LiveWire Group, Inc. (LVWR) 10-Year Financial Performance & Capital Metrics

LVWR • • Industrial / General

Consumer CyclicalAuto ManufacturersTwo-Wheel & Light Electric VehiclesElectric Motorcycles

AboutLiveWire Group, Inc. engages in the manufacturing of electric motorcycles in North America, Europe/Middle East/Africa, and Asia Pacific regions. It offers its products under the LiveWire brand name. The company has strategic partnerships with Harley-Davidson, Inc. and the KYMCO Group. LiveWire Group, Inc. was founded in 2010 and is based in Milwaukee, Wisconsin.Show more

Revenue $27M -30.0%
EBITDA -$100M +8.9%
Net Income -$94M +14.3%
EPS (Diluted) -0.46 +14.8%
Gross Margin -48% -216.2%
EBITDA Margin -376.66% -30.0%
Operating Margin -414.36% -35.8%
Net Margin -352.66% -22.4%
ROE -58.52% -36.9%
ROIC -181.15% +11.8%
Debt/Equity 0.01 -26.5%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y5.7%

3Y-9.39%

TTM-19.01%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM22.99%

EPS CAGR

10Y-

5Y-

3Y-

TTM24.47%

ROCE

10Y Avg-162.34%

5Y Avg-153.53%

3Y Avg-52.28%

Latest-65.3%

Peer Comparison

Electric Motorcycles

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LVWRLiveWire Group, Inc.	603.81M	2.96	-6.43	-29.96%	-320.1%	-129.89%		0.01

Profit & Loss

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	20.19M	30.86M	35.81M	46.83M	38.02M	26.63M
Revenue Growth %	-	0.53%	0.16%	0.31%	-0.19%	-0.3%
Cost of Goods Sold+	21.3M	55.82M	38.38M	43.93M	43.8M	39.42M
COGS % of Revenue	1.05%	1.81%	1.07%	0.94%	1.15%	1.48%
Gross Profit+	-1.11M	-24.96M	-2.57M	2.9M	-5.77M	-12.78M
Gross Margin %	-0.05%	-0.81%	-0.07%	0.06%	-0.15%	-0.48%
Gross Profit Growth %	-	-21.48%	0.9%	2.13%	-2.99%	-1.21%
Operating Expenses+	57M	52.1M	65.61M	87.86M	110.22M	97.57M
OpEx % of Revenue	2.82%	1.69%	1.83%	1.88%	2.9%	3.66%
Selling, General & Admin	56.27M	52.1M	65.61M	87.86M	110.22M	92.96M
SG&A % of Revenue	2.79%	1.69%	1.83%	1.88%	2.9%	3.49%
Research & Development	0	0	0	0	0	41.74M
R&D % of Revenue	-	-	-	-	-	1.57%
Other Operating Expenses	725K	0	0	0	0	-37.13M
Operating Income+	-58.11M	-77.06M	-68.18M	-84.95M	-115.99M	-110.36M
Operating Margin %	-2.88%	-2.5%	-1.9%	-1.81%	-3.05%	-4.14%
Operating Income Growth %	-	-0.33%	0.12%	-0.25%	-0.37%	0.05%
EBITDA+	-56.35M	-73.11M	-63.46M	-80.55M	-110.16M	-100.31M
EBITDA Margin %	-2.79%	-2.37%	-1.77%	-1.72%	-2.9%	-3.77%
EBITDA Growth %	-	-0.3%	0.13%	-0.27%	-0.37%	0.09%
D&A (Non-Cash Add-back)	1.75M	3.94M	4.72M	4.4M	5.83M	10.04M
EBIT	-57.38M	-77.03M	-67.86M	-78.5M	-109.47M	-93.88M
Net Interest Income+	40K	-130K	-274K	716K	10.54M	5.7M
Interest Income	40K	56K	19K	1.19M	10.54M	5.7M
Interest Expense	0	186K	293K	475K	0	0
Other Income/Expense	115K	-160K	28K	5.98M	6.52M	16.47M
Pretax Income+	-57.99M	-77.22M	-68.15M	-78.97M	-109.47M	-93.88M
Pretax Margin %	-2.87%	-2.5%	-1.9%	-1.69%	-2.88%	-3.53%
Income Tax+	-1.48M	357K	138K	-33K	78K	43K
Effective Tax Rate %	0.97%	1%	1%	1%	1%	1%
Net Income+	-56.52M	-77.57M	-68.29M	-78.94M	-109.55M	-93.92M
Net Margin %	-2.8%	-2.51%	-1.91%	-1.69%	-2.88%	-3.53%
Net Income Growth %	-	-0.37%	0.12%	-0.16%	-0.39%	0.14%
Net Income (Continuing)	-56.52M	-77.57M	-68.29M	-78.94M	-109.55M	-93.92M
Discontinued Operations	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0
EPS (Diluted)+	-0.35	-0.48	-0.42	-0.46	-0.54	-0.46
EPS Growth %	-	-0.37%	0.13%	-0.1%	-0.17%	0.15%
EPS (Basic)	-0.35	-0.48	-0.42	-0.46	-0.54	-0.46
Diluted Shares Outstanding	161M	202.4M	161M	172M	202.5M	203.21M
Basic Shares Outstanding	161M	161M	161M	172M	202.5M	203.21M
Dividend Payout Ratio	-	-	-	-	-	-

