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LiveWire Group, Inc., a Delaware corporation, and its consolidated subsidiaries are referred to in this Form 10-K as we, our, us, the Company, or LiveWire. LiveWire is an industry-leading all-electric motorcycle brand with a focus on pioneering the growing two-wheel electric motorcycle space.
The business is unprofitable at the operating level (-294.03% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 3.6% YoY. The question is whether this is cyclical or a structural shift.
Negative free cash flow of -$57M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$28M
▼ -3.6% YoY
Net Income (TTM)
-$74M
▲ +20.0% YoY
Op. Margin
-258.49%
▲ +120.3pp YoY
ROIC
-62.21%
▲ +3.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$53M
▲ +43.7% YoY
Op. Cash Flow (TTM)
-$49M
▲ +42.9% YoY
Net Debt
$7M
Cash & Equiv.
$67M
5Y CAGR: -3.6%
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