | 1.26M | 949K | 950K | 1.05M | 0 | 0 | 2.13M | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 3.92M | 0 | 607K | 3.15M | 0 | 0 | 0 | 0 | 0 | 240K | 1.12M | 930.41K | 0 | 35.12K | 0 | 0 |
| Current Ratio | 0.54x | 0.42x | 0.52x | 0.62x | 0.52x | 0.69x | 0.37x | 0.57x | 0.73x | 0.32x | 0.01x | 0.33x | 0.28x | 0.16x | 0.50x | 17.32x |
| Quick Ratio | 0.50x | 0.38x | 0.48x | 0.57x | 0.48x | 0.64x | 0.23x | 0.57x | 0.59x | 0.32x | 0.01x | 0.30x | 0.22x | 0.16x | 0.50x | 17.32x |
| Cash Conversion Cycle | -84.68 | -30.8 | -15.72 | 4.33 | -63.46 | -59.89 | -185.58 | -165 | -246.96 | - | - | -222.61 | -212.97 | - | - | - |
| Total Non-Current Liabilities | 23.55M | 12.54M | 10.46M | 17.59M | 27.62M | 26.67M | 13.45M | 15.03M | 3.95M | 232.21K | 110.27K | 1.29M | 861.12K | 527.78K | 194.45K | 575 |
| Long-Term Debt | 12.71M | 150K | 771K | 7.15M | 26.64M | 19.43M | 13.3M | 15.03M | 3.95M | 232K | 110.27K | 242.5K | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 409K | 99K | 0 | 161K | 468K | 742K | 45K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 240K | 60K | 339K | 332K | 338K | 137K | 108K | 211K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 10.62M | 12.24M | 9.35M | 9.95M | 174K | 6.36M | 0 | 0 | 0 | 0 | 0 | 1.05M | 861.12K | 527.78K | 194.45K | 0 |
| Total Liabilities | 62.8M | 48.93M | 57.31M | 62.07M | 87.74M | 77.63M | 61.25M | 49.23M | 29.63M | 4.96M | 4.99M | 6.09M | 2.09M | 952.39K | 415.33K | 1.13K |
| Total Debt | 15.48M | 3.82M | 8.55M | 12.32M | 27.39M | 25.2M | 16.48M | 17.45M | 8.71M | 4.18M | 3.16M | 1.94M | 500K | 300K | 150K | 0 |
| Net Debt | 6.86M | -297K | 1.57M | 3.91M | 14.5M | 6.56M | 10.78M | 3.74M | -1.57M | 2.7M | 3.12M | 1.08M | 414.39K | 298.04K | 100.31K | -12.39K |
| Debt / Equity | -1.47x | - | 1.30x | 3.23x | - | 3.10x | - | 1.80x | 0.23x | - | 13.68x | - | - | - | - | - |
| Debt / EBITDA | -0.81x | - | 19.49x | 2.13x | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | -0.36x | - | 3.57x | 0.68x | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -4.42x | -6.58x | -2.02x | -0.36x | -9.61x | -6.95x | -9.47x | -10.47x | -3.85x | -26.82x | -19.99x | -24.62x | 11.46x | -86.58x | - | - |
| Total Equity | -10.54M | -8.41M | 6.56M | 3.81M | -10.92M | 8.14M | -7.13M | 9.67M | 38.4M | -3.41M | 230.72K | -3.54M | -1.6M | -882.01K | -299.98K | 18.45K |
| Equity Growth % | -1781.36% | -228.29% | 71.92% | 134.94% | -234.17% | 214.11% | -173.7% | -74.81% | 1227.44% | -1576.09% | 106.52% | -120.47% | -81.87% | -194.03% | -1725.63% | - |
| Book Value per Share | -0.92 | -0.89 | 0.75 | 0.45 | -1.38 | 1.18 | -1.27 | 1.86 | 9.70 | -1.05 | 0.08 | -1.41 | -3.07 | -2.26 | -0.84 | 0.07 |
| Total Shareholders' Equity | -18.97M | -17.77M | -3.78M | 3.81M | -10.92M | 8.14M | -7.13M | 9.67M | 38.4M | -3.41M | 230.72K | -2.81M | -1.74M | -882.01K | -299.98K | 18.45K |
| Common Stock | 12K | 97K | 92K | 90K | 83K | 77K | 59K | 52K | 51K | 104K | 46K | 43.28K | 8.58K | 6.26K | 5.37K | 4.97K |
| Retained Earnings | -279.26M | -265.12M | -238.98M | -224.27M | -213.85M | -169.94M | -128.12M | -88.84M | -51.43M | -28.1M | -13.85M | -5.27M | -5.67M | -2.27M | -749.13K | -14.65K |
| Treasury Stock | -849K | -250K | -4.78M | -2.16M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -25.93K | -3.97M | 0 | 0 | 0 |
| Minority Interest | 8.42M | 9.36M | 10.34M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -721.99K | 138.21K | 0 | 0 | 0 |
Critical liquidity and insolvency risk
As reported in recent financial statements, LiveOne's equity position has deteriorated into a deep deficit of $19.0M by 2026Q3, reflecting a consistent pattern of accumulated losses that suggests the company's current business model is failing to generate the necessary returns to sustain its capital structure.
The persistent decline in retained earnings, which reached -$279.3M in 2026Q3, indicates that the company is consistently consuming its capital base rather than growing it. This trajectory suggests that without a fundamental shift in operational efficiency or a significant capital injection, the balance sheet will continue to weaken.
Based on the company's 2026Q3 filings, the current ratio stands at a precarious 0.54, which, when paired with a cash balance of only $8.6M, indicates that LiveOne lacks the necessary liquidity to comfortably cover its short-term obligations and ongoing operational cash requirements.
A current ratio consistently below 1.0 suggests that the company is reliant on the continuous rollover of liabilities or external financing to maintain operations. Investors should monitor this closely, as the limited cash runway leaves virtually no margin for error in the event of a revenue shortfall.
According to the latest balance sheet data, goodwill accounts for $21.7M of the company's $52.3M in total assets, implying that a significant portion of the firm's valuation is tied to intangible assets that may be subject to impairment if future performance targets are not met.
The high concentration of goodwill relative to total assets suggests that the company's asset base is not composed of highly liquid or productive physical capital. This reliance on intangibles warrants further investigation into the underlying assumptions used for impairment testing, especially given the recent revenue contraction.
As indicated by the provided financial data, the company's reliance on negative equity and persistent debt obligations, despite a shrinking asset base, suggests that the balance sheet is potentially distorted by aggressive accounting or unsustainable financing arrangements that mask the true extent of the firm's financial distress.
The presence of debt alongside a negative equity position is a classic indicator of a company in financial distress, where the value of liabilities exceeds the book value of assets. This structure suggests that the company may be effectively insolvent on a book-value basis, necessitating extreme caution from potential investors.
Quick answers to the most common questions about buying LVO stock.
As of 2025, LiveOne, Inc. (LVO) had total assets of $40.5M including $15.2M in current assets.
LiveOne, Inc. (LVO) carries total debt of $3.8M, offset by $4.1M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
LiveOne, Inc. (LVO) has total shareholders' equity (book value) of $-17.8M ($-0.89 book value per share). Book value represents the net worth of the company belonging to common stock holders.
LiveOne, Inc. (LVO) reported a current ratio of 0.42x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.