Balance Sheet

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	21.91M	28.19M	29.92M	301.93M	210.73M	98.36M
Cash & Short-Term Investments	1.05M	2.4M	2.67M	265.24M	167.9M	64.44M
Cash Only	1.05M	2.4M	2.67M	265.24M	167.9M	64.44M
Short-Term Investments	0	0	0	0	0	0
Accounts Receivable	6.38M	4.75M	6.9M	2.85M	7.7M	4.27M
Days Sales Outstanding	115.3	56.13	70.3	22.21	73.89	58.56
Inventory	14.23M	20.82M	16.8M	29.21M	32.12M	26.94M
Days Inventory Outstanding	243.89	136.12	159.74	242.74	267.71	249.49
Other Current Assets	247K	225K	3.56M	4.63M	3M	2.71M
Total Non-Current Assets+	23.3M	23.55M	32.03M	49.88M	55.42M	49.6M
Property, Plant & Equipment	11.78M	12.37M	21.36M	34.7M	39.55M	34.78M
Fixed Asset Turnover	1.71x	2.49x	1.68x	1.35x	0.96x	0.77x
Goodwill	8.33M	8.33M	8.33M	8.33M	8.33M	8.33M
Intangible Assets	3.19M	2.73M	2.27M	1.81M	1.35M	1.06M
Long-Term Investments	0	0	0	0	0	0
Other Non-Current Assets	-23.3M	120K	0	5.04M	6.19M	5.43M
Total Assets+	45.21M	51.74M	61.95M	351.81M	266.15M	147.96M
Asset Turnover	0.45x	0.60x	0.58x	0.13x	0.14x	0.18x
Asset Growth %	-	0.14%	0.2%	4.68%	-0.24%	-0.44%
Total Current Liabilities+	17.06M	34.88M	28.01M	34.44M	46.27M	29.85M
Accounts Payable	5.58M	6.43M	9.01M	12.79M	23.93M	11.5M
Days Payables Outstanding	95.7	42.06	85.7	106.25	199.4	106.49
Short-Term Debt	301K	1.05M	103K	0	0	0
Deferred Revenue (Current)	0	0	1000K	163K	214K	174K
Other Current Liabilities	2.52M	3.16M	2.9M	397K	730K	673K
Current Ratio	1.28x	0.81x	1.07x	8.77x	4.55x	3.29x
Quick Ratio	0.45x	0.21x	0.47x	7.92x	3.86x	2.39x
Cash Conversion Cycle	263.49	150.19	144.34	158.7	142.2	201.56
Total Non-Current Liabilities+	6.35M	14.84M	14.01M	10.56M	14.02M	2.99M
Long-Term Debt	0	3.42M	5.7M	0	0	0
Capital Lease Obligations	609K	0	2.42M	1.91M	792K	405K
Deferred Tax Liabilities	0	0	186K	15K	93K	118K
Other Non-Current Liabilities	5.75M	11.42M	5.71M	8.63M	13.13M	2.47M
Total Liabilities	23.41M	49.72M	42.03M	45.01M	60.28M	32.84M
Total Debt+	1.69M	5M	9.37M	3.23M	1.94M	799K
Net Debt	640K	2.59M	6.7M	-262.01M	-165.96M	-63.64M
Debt / Equity	0.08x	2.47x	0.47x	0.01x	0.01x	0.01x
Debt / EBITDA	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-
Interest Coverage	-	-414.27x	-232.70x	-178.85x	-	-
Total Equity+	21.8M	2.02M	19.93M	306.8M	205.86M	115.11M
Equity Growth %	-	-0.91%	8.85%	14.4%	-0.33%	-0.44%
Book Value per Share	0.14	0.01	0.12	1.78	1.02	0.57
Total Shareholders' Equity	21.8M	2.02M	19.93M	306.8M	205.86M	115.11M
Common Stock	21.8M	1.79M	0	20K	20K	20K
Retained Earnings	0	0	0	-22.44M	-131.99M	-225.91M
Treasury Stock	0	0	0	0	-1.97M	-3.41M
Accumulated OCI	-6K	230K	145K	0	17K	12K
Minority Interest	0	0	0	0	0	0

Cash Flow

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-69.22M	-53.71M	-74.54M	-89.68M	-83.46M	-93.86M
Operating CF Margin %	-3.43%	-1.74%	-2.08%	-1.91%	-2.2%	-3.52%
Operating CF Growth %	-	0.22%	-0.39%	-0.2%	0.07%	-0.12%
Net Income	-56.52M	-77.57M	-68.29M	-78.94M	-109.55M	-93.92M
Depreciation & Amortization	1.75M	3.94M	4.72M	4.4M	5.83M	10.04M
Stock-Based Compensation	105K	188K	786K	394K	8.93M	4.63M
Deferred Taxes	22.59M	98K	-22K	-125K	74K	22K
Other Non-Cash Items	8.24M	4.26M	3.26M	-9.27M	5.36M	-5.08M
Working Capital Changes	-22.8M	15.37M	-14.99M	-6.15M	5.89M	-9.54M
Change in Receivables	-6.37M	1.63M	-2.21M	3.56M	-4.9M	3.19M
Change in Inventory	-16.34M	-9.6M	1.56M	-21.07M	-5.63M	-569K
Change in Payables	0	23.32M	-11.06M	12.64M	14.64M	-12.71M
Cash from Investing+	-14.18M	-3.24M	-9.95M	-14.08M	-13.46M	-8.07M
Capital Expenditures	-7.18M	-3.24M	-9.95M	-14.08M	-13.46M	-8.07M
CapEx % of Revenue	0.36%	0.11%	0.28%	0.3%	0.35%	0.3%
Acquisitions	-	-	-	-	-	-
Investments	-	-	-	-	-	-
Other Investing	0	0	0	0	0	0
Cash from Financing+	84.45M	58.3M	84.76M	366.33M	-412K	-1.44M
Debt Issued (Net)	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-
Other Financing	84.15M	54.27M	83.66M	351M	1.56M	0
Net Change in Cash	-	-	-	-	-	-
Free Cash Flow+	-76.39M	-56.96M	-84.49M	-103.76M	-96.92M	-101.93M
FCF Margin %	-3.78%	-1.85%	-2.36%	-2.22%	-2.55%	-3.83%
FCF Growth %	-	0.25%	-0.48%	-0.23%	0.07%	-0.05%
FCF per Share	-0.47	-0.28	-0.52	-0.60	-0.48	-0.50
FCF Conversion (FCF/Net Income)	1.22x	0.69x	1.09x	1.14x	0.76x	1.00x
Interest Paid	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0

Key Ratios

Metric	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-259.29%	-651.32%	-622.31%	-48.32%	-42.74%	-58.52%
Return on Invested Capital (ROIC)	-194.23%	-427.23%	-327.33%	-178.44%	-205.44%	-181.15%
Gross Margin	-5.5%	-80.86%	-7.19%	6.2%	-15.18%	-48%
Net Margin	-279.95%	-251.34%	-190.73%	-168.55%	-288.12%	-352.66%
Debt / Equity	0.08x	2.47x	0.47x	0.01x	0.01x	0.01x
Interest Coverage	-	-414.27x	-232.70x	-178.85x	-	-
FCF Conversion	1.22x	0.69x	1.09x	1.14x	0.76x	1.00x
Revenue Growth	-	52.88%	16.02%	30.8%	-18.81%	-29.96%

Revenue by Geography

	2022	2023	2024
UNITED STATES	36.26M	30.46M	21.41M
UNITED STATES Growth	-	-15.99%	-29.69%
Non-US	10.58M	2.98M	4.17M
Non-US Growth	-	-71.82%	39.72%
AUSTRIA	-	4.58M	1.05M
AUSTRIA Growth	-	-	-76.99%

Frequently Asked Questions

Growth & Financials

LiveWire Group, Inc. (LVWR) reported $25.1M in revenue for fiscal year 2024. This represents a 24% increase from $20.2M in 2019.

LiveWire Group, Inc. (LVWR) saw revenue decline by 30.0% over the past year.

LiveWire Group, Inc. (LVWR) reported a net loss of $80.3M for fiscal year 2024.

Dividend & Returns

LiveWire Group, Inc. (LVWR) has a return on equity (ROE) of -58.5%. Negative ROE indicates the company is unprofitable.

LiveWire Group, Inc. (LVWR) had negative free cash flow of $71.7M in fiscal year 2024, likely due to heavy capital investments.

← Back to Screener